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Ciaran McEvoy

Stories by Ciaran

William Carey 15-Acre Campus in Pasadena Acquired by Swiss Company

EF Education First, a Switzerland-based international education company, has agreed to purchase the nearly 15-acre campus of William Carey International University in Pasadena. Terms were not disclosed.

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Providence St. Joseph Leases 26K SF in Ladera Heights

Providence St. Joseph Health has negotiated a lease for nearly 26,000 square feet at the Wateridge campus at 5100 Goldleaf Circle in Los Angeles' Ladera Heights neighborhood, NAI Capital Inc. announced.

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Infinity West Apartments in Hollywood Sold for $23.7 Million

Culver City-based real estate company Goldrich Kest purchased Infinity West, a 43-unit apartment complex at 7045-7051 Lanewood Ave. in Hollywood, for $23.7 million, or about $550,000 per unit, from Bolour Associates of Beverly Hills.

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Miramar Capital Spends $19.1M for Torrance Office Building

Santa Monica-based real estate investment firm Miramar Capital has purchased a three-story, 77,200-square-foot office building at 20285 S. Western Ave. in Torrance for $19.1 million, or $247 per square foot, from property firm Mar Ventures Inc. of El Segundo.

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New L.A. Times Location in El Segundo Revealed

The permanent home of the Los Angeles Times will be in El Segundo at 2300 E. Imperial Highway.

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Warehouse Game Going Up?

REAL ESTATE: Trends point up potential of vertically designed buildings to combat urban space crunch

Developers and brokers look up for the next phase of warehousing in L.A. County.

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Compton Retail Sells for $85.5 Million

Tenants at the 281,000-SF property include Wells Fargo, Target, Subway

New York-based Clarion Partners acquired Compton’s 33-acre Gateway Towne Center for $85.8 million, or about $372 a square foot, from Prism Realty Corp. of Costa Mesa, according to CoStar Group Inc.

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Strength Continues in Q1 as Offices Fill Space

A look at 2018’s first-quarter highlights.

L.A. Rising: Culver City

Half a Million Square Feet of Activity

Apple, Amazon join a flurry of activity in downtown Culver City.

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Millennium Submits Plans for $1B Hollywood Center

Real estate developer Millennium Partners has submitted to the City of Los Angeles plans for Hollywood Center, a $1 billion project comprised of 1,005-units in two high rises above retail and courtyards.

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Compton Retail Property Acquired for $85.5 Million

New York-based Clarion Partners acquired Compton’s 33-acre Gateway Towne Center for $85.8 million, or about $372 per square foot, from Prism Realty Corp. of Costa Mesa, according to CoStar Group Inc.

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Larchmont Car Repair Lot Sells for $7M, Plans Call for Mixed Use Development

Westside-based investment firm Crescent Capital Partners has purchased for $7 million, or $373 per square foot, a 19,000-square-foot car repair lot at 5570 Melrose Ave. in the Larchmont neighborhood and plans to turn it into a 52-unit mixed-use apartment complex, according to CBRE Group Inc.

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Three Parcels in Downtown Sell for $134 Million

Beverly Hills-based real estate investor ESI Ventures has purchased three parcels of property totaling 276,000 square feet in downtown Los Angeles for roughly $134 million in order to build a mixed-use creative office campus in the Fashion District, the company announced.

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Melrose Avenue Retail Property Sells for $22.9 Million

A joint venture of Guggenheim Real Estate and L3 Capital, a Chicago-based investment firm, has bought an 11,300-square-foot retail property at 8420-8430 Melrose Ave. in West Hollywood for $22.9 million from American Commercial Equities, a Malibu-based limited liability company.

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Netmarble Games Takes 14K SF in DTLA

The U.S. division of fast-growing South Korean mobile gaming company Netmarble Games Corp. is moving to 600 Wilshire Blvd in downtown Los Angeles in a coup for the neighborhood and for landlord Onni Group.

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Convene Opens Two Locations Downtown

Convene, a New York-based workplace hospitality provider, has partnered with Brookfield Office Properties to open its first two Los Angeles locations, both downtown, at 333 S. Grand Ave. and 777 S. Figueroa St.

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Downey Industrial Sale Brings Trio Top Honors

29 acres in Downey take top-dollar commercial real estate award

The nearly $50M sale of an industrial property lands award for biggest deal by dollars.

