{"id":33822,"date":"2018-12-03T17:19:05","date_gmt":"2018-12-03T15:19:05","guid":{"rendered":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=33822"},"modified":"2018-12-03T17:19:05","modified_gmt":"2018-12-03T15:19:05","slug":"november-posts-the-largest-la-commercial-deals-of-the-fall-season","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2018\/12\/03\/november-posts-the-largest-la-commercial-deals-of-the-fall-season\/","title":{"rendered":"November Posts the Largest LA Commercial Deals of the Fall Season"},"content":{"rendered":"

Despite rising interest rates, both office and retail sales have seen some of the biggest deals of the season in November. Heitman acquired the five-building Campus at Playa Vista<\/a> for over $320 million, easily the largest office deal of the fall at almost $1,000 per square-foot. Playa Vista has seen quite a lot of office construction in recent years and is a budding tech hub, drawing companies like Fullscreen and YouTube. At 325,000 square feet, this is Heitman\u2019s second SoCal property. They\u2019ve owned the 600,000-square-foot 10100 Santa Monica<\/a> in Century City since 2001.<\/p>\n

On the retail front, LVMH continues to increase its Beverly Hills footprint with the purchase of The Paley Center<\/a> for $80 million. At a price of over $3,000 per square-foot, it\u2019s almost double what it traded for just four years ago. Earlier this year, LVMH purchased 456 North Rodeo Drive<\/a> for $110 million. Beverly Hills remains the Mecca of opulence in the U.S. and continues to be popular even as other markets show signs of cooling.<\/p>\n

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