Tribune Media/Kearny Real Estate Sells California Property for $65 Million

“Tribune Real Estate Holdings, a subsidiary of Tribune Media Company (NYSE: TRCO), and Kearny Real Estate today announced the sale of a 24-acre property in Costa Mesa, California, for approximately $65 million, to a joint venture that includes SteelWave, LLC.” read more

– Tribune Media

Kearny Real Estate’s Jeff Givens Is Bullish On San Diego’s Office Market

“Los Angeles-based investor Kearny Real Estate Co. entered the downtown San Diego office market in 2014 and has been growing its presence ever since. The firm is invested in San Diego long term, according to Jeff Givens, Kearny senior vice president in the San Diego office, and expanding its San Diego office to support its growing portfolio of local properties.” read more


Former LA Times Plant May Become Creative Office Space

“A printing plant that used to churn out daily newspapers could soon be home to a much hotter commodity: creative office space. Kearny Real Estate Co. plans to spend more than $100 million to turn a former Los Angeles Times plant in Costa Mesa into 300,000 square feet of the kind of trendy, open office space many companies desire but that’s in short supply in Orange County.” read more

– Los Angeles Times

Exclusive Q&A: Kearny Real Estate Company’s Hoonie Kang Talks About The Firm’s Latest Projects

“Kearny Real Estate Co partner Hoonie Kang, who has been with the company for 15 years, sees less risk-taking as the end of the cycle nears, but the firm’s overall strategy to find value-add opportunities won’t change. He is among the all-star panelists scheduled to speak at Bisnow’s Los Angeles Capital Markets Forum starting at 7:30am…” read more

– Los Angeles Times

Former LA Times Plant Gets $100M Transformation into Creative Workspace

“The former site of the Los Angeles Times building in Costa Mesa is expected to be transformed into a creative office space dubbed The Press, with a focus on luring large companies to the area. Kearny Real Estate Co., with offices in San Diego and Los Angeles, is investing over $100 million to transform the 300,000-square-foot facility into office and recreational space…” read more

– Los Angeles Times

Emerald Plaza Tower Sold for $92 Million to Los Angeles Company

“The distinctive Emerald Plaza office tower in downtown San Diego was purchased for $91.7 million by Los Angeles-based Kearny Real Estate, the company announced Wednesday. The transaction involves the 364,000 square feet of office space in the building that fills a city block at 402 W. Broadway, but not the 436-room Westin Hotel. Kearny Real Estate…” read more

– Los Angeles Times

Sprawling Former Toyota Headquarters Up for Sale

“Looking for an office complex with its own helipads, swimming pool, data center and emergency power? One just hit the market in Torrance: the longtime North American headquarters of Japanese car manufacturer Toyota, which is consolidating its U.S. operations in Texas. Toyota announced its plans to leave Torrance for Plano, a suburb of Dallas, in 2014…” read more

– Los Angeles Times

Storied Downtown SD Highrise Sold

“Downtown’s Union Bank Building, a pioneer of the burgeoning B Street skyscraper corridor of the 1960s, has changed hands. And the Los Angeles-based buyer, Kearny Real Estate, is finalizing $15 million in freshening-up plans aimed at attracting Gen Y startup entrepreneurs. Opened in 1966 at 530 B St., the 24-story building was sold by Union Bank of California…” read more

– Los Angeles Times