Printer Friendly
The Free Library
14,735,279 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Creative Office Renovations Creeping Farther to the East.


CREATIVE office conversions are moving east from Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. .

Beverly Hills-based PMT See photomultiplier tube.  Properties purchased the 24,400-square-foot office building at 10951 Pico Blvd. in West L.A., a block west of the Westside Pavilion The Westside Pavilion is a shopping mall located in West Los Angeles. It is owned and operated by The Macerich Company. It is a three story urban-style shopping mall with 150 shops and is anchored by a Macy's (formerly May Company and later Robinsons-May) and a Nordstrom. . The Center for Law in the Public Interest Foundation sold the building for about $3.55 million.

PMI See Private Mortgage Insurance. , which has done several Westside creative office conversions, plans to give the facade a contemporary look, add windows and convert offices inside to creative office space, with high ceilings and exposed structural work, wood floors, operable operable /op·er·a·ble/ (op´er-ah-b'l) subject to being operated upon with a reasonable degree of safety; appropriate for surgical removal.

op·er·a·ble
adj.
 windows and designer lighting.

Jeffrey Palmer, a partner at PMI, said the building will be renamed the Soho Creative Offices "to reflect its soon-to-be look."

"This is what we consider on the fringes of the outgrowth from Santa Monica," said Palmer, who also developed the Penn Station project in Santa Monica. "The area is very convenient to the Westside and rich in amenities, but it's an overlooked area. We are pioneering."

Barry Gordon of Marcus & Millichap represented the buyer and seller.

Further evidence of the trend is that the owner of Westside Pavilion, Macerich Co., is contemplating converting some space in the mall's adjacent outdoor retail center into creative office space.
COPYRIGHT 2000 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Comment:Creative Office Renovations Creeping Farther to the East.
Author:HAYES, ELIZABETH
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1U9CA
Date:Aug 21, 2000
Words:199
Previous Article:Bonds Have Taken a Beating but Now Show promise.(Brief Article)(Statistical Data Included)
Next Article:Grocery Shopping.(Brief Article)
Topics:



Related Articles
SL Green acquires Midtown landmark. (SL Green Realty Corp.)
Repositioning office buildings in the suburban tri-state market.(Focus on: Suburban Markets)
Up-to-date shopping centers stay ahead of the curve.
Report: Market continues to surge.(in New Jersey)(Brief Article)(Statistical Data Included)
Commercial RE market creeping towards recovery in 2002.(real estate)(Brief Article)
Macklowe plans sale of apartment buildings.(Brief Article)
36,000 s/f leases demonstrate commitment to Downtown.
Major renovation completed at South Bronx complex.
830 Morris gets a makeover.(New Jersey)(Stone Mountain Properties selects Cushman & Wakefield of New Jersey, Inc. as its leasing agent)
Emmett sets new benchmark with Comerica Bank Rent.(REAL ESTATE QUARTERLY--San Fernando Valley and North County)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles