California Bank & Trust Leases 29K SF in Aon Center, LA - Real Estate Updates - News Directory 3

California Bank & Trust Leases 29K SF in Aon Center, LA – Real Estate Updates

November 18, 2024 Catherine Williams News
News Context
At a glance
  • Stewart Weston and Rosie Cooper Join Matthews Real Estate Investment Services:
Original source: bisnow.com

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.

Worth a look