Larry Green, Unibail-Rodamco-Westfield’s EVP for US Development, and a drawing of the planned stadium (Credit: Unibail-Rodamco-Westfield) The developer of the $1.5-billion megaproject planned for Warner Center is facing another hurdle. The founder of the community group Coalition for Valley Neighborhoods is appealing the project, concerned the city never required affordable housing units for the development’s […]
Westfield Promenade stadium clears major hurdle in approvals
Larry Green, Unibail-Rodamco-Westfield’s EVP for US Development, and a drawing of the planned stadium (Credit: Unibail-Rodamco-Westfield) Los Angeles City Planning officials blessed a stadium planned at the Westfield Promenade site in Warner Center, but only after cutting the number of seats in half. The zoning administrator approved a 7,500-seat stadium as part of developer Unibail-Rodamco-Westfield’s […]
Big ticket item: Campus @ Warner Center hits market for $215M
LPC’s David Binswanger, Angelo Gordon’s CEO Michael Gordon and the property (Credit: Yardi Matrix) As multifamily developers and commercial firms flock to Warner Center, one joint venture is looking to cash out. Lincoln Property Company and Angelo Gordon have put their sprawling office campus, dubbed Campus @ Warner Center, on the market for $215 million, […]
Still on the market, Warner Center tower will get $50M creative office conversion
LPC West’s David Binswanger and Rob Kane The planned reposition of a 14-story Warner Center office tower will look to take advantage of the growing creative office trend, likely making the on-the-market building more attractive to potential buyers. Lincoln Property Company, working with the building owner Abraham Lerner, will embark on a $50 million reposition, […]
Proposal for entertainment arena at Warner Center advances amid larger development
Larry Green and Warner Center The French commercial real estate firm that bought mall operator Westfield is advancing with its plan for a 15,000-seat arena at Warner Center, part of its $1.5 billion mixed-use redevelopment project. Unibail-Rodamco-Westfield has reached the environmental review stage of the proposed arena, part of the massive redevelopment, the Los Angeles […]
Hanover Co. secures construction loan for resi project in booming Warner Center
Bank of America CEO Bryan Moynihan and Murry Bowden, Founder & Chairman of Hanover Co., with 6636 Variel Avenue (Credit: Google Maps) A little less than a year after filing plans with the city, Hanover Company has secured the funds to build its sprawling residential project in the Warner Center. The real estate investment firm […]