1239 S. Glendale Ave

OFFERING MEMORANDUM

1239 S. GLENDALE AVE., GLENDALE, CA 91205 BLOCK-TO-BLOCK SITE RARE DEVELOPMENT OPPORTUNITY This Memorandum (“Offering Memorandum”) has been prepared by Brookfield Partners based on information that was TABLE OF CONTENTS furnished to us by sources we deem to be reliable. No warranty or representation is made to the accuracy thereof; subject to SECTION ONE 04 correction of errors, omissions, change of price, prior sale, or EXECUTIVE PROFILE withdrawal from market without notice.

This Memorandum is being delivered to a limited number of SECTION TWO 14 parties who may be interested in and capable of purchasing PROPERTY INFORMATION the Property. By its acceptance hereof, each recipient agrees that it will not copy, reproduce or distribute to others this Memorandum in whole or in part, at any time, without the prior written consent of Brookfield Partners, and it will keep permanently confidential all information contained herein not already public and will use this Confidential Memorandum only for the purpose of evaluating the possible acquisition of the Property.

This Memorandum does not purport to provide a complete or fully accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information, which prospective buyers may need, or desire. All financial projections are based on assumptions relating to the general economy, competition and other factors beyond the control of the Owner and, therefore, are subject to material variation. This Memorandum does not constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date © 2014 Brookfield Partners, Inc. The information contained in this of preparation of this Memorandum. document has been obtained from sources believed reliable. While Brookfield Partners, Inc. does not doubt its accuracy, Brookfield Partners, Inc. has not verified it and makes no guarantee, warranty or This Memorandum is being delivered by Brookfield Partners representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions to prospective purchasers with the understanding that all or estimates used are for example only and do not represent the current prospective purchasers will conduct their own independent or future performance of the property. The value of this transaction to you depends on tax and other factors, which should be evaluated by your investigation of those matters, which they deem appropriate tax, financial and legal advisors. You and your advisors should conduct a in order to evaluate this offering. Additional information and careful, independent investigation of the property to determine to your an opportunity to inspect the site will be made available to satisfaction the suitability of the property for your needs. interested and qualified prospective purchasers. Brookfield Brookfield Partners, Inc. and the Brookfield Partners, Inc. logo are Partners reserves the right to request the return of any or all of service marks of Brookfield Partners, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks the information enclosed. displayed on this document are the property of their respective owners. 2 3 SECTION 1 | EXECUTIVE OVERVIEW PROPERTY DESCRIPTION PROPERTY INFORMATION site description Physical description

DESCRIPTION SPECIFICATION DESCRIPTION SPECIFICATION

PRICE $24,000,000 FOUNDATION Concrete

PRICE PER SF ON LAND $248.97

HIGHWAY ACCESS 5, 134 and 2 Freeways

PARCEL AREA 2.21 AC (96,396 SF)

NUMBER OF FILM STUDIOS 4 Film Studios TOPOGRAPHY Flat LOCATION ZONING 1239 S. GLENDALE AVE., GLENDALE, CA 91205 According to the City of Glendale the subject site is currently zoned as C3 Commercial Service Height District 1 and R2250 Medium Density Residential. LAND AREA 5640-015-037, 5640-015-033, 5640-015- PARCEL NUMBERS 009, 5640-015-010, 5640-015-030, 5640- The subject site consists of ±96,396 SF of land area. ACCESS The orange highlighted parcel 5640-015-028, is also available for sale. Please contact Brrokfield Property has Ingress and Egress access points from Glendale Ave. 015-036, 5640-015-029 STREET FRONTAGE 363 Feet on Glendale Blvd. Partners for OM. TOPOGRAPHY IMPROVEMENTS Property sits at grade level along Glendale Ave. between E Palmer Ave. and E. Cypress St.. TAX RATE 1.075% Studio compound (4 film stages and multiple office buildings) City of Glendale Planning Website FRONTAGE & ACCESS http://www.ci.glendale.ca.us/planning/default.asp Glendale Studios benefits from approximately 363 linear feet of frontage on Glendale ve.A City of Glendale CEQA Guidelines TRAFFIC COUNT ±36,281 cars/day TENANCY Short Term Tenancy PARCELS http://www.ci.glendale.ca.us/planning/pdf_files/EnvironmentalReview/City%20CEQA%20 The assessor parcel numbers are 5640-015-037, 5640-015-033, 5640-015-009, 5640-015-010, Guidelines%20August%2019,%202003.pdf 5640-015-030, 5640-015-036, 5640-015-029

6 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 7 EXECUTIVE SUMMARY Glendale Studio's/Commercial Development ARGUS RUN SPREAD SHEET

Project Return Summary Brookfield Partners as exclusive advisors is pleased to present a unique opportunity freeways. Seldom do these opportunities present themselves to investors. Summary Sale Analysis Cash Flows IRR & Present Value to acquire 1239 S. Glendale Avenue (Glendale Studio’s Site), a +/- 2.21-acre Block-to- Square Feet 49,587 Acquisition Price $24,000,000 Before Tax After Tax Unleveraged IRR 9.1% Block development site located in Glendale CA. The property consists of 7 contiguous Recent notable projects within close proximity to the offering are the Camden Triangle, Acquisition Price $24,000,000 PSF $484.00 Annual Cash Flows $10,364,060 $6,456,804 Unleveraged PV at 10% $22,543,400 Other Costs $156,180 Sale Price $32,064,625 Net Sale Proceeds $22,285,563 $20,309,938 Leveraged IRR 12.7% lots with an aggregate size of approximately 96,396 SF of land with tremendous street a 288 unit mixed use project by Camden Property Trust and the Tropico Apartments, a Equity $12,138,180 PSF $646.63 Total $32,649,623 $26,766,742 Leveraged PV at 10% $26,729,700 Debt $12,018,000 Appreciation 33.6% Profit $20,511,443 $14,628,562 After Tax IRR (Leveraged) 9.5% frontage and visibility along S. Glendale Avenue and S. Maryland Avenue. The adjacent 225 Apartment project by Millcreek Residential. Furthermore, the property is located LTV 50% Avg. App/Year 3.4% Equity Multiple 1.69x 1.21x After Tax PV at 10% $23,684,300 parcels located at 1238 S Maryland Avenue +/- 10,000 SF can also be assembled as with 0.5 Miles from Glendale Memorial Hospital and 1.1 Miles from The Americana at Annual Income Projections Debt vs. Equity

part of the acquisition (offering memorandum for 1238 S Maryland Avenue available Brand. Net Operating Income Cash Flow After Taxes Debt Serivce Mortgage Balance Equity upon request) $2,500,000 $35,000,000 $30,000,000 PROPERTY HIGHLIGHTS $2,000,000 $25,000,000 The site is nestled between the Glendale Downtown Specific plan (DSP) and the South • The acquisition of Glendale Studios presents an investor/developer with a once in $1,500,000 $20,000,000 Glendale market. The development pad is well positioned in both size and location to a generation opportunity to purchase 2.2 acres in an dense infill location in the city Value $15,000,000 $1,000,000 support a myriad of potential redevelopment uses. In addition, the property benefits of Glendale CA - seldom do these opportunities present themselves to investors. $10,000,000

from exceptional visibility and frontage of approximately 310 linear feet on S. Glendale • An investor/developer can purchase and receive passive income while processing $500,000 Break Even Occupancy $5,000,000 Annual Cash on Cash Return - Avenue and 298 linear Feet on S. Maryland Avenue. Glendale Avenue is a major north/ entitlements with the City of Glendale to develop a commercial property. After Tax Pre Tax *Excludes Capital Expenses Before Tax After Tax $0 1 2 3 4 5 6 7 8 9 10 south thoroughfare in the trade area- traffic counts exceeds 34,000 cars per day • The property benefits from an urban infill location that is proximate toboth 80% 12.0% 70% passing the site. residential and commercial uses – this is among the most densely populated trade 10.0% 60% 8.0% areas. 50% The site is currently zoned as C3 Commercial Services and R2250 Medium Density • Over 310 linear feet of frontage along Glendale Avenue with traffic counts at this 40% 6.0% 30% Residential. The neighborhood consists of numerous smaller privately owned parcels block exceed 34,000 cars per day passing the site. 4.0% 20% Debt Service Coverage Ratio 2.0% Loan to Value & Debt Yield making this assemblage an extremely rare opportunity for large-scale redevelopment • Dense, infill location in an established community will limit future competition from 10% 3.00x LTV Debt Yield 0% 0.0% investment. Additionally, a developer can benefit from a current supplemental income new or redevelopment; there is NO commercial land left in the trade area. 2.75x 1 2 3 4 5 6 7 8 9 10 60% 1 2 3 4 5 6 7 8 9 1030% 2.50x stream from leaseback of approximately $130,000 a month during the entitlements • Extremely strong market dynamics with strong forecasted growth. 50% 25% 2.25x 40% 20% process. (Please refer to the attached Financial Analysis) • Current zoning is C3 and R2250 which allows for a multitude of uses. 2.00x 30% 15% • Located on an oversized parcel with potential to accommodate sizable development 1.75x 1.50x 20% 10% Yield Debt Loan to Value The acquisition of Glendale Studios presents an investor/developer with a once in and a variety of uses for the site. 1.25x 10% 5% a generation opportunity to acquire a large, prime mixed-use site and dense infill • Variety of uses would be supported by the market and City of Glendale. 1.00x 0% 0% 0.75x 1 2 3 4 5 6 7 8 9 10 location, with excellent access to three major freeways including the 5, 2 and 134 0.50x 1 2 3 4 5 6 7 8 9 10

8 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 9 ARGUS RUN SPREAD SHEET ARGUS RUN SPREAD SHEET Glendale Studio's/Commercial Development Schedule of Prospective Cash Flows Project Assumptions Period 1 2 3 4 5 6 7 8 9 10 11

