An 80-Year Overview of Real Estate Development in L.A. — From Aeronautics, to Finance, to Silicon Beach
Urban resilience is an increasingly important topic in today’s complex environment. Through the evolution of its real estate market, Los Angeles is an example of urban resilience and adaptability.
Omninet Capital Nabs Two Metro LA Office Campuses for $78M
Omninet Capital recently purchased two metro Los Angeles office properties — one in Torrance and one in Commerce — for a total of $78 million. In the first deal, Omninet bought a three-building office park in Torrance called Park Del Amo. Located at 2355 and 2377 Crenshaw Blvd., the 204,468-square-foot campus fetched $39 million. At…
Round-Up: May 2020’s Notable Office Deals & Leases
Two months after the COVID-19 pandemic placed nearly all industries on hold, many financial markets are slowly restarting. In particular, several major office deals took place in May, proving that the situation in commercial real estate is starting to thaw. Here are the six most significant office deals and leases that took place this month….
Mitsui Fudosan Tower Breaks Ground in Downtown Los Angeles
Mitsui Fudosan America has begun site clearance for its high-rise in downtown Los Angeles. Replacing a parking lot at the northeast corner of Eighth and Figueroa streets, the 42-story, mixed-use, residential tower is slated for completion within three years. Lendlease Construction is the project’s general contractor. The project—which got the green light last summer—calls for…
Central Business Districts vs. Urban vs. Suburban: Breaking Down 10 Years of Office Expansion in the US
Between 2008 and 2018, the U.S. expanded its office footprint by 682 million square feet, 370 million of which have been added in the top 20 markets. Using data from Yardi Matrix, a recent COMMERCIALCafé study looked closely at where this space was added—urban areas, suburban areas or central business districts (CBDs). The findings highlight…
10 Spooky L.A. Buildings: The Real Estate Side of the Story
With the help of Redditors, we picked 10 of the creepiest buildings in Los Angeles, and dug deep in their property reports to tell their real estate story. Rarely has there been a horror story without a brick and mortar location to serve as its background. And since there’s such a strong connection between real…
Biggest Los Angeles commercial transactions happening at the courthouse
The five largest transactions so far in 2010 for non-residential properties in Los Angeles County happened via government auction. The property at 9900 Wilshire Avenue in Beverly Hills sold at auction for $150,000,000, property records show. The owners, CPC Group, were in default on a $365.5 million loan, the LA Times reports. They had apparently…
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