{"id":1004209329,"date":"2018-03-07T11:42:33","date_gmt":"2018-03-07T19:42:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004209329"},"modified":"2022-12-07T05:40:12","modified_gmt":"2022-12-07T13:40:12","slug":"jv-to-transform-la-mall-into-office-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-to-transform-la-mall-into-office-property\/","title":{"rendered":"JV to Transform LA Mall into Office Property"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004209337\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Westside-Pavilion-Los-Angeles.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004209337\" data-attachment-id=\"1004209337\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-to-transform-la-mall-into-office-property\/westside-pavilion-los-angeles\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Westside-Pavilion-Los-Angeles.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;IvyLee Rosario&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1520336461&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;1&quot;}\" data-image-title=\"Westside Pavilion, Los Angeles\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Westside Pavilion, Los Angeles&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Westside-Pavilion-Los-Angeles.jpg?w=800\" class=\"wp-image-1004209337 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Westside-Pavilion-Los-Angeles.jpg\" alt=\"Westside Pavilion, Los Angeles\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Westside-Pavilion-Los-Angeles.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Westside-Pavilion-Los-Angeles.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Westside-Pavilion-Los-Angeles.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004209337\" class=\"wp-caption-text\">Westside Pavilion, Los Angeles<\/p><\/div>\n<p>Hudson Pacific Properties and Macerich have formed a joint venture to transform the Westside Pavilion mall into a state-of-the-art creative <a href=\"https:\/\/www.commercialsearch.com\/news\/hudson-pacific-inks-102-ksf-hollywood-lease-renewal\/\">office space\u00a0in Los Angeles<\/a>. The joint venture will be held 75 percent by Hudson Pacific and 25 percent by Macerich. The project is scheduled for completion by mid-2021.\u00a0<\/p>\n<p>Of the property&#8217;s total 600,000 square feet, 500,000 square feet will be changed to offer office accommodations, while 100,000 square feet will be retained to continue housing the existing entertainment retail space. The companies project a cost in the range of $425 million to $475 million for the redevelopment. Hudson Pacific will serve as Managing Member for the joint venture and the property&#8217;s day-to-day operator and developer.\u00a0<\/p>\n<p><em>\u201cWestside Pavilion is a perfect opportunity for us to reposition a marquee asset in a premier location\u2014this is what we do best,&#8221;<\/em>\u00a0Victor Coleman, chairman &amp; CEO of Hudson Pacific Partners, said in prepared remarks. <em>&#8220;The\u00a0<\/em><em>project is poised to capture the strong demand from tenants for creative office space on the west side of Los Angeles. We look forward to working with Macerich and to making our signature improvements to the property, which we believe will greatly benefit the surrounding community.\u201d<\/em><\/p>\n<p>Westside Pavilion is located within close proximity to interstates 405 and 10, and in walking distance from the Expo Line light rail\u2019s Westwood\/Rancho Park station. The property is adjacent to the residential enclave of Cheviot Hills and less than three miles from the business and residential communities of Century City, Westwood, Culver City, Mar Vista and Brentwood.\u00a0<\/p>\n<p><em>Image courtesy of Google Street View\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hudson Pacific Properties and Macerich will redevelop 500,000 square feet of Westside Pavilion into creative office space, reserving 100,000 square feet for its existing entertainment retail space. <\/p>\n","protected":false},"author":746,"featured_media":1004209337,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21783,1594,21742,21747,21749,15],"tags":[33176,32958,34631],"class_list":["post-1004209329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-investment","category-los-angeles","category-latest","category-office","category-retail","category-west","tag-hudson-pacific-properties-inc","tag-macerich","tag-victor-coleman"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"JV to Transform LA Mall into Office Property - 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\/jv-to-transform-la-mall-into-office-property\/","og_locale":"en_US","og_type":"article","og_title":"JV to Transform LA Mall into Office Property","og_description":"Hudson Pacific Properties and Macerich will redevelop 500,000 square feet of Westside Pavilion into creative office space, reserving 100,000 square feet for its existing entertainment retail space.","og_url":"https:\/\/www.commercialsearch.com\/news\/jv-to-transform-la-mall-into-office-property\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-03-07T19:42:33+00:00","article_modified_time":"2022-12-07T13:40:12+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Westside-Pavilion-Los-Angeles.jpg","type":"image\/jpeg"}],"author":"IvyLee Rosario","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/jv-to-transform-la-mall-into-office-property\/","url":"https:\/\/www.commercialsearch.com\/news\/jv-to-transform-la-mall-into-office-property\/","name":"JV to Transform LA Mall into Office Property - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/jv-to-transform-la-mall-into-office-property\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/jv-to-transform-la-mall-into-office-property\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Westside-Pavilion-Los-Angeles.jpg","datePublished":"2018-03-07T19:42:33+00:00","dateModified":"2022-12-07T13:40:12+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/jv-to-transform-la-mall-into-office-property\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/jv-to-transform-la-mall-into-office-property\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/jv-to-transform-la-mall-into-office-property\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Westside-Pavilion-Los-Angeles.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Westside-Pavilion-Los-Angeles.jpg","width":800,"height":620,"caption":"Westside Pavilion, Los Angeles"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/jv-to-transform-la-mall-into-office-property\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"JV to Transform LA Mall into Office Property"}]},{"@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\/f2094ece0e063845f848c7f1c7b84780","name":"IvyLee Rosario","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","caption":"IvyLee Rosario"},"description":"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. 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