Los Angeles Business Journal

Real Estate Quarterly: Developers Anxious to Add Projects to Already Bustling Market

Action in Hollywood during the third quarter might have further emboldened developers, who have already made it the submarket with the most new office space under construction.

Real Estate Quarterly: Suddenly Hot Glendale Paces Sister Cities; Pasadena Returns Space

Something unusual happened in the Tri-Cities office market last quarter.

Real Estate Quarterly: Large Westside Deals Help Maintain Recovery Pace

Much like the unrelenting sun that baked its concrete streets, Los Angeles County’s office market was hot last quarter.

Real Estate Quarterly: Landlords Increase Rents Despite Lack of Interest From Outside

The buzz around downtown Los Angeles might be hot, but the office market was just lukewarm last quarter.

Vacancies Down, Asking Rates Up Amid Resurgence

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.

Entertainment, Creative Companies Help Turn Submarket Into Star

It might not be obvious by the numbers, but Hollywood’s office submarket had a strong second quarter.

Submarket Shakes Off First Quarter as Burbank, Glendale Heat Up

The Tri-Cities office submarket bounced back last quarter from a slow start to the year as activity in Glendale and Burbank heated up.

Landlords Chase Higher Rents Despite Return of High-Rise Space

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.

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Smaller Payday Advance for CEOs

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.

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Shareholders, Dating Site Operator Growing Apart

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.

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Search for Buyer Sheds Light on Solar’s Future

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.

Tri-Cities Landlords Hike Asking Rents Despite Gaining Space

The Tri-Cities office market slowed a bit in the first quarter as tenants vacated space, but landlords remained bullish in the face of the setback.

Positive Absorption Returns as Downtown L.A. Becomes Draw

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.

Market Gives Back Space But Landlords Still Hike Up Rents

The numbers say Hollywood had a slow first quarter, but it would be hard to tell from a landlord’s or developer’s perspective.

Vacancy Dip Healthy Development for Construction

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.

Flood of Small Leases Ends Yearlong Run of Rising Vacancies

A flurry of small lease deals last quarter helped turn around what had been a year of rising vacancy in the Hollywood office market.

Deals by Small, Midsize Firms Feed Steady Office Market Recovery

The Los Angeles County office market continued its tepid but steady recovery last quarter.

Tenants Stay Put, But Smaller Renewals Drive Up Vacancy Rate

Downsizing defined downtown Los Angeles last quarter.

Gambling Business Bets on Santa Monica Space

LEASE: Caesars Interactive division signs deal for top floor on Colorado Avenue.

An online and mobile gaming division of casino operator Caesars Entertainment Corp. in Reno, Nev., is preparing a large expansion in Santa Monica.

Santa Monica’s New Direction?

DEVELOPMENT: City mulls project for east of Promenade.

Santa Monica takes a new development direction with a proposed project east of the Third Street Promenade.

Compton Deal Sustains Industrial Pickup Pace

ACQUISITION: $14 million property among 800-plus sold in L.A. this year.

The sale last month of a 152,000-square-foot Compton industrial building, fully leased to Kroger Co.’s Ralphs and Food4Less divisions, was yet another spark in a particularly hot market.

Developer Sold on Glendale Shopping Complex

ACQUISITION: Cypress pays $50 million in area’s highest retail deal of year.

A shopping center across the street from Glendale’s successful outdoor mall Americana at Brand has sold for $50 million in one of Los Angeles County’s largest retail sales this year.

Billionaire’s Boat Makes Big Splash

Rick Caruso looks to anchor megayacht by Newport Beach.

Rick Caruso looks to anchor megayacht by Newport Beach.

Pair of Office Sales Pumps Up South Bay Market

ACQUISITIONS: Torrance properties purchased for combined $77.5 million.

The South Bay office market is heating up.

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Amazon Deal Big Production

Real Estate: Online giant to open studio on Westside.

Amazon.com is sold on Westside office space as a home for the online retailer’s entertainment unit.

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Building Momentum

REAL ESTATE QUARTERLY: Investors flock to L.A.’s rebounding office market, driving deal volume and prices to highs not seen in years.

Building buyers are moving into Los Angeles to get in on the ground floor of the office market’s nascent recovery.

Developers Nail Down Construction Projects

REAL ESTATE QUARTERLY

Climbing property values and asking rates spur a surge in ground-up projects.

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Real Estate Firm to Recast Talent Agency’s HQ

ACQUISITION: Property picked up for $66 million by Kennedy-Wilson.

Kennedy-Wilson Holdings Inc. has acquired the Beverly Hills office buildings that were once home to talent agency William Morris Endeavor in a $66 million deal.

