DOCSLIB.ORG

Santa Monica Dev Portfolio OM

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Santa Monica Dev Portfolio OM 3 CONTIGUOUS PARCELS OFFERING MEMORANDUM All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. ROGER PHILLIPS Director EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. 310.721.2896 Mobile Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to rphillips@kw.com DRE# 01057506 conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by KW Commercial in compliance with all applicable fair housing and equal opportunity laws. 251 S. Lake Avenue, Suite 320 Pasadena, CA 91101 DRE# 01444805 41 42 43 Address 3018 Pico Boulevard 3024 Pico Boulevard 3026 Pico Boulevard City Santa Monica, CA 90405 Santa Monica, CA 90405 Santa Monica, CA 90405 APN 4270-006-041 4270-006-042 4270-006-043 Zoning C4:NC (Neighborhood Commercial Overlay) C4:NC (Neighborhood Commercial Overlay) C4:NC (Neighborhood Commercial Overlay) Lot SF 5,961 5,774 5,586 Acres 0.1368 0.1326 0.1282 DISCLAIMER: The information contained herein is not a substitute for a thorough due diligence investigation. The Broker has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, zoning & land use, and the size and square footage of the property and improvements. OFFERING MEMORANDUM | PICO BOULEVARD 4 • Neighborhood Commercial Zoning • Max FAR -1.25 (Tier 1) -1.5(Tier 1 - including on-site affordable housing - 1.75(100% affordable housing) • Max Building Footprint -10,000 Sq. Ft. (Tier 1) -15,000 Sq. Ft. (Tier 2) • Max Height -2 Stories / 32’ (Tier 1) -2 Stories / 32’ (Tier 1- including on-site affordable housing -No limit to stories / 32’ (100% affordable housing) • Setbacks -10 ft. Minimum interior side and rear (when adjacent to residential ) Strategically located in an excellent Santa Monica location bordering West Los Angeles. Westwood, Brentwood, Mar Vista, Venice and Pacific Palisades are adjoining neighbors. It is near the 10 and 405 Freeways, giving travelers easy access to all parts of the City, including Santa Monica’s most famous attractions: the beach, pier, and world-class shopping & entertainment. Highly Desirable Community with Dense Retail Population » Plentiful Walkable Amenities - Many popular restaurants and retailers within walking distance» Close to Major Transportation including the I-405 and I-10 Freeways, Santa Monica Airport, LAX, and various stops along the Metro Expo Rail Line OFFERING MEMORANDUM | PICO BOULEVARD 5 Westside Towers Expo/Bundy Station Chase Bank Rejuice UnUrban Coffee Trader Joe’s Viet Noodle Pico Parking SureStay Virtual Snow McCable’s Guitar Address Building SF Lot SF Zoning Built Sale Date Price Price/SF Price/Lot SF 1 5,146 6,098 C4 1948 03/17/20 $3,279,000 $637.19 $537.72 1020 Pico Blvd Santa Monica, CA 90405 2 2,800 6,098 C4 1948 05/12/20 $3,100,000 $1,107.14 $508.36 1044 Pico Blvd Santa Monica, CA 90405 3 2,121 5,227 C4 1924 FOR SALE $2,600,000 $1,225.84 $497.42 823 Pico Blvd Santa Monica, CA 90405 4 1,298 2,614 C4 1948 FOR SALE $1,580,000 $1,217.26 $604.44 3113 Pico Blvd Santa Monica, CA 90405 5 2,050 7,841 NC 1946 FOR SALE $3,495,000 $1,704.88 $445.73 2019 18th St Santa Monica, CA 90404 6 2,488 7,405 NC 1921 FOR SALE $4,100,000 $1,647.91 $553.68 2651 Main St Santa Monica, CA 90405 7 2,285 4,500 NC 1956 FOR SALE $2,450,000 $1,072.21 $544.44 2116 Pico Blvd Santa Monica, CA 90405 8 2,488 7,405 NC 1921 FOR SALE $4,100,000 $1,647.91 $553.68 2651 Main St Santa Monica, CA 90405 9 5,924 6,098 NC N/A 08/30/18 $2,925,000 $493.75 $479.63 2740 Main St Santa Monica, CA 90405 Total/Averages 2,956 5,921 1939 $1,194.90 $525.01 OFFERING MEMORANDUM | PICO BOULEVARD 10 SANTA MONICA CA Santa Monica, California offers more than its beach and year round warm weather. Its proximity to the greater Los Angeles area makes Santa Monica the perfect base for vacationers and business travelers alike. MAIN STREET: Santa Monica’s Main Street bears the laid back artsy side of Santa Monica, a side of the city that has been characterized by a local, surf vibe for years. Consider the many art galleries and attractions such as the Edgemar Center for the Arts and Mindfulnest, which is one-part art gallery, one-part shop. Main Street is also home to one of the highest concentrations of coffee shops in Santa Monica. A variety of different boutique shops are scattered along Main Street and a weekly farmers market takes place every Sunday. MID-CITY: The furthest inland neighborhood in Santa Monica is known as Mid-City. This is the arts and entertainment hub of Santa Monica, and is home to a number of the largest entertainment companies. Mid-City also is where you’ll find one of the largest contemporary art collections in Los Angeles, Bergamot, which was formerly a railroad station but now houses a plethora of different art galleries. Some of Santa Monica’s best restaurants are in Mid-City, including Mélisse, which had won two Michelin stars. NEIGHBORHOODS OCEAN PARK BOULEVARD PICO BOULEVARD SANTA MONICA PIER Running southeast from the Santa Monica Pier is Running parallel to I-10 is perhaps the most ethnically The palm tree-lined avenue and views overlooking Ocean Park. That local, artsy aesthetic of Main Street diverse neighborhood in Santa Monica: Pico. The the Pacific Ocean make the Santa Monica Pier area extends here, comprising independent coffee shops, people here can vary, from college students strolling and Ocean Avenue one of the most iconic locations in boutique stores, and art galleries. Located just east of in and around Santa Monica College to locals popping Santa Monica. Unique hotels, such as The Georgian Ocean Park is the Santa Monica Airport. Not only is in and out of the clothing boutique shops, record and The Shore, dot Ocean Avenue while open-air this a working airport for private jet owners, but it stores, and art galleries. Saturday mornings on Pico restaurants and bars, such as Blue Plate Oysterette also is the location of the Museum of Flying, which feature a smaller, more local farmers market than the and The Bungalow, line the avenue. Just down from features numerous aircraft and artifacts, including a Downtown Santa Monica Farmers Market; the Pico Ocean Avenue is perhaps Santa Monica’s most Wright Flyer replica and World War II planes, and iteration usually comprises no more than 30-40 local famous attraction, the Santa Monica Pier. This adjacent to the Spitfire Grill. farmers. attraction dates back to 1909, and features a solar- paneled Ferris wheel, amusement park, aquarium, and live concerts and movies during the summer months. SILICON BEACH SYNERGY Silicon Beach is the Westside region of the Los Angeles metropolitan area that is Nevertheless, the headquarters of these established corporate tech titans tends home to over 500 tech startup companies, with emphasis on the coastal strip to be elsewhere, though the region has had startups proliferation.
Load more
Loading...
Loading...
Loading...
Loading...
Loading...

18 pages remaining, click to load more.

