This Week's LA Deal Sheet




Excerpted from the June 6, 2017 BISNOW.COM, This Week's LA Deal Sheet


REDEVELOPMENT

LIMO Co. signed a venture with Smoky Hollow Industries to improve and redevelop six mid-century industrial buildings in the Smokey Hollow District into creative office space.

The industrial properties are near the corner of Sepulveda and El Segundo boulevards across from the Chevron El Segundo Refinery.

The mostly brick-and-mortar buildings were developed by the LIMO Co. on six acres from the 1950s to the 1970s.

The deal may add up to 150K SF of creative office space.

Segal Commercial President Lee Segal repped LIMO, and RE/MAX Estate Properties Matt Crabbs repped Smoky Hollow Industries.

“Lee Segal is very professional, honest and trustworthy. His experience as an owner of commercial real estate gives him a real depth of understanding that is valuable to his clients. In this industry, there can be a lot of hype, but Lee is the type of person who gives advice, not according to what he thinks is best, but based on what he believes will be best for his clients and their interests. I look forward to working with him again in the future.”  
Dr. Neil Fond