Regions West | Los Angeles
As Big Ticket Sales Stall, Mid-Range Deals Still Drawing Interest, Funding
May 27, 2009
The big-ticket office deals are few and far between these days, even in the leading markets, but properties with more palatable price tags, like a 200,000-square-foot office complex in the Los Angeles area, are finding buyers. Real estate and entertainment law firm Greenberg Glusker has snapped up just such a property in El Segundo, Calif., on behalf of a client for $26.6 million, relying on $22 million in financing from Bank of America N.A. to facilitate the acquisition.
The Expert: Los Angeles Slumps Under Recession
May 12, 2009
Los Angeles County’s industrial sector experienced the largest amount of negative net absorption in the first quarter compared to all other industrial markets, with negative 8.8 million square feet. This is the largest quarterly hit to occupied space in the metropolitan area since the first quarter of 1990.
Despite Economy, Plans Move Ahead for $1B L.A. Mixed-Use
April 06, 2009
What recession? Even in bustling Los Angeles, demand for office, condo and hotel space has plunged, but Thomas Properties Group, which was just selected by Korean Air to develop the airline company's $1 billion mixed-use project in the city, is undaunted by today's economic conditions and hopeful about the future.
Maguire Whittles Down Debt with Another Move in Sell-Off Plan
March 30, 2009
Continuing its quest to increase liquidity and reduce debt through the sale of non-core assets in Orange County, Calif., office landlord Maguire Properties Inc. has just taken another step in its disposition program. The struggling Los Angeles-based REIT, whose financial woes first began to surface soon after its $3 billion acquisition of a former Equity Office Properties Trust portfolio from Blackstone Real Estate Advisors two years ago, has closed the $22 million sale of an 86,000-square-foot office building in Irvine to building tenant Allergan Inc.
Charles Dunn Promotes Harris to Senior Director
Dec. 22, 2008
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.
Next Century Plans $2B Mixed-Use Project in Los Angeles
Dec. 19, 2008
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.
Report Sees Gloomy 2009 for SoCal CRE
Dec. 12, 2008
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
Dec. 04, 2008
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.
Commercial Industrial Real Estate in Los Angeles
Securing a commercial real estate loan is a must if you have your eye on a hot commercial property for sale. The Los Angeles real estate market is competitive and hectic, so having an advantage can help you develop a higher degree of success. Look to the real estate magazine that is dedicated to serving those within commercial industrial real estate - Commercial Property News.
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