Creative redevelopments outperform traditional Class A office in El Segundo and command an 18% rental premium. Creative El Segundo space is 35% less than similar products in Playa Vista and 54% less than Santa Monica.
Tenants such as JustFab, DaVita, Sanrio, Kite Pharma, Bandai Games, Nativo and L’Oreal… Read More
Downtown LA has long enjoyed a decent concentration of law firms, but interest is growing dramatically—simultaneous with the submarket’s vibrant full-time population boom.
So far in this video series, we’ve learned what’s essential to thriving in DTLA (aka, one of the most interesting office markets in the region), and how the area represents an opportunity to do “more with less.” In the final installment of the series, Jordan Gaffney explains the unique… Read More
Large consolidation paves way for higher rents
Douglas Emmett, along with QIA (Qatar Investment Authority), an 80 percent partner, purchased the four-building EOP/Blackstone-Westwood portfolio. The estimated purchase price was $1.3 billion with a 3.7 percent cap rate. The buyer, Douglas Emmett, already owned… Read More
The media and entertainment sectors accounted for over a third of all leasing activity during the first quarter. Large entertainment transactions included distributor and producer Netflix signing a 123,300 s.f. lease in Hollywood while talent agency International Creative Management (ICM) leased 108,300 s.f. in Century City.
On-location filming in Greater Los Angeles increased 1.3 percent in 2015 to 37,289 shoot days.… Read More
Eastward expansion continues, for Los Angeles law firms that is. In the first installment of our series on law firm real estate trends, we learned what’s making downtown LA one of the most interesting office markets in the region. Now, Darren Eades, Executive Vice President in JLL’s LA office, reflects on why Westside firms are increasingly setting their sights East.
As of the end of 2015, Los Angeles’ venture capital funding totaled $2.17 billion and accounted for 5.4% of the total funding in the U.S. We continue to see local funding concentrated in and around Silicon Beach, with the lion’s share of the start-ups still located in Venice Beach and Santa Monica.
The data in this quarterly high-tech venture capital funding dashboard reflects 4th quarter data compiled by PricewaterhouseCoopers and illustrates the continued… Read More
High-tech investment volume continues to grow, totaling almost $1.2 billion year to date. Much of the funding concentration remains in the burgeoning neighborhoods of Silicon Beach. With $1.02 billion alone, Snapchat in Venice won the MVP award, totaling more than the next four zip codes combined. While Playa Vista has seen a wave… Read More