Property Information Acquisition Assumptions Operating Income Inflation 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0%

Property Name Glendale Studio's/Commercial Development Project Type Acquisition Base Rental Revenue $2,479,350 $2,553,731 $2,630,342 $2,709,253 $2,790,530 $2,874,246 $2,960,474 $3,049,288 $3,140,766 $3,234,989 $3,332,039 Location 1239 S Glendale Acquisition Cost $24,000,000 Rental $/Month $206,613 $212,811 $219,195 $225,771 $232,544 $239,521 $246,706 $254,107 $261,731 $269,582 $277,670 Rental $PSF Annual $50.00 $51.50 $53.05 $54.64 $56.28 $57.96 $59.70 $61.49 $63.34 $65.24 $67.20 Property Use Commercial Other Costs $0 Square Feet 49,587 - $0 Less: Concessions $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Analysis Year Begin 2016 Acquisition Cost $24,000,000 Expense Reimbursements $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Parking Income $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Annual Inflation Rate 3.0% Due Diligence/Closing Costs 0.15% $36,000 Miscellaneous $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Unleveraged Acquisition Cost $2.00 $24,036,000 Initial Loan Origination Fee 1.00% $120,180 Total Potential Gross Revenue $2,479,350 $2,553,731 $2,630,342 $2,709,253 $2,790,530 $2,874,246 $2,960,474 $3,049,288 $3,140,766 $3,234,989 $3,332,039 Leveraged Acquisition Cost $24,156,180 General Vacancy Rate 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% Vacancy & Collection Loss ($123,968) ($127,687) ($131,517) ($135,463) ($139,527) ($143,712) ($148,024) ($152,464) ($157,038) ($161,749) ($166,602)

Capital Structure Tax Assumptions Effective Gross Income $2,355,383 $2,426,044 $2,498,825 $2,573,790 $2,651,004 $2,730,534 $2,812,450 $2,896,823 $2,983,728 $3,073,240 $3,165,437 Effective $/Month $196,282 $202,170 $208,235 $214,483 $220,917 $227,544 $234,371 $241,402 $248,644 $256,103 $263,786 Debt: (LTV) 50.0% $12,018,000 Ordinary Income Marginal Tax Rate 35.0% Equity $12,138,180 Capital Gains Tax Rate 20.0% Property Management Fee 3.0% $70,661 $72,781 $74,965 $77,214 $79,530 $81,916 $84,373 $86,905 $89,512 $92,197 $94,963 Total $24,156,180 Cost Recovery Recapture Tax Rate 25.0% Ad Valorem Taxes $251,280 $258,818 $266,583 $274,580 $282,818 $291,302 $300,041 $309,043 $318,314 $327,863 $337,699 Insurance $21,600 $22,248 $22,915 $23,603 $24,311 $25,040 $25,792 $26,565 $27,362 $28,183 $29,029 Utilities $132,000 $135,960 $140,039 $144,240 $148,567 $153,024 $157,615 $162,343 $167,214 $172,230 $177,397 Useful Life 39 Repairs & Maintenance $54,000 $55,620 $57,289 $59,007 $60,777 $62,601 $64,479 $66,413 $68,406 $70,458 $72,571 C.R. 1st & Last Years (11.5 months) 2.457% Cleaning, Garbage & Landscaping $39,000 $40,170 $41,375 $42,616 $43,895 $45,212 $46,568 $47,965 $49,404 $50,886 $52,413 Sales and Stage management $200,000 $206,000 $212,180 $218,545 $225,102 $231,855 $238,810 $245,975 $253,354 $260,955 $268,783 C.R. Interim Years (12 Months) 2.564% Expenses $ PSF $16.22 $16.71 $17.21 $17.73 $18.26 $18.81 $19.37 $19.95 $20.55 $21.17 $21.80

Net Operating Income $1,550,841 $1,597,366 $1,645,287 $1,694,646 $1,745,485 $1,797,850 $1,851,785 $1,907,339 $1,964,559 $2,023,496 $2,084,201 NOI/Month $129,237 $133,114 $137,107 $141,220 $145,457 $149,821 $154,315 $158,945 $163,713 $168,625 $173,683 Loan Amount $12,018,000 Term (Months) 120 NOI $ PSF $31.28 $32.21 $33.18 $34.18 $35.20 $36.26 $37.34 $38.46 $39.62 $40.81 $42.03 Term (Months) 24 Amortization (Months) 300 Cap Rate based on Acquisition Cost 6.5% 6.7% 6.9% 7.1% 7.3% 7.5% 7.7% 7.9% 8.2% 8.4% 8.7% Value based on 6.5% Exit Cap Rate $24,574,865 $25,312,111 $26,071,475 $26,853,619 $27,659,228 $28,489,004 $29,343,675 $30,223,985 $31,130,704 $32,064,625 - Rate 5.00% Start Rate 3.75% Origination Fee 1.00% Origination Fee 1.00% Funding Status Fully Funded Exit Fee 0.00% Fully Funded by Month: 24 Rate Type Fixed At Maturity Amortize Loan Balance Grow Rate 0.00% every 1 years

10 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 11 ARGUS RUN SPREAD SHEET ARGUS RUN SPREAD SHEET

Schedule of Prospective Cash Flows

Period 1 2 3 4 5 6 7 8 9 10

Net Operating Income $1,550,841 $1,597,366 $1,645,287 $1,694,646 $1,745,485 $1,797,850 $1,851,785 $1,907,339 $1,964,559 $2,023,496

Debt Service Interest $445,625 $434,338 $422,621 $410,457 $397,829 $384,719 $371,109 $356,979 $342,311 $327,083 Principal $295,835 $307,121 $318,838 $331,002 $343,631 $356,740 $370,351 $384,480 $399,148 $414,376 Summary & Ratios Total Debt Service $741,459 $741,459 $741,459 $741,459 $741,459 $741,459 $741,459 $741,459 $741,459 $741,459 DSCR 2.09x 2.15x 2.22x 2.29x 2.35x 2.42x 2.50x 2.57x 2.65x 2.73x 1 2 3 4 5 6 7 8 9 10 LTV 48% 45% 43% 40% 38% 35% 33% 31% 29% 26% Operating Summary Break Even Occupancy 62% 61% 61% 60% 59% 58% 57% 57% 56% 55% Effective Gross Income $2,355,383 $2,426,044 $2,498,825 $2,573,790 $2,651,004 $2,730,534 $2,812,450 $2,896,823 $2,983,728 $3,073,240 Debt Yield 13.2% 14.0% 14.8% 15.7% 16.7% 17.9% 19.1% 20.5% 22.0% 23.8% Operating Expenses ($804,541) ($828,678) ($853,538) ($879,144) ($905,519) ($932,684) ($960,665) ($989,485) ($1,019,169) ($1,049,744) Mortgage Balance $11,722,165 $11,415,044 $11,096,206 $10,765,203 $10,421,573 $10,064,832 $9,694,482 $9,310,002 $8,910,853 $8,496,477 Net Operating Income $1,550,841 $1,597,366 $1,645,287 $1,694,646 $1,745,485 $1,797,850 $1,851,785 $1,907,339 $1,964,559 $2,023,496 Equity $12,852,700 $13,897,067 $14,975,269 $16,088,416 $17,237,655 $18,424,172 $19,649,193 $20,913,983 $22,219,851 $23,568,148 Debt Service ($741,459) ($741,459) ($741,459) ($741,459) ($741,459) ($741,459) ($741,459) ($741,459) ($741,459) ($741,459) Fees $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Refinance Proceeds $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Refinance Proceeds $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Less: Mortgage Origination Fee $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Capital Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Cash Flow Before Taxes $809,382 $855,907 $903,828 $953,186 $1,004,026 $1,056,390 $1,110,326 $1,165,879 $1,223,100 $1,282,036 Cash Flow After Debt Service $809,382 $855,907 $903,828 $953,186 $1,004,026 $1,056,390 $1,110,326 $1,165,879 $1,223,100 $1,282,036 Tax Liability ($281,048) ($297,592) ($335,290) ($356,823) ($379,037) ($401,953) ($425,594) ($449,983) ($475,144) ($504,792) CFADS/Month $67,448 $71,326 $75,319 $79,432 $83,669 $88,033 $92,527 $97,157 $101,925 $106,836 Cash Flow After Taxes $528,333 $558,315 $568,538 $596,363 $624,989 $654,437 $684,732 $715,897 $747,956 $777,244

Capital Expenses Value Summary Tenant Improvements $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Leasing Commissions $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Cap Rate based on Acquisition Cost 6.42% 6.61% 6.81% 7.02% 7.23% 7.44% 7.67% 7.90% 8.13% 8.38% Capital Expenditures $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Value based on 6.5% Exit Cap Rate $24,574,865 $25,312,111 $26,071,475 $26,853,619 $27,659,228 $28,489,004 $29,343,675 $30,223,985 $31,130,704 $32,064,625 Total Capital Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mortgage Balance (EOY) $11,722,165 $11,415,044 $11,096,206 $10,765,203 $10,421,573 $10,064,832 $9,694,482 $9,310,002 $8,910,853 $8,496,477 Equity (EOY) $12,852,700 $13,897,067 $14,975,269 $16,088,416 $17,237,655 $18,424,172 $19,649,193 $20,913,983 $22,219,851 $23,568,148 Cash Flow Before Taxes $809,382 $855,907 $903,828 $953,186 $1,004,026 $1,056,390 $1,110,326 $1,165,879 $1,223,100 $1,282,036 CFBT/Month $67,448 $71,326 $75,319 $79,432 $83,669 $88,033 $92,527 $97,157 $101,925 $106,836 Cash on Cash Return (Post Tax) 4.4% 4.6% 4.7% 4.9% 5.1% 5.4% 5.6% 5.9% 6.2% 6.4% Cash on Cash Return 6.7% 7.1% 7.4% 7.9% 8.3% 8.7% 9.1% 9.6% 10.1% 10.6% *Based on Acquisition Cost

