Tag Archive: beverly hills

Century City’s Westfield Mall Gets $700 Million Facelift

West Los Angeles commercial real estate for lease

And what a facelift it is!  The revamped mall will feature an additional 422,000 square feet of new retail space with an additional 70 Los Angeles commercial real estate net leased, world class luxury retailers or restaurants for a total of 220 retailers and restaurateurs. There will be eight acres of outdoor space including a…

Big Mixed Use Project at Sunset and Crescent Heights Sure to Provoke a NIMBY Fight

los angeles commercial real estate for lease

This might be one that the NIMBYs will lose trying to derail this giant mixed use project at 8150 Sunset at the corner of Sunset and Crescent Heights to replace the old Garden of Allah estate. The project has received designation as a California Environmental Leadership Development Project, which means that any litigation against to…

1031 Exchange – Retail – Client Requirement $1.6 to $3.2 Million

IRS Section 1031 need for replacement property. Exchanger in day 4 of 45 day identification period from closing relinquished property looking for triple net retail or absolute net retail, $1.6 mil to $3.2 mil. Exchanger prefers California triple net commercial real estate for sale , but will consider out of state. Must be credit tenant,…

Client Need for West Los Angeles Office building for Purchase

Client buyer need for office building in the $5,000,000 to $12,000,000 range to buy with fast close. Client needs to owner occupy 1,500 to 2,000 square feet of the building with the remainder net leased or modified gross office. Looking west from downtown Los Angeles, west of the Harbor Freeway (110), preferably west of the…

Client Need for Net Leased Retail – 1031 exchange – 45 Identification Period

IRS 1031 Exchanger in 45 Identification period looking for $3.5 to $5 million, national credit, preferably single tenant, NNN, triple net retail with at least seven unexpired years left on net lease.  Prefer absolute net.  No gas or 7 Eleven.  Fast food and fast casual fine if corporate lease or large franchise. Looking West Los…

Large Mixed Use Project for West Hollywood

Los Angeles Commercial Real Estate for lease

Developer Avalon Bay Communities and architects MVE partners will be building a 371 unit apartment complex over 32,300 square feet of net leased retail on the site of the old Movietown Plaza, which was demolished a month ago at Santa Monica Blvd. and Poinsettia. Included will be two market rate and one income and age…

Introduction to Retail Lease Terminology

I’ve had a number of calls lately from small multiunit residential owners wanting to 1031 exchange out of their property into Columbus or Los Angeles commercial property for sale.  The interest has primarily been in national credit, single tenant, triple net retail leased properties here in Columbus or Santa Monica / Los Angeles. My Columbus…

Owner User Commercial Real Estate Making a Comeback

Well into the early stages of a recovery, companies seeking to raise funds will sell their property to investors and lease back the space.  However, lately, with increased financing options and a constrained supply available companies are warming to the idea or owning their commercial real estate once again. I’m seeing this with Columbus commercial…

West LA or Santa Monica Commercial Real Estate for Lease Needed

I’m a Santa Monica commercial real estate agent and have a client need for 800 to 1,200 square feet of net leased retail space for restaurant use in downtown Santa Monica, the village in Pacific Palisades, South Main Street, Venice, Marina Del Rey or downtown Culver City.  End cap or inline. No need for hood…

Los Angeles Commercial Real Estate Construction jobs up sharply

The Los Angeles / long beach area added more real estate construction jobs than any other metro in the country with the exception of Atlanta. The 8% increase places Los Angeles mid pack in rankings but in raw numbers, 9,100 new jobs was more than any other metro except Atlanta, which added 10,500, a 12%…

Santa Monica Triple Net Retail Property for Lease Needed

I have a Santa Monica commercial real estate client need for a small 600 – 1,000 square foot ground floor space.  Better yet, if it was a formerly a frozen yogurt, ice cream or smoothie store.   We’re looking in Santa Monica, Brentwood, Pacific Palisades, Venice,  Marina Del Rey and Culver City.  Zip code 90025 in West…

Triple Net Retail Commercial Real Estate Market Update

Existing triple net retail commercial property has experienced quite a resurgence over the last couple of years for several reasons. First, new construction of triple net retail commercial property for sale and lease has remained at generational lows forcing rents up on existing inventory.   True, that retail real estate for sale are at prices that…

Triple Net Retail Client Need in Santa Monica

1031 buyer in 45 day identification period.   Prefers single tenant. Must be S&P BBB- or better corporate lease, triple net retail.  Absolute net even better.  Prefers Santa Monica commercial real estate for sale, but Malibu, Brentwood, Beverly Hills, Westwood, Culver City commercial property for sale also fine.  Los Angeles west of the 405.  Might consider…

Los Angeles and Southern California Home Sales for June 2013

Resale home sales were down in June amid a very tight supply, but prices way up.  Bubble time is coming again and then we all know what’s after that.  We generally go approximately 14 years peak to peak and trough to trough in the Southern California market  Will we be right on time again this…

Southern California New and Resale Home Sales for April 2013

DQ News reports that Los Angeles and Southern California home sales reached their highest level since 2006 and median price reached five year high. A total of 21,415 new and resale homes were sold last in month in Los Angeles, Orange, Ventura, San Diego, Riverside, San Bernardino last month.  That’s up 4.1 percent from March…

Walkable Urban Cores – How Downtown can Save America

Daily finance had an interesting interview with Jeff Speck, author of Walkable City: How Downtown Can Save America, One Step at a Time.  Jeff Speck is an architect and city planner in Washington DC and served on the Mayor’s Institute on City Design.  He also served on the Sustainability Task Force of the Department of…

Southern California Home Prices for March 2013

Median price hits 56 month high, up 23.4 percent from March of last year.  Much of that increase however, can be attributed to a big change in product mix as sales in higher priced neighborhoods have shot up and a sharp drop in lower end deals. A total of 20,581 new and resale houses sold…

Southern California New and Resale Home Sales for February 2013

DQ News reports that a total of 15,945 new and resale homes sold in February 2013.  That was down .7 percent from the 16,058 in January, but up 1 percent from the 15,780 sold in February 2012.  It’s typica for January and February’s sales to be about the same. Median price was down .3 percent…

Los Angeles and Southern California Home Sales for January 2013

DQ News reported solid gains for the first month of 2013 with 16,058 new and resale homes sold in January.  This number is down 20.8 percent from December 2012, but up 10.6 percent from a year ago, January 2012.  It’s the highest home sales for a January in six years. The median price at $321,000…

Los Angeles and Southern California Home Sales for December 2012

A total of 20,274 new and resale houses and condos sold in December 2012, which is up 5.1 percent from the 19,285 in November 2012 and up 5.3 percent from the 19,247 sold in December 2011.  Sales were still 17.2 percent below the December average of 24,488 so there’s still room to grow. Median price…