Commercial Real Estate News 

Courtesy of
                                                                      Warren K. Hoppke, SRPA, ASA                 Robert Nord, MAI, ASA
                                                                      Senior Real Property Analyst                      Real Estate Consultant
                                                                      Member Appraisal Institute                         Member Appraisal Institute

Use this page to keep up with the latest information on commercial real estate news, California real estate, commercial building trends, materials, in Los Angeles County, Orange County, Ventura County, San Diego County, Riverside County, San Bernardino County. Commercial real estate news likely to affect industrial and commercial real estate and appraisal industry nationally and in Southern California.

Los Angeles Commercial Real Estate :
 
Private Investment Firm Pays $62M for Retail Center
5/16/2012 11:43 AM

SAN PEDRO, CA-An affiliate of First Washington Realty Inc. was one of more than 20 bids that were received on the 199,666-square-foot Park Plaza shopping center here.Read More

 
Hudson Pacific Properties To Make Huge Building Buy
5/15/2012 11:38 AM

LOS ANGELES-The firm agrees to pay $90 million for 901 Market St. in San Francisco, and $89 million for the Olympic Bundy Media Campus in West L.A.Read More

 
Rovner Construction Hires Moe For VP
5/15/2012 2:38 PM

SIMI VALLEY, CA-Mike Rovner Construction has added Jeffrey Moe as VP of construction and development to help develop the firm's internal construction operation and accounting processes and to establish new business relationships with an expanded list of clients.Read More

 
Law Firm Signs 160,000-SF Downtown Office Lease
5/15/2012 12:35 PM

LOS ANGELES-Lewis Brisbois Bisgaard & Smith LLP signs on for a 10-year lease renewal at 221 N. Figueroa St. in a transaction estimated to cost $45 million.Read More

 
Will Oil Prices Affect Hospitality or Just Multifamily?
5/14/2012 1:42 PM

LOS ANGELES-While sources agree on the correlation between higher gas prices and higher demand for multifamily product closer to TODs, some question whether international business can make up for a potential loss in drive-to business for the lodging industry.Read More

 
Associated to Invest $107M in Desmond's Tower
5/11/2012 1:03 PM

LOS ANGELES-Associated Estates has purchased the 79,000-square-foot Desmond's Tower at 5500 Wilshire Blvd. and its adjacent parking lot from an entity formed by Legacy Partners and plans to spend roughly $70 million to develop upscale apartments.Read More

 
Yelp, Monster Find New Headquarters in CA
5/10/2012 2:37 PM

SAN FRANCISCO-Yelp signed a lease for 100,000 square feet at a downtown building here, and Monster Beverage has purchased a building in Corona, CA for a new HQ.Read More

 
Accounting Legend Kenneth Leventhal Dies at 91
5/9/2012 10:46 AM

LOS ANGELES-Together with Stan Ross, Leventhal built Kenneth Leventhal & Co. into the premier real estate accounting firm of its day. They merged their practice into Ernst & Young in 1995. Leventhal was 91 when he died.Read More

 
CBRE CEO White To Retire by 2013
5/9/2012 2:17 PM

LOS ANGELES-Brett White, who's held the position since succeeding Ray Wirta in 2005, will step down on Dec. 31. President Bob Sulentic will take over as CEO.Read More

 
Kennedy-Wilson Reports Net Loss During Q1
5/8/2012 5:41 PM

BEVERLY HILLS, CA-The firm's net loss is up compared to a net loss of $1 million during the first-quarter 2011, according to a recent earnings call.Read More

 
Dodger Stadium Parking Area Sells To JV For $150M
5/8/2012 2:28 PM

LOS ANGELES-Guggenheim Baseball Management has purchased the team, the stadium and the land underneath it; the 260-acre parking surface will be developed in a long-term process by a joint venture between GBM and former Dodgers owner Frank McCourt.Read More

 
Ohio REIT Buys Wilshire Boulevard Land to Build Apartments
5/8/2012 12:00 AM

LOS ANGELES-Associated Estates Realty Corp., a rental-property company based Richmond Heights, Ohio, has bought land along Wilshire Boulevard in Los Angeles for $37 million.Read More

 
Visual Data Doubles Space With Office Buy
5/4/2012 12:47 PM

BURBANK, CA-The acquisition of 610 N. Hollywood Way is significant due to the pricing of the asset upon acquisition, as well as the valuation of the asset following the capital and tenant-specific improvements, says a source.Read More

 
Quantum Capital Sees Turnaround in Lending Policies
5/4/2012 12:50 PM

BEVERLY HILLS, CA-According to the firm, credit has especially loosened for non-institutional grade retail and office product.Read More

 
MPG Releases Q1 Numbers, Aims to Reduce Debt
5/3/2012 6:13 PM

LOS ANGELES-The office REITs numbers show net income available to common stockholders for the quarter ended March 31, 2012 was $5.2 million as the firm 'continues to make progress in relieving debt obligations.'Read More




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