Tax Liability* Lender Ratios Cost Recovery Improvements $242,131 $252,676 $252,676 $252,676 $252,676 $252,676 $252,676 $252,676 $252,676 $242,131 Loan to Value Ratio 48% 45% 43% 40% 38% 35% 33% 31% 29% 26% Loan Costs Amortization $60,090 $60,090 $12,018 $12,018 $12,018 $12,018 $12,018 $12,018 $12,018 $12,018 Debt Yield 13.2% 14.0% 14.8% 15.7% 16.7% 17.9% 19.1% 20.5% 22.0% 23.8% Taxable Income $802,995 $850,262 $957,972 $1,019,495 $1,082,962 $1,148,437 $1,215,982 $1,285,665 $1,357,554 $1,442,263 Tax Liability (Savings) at 35% $281,048 $297,592 $335,290 $356,823 $379,037 $401,953 $425,594 $449,983 $475,144 $504,792

Cash Flow After Taxes $528,333 $558,315 $568,538 $596,363 $624,989 $654,437 $684,732 $715,897 $747,956 $777,244 CFAT/Month $44,028 $46,526 $47,378 $49,697 $52,082 $54,536 $57,061 $59,658 $62,330 $64,770 After Tax Cash on Cash Return 4.4% 4.6% 4.7% 4.9% 5.1% 5.4% 5.6% 5.9% 6.2% 6.4% *Does not include Capital Expenses as they are often subject to separate tax treatment This pro forma does not constitute tax advice. Please consult a professional tax advisor.

12 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 13 SECTION 2 | PROPERTY INFORMATION THE AMERICANA - 1.1 MILES AWAY - 1.1 MILES THE AMERICANA PLAT MAP ZONING FOR PARCELS

16 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 17 ZONING VIEW FROM S. MARYLAND AVE.

Parcel can be assembled as part of the sale Height limit is 35’ feet Height limit 50’ feet

18 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 19 AERIAL MAP AERIAL AMENITIES

DREAMWORKS ANIMATION ENTRANCE 20 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 21 LOCATION OVERVIEW LOCATION OVERVIEW

range of properties and amenities. The City has over six Adobe, which is the oldest building in Glendale. The property Glendale is located at the juncture of two large valleys, million square feet of office space and is home to such is the location of the Oak of Peace where early Californio the San Fernando and the San Gabriel. According to Forest Lawn Memorial Park started in Tropico (later recognized firms as Walt Disney Imagineering, Nestle leaders including Pio Pico met in 1847 and decided to the United States Census Bureau, the city has a total annexed to Glendale) in 1906 and is famous for its art USA, IHOP / Applebees, DreamWorks, LegalZoom, and surrender to Lieutenant Colonel John C. Frémont. area of 79.212 km2 (30.6 sq mi). 30.5 square miles (79 collection and the burial of many celebrities as well as for Public Storage. km2) of it is land and 0.13 square miles (0.34 km2) of it the 1933 opening of the first funeral home on cemetery Verdugo’s descendants sold the ranch in various parcels, (0.43%) is water. It is bordered to the north by the foothill grounds anywhere in the United States. The Bob’s Big Glendale prides itself on the quality of services it provides some of which are included in present-day Atwater Village, communities of La Cañada Flintridge, La Crescenta, and Boy chain of hamburger restaurants started in Glendale to the community. It is a full-service City, which includes Eagle Rock, and Highland Park neighborhoods of Los Angeles. Tujunga; to the south by the Atwater Village community on East Colorado in August 1936, and the Baskin-Robbins, a water and electrical department. The City operates incorporated by the city of Los Angeles; to the east by “31 Flavors” chain of ice cream parlors started in Adams its own power plant capable of serving the electrical GLENDALE, 1910 Pasadena and Eagle Rock (also incorporated within Square in 1945. The Glendale Public Library on Harvard needs of the entire city, although the majority of power Los Angeles); and to the west by the city of Burbank. Street houses its “Special Collections” department which is currently imported from other areas for cost savings. In 1884, residents gathered to form a town and chose the Glendale is located 10 miles (16 km) north of Downtown contains original documents and records on much of the Water comes primarily from the Metropolitan Water name “Glendale”. Residents to the southwest formed Los Angeles. history of Glendale. It also contains one of the largest District, along with a small portion from local wells “Tropico” in 1887. The Pacific Electric Railway brought collections of books on cats in the world, over 20,000 streetcar service in 1904. INDUSTRY AND DEVELOPMENT volumes.[20] It was donated to the library in the 1950s by The City of Glendale was incorporated on February 16, connecting customers to Jet Propulsion Laboratory (JPL), HISTORY the Jewel City Cat Fanciers Club, with the understanding 1906 and spans approximately 30.6 square miles with the City of Burbank, and the Metrolink Stations in both Glendale incorporated in 1906, and annexed Tropico 12 years 801 North Brand, one of Glendale’s many modern that it would be made into a special collection and kept a current population of approximately 194,478 people Burbank and Glendale. The Bob Hope Airport in Burbank The area was long inhabited by the Tongva people (or later. Brand loved to fly, and built a private airstrip in 1919 skyscrapers. Companies like Nestle, Great West Life, permanently for club members to use and enjoy. (US Census). Located minutes away from downtown Los serves the Los Angeles area including Glendale, Pasadena “People of the Earth”), who were later renamed the and hosted “fly-in” parties, providing a direct link to the Citi, Unum, and Cigna have offices downtown. Angeles, Pasadena, Burbank, Hollywood, and Universal City, and the San Fernando Valley. It is the only airport in the Gabrieleños by the Spanish missionaries, after the soon-to-be-built nearby Grand Central Airport. The grounds Grand Central Airport was a municipal airport developed The city experienced significant development in the Glendale is the fourth largest city in Los Angeles County and greater Los Angeles area with a direct rail connection to nearby Mission San Gabriel Arcángel. of El Miradero are now city-owned Brand Park and the from 1923 which became the largest employer in Glendale 1970s, with the completion of the Glendale Freeway is surrounded by Southern California’s leading commercial downtown Los Angeles. The City of Glendale is located mansion is the Brand Library, according to the terms of his for many years, and contributed to the development of (Highway 2) and the Ventura Freeway (Highway 134). districts. about 30 minutes from Los Angeles International Airport In 1798, José María Verdugo, a corporal in the Spanish will. Brand partnered with Henry E. Huntington to bring the aviation in the United States in many important ways. This included redevelopment of Brand Boulevard, (LAX) which is a commerce leader and designated as a army from Baja California, received the Rancho San Pacific Electric Railway, or the “Red Cars,” to the area. Today, The main terminal building still stands and includes renovation of the 1925 Alex Theatre, and construction As one of its core functions, Glendale provides well- world-class airport for its convenient location, modern Rafael from Governor Diego de Borica, formalizing he is memorialized by one of the city’s main thoroughfares, both art deco and Spanish style architectural elements. of the Glendale Galleria shopping mall which opened in maintained streets and a variety of transportation services. facilities, and superior sea/air/land connections. his possession and use of land on which he had been Brand Boulevard. The facility was the first official terminal for the Los 1976, and was further expanded in 1982. The City’s historic success at attracting employers is partially grazing livestock and farming since 1784. Rancho San Angeles area as well as the departure point for the first attributed to the result of its location at the center of four Businesses and residents alike have taken advantage of Rafael was a Spanish concession, of which 25 were GEOGRAPHY commercial west to east transcontinental flight flown THE CENTRAL PUBLIC LIBRARY (1973) major freeways including the I-5 Golden State Freeway, Glendale’s central location, reputation for safety, excellent made in California. Unlike the later Mexican land grants, by Charles Lindbergh. During World War II, the Grand SR-2 Glendale Freeway, ST-134 Ventura Freeway, and the business environment, outstanding schools, state-of- the concessions were similar to grazing permits, with the Glendale from Griffith Park in the southwest, with the San Central Air Terminal building was camouflaged to protect Several large companies have offices in Glendale. The 210 Foothill Freeway; all provide easy access for residents, the-art healthcare facilities, and growing restaurant and title remaining with the Spanish crown. Gabriel Mountains in the background and the Verdugo Hills it from enemy targeting. It was closed down in 1959, U.S. headquarters of the Swiss foods multinational workers, and customers from around the region. Glendale entertainment options. Glendale is also one of Southern on the extreme left. and made way for the Grand Central Business Centre, an Nestlé and International House of Pancakes are located in also offers its own bus services, the Beeline, with 13 routes California’s leading office markets featuring a wide In 1860, his grandson Teodoro Verdugo built the Verdugo industrial park. Glendale. The Los Angeles regional office of California’s

