Author Archives: PMI Properties

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About PMI Properties

PMI is a thirty year old property investment company located in Beverly Hills/Bel Air that invests in commercial and residential real estate. Since its founding in 1978, PMI Properties has closed over $500 million in office, shopping center, industry and apartment properties throughout Los Angeles and San Francisco. PMI's most recent endeavors have focused on pioneering creative office suites in office buildings and converted warehouses.These properties have been primarily located in Los Angeles and recently in San Francisco. PMI had its roots in investing in apartments, but more recent investments have focused towards offices, creative offices and converted warehouses. PMI was the first to pioneer a new, creative suite in office buildings with its proprietary "lifestyle suites," which featured skylights, partial hardwood floors, designer lighting, raised ceilings, interior glass, and other upgrade features. PMI pre-built the suites in an efficient and generic floor plan that not only achieved a premium, but also rented faster than suites requiring build-to-suit modifications. PMI was also one of the first to convert warehouse industrial facilities into flex creative space prior to the Internet boom. Today, PMI's suites are some of the most coveted creative offices on the market. Subscribe to get our newsletter and blogs for free! http://eepurl.com/hG0V2

Santa Monica Opens Nation’s Largest Bike Parking Center

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Bicycle parking across our 1460 4th Street building in Santa Monica. Photo: LA Metro

PMI recently started a program in San Francisco where we arranged bike parking for our tenant’s employees near the BART and Caltrain.  People can park their bikes overnight in participating garages and retrieve them in the morning after arriving in the city on their transit of choice.  Then they can continue the rest of the distance to work on their bike.  This eliminates the hassle of transporting a bicycle everyday.

The trend seems to be continuing in Los Angeles with the creation of an over 5,000 square foot bicycle garage in Santa Monica.  People that choose this alternative way to commute now have a state of the art facility that includes showers, lockers, restrooms, and an area to repair bicyles.  Our 1460 4th Street building in downtown Santa Monica is conveniently located right around the corner from the facility and we are excited to have this amazing addition close by for our tenants to utilize.

Transportation Nation outlines all the details in their article here.

Past and Present PMI Tenants– Join the Ranks of the Best

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Ever since it’s inception, PMI Properties has been home to many up and coming creative companies.  From video games and film to advertising and software designers, we’ve had the pleasure of housing all types of creative companies.   A social networking company exploded into society’s consciousness from our offices. They now have over 300 million users and changed the way we communicate in 140 characters or less online.  They also reinvented the meaning to the word, “tweet.”  That company is none other than Twitter.  Applied Semantics, producer of software applications for the online advertising, domain name, and enterprise information management markets, invented AdSense in a PMI Property office space.  AdSense has since been acquired by Google, and is now responsible for over 25% of their revenue.

It’s been said that our Properties Motivate Innovation.

A few more you may have heard of include Columbia Pictures, Matt Damon and Ben Affleck’s Project Greenlight, HBO Entertainment, Google, Wes Craven, Summit Entertainment, Sony Electronics and Ubisoft.

To gain a larger sense of our scope and variety of amazing tenants, check out our complete list of past and present PMI tenants below.

Entertainment

  • Bruce Lee Enterprises
  • Concrete Pictures
  • Franklin and Waterman (Film)
  • Imperial Entertainment
  • Infinite Monkey Entertainment
  • Nalin (Film)
  • Public Interest Films (Film Production)
  • Sony Pictures
  • Strand Releasing (Movie Distribution)
  • Trimark Films (Film/Merged with Lionsgate)
  • David Koz (Musician)
  • Domo Records (Music Publishing)
  • John Erhlich (Music Editing)
  • Music Choice (Internet Music)
  • Rick Knowles (Music Production)
  • Tonos (Music Website/Carol Bayer Sager)
  • Varese Sarabande (Music Publishing)
  • Vibe (Music Publishing)
  • Fox Entertainment
  • Gurin Company (Television Production)
  • Millionaires Club (Television)
  • Mixed Signals (Interactive Television)
  • Termite Art (Television Production)

Production 

  • Tangerine Entertainment (Commercial Production)
  • Halon Entertainment (Pre Production)
  • Animal Logic (Post Production)
  • At The Post (Post Production)
  • Goodspot (Post Production)
  • Jack Fx (Post Production)
  • King and Country (Post Production)
  • Liquid (Post Production)
  • Moxie Pictures (Post Production)
  • Propeller (Post Production)
  • Radium (Post Production)
  • Rex Edit (Post Production)
  • Safehouse (Post Production)
  • Sol Design (Post Production)
  • Superior Assembly (Post Production)
  • On Line Off Line (Video Production)

