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Neil Nisperos

Stories by Neil

Production Company Buys Into Westlake

Gets 3 buildings in 2 deals; plans makeover for all 34,000 square feet

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Investors Look South for Deals on Apartments

Culver City-based investor gets 8 complexes, 107 units in South L.A., Hawthorne

Production company buys into Westlake.

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Developer Plans Fight Over Eminent Domain

A large South L.A. property sits in the middle of a fight between its owner and L.A. County.

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Switch by Doctors’ Group Leads to Office Sale

One of larger medical office sales to owner/user over past year statewide

El Segundo-based Genesis KC Development, a subsidiary of HealthCare Partners of El Segundo, has acquired a medical office building in Covina for $10 million in what brokers say is one of the year’s larger medical building sales to an owner/user in the state.

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Creative Office Campus in El Segundo Sells for $117 Million

New York–based Deutsche Asset & Wealth Management has acquired Campus 2100 in El Segundo for $117 million, or about $574 per square foot, according to CoStar Group Inc.

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CDTFA Offering Tax Relief for Businesses Impacted by Fires

The California Department of Tax and Fee Administration is offering tax relief to businesses impacted by the fires in Southern California, according to an announcement from the agency on Friday.

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Miramar Buys Northrop Building for $37 Million

Aerospace firm has two years on lease; deal signals El Segundo ‘momentum’

Santa Monica-based Miramar Capital Advisors has acquired Redondo Beach Business Court, a 124,400-square-foot office building and separate day-care facility for $36.7 million.

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Insurers Manage Year of Moderate Growth

State Farm retains top spot among local offices for property, casualty

List Story: Moderate uptick for property and casualty insurers.

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Times Square Feel for Downtown?

HOTELS: Figueroa to get prominent LED displays

Developers’ bold vision around DTLA’s convention area aligns with city’s push to increase hotel rooms.

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$51 Million in Refinancing for Two L.A. Apartment Buildings

El Segundo mortgage company Venture West Funding Inc. announced Tuesday it arranged nearly $51 million in loans to refinance two newly-constructed apartment buildings totaling 120 units.

Foreign Capital Focused on Class A Prizes

Single-tenant occupancy, long-term lease part of appeal of DreamWorks HQ

Foreign investment into L.A. properties deepened last month with a South Korea-based company’s purchase of the DreamWorks headquarters in Glendale, a deal which seems to shed some light on an increasing trend toward prime assets.

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CIM in Trump Bump Over SoHo Property

Mid-Wilshire-based real estate firm CIM Group Inc. will soon need a new name for its luxury SoHo hotel/condo hybrid in New York, currently called Trump SoHo, now that the company has announced it will buy out the Manhattan-based Trump Organization’s management and licensing contract for the building.

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Canyon Partners Provides $63.5 Million for Portland Condo Project

Century City-based Canyon Partners Real Estate said it provided a $63.5 million loan to an affiliate of Portland-based PHK Development Inc. to finance construction of a seven-story, 162-unit condominium project.

Westchester Apartment Complex Sells for $10.2 Million

Encino-based brokerage Investment Real Estate Associates announced the $10.2 million sale of a 20-unit, non-rent controlled Flight Ave. Apartments.

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Doheny Eye Institute Purchases $50 Million Pasadena Building

Doheny Eye Institute of Boyle Heights has acquired a four-story Pasadena office building for $50 million, according to Downtown-based Charles Dunn Co. The center bought the 123,203-square-foot property at 150 N. Orange Grove Blvd., and will be moving to the new location in the fourth quarter of 2018 from its current headquarters, at 1355 San Pablo St., a building on the County-USC medical campus, according to the brokerage firm.

G.H. Palmer Finds Better Terms on $267M Loan

Bet on improved net leads to “defeasance”deal on four properties

Commercial real estate investment banking firm George Smith Partners of Century City has secured nearly $267 million in refinancing for a four-property apartment portfolio on behalf of Beverly Hills-based developer G.H. Palmer Associates, according to George Smith.

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Hyatt Sees Double on LAX-Area Hotel Project

$50M conversion in works for 13-story office building on Century Boulevard

Tourism, development and infrastructure activity are the driving factors behind the planned conversion of a 13-story office tower near Los Angeles World Airports into a dual-branded hotel

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Inglewood Looks Up

Football, transit boost residential – office market in line?

Commercial development is booming in Inglewood, and residential real estate is anticipated to follow.

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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.

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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Santa Monica’s Silicon Beach Boom

LA Rising: Santa Monica projects.

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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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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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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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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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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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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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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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