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CUSTOM CONTENT FEBRUARY 27, 2017 COMMERCIAL REAL ESTATE AWARDS PLATINUM SPONSORS OFFICIAL AUTO SPONSOR BEVERLY HILLS GOLD SPONSORS Century West Partners | DPR Construction | Hudson Pacific Properties | OUE | Torrey Pines Bank SILVER SPONSORS Charles Dunn Company | Howard Building Corporation | Marcus & Millichap | Millie and Severson Sierra Pacific Constructors | Skanska | STAPLES Center Premium Seating | SteelWave | Syntax Builders | The Bloc | Turner Construction 17-42_cre_cover-projects.indd 17 2/23/2017 5:24:31 PM 18 LOS ANGELES BUSINESS JOURNAL – CUSTOM CONTENT FEBRUARY 27, 2017 COMMERCIAL REAL ESTATE AWARDS OUE Skyspace LA & US Bank Tower Lobby VER the last 10 years, the city’s once-over- to the Pacific Ocean and everything in between. looked Downtown area has welcomed a host The OUE Skyspace LA experience begins on Oof new developments, with everything from the second floor entrance located off the historic trendy hotels, to renovated theaters and revamped Bunker Hill Steps, where visitors embark on their iconic buildings. This has heralded a new Golden journey to the top of the building. Guests are Age for Downtown Los Angeles, which is unde- guided through a multi-dimensional adventure on niably becoming a top tourist destination and a the 54th floor where they can experience an array vibrant commercial hub. of interactive technology, including a 360-degree In the heart of it all, is the US Bank Tower, time lapse of the spectacular Los Angeles skyline, dubbed the tallest building west of the Mississippi a jaw dropping infinity mirror that simulates the River. Built in 1989, the iconic building has cap- view from 54 floors above, and a unique silhouette tured the attention of tourists from around the wall that uses pixels to create reflective images globe. In 2013, based on body movement. The journey continues COMMERCIAL Singapore real up to the 70th floor, where visitors can ride the REAL ESTATE estate developer world’s first ever Skyslide. Located 1,000 feet above DEVELOPMENT OUE Limited the ground, the 45-foot long outdoor glass-encased acquired the slide extends from the 70th to 69th floor and is SPOTLIGHT building and spear- truly a must-do for any thrill seeker. From the two headed a massive outdoor observation terraces on the 69th floor, vis- renovation effort that included the ground floor itors can experience Los Angeles from an entirely lobby and development of OUE Skyspace LA. new and breathtaking vantage point. “As Los Angeles continues to see an influx In addition to OUE Skyspace LA, the US of tourists to downtown, the travel and tourism Bank Tower lobby has also undergone extensive industries will be critical in fueling the region’s renovations. The enlivened streetscape creates a growth,” said Peter K. Johnston of OUE. “We’re pronounced and welcoming entry on Fifth Street. excited to fuel the fire and to do our part to help To create a more spacious and bright environment composed of bright LED tiles that span across the out the support of the Southern California busi- revitalize the region.” for tenants and the public, the former exterior of entire lobby, allowing visitors to view the vibrant ness community. As Angelenos continue to flock Opened in the summer of 2016, OUE Skyspace the building has been replaced with a transparent display from street level. Additional enhance- to Downtown whether for work or fun, interest in LA is California’s tallest open-air observation glass curtainwall. Among the many additions, the ments include a radiant floor cooling system and the Downtown region will continue to rise and we deck and the only destination for panoramic, most significant is a vast digital art wall, the larg- unique teardrop shaped stone column covers. can expect to see many more exciting new devel- 360-degree views from the San Gabriel Mountains est of its kind in an office building in the country, Of course, none of this would be possible with- opments in the coming years. shop where you got the eat big idea stay work 700 W. 7th Street L.A. CA 90017 • @TheBlocLA • TheBlocLA.com 17-42_cre_cover-projects.indd 18 2/23/2017 5:35:04 PM FEBRUARY 27, 2017 CUSTOM CONTENT – LOS ANGELES BUSINESS JOURNAL 19 COMMERCIAL REAL ESTATE AWARDS Banking on Commercial Real Estate How Working with Expert Bankers hand experiences. improve your efficiency when you can stop worry- 5) Understanding – The bank should have ing about whether your financial transactions are Can Make a Difference a knowledgeable underwriting team. The pro- being handled properly. Curious about other ways fessionals you work with should have the ability the right commercial real estate banker can help OING business in the commercial real estate to make decisions and offer tailored solutions to you? Connect with one of Torrey Pines Bank’s world can be a challenging undertaking requir- meet your unique needs. experts today. Torrey Pines Bank is a