Perfect Storm

2015 Allen Matkins | UCLA Anderson Forecast

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ROGER VINCENT AND ANDREA CHANG

google playa vista

The tech titan has spent nearly $120 million on 12 vacant acres next to a historic hangar where aviator Howard Hughes built his famous “Spruce Goose” airplane in the Playa Vista neighborhood near Marina del Rey. The land is zoned for nearly 900,000 square feet of commercial space that could house offices or studios, vastly more room than Google now occupies in a handful of buildings in Los Angeles County.  Read more…

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Coastal Boom

Allen Matkins | UCLA Anderson Forecast

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Client Bulletin

thindwest_summer_2014

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Something Like This in Silicon Beach Would Be Mind Blowing!

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From the Wall Stree Journal.

‘Everyone is excited to finally have a place to stay. I’ve always wanted to develop a creative hub,’ Luchford says.

Click Here to READ more…

RoseHotelVenice

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Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey Sees Surge in Developer Optimism

Development Activity Expected to Accelerate in Most Markets

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A prime Westwood Village property and a Beverly Hills corner retail Property Sold For Over $1,000 per Square Foot of Ground Floor Space.

Read more here…

Beverly Hills and Westwood SOLD Dec 2013

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Historic Westwood Village

In an unprecedented and game changing move, Urban Outfitter (NASDAQ:URBN) is more than doubling its Westwood Village presence through the signing of  its lease with Topa Management Company for 16,556 square feet on Westwood Boulevard.

According to Chris Kuklinski, “We are seeing increasing interest in Westwood from better retail and restaurant concepts.  The incredible success of 800 Degrees Neapolitan Pizzeria, who recently expanded into additional space within Topa’s portfolio, is one outstanding example of this transformational shift.

Retailers are taking note of the consistent traffic flowing through the Village that includes high-income local residents, white-collar office workers in the 4.5 million square feet of Class A office space and the average daily population of approximately 75,000 students, staff and visitors at UCLA’s campus and Medical Center.

Read the full announcement here…

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