Developers who began their careers as retailers say the experience helped make them far better custodians of their real estate. The concept of cross-training — practicing multiple sports with a view toward ramping up one’s overall level of fitness — is commonplace today in athletics. Can a similar approach among shopping center developers yield similar [...]
HOLLYWOOD, CA-Mixed-use real estate developer and investor Champion Real Estate Co. has purchased a 1.14-acre commercial parking lot at 1717 Cherokee and 1718 Las Palmas here. The company plans to continue operating the commercial parking lot while developing plans for turning it into a mixed-use project. While the exact purchase price was not revealed, industry [...]
The parking lot behind Hollywood landmark restaurant Musso & Frank Grill was purchased by a Los Angeles developer who intends to build a mixed-use complex on the site. Champion Real Estate Co. bought the paved 1.1-acre site behind the Hollywood Boulevard restaurant and between Cherokee and Las Palmas avenues from Common Fund. The price was [...]
The parking lot behind Hollywood landmark restaurant Musso & Frank Grill was purchased by a Los Angeles developer who intends to build a mixed-use complex on the site. Champion Real Estate Co. bought the paved 1.1-acre site behind the Hollywood Boulevard restaurant and between Cherokee and Las Palmas avenues from Common Fund. The price was [...]
A $20 million all-cash acquisition of a heavily vacant, partially redeveloped five-building, mixed-use complex in Hollywood, Calif. out of receivership shows just how much the commercial real estate market has progressed. For the past two years, most of the assets that have traded hands have been core assets with high occupancies and longterm leases. This [...]
HOLLYWOOD-An affiliate of West Los Angeles-based Champion Real Estate Co. has acquired a fivebuilding, mixed-use complex on a 2.76-acre site that is planned as part of a transit-oriented development featuring retail, restaurants and luxury apartments. The property sold for $20 million in an all-cash transaction, according to receiver Taylor B. Grant, who heads Newport Beach, [...]
Champion Real Estate pays $20 million for several parcels of land, saying it will build a $100-million apartment and retail development there. A Los Angeles developer is planning to build a $100-million apartment and retail development near the Hollywood & Highland entertainment complex. Champion Real Estate Co. paid $20 million for a 2.76-acre collection [...]
Bob Champion will always have at least one friend, a chubby pal who greets visitors at Champion Real Estate Cos.’ offices in West LA. But we don’t think he’ll have trouble finding more, what with a new $500M program to acquire distressed assets. View article
While the number of retail properties trading is low, what is trading is going for top dollar. Retailers, meanwhile, are infilling better locations in the Golden State. While activity is down overall in California retail real estate, the climate itself is vibrant and poised for a comeback. Although the volume of leases getting down is [...]
Bob Champion doesn’t use the word recovery. Instead, the president of Los Angeles-based Champion Real Estate Co. sees today’s conditions as drifting back down toward earth. “The industry is not ‘recovering,’” he told CPE. “Instead, it is coming to grips with the re- ality that growth will be very slow, only occurring in specific niches, [...]