Los Angeles
Paragon Closes Largest LA County Retail Deal of 2017
Constructed in the early 1980s, the San Fernando Valley shopping center anchored by Target and Kohl’s traded for roughly $233 per square foot.
Watt Plaza Recertified to LEED Platinum Level
The office asset exceeded its previous Platinum LEED certification by five points. In addition, the property consistently achieved high Energy Star rating every year since 2004, reaching 98 out of 100 this year.
Kennedy Wilson Fund Grabs $144M Office Campus
The two-building, 437,000-square-foot Glendale property is 88 percent leased to 21 tenants including Cigna, also serving as the headquarters for DineEquity and Learner’s Digest International.
Rexford Acquires, Sells Industrial Properties in CA
The company bought Safari Business Center in Ontario for $141.2 million and sold a two-building property at 2535 Midway Drive in San Diego.
Access Industries Nabs Stake in Historic Sunset Boulevard Hotel
JK Hotel Group and Access Industries plan to refurbish the luxury 81-key property’s guest suites and its indoor-outdoor bar and dining area.
Trammell Crow, Clarion Team Up on Cali Logistics Center
RGA Architecture will serve as the project architect and Fullmer Construction is the general contractor. JP Morgan Chase provided financing for the project.
Revamped Glendora Shopping Center Opens Doors
JLL has secured three leases for owner Champion Glendora, bringing total occupancy to 85 percent, prior to completion of the redevelopment in July.
LAX Office Tower Trades
The new owner plans to reposition the asset, with changes including a complete rebranding, cosmetic exterior upgrades, and a full renovation of the lobby and entrance.
Master Plan Set for City Market of LA
The 10-acre site will include buildings ranging from three to 38 stories, offering 945 residential units, 210 hotel rooms, 225,000 square feet of retail, a restaurant, entertainment space and 312,000 square feet of educational facilities.
Matthews Taps SVP, Retail Leasing National Director
Industry veteran Michael Pakravan brings 13 years of leasing experience and will be responsible for rolling out the firm’s retail leasing platform nation-wide.