Postproduction Business Boosts Scene in Burbank

LEASE: Pivotal Post signs 10-year deal in market hit by Disney’s departure.

Postproduction company Pivotal Post is moving its headquarters to Burbank, a good omen for the media-driven city that was hit with high vacancy rates when Walt Disney Co. consolidated its offices earlier this year.

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Slow Build-Up

development: City Ventures gets rolling on stalled residential project just as Pasadena condominium market takes off.

City Ventures has finally moved into constructing residences on a church’s former college campus.

Westside Deal Thins Landlord’s L.A. Portfolio

SALE: Ocean West pays Jamison $54 million for Westwood Terrace building.

Jamison Services Inc., Dr. David Lee’s Koreatown real estate investment vehicle, has continued to pare back its holdings, striking a deal to sell Westwood Terrace for $54 million.

Hyatt Regency Century Plaza to Seek Historical Status

Owners of the Hyatt Regency Century Plaza Hotel are seeking historical cultural monument status for the famed Century City site, which they had proposed demolishing only years ago.

Glendale Purchase Towers Over Tri-Cities Deals

ACQUISITION: $96 million for office building is highest in market this year.

A 22-story Glendale office tower has traded hands for $96 million, the highest price paid for a single property in the Tri-Cities market this year.

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Full Houses

Home theater, waterfall not enough at high end

Finding room for luxury amenities has become a must for some L.A. mansion buyers and owners.

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Lantana Deal A Blockbuster?

PROPERTY: Media complex may fetch over $278 million.

Investment firm’s deal for entertainment-focused office complex could be a blockbuster.

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Small Cap, Big Pay

Special Report: Executive Compensation

Chief executives at small-cap companies stocked up on fatter paychecks as the markets’ recovery broadened.

Office Complex Purchase Shores Up Playa Vista

ACQUISITION: $27 million deal a rare sale in popular Westside leasing market.

A two-building Playa Vista office complex has traded hands for $27 million in a rare sale for the submarket.

Envelope Maker Headed For Dead Letter Office?

PAPER: Company under Gores Group’s control files for bankruptcy.

Gores Group could be addressing problems with a supply contract by having National Envelope file for bankruptcy.

Playa Vista Building May Score Video Game Maker

REAL ESTATE: Riot lease would be market’s largest deal in five years.

Playa Vista office building is in play as the future home of video game company Riot.

Insurer’s Exodus Puts Hit on Park Mile Market

VACANCY: Farmers’ move of HQ to Woodland Hills lifts vacancy to 70 percent.

The departure of Farmers Insurance Group from its longtime Wilshire Boulevard headquarters is a blow to the already struggling Park Mile submarket.

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Beached Property

REAL ESTATE: Bank finally works to turn shoreline eyesore into luxury condos.

Latest owner looks to shore up long-delayed luxury condo development in Malibu.

Brokerage Moves HQ from Westside to Downtown

LEASE: CBRE to bring together HQ with other offices on Hope Street.

CBRE Group Inc., one of the world’s largest commercial real estate brokerages, is moving its headquarters to downtown Los Angeles from the Westside.

Buyer Locks Up Office Building for $12.7 Million

ACQUISITION: Deal for Culver City property is second-highest in last year.

A 51,288-square-foot Culver City office building has sold for $12.7 million in the second-highest sale in the city in the last year.

Laid-Back Luxury Looks To Clean Up

Horizontal shower makes splash with $35,000 price tag.

Maker of horizontal shower wants customers to take product’s high price lying down.

Developer Clears Out of Mixed-Use Complex

SALE: Thomas Properties sheds El Segundo project in $48.1 million deal.

Thomas Properties Group Inc. has sold a large El Segundo site on which it had planned to build a nearly 2 million-square-foot mixed-use complex for $48.1 million.

Homebuilder Rises as It Moves Back Into Markets

CONSTRUCTION: Stock of Ryland buoyed by run of recent acquisitions.

Ryland is building momentum as it buys back into markets the company fled during the downturn.

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Hoteliers Find Rooms in L.A.

HOSPITALITY: Developers check into projects amid recovery.

Hoteliers have shed their recessionary reservations to move forward on a host of projects.

Reality Show Producer Fine-Tunes Headquarters

LEASE: Fremantle Media consolidates space with 10-year deal in Burbank.

Entertainment company Fremantle Media North America, producer of television shows such as “American Idol” and “X Factor,” is consolidating its headquarters in Burbank.

Family Fellowships By Design

Daughter follows dad to study architecture at academy in Rome.

Father and daughter keep it in the family with their fellowships to American Academy in Rome.

Ryland Buys Texas Homebuilder

Ryland Group Inc. is acquiring luxury homebuilder LionsGate Homes in Carrollton, Texas, the company announced Friday.

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