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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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Mill Creek Residential Announces New Glendale Luxury Apartment Community

Mill Creek Residential Announces New Glendale Luxury Apartment Community

Located at 610, N, Central Avenue, the site will be the home of a new, six-story, mid-rise, high-end apartment structure, one of the first properties of its kind for the developer. Resident amenities will include an underground parking facility, a resort-style pool and spa, an around-the-clock fitness center and yoga…

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Woodbridge Capital Partners, Oaktree Capital Management to Redevelop Century Plaza Hotel

Woodbridge Capital Partners, Oaktree Capital Management to Redevelop Century Plaza Hotel

The project calls for a two-tower residential complex that will also feature a 100,000 square-foot plaza featuring retail space and dining area. Two acres of land would be transformed into public open space that would feature fountains and courtyards. Pei Cobb Freed’s project designs also include the restoration of Century…

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Mixed-Use Development Announced for Palms Neighborhood

Mixed-Use Development Announced for Palms Neighborhood

L.A.’s Palms submarket has seen its fair share of turmoil but important changes are slated for the Westside neighborhood after a recent report announces a new mixed-use development. Frost/Chaddock Developers has announced that work has commenced at its $30 million Palms apartment community that will use the proximity of a…

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Hines Lines Up Transit-Oriented Multifamily Development in Pasadena After Completing Land Deal

Hines Lines Up Transit-Oriented Multifamily Development in Pasadena After Completing Land Deal

A new multifamily development is set to take shape in Pasadena after international real estate firm Hines recently announced that it has acquired a patch of land on which it intends to develop a residential community. The company will develop a for-rent residential complex in a submarket that it has…

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Caruso Targets a Host of Properties in Central Pacific Palisades for Renovation and Rebranding

Caruso Targets a Host of Properties in Central Pacific Palisades for Renovation and Rebranding

The central properties seem to have cost Caruso a total amount in the $40-$50 million range. However, the financial terms of the transaction were not disclosed to the media and an accurate number is currently not available. Most of the properties are currently tenant-free and are 50-60 years old, making…

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Culver City Creative Office Campus Development Breaks Ground

Culver City Creative Office Campus Development Breaks Ground

A new Culver City office campus officially broke ground recently when developer Hackman Capital Partners LLC kicked off the construction of its WorkScapes at the Hayden Tract facility. The project includes the renovation and conversion of three different industrial buildings, operation for which the company has also recently secured a…

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Culver City Creative Office Campus Development Breaks Ground

Culver City Creative Office Campus Development Breaks Ground

A new Culver City office campus officially broke ground recently when developer Hackman Capital Partners LLC kicked off the construction of its WorkScapes at the Hayden Tract facility. The project includes the renovation and conversion of three different industrial buildings, operation for which the company has also recently secured a…

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Chinatrust Bank Moves HQ to 801 Tower As It Plans Expansion

Chinatrust Bank Moves HQ to 801 Tower As It Plans Expansion

Taiwan-based Chinatrust Bank is set to move its headquarters after an announcement regarding a new leasing deal was made by company officials recently. The financial entity will move its operations from its current Torrance HQ to the new location, in 801 Tower, in the financial neighborhood set up just north…

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