22 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 23 LOCATION OVERVIEW GLENDALE MEMORIAL MEDICAL PAVILION State Compensation Insurance Fund is in Glendale. Americas Circle 7 Drive to the south of GC3. United Bank was founded in Glendale in 2006 and is still The 2010 United States Census reported that Glendale 1420 S Central Ave headquartered there. Nero AG, the software company that In 1994, Steven Spielberg, Jeffrey Katzenberg and had a population of 191,719. The population density was makes Nero Burning ROM, also has its main North American David Geffen formed DreamWorks SKG, a diversified 6,268.6 people per square mile (2,420.3/km²). The racial The Glendale Memorial Medical Pavilion is subsidiary located in Glendale. Panda Security, a large entertainment company. DreamWorks Animation makeup of Glendale was 136,226 (71.1%) White, 2,573 a three-story, 60,000 square foot Medical antivirus software company, also has its principal U.S. remains located in the city’s Grand Central Business (1.3%) Black, 531 (0.3%) Native American, 31,434 (16.4%) office in Glendale. Neopets, Inc., a company that created Centre on land formerly occupied by a helicopter landing Asian (6.9% Filipino, 5.4% Korean, 1.3% Chinese), 122 Office Bulding with a 157,500 square foot, the popular virtual pet website, Neopets, is located in the base next to the old airfield (and next to KABC-TV). Thus, (0.1%) Pacific Islander, 12,146 (6.3%) from other races, 390 space parking structure located on- city (it was sold in 2005 to Viacom). In August 2013, Avery many American animators who worked on feature films and 8,687 (4.5%) from two or more races. Hispanic or campus of Glendale Memorial Hospital & Dennison Corp., a label maker for major brands, announced in the 1990s and 2000s have spent large portions of their Latino of any race were 33,414 persons (17.4%). Non- plans to move its headquarters from Pasadena, California to careers in Glendale working for Disney or DreamWorks. Hispanic Whites were 61.5% of the population. Medical Center in Glendale, California. Glendale. Avery employs approximately 26,000 people. AMERICANA AT BRAND (2008) The census reported that 190,290 people (99.3% of the Distance to subject property offering 0.5 Glendale, along with its neighbor Burbank, has served as a population) lived in households, 223 (0.1%) lived in non- Miles major production center for the U.S. entertainment industry and In 2005, construction began near the Galleria of developer institutionalized group quarters, and 1,206 (0.6%) were the U.S. animation industry in particular for several decades. Rick Caruso’s “Americana at Brand”, a 15.5-acre (63,000 institutionalized. There were 72,269 households, out of The reason is that The Walt Disney Company outgrew its m2) outdoor shopping and residential community. Caruso which 21,792 (30.2%) had children under the age of 18 Burbank studio lot in the early 1960s, and started expanding had previously designed and built The Grove at Farmers living in them, 37,486 (51.9%) were opposite-sex married into the closest business park available, which happened Market. The new Glendale development was opened to couples living together, 8,908 (12.3%) had a female to be Glendale’s Grand Central Business Centre about two the public on May 2, 2008, and features 75 shops and householder with no husband present, 3,693 (5.1%) had miles east. First came the headquarters for Imagineering, restaurants, 238 apartments, 100 condominiums, and a male householder with no wife present. There were followed in the 1980s by other divisions and offices. Today, a Pacific Theatres 18-plex Cinema which seats 3000 2,359 (3.3%) unmarried opposite-sex partnerships, and Disney’s Grand Central Creative Campus (known as GC3 for people. 605 (0.8%) same-sex married couples or partnerships. short) is home to Consumer Products, Disney Interactive, The 18,021 households (24.9%) were made up of individuals Muppets Studio, and Marvel Animation Studios.[23] From A 2011 study by an outside consulting organization hired and 7,077 (9.8%) had someone living alone who was 1985 to 1995, Walt Disney Animation Studios (then known by the city showed that people felt Glendale was boring, 65 years of age or older. The average household size as Walt Disney Feature Animation) was headquartered even though many beloved animated films have been was 2.63. There were 50,087 families (69.3% of all in the Grand Central Business Centre, meaning that most created by Disney and DreamWorks in Glendale. After households); the average family size was 3.19. of the films of the Disney Renaissance era were actually seeing the results of the study, the Glendale City Council developed in Glendale. DisneyToon Studios, a division of voted to appropriate $1 million to undertake an image In terms of age, the population contained 35,732 people WDAS, is still located in the Grand Central Business Centre campaign based on the tagline: “Your Life. Animated.” (18.6%) under the age of 18, 16,609 people (8.7%) aged near GC3, along with the Animation Research Library, Disney 18 to 24, 54,518 people (28.4%) aged 25 to 44, 54,942 Animation’s archive. Disney-owned KABC-TV is located on DEMOGRAPHICS 2010 people (28.7%) aged 45 to 64, and 29,918 people (15.6%)

24 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 25 LOCATION OVERVIEW

who were 65 years of age or older. The median age was other than Yerevan. Rick Young, a Glendale Police based in Glendale at the time of formation. These include 41.0 years. For every 100 females there were 91.1 males. For Department spokesperson, stated “In five to eight years, singer Serj Tankian and bassist Shavo Odadjian. every 100 females age 18 and over, there were 87.9 males. the [Armenian] community went from a few thousand to about 40,000.”Levon Marashlian, an instructor of In 2014, a reality show about the Armenians in Glendale There were 76,269 housing units at an average density of Armenian history at Glendale College, stated that in the entitled Glendale Life premiered on USArmenia TV. 2,493.8 per square mile (962.8/km²), of which 27,535 (38.1%) early 1990s Glendale’s Armenian community became the were owner-occupied, and 44,734 (61.9%) were occupied largest in the Los Angeles metropolitan area, surpassing THE MARKET by renters. The homeowner vacancy rate was 1.3%; the the Armenian community of Hollywood. Alice Petrossian, rental vacancy rate was 5.5%. 76,769 people (40.0% of the GUSD director of intercultural education, stated Glendale boasts a central location in Los Angeles the population) lived in owner-occupied housing units and that Burbank lies within the middle of other Armenian County. It is seven miles northwest of downtown Los 113,521 people (59.2%) lived in rental housing units. communities, so it attracted Armenians. Angeles and is strategically positioned between the According to the 2010 United States Census, Glendale had major population and employment centers of the San a median household income of $54,369, with 12.9% of the A new headquarters of the Armenian National Fernando and San Gabriel Valleys. Glendale is Los population living below the federal poverty line. Committee/Western Region opened in 1994. By 1999, Angeles County’s third largest city. It is characterized about 25% of the population spoke Armenian and there by a progressive community that offers the best in ARMENIAN POPULATION were many Armenian businesses. urban/suburban living and is an optimal location for successful businesses, large and small. Armenian families have lived in the city since the 1920s, According to the United States 2000 Census Glendale but the surge in immigration escalated in the 1970s. is home to 65,343 Armenian-Americans[35] (making up AN URBAN RENAISSANCE Armenian-Americans are well integrated into the city, with 34.1% of the total population), increasing from 1990 many businesses, several Armenian schools, and ethnic/ when there were 31,402 Armenian-Americans in the Glendale’s urban renaissance is drawing a young, cultural organizations serving this ethnic group. Most of city. As of 2005, one third of Los Angeles’ estimated dynamic population to its core. The largest age bracket the Armenians in Glendale arrived in the city in the last two 153,000 Armenians, or 51,000 around a quarter of in the city is now young adults aged 35-44 (15.7%). decades. The city of Glendale is home to one of the largest Glendale’s 205,000 residents was Armenian. At that The second largest age group is 25-34 (14.3%). Armenian communities outside of Armenia. time, Armenians held a majority on the Glendale city council. Many of the people choosing to live downtown are Beginning in the late 1980s, with assistance from family young couples with dual incomes or single, mid-level and friends already there, Armenians from the former Soviet As of 2009, one of the five members of Glendale’s city executives. Increasing numbers of people in this age Union began arriving.In the Glendale Unified School District, council is of Armenian descent—Ara J. Najarian. Former bracket are moving to downtown Glendale, seeking by 1988 they along with students from the Middle East had Armenian-American mayors of Glendale include Larry the “no car” urban lifestyle where they can walk to become the largest ethnic group in the public schools, now Zarian, Bob Yousefian, Rafi Manoukian, and Ara Najarian. work, the gym, restaurants and entertainment. having a larger number than the Latinos. Glendale became Some outspoken members of the highly successful the municipality with the largest number of ethnic Armenians Armenian-American rock band, System Of A Down, were GLENDALE CIVIC CENTER 26 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 27 DEMOGRAPHICS INFORMATION DEMOGRAPHICS Map DEMOGRAPHICS MAP DEMOGRAPHICS

pOPULATION INCOME HOUSING 2015 ESTIMATED POPULATION 87,032 2015 ESTIMATED AVERAGE 2015 ESTIMATED OWNER $54,695 6,221 HOUSEHOLD INCOME OCCUPIED UNITS 2020 ESTIMATED POPULATION 89,262 2015 ESTIMATED RENTER 69,999 GROWTH 2015-2020 2.56% OCCUPIED UNITS

RACE & ETHNICITY Education age Glendale 2015 ESTIMATED POPULATION 2015 ESTIMATED POPULATION 2015 ESTIMATED POPULATION 87,032 87,032 BY RACE AND ORIGIN OVER 25 BY EDUCATIONAL 65,043 BY AGE ATTAINMENT White 60,666 69.7% 0-4 Years 4,100 4.7% Less Than 9th Grade 8,936 13.7% Black 1,427 1.6% 5-9 Years 4,222 4.9% High School - No Diploma 4,490 6.9% Asian 13,669 15.7% 10-14 Years 3,931 4.5% High School Diploma 13,384 20.6% Pacific Islander 71 .1% 15-17 Years 2,742 3.2% Some College 12,151 18.7% American Indian & 18-20 Years 2,726 3.1% 307 .4% Alaska Native Associate Degree 5,144 7.9% 21-24 Years 4,268 4.9% Other Race 7,393 8.5% Bachelor’s Degree 15,438 23.7% 25-24 Years 14,001 16.1% Two or More Races 3,501 4.0% Master’s Degree 3,808 5.9% 35-44 Years 13,014 15.0% Hispanic 18,588 21.4% Professional Degree 1,257 1.9% 45-54 Years 12,493 14.4% White Non-Hispanic 51,141 58.8% Doctoral Degree 435 .7% 55-64 Years 11,282 13.0%

