Sunday, January 12, 2014

Avison Young completes 23,000 square feet of Los Angeles-area office leases with expanding tech firms, signifying growing trend for the region

Scott Steuber

Los Angeles, CA – Avison Young, the world’s fastest-growing commercial real estate services firm, announced it has completed four office leases totaling 23,000 square feet (sf) of space with growing tech companies throughout the Los Angeles area.

Avison Young Principal Scott Steuber and Jeff Vertun, an Associate in the company’s Downtown Los Angeles office, represented the tenants – DogVacay, The DuMont Project, Bitium and Privlo – in all four transactions.

“These recent leases are testimony to a growing tech community throughout the region,” comments Steuber. “With tech companies in growth phases – many of them in various stages of venture-capital funding – these firms are solidifying their desire to remain in the area and are choosing to put roots in the ground.” 

Steuber observed that, in addition to the recent activity, Avison Young has completed a flurry of similar leasing transactions for headquarters space over the past six months.

Jeff Vertun
 The firm has represented some of the hottest companies in the tech community, which spans a wide geographic area from Pasadena to West Los Angeles including a 12,000-sf lease for Metacloud’s new headquarters in Pasadena.

“The quality of life, Los Angeles culture and amenities, as well as an abundant talent pool from local universities such as CalTech, UCLA and USC are some of the factors that attract this tenant sector,” says Steuber.

 For a complete copy of the company’s news release, please contact:

Darcie Giacchetto
D.G. Communications, Inc.


No comments: