{"id":1004053439,"date":"2011-05-05T10:20:33","date_gmt":"2011-05-05T18:20:33","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=3067"},"modified":"2020-04-08T10:19:56","modified_gmt":"2020-04-08T18:19:56","slug":"office-property-sales-dominate-los-angeles-real-estate-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/office-property-sales-dominate-los-angeles-real-estate-market\/","title":{"rendered":"Office Property Sales Dominate Los Angeles Real Estate Market"},"content":{"rendered":"<p>By Alex Girda, Associate Editor<\/p>\n<p>Los Angeles&#8217; office sector continues to outperform the rest of the area&#8217;s real estate market, with property sales front and center. Office sales culminated this week with Majestic Investments&#8217; purchase of a San Fernando Valley complex for $49.5 million. Located at 15350 and 15400 Sherman Way, Sherman Plaza is a two-building, 268,000-square-foot Class A asset. Built by Decron Properties in the 1980s, it was sold by Embarcadero Capital Partners. The property is 95 percent\u00a0leased, generating consistent cash flow from tenants such as the State of California Franchise Tax Board and North L.A. County Regional. The property\u2019s on-site parking also generates steady income from monthly agreements with tenants.<\/p>\n<p>Other recent sales have included MPG Office Trust\u2019s disposition of 550 S. Hope in downtown L.A. to LBA Realty, in cooperation with the special servicer on the mortgage loan, according to RenTV (<a href=\"https:\/\/www.rentv.com\/\" target=\"_blank\" rel=\"nofollow\">www.rentv.com<\/a>), which just\u00a0produced\u00a0an overview of the L.A.-area office real estate sector. MPG is now relieved of its obligation to repay a $200 million mortgage loan, along with contractual and default interest.<\/p>\n<p>A smaller sale was that of a Class A office building at 2300 E. Imperial Hwy. in El Segundo. The value of the transaction&#8211;made between a financial services firm, the seller and buyer V.C.I. Corp. of Indonesia&#8211;totaled $25.3 million. The deal for the 1964-built, 157,000-square-foot office complex was mediated by Cushman &amp; Wakefield representatives.<\/p>\n<p>In big leasing deals,\u00a0 OEwaves has expanded in Pasadena by signing a 64-month, $2.7 million contract for 220,000 square feet at 465 N. Almstead St. The military contractor doubled its space in the two-story building owned by Broadreach Capital, which recently upgraded its common areas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Alex Girda, Associate Editor<br \/>\nLos Angeles&#8217; office sector continues to outperform the rest of the area&#8217;s real estate market, with property sales front and center. Office sales culminated this week with Majestic Investments&#8217; purchase of a San Fernando Valley complex [&#8230;]<\/p>\n","protected":false},"author":1269,"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":[39381],"class_list":["post-1004053439","post","type-post","status-publish","format-standard","hentry","category-los-angeles","category-latest","tag-west"],"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>Office Property Sales Dominate Los Angeles Real Estate Market - 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\/office-property-sales-dominate-los-angeles-real-estate-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Office Property Sales Dominate Los Angeles Real Estate Market\" \/>\n<meta property=\"og:description\" content=\"By Alex Girda, Associate Editor Los Angeles&#8217; office sector continues to outperform the rest of the area&#8217;s real estate market, with property sales front and center. Office sales culminated this week with Majestic Investments&#8217; purchase of a San Fernando Valley complex [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/office-property-sales-dominate-los-angeles-real-estate-market\/\" \/>\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=\"2011-05-05T18:20:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-08T18:19:56+00:00\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\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\\\/office-property-sales-dominate-los-angeles-real-estate-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-property-sales-dominate-los-angeles-real-estate-market\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"Office Property Sales Dominate Los Angeles Real Estate Market\",\"datePublished\":\"2011-05-05T18:20:33+00:00\",\"dateModified\":\"2020-04-08T18:19:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-property-sales-dominate-los-angeles-real-estate-market\\\/\"},\"wordCount\":288,\"commentCount\":0,\"keywords\":[\"West\"],\"articleSection\":[\"Los Angeles\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-property-sales-dominate-los-angeles-real-estate-market\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-property-sales-dominate-los-angeles-real-estate-market\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-property-sales-dominate-los-angeles-real-estate-market\\\/\",\"name\":\"Office Property Sales Dominate Los Angeles Real Estate Market - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"datePublished\":\"2011-05-05T18:20:33+00:00\",\"dateModified\":\"2020-04-08T18:19:56+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-property-sales-dominate-los-angeles-real-estate-market\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-property-sales-dominate-los-angeles-real-estate-market\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-property-sales-dominate-los-angeles-real-estate-market\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Office Property Sales Dominate Los Angeles Real Estate Market\"}]},{\"@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\\\/1b82b91678533ae5d40e3240086a42bb\",\"name\":\"the Editors of Commercial Property Executive\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g\",\"caption\":\"the Editors of Commercial Property Executive\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/theeditorsofcommercialpropertyexecutive\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Office Property Sales Dominate Los Angeles Real Estate Market - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/office-property-sales-dominate-los-angeles-real-estate-market\/","og_locale":"en_US","og_type":"article","og_title":"Office Property Sales Dominate Los Angeles Real Estate Market","og_description":"By Alex Girda, Associate Editor Los Angeles&#8217; office sector continues to outperform the rest of the area&#8217;s real estate market, with property sales front and center. Office sales culminated this week with Majestic Investments&#8217; purchase of a San Fernando Valley complex [...]","og_url":"https:\/\/www.commercialsearch.com\/news\/office-property-sales-dominate-los-angeles-real-estate-market\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2011-05-05T18:20:33+00:00","article_modified_time":"2020-04-08T18:19:56+00:00","author":"the Editors of Commercial Property Executive","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/office-property-sales-dominate-los-angeles-real-estate-market\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/office-property-sales-dominate-los-angeles-real-estate-market\/"},"author":{"name":"the Editors of Commercial Property Executive","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb"},"headline":"Office Property Sales Dominate Los Angeles Real Estate Market","datePublished":"2011-05-05T18:20:33+00:00","dateModified":"2020-04-08T18:19:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/office-property-sales-dominate-los-angeles-real-estate-market\/"},"wordCount":288,"commentCount":0,"keywords":["West"],"articleSection":["Los Angeles","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/office-property-sales-dominate-los-angeles-real-estate-market\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/office-property-sales-dominate-los-angeles-real-estate-market\/","url":"https:\/\/www.commercialsearch.com\/news\/office-property-sales-dominate-los-angeles-real-estate-market\/","name":"Office Property Sales Dominate Los Angeles Real Estate Market - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"datePublished":"2011-05-05T18:20:33+00:00","dateModified":"2020-04-08T18:19:56+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/office-property-sales-dominate-los-angeles-real-estate-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/office-property-sales-dominate-los-angeles-real-estate-market\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/office-property-sales-dominate-los-angeles-real-estate-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Office Property Sales Dominate Los Angeles Real Estate Market"}]},{"@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\/1b82b91678533ae5d40e3240086a42bb","name":"the Editors of Commercial Property Executive","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g","caption":"the Editors of Commercial Property Executive"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/theeditorsofcommercialpropertyexecutive\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004053439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1269"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004053439"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004053439\/revisions"}],"predecessor-version":[{"id":1004414035,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004053439\/revisions\/1004414035"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004053439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004053439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004053439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}