Regions West | Los Angeles
Charles Dunn Promotes Harris to Senior Director
Susan Harris has been promoted to senior director at Charles Dunn Co., a partner of GVA Worldwide. Based in Los Angeles, she was formerly director of its retail services group.
la project Next Century Plans $2B Mixed-Use Project in Los Angeles
Next Century Associates has unveiled a proposal to build a $2 billion mixed-use property in Los Angeles' Century Plaza, on the current site of the Century Plaza Hotel. The redevelopment proposal entails razing the 19-story hotel and replacing it with a pair of towers.
Delores Conway Report Sees Gloomy 2009 for SoCal CRE
Business closures and slowing trade will negatively affect the office and industrial sectors well into 2009 in Southern California, according to a report released today by the Casden Forecast at the University of Southern California Lusk Center for Real Estate.
Ross Joins Grubb as SVP
Grubb & Ellis Co. announced that 28-year commercial real estate veteran Michael Ross has joined its downtown Los Angeles office as a senior vice president, responsible for investment sales on behalf of institutional and high net worth investors.
Union Bank Plaza Union Bank Signs 345,000-SF Lease Extension in Los Angeles
The Los Angeles office of Hines announced that Union Bank of California has signed a lease extension for approximately 345,000 square feet of office and retail branch space in Union Bank Plaza (pictured).
Centerline Closes $131M Loan Package with Fannie Mae
Centerline Capital Group, a subsidiary of Centerline Holding Company has announced it closed the last of nine multi-family housing loan transactions. All loans were done with Fannie Mae under its DUS program on behalf of a single borrower for a total of $131 million.
Thompson Joins Grubb as SVP, Industrial Group
Grubb & Ellis Co. said today that Jeffrey Thompson has joined its downtown Los Angeles office as a senior vice president with the industrial group.
Meruelo Maddux Tops Off Downtown Los Angeles Project
Meruelo Maddux Properties Inc. has topped off its 35-story residential tower located at 717 W. 9th St. in downtown Los Angeles, it has announced. When completed, it will be downtown's tallest residential building.
$45M Financing Deal in Place for Suburban L.A. Mixed-Use
Originally conceived five years ago, a mixed-use project located 20 miles northwest of downtown Los Angeles in Encino gets a boost with the closing of a $45 million construction-permanent financing deal orchestrated by Newmark Realty Capital Inc. on behalf of one of its servicing correspondents.
Ground Breaks on Healthcare Firm's $50M Production Facility in L.A.
Grifols Inc., the U.S. subsidiary of Barcelona, Spain-based global healthcare company Grifols SA, kicked off development of a new 92,000-square-foot intravenous immune globulin production facility in Los Angeles.
Storm Properties Sells Industrial Portfolio for $52M
Storm Properties sold approximately 545,000 square feet of its industrial real estate portfolio to TA Associates Realty for more than $52 million. A total of 13 industrial properties located in Los Angeles and San Diego counties were sold.
Maguire Closes $100M Financing Deal for L.A. Property
Maguire Properties Inc. has wrapped up $100 million in financing secured by Plaza Las Fuentes, the company's office and hotel property at 135 N. Los Robles Dr. in Pasadena, Calif., about 10 miles northeast of Downtown Los Angeles.
Lowe Enterprises Takes Industrial Facility in Central Los Angeles
Lowe Enterprises Investors, the investment management affiliate of national real estate company Lowe Enterprises, has acquired a 266,000-square-foot industrial distribution facility in central Los Angeles. The $31.5 million acquisition from an institutional owner was made on behalf of an investment client.
Hines Takes California Tower, Two Other Projects Get LEED Certification
With activity from coast to coast in the past few days, Houston-based Hines sold its interest in two Boston properties, as reported by CPN earlier today, and now is earning multiple LEED certifications on two California projects and acquiring Citigroup Center from Broadway Partners in Los Angeles Thursday.
El Capitan For Sale: Historic Hollywood Theater Listed at $31M
Located on the Hollywood Walk of Fame, the El Capitan Building--where Disney premieres each of its new movie releases--was listed for sale Wednesday with an initial price tag of $31 million.
El Portal Buchanan St. Tapped to Orchestrate Financing for $218M L.A. Retail Project
Red Mountain Retail and Allied Retail Partners have selected real estate investment management firm Buchanan Street Partners to structure all necessary capital for the $218.4 million development of El Portal Entertainment Center in South Gate, about 15 miles south of Downtown Los Angeles.
Maguire Completes Second SoCal Office Sale in a Week
Maguire Properties Inc. has closed the books on the disposition of City Plaza, a 324,000-square-foot office building in Orange, Calif. An entity owned by Hudson Capital L.L.C. took the property off Maguire's hands.
Entertainment, Electronic Gaming Firms Boost Play in Los Angeles Office Market
Los Angeles’ newest “it” industry may sport companies with unfamiliar names, but Charles Dunn Co. senior managing director Eugene Page is glad they are calling Los Angeles home.
university gateway Clark Forges Ahead with $134M Contract for Student Housing Project in L.A.
Clark Construction Group-California has commenced work on University Gateway, a 421-unit mixed-use student housing development in Los Angeles, just across from the University of Southern California.
lalive1 L.A. Live Conference Center Topped Out
Schuff Steel Co. has topped out the new conference center that is part of the L.A. Live development in Los Angeles. The 27-acre development began with the construction of the Staples Center where the Lakers play, in 2002.
Maguire Wraps Up $211M Orange County Office Sale
Los Angeles-based Maguire Properties Inc. has closed the disposition of Main Plaza, selling the 607,000-square-foot trophy office complex in Irvine, Calif., to Shorenstein Properties L.L.C for $211 million including the assumption of $161 million of project level financing.
Perkins+Will Hires Two
Perkins+Will announced that Mark Griffith has joined the practice as the local leader of the corporate, commercial and civic market sector.
JLL Arranges Sale of Sheraton Gateway Hotel at LAX
Jones Lang LaSalle Hotels is pleased to announce the sale of the fee simple interest in the Sheraton Gateway Hotel at Los Angeles International Airport on behalf of its owners, Kor Hotel Group and its partners.
Cushman & Wakefield Sonnenblick Goldman Expands U.S. Platform
As the real estate investment market continues to be challenged by credit and liquidity issues, Cushman & Wakefield Sonnenblick Goldman has announced it will expand its U.S. platform into new markets to help meet increasing demand for access to debt and equity capital sources.
Douglas Emmett Nabs $365M Loan
Douglas Emmett Inc. has announced that it has obtained a non-recourse $365 million term loan to refinance the bridge loan that was obtained in connection with the REIT's acquisition of a six-office portfolio on March 26, 2008. This new loan is secured by the six-office portfolio.
 

Commercial Industrial Real Estate in Los Angeles


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