65-74 Years 7,338 8.4%

75-84 Years 4,836 5.6%

85 Years and Older 2,078 2.4%

2015 Estimated Median Age 40.71

2015 Estimated Average Age 41.53

5 6 28 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 29 GLENDALE PROJECT PIPELINE

N GLENOAKS 11.16.2015 0 150 300 600ft Downtown Speci c Plan - Pipeline Projects ARDEN 1. Armenian Society of Los Angeles 15. Carmel Partners Site A 3-story, 45,000 sf cultural facility 5-story, 315-unit residential 2. Glendale Credit Union 16. Carmel Partners Site B 1-story, 5,600 sf oce space 5-story, 192-unit residential 3. Eleve / 200 E Broadway 17. Glendale Art Colony BURCHETT MONTEREY 5-story, 208-unit mixed use 5-story, 70-unit aordable residential 4. Nordstrom at Americana 18. 125 N Central 3-story, 131,000 sf retail space 6-story, 164-unit residential 5. The Lex on Orange Sites A & B 19. 319 N Central 6-story, 307-unit mixed use 6-story, 94-unit mixed use SR-134 FREEWAY 6. Alex Theater Expansion 20. Louise Gardens / 115 N Louise 2-story back-of-house facilities 6-story, 61 unit residential 7. Legendary Tower / 300 N Central 21. Hyatt Place Hotel / 225 W Wilson 6-story, 72-unit mixed use 11-story, 173-room hotel 8. MONA (Museum of Neon Art) 22. Colorado Gardens / 124 W Colorado 9,000 sf museum/gallery 5-story, 50-unit residential 9. Nexus on Central / 610 N Central 23. Hampton Inn and Suites PIONEER 6-story, 228-unit residential 5-story, 94-room hotel 9 10. Laemmle Cinema Lofts 24. Central + Wilson 15 4-story, 42-unit mixed use 6-story, 153 unit residential DORAN 11. Brand + Wilson 25. The Campus / 415 N Brand 6-story, 235-unit mixed use 8-story, 219-unit mixed use 16 12. Kenwood Terrace / 118 S Kenwood 26. Citibank Project 5-story, 35-unit residential 6-story, 475-unit mixed use 13. Orange + Wilson 27. Glendale Galleria DORAN 6-story, 166-unit residential 28. Bloomingdales 14. 301 N Central 29. Glendale Central Library 6-story, 84-unit mixed use 30. MGN Five Star Cinema 31. Marshalls Under Construction 32. Masonic Temple Retail Entitled MILFORD 25 Completed since 2006 Remodel / Adaptive Reuse

26 LEXINGTON 5

MYRTLE 19 5 14 7 CALIFORNIA

SALEM 6

COLUMBUS

LOUISE

CENTRAL

KENWOOD

ORANGE BRAND JACKSON

ISABEL MARYLAND GLENDALE 21 WILSON 10 11 18 30 2 1324 17 20

BROADWAY 28 31 3 1 12 27

HARVARD 29 8 ORANGE GROVE

4 32 COLORADO 23 22 ELK

30 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 31 METROLINK COMMUTER RAIL SYSTEM DEVELOPMENT STANDARDS

32 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 33 DEVELOPMENT STANDARDS DEVELOPMENT STANDARDS

34 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 35 GLENDALE PROJECT LIST 2016 GLENDALE PROJECT LIST 2016

City of Glendale Community Development Department City of Glendale Community Development Department Major Projects List Major Projects List

PROJECT DEVELOPER/ START COMPLETION PROJECT PROJECT DEVELOPER/ START COMPLETION PROJECT PROJECT NAME PROJECT DESCRIPTION PROJECT STATUS VALUE PROJECT NAME PROJECT DESCRIPTION PROJECT STATUS VALUE ADDRESS APPLICANT DATE DATE APPROVALS/ENTITLEMENTS ADDRESS APPLICANT DATE DATE APPROVALS/ENTITLEMENTS Submitted for Plan Check on UNDER CONSTRUCTION (1,031 Units) UNDER CONSTRUCTION (1,031 Units) Stage I approval (with conditions) 9/17/13. June 27, 2014 (BB1417486). Final entitlements including Stage II 125 N. Central & 318 68,710 SF site bisected by alley (to be vacated). Shoring and grading issued Nov. 2014 57,000 SF; seismic retrofit and adaptive reuse of Floors 5-9 completed; landlord 7 Unnamed Molasky Group $26.5M TBD design; alley vacation; DA to lock in park Phase I HPC approval 4/16/15. Phase II W. Wilson Avenues Total of 166 units and 14,600 SF retail. 2/23/15. Superstructure (demo) 1 232 S. Brand Blvd. Masonic Temple Caruso Affiliated former Masonic Temple for office, commercial, and work for Floors 1-4 still under N/A May 2015 January 2016 fees DSP Led incentive approved by approved 5/21/15. (BB1417486) permit issued potential ground floor retail uses. construction. Council on 4/8/14. 4/17/15. Stage I design and General Plan/Zoning Submitted Stage I application on 3/2/14. Map Amendments approved 1/15/13. Stage Deemed complete 3/21/14. Final Plan Check submitted Mixed-use project with 84 residential units and II design and DSP Covenant (open space) entitlements inlcuded combined Stage I/II Mixed-use project with 94 residential units and 11/19/14. Shoring (BB1427843) 2 313 W. California Unnamed Chandler Pratt & Partners 5,000 SF commercial. SB1818 project (4 units Under construction. $14.0M Oct. 2014 Fall 2016 approved 3/5/13. Minor façade changes 319 N. Central & 304 design; SB 1818; DSP Instrument Imposing 8 TBD Chandler Pratt & Partners 2,500 SF ground floor retail space on GUSD issued 4/20/15. Foundation $12.0M May 2015 Fall 2016. affordable). approved. SB 1818 project administratively. Myrtle Covenents (open space). Approved by City property (corner of Central/Myrtle). (BB1427837) & Superstructure Foundation and superstructure permit Council on May 20, 2014. Needs lot tie (BB1427872) issued 6/23/15. issued 12/11/14. covenant with 313 W. California prior to building permit. OPA amended to eliminate prohibition of fitness club exceeding 23,000 SF. Applicant Original entitlements including DA (park Reuse of existing Mann 4 theater at the Marketplace for received a non-disturbance agreement and fee), DSP covenant, and design review 3 144 S. Brand Blvd. LA Fitness LA Fitness Under construction. $3.0M Nov. 2014 February 2016 a LA Fitness Health Club. separate parking agreement. Applicant approved 11/15/11. Revised Stage II and received a non-disturbance agreement and DSP Covenants approved 10/9/12. Tentative 9 124 W. Colorado Colorado Gardens Nick Lamm 50 Unit residential multi-family building Under construction. $10.7M TBD 2016 separate parking agreement. Tract Map approved by PC 8/21/13. Shoring 10/15/14 for (BB1123913) and Site B Foundation/Superstructure (BB1123911) Site A bounded by Pioneer, Central, Doran, and parking issued 11/19/14. Demo permit issued 2/9/15. Doran Gardens project (315 units- 30 studio; 182 structure; CEQA, zone change, General Plan amdt., 1BR; 88 2BR; 15 3BR) and 456 parking spaces. Site 12/18/14 for Partial TCO for 633 N. Central & 540 North Central Development Agreement (DSP open space DDA and Cooperation Agreement approved 4 Carmel Partners B bounded by Doran, Central, Orange, and Under construction. $50.0M Site B resid Buildings A & B- N. Central Ave. Apartments & park fee), alley vacation and Stage II in Mixed use development that includes a five screen by Council/Agency 3/22/11; Combined McDonald's Office building (540 N. Central). 192 bldg; Spring 2016 111 East Wilson progress approved 11/5/13. Mapleton/RDS Real Laemmle Theatre (approx 600 seats), 5,000 SF Stage I/II, creative sign, sign program, units- 18 Studio; 111 1 BR; 53 2 Br and 275 parking January Avenue & 215 North 10 Laemmle Theatres Estate, LLC and Laemmle restaurant/commercial space, 42 residential loft Under construction. $12.9M Jan. 2015 2017 parking reduction, DSP covenant approved spaces. 2015 Maryland Avenue Theatres, LLC style units, and 46-space subterranean parking 11/29/11. DA and City Agreement approved remainder Cinema Lofts level. by City Council June 3, 2014. Permits of project. issued 7/8/15.

Combined Stage I/II design & parking/loading Submitted Stage I application on 12/4/13. 5 315 S. Brand Blvd. Hampton Inn Vista Investment LLC 94 room Hampton Inn & Suites Under construction. $12.43M Oct. 2014 2016 variance schedule approved 2/26/13. Sign Received final entitlements May 13, 2014. variances approved 5/27/14. Combined Stage I/II design and CUP for 11 625 S. Pacific N/A Kamran Aryai 27 unit, 5 story residential condo project. Under Construction. $4.5M 8/7/2015 TBD residential in IMU-R. Parking exception approved administratively by CDD. Permit issued 8/7/15 (BB1424206). Under construction; permit HPC review and parking exception approved 6 214 North Brand Edan Burger Edan Burger Renovation of former Don Cucos space. $350,000 Nov. 2014 January 2016. (BB1417859) issued 11/14/14. due to expansion of floor area on 2nd level.

