Mani Brothers Real Estate Investment

The former West Hollywood headquarters of noted architect Charles Luckman was sold Wednesday for a near-record price per square foot in Los Angeles County, accentuating a run-up in local office values over the last few years. Los Angeles-based Mani Bros. Real Estate Group bought two Sunset Boulevard office buildings on the eastern border of Beverly Hills for undisclosed terms, said Chief Executive Simon Mani.

The former West Hollywood headquarters of noted architect Charles Luckman was sold Wednesday for a near-record price per square foot in Los Angeles County, accentuating a run-up in local office values over the last few years. Los Angeles-based Mani Bros. Real Estate Group bought two Sunset Boulevard office buildings on the eastern border of Beverly Hills for undisclosed terms, said Chief Executive Simon Mani.

Los Angeles-based Mani Brothers Real Estate Investment has sold a 60,000-square-foot office building in Sherman Oaks to Douglas Emmett Realty for $12.5 million. The four-story building on Ventura Boulevard is anchored by Sanwa Bank and has about 20 other tenants. Bob Safai of Madison Partners represented Mani Brothers in the sale.

A Los Angeles real estate firm bought 801 Tower, a high-rise in the financial district, for $105 million, the highest purchase price on a square-foot basis ever recorded for a downtown office building. Family-owned Mani Bros. paid about $240 a square foot for the distinctive 24-story pink granite tower at the southwest corner of Figueroa and 8th streets, partner Simon Mani said. The sellers were CommonWealth Partners and the California Public Employees' Retirement System.

A family-owned Los Angeles real estate firm bought the Beverly Sunset Medical Building in West Hollywood from Arden Realty for $33 million. Mani Bros. Real Estate Investment paid 15% more for the building than Arden did five years ago, a sign that the Westside medical office market continues to perform well for landlords. Arden, the region's largest office landlord, bought the building in late 1997 for $28.8 million, according to real estate data provider CoStar Group Inc.

A Los Angeles real estate firm bought 801 Tower, a high-rise in the financial district, for $105 million, the highest purchase price on a square-foot basis ever recorded for a downtown office building. Family-owned Mani Bros. paid about $240 a square foot for the distinctive 24-story pink granite tower at the southwest corner of Figueroa and 8th streets, partner Simon Mani said. The sellers were CommonWealth Partners and the California Public Employees' Retirement System.

Mani Bros. Real Estate Investment has leased three of the top floors in the former H.F. Ahmanson Co. headquarters building at 660 S. Figueroa St. in Los Angeles to the law firm of Manning & Marder, Kass, Ellrod, Ramirez. The new tenant will get its name on a sign atop the turreted copper roof of the downtown landmark. The 10-year, $13.5-million lease for 47,272 square feet of office space was announced by Mani Bros. and John Marder, a founder of the law firm.

Mayor Antonio Villaraigosa collected more than $761,000 for his education reform efforts during the last six months of 2006, some of it from companies and individuals who have had business before the city but no direct link to education, according to financial reports filed with the state Wednesday. The funds come on top of more than $1 million collected by Villaraigosa during the first six months of last year.

A family-owned Los Angeles real estate firm bought the Beverly Sunset Medical Building in West Hollywood from Arden Realty for $33 million. Mani Bros. Real Estate Investment paid 15% more for the building than Arden did five years ago, a sign that the Westside medical office market continues to perform well for landlords. Arden, the region's largest office landlord, bought the building in late 1997 for $28.8 million, according to real estate data provider CoStar Group Inc.

Mani Bros. Real Estate Investment has leased three of the top floors in the former H.F. Ahmanson Co. headquarters building at 660 S. Figueroa St. in Los Angeles to the law firm of Manning & Marder, Kass, Ellrod, Ramirez. The new tenant will get its name on a sign atop the turreted copper roof of the downtown landmark. The 10-year, $13.5-million lease for 47,272 square feet of office space was announced by Mani Bros. and John Marder, a founder of the law firm.

Los Angeles-based Mani Brothers Real Estate Investment has sold a 60,000-square-foot office building in Sherman Oaks to Douglas Emmett Realty for $12.5 million. The four-story building on Ventura Boulevard is anchored by Sanwa Bank and has about 20 other tenants. Bob Safai of Madison Partners represented Mani Brothers in the sale.