Recommended publications
  • Iii. General Description of Environmental Setting
    III. GENERAL DESCRIPTION OF ENVIRONMENTAL SETTING Section 15125 of the California Environmental Quality Act (CEQA) Guidelines requires that an EIR include a description of the existing environment. This section is intended to give a general overview of the environmental setting for this project. More detailed information on existing conditions is provided under each individual environmental topic studied in Section IV, Environmental Impact Analysis. This section also provides an overview of the related projects that are considered as part of the future conditions in evaluating cumulative impacts. A. OVERVIEW OF ENVIRONMENTAL SETTING 1. Project Site and Surrounding Area Location As stated in Section II, Project Description, the project site is located in the Wilshire Community Plan Area, approximately 2.5 miles north of the Santa Monica Freeway (I-10). In addition, the northern one-third portion of the project site is located within the Miracle Mile District, a mile-long commercial corridor fronting Wilshire Boulevard from Sycamore Avenue to Fairfax Avenue. The Wilshire and LaBrea Project consists of a residential component and a retail/restaurant component. Specifically, the proposed project is situated on a 147,057-square-foot site that is bound by Wilshire Boulevard to the north, Sycamore Avenue to the east, 8th Street on the south, and La Brea Avenue to the west. Existing Land Uses The Wilshire Community Plan Area has a pattern of low- to medium-density residential uses interspersed with areas of higher-density residential uses. Long, narrow corridors of commercial activity can be found along major boulevards, including Wilshire Boulevard. The Miracle Mile District consists of a mixture of commercial, retail, upscale restaurants, and museums that are very popular destinations for tourists.
    [Show full text]
  • Final Screening
    Alternative 1 Olvera Union Street Station ALAMEDA STREET Alternative 2 Alternative 3 Alternative 4 Alternative 5 HOPE STREET GRAND AVENUE HILL STREET BROADWAY SPRING STREET Alternative 6 Cathedral Alternative 7 Proposed Streetcar Bridge Over 5th St. TEMPLE STREET Music Red/Purple Line Center Station Access Civic Center Park City Hall Blue Line Station Access Future Regional Connector Station 1ST STREET Access Walt Disney Vertical Circulation Concert Access Hall MAIN STREET Broad OLIVE STREET 2ND STREET Future Vertical Museum Circulation Access Proposed ANGELES STREET LOS GTK WAY MOCA 3RD STREET Grand World Angels Flight California Central Trade Plaza Market Center 4TH STREET Westin Bonaventure Hotel 5TH STREET LA Central Millenium Library Roxie Theatre Biltmore Pershing Cameo Theatre Hotel Square Arcade Theatre 6TH STREET L.A. Theatre Palace Theatre 7TH STREET State Theatre 8TH STREET Tower Theatre Rialto Theatre Ralph’s Orpheum Theatre 9TH STREET FIDM Federal California Reserve Market Bank Center OLYMPIC BOULEVARD LA Live LA 11TH STREET Live Herald Examiner I&II Staples AT&T Center Center 12TH STREET Herald Examiner Los Angeles III Convention Center PICO BOULEVARD BROADWAY HILL STREET HOPE STREET OLIVE STREET GRAND AVENUE Los Angeles STREET FLOWER California Convention STREET FIGUEROA Hospital Center Medical Center No Scale Los Angeles Streetcar | Alternatives DRAFT | September 26, 2011 Alternative 1 Olvera Union Street Station ALAMEDA STREET Proposed Streetcar Bridge Over 5th St. Red/Purple Line Station Access Blue Line Station Access
    [Show full text]
  • Non-Toxic Drycleaner List
    South Coast Air Quality Management District 21865 Copley Drive, Diamond Bar, CA 91765-4182 (909) 396-2000 www.aqmd.gov Store Name Business address Business city Business zip Equipment type Los Angeles Tic Toc Cleaners 5735 Kanan Road Agoura 91301- Hydrocarbon Jim Dandy Cleaners 28708 Roadside Dr., Suite I Agoura Hills 91301- Hydrocarbon Agoura Cleaners 5009 Kanan Rd. Agoura Hills 91301- Hydrocarbon Galaxy Cleaners 5855 Kanan Road Agoura Hills 91301- Hydrocarbon Dryclean Express Cleaners 1028 East Valley Boulevard Alhambra 91801- Hydrocarbon Buckboard Cleaners 1465 East Valley Boulevard Alhambra 91801- Wet Clean Hill Top Cleaners 151 E. Foothill Blvd. Arcadia 91006- Hydrocarbon Swiss Cleaners 9065 Woodman Avenue Arleta 91331- Hydrocarbon Fulton Cleaners 9081 Woodman Ave Arleta 91331- Hydrocarbon Value Cleaners 11414-B Artesia Boulevard Artesia 90701- Hydrocarbon Ajay Cleaners 11831 Artesia Boulevard Artesia 90701- Hydrocarbon Rosedale Cleaners 1173A East Alosta Avenue Azusa 91702- Wet Clean Quality Cleaners 4077 East Gage Avenue Bell 90201- Hydrocarbon V+M Cleaners 6200 South Eastern Avenue, #H Bell Gardens 90201- Hydrocarbon Dick's Cleaners 6536 Eastern Avenue Bell Gardens 90201- Hydrocarbon Express Cleaners 17210 Lakewood Blvd Bellflower 90706- Hydrocarbon Non Pareil Cleaners 8624 Wilshire Boulevard Beverly Hills 90211- CO2 Best Quality Cleaners 9115 West Olympic Blvd. Beverly Hills 90212- Hydrocarbon Brentwood Village Cleaners 11722 Barrington Court Brentwood 90049- Hydrocarbon 1212 North San Fernando REX 1 hr Cleaners Boulevard, #E Burbank 91504- Hydrocarbon Evergreen Cleaners 2436 West Victory Boulevard Burbank 91505- Hydrocarbon Allen's Dry Cleaning 321 East Alameda, #F Burbank 91502- Hydrocarbon * Please note that this is a list of professional cleaners in the region that use non-perchloroethylene alternative technologies.
