{"id":1004036613,"date":"2012-02-16T06:33:01","date_gmt":"2012-02-16T14:33:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004036613"},"modified":"2022-12-06T04:12:49","modified_gmt":"2022-12-06T12:12:49","slug":"jll-to-handle-leasing-efforts-for-510-ksf-california-office-complex","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-to-handle-leasing-efforts-for-510-ksf-california-office-complex\/","title":{"rendered":"JLL to Handle Leasing Efforts for 510 KSF California Office Complex"},"content":{"rendered":"

February 16, 2012<\/strong>
\nBy Nicholas Ziegler, News Editor<\/em>
\n\"\"<\/a><\/p>\n

LNR Property L.L.C., the owner of Warner Center IV in Woodland Hills, Calif., has tapped services firm Jones Lang LaSalle Inc. to lease the 509,923-square-foot Class A office complex. The building is currently 48 percent leased to tenants including Intuit Inc. and Wells Fargo.<\/p>\n

With conditions in the Los Angeles area looking to turn around, the firm is poised to ride a wave of positive motion in the office sector. According to JLL\u2019s internal research, while the city\u2019s near-12 percent unemployment rate still remains above the national average of 8.6 percent and office vacancy sits at 18 percent, \u201cthere are indications that the commercial office market in Los Angeles has definitely turned the corner in the last six months.\u201d<\/p>\n

\u201cAs long as all major employer head counts in the L.A. North market remain stable, I believe the office market will remain stable as well,\u201d Ryan House, vice president with JLL, told Commercial Property Executive<\/em>. \u201cThere seems to be a slight increase in activity within the market, however it is too early to tell whether actual tenant relocations will increase from years past, when renewals were a more common occurrence.\u201d<\/p>\n

House went on to mention that he, along with co-leasing partner Dan Sanchez, an executive vice president with JLL, will be targeting leases ranging from 5,000 to 200,000 square feet for tenants that \u201cmay benefit by relocating to the most highly efficient office project in the L.A. North market.\u201d<\/p>\n

JLL has been busy racking up leasing assignments of late. Last week, the firm was awarded a contract for the 1 million-square-foot, Class A tower at 1177 Avenue of the Americas<\/a> in Manhattan by building co-owners Silverstein Properties and California State Teachers\u2019 Retirement System.<\/p>\n","protected":false},"excerpt":{"rendered":"

LNR Property L.L.C., the owner of Warner Center IV in Woodland Hills, Calif., has tapped services firm Jones Lang LaSalle Inc. to lease the 509,923-square-foot Class A office complex.<\/p>\n","protected":false},"author":1201,"featured_media":1004038882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21781,21808,21742,21747,15],"tags":[],"class_list":["post-1004036613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-corporate-real-estate","category-featured","category-latest","category-office","category-west"],"acf":[],"yoast_head":"\nJLL to Handle Leasing Efforts for 510 KSF California Office Complex - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jll-to-handle-leasing-efforts-for-510-ksf-california-office-complex\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL to Handle Leasing Efforts for 510 KSF California Office Complex\" \/>\n<meta property=\"og:description\" content=\"LNR Property L.L.C., the owner of Warner Center IV in Woodland Hills, Calif., has tapped services firm Jones Lang LaSalle Inc. to lease the 509,923-square-foot Class A office complex.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-to-handle-leasing-efforts-for-510-ksf-california-office-complex\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-02-16T14:33:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T12:12:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/02\/021612-LNR-Warner-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"524\" \/>\n\t<meta property=\"og:image:height\" content=\"357\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-to-handle-leasing-efforts-for-510-ksf-california-office-complex\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-to-handle-leasing-efforts-for-510-ksf-california-office-complex\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"JLL to Handle Leasing Efforts for 510 KSF California Office Complex\",\"datePublished\":\"2012-02-16T14:33:01+00:00\",\"dateModified\":\"2022-12-06T12:12:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-to-handle-leasing-efforts-for-510-ksf-california-office-complex\\\/\"},\"wordCount\":297,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-to-handle-leasing-efforts-for-510-ksf-california-office-complex\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/02\\\/021612-LNR-Warner-Center.jpg\",\"articleSection\":[\"Brokerage\",\"Corporate Real Estate\",\"Featured\",\"News\",\"Office\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-to-handle-leasing-efforts-for-510-ksf-california-office-complex\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-to-handle-leasing-efforts-for-510-ksf-california-office-complex\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-to-handle-leasing-efforts-for-510-ksf-california-office-complex\\\/\",\"name\":\"JLL to Handle Leasing Efforts for 510 KSF California Office Complex - 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