Software

  • Applied Semantics
  • Apture (Web Software)
  • Codehost (Software)
  • Coding Technologies (Software)
  • Double Click (Web Advertising Software)
  • Epoch-Paycom (Digital Payment Web Software)
  • Guardian Edge (Web Software)
  • Ingrooves (Web Music Software)
  • Insync (Web Music Software)
  • IOTA (Web Music Software)
  • Jaspersoft (Software)
  • Limelight (Software)
  • Opendns (Software)
  • Outlook
  • Playdom (Software)
  • Radar (Web Software)
  • Retix (Software)
  • Supersig (Web Software)
  • The Brain (Software)
  • Xobni (Web Software)
  • Yammer (Saas Collaborative Software)
  • Yola (Web Software)
  • Zendesk (Web Software)

Advertising

  • Bright Design
  • Bush Communications
  • Click Media (Digital Advertising)
  • DCA
  • Deep Focus
  • Domozog
  • Expert Communications
  • Grange Advertising
  • Ideology
  • McElroy
  • Murphy Obrien
  • Point Blank
  • PR 21
  • Rocket Studios
  • Spelling Communications
  • Woo Advertising

Video Gaming

  • Outspark
  • Playdom
  • Six Degree Games
  • Sony Computer Entertainment
  • Sulake
  • Ubisoft
  • Workshop Entertainment

Digital Marketing & Publishing

  • AZ Razorfish (Digital Marketing)
  • Carbon Five (Digital Marketing)
  • Maholo (Digital Publishing)
  • Scribd (Digital Publishing)
  • Techcrunch (Digital Publishing)
  • Threshold (Digital Marketing)

Web

  • Eventbrite (Web Ticket Sales)
  • Google (First LA Offices/AdSense)
  • Motoreyes (Website)
  • Top Tutor/Idealabs (Education Website)
  • http://www.com (Website)

Miscellaneous

  • Dunket–Shaquille O’Neal (eCommerce)
  • Savings.com (eCommerce)
  • Sony Electronics (Electronic Consumer Hardware)
  • Diamond Multimedia/Rioport (Electronic Hardware)
  • NatureEner (Green Technology)

Here’s a First: San Francisco Rescinds Parking Requirements on two PMI Buildings

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PMI recently applied for a variance which would reduce the parking requirements on two of its office buildings in the SoMa district of San Francisco.  The City granted the variance on 625 Third Street and 539 Bryant citing that San Francisco has substantially improved its public transit in the area.  The City also recently changed the parking zoning requirement from a minimum number of spaces required to a maximum number of spaces allowed.  Both properties are of easy walking distance to the Caltrain and within a block of municipal transit which runs every four minutes for a ten minute ride to BART.  Transit options will exponentially increase for the two properties.  The City has commenced construction on the new fourth street subway which will connect Caltrain SoMa with Chinatown with a stop near BART.  PMI has also contributed to the transit-friendly situation.  At PMI’s buildings, arrangements have been made with a garage near the Embarcadero BART Station for tenants to park their bikes at the garage overnight.  Tenants can then take the BART into the city and ride their bikes the rest of the way to work.  At 410 Townsend in SoMa, near Caltrain, PMI made arrangements for Zipcar, a car sharing company, to keep cars in its garage for the benefit of their tenants.

PMI Properties is an owner and investor in creative office buildings on the Westside of Los Angeles and in San Francisco.  Availabilities include 2,000 square feet in Santa Monica and Marina Del Ray and up to 18,000 square feet in Culver City.   For more information, go to http://www.pmiproperty.com.

Advertising as a Barometer of the Westside Creative Office Health

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Advertising is a big part of what drives Westside Creative Office. Although 1.8% growth in 2011 is better than the 12% reduction in 2009–it is still under the 5% in 2010. The article below notes that demand, like the economy, started strong in the first half of the year and then sputtered out. Luckily for Santa Monica–tech filled in and more. Other parts of the Westside lagged. Unless tech takes on much more relevance or advertising picks up–other areas of the Westside may continue to experience more muted demand from creative office users.  The Westside has benefited from growth in digital advertising (e.g. Google Adsense, Rubicon Project) and convergence media (the convergence of media contect onto the web–think Hulu) and E marketing (e.g. Shopzilla).  Although traditional advertising slowed, digital advertising continues to flourish.

http://articles.latimes.com/2011/nov/15/business/fi-ct-tv-advertising-20111115