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Jamison’s Jaime Lee Named to L.A. Harbor Commissioner Board

Jaime Lee, the chief executive officer of Jamison Realty Inc., a major player in Koreatown real estate, has been named to the Los Angeles Board of Harbor Commissioners by Los Angeles Mayor Eric Garcetti.

Packaging Co. New-Indy Tripaq Adds 44,200 SF Space in Cerritos

Corrugated packaging company New-Indy Tripaq has signed a lease for nearly 44,200 square feet of industrial space at 12765 166th St. in Cerritos, where the company said it will handle overflow from its other Cerritos facility, located at 16069 Shoemaker Ave.

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AI Company Poletus Takes 21,000 SF at the Pacific Design Center

Artificial intelligence solutions provider Poletus has signed a new lease for 21,000 square feet on the eighth floor of the Pacific Design Center’s Green Building at 8687 Melrose Ave. in West Hollywood, owner and developer Charles Cohen announced.

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Ratkovich Co. Sells Stake in DTLA’s The Bloc

The Ratkovich Co. has sold its interest in The Bloc, the 1.8 million-square-foot mixed-use development at 700 S. Flower St. in downtown Los Angeles, to National Real Estate Advisors, one of its equity partners, for an undisclosed amount.

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Investor Pays $20.7 Million for 7.3-Acre Shopping Center in La Verne

An 84,000-square-foot, 7.3-acre shopping center at 2204-2278 Foothill Blvd. in La Verne has been sold to an Arcadia-based private investor for $20.7 million, according to CoStar Group Inc.

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Port of Los Angeles to Get a $130M Container Staging Hub

Project will be able to handle 3,500 daily truckloads

Macquarie Principal Finance, a subsidiary of the Australia-based financial services firm Macquarie, has agreed with the Harbor Performance Enhancement Center, a public-private partnership, to provide funds for the $130 million development of a 5.5 million-square-foot container staging hub on Terminal Island at the Port of Los Angeles.

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First Penthouse Tenant for Center West Building

Irongate leases office space; gets “improvement package” to renovate 23rd floor

Irongate Capital is moving to Westwood.

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Good Ride for Environmental Firms

Engineering, consulting jobs up 11%

The payrolls of local environmental engineering and consulting firms have grown over the past year as real estate development showed continued strength and municipalities tackled more infrastructure projects.

Nearly 1M Square Feet Leased at Goodman Logistics

New Tenants Include Fashion Nova, RIM Logistics and Funai Corp.

The Sydney, Australia-based real estate firm Goodman Group has leased nearly 1 million square feet of logistics space at the fully-leased Goodman Logistics Center in Santa Fe Springs.

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Santa Fe Lofts in DTLA Purchased for $68.5M

The Sherman Oaks-based real estate investment firm MWest Holdings purchased the 11-story, 132-unit Santa Fe Lofts at 121 E. 6th St. in downtown Los Angeles for $68.5 million, or nearly $519,000 per unit, in partnership with GreenOak Real Estate of New York, with a $6 million rehab planned soon for the building.

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LVMH Buys Rodeo Drive Retail Space for $110M

Seller makes $55 million profit on property after one day

LVMH Moet Hennessy Louis Vuitton Inc. purchased a two-story, 6,200-square-foot retail property at 456 N. Rodeo Drive in Beverly Hills for $110 million – or nearly $17,750 per square foot – from Palm Beach, Fla.-based private equity group Sterling Organization, which had acquired the property for $55 million one day earlier.

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Westside Office Buildings Purchased for $42.5M

Boston-based Beacon Capital Partners has purchased two office buildings at 5220 and 5230 Pacific Concourse Drive in Los Angeles, near the 405 and 105 freeway interchange, from LBA Realty of Irvine for $42.5 million or $263 per square foot, according to sources close to the deal.

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Long Beach Apartment Complex Sells for $84.2M

Charleston, S.C.-based developer Greystar Real Estate Partners has purchased the 211-unit Pacific Court Apartments at 250 Pacific Ave. in Long Beach for $84.2 million, or nearly $400,000 per unit, according to CoStar Group Inc.

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Engineering Firm KPFF Doubles Space to Consolidate Operations Downtown

Seattle-based engineering firm KPFF has negotiated lease for an additional 24,000 square feet of office space at The Bloc, located at 700 S. Flower St. in downtown Los Angeles, consolidating its local operations, according to Newmark Knight Frank.

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Zealous Advocate All Around: Glaser Built Firm’s Lineup of Lawyers Into an 'Embarrassment of Riches'

Business Hall of Fame 2018

Patricia Glaser has never shied away from a fight or backed down from her core beliefs in zealous advocacy and due process.

