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The Los Angeles (LA) office market is heating up. As of July 2016, LA is second to New York City in commercial transactions, and that pertains to both quantity and size.

In June of this year LA  has already seen 11 more office space transactions than June of 2015 (31 to 42). Deal totals have already eclipsed $5 billion ($5.3 billion), which is more than double from a year ago($2.4 billion).

East Coast Giant Douglas Emmett Inc. recently joined with Qatar's Sovereign Wealth Fund to purchase a 4-building portfolio worth $1.7 trillion. Additionally, another East Coast firm, Boston Properties, recently purchased a 6-building portfolio worth $500 million in one of LA's downtown districts.

Given these staggering transactions, it will be interesting to see how quickly commercial real estate development expands in downtown LA.

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Cerco Funding LLC is a New York-based real estate private equity firm. Cerco acts as a direct portfolio lender originating commercial bridge loans nationwide. Cerco has extended capital for acquisitions, refinancings, repositionings, and a host of special situations.

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CERCO FUNDING LLC
Address 230 Central Park South, PH17
NY 10019
New York, USA
Phone +1 (646) 435-7080
Email [email protected]