Category Archives: Los Angeles

Another huge project for Los Angeles’ South Park

shenzhen%201

This is just amazing. Another mega project for LA’s south Park with a newly announced multi tower project with high rises up to 42 stories to be located at Olympic and Figueroa all the way to Eleventh and Flower. China’s developer, Shenzhen Hazens Real Estate Groupis currently in the ntotlement process on the Gensler designed…

Los Angeles’ South Park New Developments in Progress

In my 30 years in LA, never did I think I would see something like the following happening. South Park, roughly defined as southwest of the Arts District, south of downtown Los Angeles, east of the 110 and north of the 10, has 28 new developments in progress. Historically, what is now known as South…

Another Mixed Use High Rise For Los Angeles Core

Los Angeles downtown retail space for lease

This one at 33 stories in the Los Angeles historic core will contain 320 market rate apartments plus 22 very low income units and 86 workforce housing units. Still not sure what ‘workforce’ means in terms of rent. TCA Architects did the design work.  Pretty nice for Pershing Square. The studios range in size from…

Los Angeles Downtown – Fig Central Breaks Ground

Los Angeles downtown commercial real estate development

The South Park mega billion dollar project, Fig Central, just broke ground on the 4.6 acre lot that’s adjacent to LA Live. The project will have a five star Robert Cavalli hotel, luxury condos and 200,000 square feet of net leased Los Angeles retail space that will feature a covered open air shopping mall.  The…

Los Angeles – Hollywood Park NFL Stadium Moving Fast

There just might be a new 80,000 NFL stadium on the site of the old Hollywood Park under construction by the end of the year. St. Louis Rams owner Stan Kroenke announced last month that he’s joining Stockbridge Capital who was already building a mega project on the site with single family and multiunit residential,…

Santa Monica’s No Growth is Forcing Tech Firms Out

Santa Monica has a very active bunch of NIMBYs who will shut your new project down if they don’t like it, and that’s generally the case. Tech industry has become the source for 25% of Santa Monica’s jobs and they’re doing their best to drive them out. Google and Yahoo have already given up and…

Rick Caruso does Pacific Palisades

Pacific Palisades

The reimagining of Pacific Palisades’ Palisades Village has been underway for years by Rick Caruso, developer of The Grove and Americana at Brand.   Now the actual work is about to begin and is expected to be completed in 2017. Palisades is one of if not my favorite Southern California suburbs, but had become a little…

New Six Story Culver City / Palms Mixed Use

West Los Angeles net leased retail and apartments

Better late than never is the story with this new ground floor net leased retail mixed use building with 131 apartment units above.  It’s on the northwest corner of Washington Blvd and Hughes Avenue in Palms, bordering Palms and Culver City. Developed by NMS Properties with Architects Killefer Flammang in Santa Monica.  The building will…

New Six 254 Unit Story Mixed Use for Reseda

Los Angeles net leased retail property

We haven’t seen much new for Reseda in decades so this is a significant start. Now that the LA river waterfront is beginning the process of partial deconstruction with a planned continuous landscaped riverfront complete with walking and biking paths we’ll begin to see a revitalization of mixed use retail and multifamily condo and apartment…

West Hollywood Restoration Hardware on Melrose to Open on 24th

West Los Angeles net leased retail for sale

The new European villa like Restoration Hardware will be located at 8564 Melrose Ave in West Hollywood. The older store over by Beverly Center at 8722 Beverly Blvd. will not be closed as earlier rumored, but instead will be transitioned to a Restoration Hardware Baby & Child. Originally, retailer Restoration Hardware had planned on occupying…

Downtown Los Angeles Commercial Development Recap

Downtown Los Angeles News (DTNews) just recapped the truly mega number of commercial developments underway or in planning stages for downtown for a total of 94 today with 14 of those added since late spring. Plans are for at least 3,000 new residential units, Condos and apartments, in just the 14 new projects announced since…

Eight major changes coming to the streets of LA.

culver city commercial real estate for sale or lease

I read this one today on Curbed LA. The primary reason I’m posting it is this: ” A crackdown on the jerks who misuse disabled placards to park for free at meters” I don’t know how they’re going to do this, but I really really hope it works. Second reason is: “No more insane towering parking…

73 Story InterContinental Hotel Rising in Los Angeles.

los angeles net leased retail

What will be the tallest hotel in the west is currently under construction in place of the Wilshire Grand that was built in 1952. Developers Hanjin and Korean Air are building the 900 room 73 story hotel, which will be part of Inter-Continental’s luxury brand and is expected to have at least a four star…

Downtown Los Angeles – 20 Percent of all New LA Housing

I find this a little hard to believe, but according to Curbed LA, downtown LA with 1 percent of the land area has had 20 percent of the new housing since passage of the Adaptive Reuse Ordinance in 1999. The Adaptive Reuse Ordinance is largely responsible for the huge downtown gentrification we’ve seen over the…

1200 Fig With 648 High End Condos Reveal Today

los angeles net leased retail

648 condos in the twin 35 story towers will sit above eight stories of retail, parking and electronic signage in place of the two huge surface parking lots that face Staples Center now. The condos will range in size from 750 square feet to over 4,000.  A hotel may also be part of the project…

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…

Mercedes Benz Signs Largest Los Angeles Commercial Lease in a Quarter Century in Long Beach

Long Beach city and business executives broke ground on Mercedes-Benz’s new facility in East Long Beach near the Long Beach Airport where Mercedes will consolidate approximately 200 employees from its Western Regional Offices and other local operations. The new space will also be used as a center for preparing the high-end cars and SUVs, imported through…

Net Lease Retail Cap Rate Compression for First Quarter 2014

Cap rates fell 40 basis points and net lease retail product quality also falls in the first quarter of 2014. We’re thinking retail right about now as the national ICSC Global Retail Real Estate Convention is just around the corner running through May 18-20 and over 30,000 net lease retail professionals converge on Las Vegas….

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…