Despite starting off the year strong, the downtown L.A. office submarket had another weak quarter as its stable of traditional high-rise office towers continued to hemorrhage tenants.
It might not be obvious by the numbers, but Hollywood’s office submarket had a strong second quarter.
Los Angeles County’s commercial real estate rebound was in full swing last quarter as the office vacancy rate declined, asking rental rates rose and construction increased.
The Tri-Cities office submarket bounced back last quarter from a slow start to the year as activity in Glendale and Burbank heated up.
COMPENSATION: Total increase of L.A.’s top execs was single-digit.
Pay packages for a few local CEOs declined steeply, dragging overall remuneration down from last year’s levels.
INTERNET: Osmium joined in call for board, executive changes at Spark Networks.
Major shareholders have little love for the operation and board of dating website operator Spark Networks.
ENERGY: Installation-only Verengo looks into sale as industry consolidates.
Sun may set on Verengo’s business model as the solar panel installer explores a sale.
The numbers say Hollywood had a slow first quarter, but it would be hard to tell from a landlord’s or developer’s perspective.
The Los Angeles County office market continued to heat up for its third consecutive quarter, helping reinvigorate construction and redevelopment across the area to levels last seen five years ago.
The downtown L.A. office market saw gains in the first quarter as more than 110,000 square feet were absorbed by a mix of relocations and internal expansion.