Area Office Transactions Total 116,000 SF

The 67,070-sf office building, at 200 Pine Ave., is situated in the heart of Downtown Long Beach. The 67,070 sf includes approximately 53,876 sf of office space and 13,200 sf of retail space. Realm bought the building from Maxxam Enterprises LLC of Beverly Hills.

The 200 Pine Ave. building, at the corner of Pine Avenue and Broadway, is known as City Centre. Built in 1968 and renovated in 1989, it was 79% occupied at the time of the sale, with local and national tenants such as Lexico Publishing and XO Communications.

The Realm Group plans to spend $3.2 million on an exterior and interior renovation that is scheduled to be completed by the end of this year, according to J.R. Pearce, a principal with the Newport Beach-based company. Pearce says that Realm Group targeted the property due to its corner location, which is blocks from the Long Beach Marina District. Realm has named Robert Alperin and Graham MacDonald of Cushman & Wakefield as leasing brokers for the building, with property management to be handled by RiverRock Real Estate Group.

[IMGCAP(2)]In Century City, the new Fox building is LEED certified and was built for the studio by Irvine, CA-based Snyder Langston on the Fox lot. Fox Studios needed the building completed in 12 months or less to accommodate one of its tenants, Digital Media, which needed to move by a certain date. The building, which Fox will also use for dressing rooms and post production space, was constructed on a small site next to sound stages where Fox was shooting shows.

Chris Sanford, senior project engineer, notes that Snyder Langston had to build a 20-foot sound wall adjacent to a day care center next to the building site and coordinate with the sound stages to avoid interfering with the studio's production schedule. Snyder Langston is still finishing up some loose ends at the site, but Fox received a temporary certificate of occupancy so Digital Media could move into the office space right away.

The new Fox building was designed by John Wiedner, a senior associate with Gensler Architects. The Snyder Langston team consisted of project manager George Loynd and superintendent Bob Peasley.

In the Downtown L.A. office lease, the law firm of Brown & White signed a $7.4 million, 12-year lease for 14,822 sf on the 40th floor of a building at 333 S. Hope St., according to Transwestern's Tenant Advisory Services Group. The new lease represents an expansion for the white collar litigation firm, which moved from 5,000 sf on the 36th floor.

Jonathan Larsen, executive managing director of Transwestern's Tenant Advisory Services Group, says that the deal represents an increase in the net absorption for 333 S. Hope St. Larsen represented Brown & White, with building owner 333 S. Hope Street LLC represented by John Barganski of Brookfield Properties.