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• Litigation Consulting Firm Becomes Cornerstone at LA’s US Bank Tower
10/19/07
In a downtown LA office lease, Cornerstone Research signed a long-term deal for 28.6k sf of space at 633 West Fifth St, the 73-story skyscraper also known as US Bank Tower. Cornerstone has already moved onto the 31st floor an...
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• Professional Firms Take a Shining to Westwood Office Space
10/18/07
L.E.K. Consulting, a London-based strategy consulting firm, agreed to a $6.5 mil expansion/renewal lease for 17.9k sf of office space on the 21st floor of the Westwood Center Building, located at 1100 Glendon Ave in Westwood,...
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• 312-Unit Multifamily Property in West Covina Hits the Market
10/17/07
A sizable multifamily listing in the San Gabriel Valley has hit the market, that being Waterstone at Walnut Ridge, a 312-unit multi-family community in West Covina. The property, located at 3610 South Nogales St, north of Val...
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• San Fernando Valley Retail Center Offered at $33 Mil
10/16/07
A 138.7k sf shopping center in the north San Fernando Valley has been offered for sale at a price of $33.5 mil, or around $242/sf. The property, Sylmar Square, is at 13754 Foothill Blvd in Sylmar, a block off the 210 Fwy.
S...
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• KOR Pays $30 Mil for 182 Units in San Gabriel Valley
10/12/07
Sunset Plaza Apartments, a 182-unit apartment community located in the San Gabriel Valley city of West Covina, was acquired by LA-based KOR Group in a $30 mil ($164.8k/unit) deal. The property is located at 1234 W. Cameron Av...
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• Norwalk Office Property Trades for $349/sf
10/12/07
An 8.3k sf office building in Norwalk was purchased a private investor for $2.9 mil ($349/sf). The single-story building, constructed in 1960, is located at 11716 Rosecrans Ave. It is surrounded by retail properties and is lo...
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• Transit-Oriented Development Brings 449 Res Units to Heart of LA
10/11/07
Wilshire Vermont Station -- a mixed-use transit village designed by world-renowned architect Arquitectonica, and developed by Urban Partners LLC and MacFarlane Partners in conjunction with the Los Angeles County Metropolitan ...
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• $9 Mil Valencia Sale Falls Under the Right Zodax Sign
10/11/07
Zodax, a home decorative accessories company based out of the San Fernando Valley, has acquired a 71k sf manufacturing and warehouse facility in Valencia for roughly $9 mil ($127/sf). The property, located at 29003 N. Avenue...
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• New RENTV Executive Subscriber Report: San Fernando Valley “Tenants in the Market”
10/10/07
Find out what companies are looking around the San Fernando Valley, the Conejo Valley and the Tri-Cities areas for new space. RENTV’s just-posted San Fernando Valley “Tenants in the Market” Executive Subscriber report lists a...
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• Bantry Venture Acquires Warner Center Portfolio
10/09/07
A venture of Bantry Holdings LLC and GRE, an investment group out of Boston, has acquired a three-building, 179.9k sf office portfolio in the Warner Center area for a total price of $48.75 mil ($271/sf). The properties, which...
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• Rexford Acquires Burbank Building for Conversion into Creative Office Space
10/09/07
Rexford Industrial LLC recently spent $9.3 mil on the 42.5k sf ($219/sf) Captions Inc building at 901 W. Alameda Ave, west of Victory Blvd and north of the 134 Fwy in Burbank. The buyer plans to convert the freestanding build...
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• LA City Council Approves New Sylmar Mixed-User
10/08/07
Meruelo Maddux Properties, known for its massive presence in downtown LA, received unanimous approval by the Los Angeles City Council for a proposed mixed-use residential and commercial project located in Sylmar, which will c...
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• LA Apartment Portfolio Trades for $50 Mil
10/05/07
A 353-Unit apartment portfolio in Los Angeles was purchased for $50.1 mil, or around $142k/unit. The portfolio consists of: the LaFayette Apartments & Embassy Square Apartments, two adjacent complexes located at 249 and 269 S...
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• Century City High-Rise Make-Over Topped Off with Unique Public Sculpture
10/04/07
Held Properties Inc, the privately held real estate company, has commissioned world-renowned glass sculptor John G. Luebtow to create an original public sculpture for 1880 Century Park East, the landmark office tower original...
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• Santa Monica Hotel Site Sells for $34 Mil
10/03/07
A new world-class hotel along Ocean Avenue in Santa Monica looks to be in the works. A partnership of investment entities that includes Jeff Worthe, known for his work at M. David Paul, and Stockbridge Real Estate Funds has ...
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• SCI Introduces New Investment Affiliate
10/02/07
SCI Real Estate Investments (SCI), the LA-based T-I-C investment firm, led by CEO Marc Paul, has created SCI Capital Group LLC (SCICG), a new affiliate dedicated to creating real estate related investment opportunities. Afte...
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• Triple Net Closes $13.8 Mil Medical Office Buy in Long Beach
10/01/07
St. Mary Physicians Center, a 66.7k sf medical/office building in Long Beach, was purchased by an affiliate of Santa Ana-based Triple Net Properties for $13.8 mil, or around $207/sf. The Class A, four-story building is locate...
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• Oltmans to Construct Living Spaces in the Valley
9/27/07
The final metal building at what was formerly General Motors' largest auto plant on the West Coast is being replaced by a $20 mil state-of-the-art warehouse and showroom for Living Spaces Furniture, the building's owner. The ...
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• Kearny and Morgan Stanley Begin Work on Hawthorne Biz Project
9/25/07
A venture of Kearny Real Estate Company and Morgan Stanley Real Estate Fund V has started construction on a 21-building, 203k sf industrial project within Kearny's Century Business Center, a 2.3 msf office and industrial camp...
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• Borax Santa Clarita Office/Lab Property Sells for $26 Mil
9/25/07
In a sizable investment buy in Santa Clarita from a few weeks ago, Brentwood Capital Partners purchased a 117k sf office/lab property at 26877 Tourney Rd, north of Valencia Blvd and east of I-5, for $26 mil ($222/sf).
The p...
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