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City of Glendale Community Development Department City of Glendale Community Development Department Major Projects List Major Projects List

UNDER CONSTRUCTION (1,031 Units) EIR certification, sign variance, parking FULLYUNDER ENTITLED CONSTRUCTION PROJECTS (1,031 (1,609 Units) Units) Under construction. Shoring variance, DDA, DA (DSP incentive), public (BB1235544) and Received final entitlements 4/13/14 art, parking lease agreement, and design Louise Gardens Foundation/Superstructure Mixed-use with 91 multi-family units and 19,000SF including combined Stage I/II design and 12 111 N. Louise St. The Amidi Group 61-unit residential project. $15.2M TBD TBD review approved 12/8/07 for Phase I and II. 515-525 W. Colorado Submitted for Plan Check (DPSS Phase II) (BB1235522) issued 12/18/14. 1 Unnamed Chor Tan ground floor medical and 1,000 SF café. SB1818 $15.0M TBD TBD EIR. SB 1818 project; DB Affordable C of O issued for Phase I renovation of St. June 13, 2014 (BB1417486). Demolition started October project with 4 affordable units. Housing Plan has been completed and DPSS building (Hollywood Productions) in 2015. recorded. August 2010.

Renovation of the Central Library, relocation of main Parking garage submitted Stage II, CEQA, right-of-way vacation, Central Library None. 2010 bond funds are allocated and 13 222 E. Harvard St. City of Glendale entrance on to Harvard, secondary entrance on to Under construction. N/A TBD TBD Tropico Apartments- 3/25/15 (BB1505370); purchase agreement for vacated wedge, Renovation approved with FOC . Avalon Land Company, 220 multi-family residential units on a 2.25 acre January Central Park, FF&E and HVAC upgrades. 2 435 Los Feliz Rd. North (formerly the residential submitted 4/17/15 $28.0M TBD and CUP for residential in SFMU zone LLC/ Millcreek Residential site. 2016 "Mitaa Plaza") (BB1507284); Los Feliz wall required approved March 25 and April 22, DDA and Ground Lease approved by submitted 5/5/15 (BB1508504). 2014. Agency/Council, and DSP covenants approved 11 stories, 173 hotel rooms; 1 level of subterranean Submitted for Plan Check by Council on 3/15/11. Stage I/II approved parking. The hotel includes in-house amenities such 3/12/15 (BB1504451). Permit None. Stage I application received 2/27/14. 14 225 W. Wilson Ave. Hyatt Place Hyatt/Komar Investments $33.0M Early 2016. June 2017. 12/09. Parking reduction approved 3/12. DOF Mixed-use project with 182 residential units and as meeting areas, garden decks, and fitness center issued 11/24/15. Construction to Submitted for plan check January Deemed complete 3/21/14.Stage I approved approved Amended DDA 6/15/13. Design 3 515 W. Broadway N/A N/A 18,200 SF retail. SB1818 project with 8 affordable N/A TBD with pool. start early 2016. 4/22/15 (BB1506919). 2016 7/8/14. Final entitlements including Stage II changes (one less story and 2 less rooms) to units. be approved administratively. design and EIR approved 12/9/14.

489 residential unit with 3,000 SF of retail. Site does Combined Stage I & II and instrument Submitted for plan check on February 4 201 West Lexington CitiBank Site Cypress Equity not include the CitiBank branch on S/E corner of N/A TBD Imposing Covenants (DSP open space Masonic Temple Foundation only permit December ADR and Parking Exception approved 9/8/15. May 5, 2015. 2016 15 238 S. Brand Caruso Affiliated 9,737 SF one-story retail building with surface parking. $1.25M June 2016. Central/Milford. incentive) approved 11/4/14. Retail (BB1527613) issued 11/25/15. 2015 Adm. Exception approved 11/24/15.

None. Zone Change/Design application 55-unit multi-family development with 81 parking Waiting for plan check (overlay zone PPD) received 2/13/14. 5 1407 W. Glenoaks N/A Patrick Chraghchian spaces. Applicant is requesting a CUP to to allow N/A Spring 2016 TBD submission. Application deemed complete for Park Fee residential units on the ground floor pipeline status 3/11/14.

Stage I approved 5/14/13. CEQA Housing Plan and Density Mixed-use project with 142 multi-family units; certification, Stage II design, sign program, Bonus Housing Agreement 10,000 SF of retail/office and 5,000 SF of flex space February and CUP for residential in IMU-R zone 6 3901 San Fernando The Link George Garikian needed prior to issuing $24.8M TBD for industrial/studio space, retail or live/work . SB 2016 approved 12/10/13. SB 1818 project- building permits. Submitted 1818 project- 12 units affordable VL income. requires Affordable Housing Plan and for Plan Check 8/5/15. covenants. Stage I application received 2/27/14; Live/Work project with 209 units and 5,000 SF of deemed complete 3/27/14. Pipeline project Waiting for Plan Check 7 411 N. Brand N/A Amidi Group rental. Would redevelop parking structure for 400 $30.0M TBD TBD for Park Fee. Final entitlements (combined submission. North Brand Blvd. Stage I/II) and alley vacation approved by City Council June 3, 2014.

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City of Glendale Community Development Department City of Glendale Community Development Department Major Projects List Major Projects List

UNDER CONSTRUCTION (1,031 Units) None. Stage I application deemed complete UNDERIN ENTITLEMENTCONSTRUCTION (61 (1,031 Units) Units) Waiting for Plan Check 8 525 W. Elk Avenue N/A N/A 71 unit multi-family residential. N/A TBD TBD for pipeline status. Stage I/II design submission. approved June 11, 2015. CEQA document being prepared. PHO scheduled Holiday Inn Suites January 2016. Variance for Stage I design approved on 3/19/13. Stage II 1 1001 E. Colorado Aram Alajajian 134-room hotel on World's Gym site N/A TBD TBD None. Project can not proceed until Hotel number of stories (4 permitted, 5 Mixed use residential with 153 multi-family units design and Development Agreement (14- 9 144 N. Central Ave. Central+Wilson Holland Partners Group tenants relocate. Waiting for $23.8M TBD TBD proposed) being requested. DRB and 4,900 SF retail. year) approved 6/25/13. Alley vacation Plan Check submission. March 2016. approved 10/1/13.

Plan Check (BB1527714) January 26 unit live/work on parking garage. Project would 10 707 N. Pacific Rite Aid Starpoint Properties 12,700 SF Rite Aid on former Marie Calenders site. submitted 11/30/15. Demolition N/A TBD Conditional DRB approval issued 10/22/15. 2 1820 S. Brand N/A - In conceptual design stage. N/A TBD TBD None. 2016 connect with and project parking for Seely project. to start Janaury 2016.

Tenant improvement to convert former bookstore to Big Mamas and Papas Undergoing Administrative Summer 3 230 N. Brand Chess Park Tavern tavern/restaurant. Approximately 4,900 SF. Project N/A TBD None. Pizza Design Review. 2016 includes portion of chess park for outdoor dining.

Design Review and CEQA 4 128-132 S. Kenwood N/A N/A 35-unit residential project underway. Council consideration N/A TBD TBD None. late February/early March 2016.

130 room Indigo Hotel and replacement of public None. 12/16/15 Council approved entering into 5 239 N. Maryland Ave. Hotel Indigo R3 Waiting for ENA exection. N/A TBD TBD parking. a 6-month ENA; not executed.

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City of Glendale Community Development Department City of Glendale Community Development Department Major Projects List Major Projects List

UNDER CONSTRUCTION (1,031 Units) UNDER CONSTRUCTION (1,031 Units) RECENTLY COMPLETED (1,768 Units) Landlord work to demise former Casual Male XL space Project signage will require a variance from the 8 142 S. Brand Blvd. Buffalo Wild Wings World Wide Wings, LLC Completed. $750,000 Jan 2015 8/21/2015 57,000 SF; seismic retrofit and adaptive reuse of Floors 5-9 completed; landlord into 3 spearate tenancies (BB1423711) issued 1/14/15. Marketplace sign program. Phase I HPC approval 4/16/15. Phase II 1 232 S. Brand Blvd. Masonic Temple Caruso Affiliated/CBRE former Masonic Temple for office, commercial, and work for Floors 1-4 still under N/A May-15 1/4/16 approved 5/21/15. potential ground floor retail uses. construction.

Agency/Council certification of EIR; Agency 5,800 SF restaurant tenant improvement at former approval of Stage II design, sign program, 9 117 E. Broadway King Taco King Taco Completed. $300,000 Feb. 2015 8/7/2015 No descretionary entitlements required. Fortune Inn site (Broadway/Maryland) 27,465 sq ft. site located on the northeast corner of parking exception; and Council approval of Central and California Ave.; proposing to develop a sign variances, parking plan and DSP Legendary Tower Legendary Developments 2 300 N. Central Ave. 80 condominium units, 8,000+ SF ground floor Partial TCO 11/25/15. $19.5M - 11/25/15 covenants 3/16/10. DA (parks fee) approved Glendale LLC commercal with corner café . TCO issued 11/25/15 11/8/13. Roof top deck and conversion of Project approved by DRB November 2012. Ford Dealership Proposed relocation of Ford from current site across (excludes commercial). live/work to commercial (ground floor) and Alley vacation approved 8/6/13. Building 10 1101 S. Brand Blvd. relocation (PDR 2011- Star Ford the street to the current location of the Dodge TCO. Waiting for COO. $5.2M - Summer 2015 apartments (2nd floor) approved in plan permits (BB1303536) issued October 14, 064) dealership. check. 2013.

