Los Angeles
Tustin Corporate Center Changes Hands
Harbor Associates acquired the 43,517-square-foot office building from The Bascom Group. The new owner plans to reposition Tustin Corporate through a rebranding and renovation program.
Hudson Pacific to Transform Santa Monica Office Asset
Hudson Pacific Properties is set to reposition a three-story, 44,000-square-foot office building in Santa Monica, Calif. The company plans to invest up to $1.4 million in interior/exterior upgrades.
Santa Ana Office Park Trades for $32.8M
Benchmark Holdings purchased Alton Deere Plaza from TA Associates Realty. At the time of sale, the two-building, 185,245-square-foot property was 96 percent occupied.
NAI Capital Welcomes LA Executive VP
Joseph Gabbaian specializes in sales, acquisitions and leasing of investment, user and redevelopment properties with a special emphasis on West Los Angeles and Santa Monica.
Rexford Snags $36M SoCal Industrial Assets
The two fully leased properties are part of the South Bay and Orange County West submarkets, which had vacancy rates of 0.6 percent at the end of the first quarter of 2017.
Kilroy Realty Taps CIO
Steve Rosetta will oversee the company’s strategic growth, including acquisition and disposition activities, with a specific focus on the company’s development opportunities and large office and life science transactions.
Century City Office Asset Changes Hands
Harbor Associates shelled out $14.7 million for the property previously occupied by the Spanish Broadcasting System. The new owner plans a comprehensive rebranding and renovation program.
LA Clippers Zoning in on Inglewood for New Arena
The basketball team and the City of Inglewood have entered into a three-year exclusive negotiating agreement to explore building a new stadium, training facilities and team offices on a 20-acre site opposite the future Rams stadium.
Mega-Reuse Project Moves Forward in LA
HFF worked on behalf of Atlas Capital and Square Mile to orchestrate a partial sale and refinancing for Row DTLA, a 1.8 million-square-foot redevelopment of a former industrial site in the Arts District.
Greater LA Retail Center Lands $125M Refi
Federal Realty is using the loan for Plaza El Segundo, a 380,558-square-foot shopping mall comprising 13 buildings in the South Bay community.