12-Story Trophy Office Tower Sells in San Pedro

12-Story Trophy Office Tower Sells in San Pedro

Topaz Tower Apartments — a 12-story, 292,540-square-foot trophy office tower fully entitled for adaptive reuse to a class A, high-rise apartment project — has sold for an undisclosed price Newmark Group Inc. Co-Head of U.S. Capital Markets Kevin Shannon, Executive...
Mixed-Use Site at Warner Center Closes

Mixed-Use Site at Warner Center Closes

A multifamily mixed-use development site at 6036 Variel Ave. in Woodland Hills has sold for $7.2 million, or $137 per square foot.  CBRE Group Inc.‘s Laurie Lustig-Bower and Kamran Paydar represented the seller, a private investor, in the sale. The property was...
Six-story, 60-unit apartment building underway at 222 Alvarado

Six-story, 60-unit apartment building underway at 222 Alvarado

Between Temple Street and the US-101 Freeway in Westlake, local developer Urban Stearns has razed a pair of duplexes and single-family homes to make way for a new multifamily residential complex. The project, now under construction at 222 N. Alvarado Street, will...
Housing + hotel to replace industrial building in Warner Center

Housing + hotel to replace industrial building in Warner Center

An empty light industrial building in Warner Center is the site of the latest mixed-use project planned for the West Valley commercial district.   Urban Stearns, a local real estate investment firm, has filed plans with the Los Angeles Department of City Planning...