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• Transwestern Acquires Pair of Culver City Office Towers from Arden Realty
7/24/08
Madison Partners, the West LA-based brokerage firm founded by Bob Safai, was involved in three recent office deals, totaling more than 650k sf of space, which just closed escrow. The properties, located in Culver City, Centur...
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• Panorama City Facility Sells for $4.7 Mil
7/23/08
Here’s the scoop on two nearby industrial deals from the eastern San Fernando Valley, in Panorama City and North Hollywood. In the Panorama City transaction, Creative Technology Group agreed to a $4.7 mil, 84-month lease of a...
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• Rancho Dominguez is Becoming a Chick Magnet
7/22/08
A 9.8k sf warehouse property in the city of El Segundo recently sold for $9.7 mil ($990/sf). The building was constructed in 1989 and is located at 645 South Allied Way, north of Rosecrans Ave and east of Sepulveda Blvd off o...
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• Dramatic Hollywood Building Acquired by Dramatic Academy
7/21/08
A historic Hollywood apartment building that was recently renovated was just acquired by the American Musical and Dramatic Academy (AMDA) to help house its growing student body. AMDA agreed to a 12-year, $13 mil lease for the...
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• New RENTV Executive Report: San Gabriel Valley/Mid-Cities Hot Transactions
7/17/08
RENTV’s latest Hot Transactions report covers the San Gabriel Valley and LA’s Mid-Cities area, a region that extends southeast of downtown to communities such as Commerce, Whittier, Montebello, Vernon, Downey, Pico Rivera and...
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• Premier Office Centers Inks 46th Location
7/17/08
Premier Office Centers LLC, the big Irvine-based executive suite operator, has inked a deal to manage and operate a location in the eastern San Fernando Valley on behalf of Excel Executive Suites LLC. The arrangement calls fo...
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• Sonnenblick-Eichner Arranges $20 Mil in Construction Money for Malibu Retail Project
7/16/08
Sonnenblick-Eichner Company has arranged a $20 mil leasehold construction loan for Malibu Lumber Shopping Center, a planned retail center located on Pacific Coast Highway in Malibu. The project, which is being developed in a ...
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• New Lifestyle Development to Add 421 Res Units for USC Students and Staff
7/16/08
This summer, Urban Ventures begins construction on University Gateway, an ambitious, multi-faceted residential/retail development designed to meet the growing housing and lifestyle needs of USC students, professors, staff and...
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• Draftsmen & Craftsmen
7/16/08
Killefer Flammang Architects (KFA) recently won four Los Angeles Business Council (LABC) architectural awards — three for the design of fire stations, the other for a building housing abused women and mentally ill homeless re...
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• Outlook for LA’s Retail Market Remains Bright
7/15/08
The extended outlook for Los Angeles' retail market remains bright, though moderating economic conditions and the local housing downturn will ease tenant demand for space in the near term, according to a second-quarter Retail...
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• George Smith Partners Arranges $15 Mil for City Purchase of Downtown LA Land
7/15/08
The Community Redevelopment Agency of the City of Los Angeles recently acquired an 18-acre industrial parcel in Downtown Los Angeles in a transaction that was funded by a $15 mil acquisition loan arranged by George Smith Part...
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• Rexford Picks Up 57k sf Glendale Industrial Building
7/11/08
A fully leased 57.1k sf industrial facility in Glendale was acquired by LA-based Rexford Industrial for $6.2 mil ($109/sf). The free-standing building is located at 700 Allen Ave, east of the I-5 between Alameda and Western A...
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• Hollywood Res Project Gets $27 Mil in Joint Venture Equity Funding
7/10/08
A planned multifamily development in Hollywood is closer to becoming a reality, as the project’s developer, JPI Inc, recently closed on $27.19 mil in joint venture equity funding. The Class A project -- Jefferson at Hollywood...
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• Shorenstein Purchase to Shore Up Maguire’s Balance Sheet
7/08/08
Led by new President and CEO Nelson Rising, the new management team at Maguire Properties has not wasted much time in trying to bolster the balance sheet at the LA-based office REIT, which has gone through a turbulent period ...
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• First Industrial Delivers Modern 213k sf Facility for DHL
7/08/08
In a transaction that validates the ongoing market demand for modern warehouse/distribution space in LA’s South Bay region, DHL/Exel Inc agreed to a five-year, $12.9 mil lease for 213.5k sf ($1.00/sf/mo) of space in Rancho Do...
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• Starpoint Flips LA-Area Apartment Property for $17 Mil
7/07/08
Beverly Hills-based Starpoint Properties has collected $17.3 mil from the sale of an 83-unit ($208k/unit) apartment complex in LA’s Koreatown area just two years after they acquired the property for $11 mil ($132.5k/unit). Th...
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• Qualco Picks Up Santa Fe Springs Facility
7/03/08
Demand for industrial space in LA’s mid-cities and Eastern San Gabriel Valley areas remains strong, due to their strategic location for serving the greater Los Angeles Basin area and because of very limited opportunities to d...
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• Playa Vista Gets Interactive
7/02/08
By Allen Wolfsheimer
Chalk up another major lease signing at Playa Vista, the massive mixed-use development on LA’s Westside where work on two state-of-the-art office projects is currently underway. In this latest deal, Fox ...
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• Bernards Adds Touch of Americana to Its Portfolio
7/02/08
The Americana at Brand, the exciting mixed-use mega-project that just opened to the public in Glendale a few weeks ago, boasts 475k sf of shops and restaurants with individualized storefronts and an 18-screen Pacific Theatres...
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• Seventh Street Development Collects $9.3 Mil from Latest Sales at Pomona Project
7/01/08
Activity continues at a good pace at Mission-71 Business Park, a newly built industrial campus in the city of Pomona. The project developer, Seventh Street Development, has recently sold three more industrial buildings for a ...
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