Large Local Developments Near Completion.WHAT'S in the works for next year? TrizecHahn Development Corp.'s vaunted vaunt v. vaunt·ed, vaunt·ing, vaunts v.tr. To speak boastfully of; brag about. v.intr. To speak boastfully; brag. See Synonyms at boast1. n. 1. Hollywood & Highland will come online. Caruso Affiliated Caruso Affiliated is a real estate development company in California, U.S.A.. It is headed by Rick Caruso. It is known particularly for building higher-end outdoor shopping centers. Holdings' Grove at Farmers Market will near completion. Office buildings from M. David Paul's Media Studios North office campus in Burbank to the next building at Kilroy Realty Corp.'s Westside Media Center are already going up. So where are the shovels hitting the soil in L.A. County in 2001? One distinguishing characteristic Noun 1. distinguishing characteristic - an odd or unusual characteristic distinctive feature, peculiarity characteristic, feature - a prominent attribute or aspect of something; "the map showed roads and other features"; "generosity is one of his best of the 2001 construction scene is that a number of projects will be on land vacated by defense-related companies. "It's very difficult to find a site that has 102 acres right along a freeway in urban Los Angeles," said Bill Bauman, senior vice president of retail properties at Colliers Seeley International. * That's just what's happened with Zelman Development Co., which is starting work on Burbank Empire Center, a 750,000-square-foot power center on a 102-acre property bought from Lockheed Martin Corp. City approvals came in November and the center, which would become the largest in L.A. County, is to include extended-stay hotels and retail. Menlo Equities is building the 390,000-square-foot phased-in office portion on 17 acres. * J.H. Snyder Co. plans to break ground on the West Hollywood Gateway at La Brea Avenue La Brea Avenue is a prominent north/south thoroughfare in Los Angeles. After Hawthorne Boulevard intersects with Century Boulevard in Inglewood, La Brea Avenue is formed. La Brea passes north through Windsor Hills, Baldwin Hills, and Ladera Heights. and Santa Monica Boulevard, a 350,000-square-foot project that includes 270,000 square feet of retail and 80,000 square feet of office space. Over in Agoura Hills, Snyder also has a 400,000-square-foot office development in the works. * Lowe Enterprises will start the first phase of a 100-acre project on a former Northrop Grumman facility in Hawthorne, split between retail, office, high-end industrial and telecom uses. * Majestic Realty Co. expects to break ground at River Station at North Spring. Street in Chinatown, east of downtown L.A., a 910,000-square-foot industrial project. * Chicago-based developer JMB JMB Journal of Molecular Biology JMB Jama'atul Mujahideen Bangladesh JMB Jamaatul Mujahideen Bangladesh (Islamic terrorist group) JMB Joint Matriculation Board JMB Joint Maintenance Board JMB Journal of Mathematical Behaviour Realty Corp's $250 million, 700,000-square-foot Constellation Place in Century City will start construction. Entertainment giant Metro-Goldwyn-Mayer Inc. is lined up to move into 17 of the 34 floors. Expect more deals to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. this year. * Developer Diversified Realty Corp.'s CityPlace in Long Beach will take shape as the 475,000-square-foot de-malling of Long Beach Plaza Long Beach Plaza was a two-level 675,716 square foot shopping mall located in Downtown Long Beach, California. It was designed in the 1970s by the Hahn Company and opened in 1982. . The project will include 328 residential units, a 138-room hotel, and will open up streets that were closed off in 1982 when the mall was first built. * Vestar Development Co. is expected to close escrow in the first quarter of 2001 on 55 acres formerly owned by Northrop Grumman Corp. in Pico Rivera and start construction on 630,000 square feet of retail. That's part of 157 acres that Irvine-based developer Sares Regis is under contract to master develop. * Ground will break on Playa playa or pan or flat or dry lake Flat-bottomed depression that is periodically covered by water. Playas occur in interior desert basins and adjacent to coasts in arid and semiarid regions. Vista's Fountain Park parcel, a 420,000-square-foot commercial development by MaguirePartners with financing from Equity Office Properties Trust Equity Office Properties Trust, headquartered in Chicago, Illinois, is the largest owner of office buildings in the United States. It was formed in 1976 by Samuel Zell [1] and in February 2007, was acquired by the Blackstone Group for $23 billion plus the assumption of . * MaguirePartners will also build a 300,000-square-foot office building in Glendale, a joint venture with Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. Corp., as well as the second phase of the 350,000-square-foot, eight-story Plaza Las Fuentes in Pasadena, which will face Colorado Boulevard and have 65 housing units. * The tome-like draft environmental impact report for L.A. Arena Co.'s Staples Center expansion project, a massive retail/entertainment project, is set to be released after the first of the year. That's when it will become clear just how far-reaching the benefits of Staples Center will be -- and just how much momentum downtown revival efforts have maintained. The big questions are how big the hotel will be and how much will developers expect the city to pony up for the project to pencil out. * Los Angeles Center Studios' 450,000-square-foot renovation of the former Unocal Corp. headquarters off Bixel treet in downtown will come online in 2001. The company hopes to lease it to entertainment companies in an area that hasn't seen much other action. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , the company will break ground in the coming months on six more studios, fueled by strong demand for major motion picture work. * Crown Realty & Development is building its 200,000-square-foot expansion of Wateridge Park in Culver City; Kilroy Realty Corp. is building the next phase of its Westside Media Center; and Overton Moore Properties has a number of projects underway including the 170,000-square-foot Cross Pointe at South La Cienega Boulevard La Cienega Boulevard is a major north/south arterial road that runs from El Segundo Boulevard in El Segundo, California on the south to its end on the Sunset Strip/Sunset Boulevard in West Hollywood. and Pacific Concourse Drive and the $44 million, 216,000-square-foot Douglas Technology Centre on North Douglas Street. Also, the second phase of Overton Moore's 1.9 million-square-foot Port Los Angeles Distribution Center is in the works. |
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