Los Angeles
Wanda Group to Build $1.2B MXD in LA
Chinese conglomerate the Wanda Group has outbid numerous other parties for a prime site in Beverly Hills, on which it plans to build a mixed-use project.
Parallel Acquires 384 KSF LA Area Office Tower for $102M
Parallel Capital Partners has completed a $102 million purchase of Shoreline Square in Long Beach, Calif., marking its second office acquisition in the region in just two weeks.
Mack Urban, AECOM Acquire Six Acres in Los Angeles CBD
Mack Urban and AECOM Capital have teamed to acquire six acres of land in downtown Los Angeles’ South Park district, on which they plan to build a new mixed-use neighborhood.
New Mixed-Use Project Coming to Glendale, Bringing Residential Units to Growing Market
Yet another mixed-use development is popping up in the L.A. real estate market as Camden USA recently announced the groundbreaking of the Glendale Triangle project. The developer is bringing a brand new construction that will add new residential units to the Glendale submarket. According to the developers, the project will be aimed at Gen Y residents and will include a number of resident amenities to attract the young crowds to the Tri-Cities area.
The Desmond will Join Creative Office Building Inventory in L.A.’s South Park District
The property features 15,600 square foot floor plates throughout, as well as an adjacent surface parking lot which the new owner will use to support the building’s office and retail residents. Renovations will deal with building mechanicals, new windows, brand new interior finishes while keeping the attractive sense of spaciousness and rooftop views. The location is in close proximity to the city’s Metro rail system, Downtown Dash Bus station and major roadways. Additionally, local authorities are pondering restoring the Downtown Streetcar service which would have a stop just next to The Desmond. Leasing operations for the building are already underway
New Renaissance Hotel will Join Already Impressive Hospitality Roster at L.A. LIVE
With the new Renaissance Hotel set to begin construction in Q1 of 2014 and a completion date set for 2016, the L.A. LIVE’s surroundings are set to feature a plethora of hospitality options, with 1,844 rooms featuring five different Marriott brands: Ritz-Carlton, Renaissance, JW Marriott, Courtyard and Residence Inn. The venues will ensure that visitors will be ensured a palette of choices for accommodation when checking out one of the many attractions of the entertainment district: STAPLES Center, the Los Angeles Convention Center, Nokia Theatre L.A. LIVE, Regal Cinemas and the GRAMMY Museum.
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