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New Res Tower Promises a True Metropolitan Hollywood Lifestyle 9/16/08 A unique Hollywood residential tower that promises a new standard for urban living in the heart of the city is being marketed for lease. The 52-unit development, the Metropolitan Hollywood, is said to offer some of the city’s...
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Fiberglas Products Distributor Leases 40k sf Sylmar Facility 9/15/08 In recent industrial leasing news from the San Fernando Valley, A.P. Products Inc, a distributor of fiberglass products, inked a five-year, $1.4 mil deal for a 39.8k sf ($0.59/sf/mo) building at 12884 Bradley Ave, south of th...
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LA Apartment Comps 9/12/08 Here’s a chance to catch up on apartment sales comps in Los Angeles, as we’ve got nine recent deals to report, listed below:
• A six-unit building at 3725 Midvale Ave, east of the 405 Fwy and north of Venice Blvd, sold for $...
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West LA Coco’s Property Sells for $700/sf 9/11/08 Three recent property sales along a stretch of Pico Blvd in West Los Angeles combined for a total deal value of $6.4 mil. The transactions were all brokered by Jonathan Ahron and David Aschkenasy of Charles Dunn Co.
One of t...
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Roland Products Spends $5.5 Mil on Gardena Industrial Facility 9/10/08 European distributor Roland Products acquired a 40k sf industrial facility in Gardena for $5.5 mil ($138/sf). The property is at 1702 El Segundo Blvd, east of Western Ave and south of the 105 Fwy.
Roland, a distributor of Eu...
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Former Boise Cascade Facility in Rancho Dominguez Renovated for Modern Uses 9/08/08 A 98.9k sf industrial property in Rancho Dominguez, originally built in the 1970s for Boise Cascade Co, has been totally refurbished and is being marketed for lease to the logistics industry. The property, situated on 5.5 acr...
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Rexford to Redevelop Light Industrial Property in East Pasadena 9/05/08 An older multi-tenant light industrial property in East Pasadena presented an attractive value-add investment opportunity for SoCal-based Rexford Industrial LLC, which paid $4.7 mil for a 31.5k sf ($149/sf) complex at 89-91 N...
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Construction on New Valencia Office Property is Completed 9/04/08 A new Class A office property located in the Northern LA County community of Valencia has recently completed construction. Called Summit Oaks, the project was developed through a partnership between Parker Properties and RREE...
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BOMA LA Organizes Memorial Service for Barbara S. Harris 9/02/08 The Building Owners and Managers Association of Greater Los Angeles (BOMA/GLA) regrets to announce that Barbara S. Harris, RPA, a leading real estate professional, passed away on Tuesday, August 26, 2008 after a long and cour...
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Jim Orloff and Tony Michelman to Head Up New NAI Capital Group 9/02/08 Encino-based NAI Capital has launched a new division within the company to be called the Consulting and Advisory Services Division. Headed by Senior Vice President Jim Orloff and Vice President Tony Michelman, the group will ...
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Reznick Group Inks Renewal/Expansion Deal for 17k sf in Century City 8/28/08 Reznick Group, the highly regarded CPA firm that specializes in commercial real estate, inked its own real estate deal in Century City, after agreeing to a seven-year lease for 17.6k sf of office space at 1888 Century Park Ea...
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City of Los Angeles Inks $47 Mil Downtown Office Renewal 8/27/08 The City of Los Angeles signed off on one of the largest SoCal office transactions of 2008, having agreed to a 10-year lease renewal for 170.1k sf of space at The Garland Center, located at 1200 West 7th St in downtown LA. Th...
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Cinelease Lights Up Glendale Industrial Market 8/26/08 Cinelease Inc, one of the largest independent lighting and grip rental companies in the country, recently inked a lease for a vacant 155k sf industrial facility in the southeast San Fernando Valley. Cinelease’s 10-year transa...
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LAX Sheraton Gateway Hotel Trades in $97 Mil Deal 8/25/08 Ownership of a major LAX-area hotel property changed hands in a recent transaction valued at $97 mil. The property is the fee simple interest in the 802-room Sheraton Gateway Hotel at Los Angeles International Airport, which ...
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Take the 7-Point Challenge! 8/25/08 The Building Owners and Managers Association of Greater Los Angeles (BOMA/GLA) is adopting BOMA International’s transformational “7-Point Challenge,” a new energy plan for the commercial real estate sector, for implementation...
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Alhambra Tenants Pumped Up Over Opening of New LA Fitness 8/21/08 LA Fitness, the national sports/fitness chain, just opened a new 50k sf San Gabriel Valley location at The Alhambra, the 45-acre, 1 msf urban community located at 1000 S. Fremont Ave in Alhambra. Situated on the northwest cor...
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West LA Apartment Properties Continue to Attract Investors 8/21/08 Two recent apartment sales on L.A.’s Westside generated a total of $9 mil. In one of the transactions, a 15-unit luxury building located at 2050 S. Bentley Ave, a block east of Sepulveda Blvd and about midway between Santa Mo...
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George Smith Partners Finances Long Beach Office Buy 8/21/08 Bridge financing of $10.3 mil for the acquisition and redevelopment of City Centre Office, a 67k sf Class B office building at 200 Pine Ave in Long Beach, was arranged by George Smith Partners. The 40-year-old property, consi...
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Equity Office Investing $25 Mil in SoCal Upgrades 8/21/08 For those of you who may have been under the impression that Equity Office ceased to exist after Sam Zell sold it to The Blackstone Group for $39 bil in 2007, think again. The big office owner, which manages 50 msf of space i...
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Steel Company Fabricates $9 Mil Industrial Buy in Santa Fe Springs 8/19/08 In the latest deal news from Santa Fe Springs, Hansen Steel, a steel fabrication and services company based in the city, has acquired an 85.9k sf metal industrial building on 4.75 acres at 11919 Smith Ave, north of Telegraph ...
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