California Bank & Trust Leases 29K SF in Aon Center, LA – Real Estate Updates
Aon Center Lease Agreement
Table of Contents
Location: The Aon Center, 707 Wilshire Blvd., Downtown Los Angeles
Lease Details:
- California Bank & Trust has signed a lease for nearly 29,000 square feet.
- This space will serve as the bank’s new headquarters in Los Angeles.
Brokerage Information:
- The leasing agents included Matthew Heyn and Ian Gilbert from Colliers.
- California Bank & Trust was represented by Adam Seltzer of CBRE and Mike Gouletas.
People Movements
Carlos Lopez Hired:
- Position: Executive Vice President of Capital Markets at SRS Real Estate Partners, Newport Beach.
- Experience: Nearly 30 years in retail property sales, formerly at Hanley Investment Group.
Stewart Weston and Rosie Cooper Join Matthews Real Estate Investment Services:
- Position: Executive Vice Presidents for Investment Sales.
- Specialization: Multifamily and land sales, with over $13.4 billion in sales across 888 transactions.
Ankush Israni Joins Greenberg Traurig:
- Role: Shareholder in Los Angeles office.
- Background: Over 14 years of experience in real estate transactions, previously with Jones Day.
Recent Sales
Capstone Advisors:
- Acquisition: Beachwalk Shopping Center in Solana Beach for $32 million.
- Size: 56,000 square feet with a mix of retail tenants.
Stos Partners and Apartment Worth:
- Sold: 938 N. Fig St., Escondido for $7.9 million.
- Property: 14 townhomes, previously purchased for $4.3 million in 2022.
Construction Update
DECA Warehouse Development:
- Project: Perris Gateway, 855,000 square foot warehouse/distribution facility.
- Location: Perris, CA, on 42 acres.
- Note: This is the second phase of the project.
Financing News
Castle & Cooke:
- Secured: $140 million for Crossings at Corona, a retail power center.
- Key Tenants: Target, Marshall’s, Kohl’s, Ross.
Gantry Loans:
- $27.8 million for R3 by CLG apartment building, Marina del Rey.
- $18.9 million for three self-storage facilities across Los Angeles and Milpitas.
Marcus & Millichap Capital Corp.:
- Arranged: $6 million refinancing for Magnolia Terrace Apartments, Lakeside, CA.