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• New North Valley Industrial Park 25% Sold Before April Completion
3/28/08
As construction nears completion on North Valley Commerce Center, a new industrial business park under development in the north San Fernando Valley, 25 percent of the complex in already escrow, just 90 days after marketing ef...
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• NoHo Project Takes Unique Path
3/27/08
Although the changing economic climate is leading some developers to convert residential condos to rentals, one San Fernando Valley developer is taking a different path -- transforming rentals to office condos. NoHo Lofts, lo...
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• Heslin Becker Finishes Work on Redeveloped Pico Rivera Center
3/26/08
Construction has been completed on Pico Plaza, a 30k sf shopping center in the heart of urban Pico Rivera. The center, which is now open for business, boasts a strong tenant line-up that includes Rite Aid, Subway and Starbuck...
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• New Venice Res/Retail Project has Lofty Goals
3/25/08
A new residential project at the hip corner of Abbot Kinney and Venice Blvds marks the first new apartments in Venice in over a decade. Located at 1645 Abbot Kinney Blvd, Abbot Lofts features residential flats and lofts over...
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• Third Phase of NoHo Commons Gets Underway
3/25/08
Some big LA politicos, including Mayor Antonio Villaraigosa and Councilmember Tom LaBonge, joined executives from developer J.H. Snyder on Monday, March 24, for the groundbreaking on the third and final phase of the NoHo Comm...
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• Conejo Valley Gets High-End Home Furnishings Super-Center
3/24/08
A new 120k sf home furnishing center in the Conejo Valley puts a number of high-end home furnishings retailers together under one large roof in Agoura Hills. The unique furniture retail complex is a development of Woodland Hi...
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• LA Tenant Takes Space at International Tower while International Tenant Leases at LA Building
3/24/08
Here’s a recent lease comp from LA’s Mid-Wilshire area, as the Taipei Economic and Cultural Offices in Los Angeles (TECO – Los Angeles) agreed to a $2.5 mil, six-year deal for 17.4k sf ($2/sf/mo) of space at 3731 Wilshire Blv...
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• Koll Completes Work on City of Industry Center
3/20/08
The Koll Company has wrapped up construction on Koll Center Industry, an award-winning, four-building, 129.8k sf industrial project in the City of Industry. Developed on a 7.4-acre site at 17801 Arenth Ave, Koll Center Indust...
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• Institutional Buyer Picks Up $14.6 Mil City of Industry Asset
3/19/08
A 126k sf Class A industrial building in the City of Industry was purchased by an institutional investor for $14.6 mil ($116/sf). The building, called Pacific Commerce Center, is located at 21301-21307 Ferrero Pkwy, just sout...
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• SoCal Pro Moves
3/18/08
OC-based investment brokerage firm Sperry Van Ness has opened a new office in the heart of Los Angeles’ booming Koreatown, to be headed by Mimi Song, one of the company’s top producers. The office, located at 3600 Wilshire Bl...
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• New Office Tower in the Works for LA’s Westside
3/18/08
With Westside office tenants clamoring for more affordable office space, IDS Real Estate Group just acquired a 3.3-acre development parcel at the Corporate Pointe office campus in Culver City and plans to build a 12-story, $1...
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• West Valley Office Building Turns Up an ACE
3/13/08
ACE American Insurance Company recently closed a lease for 27.2k sf of office space in the West San Fernando Valley after agreeing to five-year, $5 mil ($3.06/sf/mo) deal at West Valley Corporate Center. The Class A, 10-story...
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• Pair of Long Beach Office Properties Offered for $31.5 Mil
3/13/08
SoCal office property investors might want to check out this latest listing we just heard about, for a two-building, Class A offering totaling 131.4k sf in Long Beach. Both properties are located near the 405 and 710 freeways...
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• Retail Real Estate in LA County Expected to Have Good Year in 2008
3/12/08
Retail properties throughout Los Angeles County are expected to have a healthy year in 2008, despite moderating economic expansion, according to the latest research from national brokerage firm Marcus & Millichap. The forecas...
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• Galaxy Buy in Valencia Opens Up Universe of Expansion Possibilities
3/12/08
Well-located SoCal industrial facilities are still in high demand by owner/users in the region, as vacancy rates remain very low and land for new industrial development is extremely scarce. In a recent industrial acquisition,...
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• Local Buyer Spends $11 Mil on Torrance Apartment Community
3/11/08
A 68-unit apartment community in Torrance was purchased by a local investment group for $11 mil, or $161.8k/unit. The property, called Alondra Park, is located at 3338 Redondo Beach Blvd and has been extremely well maintained...
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• Recent Deals Bring LA’s Pacific Financial Center to 99% Leased
3/10/08
A downtown Los Angeles high-rise office property from the 1970s, the Pacific Financial Center, is now 99% leased, thanks to a number of recent deals, one of which was with The Arthritis Foundation. The non-profit organization...
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• Investor Spends $400/sf on West LA Office Property
3/07/08
A three-story, multi-tenant office building in West Los Angeles recently traded hands in a deal valued at $9.6 mil, or about $398/sf. The property, Corinth Gardens, is located on 0.33 acres at 2211 Corinth Ave, west of the 40...
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• SoCal Apartment Investment Opportunity is Definitely Waterfront Property
3/05/08
Looking for a unique SoCal beachfront investment opportunity? Here’s news of a 161-unit Redondo Beach apartment complex that might fit the bill. The property is The Waterfront, a 125k sf asset situated on 3.65 acres on the sa...
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• Big Legacy Office Buy is a Matter of Symantecs
3/05/08
by Allen Wolfsheimer
Foster City-based Legacy Partners recently wrapped up a big SoCal office buy, acquiring a vacant 239.3k sf LEED-certified building in Culver City for just under $100 mil ($413/sf). The property, 800 Corporate Pointe, is part ...
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