Los Angeles

By Alex Girda, Associate Editor
Playa del Rey will get its first new office complex in 20 years—The Strand Offices at Playa del Rey, a two-building complex at 311 and 315 Culver Boulevard.
At 10,000 square feet, the property will be modest in size, yet developer Cove Spring Partners L.P. is counting on the property’s location adjacent […]

By Alex Girda, Associate Editor
Related California, an affiliate of the Related Cos.,  started construction Feb. 16 on a $350 million mixed-use project in the seaside city of Santa Monica. Dubbed the Village at Santa Monica, the project is scheduled for completion in 2011 and  will incorporate 318 luxury condominium units and affordable rental apartments feature around […]

By Alex Girda, Associate Editor
In a $23 million deal, Milan Capital Management has acquired Santa Fe Springs Promenade from F.J. Hanshaw properties, rentv.com reports. Built out over three decades, the 115,000-square-foot retail center was 90 percent occupied when the transaction […]

By Alex Girda, Associate Editor
Normandy Real Estate Partners has recapitalized the home of NBCUniversal to the tune of $355 million, the company disclosed Jan 17. Through a joint venture with Morgan Stanley Real Estate Investing, Normandy struck a deal to […]

By Alex Girda, Associate Editor
Even in the face of a downturn, some trends remain ever-present in the Los Angeles residential market. Take the demand for high-end condominium and detached residential properties. As the annual Swanepoel Trends Report notes, the luxury […]

By Alex Girda, Associate Editor
A noted Beverly Hills office property recently changed hands when CIM Group purchased the former headquarters of the William Morris talent agency from New York-based investment firm Brickman for $47.8 million, according to the Hollywood Reporter. […]

By Alex Girda, Associate Editor
Houston-based investment management firm Lionstone Group has expanded its footprint in the Los Angeles office market recently with the $90 million acquisition of five new-wave properties in the oceanside community of Santa Monica, Calif.
 The “creative office buildings”, […]

By Alex Girda, Associate Editor
CIM Group, a specialist in investing in and developing urban properties, has sold its Hollywood Boulevard headquarters to Hudson Pacific Properties Inc. Hudson Pacific bought the 12-story office building at 6922 Hollywood Boulevard for $92.5 million, the Los Angeles […]

By Alex Girda, Associate Editor
All is fair in love and development, or at least this seems to be suggested by an open conflict between two student housing development companies active in the Los Angeles area. Conquest Student Housing stands as […]