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Zealous Advocate All Around

Glaser Built Firm’s Lineup of Lawyers Into an 'Embarrassment of Riches'

Patricia Glaser has never shied away from a fight or backed down from her core beliefs in zealous advocacy and due process.

Horne of Plenty: Head of CBRE’s Regional Operations has Ample Resources, Listening Skills

Business Hall of Fame 2018

Lew Horne knows what he doesn’t know.

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Seritage Growth, Invesco Partner to Own the $145M Development in Former Sears Santa Monica Space

REIT Seritage Growth Properties and investment firm Invesco Real Estate have formed a joint venture partnership to own the 96,500-square-foot former Sears department store at 302 Colorado Ave. in Santa Monica, which is planned to be transformed into a $145 million office and retail development, the companies announced.

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Amazon Studios Leasing 75K SF of Office Space at Culver Steps

Amazon Studios, a subsidiary of Inc., will lease all of the 75,000 square feet of office space at the Culver Steps mixed-use development at 9300 Culver Blvd in downtown Culver City, Westside-based real estate investment firm Hackman Capital Partners announced.

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Latham & Watkins’ Voge Resigns After 'Lapses in Personal Judgment'

Latham & Watkins’s global chair and managing partner William Voge has resigned from the law firm and retired after voluntarily disclosing “the exchange of communications of a sexual nature with a woman whom he has never met in person and who had no connection to the firm,” the firm said in a statement.

Single-Family Home Sales Slow, Median Prices Rise in So Cal

Sales of single-family homes in Southern California declined in February, although home prices in the region continued to rise due to a lack of inventory, according to the California Association of Realtors.

Brisk Economy Boosts Ranks of L.A. Lawyers

Largest firms combine for 2.5 percent increase in ’17

The largest law firms in Los Angeles County showed steady growth in 2017 as the generally strong economy provided a boost across a range of practice areas.

Survey Finds L.A. Top Target for Investors

Last-mile logistics, flexible space fuel CRE market; office, retail less important

The change in L.A. County home prices since the Great Recession.

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New Design in South L.A.

Architecture firms flock to neighborhoods along Expo Line

Architecture and design firms are moving south of the 10 freeway.

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Banks Make Own M&A Waves

Bankers got busy buying and selling banks between October and February.

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Former CRA Execs Join Kennedy Wilson

Real estate investment firm Kennedy Wilson has tapped four former Corporate Realty Associates executive – including its president, Jeremy Dee – to its corporate office tenant representation business in Beverly Hills, the firm said in a statement.

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WeWork Leasing Two Floors at One Culver in Culver City

New York-based office-leasing startup WeWork will open a second Culver City-area location this year, leasing two floors at One Culver, the former Sony Pictures Plaza located at 10000 W. Washington Blvd. in Culver City.

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Seyfarth Shaw Moving to 58K Square Feet in Downtown L.A.

The law firm Seyfarth Shaw is moving to slightly larger space downtown this summer after signing a long-term lease for 58,000 square feet at 601 S. Figueroa St., according to Brookfield Properties.

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HQ Creative Purchases Santa Monica Office for $13.2M

Century City-based HQ Creative Office has purchased a three-story, 15,200-square-foot office building at 1522-1524 2nd St. in Santa Monica for $13.2 million, or around $861 per square foot.

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Buchwald Agency Doubles Space in Move to 15K-Square-Foot Miracle Mile Penthouse

The Buchwald talent agency has inked a deal for a 10-year lease for nearly 15,000 square feet – the entire penthouse floor – at the 30-story 5900 Wilshire Blvd., the Miracle Mile’s tallest office building, according to the Newmark Knight Frank brokerage.

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Jamison Properties Opens First Ground-Up Units

72 units to start; three others to come in L.A. for Koreatown developer

Jamison completed the first of four planned residential developments in K-town.

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L.A. County Superior Court’s Civil Program to Move to Downtown L.A.

Los Angeles County Superior Court’s complex civil program will have a new landlord – the U.S. government – when its hearings at the historic federal courthouse at 312 N. Spring St. begin on April 16.

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Agreement Reached to Protect the Playboy Mansion

Los Angeles’ famed Playboy Mansion will be spared demolition under an agreement between the city and the mansion’s owner, Hostess Brands co-owner Daren Metropoulos, to permanently protect the structure.

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