Grand Central Air Original entitlements including DA (park 3 1310 Airway Disney Adaptive reuse of the historic GCAT. TCO issued 11/13/15. N/A - 11/13/15. HPC approval 3/25/13. Terminal Multi- family residential building with about 35 fee), DSP covenant, and design review 11 118 S. Kenwood Kenwood Terraces 8200 Fountain LLC units (9 one-bedroom, 22 two-bedroom, 4 3- Completed. $9.0M - June 30, 2015. approved 11/15/11. Revised Stage II and bedroom) DSP covenant approved 10/9/12. Combined Stage I/II and DA (park fee) Superstructure (BB1211371) issued 4/16/13. approved 11/15/11. Administrative approval of revised Stage I/II approved 10/31/12. 4 613 N. Central Ave. Nexus on Central Millcreek Residential 235 unit residential project. Completed. $29.5M - 11/2/15 Ground breaking held 6/21/13. Foundation- Parking exception and variance for # of loading spaces; Stage I/II design approved on 1/21/14. only submitted issued 7/24/13(BB1237307). 12 5500 San Fernando Public Storage Public Storage 108,000 SF storage facility. Completed. $11.4M Jul. 2014 5/5/15 Superstructure issued 11/21/13 Submitted for plan check 4/21/14. Permit issued 8/1/14. (BB1237306).

Stage I design approval 5/29/12. Stage II Ground lease agreement with MONA and design and rescission of former DA Landlord- Landlord Work: July Brand+Wilson Rehabilitation of existing building and operation of Combined Stage I/II design approved 3/22/11; 212-216 South Brand Museum of Neon Art Museum of Neon August 2014 Mixed use project with 235 units and 9,800 SF Summer approved 9/11/12. Shoring (BB1305691) 5 museum. Completed. N/A Bid Authorization authorized 10/12; award 13 120 W. Wilson (former City Center Holland Partners Group Completed. $36.6M 5/1/15 Blvd. (MONA) Art/Agency 2013; TI- Tenant Work: Sept. retail. Located on s/w corner of Brand/Wilson. 2013. issued 5/21/13. Foundation-only submitted 2/5/13. Contract awarded 6/25/13 to W.E. II) March 2015 2015 12/12/12 (BB1237777); issued 6/20/13. O'Neil. Construction started 8/7/13. Superstructure (BB1304119) issue 12/19/13.

Central Park Development of mid-block paseo and Schematic design approved 3/11. CD's Paseo/Lot 10/ 6 218-222 S. Brand Blvd. Agency/ Public Works reconstruction/reconfiguration of alley/parking lot and Completed. N/A - 10/29/15 approved by City depts. On hold pending Orange+Wilson Colorado Lane Summer west bound right-hand turn lane on Colorado. receipt of FOC for bond funds from the State. 14 200 W. Wilson (former Alexander Holland Partners Group 166 units multi-family residential. Completed. $28.0M 5/1/15 Combined Stage I/II approved on 10/30/12. Addition 2013. Towers) No descretionary entitlements required. Nordstrom Reuse of the former Nordstom anchor building at 200 Landlord work under construction 7 200 W. Broadway Reuse/Dick's Sporting Caruso Affiliated West Broadway. Plan to subdivide into two separate Completed. $490,000 Oct. 2014 10/27/2015 (BB1419614). Dick's Sporting Goods TI Goods tenant spaces (1st & 2nd floor; 3rd floor). (BB1500978) issued 3/6/15.

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42 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 43 GLENDALE PROJECT LIST 2016 GLENDALE PROJECT LIST 2016

City of Glendale Community Development Department City of Glendale Community Development Department Major Projects List Major Projects List

UNDER CONSTRUCTION (1,031 Units) Stage II design, parking exception and DA UNDER CONSTRUCTION (1,031 Units) (parks fee), Density Bonus Housing Plan 287 multi-family units (22 affordable) and 16 23 655 North Central DreamWorks DreamWorks Tenant improvement 6th & 7th floor. Completed. - May 2014. None. 3900 San Fernando Glendale Triangle and Agreement & Agreement approved 15 Camden Property Trust live/work units; 18,000 SF commercial office and Completed. $50.5M - 4/9/15 Rd. Project 10/25/11. Revised Stage II approved 9/11/12. retail. SB1818 project with 22 affordable units. Foundation-only and Superstructure permits issued 1/31/13. No discretionary approvals needed for Avery. 24 207 Goode Avery Dennison Avery Dennison Tenant improvement of 5th and 6th floors for office use. Completed. N/A - January 2014. A sign program for the whole building is being processed. Parking exception approved administratively by 16 207 W. Goode Equinox Equinox 27,000 health club located on ground and second floor. Completed. $3.0M Nov. 2014 February 25, 2015. CDD. TI is approved through plan check. DreamWorks 25 655 N. Central DreamWorks Expanding facilities to 24th & 25th of Unum building. Completed. $1.07M - December 2013. N/A Expansion

17 148 S. Brand Blvd. Guppy House Kevin Kim 3,000 SF tenant improvement for restaurant Complete. $120,000 May 2014 November 2014 None required for TI. Will require a sign permit. Retail to retail conversion does not require Reuse of the former Border's store on corner of Brand discretionary approvals. Applicant is subject to 100 S. Brand/108 E. 26 Marshall's The TJX Companies, Inc. and Broadway (29,500 SF). The project does not Completed. $850,000 - October 3, 2013. an existing sign program and may either 2,000 SF restaurant in ground floor of office building Tenant improvement; no entitlements required. Broadway 18 400 N. Brand Panini Café Hootan Aiayan Completed $150,000 Jul. 2014 November 2014. include the former Gateway space on Broadway. submit signage consistent with the program or located at Brand and Lexington Needs encroachment for ADA accessibility. request amendment to the program.

Trader Joe's/Wal- Renovation of vacant 25,000 SF commercial center on DRB administrative. Only discretionary item is 19 101 E. Glenoaks Trader Joes/WalGreens Completed N/A - October 2014 Greens n/e corner of Brand and Glenoaks. CUP. Glendale Galleria/50, 100, 150 and 326 West Interior and exterior renovation of the Galleria I & II and Combined Stage I/II with sign program, Tenant improvement for 30,000 SF warehouse for spec No discretionary approval. Building permits Broadway; 110 and 145 associated public parking garages. Includes Landlord creative sign, and sign variances approved 20 815 Thompson - Ara Kirkjian Completed N/A - September 2014. 27 Galleria Remodel General Growth Properties Completed. $30.0M - October 2013. user. (BB1318325) issued September 26, 2013. S. Central Ave.; 100 S. improvements for former Mervyns (Bloomingdales) and 11/29/11.Revision to sign program approved Columbus Ave. and new identity, signage package. on 3/5/13. 101 S. Brand Blvd.

Paint- July 2014; Carpet- Alex Theatre Roof Exterior paint; carpet replacements; forecourt September 2014; Forecourt- July Included in lease agreement with Glendale Bloomingdales will occupy approximately 120,000 SF Combined Stage I/II design approved 8/21/12. 21 216 N. Brand Blvd. Alex Theatre N/A - September 2014. Replacement Project renovations; lighting upgrades; and rigging upgrades. 2014; Lighting- September Arts. 28 103 S. Brand Bloomingdales Macy's Inc. in the space vacated by Mervyns on the corner of Completed. $6.2M - October 2013 Revised signage approved on 3/5/13 (w/ 2014. Brand Blvd and Broadway. Galleria).

Combined Stage I/II design approved 8/21/12. Revised signage approved on 3/5/13 (w/ Living Fixtures will occupy 27,000 SF of the ground 310 unit residential project on two sites consisting Galleria). Building permit (BB1238278), 29 101 S. Brand Living Fixtures Living Fixtures floor space vacated by Mervyns on the corner of Brand Completed $3.1M - October 1, 2013 of 106 units on Site "A" with 76 studio and one- Agency/Council certification of EIR; Council Electric (BE1238283) & mech (BM1238285) Blvd and Broadway. bedroom units, 27 two bedroom units and 3 ground approval of stage II, creative sign, sign issued 4/9/13. Plumbing (BP 1238290) issued 324 North Central/323 level live-work units located at 320-324 North variance, DSP covenant, property transfer & 5/1/13. 22 Lex on Orange AMLI Residential Completed $51.6M June 2014. North Orange Central Avenue; and 204 units on Site "B" with 156 exchange agreement (bridge), and DA General Plan/zoning and TCP amendment studio and one bedroom units and 48 two-bedroom (parks fee) approved 10/18/11. Building 230 S. Orange St. and Caruso Affiliated/ 131,000 SF expansion of the Americana at Brand. TCO approved by Council 5/31/11; Combined Stage units located at 317-335 North Orange Street and permits issued 5/1/12 & 5/24/12. 30 Nordstrom Completed. $13.3M - September 20, 2013. 123 W. Colorado St. Nordstrom for E-Bar and restaurant issued 8/9/13. I/II and DA (park fee) approved by Council 208 West Lexington. 10/25/11.

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44 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 45 GLENDALE PROJECT LIST 2016 PROPERTY PHOTO

City of Glendale Community Development Department Major Projects List

PROJECT DEVELOPER/ START COMPLETION PROJECT PROJECT NAME PROJECT DESCRIPTION PROJECT STATUS VALUE ADDRESS APPLICANT DATE DATE APPROVALS/ENTITLEMENTS

Pedestrian conversion of Caruso Avenue west of the UNDER CONSTRUCTION (1,031 Units) No discretionary approvals required. Permit alley; improvements to the alley between condos and received for alley work and Caruso Avenue 31 167 Caruso Avenue Americana at Brand Caruso Affiliated Nordstrom; construction of lobby/corridor connecting Completed. n/a - September 20, 2013. improvements. Lobby (Brand to alley) Brand Blvd. with the alley through ground floor of condo BB1306665 issued 5/3/13. building (BB1306665 issued 5/3/13).

Combined Stage I/II design, creative signage, and sign variance approved on 5/15/2012. MGN Five Star Renovation of former Mann Theatre located In the Opened mid-August Building permits broken into series of permits. 32 128-130 N. Maryland MGN Five-Star Theater Completed. $600,000 - Cinema Exchange 2013. Permit to demo dome and interior alteration issued 3/1/12; TI permit issued 7/20/12; space frame canopy 1/31/13.

