Los Angeles Los Angeles

Glendale's office market is on the verge of a boom. Multifamily and retail have grown tremendously in recent years, and demand is growing for quality creative office space; however, there is a problem: it doesn't exist. Goldman Sachs Private Real Estate, in a joint venture with Cruzan, is filling the void for creative office in Glendale. The firm has acquired 505 N. Brand, a 320,000-square-foot office building in Glendale, and plans to overhaul it into a premium creative office property—the first, it says, to come to Glendale.

“We have been targeting Glendale. We have been searching for the last few years for the right type of property that could be transformed into a high-end, creative building with efficient floor plates and good parking to cater to the tenants trying to find office space to fit their culture and brand,” Joseph Sumberg, Co-Head of GSAM PRE, tells GlobeSt.com. “Our opportunity here is to take an asset that has great bones, great immediate location, great parking and turn it into an open floor creative asset with a great brand. Our goal is going to be to transform the asset and make it into what we believe the office tenants desire in the market and what we think the market is lacking.”

Recommended For You

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.