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Neil Nisperos

Stories by Neil

Office Building Finds Higher Calling

A two-story office property at 588 Atlas St. in Monterey Park was recently acquired by In Christ Community Church for $10 million.

Hackman Taps Gensler for El Segundo Makeover

New owner plans creative offices for portion of former Northrop industrial site

Downtown-based Gensler, a global architecture, design and planning firm, was selected to redevelop a portion of the former Northrop Grumman Corp. industrial site on Douglas Street in El Segundo into a creative office campus, according to the new owner of the property.

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Office Building Near LAX to be Converted to Hyatt Hotels

A 13-story office tower near Los Angeles International Airport will be converted into a 129-room Hyatt House and a 272-room Hyatt Place Hotel.

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CenterPoint Acquires 6.8-Acre Carson Industrial Site

CenterPoint Properties has acquired a 6.8-acre industrial site at 16627 S. Avalon Blvd. in Carson. The property includes 84,620 square feet of space and is fully leased. Terms of the deal were not disclosed.

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Rodeo Drive Boasts Second-Priciest Retail Rents in Nation

Rodeo Drive in Beverly Hills is the second-most expensive rental space location in the country, according to a global market report from Cushman & Wakefield.

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Westwood's Unimat Buys in Costa Mesa

Westwood-based Unimat Commercial Inc. recently acquired the 204,523-square-foot Triangle entertainment center at the end of the 55 freeway in Costa Mesa for $55 million, or $269 per square foot.

Hollywood Ad Agency to Decamp for Park Mile

Hollywood-based entertainment advertising agency Concept Arts has signed a long-term lease for about 31,500 square feet at the Harbor Building, 4201 Wilshire Blvd. in the Park Mile submarket of the Wilshire Corridor, according to the building’s owner, Koreatown-based Jamison Properties.

Santa Monica’s Silicon Beach Boom

LA Rising: Santa Monica projects.

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LA Rising: Santa Monica

These upcoming residential developments are located near the Metro Expo Line expansion that opened in Santa Monica last year.

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Hollywood Ad Shop Takes 31,500 SF in Park Mile

Deal calls for creative office space as part of Harbor Building makeover

Hollywood-based entertainment advertising agency Concept Arts has signed a long-term lease for about 31,500 square feet of space at the Harbor Building at 4201 Wilshire Blvd. in the Park Mile submarket of the Wilshire Corridor, according to the building’s owner, Koreatown-based Jamison Properties.

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Lift for LAX Office Market

REAL ESTATE: Airport projects help fuel demand

The office market around LAX is set for takeoff.

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Hot Market Spurs Listing of Inglewood Apartment Complex

Country Club Apartments, an 80-unit apartment complex near the Los Angeles Stadium at Hollywood Park district in Inglewood, has been put on the market.

Jerde Partnership to Relocate Downtown

Architecture and urban planning studio Jerde Partnership is moving its global headquarters from Venice Beach to the CalEdison building downtown.

Report: Disney Discussed Acquiring Bulk of Fox Assets

Walt Disney Co. has held discussions in recent weeks to acquire most of the assets of 21st Century Fox, according to a CNBC report.

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Anti-Recidivism Coalition Leases at Row DTLA

Downtown-based Anti-Recidivism Coalition, a support and advocacy network for the formerly incarcerated, has leased 12,623 square feet of office space at Row DTLA.

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Culver City Booms with Amazon, Steps Project

Hackman Capital Partners scores studios, developing mixed-use development

Downtown Culver City is buzzing over the impending arrival of Amazon Studios to the historic Culver Studios, while development on a new multi-use office and retail project across the street is set to break ground this week.

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Plans Aim to Help Bunker Hill Take Flight

Three high-rise developments proposed at Bunker Hill expected to energize market.

Three Angels Landing development proposals could boost Bunker Hill.

Grand Central Market sold to Langdon Street Capital

Beverly Hills-based Langdon Street Capital has acquired Grand Central Square, including L.A. icon Grand Central Market, which celebrated its 100th anniversary last Friday.

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North Hollywood Office Property Sells for $23.5M

San Francisco-based Swift Real Estate Partners acquired the 73,949-square-foot office building at 4640 Lankershim Blvd. in North Hollywood for $23.5 million.

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South Bay, Long Beach Most Affordable Multifamily Markets

The South Bay and Long Beach area was the most affordable L.A. County submarket for investment and rent, according to the third-quarter Multifamily Research Market Report from Marcus & Millichap.

Southern California Industrial Facilities Trade in Portfolio Deal

Bridge Development Partners, a Chicago real estate investor, has sold two Southern California industrial buildings to Duke Realty Corp. of Indianapolis as part of a 12-property industrial portfolio transaction valued at $700 million.

Amazon Studios to Expand, Relocate to Culver City

Amazon announced plans Monday to move from Santa Monica into Culver Studios, a television and movie studio in Culver City.

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SG Valley Apartment Portfolio Fetches $51.7M

Strong residential market boosts sale to multiple private investors

A15-property apartment portfolio in the San Gabriel Valley was sold for $51.7 million to a mix of different private investors locally and abroad, according to downtown-based brokerage CBRE.

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Artwork Makes Its Place at Koreatown Apartments

Next on Sixth incorporates colorful elements to create character, community

Fine art lovers can catch an eyeful at Next on Sixth.

