Monthly Archives: December 2024

PMI Properties Welcomes Roaming Hunger to a Premier Creative Space at 10951 Pico Building

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We are thrilled to announce a new chapter for the 10951 Pico Building as it becomes home to Roaming Hunger LLC. The company has signed a three-year lease for the top floor, a 10,000-square-foot space featuring high ceilings and a sprawling patio. This partnership highlights PMI’s commitment to providing premier workspaces tailored to dynamic, forward-thinking companies.

Roaming Hunger is revolutionizing the mobile food industry. By connecting clients with an extensive network of food trucks and pop-up vendors across the country, they make it effortless to bring unforgettable culinary experiences to any event. From corporate celebrations to private gatherings, Roaming Hunger has turned mobile dining into a creative art form that fosters connection and joy.

Situated in the vibrant heart of West LA’s thriving industry center and strategically positioned next to the cutting-edge UCLA Research Park, The 10951 Pico Building seamlessly blends prime location, modern design, and premium amenities. This exceptional space provides the ideal setting for Roaming Hunger to bring its bold vision to life, fostering innovation and growth in a dynamic environment. The expansive patio and open, airy interiors are an ideal match for a team that thrives on collaboration and innovation.

This successful lease agreement was made possible by the efforts of David Toomey and Grant La Spada of Cushman and Wakefield, who represented Roaming Hunger, and Dylan Mahood and James Wilson of LeeWLA, who represented PMI Properties. Their expertise and dedication brought this exciting partnership to life.

We can’t wait to see Roaming Hunger flourish in their new creative home and continue transforming the way people experience food and events. Stay tuned for updates from PMI Properties as we celebrate the innovative tenants and dynamic communities within our portfolio!

PMI Properties Welcomes Ascend, an AI-Driven Insurance Innovator, to the Social Workplace in SOMA, San Francisco

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PMI Properties is thrilled to announce that Ascend, an AI-powered platform revolutionizing the insurance industry, is the newest member of our Social Workplace community in SOMA, San Francisco. Ascend, which provides an all-in-one solution for insurance invoicing, payments, and accounting, has signed a 3.5-year lease for 13,700 square feet on the top floor, signaling a bold step forward for their rapidly growing team.

Insurance, Meet AI Automation
Ascend is transforming the insurance landscape by leveraging AI to unify invoicing, payments, and accounting tasks. Designed to boost revenue, improve margins, and enhance customer experience, their cutting-edge solutions are a natural fit for SOMA’s dynamic, innovation-driven environment.

SOMA’s Recovery and the Social Workplace Advantage
This lease represents more than just growth for Ascend—it’s a testament to SOMA’s resurgence as a hub of creativity and progress. PMI’s Social Workplace is at the heart of this recovery, offering a unique blend of functionality and hospitality-inspired design that caters to today’s top innovators.

The Social Workplace: A New Standard for Work
PMI’s Social Workplace reimagines the office as a vibrant community and club-like environment:

  • Lounge spaces make up at least 50% of the layout, perfect for informal meetings and creative brainstorming.
  • Purpose-built zones include a library for quiet work, team tables for collaboration, and a café setting powered by an in-house Starbucks Atmosphere..
  • Premium amenities include a coffee house, gym, showers, and outdoor living rooms to maximize productivity and comfort.

Ready in 30 Days
For fast-moving AI startups like Ascend, time is of the essence. That’s why PMI’s move-in-ready spaces are available within just 30 days, providing a seamless transition into a workspace designed for speed, creativity, and growth.

Innovation Meets Legacy
From introducing Creative Office spaces in the ’90s to launching Start-Up Village in the 2000s, PMI Properties has a proven track record of shaping the workplace of the future. Our latest offerings, Club642 and Club625, continue this legacy by providing cutting-edge spaces that foster both innovation and connection.

Special Thanks
We’re grateful to Kat Kozlowski and John Diepenbrock of Raise, representing Ascend, and Brian and Mike McCarthy and Maddie Meyersieck of Transwestern, representing PMI Properties, for their collaborative efforts in bringing this partnership to life.

With Ascend’s AI-powered vision and our Social Workplace’s community-driven design, this partnership sets the stage for an exciting future. Together, we’re redefining what it means to work, collaborate, and innovate in the heart of San Francisco’s SOMA district.

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