Los Angeles
TCC, Clarion to Develop Greater LA Business Park
The Center at Needham Ranch in Santa Clarita is the first of two development phases of a fully entitled site approved for as much as 4.2 million square feet of Class A industrial space.
HFF Closes LAX Doubletree Sale and Financing
Umbrella Hotel Group purchased the 216-key hotel in El Segundo, Calif. HFF marketed the property on behalf of the seller and secured a mezzanine loan for the buyer.
Lowe, Partners Kick Off $300M Culver City Development
Co-developer AECOM Capital and an investment vehicle sponsored by Rockwood Capital are also part of the Los Angeles-area transit-oriented project.
University Research Park Welcomes New Tenant
Digital Map Products will relocate its corporate headquarters by the end of the year. In the move, the provider of cloud-based location technology will nearly double its current square footage.
San Gabriel Sheraton Hotel Design Revealed
Kollin Altomare Architects designed the 288-key property slated for completion by fall 2017, with interior design from Cheng Chung Design and Whitespace Interiors.
Hollywood Mixed-Use Asset Changes Hands
A New York City-based private investor acquired a 7,000-square-foot retail and office building in Hollywood, Calif. At the time of sale, the property was fully leased.
Matthews Adds Daniel Withers as SVP
Industry veteran Daniel Withers brings more than 18 years of experience. He will continue the strategic expansion of the company’s footprint.
Celebrating 30: Robert Maguire Shapes DTLA
We’re celebrating our 30th anniversary by highlighting some of the most significant events in commercial real estate’s history. This week: Developer Robert Macguire III’s impact on downtown LA. Stay tuned for our weekly posts and follow along with us using the hashtag #CPETurns30.
Dedeaux Breaks Ground on LA Industrial Campus
Dubbed Echelon Business Park, the 247,000-square-foot development will comprise seven free-standing buildings ranging from 27,438 to 43,166 square feet.
Economy Watch: Slowing Development in CA May Point to Nationwide Issue
Despite positive economic data like low unemployment and income increases, all property types are expected to see a construction slowdown in the Golden State, according to the recently released Allen Matkins/UCLA Anderson forecast.