Santa Monica
Report: Increasing Demand for Video Games has Major Impact on Southern California’s CRE Industry
By Catherine Sweeney Over the past 40 years, video gaming has become a major source of entertainment among consumers. With much of its...
15,110 SQFT Office Building in Santa Monica on Market, Guidance Pricing Set at $11.5MM
By Catherine Sweeney A multi-tenant office property in Santa Monica has recently been listed for $11.5 million, or approximately $761 per square foot....
CIM Group Debuts 48-Room Boutique Hotel in West Adams
LOS ANGELES — CIM Group announced today the debut of Alsace LA, a Southern California-inspired 48-room boutique hotel that brings a contemporary hospitality...
Bozzuto Expands to the West Coast to Meet Demand For Luxury Management
By Catherine Sweeney After its founding more than 33 years ago, Bozzuto, a property management company based in Maryland, is making its way...
Macerich Sells 246,000 SQFT Retail Center in Tucson for $165.3MM
SANTA MONICA, Calif., Sept. 20, 2021 — Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of one-of-a-kind retail and...
Report: Sublet Availability Decreasing in LA Office Market as Companies Withdraw Space, Head Back to the Office
By Catherine Sweeney Despite uncertainties caused by the COVID-19 pandemic, the Los Angeles office market is seeing a decrease in sublet availability as...
DivcoWest Acquires 200,000 SQFT Office Property in North Hollywood for $92MM
By Catherine Sweeney DivcoWest, a San Francisco-based real estate investment company, is continuing to make moves in Los Angeles. The company has just...
Miramar Capital Acquires 24,000 SQFT Lab Facility in San Diego’s Sorrento Mesa Submarket for $15.9MM
San Diego, CA – September 2, 2021 – Drawbridge Realty has completed the sale of 6650 Nancy Ridge, a 24,200 square foot lab building...
Charing Cross Partners Acquires 77,810 SQFT Office Building in Pasadena for $43.1MM
(EDITOR’S NOTE: According to two sources familiar with the transaction, the property sold for $43.1 million, or approximately $553 per square foot.) Pasadena,...
52,000 SQFT Office Building in El Segundo Sells for $52MM
By Catherine Sweeney A 52,000 square-foot creative office and data center in El Segundo has sold for $52 million, or approximately $1,000 per...
Report: Southern California Office Markets Continue to See High Vacancy Rates
By Catherine Sweeney Office vacancy rates are continuing to increase across all major markets in Southern California, a recent report from Newmark showed....
