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NEWS
By Bill Kisliuk, bill.kisliuk@latimes.com | August 4, 2010
That empty feeling is growing in Glendale office buildings, as the vacancy rate in commercial office space rose in the last three months. Nearly 83,000 square feet of office space was vacated in Glendale in the second quarter of the year, according to Grubb & Ellis Research Services. That brings the city's vacancy rate to 21.8%, with nearly 1.4 million square feet of space empty in a city with 6.3 million square feet of premium and moderate office space. The rate was 17.2% a year ago and 20.5% at the end of the first quarter of 2010.
NEWS
By: Fred Ortega | October 1, 2005
With businesses moving out and leaving a near-record glut of vacant office space in the city, commercial brokers and Glendale officials are trying to find ways to attract new tenants to the city. About 880,000 square feet of Glendale's 6.1 million square feet of office space was empty as of the end of June, said Bill Boyd, executive vice president of Grubb & Ellis Co., a commercial real estate advisory firm. "It has been announced that other companies are vacating their space at the end of this year, including The Disney Stores Inc. on North Brand Boulevard and Warner Bros."
NEWS
April 5, 2001
Claudia Peschiutta GLENDALE -- The city continues to be the belle of the business ball. Glendale's premium office space became an ever rarer commodity in 2000 and is expected to attract even more takers this year. The total vacancy rate fell from 16.5% in the fourth quarter of 1999 to 14% during the same period in 2000, according to a report released by Colliers Seeley. "It's a very desirable market," said Shaun Stiles, the real estate brokerage's senior vice president.
BUSINESS
By Zain Shauk | April 22, 2009
DOWNTOWN — Glendale and Burbank were the only two Los Angeles County cities to make gains in office rentals in the first quarter of 2009, a stark contrast to the dramatic increase in emptying office buildings across the region. During the first three months of the year, an additional 2.5 million square feet of office space went on the market countywide. That figure grew from 1 million square feet of vacancies from the last quarter of 2008, and just 626,895 square feet last April, according to a new report from real estate firm Grubb & Ellis.
NEWS
March 18, 2004
CITY HALL TO STAY OPEN FRIDAYS WHAT HAPPENED The council approved an agreement between the city and the city's employees unions to remain open every Friday. WHAT IT MEANS The city will no longer close on alternate Fridays, which means the public will no longer have to guess if City Hall is open on a Friday. But City Hall will only be half-staffed on Fridays, so appointments are advisable in most cases. The new schedule goes into effect this week.
BUSINESS
By Fred Ortega | April 15, 2006
DOWNTOWN ? While dwindling office space is being snatched up all over the Southland, Glendale's office towers are still struggling to find tenants, according to statistics released last week. Office vacancy rates in Los Angeles County dropped to 11.5% in the first quarter of 2006, compared to 14.1% in the first quarter of 2005, based on figures from real estate brokerage firm Cushman & Wakefield. But in Glendale the opposite happened, with vacancies going up to 15.5% this year from 14.3% during the same time last year.
NEWS
July 16, 2012
The L.A. Mart, a 12-story complex in downtown Los Angeles, has been purchased for about $55 million by Glendale investors. The 784,000-square-foot property at 1933 S. Broadway is a combination design center, office and showroom, real estate brokerage Madison Partners said. It serves the interior design, gift and home furnishing industries. Los Angeles County also leases more than 140,000 square feet of office space at the L.A. Mart. Continue reading > > -- Roger Vincent, Los Angeles Times
NEWS
May 20, 2005
Ryan Carter An Orange County company bought an office building at 600 N. Brand Blvd. for $21 million, seller Reading International Inc. announced Thursday. Escrow closed on the sale Tuesday, allowing TWS Realty to buy the building from Los Angeles-based Reading International, Inc., Reading Chief Financial Officer Andrzej Matyczynski said. "It was the last remaining non-entertainment property on our books, and an offer came along," Matyczynski said.
BUSINESS
By Fred Ortega | March 10, 2006
DOWNTOWN ? ING Clarion of New York bought the 22-story office tower at 500 N. Brand Blvd. in downtown Glendale Tuesday, for $140 million from the General Electric Pension Trust. ING Clarion is a major real estate investment advisory firm that was founded in 1982. The office building has 419,000-square-feet of office space and is currently 80% occupied, said Mike McCann, a senior vice president for ING Clarion in Irvine. "The physical quality of the asset in conjunction with its location as one of the top office buildings in Glendale, at Milford [Street]
NEWS
November 9, 2012
I'm very worried at the prospect of the Glendale News-Press being moved from downtown Glendale to Los Angeles. I don't understand how the News-Press staff can be expected to cover the city of Glendale as efficiently or thoroughly as they do now if they also have to shuttle between downtown L.A. and Glendale. It is a short-sighted decision that will inevitably affect the quality of coverage. We need a close eye on our local government and the News-Press has been in the best location to provide that essential service.
