{"id":1004126057,"date":"2015-08-25T08:55:27","date_gmt":"2015-08-25T16:55:27","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=359143"},"modified":"2022-03-02T23:03:23","modified_gmt":"2022-03-03T07:03:23","slug":"l-a-county-wont-transfer-from-lax-area-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/l-a-county-wont-transfer-from-lax-area-asset\/","title":{"rendered":"L.A. County Won\u2019t Transfer from LAX-Area Asset"},"content":{"rendered":"<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p>The LAX real estate submarket recently recorded a major leasing deal, as the area continues to transform. <a href=\"https:\/\/www.lacounty.gov\/\" target=\"_blank\" rel=\"noopener\">The County of Los Angeles<\/a>\u00a0renewed its agreement with landlord <a href=\"https:\/\/www.jmeagle.com\/\" target=\"_blank\" rel=\"nofollow noopener\">JM Eagle<\/a>, and is set to stay on the tenant roster at the company\u2019s building on W. Century Boulevard near the Los Angeles International Airport.<\/p>\n<div id=\"attachment_359144\" class=\"wp-caption alignright\" style=\"width: 160px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/chris-runyen.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-359144\" title=\"chris runyen\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/chris-runyen.jpg\" alt=\"Chris Runyen - Senior Managing Director, Charles Dunn Company \" width=\"150\" height=\"200\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Chris Runyen &#8211; Senior Managing Director, Charles Dunn Company<\/p>\n<\/div>\n<p>Inked for an additional five years, the leasing agreement means that the county will continue to occupy its 50,100 square feet of space at the JM Eagle building. The value of the loan is estimated at around $6 million. According to rentv.com, the tenant chose to represent itself during the leasing process, while the owner, a company dealing with PVC pipe manufacturing, was represented by <a href=\"https:\/\/www.charlesdunn.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Charles Dunn Company<\/a>.<\/p>\n<p>Located at 5200 W. Century Blvd, the 10-story building offers a total of around 325,000 square feet of office space. Offering proximity to the 405 and 105 freeways, the property also offers proximity to LAX. The building has seen a spike in leasing over the past 12 months, with its occupancy rate climbing from 60 to 70 percent over that interval, part of the overall trend in the submarket. According to Chris Runyen of Charles Dunn Company, the market has become \u201ca less costly alternative to El Segundo, Playa Vista, and Silicon Beach.\u201d<\/p>\n<p>Image courtesy of\u00a0<em>charlesdunn.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The LAX real estate submarket recently recorded a major leasing deal, as the area continues to transform.<\/p>\n","protected":false},"author":41,"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-1004126057","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 v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>L.A. County Won\u2019t Transfer from LAX-Area Asset - 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\/l-a-county-wont-transfer-from-lax-area-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"L.A. 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Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/alex-girda\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"L.A. County Won\u2019t Transfer from LAX-Area Asset - 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\/l-a-county-wont-transfer-from-lax-area-asset\/","og_locale":"en_US","og_type":"article","og_title":"L.A. 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