Tag Archives: South Bay

Logistics & distribution are driving industrial leasing activity in the LA basin, mid-year 2016

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Microsoft PowerPoint - COW_Los Angeles_industrial_August 15th 20

There is a growing presence of online-based retailers and logistics companies providing same-day or next-day delivery service to consumers which is affecting the Los Angeles industrial market.

The logistics and distribution sector accounted for 39.4 percent of the top 25 leases during… Read More

A mid-year glance at industrial leasing in the LA basin

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Leases between 10,000 and 25,000 square feet accounted for more than half of the total transactions completed in the Los Angeles industrial market in the first half of 2016.

Microsoft PowerPoint - COW_Los Angeles_industrial_June 13th 2016

Leasing activity is highest in the LA Central market with 118 deals, demand… Read More

Rent continues to appreciate in the South Bay, LA’s hottest industrial submarket

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Microsoft PowerPoint - COW_Los Angeles_industrial_May 9 2016

  • With sub-1.0 percent vacancy across the South Bay market, meaningful rent appreciation is expected over the next 12-24 months barring any major economic downturn.
  • The market has experienced a 41 percent weighted Y1 rent growth since 2010.
  • High-water mark rent for 2016 will
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Investor acquires office/industrial building in Redondo Beach for $9.5M; plans to redevelop into creative office space

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JLL completes 50,000 SF deal for Montana Avenue Capital Partners, LLC

2008-Steve-SolomonJLL represented Montana Avenue Capital Partners, LLC (“MAC”), a Santa Monica-based real estate investment, management and development company, in the acquisition of 50,000-square-foot office/industrial building located at 2400 Marine Avenue in Redondo Beach, California for $9,575,000.

MAC will invest an additional $2 million into its newly rebranded “LINQ on Marine” asset to redevelop… Read More

Kristen Bowman transitions as Associate Broker joining the brokerage team of Steve Solomon and Jason Fine

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2015-Kristen-BowmanKristen Bowman has joined the El Segundo Brokerage team of Steve Solomon and Jason Fine as an associate broker. Kristen will be focused on the team’s agency listings and business development for tenant representation, investments, and agency listings.

Over the past two years as a brokerage assistant, Kristen quickly mastered her role, achieved her CA… Read More

JLL awarded leasing of unique 215,000 SF industrial facility in Hawthorne, CA

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JLL has been selected by DCT Industrial Trust Inc. to handle the leasing of a unique Class “A” 215,000-square-foot industrial building located at 2815 W. El Segundo Boulevard in Hawthorne, CA. The Greater LAX/South Bay property presents a unique facility solution for global logistics providers, e-commerce hubs and high speed warehousing operations ranging from 95,000 square feet up to 215,000 square feet of contiguous space.

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JLL’s Steve Solomon represents The Station in an off-market El Segundo creative office space deal

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2014-03-06_The Station_Front Perspective-No Cars

JLL’s Steve Solomon, Managing Director, recently represented the $11.3 million The Station off-market transaction in El Segundo. Steve represented the buyer in the transaction and also represented the seller, along with Eric Adams and Chris Strickfaden. Steve shared his thoughts with several media sources, including the Los Angeles Business Journal:

Solomon said Montana plans to pick up where Grosbard left off, redeveloping the property into open-plan

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Appreciation in Los Angeles infill markets

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Click here for more market insight on our Los Angeles research group web page: Los Angeles – Research

Tweet this: @JLLNews says rental #rates are apprciating in the Los Angeles #infill markets. See more on our #LA #research website http://bit.ly/17oLW6D

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Aerospace industry impacts vacancies in South Bay office and industrial markets

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2013-03-Solomon-Steve-headshotManaging Director Steve Solomon was recently interviewed by the Los Angeles Business Journal on the uptick in office and industrial vacancies in the South Bay. The ongoing reduction in the federal defense budget means aerospace companies will continue to consolidate and downsize. The unemployment rate in the South Bay is currently above 10 percent.

On a positive note,… Read More

With over six-million s.f. of office space leased in LA by various government agencies, Sequestration could adversely impact the LA office market

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Click here for more market insight on our Los Angeles research group web page: Los Angeles – Research

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