    [Show full text]
  • Production Studio for Lease in Playa Vista
    Production Studio For Lease in Playa Vista 5419 McConnell Avenue Mark Berman Les Small O: 310-785-2000 O: 310-785-2000 C: 310-713-1323 C: 310-785-2200 mark@lesmark.net les@lesmark.net DRE 01013402 DRE 00692938 5419 McConnell Ave | Playa Vista PREMISES 30,010 SF (not divisible) USE Formerly used by a major motion picture production company, it has state-of-the-art soundstages, virtual production stage, two screening rooms, editing bays, sound booths, etc. RENT Negotiable, modified gross OCCUPANCY Immediate TERM 1 – 10 years PARKING 68 new restriped parking spaces outside your door at $150 per space, per month. Lot conducive for valet parking for additional spaces (Landlord may be able to provide up to 5:1000 parking) CEILING HEIGHT Up to 23’ LOADING 3 Dock High, 1 Ground Level 5419 McConnell Ave | Playa Vista Specs LARGE SCREENING ROOM • Size: 19’ 3 “ x 10’ 10” (1.78:1) • Precision White Screen 1.4 Gain SMALL SCREENING ROOM • Size: 12’ 6 “ x 7’ 1” (1.78:1) • Precision White Screen 1.4 Gain VIRTUAL PRODUCTION STAGE Size: 54’ x 69’ with 18’6” ceiling height POWER • 600 amps 3 phase service (equipped for 1200 amps electrical capability with city utility upgrade to building) • Additional 3 new transformers with conduit and feeders ready to be pulled down when new switchboard is installed, if needed • 14 new 277V and 120V electrical panels • 5 new 200A breakers in existing switch gear HVAC • Recent upgrade of existing units and addition of 12 units • Editorial, stage, and screening room areas utilize line ducting to reduce noise WIRING • Fiber and CAT6 throughout with enough conduit to add or remove additional runs • 10GB Sohonet Fiber with a 1GB Back-Up Sohonet Fiber 5419 McConnell Ave | Playa Vista 1st Floor Plan 5419 McConnell Ave | Playa Vista 2nd Floor Plan 5419 McConnell Ave | Playa Vista Location Marina del Rey Playa Vista Minutes away from the 405 and 90 freeways, and a 10-minute drive to LAX.