division of Ding top-notch experts. You have surrounded In the ever-changing world of real estate, you Western Alliance Bank. Member FDIC. yourself with the best employees, partners and need the ability to focus on the project at hand contractors. Have you put the same amount of and manage your business. It will significantly To learn more, visit torreypinesbank.com thought into choosing your bank? Finding the right banking partner for your real estate financing needs can mean the difference between breaking ground on the project on time or getting wrapped up in red tape. Beyond the basics of banking, consider the following charac- teristics when selecting your bank: 1) Experience/Expertise – Knowledge of your sector and the market is critical. In today’s devel- opment climate, you want to make sure your bank delivers on established terms in a timely manner. In other words, getting you what you need when you need it. For a competitive edge, choose a fast-moving bank that can craft a deal early on and will deliver. 2) Support/Network – You want your business to grow and expand; it only makes sense to part- ner with a bank that isn’t going to hold you back. Knowledge of your sector and the market is critical. In today’s development climate, you want to make sure your bank delivers on established terms in a timely manner. In other words, getting you what you need when you need it. For a competitive edge, choose a fast- moving bank that can WORLD-CLASS CORPORATION craft a deal early on ANCHORS and will deliver. WORLD-CLASS BUILDING MONDAY PROPERTIES thanks If you decide to branch out into working in other Todd Doney and Lou Christopher of CBRE states, or change from your usual niche to include and Michael Meyer of DLA Piper LLP property acquisition or new ground-up construc- for their representation of tion, a financing expert with an expansive back- ground can help simplify the process. Look for a bank that encompasses the high quality service of a local bank along with the connections, expertise and knowledge library – not to mention sizable capacity – of a large financial institution. 3) Culture / Values – Finding a bank that shares your priorities is essential. It can make a at 1812 NORTH MOORE STREET in Arlington, VA significant difference when your banking partner knows what you find most important and embod- ies those qualities. High-quality customer service For leasing information, please contact makes a huge difference. Monday Properties at 703.284.0200 4) Relationship Track Record –What do the bank’s clients have to say about them? Find out about the bank’s track record with long-term clients and investors in the commercial real estate and construction sector and learn about their first- New York, NY | Arlington, VA | Los Angeles, CA | mondayre.com 17-42_cre_cover-projects.indd 19 2/23/2017 5:25:42 PM 20 LOS ANGELES BUSINESS JOURNAL – CUSTOM CONTENT FEBRUARY 27, 2017 COMMERCIAL REAL ESTATE AWARDS ty. Applied research facilities such as AltaSea not only help to catalyze and accelerate innovation in LAEDC’s “Activate LA” Helps AltaSea a way that strengthens the comparative advantag- es of our own region’s key innovation-intensive industries vis-a-via other regions and nations, but these types of facilities help to create new Research Park Obtain $3 Million in Funding industries that we don’t even know about today, whether through cross industry or inter-industry HE Los Angeles County Economic Develop- realized due to a regional collaborative effort, the research facility. convergence, as, for example, between bioscience ment Corporation (LAEDC) ACTIVATE which included the bold leadership of L.A. City ACTIVATE LA has played an active and and water conservation technology, or by recom- T LA subsidiary recently announced that the Councilmember Buscaino, to secure $3 million meaningful role in AltaSea’s development up to bining older technologies and innovations into AltaSea Research and Business Hub at the Port from the U.S. Economic Development Adminis- this point and will continue to make AltaSea’s newer, more productive and valuable uses, such as of Los Angeles took a big step forward to being tration (EDA) to finance “hard” infrastructure at progress and success a top ACTIVATE LA priori- with advanced algae protein-based processes for biofuels and power generation. In short, transla- tional research facilities, such as AltaSea, are on the leading edge of 21st century economic devel- opment initiatives, which use local, national and global challenges, such as clean power generation and water scarcity, to foment new export-oriented industries and jobs. “We have great respect for the EDA and our partners, who made this possible,” said Carolyn CHARLES DUNN COMPANY Hull, Executive Director of ACTIVATE LA. “We are especially grateful to City of Los Angeles proudly congratulates which embraced the opportunity to activate an 2016 our top producers BROKER of the YEAR ACTIVATE LA has of 2016.