Creating Hollywood Freeway Central Park Compass Blueprint Demonstration Project Summary Report
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Mitsui to Participate in CIM Group, LLC, a US Real Estate Asset Manager
Mitsui to Participate in CIM Group, LLC, a US Real Estate Asset Manager February 20th, 2017 Mitsui & Co., Ltd. 2 Topics 1. Outline of Mitsui’s Investment 2. The Real Estate Asset Management (“AM”) Market 3. CIM Group, LLC (“CIM”) Overview 4. Strategic Rational and Mitsui’s Value-Add 5. History of Mitsui’s Asset Management Business 1. Outline of Mitsui’s Investment 3 Mitsui will acquire a minority interest in a US real estate asset manager CIM Group, LLC (“CIM”), and invest in CIM’s funds. Mitsui’s 20% (Investment in CIM) Ownership Investment Total investment of USD 450 - 550 million, Amount with adjustments based on terms of the agreement. Investment - Participation in CIM scheduled within FY ending March2017. Timing - Fund investments to follow for the next several years. Mitsui & Co., Ltd. Founders・Principals 100% 100% Sabre Investments, LLC Various CIM Entities (Newly established SPC for this transaction) 20% 80% CIM Group, LLC Fund Fee Advisory Service Commitments CIM Funds Investment Fund I Fund II Fund III Real estate Infrastructure Fund IV Fund V ・・・ 2. The Real Estate AM Market 4 In the AM market, any non-traditional assets are generally known as “alternative asset”, including real estate, infrastructure, private equity, hedge funds etc. Globally, investment in alternative assets is expected to grow at CAGR of over 8% through 2020. Real estate, especially US real estate, is one of the largest asset class in the alternative investment market. In Japan, the low interest rate environment has reduced investment return and Japanese investors’ capital is expected to flow increasingly into domestic and global real estate and infrastructure. -
Board Memo Template
CRA/LA, A DESIGNATED LOCAL AUTHORITY (Successor Agency to the Community Redevelopment Agency of the City of Los Angeles, CA) M E M O R A N D U M DATE: DECEMBER 12, 2016 TO: GOVERNING BOARD 4 FROM: STEVE VALENZUELA, CHIEF EXECUTIVE OFFICER STAFF: BARRON MCCOY, CHIEF OPERATING OFFICER CRAIG BULLOCK, SPECIAL OPERATIONS OFFICER SUBJECT: Land Use Approval – Non-Monetary Action. Consideration of Mitigated Negative Declaration ENV-2014-2948-MND; and, approval of a 65,982 square foot Transfer of Floor Area to allow the construction of a 15-story mixed-use development at 951 S. Broadway & 215 W. Olympic Blvd. in the City Center Redevelopment Project Area. RECOMMENDATIONS That the Governing Board take the following actions: 1. Adopt a Resolution (Attachment C) certifying that the Governing Board has reviewed and considered the environmental effects of the proposed project as shown in the City of Los Angeles’ Mitigated Negative Declaration ENV-2014-2948-MND (“MND”), pursuant to California Environmental Quality Act (“CEQA”) Guidelines set forth in California Code of Regulations Section 15096(f); and 2. Approve the Transfer of Floor Area Ratio (TFAR) of not more than 65,982 square feet from City-owned convention center air rights (Attachment D), pursuant to Sections 512.5 and 520 of the City Center Redevelopment Plan (Redevelopment Plan), by making the necessary determinations which will permit the development of a 15-story, mixed-use development. SUMMARY The recommended actions will facilitate the development of a mixed-used development comprising 163 market rate residential units, including eight (8) live-work condominium units, four (4) units with Mobility Features and two (2) units with Hearing/Vision features and 4,600 square feet of ground level retail space. -
Retail Real Estate Rally in Cali?
COVER STORY, SEPTEMBER 2010 RETAIL REAL ESTATE RALLY IN CALI? While the number of retail properties trading is low, what is trading is going for top dollar. Retailers, meanwhile, are infilling better locations in the Golden State. Randall Shearin While activity is down overall in California retail real estate, the climate itself is vibrant and poised for a comeback. Although the volume of leases getting done is less than it was 3 or 4 years ago, there are a number of large, healthy tenants who have realized now is the time to get into California’s wealthy infill markets that used to have big barriers to entry. “From a tenant perspective, some of the national corporate tenants, as well as the regional tenants are considering jumping back into certain markets,” says Robert Pinon, vice president of corporate retail solutions at Jones Lang LaSalle. “Los Angeles is one of the big ones. Tenants are trying to upgrade some of their real estate or penetrate those markets of L.A. that they weren’t able to get into before due to the real estate opportunities or expense.” While not every tenant is in the market for space, some are looking for deals where they can dictate good terms and good location. “Tenants are being a lot more methodical,” says Pinon. “It has to be the site for the number. Otherwise, tenants are walking.” For landlords, this means paying closer attention to properties, keeping their eyes on existing tenants and future possibilities. “The current climate almost requires the landlords to hyper-manage their own leasing efforts to make sure that attention is paid to the properties,” says Steve Jaffe, executive vice president of Los Angeles-based BH Properties. -
Chapter IV TRANSPORTATION and CIRCULATION
Chapter IV TRANSPORTATION AND CIRCULATION Central City is bordered by a "freeway ring" formed by the Harbor Freeway (Interstate 110) to the west, the Hollywood Freeway (US 101) to the north, the Santa Ana Freeway (Interstate 5) to the east, and the Santa Monica Freeway (Interstate 10) to the south. In addition to the freeway ring, five other freeway corridors provide regional access to the downtown area: the Golden State Freeway (Interstate 5), the Glendale Freeway (State Route 2), the Pasadena Freeway (State Route 110), the San Bernardino Freeway (Interstate 10) and the Pomona Freeway (State Route 60). The Downtown roadway system is basically a grid network of streets which has remained unchanged for decades. The majority of the changes that have occurred on these streets have been to convert some segments into one-way operation. Several streets also serve a regional function by providing access to the adjacent freeway system. These include Hope Street, Grand Avenue, Broadway, and Spring Street in the north-south direction and Third Street, Fourth Street, Fifth Street, Sixth Street, Eighth Street, and Ninth Street in the east west direction. Significant congestion occurs on the regional transportation network due to the combined impacts of trip demands within Central City as well as regional trips that pass through Central City. In fact, more than half of downtown freeway traffic is through traffic. Pedestrian circulation in downtown Los Angeles takes place for the most part during the weekday business hours with the heaviest volumes during the lunch hours. Most of the pedestrian movement occurs between Bunker Hill, the Financial Core, and the Historic Core where daytime employment centers are located. -
5731 Carlton
5731-35 Carlton Way Los Angeles, CA OFFERING MEMORANDUM EXCLUSIVELY LISTED BY KYLE MIRRAFATI SENIOR ASSOCIATE - MULTIFAMILY Direct +1.310.295.4269 Mobile +1.949.533.4650 [email protected] License No. 01911204 LUC WHITLOCK ASSOCIATE - MULTIFAMILY Direct +1.310.844.9371 Mobile +1.310.872.8004 [email protected] License No. 02070426 2 MATTHEWS REAL ESTATE 5731-35 Carlton Way Los Angeles, CA TABLE OF CONTENTS 04 PROPERTY OVERVIEW 06 AREA OVERVIEW 10 FINANCIAL OVERVIEW LOS ANGELES, CA 3 OPPORTUNITY PROPERTY OVERVIEW • Great Location Inside Hollywood’s Studio District • Over 40% Rental Upside Potential • A Walk Score of 86 – Most Errands can be Accomplished on Foot • Large Lot with LAR4 Zoning – Can Build up to 21 Units (By Right) • High Density Rental Market with Strong Demographics Centrally Located in Hollywood’s Studio District DESCRIPTION • 10 Bungalow Units, Built in 1923 • Unit Mix: (10) – 1Bed/1Bath • Secured Entry into a Courtyard Style Building Over 40% Rental Upside • Individually Metered for Gas & Electric Potential • 5 Surface Parking Spaces Located at the Back • No Soft Story Requirements • Well Maintained Building with Several Units Remodeled • Centrally Located Along the 101 Freeway – Accessing the Entire LA Area 5 Surface Parking Spaces • Walking Distance from Restaurants, Groceries, Bars, and other Leisure Activities • Property Sits on a Nice Wide Cul-de-Sac Street • Good Transit – Many Nearby Public Transportation Options • 3,458 Rentable SqFt on a Large 8,750 SqFt Lot with LAR4 Zoning 4 MATTHEWS REAL ESTATE LOS ANGELES, CA 5 AREA OVERVIEW LOS ANGELES, CA As the second largest metropolitan area in the United States, the Los Angeles Metropolitan Statistical Area, or the Southland, consists of both Los Angeles and Orange Counties. -
Mixed-Use Development Site Santa Monica Blvd. at Federal
PACIFIC OCEAN MALIBU VENICE SANTA MONICA Westgate Santa Monica Future Target with ±147 Multifamily Units Developer: CIM Group Anticipated Delivery Date: March 2019 OHIO AVE S BARRINGTON AVE Proposed Whole Foods with SANTA MONICA BLVD ±180 Multifamily Units Developer: United El Segundo Anticipated Start of Construction: Fall 2019 BARRY AVE WEST LOS ANGELES 11600 SANTA MONICA BLVD LOS ANGELES, CALIFORNIA FEDERAL AVE Mixed-Use Development Site Offers Due: Friday, February 8, 2019 Santa Monica Blvd. at Federal Ave. by 5:00 PM ±.65 Acres of Land West Los Angeles: www.11600SantaMonica.com ±96 Residential Units and ±7,150 SF of Retail Space WESTWOOD UCLA SITE FEDERAL AVE SANTA MONICA BLVD BARRY AVE Proposed Whole Foods with ±180 Multifamily Units Developer: United El Segundo Anticipated Start of Construction: Fall 2019 AREA LOCATION MAP Westwood Century City SITE PACIFIC OCEAN Los Angeles International Airport www.11600SantaMonica.com 3 LAURIE LUSTIG-BOWER Executive Vice President Table of Contents +1 310 550 2556 [email protected] Lic. 00979360 Executive Summary P. 5 KADIE PRESLEY WILSON Vice President Rent and Sales P. 8 +1 310 550 2575 [email protected] Comparables Lic. 01476551 Area Overview P. 16 www.11600SantaMonica.com EXECUTIVE SUMMARY THE OPPORTUNITY CBRE, Inc., as exclusive advisor, is pleased to present a mixed-use subject site, or an eight minute bicycle ride. To the northeast of the site development opportunity at the southwest corner of Santa Monica by approximately one mile, the terminus of the Purple Line at Wilshire/VA Boulevard and Federal Avenue in the eclectic neighborhood of West Los Hospital is expected to open by 2026. -
©2018 CIM Group CIM Commercial Trust Corporation
www.cimgroup.com© 2018 CIM Group CIM Commercial Trust Corporation Investor Presentation Second Quarter 2018 Important Disclosures Free Writing Prospectus | CIM Commercial Trust Corporation Investor Presentation Q2 2018 Filed Pursuant to Rule 433 | Dated August 9, 2018 | Registration Statement Nos. 333-203639; 333-210880 CIM Commercial Trust Corporation (the “Company”) has filed registration statements (including prospectuses and prospectus supplements) with the Securities and Exchange Commission (the “SEC”) for the offerings to which this communication relates. Before you invest, you should read the prospectuses and the prospectus supplements in those registration statements and other documents the Company has filed with the SEC for more complete information about the Company and the offerings. You may get these documents for free by visiting the Company’s website at http://shareholders.cimcommercial.com/. Alternatively, you may request to receive a prospectus by calling toll-free at 1-866-341-2653. You may also access the applicable prospectus for free on the SEC website at www.sec.gov as follows: · Post Effective Amendment No. 3 to Form S-11 on Form S-3, dated January 9, 2018, relating to Registration Statement No. 333-203639 · Prospectus, dated April 13, 2018, relating to Registration Statement No. 333-210880 and Supplement No. 1 dated May 14, 2018 Forward-looking Statements The information set forth herein contains “forward-looking statements.” You can identify these statements by the fact that they do not relate strictly to historical or current facts or they discuss the business and affairs of CIM Commercial Trust Corporation (“CMCT”, “CIM Commercial”, the “Company”) on a prospective basis. -
II. Project Description (Metro)
II. PROJECT DESCRIPTION A. PROJECT LOCATION The purpose of this Section is to identify the primary objectives and project characteristics of the Metro Universal Project (the “Project”). As discussed on the following pages, the Project would involve the construction and operation of new development on sites currently occupied by park & ride and transit bus facilities operated by the Los Angeles County Metropolitan Transportation Authority (“Metro”) above the Universal City Metro Red Line station. The Project is proposed to be developed on an approximately 14.34-acre site, which is located in the City of Los Angeles approximately 2 miles north of Hollywood and 10 miles northwest of downtown Los Angeles (the “Project Site”). Organization of the Section A. PROJECT LOCATION B. PROJECT CHARACTERISTICS 1. EXISTING CONDITIONS a. Project Site i. Sites A & B ii. Site C iii. Site D iv. Site E b. Description of Surrounding Area i. Campo de Cahuenga Historic Site ii. Surrounding Land Uses iii. Surrounding Neighborhoods 2. PROJECT CHARACTERISTICS a. Phase 1 i. Sites A and B (1) Proposed Development Metro Universal Project II. Project Description Draft Environmental Impact Report Page II-1 City of Los Angeles August 2008 (2) Parking and Transit Facilities (a) Metro Bus Transit Plaza (b) Site B Parking Garage (c) Parking to Serve the Project (d) Loading Dock (3) Access and Circulation (4) Site Plan and Design Elements (a) Pedestrian and Retail Facilities (b) Outdoor Dining Patio (c) Potential Land Exchange (d) Communication Facilities (e) Utility Improvements ii. Site C iii. Site D iv. Site E b. Phase 2 i. Sites A and B ii. -
Item 8 Information
Item 8 Information Quarterly Lobbying Summary Executive Summary: This item presents a summary of activities reported to the Ethics Commission by lobbying entities for the fourth quarter of 2019. Recommended Action: This item is for informational purposes only. Authors: Heather Holt, Executive Director Mark Low, Lobbying Program Manager Presenter: Tyler Joseph, Director of Policy Ethics Commission February 18, 2020 Lobbying Summary: 4th Quarter 2019 A. Introduction The Municipal Lobbying Ordinance (MLO) regulates persons who receive compensation to lobby City officials. Los Angeles Municipal Code (LAMC) §§ 48.01, et seq. In LAMC § 48.01(B), the MLO makes several findings regarding lobbying activity, including the following: 1. Citizens have a right to know the identities of those who attempt to influence City decisions; 2. Public disclosure by lobbyists and their clients regarding their lobbying activities is essential to citizen confidence in the integrity of local government; 3. It is in the public interest to ensure that lobbyists do not misrepresent facts or their positions; 4. It is in the public interest to ensure that lobbyists do not place City officials under personal obligation to themselves or their clients. To help ensure adequate and effective disclosure regarding efforts to lobby City government, lobbying entities are required to file quarterly disclosure reports. See LAMC §§ 48.01(B)(6), 48.08. This item summarizes information disclosed on the lobbying reports filed for the fourth quarter of 2019. B. Legal Background 1. Definitions The MLO defines lobbying activity generally as compensated conduct related to communications with City officials that are designed to influence municipal matters. -
LIF E~V Ry I N ~ ~ ~~~ ~~RK~S
