RealEstateRama Authors Posts by The Hoyt Organization
McCormick Construction, in conjunction with developer, Evolution Strategic Partners, has announced the groundbreaking of Evolution Warner Center, a 277-unit luxury residential multifamily development. The 426,000-square-foot, transit-oriented development is located at 6606 N. Variel Ave. in the heart of the Warner Center neighborhood. Construction cost is estimated at nearly $60 million.
Dekel Capital, a Los Angeles-based real estate merchant bank that specializes in sourcing and placing equity and debt for active middle market and large-scale commercial real estate developers and investors, has arranged a $13 million non-recourse bridge loan on a 14-level, Class-A parking structure in Downtown Los Angeles
McCormick Construction, a premier builder shaping the culture of buildings and businesses throughout the Western United States since 1914, has completed construction on a 14,000-square-foot interior renovation project for beverage manufacturer, Neurobrands llc’s, corporate office located at 2550 N. Hollywood Way in Burbank, California. Neurobrands originally occupied two disconnected office suites in the North Hollywood Way office building, which is in close proximity to the Hollywood Burbank Airport.
Global real estate investment company Kennedy Wilson represented both the buyer and seller in the $16 million sale of a prime, mixed-use complex located at the corner of 11th Street and Wilshire Boulevard in the heart of Santa Monica. The approximately 23,500-square foot, retail and multifamily property was purchased by 11th and Wilshire, LLC. The seller was Paragon Properties.
With plans to grow to 50 agents this year, the emerging real estate firm is built on a foundation of collaboration and client experience. Mercer Vine, a new leader in Southern California luxury real estate, has formally launched its brand by listing 10 properties in some of Los Angeles’ most exclusive neighborhoods. The properties, many of which are undergoing extensive high-end upgrades, have an estimated post-renovation value of $260 million
Jordan Rubinstein and David Pressberg, two influential commercial real estate professionals in Los Angeles, have joined the brokerage team at Kennedy Wilson, a global real estate investment company. Previously with Century Park Realty, the move expands Kennedy Wilson’s foothold on the tenant representation side, and lengthens the firm’s list of nationally recognized clientele and expanding brands. The team will relocate to Kennedy Wilson headquarters in Beverly Hills.
Kennedy Wilson Represents Seller in Approximately $37 Million Sale of Historic San Fernando Building...
Global real estate investment company Kennedy Wilson has represented the seller in the approximately $37 million sale of the San Fernando Building in the Old Bank District section of the Historic Core in Downtown Los Angeles. Originally built in 1907 as one of the city’s most coveted office buildings, the approximately 89,500-square-foot building was remodeled in 2000 to accommodate 70 large, loft-style multifamily units in addition to approximately 11,500 square feet of ground floor retail and restaurant space. The seller was Los Angeles-based Gilmore Associates and the buyer is MWest Holdings.
Oceanwide Plaza, LLC officially launches “The Collection at Oceanwide Plaza” brand in downtown Los Angeles today, with the unveiling of its leasing website, CollectionAtOceanwide.com, for the development’s retail and restaurant complex currently under construction. Global real estate company Kennedy Wilson serves as the exclusive leasing agent for Oceanwide Plaza’s 153,000 square feet of retail, which is part of the $1 billion mixed-use project developed by Beijing-based Oceanwide Holdings Co Ltd. The leasing website debuts The Collection through a 3-D animated, fly-through video, offering new details of the project, which is scheduled for completion in 2018
Michael Collins has joined global real estate investment firm Kennedy Wilson as executive managing director. In this newly created position, he is responsible for expanding the firm’s private client arena by focusing on private banks, family offices and Registered Investment Advisors (RIA) on a national basis. Collins will also serve on Kennedy Wilson’s Investment Committee
Global real estate investment and services firm Kennedy Wilson today announced the completion of three leases for three fast casual poke restaurants: Hoke Poke, OkiPoki and Honeyfish Poke. Two of the eateries are in downtown Los Angeles; the third is in Northridge. <
Opened in August 2013, the 73,767-square-foot, LEED® Platinum Science Complex offers optimal learning environments for the Physical Sciences, Life Sciences and Family & Consumer Studies programs while integrating sustainable technology that sets new benchmarks for energy efficiency.
Global real estate investment and services firm Kennedy Wilson negotiated the sale of 8100 Melrose Ave. in Los Angeles, California, a 29,000-square-foot building best known as Fred Segal, a well-known icon in the fashion world, on behalf of the seller. The buyer is retail real estate investor, CormackHill, LP.
SOTHEBY’S INTERNATIONAL REALTY FINDS THAT BEVERLY HILLS AND PACIFIC PALISADES CONTINUE TO DOMINATE THE...
Sotheby’s International Realty’s Greater Los Angeles Market Report reveals that Beverly Hills and Pacific Palisades are continuing to rule the Southern California luxury housing marketplace after a hot start to 2016
Mercer Vine, an emerging leader in Los Angeles luxury real estate, has announced its exclusive listing of 1312 Beverly Grove Place in Beverly Hills, California for $6,495,000. “This house is the essence of California living, ushering in year-round sunlight through expansive windows and grand ceilings,” said Adam Rosenfeld, founding partner at Mercer Vine and one of the property’s listing agents.
Westwood Financial Corp., (WFC) one of the largest privately held owner-operators of grocery-anchored retail properties in the United States, has hired Jeanne Lazar as chief financial officer. Lazar joins the team at WFC with more than 20 years of diverse commercial real estate finance experience.
Karl Kreutziger has been promoted to president of C.W. Driver Companies, a premier builder serving the Western United States since 1919. Having served in leadership roles on behalf of C.W. Driver Companies for more than five years, 29-year industry veteran will take over the role of president for Dana Roberts, who will serve as CEO and chairman of the board. In this role, Kreutziger will be responsible for leading the overall direction of C.W. Driver Companies as well as spearheading project teams in the preconstruction and planning phases, and overseeing
GENTON PROPERTY GROUP SELECTS WEBCOR BUILDERS TO CONSTRUCT THE HIGHLY-EXCLUSIVE FOUR SEASONS PRIVATE RESIDENCES...
Genton Property Group (GPG) has selected Webcor Builders to begin construction on the exclusive Four Seasons Private Residences-Los Angeles, which will include 58 luxury condos and a top-floor penthouse that are expected to be the most exclusive, highest priced condos ever to enter the LA market.
Global real estate investment and services firm Kennedy Wilson has negotiated a 10-year retail lease for Yellow Fever, an Asian inspired fast casual restaurant serving healthy customizable bowls, at the Plaza Marina shopping center in Venice, California. Located at 2570 Lincoln Blvd., the 1,500-square-foot location marks the restaurant’s second location and official entry into the Los Angeles market.
The latest Sotheby’s International Realty Greater Los Angeles Market Report reveals that Pacific Palisades more than doubled the number of luxury homes sold in the last quarter of 2015 versus the last quarter of 2014.
C.W. Driver Completes Construction on $26 Million Modernization of Sharp Grossmont Hospital in San...
C.W. Driver, a premier builder serving the Western U.S. since 1919, has completed construction on the renovation and modernization of the East Tower Nursing Unit at Sharp Grossmont Hospital, located just east of San Diego in La Mesa, California. The $26 million project delivers facility upgrades local taxpayers approved on the June 2006 voter ballot. Construction on the 71,000-square-foot project began in May 2012 and completed in October 2015.