Rail adjacent.Marina del Rey-based real estate developer Second Street Ventures and real estate investment management company AEW AEW Airborne Early Warning AEW Air Expeditionary Wing AEW Airborne Electronic Warfare AEW Agr' Eau' Wat (Canadian agricultural consultant) AEW Amckerns Explosion Wars (Half Life community) Capital Management LP have teamed up to purchase a development site in Culver City Culver City, city (1990 pop. 38,793), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1917. It is a center of the U.S. motion-picture industry, whose roots in the city date to c.1915. Its chief manufactures are rubber products and computers. for $8.25 million. The deal with seller Betts Real Estate Partnership for nearly 2 vacant acres at 9919 Jefferson Blvd. closed May 17. Second Street plans to develop a low-rise office campus on the site and expects to complete the project in two years. The property lacks entitlements. "I think the Culver City market has matured into a destination for office in its own right," said David Jordon, a principal at Second Street. "It is as legitimate a location as any other on the Westside." The 115,000-square-foot project will be marketed at creative office users, said Adam Browning, another Second Street principal, who added that the redevelopment of downtown Culver City has been a boon for the area. "The redevelopment agency did a wonderful job in the downtown core
The Downtown Core is a 266-hectare urban planning area in the south of the city-state of Singapore. ," he said. In the last few years Culver City has become a haven for creative office users and has become a hip, less expensive alternative to other office submarkets on the Westside. The Marina and Culver City office market had an 8.1 percent first quarter vacancy rate, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Grubb & Ellis Co. The area's average asking rent for Class A space was $3.29 per square foot per month, up from $2.60 a year earlier. Browning said that it should take about nine months to get the parcel entitled for the office development. He noted that Culver City has a "great amenity base" and the development will be located near a proposed Expo Line
The Expo Line light-rail stop. "It has great access to freeways and other parts of the Westside," he said. The deal marks the third time in the last 18 months that Second Street and AEW have teamed up to purchase property. Dan Spell of NAI See Network Associates. Capital Commercial represented the seller in the deal. Second Street Ventures represented itself and AEW in-house. Staff reporter Daniel Miller People called Daniel Miller include:
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