LIF e~v ry i N ~ ~ ~~~ ~~RK~s ' ~ ~: y y. ,fir"~ t ~ ~~' 4 ~ .YWt x. F y ~ ~,...Y. al. ~i~ '10~ f ~ « Of~'iciai Journal o{ the Division Q$ Highways, Department of Public Works, S#ate of California RICHARD WINN, Editor FIELEN HALSTED, Assistant Editor STEWART MITCHELL, Assistant Edator MERRITT R. NICKERSON, Chief Photographer Vo1.37 January-February, 1958 Nos.l-2 FRONT COVER A rotary snowplow, dwarfed by the snow-blanketed landscape, puts the finishing touch on a cleanup job along a section of US 40 at Donner Summit. Donner Lake and the crest of the Sierra Nevada range lie beyond, to the east. —Photo by Robert Munroe BACK COVER California contrast is provided by this winter scene of The Mojave Desert region east of Victorville. Two sehool busses drive along a section of State Sign Route 18 toward a community in Lucerne Valley. —Photo by Robert Munroe Table of Confenfs on Page 2 Published in the interest of highway development in California. Editors of newspapers and others are invited to use matter contained herein and to request photographs or engravings. Address communications to ~,4LIFORNI,4 HeG~9~/Al'S AND PUBLIC WORKS P. O. Box 1499 SACRAMENTO, CALIFORNIA Freeway Sysfem Taking Sha,~e In Greater Los Angeles Area C VARY T. TELFORD ate Highway Engineer ~rsTxicT VII of the State Division eration of freeway development at an increases, principally by adding the of Highways includes the three coun- early date. The first actual freeway financing of the Interstate Highway ties of Los Angeles, Orange, and Ven- construction was asix-mile length on System to the previously existing fed- tura, within which are 87 incorporated the Arroyo Seco Parkway,now known eral aid program. -
11331-11339 Camarillo St
OFFERINGOFFERING MEMORANDUM MEMORANDUM A High-Profile Shopping Center Ideally Located on the Prime Northeast Signalized Corner of Tujunga Avenue and Camarillo Street in North Hollywood, CA brandonmichaelsgroup.com Contents INVESTMENT ADVISORS Brandon Michaels Senior Managing Director of Investments Senior Director, National Retail Group Tel: 818.212-2794 04 [email protected] Executive CA License: 01434685 Summary Matthew Luchs First Vice President Investments COO of The Brandon Michaels Group Tel: 818.212.2727 [email protected] 10 CA License: 01948233 Property Overview Steven Schechter First Vice President Investments Director, National Retail Group Tel: 818.212.2793 [email protected] CA License: 01089464 16 Area Overview 28 FINANCIAL ANALYSIS North Hollywood North Hollywood Recreation Center Arts District Walgreens Lankershim Blvd Hollywood Freeway Camarillo St Tujunga Ave 4 11331-11339 Camarillo St Area Overview 5 The Offering 11331 Camarillo Street is a high-profile signalized corner shopping center which includes a free-standing NNN Starbucks Drive-Thru and a 14 x 48 billboard ideally located on the prime Northeast corner of Tujunga Avenue and Camarillo Street in North Hollywood, CA The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively represent for sale 11331 Camarillo Street, a high-profile retail asset ideally located on the Northeast signalized corer of Tujunga Avenue and Camarillo Street in the high-growth sub-market of North Hollywood, CA. The property consists of two parcels totaling 6,973 square feet of prime retail space situated on 25,111 square feet of land and includes a large 14 x 48 single-sided billboard. The subject property is home to Starbucks, who has successfully operated at this location since 2007. -
CIM Retail Portfolio Trust 2021-RETL
Presale: CIM Retail Portfolio Trust 2021-RETL July 20, 2021 PRIMARY CREDIT ANALYST Preliminary Ratings Robertfritz Mcfaddeniii New York LTV ratio Market value decline Debt yield 212-438-0353 Class Preliminary rating(i) Preliminary amount ($) (%) (%)(ii) (%)(iii) robert.mcfadden A AAA (sf) 282,600,000 37.0 75.0 22.9 @spglobal.com A-1(iv) AAA (sf) 75,000,000 47.0 68.3 18.1 SECONDARY CONTACT X-CP BBB- (sf) 420,600,000(v) N/A N/A N/A Samson Joy New York X-EXT BBB- (sf) 560,800,000(v) N/A N/A N/A + 1 (212) 438 3107 B AA- (sf) 76,100,000 57.0 61.6 14.9 samson.joy @spglobal.com C A- (sf) 57,100,000 64.5 56.5 13.2 D BBB- (sf) 70,000,000 73.7 50.3 11.5 E NR (sf) 32,200,000 77.9 47.5 10.9 F NR (sf) 24,000,000 81.1 45.3 10.5 HRR(v) NR 33,000,000 85.4 42.4 9.9 Note: This presale report is based on information as of July 20, 2021. The ratings shown are preliminary. This report does not constitute a recommendation to buy, hold, or sell securities. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. (i)The issuer will issue the certificates to qualified institutional buyers in line with Rule 144A of the Securities Act of 1933. (ii)Reflects the approximate decline in the $1.129 billion appraised as-is value of the portfolio that would be necessary to experience a principal loss at the given rating level.