{"id":1004143010,"date":"2016-04-29T08:11:43","date_gmt":"2016-04-29T16:11:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004143010"},"modified":"2022-03-03T16:12:06","modified_gmt":"2022-03-04T00:12:06","slug":"univision-sells-its-west-coast-hq-to-cbre-global-investors","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/","title":{"rendered":"Univision Sells its West Coast HQ to CBRE Global Investors"},"content":{"rendered":"<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p><strong>Los Angeles<\/strong>\u2014The Univision Building was recently acquired by CBRE Global Investors\u2019 U.S. Managed Accounts Group on behalf of one of its separate account clients. Following the acquisition, an immediate lease-back agreement was completed with seller Univision, with the broadcaster set to occupy the property for the next decade. The transaction total was around $102 million, boiling down to a price of $586 per square foot.<\/p>\n<div id=\"attachment_1004143014\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Univision-Building.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004143014\" data-attachment-id=\"1004143014\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/univision-building\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Univision-Building.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Univision Building\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Univision Building&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Univision-Building.jpg?w=640\" class=\"size-medium wp-image-1004143014\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Univision-Building.jpg\" alt=\"Univision Building\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Univision-Building.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Univision-Building.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004143014\" class=\"wp-caption-text\">Univision Building<\/p><\/div>\n<p>Part of the Howard Hughes Center at 5999 Center Drive, the property offers a total of 174,084 square feet of space. Developed in 2000, the Univision Building is operating at 61.5 percent occupancy, in a highly desirable submarket. The Silicon Beach area of the <a href=\"https:\/\/www.commercialsearch.com\/news\/los-angeles\/\" target=\"_blank\" rel=\"noopener\">L.A. metro<\/a> has become one of the hottest tech areas in the country, amassing companies from a wide variety of sectors such as media, entertainment, electronic gaming, advertising, biomedicine and green tech. The submarket now benefits from a highly educated workforce, a dynamic concentration of tenants, as well as heightened demand for space, and offers proximity to LAX.<\/p>\n<p>The property is home to Univision\u2019s West Coast offices and houses state-of-the-art digital broadcasting equipment, satellite transmission facilities, and SoCal radio stations along with corporate office space. The property\u2019s large floor plates make it attractive to the profile of tenant that the new owner will be looking for. A capital improvements program is slated for the facility as the new owner looks to bolster occupancy. A new lobby, a tenant lounge, and event space, as well as outdoor amenities will be added in a push to attract creative tenants.<\/p>\n<p>Image courtesy of <a href=\"https:\/\/www.yardimatrix.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Yardi Matrix<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Silicon Beach asset was immediately leased back to Univision. <\/p>\n","protected":false},"author":41,"featured_media":1004143014,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1594,21742,21747,21785,15],"tags":[],"class_list":["post-1004143010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-los-angeles","category-latest","category-office","category-property-management","category-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>Univision Sells its West Coast HQ to CBRE Global Investors - 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\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Univision Sells its West Coast HQ to CBRE Global Investors\" \/>\n<meta property=\"og:description\" content=\"The Silicon Beach asset was immediately leased back to Univision.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/\" \/>\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=\"2016-04-29T16:11:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T00:12:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Univision-Building.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\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\\\/univision-sells-its-west-coast-hq-to-cbre-global-investors\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/univision-sells-its-west-coast-hq-to-cbre-global-investors\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"Univision Sells its West Coast HQ to CBRE Global Investors\",\"datePublished\":\"2016-04-29T16:11:43+00:00\",\"dateModified\":\"2022-03-04T00:12:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/univision-sells-its-west-coast-hq-to-cbre-global-investors\\\/\"},\"wordCount\":284,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/univision-sells-its-west-coast-hq-to-cbre-global-investors\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/04\\\/Univision-Building.jpg\",\"articleSection\":[\"Deals\",\"Investment\",\"Los Angeles\",\"News\",\"Office\",\"Property Management\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/univision-sells-its-west-coast-hq-to-cbre-global-investors\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/univision-sells-its-west-coast-hq-to-cbre-global-investors\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/univision-sells-its-west-coast-hq-to-cbre-global-investors\\\/\",\"name\":\"Univision Sells its West Coast HQ to CBRE Global Investors - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/univision-sells-its-west-coast-hq-to-cbre-global-investors\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/univision-sells-its-west-coast-hq-to-cbre-global-investors\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/04\\\/Univision-Building.jpg\",\"datePublished\":\"2016-04-29T16:11:43+00:00\",\"dateModified\":\"2022-03-04T00:12:06+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/univision-sells-its-west-coast-hq-to-cbre-global-investors\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/univision-sells-its-west-coast-hq-to-cbre-global-investors\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/univision-sells-its-west-coast-hq-to-cbre-global-investors\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/04\\\/Univision-Building.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/04\\\/Univision-Building.jpg\",\"width\":640,\"height\":512,\"caption\":\"Univision Building\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/univision-sells-its-west-coast-hq-to-cbre-global-investors\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Univision Sells its West Coast HQ to CBRE Global Investors\"}]},{\"@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\\\/540f0253de89dedaae7684239611b81c\",\"name\":\"Alex Girda\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"caption\":\"Alex Girda\"},\"description\":\"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. 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":"Univision Sells its West Coast HQ to CBRE Global Investors - 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\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/","og_locale":"en_US","og_type":"article","og_title":"Univision Sells its West Coast HQ to CBRE Global Investors","og_description":"The Silicon Beach asset was immediately leased back to Univision.","og_url":"https:\/\/www.commercialsearch.com\/news\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-04-29T16:11:43+00:00","article_modified_time":"2022-03-04T00:12:06+00:00","og_image":[{"width":640,"height":512,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Univision-Building.jpg","type":"image\/jpeg"}],"author":"Alex Girda","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\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/"},"author":{"name":"Alex Girda","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"headline":"Univision Sells its West Coast HQ to CBRE Global Investors","datePublished":"2016-04-29T16:11:43+00:00","dateModified":"2022-03-04T00:12:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/"},"wordCount":284,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Univision-Building.jpg","articleSection":["Deals","Investment","Los Angeles","News","Office","Property Management","West"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/","url":"https:\/\/www.commercialsearch.com\/news\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/","name":"Univision Sells its West Coast HQ to CBRE Global Investors - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Univision-Building.jpg","datePublished":"2016-04-29T16:11:43+00:00","dateModified":"2022-03-04T00:12:06+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Univision-Building.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Univision-Building.jpg","width":640,"height":512,"caption":"Univision Building"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/univision-sells-its-west-coast-hq-to-cbre-global-investors\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Univision Sells its West Coast HQ to CBRE Global Investors"}]},{"@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\/540f0253de89dedaae7684239611b81c","name":"Alex Girda","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","caption":"Alex Girda"},"description":"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. 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\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Univision-Building.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004143010","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\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004143010"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004143010\/revisions"}],"predecessor-version":[{"id":1004570310,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004143010\/revisions\/1004570310"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004143014"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004143010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004143010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004143010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}