ARTICLES BY DATE
NEWS
By Arin Mikailian, arin.mikailian@latimes.com | March 4, 2014
A proposed mixed-use project along Colorado Street that was voted down by the City Council last June because it was too big has been scaled down and the public can comment on its draft environmental impact report through Monday. Glendale-based CMGT Construction Co. initially wanted to build a four-story building with 90 residential units, 28,828 square feet of retail space, a daycare and a restaurant on a .99-acre lot it owns at 507-525 W. Colorado St. Nearly a year after the development was denied, the commercial component is supplanted with 18,000 square feet of medical-office space and the daycare has been nixed, while the 1,700-square-foot restaurant is scaled back to a 1,000-square-foot counter-service eatery with limited seating, according to the draft environmental impact report.
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NEWS
October 11, 2013
The Glendale Police Department's Montrose Substation will reopen Tuesday after being closed for renovations for nearly a month. An anonymous $10,000 donation from a local resident was expected to fund the renovations, which included new carpet, paint, office furniture and a prominent sign outside the substation in the 3800 block of Ocean View Boulevard. The substation opened in 1996 to enhance neighborhood safety in north Glendale. Police officers often use the station to write up reports.
NEWS
By Daniel Siegal, daniel.siegal@latimes.com | October 10, 2013
Glendale may be getting its first major live/work complex, as the city granted preliminary approval to a four-building development on Central Avenue that would contain more than 530 units this week. The City Council granted initial conceptual approval to the project, called Citi Live/Work Community, on Tuesday in a 3-1-1 vote. Councilman Ara Najarian voted against the project and Councilman Zareh Sinanyan recused himself because his office is located near the proposed development. With roughly 535 planned live/work units, the project would be by far the largest residential development to come to Glendale during the recent development boom started by the city's adoption of its Downtown Specific Plan in 2006.
NEWS
By Daniel Siegal, daniel.siegal@latimes.com | September 30, 2013
Glendale hit its economic development goals for the past fiscal year, with big businesses filling up office space and the city developing a nascent night-life sector, according to a recent city report.  Philip Lanzafame, Glendale's officer for economic development, told the City Council that Glendale officials had three main priorities for the 2012-13 fiscal year: to attract more Class A Office occupants, focus on making Glendale an “18-hour city”...
NEWS
March 27, 2013
AIR Commercial Real Estate Assn., one of the country's largest commercial real estate broker organizations, is moving its headquarters to Glendale, leasing a 6,400 square feet of office space in the high-rise building at 500 N. Brand Blvd. AIR, a nonprofit formed in 1960, was previously in downtown Los Angeles, but moved to Glendale for cost-saving reasons as well as the fact that many of its 22 employees live in and around the Glendale-Pasadena area. “Our intention was to stay in downtown L.A,” said  executive director Tim Hayes in a statement.
NEWS
By Mark Kellam, mark.kellam@latimes.com | December 6, 2012
Roughly 280 Bank of America employees in Glendale will either be transferred or laid off in the wake of the company's decision to close its corporate offices on North Brand Boulevard by the end of the year. The 281 employees who work at 611 N. Brand Blvd. received the notices last month, according to the California Employment Development Department. The departure of the bank, which occupies four floors in the high-rise building, will only add to an abundance of Class A office space available in Glendale.
NEWS
November 9, 2012
I'm very worried at the prospect of the Glendale News-Press being moved from downtown Glendale to Los Angeles. I don't understand how the News-Press staff can be expected to cover the city of Glendale as efficiently or thoroughly as they do now if they also have to shuttle between downtown L.A. and Glendale. It is a short-sighted decision that will inevitably affect the quality of coverage. We need a close eye on our local government and the News-Press has been in the best location to provide that essential service.
NEWS
September 19, 2012
The industry publication Variety is reporting that Marvel Studios is leaving Manhattan Beach for office space near the Walt Disney Creative Campus in Glendale -- bringing Spider-Man and Thor closer to their Mickey Mouse counterparts. Marvel Animation Studios, which is already located in Glendale, has reportedly been beefing up as the two studios begin work on new television projects. As many as 150 staffers will be affected by the company's move to Glendale, which is near some of its other division offices, according to Variety.
NEWS
By Mark Kellam, mark.kellam@latimes.com | July 26, 2012
The former site of the controversial Montrose Collection, which has sat vacant since 2010, will become home to a new restaurant - Chandelier - after the owner addressed concerns about inadequate parking and gave assurances that the business will not operate as a banquet hall. It will be open until 1 a.m. on Fridays and Saturdays and 11 p.m. the rest of the week. Alfred Teichert has owned the property in the 2800 block of Honolulu Avenue for several years, including the period of time during which Montrose Collection ran into trouble for operating as a banquet hall and wreaked havoc in the surrounding neighborhood because of a lack of parking.
NEWS
July 16, 2012
The L.A. Mart, a 12-story complex in downtown Los Angeles, has been purchased for about $55 million by Glendale investors. The 784,000-square-foot property at 1933 S. Broadway is a combination design center, office and showroom, real estate brokerage Madison Partners said. It serves the interior design, gift and home furnishing industries. Los Angeles County also leases more than 140,000 square feet of office space at the L.A. Mart. Continue reading > > -- Roger Vincent, Los Angeles Times
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