Matt Crabbs

JUST SOLD - Modern Office Loft in El Segundo, CA KELLER WILLIAMS COMMERCIAL and THE RUANE GROUP announces the successful sale of a 2,160 +/- SF mixed use office condo located at 233 California Street in El Segundo, California. Acting in dual agency, representing both parties in the sale, Listing Agent +Matt Crabbs was able to secure a confidential... investor for a sale price of $970,000. The transaction closed on December 6, 2012. In 2010 Matt Crabbs designed and developed California12, twelve modern commercial live/work offices in the heart of El Segundos business/industrial area. THE RUANE GROUP is the #1 producing real estate team in El Segundo, California. Follow them on Facebook here. The data service provider will move to the warehouse at 601 Nash St. from a nearby 20-story tower. The 10-year deal is worth an estimated $16 million. High office vacancy will remain common for the foreseeable future as businesses put more workers into less space, according to USCs annual Casden office and industrial property forecast. Above, the Wilshire Colonnade office complex in Los Angeles. (Arkasha Stevenson, Los Angeles Times / December 10, 2012) Offices in a converted El Segundo manufacturing building formerly occupied by aerospace giant Northrop Grumman Corp. will be rented by data service provider Teradata Corp. Teradata has agreed to rent a 1950s-era warehouse at 601 Nash St. that Northrop converted to executive offices more than a decade ago. The Ohio company will move there next year from a nearby 20-story tower built in the 1980s. Teradata's relocation from a traditional high-rise building to a free-standing one-story office building is part of a countywide trend of corporate users moving toward more casual, collaborative atmospheres, real estate broker Scott Steuber of Cushman & Wakefield said. "They're trying to create a more creative work environment for employees," Steuber said. The new facility will include a gym with locker rooms and an outdoor gathering space after Teradata finishes preparing the space. ...Read More