September 25, 2013 |
One of the pioneers behind a lively strip of new bars and restaurants in downtown Los Angeles has launched plans to expand. The owners of busy Bottega Louie restaurant - known for its vast menu, long waits, tasty pastries and deafening crowds - have rented quarters in a historic office building across 7th Street. They are adding a kitchen, tasting room, training facilities and headquarters offices. The move is part of an accelerating expansion of bars, restaurants and residences along 7th Street, which was once a key shopping boulevard but fell moribund in the closing decades of the 20th century as much of downtown decayed outside of the financial district.
September 17, 2013 |
In one of the largest office building sales of the year in the Inland Empire, investor Michael G. Rademaker has acquired buildings in Ontario and Rancho Cucamonga in a $26.6-million transaction. Rademaker, founder and chief executive of Upland property brokerage MGR Real Estate, bought Centerlake Plaza. The six-story building at 3401 Centerlake Drive sits on more than 3.5 acres near the intersection of Haven Avenue and the San Bernardino Freeway in Ontario. As part of the deal, he and his partners also bought the two-story Havengate Center at 10350-10390 Commerce Center Drive in Rancho Cucamonga.
September 4, 2013 |
With the lines between our work lives and personal time blurring as new technology unchains us from our desks, the notion of what a desirable office looks like is also changing. Corporate America is moving away from conventional layouts where an employee's status is measured by the amount of space he occupies. Instead, more compact, playful designs are coming into favor. People can do their jobs almost anywhere with their cellphones and laptops, the reasoning goes, so let's make the office a place where people are stimulated by close interaction at their workstations and chance meetings in inviting public spaces such as lounges and coffee bars.
September 3, 2013 |
Three office buildings in Mission Viejo and Newport Beach have sold in two transactions that, combined, industry observers valued at more than $90 million as investor demand for Orange County commercial properties heats up. The sales to large national investors are a sign that the county's office market is recovering from the drubbing it took after the mortgage industry began to contract in 2007, said real estate broker Ryan Gallagher of HFF. ...
August 11, 2013 |
SACRAMENTO - Gov. Jerry Brown is embroiled in potentially costly lawsuit over a Gov. Arnold Schwarzenegger-era real estate deal gone bad. At the center of the legal battle is the Golden State Portfolio, a collection of 11 state office buildings, including two in downtown Los Angeles, that Schwarzenegger agreed to sell to investors for $2.3 billion before leaving office at the end of 2010. Schwarzenegger launched the deal to help fill a $25-billion deficit in the recession-racked state budget.
August 7, 2013 |
Live Nation Inc., the world's largest concert promoter, will expand its Beverly Hills headquarters into the building next door. The entertainment company, which already occupies a 1920s-era cold storage plant turned office building near City Hall, has agreed to rent 33,000 square feet in another former industrial building at 9350 Civic Center Drive. The buildings date from a time when Beverly Hills still had a blue-collar business district, and they were updated more than a decade ago with designs by Los Angeles architect Barton Myers into offices intended to appeal to companies in creative fields.