No discretionary approvals needed. Building permit (BB1236403) issued 4/10/13. A sign 33 207 Goode Whole Foods Whole Foods Tenant improvement of 7th and 8th floors for office use. Completed. $2.0M - April 2013 program for the whole building is being processed.

5 story 165,000 SF mixed use; 208 residential Agency/Council certification of EIR and studios, lofts, and two-bedroom units, ground floor approval of DSP covenant; Agency Eleve (Broadway restaurant and entertainment center uses (total approval of Stage II design, sign program, 34 200 E. Broadway American Multifamily Completed. $37.7M May 2013 Lofts) commercial 23,000SF). Residential parking parking exception; and Council approval of provided in 3-level subterranean garage (231 a CUP for alcohol, sign variances, and spaces). SB1818 project with 14 affordable units. Density Housing Plan & Agreement 12/7/10.

Remodel and renovation of existing animal hospital. A façade remodel of four buildings on two adjoining lots. 425-431 W. Los Feliz Gateway Animal Other improvements include interior renovation, Received administrative design review 35 Gateway Animal Hospital Completed. n/a - March 2013 Rd. Hospital construction of an open elevated walkway/kennel approval and received façade grant. connecting the two buildings, demolition and new landscaping. 8,500 SF ground floor retail space; 2 adjacent sites; 5 level A mixed-use building and 186 rental units 546 W. Colorado St. & 36 ICIS Alliance Residential Co. proposed for the larger site. 14 three-story Completed $35.0M January 2013 544-552 W. Elk Ave. townhomes to be built over a semi-subterranean parking structure on Elk site.

Residence at Encore Glendale Mixed-use with 26 multi-family condominium units 37 238 S. Jackson Completed $7.2M January 2013 Jackson Glen Investments, LLC and 3 office condominium units totaling 7,666 SF.

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46 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 47 RECENT DEVELOPMENT MASONIC TEMPLE FINISHED DEVELOPMENT 232 S Brand Blvd

57,000 SF; seismic retrofit and adaptive reuse of former Masonic Temple for office, commercial, and potential ground floor retail uses. Completed 2016. Developer Caruso Affiliated

48 - BROOKFIELDMASONIC PARTNERS, INC.TEMPLE IN GLENDALE BROOKFIELD PARTNERS, INC. - 49 RECENT DEVELOPMENT RECENT DEVELOPMENT TROPICO APARTMENTS CAMDEN TRIANGLE 435 W. Los Feliz Road 3900 San Fernando Road Glendale, CA Glendale, CA

Originally 218 units, Camden Glendale received a 32.5% Tropico Apartments Project is located at 435 West Los Feliz density bonus for providing low income housing within the Boulevard and is zoned Industrial/Commercial-Residential market-rate community. This will provide 70 additional Mixed-Use (IMU-R). The 91,826 square-foot site is bounded units; 28 of which will be designated as work force or low- on the south by Los Feliz Boulevard, on the east by Gardena income housing. 18,000 SF commercial office and retail. Avenue, on the north by Fernando Court, and on the west by The Type III building consists of 5 levels of wood over retail railroad tracks. and mezzanine parking. The blade’s strong architecture statement denotes the entry to the city of Glendale. The The Project proposes development of a five-story residential triangular shape of the site and its adjacent elements also building and a six-story parking structure with a total of 225 influenced the design largely due to the high level of traffic multi-family residential units (approximately 49 studios, 103 on one side of the building and the adjacent commercial one-bedroom, and 73 two-bedroom units) and 330 parking uses on the other side. spaces. The parking structure would have five levels of residential units along its entire southern edge screening the

• Distance to the offering subject property 0.6 miles structure from Los Feliz Boulevard. The maximum height of the • Total Units 288 structures would be approximately 65 feet above adjacent • Construction Type 3 grade. • Square feet 274,386 SF • Developer: Camden Property Trust • Distance to the offering subject property 0.7 miles • Completed Spring 2015 • Total Units 225 • Construction Type III • Developer: Millcreek Residential • Currently under Construction

50 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 51 RECENT DEVELOPMENT RECENT DEVELOPMENT ORANGE AND WILSON THE LINK 130 N Central Avenue 3901-3915 San Fernando Road Glendale, CA Glendale, CA

The project site is located in the southern portion of the Located on the northeast corner of Central and Wilson City of Glendale. The proposed project includes 142 multi- Avenues, in the Downtown Specific Plan’s Broadway Center family residential units; approximately 11,600 square feet District Holland Partners (the “Developer”) has completed of commercial floor area, 5,000 square feet of commercial 166 multi-family residential rental units with either 4,900 SF studio space, 1,500 square feet of lobby/leasing area, of commercial space in a “podium” type mixed-use design. supporting parking facilities, and recreation and open The “U”-shaped building features studio, one, two, and space amenities. The project as proposed consists of one three-bedroom units that surround a central courtyard. The U-shaped five-story structure that wraps around the site Project is six stories with an overall height of approximately on the sides facing San Fernando Road, Central Avenue, 85 feet. Projects within the “Broadway Center” District may and the CVS Pharmacy parking lot. The building would also use any combination of incentives to increase the permitted include a lobby, a bike shop, storage rooms, service, trash height from six stories/95 feet to 12 stories/185 feet, and and recycling rooms, an outdoor pool area, and courtyards. the FAR from 3.0 to 5.2. The Project height is six stories/85 A total of 244 parking spaces would be provided on the feet, which is in keeping with the permitted story/height limits, ground floor and within a two-level subterranean parking but the proposed 4.4 FAR exceeds the limits permitted by garage. right.

• Distance to the offering subject property 0.6 Miles • Distance to the offering subject property 1.5 Miles • Total Units 142 • Total Units 166 • Developer George Garikian • Developer Holland Partners Group • Completion Date: TBD • Completed 2014

52 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 53 RECENT DEVELOPMENT RECENT DEVELOPMENT THE ELEVE BRAND & WILSON 200 Broadway 120 W Wilson Glendale CA Glendale, CA

The site is an approximately 60,000 square foot 5 story 165,000 SF mixed use; 208 residential rectangle bordered by Brand Boulevard, Wilson studios, lofts, and two-bedroom units, ground Avenue, Orange Street, and the existing City floor restaurant and entertainment center uses Center office and retail complex to the South. (total commercial 23,000SF). Residential parking Mixed use project with 235 units and 9,800 SF provided in 3-level subterranean garage (231 retail Completed in 2014. spaces) Project completed 2013.

• Distance to the offering subject property 1.5 • Distance to the offering subject property 1.5 Miles Miles • Total Units 235 • Total Units 208 • Developer Holland Partners Group • American Multifamily • Completed 2014 • Completed 2013

54 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 55 RECENT DEVELOPMENT RECENT DEVELOPMENT

LEX ON ORANGE NEXUS ON CENTRAL 324 North Central 600 N Central Glendale CA Glendale, CA

324 North Central/323 North Orange. 310 unit 600 N Central Ave. 235 apartment homes in a residential project on two sites consisting of 106 six-story complex with subterranean parking on units on Site “A” with 76 studio and one-bedroom a 1.67 acre site. Studio, 1-, 2- and 3-bedroom units, 27 two bedroom units and 3 ground level apartment homes ranging in square footage from live work units located at 320-324 North Central 620 square feet to 1,499 square feet. Project Avenue; and 204 units on Site “B” with 156 studio completed in 2015. and one bedroom units and 48 two-bedroom units located at 317-335 North Orange Street • Distance to the offering subject property 2 and 208 West Lexington. Completed in 2014. Miles • Total Units 235 • Distance to the offering subject property 1.7 • Developer Millcreek Residential Miles • Completed 2015 • Total Units 310 • Developer AMLI Residential • Completed 2014

56 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 57 RECENT DEVELOPMENT RECENT DEVELOPMENT

301-311 N Central Avenue LEGENDARY TOWER Glendale, CA 300 N Central Avenue Glendale, CA The project is located at the northwest corner of Central and California Avenues in the “Transitional” 27,465 sq ft. site located on the northeast corner district of the DSP. 84 multi-family residential rental of Central and California Ave.; 80 condominium units and 4,397 SF of ground level commercial units, 8,000+ SF ground floor commercial with space in a “podium” type mixed-use design. The corner café . Completed 2014. building features one, two, and three-bedroom units that surround a central courtyard. The • Distance to the offering subject property 1.6 Project is six stories along Central Avenue and Miles steps down to four stories along California with a • Total Units 80 maximum height of 75 feet. • Developer Legendary Developments LLC

• Completed 2014 A Zone Change Map Amendment and General Plan Map Amendment for the two lots fronting on California Avenue was heard by the City Council on January 15, 2013.

• Distance to the offering subject property 1.7 Miles • Total Units 84 • Developer Chandler Pratt and Partners • Completed 2015

58 - BROOKFIELD PARTNERS, INC. BROOKFIELD PARTNERS, INC. - 59 KELLY BETPOLICE CONTACT Managing Principal C: 310.403.8544 18801 Ventura Blvd.Suite 310 P: 818.462.8249 Tarzana, CA 91356 F: 818.332.4977 E: [email protected] Cal BRE: 01470894 www.brookfield-partners.com

PETER STEIGLEDER CONTACT Managing Principal C: 818.422.8879 18801 Ventura Blvd.Suite 310 P: 818.293.1004 Tarzana, CA 91356 F: 818.332.4977 E: [email protected] Cal BRE: 01299383 www.brookfield-partners.com

JAY MARTINEZ CONTACT Managing Principal P: 818.201.3605 C: 818.212.3057 18801 Ventura Blvd., Suite 310 Tarzana, CA 91356 F: 818.688.8140 E: [email protected] Cal BRE: 01367663 www.brookfield-partners.com