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Long Beach Shows Its Office Clout

LONG BEACH, CA—The city has all of the qualities office investors look for in a dense urban market—access to public transit, residential development, retail—and the rents are far below its South Bay rivals, GlobeSt.com reports in this EXCLUSIVE story.

By Kelsi Maree Borland | Updated on December 08, 2015

LONG BEACH, CA—Long Beach is finally emerging as a competitor in the Los Angeles office market. Several investors are buying up buildings in the market, noting that the downtown area has all of the characteristics of a live/work/play environment, like Downtown Los Angeles and Playa Vista. Among those characteristics are access to public transit, residential development and retail.

In an earlier story, GlobeSt.com reported that Ocean West Capital Partners and Singerman Group purchased a 200,000-square-foot office building in the submarket. We sat down with Russ Allegrette, a principal at Ocean West Capital Partners again to talk exclusively about the characteristics of Long Beach that are attracting investors, like them. “We like the connection that Long Beach has via public transportation,” Allegrette tells GlobeSt.com. “They city is doing a lot of good things, and so we really see Long Beach emerging as a strong office market.”

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