Los Angeles
Kilroy Expands SoCal Portfolio With Media-Centric Office Acquisitions
Real estate investment trust Kilroy Realty Corp. has further increased its Southern Californian footprint by completing the acquisition deal for Columbia Square, a Hollywood media campus. The company is also in final stages on the acquisition of Tribeca West, an entertainment-oriented office property in West L.A.
Wells Fargo Inks Decade-Long Renewal Deal With MPG Office Trust
Wells Fargo recently completed a deal to keep it at its current Los Angeles home. The banking giant has finalized a lease renewal with landlord MPG Office Trust, Inc. for space at the Bunker Hill-located Wells Fargo tower. The financial entity will stay on the building’s tenant roster for another 10 years, according to a press statement MPG recently released.
City Planning Commission Approves Hyatt Regency Century Plaza Hotel Redevelopment
By Alex Girda, Associate Editor The efforts of area homeowners, conservation groups and local officials who have championed the Hyatt Regency Century Plaza Hotel’s redevelopment plan have been rewarded. The Los Angeles City Planning Commission recently approved developer Next Century Associates’ comprehensive proposal to turn the hotel they own into a new focal point for […]
Olympic-Bundy Media Campus Trades Hands for $89 Million
By Alex Girda, Associate Editor The Olympic-Bundy Media Campus has been snapped up by Hudson Pacific Properties, Inc. according to a statement the company released via its official website. The company had hinted at this move earlier this year when … Continue reading →
Kemper’s Lincoln Square Development Moves Forward With Building Permits
By Alex Girda, Associate Editor Bellevue’s Lincoln Square expansion project is set to recapture the attention of local developers and officials as the company heading the project recently applied for building permits. Kemper Development Company already has a visible presence in downtown Bellevue through its Bellevue Collection comprising Bellevue Square and Bellevue Place, as well […]
Kilroy Acquires Yet Another Value-Add Office Property
By Alex Girda, Associate Editor Kilroy Realty Corporation recently expanded its Los Angeles office portfolio with the acquisition of a 22-story office building centrally located in Hollywood. The property stands at 6255 Sunset Boulevard, just off the well-known corner of … Continue reading →
$100 Million Residential Development Slated for Little Tokyo
By Alex Girda, Associate Editor With the acquisition of a 1.74-acre lot in L.A.’s Little Tokyo, Irvine-based developer Sares-Regis is moving ahead with its new residential development. The company intends to build a 240-unit premium multifamily community on the site as soon as possible in order to capitalize on downtown L.A.’s housing needs. Bill Montgomery, […]
San Fernando Valley Apartment Community Awaiting New Owner
By Alex Girda, Associate Editor Marcus & Millichap/Institutional Property Advisors is currently marketing a North Hollywood multifamily property for approximately $30 million. The Marquee Apartments is a residential community in the eastern part of the San Fernando Valley community of North Hollywood, at 12300 Sherman Way. The team that is handling the fee-simple interest in […]
Caruso Launches $32M Mixed-Use Complex in West L.A.
By Alex Girda, Associate Editor Caruso Affiliated has started construction of 8500 Burton Way, a mixed-use development at the corner of Burton Way and La Cienega Boulevard in West Los Angeles. The $32 million project will consist of 88 luxury apartment units, plus a 14,000-square-foot Trader Joe’s and a coffee shop on the ground floor. […]
Toll Brothers Plans High-End Community in Lake Forest
By Alex Girda, Associate Editor As luxury locations go, you can’t go much higher than Orange County, Calif., an area whose wealth has been represented in countless movies and TV shows. The high-end lifestyle here has apparently stimulated the imagination of luxury home builder Toll Brothers, Inc., which has just snapped up the rights to develop Baker Ranch, […]