Commercial Real Estate News
Pasadena-based Alexandria Real Estate Equities Buys Culver City Office Campus

Pasadena-based Alexandria Real Estate Equities Inc. has purchased Bristol 61, a four-building creative office campus in Culver City for $39.15 million, according to the “L.A. Business Journal.” The Culver City office campus was reportedly purchased from Boston-based Intercontinental Real Estate Corporation and The Swig Company of San Francisco. The two companies announced the sale Feb. 11, according to the Feb. 12 account. The campus, at…

Apartment Building on North Michigan Sells for $14 Million

Google Maps Screengrab A building located at 165 North Michigan Avenue has been sold to a private investor for $14 million. The edifice boasts 18 one-bedroom, one-bathroom units, 24 two-bedroom, two-bathroom units, and three three-bedroom,…

David Damus, CEO of Pasadena’s System Property Development, Inc., Named to Board of National Parking Association

Real estate executive and lawyer David Damus, who’s currently CEO and Chairman of the Board of Pasadena-based System Property Development Inc., has been elected as Vice-Chairman of the Board of Directors of the National Parking…

Altadena Office Building Reportedly Sells for $11.1 Million

First City Credit Union has acquired a 55,000 square-foot modern office building in Altadena for $11.5 million, commercial real estate news outlet RenTV said in a report Tuesday. The report said the property, which was…

Pasadena’s Alexandria Real Estate Buys Landmark Office Property in Seattle

Image courtesy of Equity Office Alexandria Real Estate Equities in Pasadena has acquired the 5th & Bell Building in Seattle for $95 million. Alexandria bought the building from Blackstone, which acquired the building from Hines…

Coretrust Acquires Pasadena’s Largest Office Campus

Coretrust Capital Partners LLC has purchased Corporate Center Pasadena, a four-building site on South Lake Avenue that is said to be the largest office campus…

ACCO Buys New Headquarters Building in Pasadena for $112 Million

ACCO Engineered Systems, which designs, fabricates, installs and maintains commercial and industrial HVAC, refrigeration, plumbing, process piping, and building automation systems, has acquired the former…

Cotton Medical Center in Pasadena Receives National Award for Excellence in Healthcare Real Estate

Cotton Medical Center, a 115,000-square-foot, two-building medical office complex near the Huntongton Hospital in West Pasadena, has been awarded the prestigious 2017 HREI Insights Award…

The Theo, New Six-Story Residential Facility, Rises Near Historic Pasadena House

Construction is now underway on a new 105-unit multifamily building at 289 North El Molino Avenue in Pasadena.. Dubbed as The Theo, the building is…

Meridian Names Cypress West as Property Manager of 115,000 Square Foot Newly-Renovated Cotton Medical Center in Pasadena

Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has retained Cypress West Realty Management of Rancho Santa Margarita, Calif., to manage Meridian’s 115,000-square-foot medical office complex in Pasadena, California. CEO John Pollock, categorizes the new partnership as “a strategic move forward.” He continues, “Having completed the extensive renovation of Cotton Medical Center, we now want to focus on providing our tenants and the community best-in-class management services.” Meridian purchased Cotton Medical Center in January 2016 for $37.5 million. Cotton Medical Center is located near the Huntington Memorial Hospital, one…

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