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WESTWOOD, CA-The office building on Santa Monica Boulevard is 32% vacant. The four-story, steel-frame structure was built in 1985. A remodel is planned.
WOODLAND HILLS, CA-The Irvine, Calif.-based brokerage picks up four Told Partners brokers to open an office that will specialize in office property investment deals.
LOS ANGELES, CA-The market has maintained stable vacancy rates despite the weaker economy, but rent growth slowed in the second quarter and demand was lackluster, according to a quarterly study by Hendricks & Partners.
VAN NUYS, CA-The buyer is doubling the size of his business from current operations in Burbank, Calif. The building is in a new business park crafted from a former aerospace facility.
LOS ANGELES, CA-Superior Court Judge David Yaffe decided against the Los Angeles-based real estate investment trust in its bitterly fought battle with Thomas Properties over a proposed development in El Segundo.
WEST LOS ANGELES, CA-In a $3.7-million deal, Immortal Entertainment Group signs on for space in Kilroy Realty Corp.'s Westside Media Center at Olympic Boulevard and Bundy Drive.
LOS ANGELES-Starpoint Properties acquires the apartments in three Mid-Wilshire buildings for an average of $27,178 per unit and plans renovations in a value-added play.
MARINA DEL REY, CA-For the highest price ever paid for an apartment community in Los Angeles County, SSR Realty Advisors and one of its clients pick up a 583-unit complex in Marina Del Rey. Apartments here average 854 square feet with an average rent of $1,671 per month.
WOODLAND HILLS, CA-The insurance company takes 30,000 sf of space in a Warner Center office park owned by the REIT. The move will combine and expand two existing claims offices in Woodland Hills and Ventura.
WEST HOLLYWOOD, CA-The three-story building is located at 8335 Sunset Blvd. The new owner plans to refurbish the structure. Brokers on the deal say the property drew six offers in excess of the $2.6 million asking price.