Thomas’
Hammond Sites ‘Synergy’ of “Vision
Plan’
Top
Story
| With over 100 AIR members and guests plus
an impressive list of affiliate sponsors anxious
to receive first-hand insights into one of the
most exciting projects planned for close-in
Los Angeles in years, Ayahlushim Hammond, senior
vice president of Thomas Properties Group (TPG),
spoke during the exciting May 23 “Broker
Networking Event” with panoramic views
of the site where her company will play a central
role in the recently announced long-term “Vision
Plan” for the 391-acre Universal City
property, home to Universal Studios, Universal
Studios Hollywood theme park, and Universal
CityWalk. |
Speaking in the
dramatic Rooftop Garden of the Sheraton Universal
Hotel, Hammond underscored that TPG will build
a proposed new studio and office campus at the
Universal City MTA station. NBC Universal would
become the major tenant in the new studio complex
to be developed by TPG, which would include
200,000 square feet of production facilities,
450,000 square feet of entertainment-related
office space, as well as a comprehensive parking
plan.
|
“We’re looking at an underutilized
site in a niche market that we are thrilled
to be part of. NBC was short of office space
and asked us to help them increase that component.
Refreshing “City Walk, an amphitheatre
and 3000 residential units are also key components,
along with 300,000 sq. ft. of build to suit
studio production space in phase one. The studio
production business has changed toward a more
creative, digitalized mode, so more space of
this kind is required,” said Hammond.
She added that NBC will occupy 50 percent of
the office space, with the balance being spec
space. |
Hammond emphasized that the “Vision
Plan” will be a “smart” project
and accent sensitivity to lifestyle issues.
“The project will be transit-oriented
and feature “green buildings”, while
introducing high image signage. Additionally,
it will synergize with Lankershim Boulevard,
which is the anchor for the region. We expect
to reduce traffic by 20 to 30 percent.”
Hammond added that “Casa de Cahuenga”,
a historic site and the birthplace of California,
lies in the midst of the new project adding
special appeal to the development.
|
| Also during the “Networking” event,
Tim Hayes, executive director of AIR, reported
that the Association is completing customized
standardized forms for the State of Illinois,
bringing to seven states now featuring forms tailored
to their specific needs. Hayes also demonstrated
the new AIRMobile system, illustrating how prospects
can inquire about properties via their cell phones
by using special information provided on property
signage. |
| AIR salutes the outstanding sponsors of the
May event. They were Business Community Capital,
Chicago Title Company, Commerce Escrow Company,
Dynamic Builders, First American Exchange Company,
and Michelman & Robinson, LLP. The next “Networking”
event is October 24 at the elegant Pacific Club
in Newport Beach. |
AIR Offers A Range of Insurance Benefits
Member
Benefit
| The AIR offers its members numerous insurance
packages and benefits in concert with UNUM/Provident
Insurance Company and DPA Insurance Services.
DPA offers our brokers Errors and Omissions
insurance (contact Bill Freeborn @ (800) 942-3080),
while UNUM/Provident provides brokers with a
variety of personal insurance plans, including
Income Disability and Long-Term Care Insurance.
Individual Major Medical and Life Insurance
are also part of AIR’s overall insurance
package. For more information, contact either
AIR’S LA office at (213) 687-8777, or
Insurance/Investment Planner Mary Jo Lunt-Wallo
via e-mail at mjwallo@aol.com,
or call (760) 634-4957. |
AIR
Member Deals
Eastern Region
•
Center, Sprenger Report Industry,
CA Land Deal
Jim Center of Grubb & Ellis’
San Gabriel Valley office and Steve Sprenger of the
firm’s Anaheim office announce that the City
of Industry Urban Redevelopment Agency has purchased
6.15 acres in the City of Industry for $6.7 million.
The property, located at 15000 Nelson Ave, will be
held for future industrial development. Center and
Sprenger represented the Dooley Family Trust of Los
Angeles, the seller. Terry Baker of Majestic Realty
represented the buyer.
South Bay
•
Klabin Trio Handles 356,000 Sq. Ft. First Industrial
Realty Trust Buy
First Industrial Realty Trust, Inc., the nation’s
largest provider of diversified industrial real estate,
has purchased a vacant 356,000 sq. ft. building on
14.5 acres in Rancho Dominguez with plans to convert
the former warehouse into a modern logistics facility,
according to The Klabin Company.
Frank Schulz, Todd Taugner,
SIOR, and David Bales, all in Klabin’s
Torrance office, represented First Industrial Realty
Trust in its acquisition of property located at 3015
Ana St. Purchase price was not disclosed. First Industrial
will shortly be underway with a major re-configuration
of the property at an investment exceeding $4 million
and involving the demolition of 150,000 sq. ft. of
the structure and redevelopment of the balance. The
renovated building will comprise 213,000 sq. ft. and
feature 55 dock high loading positions, and 5.7 acres
of additional land for container storage and two Union
Pacific rail spurs. A fourth quarter 2007 completion
is scheduled. The Klabin brokers will market the new
facility.
