Midwest Commercial Real Estate 
 Investment Expertise

Cornerstone at Cottonwood Corporate Center

Cornerstone at Cottonwood Corporate Center Cottonwood Heights, UT 84121

900 Gayley

900 Gayley Los Angeles, CA 90024

Campus56

Campus56 Los Angeles, CA 90045

Bank of America Plaza

Bank of America Plaza Los Angeles, CA 90071

25 Taylor

25 Taylor San Francisco, CA 94102

701 Bridger

701 Bridger Las Vegas, NV 89101

EY Plaza

EY Plaza Los Angeles, CA 90017

Topaz Tower

Topaz Tower San Pedro, CA 90731

Cerritos Corporate Center

Cerritos Corporate Center Cerritos, CA 90703

Spotlight

 Featured Listings: Jon S. England, CCIM SEC

Financial Analyst

Associate Vice President

Executive Managing Director

Vice Chair

Senior Vice President

Sean Fulp

Mark Schuessler

Todd Tydlaska

Blake Hammerstein

Jordan Garcia

Eric Longo

Achievements & Organizations

Proven Performance

Jon S. England CCIM, SEC’s numbers

Unlocking Housing Near Transit: Impacts of California Senate Bill 79

California Senate Bill 79, the Abundant and Affordable Homes Near Transit Act, introduces a statewide zoning framework that enables mid-rise residential development near major transit stops. The legislation establishes clear, tiered standards for height, density, and floor area ratios, while overriding restrictive local limits within designated transit areas. SB 79 is designed to align housing growth with existing infrastructure, reduce car dependence, and expand supply in high-opportunity neighborhoods. By standardizing entitlements across qualifying corridors, the law provides developers and investors with greater clarity, predictability, and the potential for value creation around transit-oriented locations. This insight report examines the statewide framework created under SB 79 and its implications for entitlement, feasibility, and investment. Featuring Los Angeles as a case study, the report illustrates how local implementation could reshape land use patterns along key Metro corridors, including the B, D, A, E, and K lines. As the policy takes effect in mid-2026, SB 79 is expected to drive renewed interest in infill development, strengthen collaboration between cities and transit agencies, and advance the next generation of sustainable, transit-connected communities across California.

Flight to the Future - Reimagining the Santa Monica Airport

The upcoming closure of the Santa Monica Airport marks a once-in-a-generation opportunity to reshape the city&rsquo;s west side and deliver lasting benefits for the broader community. With over 220 acres set to be re-purposed as public parkland, the transformation has the potential to redefine the Ocean Park neighborhood&mdash;introducing expansive green space, new recreational amenities, and pedestrian-friendly connections where runways once stood. For nearby residents and the surrounding office and creative business districts, the new parkland promises not only a major environmental upgrade but also a powerful amenity that enhances quality of life, supports healthier lifestyles, and helps attract and retain talent in Santa Monica&rsquo;s evolving economic landscape.

Signs of Stabilization: Los Angeles Office Market Mid-2025

The Greater Los Angeles office market posted mixed results in Q2 2025, with leasing activity holding steady at 7.0 million square feet year-to-date&mdash;mirroring the first half of 2024&mdash;but overall vacancy rising slightly to 24.4% Finance, legal, and healthcare tenants drove demand, while technology, media, and entertainment remained cautious in committing to long-term space strategies. Sublease availability fell to 4.2%, its lowest level in three years, signaling that much of the excess pandemic-era space has been absorbed Average asking rents increased 1.8% year-over-year to $3.92 per square foot per month, with Class A space commanding $4.22. Roughly 2.3 million square feet remain under construction, concentrated in West Los Angeles and Hollywood, with most completions expected by year-end 2026. Performance varied widely by submarket. Century City continued to lead West Los Angeles leasing, accounting for 27% of activity and achieving 5.2% annual rent growth. Downtown Los Angeles struggled with a 29.7% availability rate, while Hollywood/Mid-Wilshire reached a record 30.2% due to media consolidation. The Tri-Cities market posted modest rent gains but faced the region&rsquo;s highest sublease rate at 5.2%. In contrast, San Gabriel Valley saw availability drop to 11% on strong healthcare and government demand, and the San Fernando Valley recorded leasing growth led by finance and healthcare tenants. Overall, the market shows early signs of stabilization, but recovery remains uneven. Location, building quality, and tenant mix will continue to define performance across Los Angeles office markets through the next 18 months.

