Los Angeles Office Space: Q3 Market Report

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One of the largest expenses for a business is the office space that the company occupies.  Being informed about the current market place, rates, and future trends can help a business make the best decision on the office space they occupy.  Most executives and company leaders spend their days trying to make their businesses profitable. I would advise these company leaders to get connected with a commercial real estate broker who can help them keep their finger on the pulse of the local market. This relationship will help a business leader stay informed, and make the best decisions possible for the company’s real estate.

With that said, below is a link for the Los Angeles 2012 3rd Quarter Office Market Report:

http://www.charlesdunn.com/wp-content/uploads/MarketResearchReport-Office-3Q2012-LACounty.pdf

Please feel free to contact me with any questions.

Kyle Gulock

 

 

The Wilshire Grand Site Redevelopment

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By Kyle Gulock:

As anyone who has crossed the Figueroa and Wilshire intersection lately has noticed, the Wilshire Grand has closed, and is in the process of being demolished. The demolition started about two weeks ago, and workers can be seen inside removing the interior features of the once DTLA landmark. There has been a lot of debate and speculation on what the best use for 930 Wilshire location is. As of now, it appears Downtown Los Angeles will be growing vertically. The proposed building will surpass the U.S Bank tower by 250 feet, to become the tallest building in Los Angeles. At this point, details about the project are few and far between. However, at this point, information about the proposed project can be found below:

http://www.wilshiregrand.com/

http://en.wikipedia.org/wiki/Wilshire_Grand_Tower

Los Angeles Office Space: Q2 Market Report

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By Kyle Gulock:

Working in the Commercial Real Estate business, I am always asked by my clients “How is the market?”. Well, it really depends on perspective, sector, and which side of the transaction you are on. The landlord’s perspective is going to be different than the tenant’s, and Office space is going to differ from Multi-family. At Charles Dunn, we create quarterly market reports to answer that questions a little further. In the link below, you will find the:

2012 Q2 Office Market Report for Los Angeles County:

 

Downtown Los Angeles City Target Set to Open October 14th

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By Kyle Gulock:

City Target is set to open in Downtown Los Angeles on October 14th. This store will bring 250 jobs to the downtown area, and fill a retail void for local residents. Along with City Target, Neiman Marcus, and Sport Chalet are slated to move into the redeveloped area known as FigAt7th. For a complete list of retailers moving into FigAt7th, click on the link below:

http://www.figat7th.com/

Charles Dunn Company: Your Real Estate Is Our Business

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By Kyle Gulock

Charles Dunn Company was founded in 1921 and is one of the largest real estate firms in the Western United States. Charles Dunn is headquartered in downtown Los Angeles, and located at 800 W. 6th Street, suite 500, Los Angeles, CA 90017. Our mission statement is: Real Estate service excellence through knowledge, dedication, and teamwork. We believe that your real estate is our business.

Check out the link below to learn more about the work we do, and the values our company is built on.

http://www.charlesdunn.com/about