There is a lot of talk about the Millennial generation now that it has entered the workforce in a big way. We heard a lot about that recently at Connect Los Angeles, the debut event for Connect Conferences, and they are influencing every facet of the industry.
Beijing developer Oceanwide Real Estate Group broke ground in April on Oceanwide Plaza, a $1 billion mixed-use megadevelopment in downtown L.A.'s South Park neighborhood, across from Staples Center.
Global real estate investment and services firm Kennedy Wilson represented Jersey Mike’s Subs, a fast-casual sandwich chain with locations nationwide, on three lease transactions in 2015 throughout the Greater Los Angeles area.
"Once completed, Oceanwide Plaza will have a strong local identity as well as global appeal.
US Bank engaged Kennedy Wilson to analyze over 70 sites in California to address locations that were oversized or underutilized. Kennedy Wilson identified the property at the corner of Brookhurst and Adams in Huntington Beach.
The Glendale campus of DreamWorks Animation SKG Inc. has been put on the market just two weeks after being sold for $185 million to the investment arm of SunTrust Banks Inc., an Atlanta bank holding company.
Planet Fitness has signed a long-term lease in a 72,000-square-foot office and retail building on Broadway in Downtown Los Angeles.
Rising Realty Partners has acquired the Figueroa Courtyard, a 270,000-square-foot, five-building office park in the Bunker Hill neighborhood of Downtown Los Angeles, from the US Bank Corp. The sales price was not disclosed.
The retail market is benefiting from boosted confidence, illustrated by several new retail leases inked throughout the city. Kennedy Wilson recently closed the four retail lease transactions in Los Angeles submarkets, including Hollywood, Santa Monica and Westchester.
The San Diego-based firm HP Investors LLC makes its first foray into the Los Angeles market with the purchase of Broadway Hollywood, an 11,000-square-foot prime ground floor commercial condominium on Hollywood Blvd.