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• El Segundo Seller Gets For Stars in Latest Deal
5/13/08
Two recent South Bay transactions – one a lease and the other a sale – totaled up to $8.55 mil in value. The larger of the two deals was a lease, as Schenker Inc, a leading provider of integrated logistics services, agreed to...
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• New Multifamily Development Livens Up Westwood Village
5/09/08
A new upscale multifamily development is bringing new life to Westwood Village and is expected to spark additional interest in this desirable mixed-use area in West LA, situated adjacent to the UCLA campus. The project, Palaz...
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• Pasadena Investor Nabs Eagle Rock Office Property
5/09/08
A two-building, 9.7k sf office property in Eagle Rock was purchased by a Pasadena-based investment group for $3 mil ($309/sf). Located at 963 – 969 Colorado Blvd, on the corner with Figueroa St and just south of the 134 Fwy, ...
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• GE Provides $45 Mil for Playa Vista Office Buy
5/08/08
GE Real Estate provided a $45.23 mil on-book loan to an affiliate of The Lionstone Group for the acquisition of two office buildings in the Playa Vista area of West LA, near LAX. The property, Playa Business Campus, totals ne...
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• Transpacific to Begin Work on Final Office Building at Cerritos Towne Center
5/08/08
Transpacific Development Company (TDC) is set to start work on a new Class A office building in Cerritos, having executed a $25 mil lease with the local law firm of Atkinson, Andelson, Loya, Ruud & Romo, which will occupy 60%...
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• LA Industrial Sale Dovetails Tight Market
5/07/08
Dovetail Furniture Inc, a large importer and distributor of handcrafted furniture on the west coast, has purchased a 52.4k sf industrial building located at 14000 S. Figueroa St, north of Rosecrans Ave and east of the 110 Fwy...
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• Commerce Landlord Whistling Dixie after Replacing Tenant for 270k sf Facility
5/06/08
In what is reportedly the largest lease transaction in the City of Commerce in the last seven years, Bridge Publications, the company that produces all of the publications and compact discs for the Church of Scientology, has ...
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• Maxxam Making a Fashion Statement
5/05/08
Maxxam Enterprises is looking very fashionable these days, as the privately held LA real estate firm has five projects totaling more than 200k sf in various stages of development in the rapidly growing Fashion District of dow...
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• San Fernando Mixed-Use Project May Be Re-Configured for Affordable Senior Housing
5/01/08
Gangi Development was given a nine-month extension of an exclusive negotiating agreement with the City of San Fernando to finalize the components of a mixed-use project for a city-owned parking lot at San Fernando Mission Blv...
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• Fleishman-Hillard Goes Hollywood
5/01/08
When it comes to Hollywood, they say any PR is good PR, which makes this latest office lease look even better, as the PR firm of Fleishman-Hillard inked a deal for 9.3k sf of space at 6751-6755 Hollywood Blvd, just east of Hi...
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• Maguire Properties’ Suitor May Be Rob Maguire
4/30/08
With recent efforts to locate a potential buyer for Maguire Properties having come to a halt a few weeks ago without any likely contenders, company CEO Rob Maguire is now making a strong play to buy the company himself. The c...
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• LA-Area Apartment Comp Review
4/30/08
Here’s an update on three smaller apartment sales comp from around the LA area. We’ll start in the west San Fernando Valley community of Canoga Park, where an investor paid $2.85 mil for a 19-unit ($150k/unit) building at 703...
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• NAIOP SoCal to Recognize RE Pros Who Represented USA at Past Olympics
4/30/08
In honor of the athletic achievements of many Southern California real estate professionals, NAIOP SoCal will recognize some of the local leaders who have represented the USA in past Olympics at this year’s annual Night at th...
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• Psychology School Doesn’t Mind Older Building in New Downtown LA Lease
4/29/08
In a recent lease for office space in a historic downtown Los Angeles building, the Chicago School of Professional Psychology agreed to take 15.9k sf on the eighth floor at 617 West Seventh St, located on the northeast corner...
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• Dodgers Hit One Out of the Ballpark with Stadium Improvement Plan
4/28/08
In an effort to improve the overall Dodgers game experience and to create a year-round source of revenue from the club’s iconic stadium property, the Los Angeles Dodgers last week announced plans for a multi-faceted improveme...
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• Eric Olofson Named Vice Chairman at Cushman & Wakefield
4/28/08
Eric L. Olofson II has been promoted to Vice Chairman at international real estate services firm Cushman & Wakefield. He was previously an Executive Vice President and is based in the firm’s West Los Angeles office. In additi...
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• G&L Realty Gets Medical Attention in $16 Mil San Pedro Sale
4/25/08
A three-building, 68.1k sf medical office complex in San Pedro was acquired by KF Properties last month in a $16 mil ($235/sf) transaction. The property, located at 1360 W. 6th St, across the street from the Little Company of...
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• LA City Dignitaries Sign Private Sector Green Building Plan at Earth Day Party
4/25/08
The City of Los Angeles celebrated Earth Day this past Tuesday by signing into law an aggressive plan that calls for reducing the city’s carbon emissions by at least 80,000 tons by the year 2012, making LA the first major Ame...
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• Investor Spends $12 Mil on Village in East Hollywood
4/24/08
A 41-unit apartment complex in Hollywood was acquired by a locally based investor for $12 mil. The property, East Hollywood Village, is located on a 2.8k sf site at 5718-5728 Hollywood Blvd, between Western Ave and the 101 Fw...
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• Dynaroll Gets it Bearings in the Valley with $5.3 Mil Sylmar Buy
4/21/08
Dynaroll Corporation has settled on an additional location in the San Fernando Valley with the recent purchase of a 41.5k sf industrial facility in Sylmar. The company, which was founded in 1988 and has since become one of th...
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