Colliers brokers $210 million sale of the 601 S. Figueroa Office Tower

Los Angeles, Calif., June 4, 2025 &ndash; Colliers is pleased to announce the off-market sale of downtown Los Angeles&rsquo; iconic 601 S. Figueroa Street office tower (Figueroa at Wilshire). The Buyer, Uncommon Developers, has acquired the trophy asset for $210 million ($201 per square foot), marking the largest commercial sale in Los Angeles County since January 2024. Following the acquisition, Uncommon Developers has awarded Colliers the exclusive leasing and property management assignments for the 52-story, 1,042,332-square-foot tower.

&ldquo;Our partnership with the Colliers team allowed us to source, structure, and execute this transaction. Their expertise and guidance were instrumental in effectuating this monumental acquisition, and we are thrilled with the outcome,&rdquo; said Ryan Hekmat, Managing Partner of Uncommon Developers.

Vice Chair Sean Fulp, Executive Vice President Mark Schuessler, and Associate Vice President Jordan Garcia of Colliers&rsquo; office capital markets practice led the acquisition as exclusive advisors to the Buyer. Vice Chair Matthew Heyn and Executive Vice President Ian M. Gilbert of the firm&rsquo;s Integrated Advisory Services Team will lead leasing efforts. Real Estate Management Services&rsquo; Kevin Rude, Regional Managing Director, West Coast, and Tina Minook, Regional Managing Director, California, will lead full-service property management.

&ldquo;This transaction demonstrates the strength of our relationships, our insight into repositioning marquee assets, and our team&rsquo;s commitment to leading the next chapter of office investment across Los Angeles and the West Coast,&rdquo; said Sean Fulp.

&ldquo;This is a landmark sale for Downtown L.A. that highlights our team&rsquo;s ability to creatively structure deals and source the most aggressive capital on the largest office assets across the Western Region,&rdquo; said Mark Schuessler.

&ldquo;This complex transaction involved multiple stakeholders and required our deep market knowledge, relationships, and a structure with a deed-in-lieu and seller financing to align all parties,&rdquo; said Jordan Garcia.

Built in 1990 at the high-profile intersection of Figueroa and Wilshire Blvd., the 52-story tower stands as a prominent landmark in the heart of Downtown Los Angeles. Its locale offers walkability to ample dining and retail destinations, immediate access to the 110 Freeway, and access to the most robust public transportation hub in Los Angeles County. Select property features include dual open-air lobbies, a tenant lounge, a state-of-the-art fitness center, 50 electric vehicle stalls, executive valet parking, and more.

"The sale and awarding of leasing and management for such a high-profile office tower is yet another testament to the collaboration and integration of our advisory services of capital markets, leasing, and property management,&rdquo; said Ricardo Pacheco, Managing Director, Los Angeles &amp; Santa Barbara.

Newmark&rsquo;s Kevin Shannon, Ken White, Rob Hannan, Laura Stumm, and Michael Moll represented the seller.

Midwest Commercial Real EstateInvestment Expertise

Featured Listings: Jon S. England, CCIM SECView All

Cornerstone at Cottonwood Corporate Center

900 Gayley

Campus56

Bank of America Plaza

25 Taylor

701 Bridger

EY Plaza

Topaz Tower

Cerritos Corporate Center

Meet Jon S. England
CCIM, SEC

Achievements & Organizations

Proven Performance

Featured InsightsView All

Unlocking Housing Near Transit: Impacts of California Senate Bill 79

Flight to the Future - Reimagining the Santa Monica Airport

Signs of Stabilization: Los Angeles Office Market Mid-2025

Colliers brokers $210 million sale of the 601 S. Figueroa Office Tower

Midwest Commercial Real EstateInvestment Expertise

Featured Listings: Jon S. England, CCIM SECView All

Cornerstone at Cottonwood Corporate Center

900 Gayley

Campus56

Bank of America Plaza

25 Taylor

701 Bridger

EY Plaza

Topaz Tower

Cerritos Corporate Center

Meet Jon S. EnglandCCIM, SEC

Achievements & Organizations

Proven Performance

Featured InsightsView All

Unlocking Housing Near Transit: Impacts of California Senate Bill 79

Flight to the Future - Reimagining the Santa Monica Airport

Signs of Stabilization: Los Angeles Office Market Mid-2025

Colliers brokers $210 million sale of the 601 S. Figueroa Office Tower

Meet Jon S. England
CCIM, SEC