{"id":1004053406,"date":"2012-02-20T14:49:27","date_gmt":"2012-02-20T22:49:27","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=35016"},"modified":"2022-12-09T01:47:35","modified_gmt":"2022-12-09T09:47:35","slug":"playa-del-rey-to-get-first-new-office-complex-in-20-years","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/playa-del-rey-to-get-first-new-office-complex-in-20-years\/","title":{"rendered":"Playa del Rey to Get First New Office Complex in 20 Years"},"content":{"rendered":"<p>By Alex Girda, Associate Editor<\/p>\n<p>Playa del Rey will get its first new office complex in 20 years\u2014The Strand Offices at Playa del Rey, a two-building complex at 311 and 315 Culver Boulevard.<\/p>\n<p>At 10,000 square feet, the property will be modest in size, yet developer Cove Spring Partners L.P. is counting on the property\u2019s location adjacent to the Ballona Wetlands Preserve and a distinctive look to attract tenants. The design by Studio City-based MIKA design group Inc. calls for outdoor decks, natural materials and ample use of\u00a0 glass that will offer marina views, RENTV.com reported.\u00a0\u00a0Cove Spring Partners is\u00a0 handling leasing in house for the property, which is scheduled to open in 2013.<\/p>\n<p>In other real estate news, the L.A. area\u2019s luxury home market recorded some winners and losers in 2011. According\u00a0\u00a0to DataQuick, Hermosa Beach enjoyed the top improvement to its median home price\u201415.8 percent, the <em>Los Angeles Times\u00a0<\/em> reported. Bel-Air saw a 14.3 percent improvement, but San Marino sustained a\u00a0 7.2 setback. Also dropping were the median values of transactions in Santa\u00a0 Monica (8.5 percent), Pacific Palisades (7.8) and Manhattan Beach (4.9 percent).<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Alex Girda, Associate Editor<br \/>\nPlaya del Rey will get its first new office complex in 20 years\u2014The Strand Offices at Playa del Rey, a two-building complex at 311 and 315 Culver Boulevard.<br \/>\nAt 10,000 square feet, the property will be modest in size, yet developer Cove Spring Partners L.P. is counting on the property\u2019s location adjacent [&#8230;]<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1594,21742],"tags":[],"class_list":["post-1004053406","post","type-post","status-publish","format-standard","hentry","category-los-angeles","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Playa del Rey to Get First New Office Complex in 20 Years - 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\/playa-del-rey-to-get-first-new-office-complex-in-20-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Playa del Rey to Get First New Office Complex in 20 Years\" \/>\n<meta property=\"og:description\" content=\"By Alex Girda, Associate Editor Playa del Rey will get its first new office complex in 20 years\u2014The Strand Offices at Playa del Rey, a two-building complex at 311 and 315 Culver Boulevard. At 10,000 square feet, the property will be modest in size, yet developer Cove Spring Partners L.P. is counting on the property\u2019s location adjacent [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/playa-del-rey-to-get-first-new-office-complex-in-20-years\/\" \/>\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=\"2012-02-20T22:49:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:47:35+00:00\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\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\\\/playa-del-rey-to-get-first-new-office-complex-in-20-years\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/playa-del-rey-to-get-first-new-office-complex-in-20-years\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Playa del Rey to Get First New Office Complex in 20 Years\",\"datePublished\":\"2012-02-20T22:49:27+00:00\",\"dateModified\":\"2022-12-09T09:47:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/playa-del-rey-to-get-first-new-office-complex-in-20-years\\\/\"},\"wordCount\":193,\"commentCount\":0,\"articleSection\":[\"Los Angeles\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/playa-del-rey-to-get-first-new-office-complex-in-20-years\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/playa-del-rey-to-get-first-new-office-complex-in-20-years\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/playa-del-rey-to-get-first-new-office-complex-in-20-years\\\/\",\"name\":\"Playa del Rey to Get First New Office Complex in 20 Years - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"datePublished\":\"2012-02-20T22:49:27+00:00\",\"dateModified\":\"2022-12-09T09:47:35+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/playa-del-rey-to-get-first-new-office-complex-in-20-years\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/playa-del-rey-to-get-first-new-office-complex-in-20-years\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/playa-del-rey-to-get-first-new-office-complex-in-20-years\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Playa del Rey to Get First New Office Complex in 20 Years\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\",\"name\":\"Anca Gagiuc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"caption\":\"Anca Gagiuc\"},\"description\":\"Anca Gagiuc brings more than a decade of experience within the real estate industry. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who also writes monthly multifamily reports at Yardi Matrix. 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