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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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• Maguire Closes $400 Mil Refi of KPMG Tower
9/13/07
Maguire Properties Inc, the LA-based office REIT led by legendary developer Rob Maguire, has wrapped up a $400 mil refi of its KPMG Tower at 355 S. Grand Ave in downtown Los Angeles. Containing roughly 1.1 msf of Class A offi...
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• LeFrak Adds $50 Mil Footprint to Hollywood Walk of Fame
9/12/07
7060 Hollywood Boulevard, a 12-story, 175k sf office tower located along Hollywood's legendary “Walk of Fame,” was acquired by the LeFrak Organization for $50 mil ($286/sf) from Broadstone Hollywood LLC in an off-market trans...
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• CIM Acquires Landmark Chinese Theatre in Hollywood
9/05/07
The world-famous Grauman's Chinese Theatre, one of Los Angeles' most popular tourist attractions, has been acquired by a fund controlled by locally based CIM Group. The theater is situated on Hollywood Blvd, adjacent to the ...
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• Higgins Development Breaks Ground on Burbank Office Project
8/30/07
Higgins Development Partners just broke ground on a new seven-story, 363k sf office building in the city of Burbank. Called 2300 Empire Center, the $130 mil project represents the last phase of Empire Center, a mixed-use reta...
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• LA's Union Bank Plaza to Be Sold for 3rd Time in Five Years
8/28/07
by Allen Wolfsheimer
A major downtown LA office tower has hit the market, as Hines, the big Houston, TX-based real estate firm, has listed Union Bank Plaza, a 40-story, 626k sf high-rise at 445 S. Figueroa St. The sales assignment was awarded to ...
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• $43 Mil is the Price to Save the Queen
8/24/07
A group of investors aptly named “Save the Queen” has been named as the winning bidder in the federal bankruptcy auction for the leasehold of the Queen's Seaport site in Long Beach. The group, which took the prize with a $43...
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• Hudson Cash River Flows into Hollywood
8/22/07
Sunset-Gower Studios, the historic 15-acre Hollywood studio that was once the home of Columbia Pictures, was acquired by Hudson Capital Group for around $200 mil. The property, one of the largest independent studios in the ci...
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