August 27, 2002 |
MTV Networks has leased an additional 45,000 square feet to expand its headquarters in Santa Monica. The broadcaster will take over the three-story building at 1633 26th St. in a four-year deal. Landlord Kilroy Realty Corp. will add a connecting walkway to the 106,000 square feet of offices MTV has at 2600 Colorado Ave. MTV will consolidate offices in other locations into the building on 26th Street by the end of the year, said Brad Feld of Cushman & Wakefield Inc., who represented the tenant.
August 5, 2012 |
Venerable Los Angeles office landlord Kilroy Realty Corp. has made its first move into Hollywood with the $79-million purchase of Sunset Media Center, a high-rise near the intersection of Sunset Boulevard and Vine Street. Kilroy plans to spend “many more millions of dollars” to renovate the 22-story tower built in 1972, said David Simon, Kilroy's executive vice president for the Los Angeles region. The goal is to reposition the building at 6255 W. Sunset Blvd. as more upscale and attract tenants capable of paying higher rents.
July 7, 1998
The following REITs are based in Southern California. The chart shows their closing prices as of July 2, their low and high share prices during the last year and their yield per share. *--* Ticker July 2 So. Cal. REITs symbol Exchange close Low Alexander Haagen Properties* ACH AMEX $14.88 $13.75 Alexandria Real Estate Equities ARE NYSE 29.75 22.25 American Residential Investment Trust INV NYSE 9.63 8.94 Angeles Mortgage Investment Trust ANM AMEX 18.25 14.88 Apex Mortgage AXM NYSE 10.88 10.19 15.
CALIFORNIA | LOCAL
November 25, 1997 |
The Calabasas City Council approved the construction of a 140-room hotel as part of the Calabasas Park Centre development, after Homestead Village made several design modifications to appease a critical public. The council voted unanimously last week to approve Homestead's site plan, which calls for a 63,441-square-foot hotel to be built on 4.42 acres at the southeast corner of Parkway Calabasas and Park Sorrento, said city Planning Director Steven Harris.
March 14, 2000
A look at recent commercial leasing and sales activity in Orange County. LEASES * Cox Communications Address: 9451 Toledo, Irvine Spectrum Space: 27,200 sf Term: 5 years Value: $2.3 million Landlord: Kilroy Realty Corp. Lessee broker: Cushman Realty Corp. Landlord broker: Cushman & Wakefield, South Orange County office SALES * Industrial building Address: 19652 Descartes, Foothill Ranch Size: 19,268 sf Price: $1.6 million Buyer: Performance Equipment Co. Seller: Foothill Ranch Co.
May 4, 1999 |
VPA Inc. plans to expand and relocate its headquarters operation to a building to be erected next to its current Calabasas headquarters. After considering alternative sites from the Warner Center to Agoura, VPA opted to stay near its leased Calabasas Road offices in a building to be developed by Kilroy Realty Corp., said broker Bryan Lewitt of Staubach Los Angeles, VPA's real estate consultant.
December 24, 1997 |
It's no wonder commercial real estate investment broker Bob Safai was comfortable setting up his new Madison Partners "boutique" brokerage at the 3130 Wilshire Blvd. building in Santa Monica. After all, Safai has sold the six-story building three times in the last 14 months by capitalizing on heavy interest in the Westside market, driven by real estate investment trusts and institutional investors.
February 5, 2002 |
Commercial real estate developer Kilroy Realty Corp. has seen most of its new buildings fill with tenants even as the region's economy has declined over the last year or so. Nearly all of the company's new office buildings--and even some still under construction--are fully leased. But the company has struggled to find tenants for the two newest buildings at its Westside Media Center project ever since would-be "anchor" tenant EToys closed its doors.