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Vandenberg Air Force Base Military Housing Ends Six-Year Makeover Process

Vandenberg Air Force Base Military Housing Ends Six-Year Makeover Process

The housing component at Vandenberg Air Force Base has received a major boost as the initial development period has finally come to an end. A partnership between Balfour Beatty Communiites LLC and Hensel Phelps Construction Company handled the renovation and construction of new military housing units at the base. The…

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Upscale Gated Community in Century City Set to Expand After Land Deal

Upscale Gated Community in Century City Set to Expand After Land Deal

Located at the corner of Century Park West and Solar Way, the site will house ten 5,000-square-foot homes that will form The Enclave at Century Woods. The development process is set to be fast tracked and construction should begin during the next few months, with completion tentatively set for the…

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New Development in City’s Arts District Set to Reopen Market for Condo Homes

New Development in City’s Arts District Set to Reopen Market for Condo Homes

The Barker Block condo development will become the first new for-sale development in the city for quite some time and will offer 309 residential units to potential buyers in the Arts District. The final phase will include the construction of 68 units for an investment of around $25 million. …

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Two Historic Multifamily Properties Trade Hands as 1920s Charm Makes a Comeback

Two Historic Multifamily Properties Trade Hands as 1920s Charm Makes a Comeback

Los Angeles’ residential market saw a recent upswing in interest for smaller multifamily properties as two deals were completed for properties bearing those traits. South Park Lofts in the South Park district and Avondale Apartments in Hollywood were snapped up by investment firms M West Holdings and Avondale Hollywood LLC,…

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The Desmond will Join Creative Office Building Inventory in L.A.’s South Park District

The Desmond will Join Creative Office Building Inventory in L.A.’s South Park District

The property features 15,600 square foot floor plates throughout, as well as an adjacent surface parking lot which the new owner will use to support the building’s office and retail residents. Renovations will deal with building mechanicals, new windows, brand new interior finishes while keeping the attractive sense of spaciousness…

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Long Beach Senior Affordable Community Finally Holds Groundbreaking

Long Beach Senior Affordable Community Finally Holds Groundbreaking

By Alex Girda, Associate Editor A major step was taken to ensure that an important residential development in Long Beach will have new life following a number of funding delays due to redevelopment legislation. However, the Ramona Park senior affordable housing development has managed to pull through and recently held…

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New Renaissance Hotel will Join Already Impressive Hospitality Roster at L.A. LIVE

New Renaissance Hotel will Join Already Impressive Hospitality Roster at L.A. LIVE

With the new Renaissance Hotel set to begin construction in Q1 of 2014 and a completion date set for 2016, the L.A. LIVE’s surroundings are set to feature a plethora of hospitality options, with 1,844 rooms featuring five different Marriott brands: Ritz-Carlton, Renaissance, JW Marriott, Courtyard and Residence Inn. The…

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Bixby Office Park Acquired for $85 Million; TIAA-CREF Expands Portfolio With Industrial Purchase

Bixby Office Park Acquired for $85 Million; TIAA-CREF Expands Portfolio With Industrial Purchase

It was recently announced that the Bixby Office Park was recently acquired by a private, fully-integrated real estate investment company. Parallel Capital Partners sealed a deal worth approximately $85 million to secure the commercial asset in Seal Beach, CA. This constitutes the largest office transaction in Orange County in 2013.…

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Creative Office Building in Santa Monica Secures Refinancing Deal as Silicon Beach Concept Gains Traction

Creative Office Building in Santa Monica Secures Refinancing Deal as Silicon Beach Concept Gains Traction

2700 Pennsylvania Avenue is a 62,000-square foot creative office building that will benefit from its proximity to the upcoming Bergamot Station on the Expo Light Rail line, when it opens in 2015. The building has a 100 percent occupancy rate with its two lease holders being popular names Yahoo! and…

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SKECHERS Distribution Center Becomes Largest LEED Gold Building in the U.S.

SKECHERS Distribution Center Becomes Largest LEED Gold Building in the U.S.

A distribution center operated by SKECHERS, the footwear manufacturing company, was recently officially certified LEED Gold by the U.S. Green Building Council. The certification makes the facility largest LEED-certified building in the entire country to have achieved Gold status. According to SKECHERS CEO and CFO David Weinberg, the company “is…

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Microsoft Strengthens Retail and Office Presence in Westside Tech Submarket

Microsoft Strengthens Retail and Office Presence in Westside Tech Submarket

By Alex Girda, Associate Editor As Microsoft continues its steady expansion into the retail world, the company is also gaining a stronger footing in major tech hubs. With upcoming real estate deals the Redmond, WA-based tech giant has lined up, it is poised to expand its Los Angeles office space…

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Hyatt to Take Over as Operator for L.A. Hotel Downtown as Hospitality Giant Continues L.A. Push

Hyatt to Take Over as Operator for L.A. Hotel Downtown as Hospitality Giant Continues L.A. Push

L.A. Hotel Downtown is a 491-key hospitality property in the central part of Los Angeles, and the move by Hyatt to take over as operator of the facility is part of a more aggressive stance the hotel operator has been enforcing in the greater Los Angeles area. It was recently…

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