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.

“When I was in litigation and in need of an expert on commercial property management, my co-counsel immediately recommended Lee Segal. He was extremely knowledgeable, responsive and proactive when it came to identifying and gaining valuable perspective on key issues. His credibility as an expert was instrumental in my case; I would not hesitate to work with him again in the future.”    
Lisa Pan, Biernat Law Group