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SG Valley Apartment Portfolio Fetches $51.7M

Strong residential market boosts sale to multiple private investors

A15-property apartment portfolio in the San Gabriel Valley was sold for $51.7 million to a mix of different private investors locally and abroad, according to downtown-based brokerage CBRE.

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Knox Office Park in Torrance Sold for $21.6 million

The Knox office park in Torrance has been sold for $21.6 million, broker Newmark Knight Frank said Wednesday.

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Kennedy-Wilson and Kennedy Wilson Europe Real Estate complete merger

Beverly Hills-based real estate investment firm Kennedy-Wilson Holdings Inc. completed the re-absorption of Kennedy Wilson Europe Real Estate, the firm announced on Friday. The firm spun off the European unit as a standalone, U.K.-based public company in 2014, but announced in April it would reel the unit back in.

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Report: Multifamily Projects to Rise with Rents

Millennials, workforce changing housing demands in post-recession economy.

Healthy employment, a growing population, more millennials entering the market and the high price of single-family homes are expected to push demand for multifamily housing upward and keep homeownership rates low throughout Los Angeles County, according to a new report from Beacon Economics and the USC Lusk Center for Real Estate.

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LAEDC Forwards Amazon HQ Bids

Local prospects send Amazon HQ2 bids.

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Former Toyota HQ Sold to Developer

Sares-Regis Group acquires 110-acre Torrance campus after carmaker’s departure.

Toyota HQ in Torrance sold to Irvine-based developer.

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Jamison Counts on K-Town Conversions

Shift from office to residential could benefit both sides of portfolio

Major commercial property owner in Koreatown puts focus on residential conversions.

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Toyota’s Former North American HQ in Torrance Sold

Irvine-based Sares Regis has acquired Toyota’s former North American headquarters in Torrance, according to Jones Lang LaSalle, which represented Toyota Motor Corp. in the transaction.

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LAEDC Includes 9 Sites in L.A. Region Bid for Amazon’s Second Headquarters

The Los Angeles Economic Development Corp. has submitted the official Los Angeles metropolitan area proposal to Amazon.com in response to its search for a second corporate headquarters.

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L.A. City Council Vote Urges Support for Amazon HQ Bid

A motion presented by Los Angeles City Councilmembers Bob Blumenfield and Paul Krekorian, and seconded by three other councilmembers, recommends the council support the effort by the Los Angeles Economic Development Corp. to try and lure Amazon.com to locate its second headquarters in the region.

Real Estate Quarterly: Office Market Improves in Robust Third Quarter

Overview of local markets in the third quarter.

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Real Estate Quarterly: Westside

Main events in the Westside's submarket in the third quarter.

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River of Dreams

Aecom offers framework for L.A. River redevelopment downtown.

Aecom offers vision for downtown stretch of L.A. River.

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Roski Honored for Philanthropic Work

Honors for Ed Roski

Culver City Office Sold for $148M

$148 million for Culver City office building

Culver City Office Building Sold for $148 Million

Northwood Investors has acquired 800 Corporate Pointe, a four-story 245,786-square-foot Class A office building in the lower Westside market of Culver City for $148 million, according to broker Newmark Knight Frank.

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Congressional Medal of Honor Foundation Gives Highest Honor to Edward Roski Jr.

Edward P. Roski Jr., president and chairman of City of Industry-based Majestic Realty Co., was awarded the Circle of Honor Award from the Congressional Medal of Honor Foundation on Saturday in Los Angeles.

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Parsons Corp. Acquires Williams Electric Co. in Engineering Add

Pasadena-based engineering firm Parsons Corp. announced Tuesday the acquisition of Williams Electric Co. for an undisclosed sum.

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Mountain High Management Completes Buyout of Resort

The management team of the Mountain High has purchased the winter resort from Ski Resort Holdings, an affiliate of Studio-City-based Oz Real Estate, according to a company announcement on Friday.

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Opportunity in Mall Turmoil

REAL ESTATE: Investor looks to reshape assets

Pacific Retail Capital Partners sees new purpose in struggling mall properties.

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Group Hopes Grant Will Get Restaurant Rolling

L.A. Conservancy wants to restore iconic Formosa Cafe with online voting effort

Los Angeles Conservancy is making a play for grant funding to help restore the closed Formosa Cafe, one of West Hollywood’s most recognizable historical landmarks, as an operating bar and restaurant.

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IN BRIEF | October 9, 2017

Pharmaceutical firm raises cash for drug trials; business accelerator gets federal contract; Cherin Group gambles on sports companies.

Investors Drop $17.4M on Two Multifamily Portfolios in Long Beach

Two multifamily portfolio transactions in Long Beach have closed for a total of $17.4 million, according to an announcement from Marcus & Millichap, which brokered the sales.

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CBRE Agrees to Acquire Atlanta Design, Engineering Firm

CBRE Group Inc. said it had agreed to acquire Heery International Inc., an Atlanta-based project management, design and engineering company, for $57 million.

Aecom Presents Plan for Redeveloping L.A. River Downtown

Aecom, the Century City-based engineering, construction and design firm, presented its framework for redeveloping a four-mile stretch of the Los Angeles riverfront downtown at a presentation to the media at the firm’s downtown office on Wednesday.

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CGI Investment Strategies Buys Mid-Wilshire Property for 12-Story Project

A Woodland-Hills based developer has purchased a 21,000-square-foot parcel in Mid-Wilshire with plans, according to CoStar, to build a 12-story mixed-use multifamily property with 160 units over retail.

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