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This Week's LA Deal Sheet (May 5, 2021)


Chicago-based Clayco has announced that the firm is expanding its operations and establishing a West Coast regional office in Culver City. As part of that expansion, the firm has hired Rob Jernigan and Emery Molnar to join Clayco as senior vice presidents. 
Courtesy of Clayco
A Clayco project in San Diego called Project Arcilla.
The real estate, architecture, engineering, design-build and construction firm has completed several billion dollars of work on projects along the West Coast, and still has a backlog of over $2B across Washington, Oregon, California, Nevada and Arizona, according to a release announcing the expansion.
Jernigan comes to Clayco from architectural firm Gensler, where he was a managing principal. He will be Clayco’s senior vice president of integrated services and will be responsible for accelerating growth on this coast. Molnar, whose new title will be senior vice president for the Clayco Pacific Region, previously served at the ....

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Even in COVID Slowdown, Simi Valley Office Building Fetches $30 Million | San Fernando Valley Business Journal


450 America St. in Simi Valley.
Despite a waning appetite for office space during the pandemic, an office building in Simi Valley has sold for $30 million, according to Newmark, a real estate brokerage involved in the deal.
The 206,917-square-foot structure, which is 100 percent leased to Bank of America, is located at 450 America St.
The two-story edifice, situated on some 12.5 acres of business campus, features abundant parking, four lobbies and on-site café. The building also incurred some post COVID-19 improvements such as expansive ceilings and operable doors to improve airflow. Geographical amenities include access to the 118 freeway and neighboring retail centers such as Simi Valley Town Center and Mountain Gate Plaza. ....

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