    [Show full text]
  • 2018 Press Release
    5th Annual Digital Entertainment World Features Speakers from Facebook, Apple, Netflix, YouTube, Microsoft & Disney Digital Media Wire’s annual event includes 2,000 decision-makers across video, music, games and advertising, startups, innovators, technologists and press at 2018 DEW, Feb. 5-6. LOS ANGELES, CA--(Marketwired - January 24, 2018) - Recognized by Hollywood insiders, digital influencers and industry leaders throughout the world as a "must-attend" event, now in its 5th year Digital ​ Entertainment World (DEW) is where you want to be if you are in the business of creating or monetizing ​ ​ digital entertainment content. DEW 2018 focuses on "The FUTURE of..." and will cover topics from OTT to Innovation to eSports to ​ ​ ​ Content Marketing to VR/AR to Music Rights to Startups, etc., as this theme guides the talks, discussions, meetings and presentations over the two days. This year's event will be held in the hip and modern Marina del Rey Marriott just steps from the beach and located in the heart of LA's thriving Silicon Beach with easy access to Santa Monica, Venice and Playa Vista. The event includes keynotes, fireside chats, presentations, panel discussions, tech demos, startup competition, innovative exhibitions, daily DJ music and performers and the best networking in the hotel's Sinder Lounge. "2018 DEW focuses on the most important developments shaping entertainment and media today from media consolidation to cord cutting to the challenges facing digital publishers," said Ned Sherman, DEW Chair and Counsel & Director of Manatt Digital. "By bringing together the key stakeholders at the intersection of content and technology, we provide a first-class platform for deal making and partnership development." DEW includes more than 75 unique sessions and 200 speakers on topics essential to the future of video, music, brands, marketing, gaming, AR/VR, and AI.
    [Show full text]
  • Ocean Front Walk Creative Office Investment Opportunity in the Heart of Venice Beach
    1007-1017 OCEAN FRONT WALK CREATIVE OFFICE INVESTMENT OPPORTUNITY IN THE HEART OF VENICE BEACH Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740 PROPERTY SUMMARY HFF has been engaged as the Exclusive Advisor to extend to 1011-1017 qualified investors the opportunity to acquire the fee simple and leasehold interests in 1007-1017 Ocean Front Walk, Venice, California (the “Property” or “Ocean Front Walk”). The Property is comprised of a two-story, 10,778 square foot creative office and retail building that is owned fee simple, and an adjacent one story 2,811 square foot building and 24 surface parking space lot (leasehold). This location offers beach front views, an excellent live-work environment, extensive local amenities, strong economic fundamentals driven by the tech explosion in Silicon Beach and ample executive housing along the coast of the Westside. PROPERTY OVERVIEW PROPERTY OVERVIEW 1007-1009 Ocean Front Walk 1011-1017 Ocean Front Walk Address Venice, CA 90291 Address Venice, CA 90291 Building Size 2,811 SF Building Size 10,8778 SF Year Built 1987 Year Built 1921 Stories 1 Stories 2 Leased % 100% Leased % 73% Parking 24 Surface Spaces Parking 0 Surface Spaces “Silicon Beach” is now one of the heaviest concentrations of technology Interest Owned Leasehold (18 Years Remaining) Interest Owned Fee Simple and startup companies in the world. THE OPPORTUNITY INVESTMENT HIGHLIGHTS Ocean Front Walk represents the rare HIGH-TECH opportunity to acquire a truly creative office HIGHLY DESIRABLE opportunity in the heart of Venice Beach, one OFFICE LOCATION TENANT DEMAND of the top performing markets in Southern Rivaled only by submarkets within San Francisco Venice is synonymous with “new economy” California.
    [Show full text]
  • 5101-5121 W. Pico Boulevard S
    OLYMPIC MEDICAL CENTER WEST BEVERLY GROVE HOLLYWOOD MIRACLE MILE PICO BOULEVARDMEADOWBROOK AVE 5101-5121 W. Pico Boulevard S. REDONDO BLVD Four Parcels Totaling 31,960 SF Spanning an Entire Block LOS ANGELES, CA 90019 from Meadowbrook Ave and S Redondo Blvd Over 270 Feet of Frontage on Pico Blvd; Lot Zoned C4-1-O in a Tier 2 TOC CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.
