The LA Deal Sheet
A JV of Ocean West Capital Partners and Westbrook Partners has sold a newly renovated 165K SF creative office building in Westwood to an affiliate of Goldman Sachs Group for $92.5M, according to the Los Angeles Business Journal.
NKF Capital Markets' Kevin Shannon, Rob Hannan, Ken White, Michael Moll, Laura Stumm and Guillermo Boisson represented the buyer and seller.
Ocean West Capital Partners will remain invested in the 1640 Sepulveda office building and continue to manage the asset,…
Read Full Story
|
|
|
Top stories on Bisnow.com
|
Despite Lawsuit, Paragon Opens First Cannabis Coworking Space In Hollywood
Just a block away from the Sunset-Gower Studios, ParagonSpace at 1461 Tamarind Ave. is a 4,300 SF office campus with meeting rooms, an outdoor courtyard, a recreational room with table tennis, a kitchen and a lounge.
The space is open…
Read Full Story
|
|
|
|
|
|
Expanding CRE Networking Organization Offers Support To LGBT Community
Commercial real estate is often criticized for its lack of diversity, but one growing organization is out to ensure the industry both welcomes and promotes its LGBT members.
“Many members of the LGBT community enter CRE as a hidden minority and do not have a group of peers with whom to network,” Boston-based Federal Realty Investment Trust Vice President of Asset Management Bryan Furze said. “GREG offers a safe space to interact with others that share a common bond to find mentors, peers and friends to count on in the challenging and competitive world of CRE.”
Click here to read the full story. |
Beyond The Bio: 16 Questions With Hanley Investment Group CEO Ed Hanley
This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles.
Every November, Ed Hanley grows a mustache. It isn't to be cool and trendy, it's to help raise awareness for men's health. The CEO of Hanley Investment Group, based in Corona del Mar, California, engages his team to grow mustaches on behalf of the Movember Foundation.
The fundraising is not just part of Hanley's philanthropic efforts, it is also personal. In 2009, his father died of prostate cancer. His team has raised over $187K since 2011, putting his team among Movember's top 1% of fundraisers in the U.S.
Click here to read the full story. |
|
|
The HQ2 Sleuths: Amateur Detectives Decipher Clues On Websites Dedicated To Predicting Amazon's Second HQ Location
Nearly two weeks ago, a user on the popular online discussion and news site Reddit confidently posted an interesting theory: Amazon's second headquarters was headed to Atlanta.
This poster had evidence — a string of news reports and potential coincidences that seemed to point to that conclusion, all centered around Los Angeles-based CIM's effort to land $1B of public incentives for a mixed-use project that approximates what Amazon is wanting in a second headquarters.
“Why are people even still ranking cities based on some arbitrary data points? It's almost September 2018 and this Gulch redevelopment has HQ2 written all over it,” Reddit user Tehndn wrote. “Deals are being made with actual dollar amounts. IMO (internet-ese for “in my opinion”) this is an open and shut deal and Amazon HQ2 is coming to Atlanta.”
Welcome to the world of Amazon HQ2 theorists.
Making predictions is as old as humanity itself. From tea leaves and sacred oracles to stock market algorithms and political pollsters, people have always had a need to know, and a need to know now and first.
The commercial real estate…
Read Full Story
|
|
|
|
|