Orange County
•
Garden Grove Business Park Fetches $11.3 Million
John Rothwell and fellow DAUM Commercial
Real Estate Services broker Jim St. Omer Roy
represented the buyer, private investor Twomey Holdings,
LLC, in its acquisition of a 99,674 square foot, five-building
multi-tenant business park in Garden Grove for $11.3
million. The property is located at 12600-12640 Westminster
Ave. Frank Kosi of Sperry Van Ness represented the
seller, SVN Equities.
Ventura County
•
Medical, General Office Complex Set in Simi
Mike Foxworthy, executive vice president
of DAUM Commercial Real Estate Services, reports that
Steadfast Companies has acquired eight acres of land
in Simi Valley for $9.2 million, to serve as the future
site of Woodranch Professional Center, a fully entitled
development approved for a medical and general office
complex totaling 85,103 square feet. The property,
located at the intersection of Madera Rd. and Cancun
St., near Sinaloa Golf Course, is in close proximity
to the Ronald Reagan Library. The new project will
house 26 freestanding “for sale” office
buildings on fee title property comprised of four
8121 two-story buildings along with 22 one-story buildings
ranging in size form 1659 sq. ft. to 4779 sq. ft.
The complex will dedicate approximately 38,000 sq.
ft. to medical use and 47,000 sq. ft. to general office.
The project is expected to break ground this month
with completion scheduled for February 2008. Foxworthy
represented Steadfast Woodranch LLC, the buyer, and
Woodranch Office Park LLC, the seller.
Luke
Staubitz Reponds to Opportunity’s Call
Member
Profile
| Luke Staubitz, SIOR, of The Klabin Company views
industrial and office real estate brokerage as
a never-ending opportunity on a variety of fronts. |
| “My partner Harvey Beesen and I approach
the business as a never ending opportunity to
meet good people, solve problems, work hard and
have fun. I particularly enjoy cooperating with
other brokers, especially when competitors are
able to come together, each pulling his or her
weight the entire distance to put together a deal
where everyone walks away feeling they’ve
done a good job,” Luke says. |
| A principal and shareholder in the Los Angeles
office of Klabin, Luke joined the firm in 1990
after two years service with CBM/La Mancha Development
in West Los Angeles. |
| Focusing on industrial/office tenant and landlord
representation, owner/user sales, investment and
land sales, Luke has transmitted his industry
expertise to industry leadership. For the past
five years, he has served as a member of the Board
of Directors of SIOR’s Los Angeles Chapter,
and is, of course, a long time member of AIR,
and of CORFAC International. |
| Among his outstanding clients are U.S. Trust,
Hellman Worldwide Logistics, Eaton Corporation,
Megatrux, Inc., Philip Environmental, Summa Properties,
Wyle Laboratories, Nexus Properties, South Bay
Investment Properties, Tokai Kyowa Toyo, Peripheral
Support, and Deutsche Post Global Mail. Asked
to single out his outstanding transactions, Luke
modestly says “No one particular transaction
stands out over the years as much as the many
good times I have enjoyed working with other brokers.” |
| Originally from Massachusetts, Luke graduated
from UCLA in 1988 with a Bachelor of Arts degree
in Political Science/International Relations.
He and his wife Marilyn and daughters Liesel,
10 and Giglia, 8, reside in Brentwood. In his
leisure, Luke looks forward to coaching his daughters’
basketball teams and attending their AYSO soccer
games. |
Quick
Bursts And Coming Events
AIR Orientation
Meeting, Friday, June 8, Marriott Downtown
L.A. Hotel, 333 S. Figueroa St., Los Angeles. Registration
8 a.m.; program 8:20 a.m. – noon. Presenters:
Corey Spound, orientation chair; Chuck Noble, education
chair, and Doug Earnhart, MULTIPLE chair. Call (213)
687-8777 for reservations.
Broker Networking Event, October 24, Pacific
Club, Newport Beach; 5:30 pm. FREE
25th Annual “AIR Golf Classic”,
September 11, Industry Hills Golf Club.
Member
Deals and Profiles - As soon as you close a substantial
deal, make sure you give Art Ansoorian a call. Your
deal will be featured in the next issue of AIRWaves.
Also be sure to get your personal bio over to Art and
be a featured member in the newsletter; it's a great
way for everyone to meet fellow members! Call Art at
(805) 653-1648, or email him at artpr@earthlink.net.
In-House Training - The AIR offers
training for e-MULTIPLE, WinAIR Forms, and AIRMail.
If a group of brokers or staff from your office would
like to have the AIR bring training to you in-house,
contact Martin Vartanian at (213) 687-8777. A number
of firms have already taken advantage of this great
service and been very pleased with the results.
We Need Your Photos and Bios –
AIR is in the process of building its database of member
photos and bios. If you would like your photo and bio
to appear on the AIR website at www.airea.com,
please send them via mail or e-mail to Martin,
or if you have questions, call him at (213) 687-8777.
Tech
Tip
e-MULTIPLE - How
can I save a report and email it to a client?
Once you have selected Create Report, on the
next screen you have the option to left click
or right click on the pdf report output.
If you right click, one of the options you have is Save
Target As; select the option and a Save Dialog Box
will appear asking you to save the file on your hard
drive. Once you have the file saved you can attach the
file to your email.
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