    [Show full text]
  • Silicon Valley Goes to the Beach | TIME.Com 4/16/14, 12:35 PM
    Silicon Valley Goes to the Beach | TIME.com 4/16/14, 12:35 PM Silicon Valley Goes to the Beach Just add water Silicon Beach entrepreneur Tracy DiNunzio, whose Santa Monica, Calif.–based startup is actually located a few blocks from the sand JUCO for TIME Powered by video and fed by stars, a startup boom in west Los Angeles is giving California a second high-tech mecca http://time.com/57159/silicon-valley-goes-to-los-angeles/ Page 1 of 6 Silicon Valley Goes to the Beach | TIME.com 4/16/14, 12:35 PM The second-floor office of Tradesy, a 16-month-old online consignment shop, has all the requisite trappings of a digital startup. Inside an open, loftlike space, seven 20- somethings work at a central pod of desks near an L-shaped kitchen stocked with free snacks and drinks. Employees’ dogs scamper beneath their feet while a team of programmers, eyes glued to computer screens, huddles in a separate room. But there is a giveaway clue that Tradesy isn’t based in Silicon Valley or one of the dozens of other tech hubs that have taken root from Austin to Omaha: a deck off the kitchen is piled with surfboards. From there, the Pacific Ocean and the wide white- sand beach of Santa Monica, Calif., is about 300 yards away–easy walking distance when the waves are breaking. “We have two things we hold dear here,” says Tradesy co-founder and CEO Tracy DiNunzio, 35. “Catered food delivered for all meals and being close to the ocean.” Such is life in Silicon Beach, a stretch of roughly four miles from Venice to Santa Monica that has become the heart of Los Angeles’ fast-growing tech scene.
    [Show full text]
  • Why Silicon Beach Bros Are Buying in Brentwood 6:30 AM PDT 11/4/2017 by Peter Kiefer
    Why Silicon Beach Bros Are Buying in Brentwood 6:30 AM PDT 11/4/2017 by Peter Kiefer Courtesy of HILTON & HYLAND This $38.5 million South Burlingame estate is listed by Hilton & Hyland's Drew Fenton. L.A.'s digital jet set migrates north for space, privacy and a respite from anti-tech sentiment: "No one wants to be picketed." The borders of Silicon Beach loosely extend to Venice Beach, Santa Monica and Playa del Rey, where the L.A. area's largest tech employers — Google, Yahoo, Snap and Riot Games — have set up shop the past decade. But when Snap founder Evan Spiegel put down personal roots, the Silicon Beach wunderkind (credited with either transforming or destroying Venice, where Snap is headquartered, depending on whom you ask) settled on a ZIP code that struck many observers as counterintuitive. With wife Miranda Kerr, the 27-year-old plunked down $12 million last year for a Gerard Colcord-designed estate just below the Getty Museum in Brentwood. With the Silicon Beach tech community now in its adolescence (Google announced its move to Venice seven years ago) and adjacent real estate surging to record per-square-foot highs amid dwindling inventory, a trend has taken hold: Tech titans are leaving Santa Monica condos and Venice bungalows in the rearview mirror of their Teslas as they head to the quiet calm offered by Brentwood. "My prediction all along was that they would end up coming to Brentwood," says the Agency's Santiago Arana, who has brokered multiple deals in the neighborhood for tech moguls.
    [Show full text]
  • ANALYSIS of EXISTING CONDITIONS a Subregional View Of
    ANALYSIS OF EXISTING CONDITIONS A subregional view of travel on the Westside has been drawn from interviews with elected officials, meetings with MTA and other agencies and analysis of existing data. The subregion considered in this analysis is shown in Figure 1. Because transportation does not respect political boundaries, the Westside Mobility Study area is roughly all of Los Angeles County west of La Brea Avenue, north of Los Angeles International Airport and south of Mulholland Drive. The Westside has many of the most important activity centers in all of Southern California; 16 of these are shown in Figure 2. The Westside Mobility Study has begun to define what might be done to meet those needs for improved linkages, specifying the most critical locations for major transit improvements and other multimodal improvements. Evaluation of Existing Transportation Conditions A goal of the Westside Mobility Study is to provide an accurate picture of the existing traffic and congestion levels on primary arterials and corridors in the Westside area. As there was a large amount of readily available, current data, no new supplementary traffic counts were conducted. Data was acquired from the following sources and ranges predominantly from 2000 to the present day: · Traffic data from the Cities of Beverly Hills, Culver City, Santa Monica and West Hollywood · Transit data from Culver City Bus, Big Blue Bus and MTA · Information from MTA’s Short Range Transportation Plan: Technical Document · Los Angeles Department of Transportation (LADOT) database of traffic counts · Previous Kaku Associates projects · Caltrans counts 10 WESTSIDE MOBILITY STUDY SSOCI TES A Corporation FIGURE 1 STUDY AREA Multi-purpose Activity Centers WESTSIDE MOBILITY STUDY SSOCI TES A Corporation FIGURE 2 MAJOR ACTIVITY CENTERS Area Characteristics - Employment, Population and Housing: The Westside area has at least 10% of the jobs in Los Angeles County and is home to over 6% of County residents.
    [Show full text]
  • Los Angeles MINUTES TECHNOLOGY Savills Research Tech Sector Update PRACTICE GROUP
    New York Tech Q4Sector 2020 Update | Q3 2020 MARKET IN Los Angeles MINUTES TECHNOLOGY Savills Research Tech Sector Update PRACTICE GROUP MARKET TAKEAWAYS Large tech companies are still moving ahead with plans to grow footprint and occupy more space in the market - even amongst announcements of more work- from-anywhere flexibility - as evidenced by recent expansions by both Netflix and Facebook. Michael Soto Research Director, Southern California Smaller technology companies are focused on cutting costs, including real estate Region +1 213 553 3833 costs, which has resulted in many new sublease availabilities throughout 2020. msoto@savills.us The amount of sublease space well-suited for technology companies is going to continue to increase as companies evaluate future space needs, presenting tech tenants with an abundance of high-quality options which are already built-out. Nicolas Splichal Tech startup activity and venture capital financing is spread out all over LA but Research Associate +1 213 553 3864 remains mostly focused in West LA which is the traditional home of Silicon Beach. nsplichal@savills.us LARGEST VENTURE CAPITAL RAISES IN 2020 2.2b $ 750m $ 500m 450m $ $ 135m 133m $ 120m $ 340m 100m $ $ 87m 74m $ 66m 53m $ $ $ $ SpaceX Quibi Relativity Zwift Scopely Aspiration Beyond Ordermark Goat Boosted Service Pipe Kernel Space Limits Group Commerce Titan Funding Type: Venture Series A Series C Series D Series E KEY TECH MARKET WEST LOS ANGELES LOS ANGELES (OVERALL) STATISTICS Q4 ‘19 Q4 ‘20 Q4 ‘19 Q4 ‘20 Availability 13.9% 21.3% 18.1%
    [Show full text]
  • Silicon Beach Shows Promise, Not Profits
    www-old.carseywolf.ucsb.edu Carsey-Wolf Center at UC Santa Barbara By John Vanderhoef 16-20 minutes Modeled after Silicon Valley in the Santa Clara Valley near San Francisco, Silicon Beach is a cluster of technology and software development firms that spans a three-mile stretch from Venice Beach to Santa Monica. Although there has been a tech presence in the LA area for decades, this presence dramatically increased after the economic collapse of 2008 when unemployment in Silicon Valley enticed many in the tech industry—including some of the original creators of a then-ailing MySpace—to pursue their own startup ventures. Lured by cheaper rent, better weather, beach access, and closer proximity to entertainment companies, today over 800 startups call Silicon Beach home. Moreover, as startup fever increases in the area, new tech-based companies have spilled over into surrounding cities, including Hollywood, Pasadena, and Culver City, bringing the number of start-ups in the region to over 2000. The area has even attracted heavyweights like Microsoft, Facebook, and Google, all of which have set up shops along the southern coast. Together these firms focus on digital games, video, social and creative apps, and e-commerce. However, as a young cluster, Silicon Beach has yet to launch a single breakout success story. As such, it currently represents a growing tech bubble built on eyeballs, not direct spending, and depends on a workforce and investor class structured by risk. On top of that, the relationship between the technology and entertainment industries remains fraught. Although Silicon Beach represents the potential for a union between technology and entertainment, the experiment might also prove to be incompatible with Hollywood interests.
    [Show full text]