PMI Leases Another 4,566 Square Feet on the ground floor 10951 Pico Boulevard,one block from Google’s new facility in WLA.

PMI Properties is excited to welcome Persimmon Life Inc. to our building at 10951 Pico Blvd. Occupying a ground floor suite spanning 4,566 square feet, Persimmon Life Inc. is set to provide industry-leading medical aesthetics treatments right in the comfort and safety of their customers’ homes. James Wilson and Dave Wilson of Lee & Associates WLA represented the landlord, and Andrew Doan of Lee & Associates WLA represented the tenant. 

Persimmon Life Inc. delivers cutting-edge aesthetics treatments directly to customers’ homes, with trained and licensed nurses. Their innovative at-home medical spa experiences offer unparalleled comfort, convenience, and privacy, earning them industry credibility and establishing them as a leader in the field.

Strategically located near Google’s new westside pavilion campus, this new office space promises innovation and collaboration for Persimmon Life Inc. Being surrounded by industry leaders at 10951 Pico Blvd places them in the heart of the residences in Los Angeles. This prime setting presents an excellent opportunity for Persimmon Life Inc. to thrive, as they can tap into a community that values innovative aesthetics treatments, fostering collaboration and growth.

PMI Leases 10,113 square feet at 10951 Pico Boulevard, one block from new Google offices

PMI Properties is thrilled to welcome ViaVia Corporation and Kira Learning Inc. to our building at 10951 Pico Blvd in West Los Angeles! Occupying the 3rd and 4th floor suites, they’ve secured 10,113 square feet of cutting-edge office space. Dylan Mahood of Lee & Associates WLA represented the landlord, and James Wilson of LeeWLA represented the tenant for the lease.

ViaVia Corporation is a video-first online fashion retailer platform with a focus on catering to the Gen-Z consumer. Their platform offers a carefully curated selection of fashion and streetwear brands, encapsulating the latest trends. Embracing the power of digital innovation, ViaVia Corporation is setting new standards in the fashion industry. Sharing the space is Kira Learning Inc., a groundbreaking company dedicated to creating a browser-based solution for accessible and standards-aligned K-12 Artificial Intelligence (AI) and Computer Science (CS) education content, tools, and support. 

This strategic location has set the stage for ViaVia Corporation and Kira Learning Inc. to flourish. Situated just down the block from Google’s new westside pavilion campus, they are well-positioned to benefit from the creative and tech-centric atmosphere in the area.

We are excited to witness the incredible journey of ViaVia Corporation and Kira Learning Inc. in their new offices, and we extend our warmest welcome to them as they begin this chapter with us at PMI Properties.

Together, we look forward to shaping a brighter future, fueled by innovation and collaboration, right here at 10951 Pico Blvd!

PMI LEASES 13,000 SQUARE FOOT FLOOR AT 642 HARRISON IN SOMA, SAN FRANCISCO

PMI Properties is delighted to announce that VFS Global, a leading visa outsourcing and technology service company, has signed a five-year lease for the 12,877 SF space on the second floor of 642 Harrison St. in San Francisco. Brian McCarthy of Transwestern represented the landlord and Griggs Ziesing and Jonathan Allen of JLL represented the tenant in the execution of the five-year lease. 

VFS Global has established itself as a trusted partner for governments and diplomatic missions around the world, offering a wide range of visa application outsourcing services and technology solutions. With a presence in over 145 countries, VFS Global facilitates the visa application process, providing efficient and streamlined services to thousands of travelers every year. Their dedication to excellence and commitment to innovation align perfectly with PMI Properties’ values.

PMI continues innovate and provide creative solutions to its properties under all market conditions. The current recession represents the fifth for the principals who in the 1990s recession pioneered creative office and are currently pioneering concepts of creative flex and super flex. More to come..

Good News For Downtown Santa Monica–Burton Snowboard renews lease at corner of 4th Street and Broadway

Good news for Downtown Santa Monica – PMI is pleased to announce that the snowboard and outdoors retailer, Burton Inc., has renewed its lease at 1460 4th St in Santa Monica. The 5,695 SF retail space will continue to be used as one of Burton’s flagship locations.

Founded in 1977, Burton Inc. has since become the second largest manufacturer and retailer of snowboards in the world. Burton designs, manufactures, and markets a diverse line of snowboarding equipment, clothing, other related accessories, and much more. Currently, Burton runs approximately 55 company specific locations globally –  including their retail stores, flagship locations, and outlet shops. Additionally, Burton products are sold in over 4,300 non-company owned stores world-wide. 

Located on the northwest corner of 4th St. and Broadway Ave., and adjacent to the yoga apparel retailer Lululemon, Burton stands just one block away from the famous retail hub – the Santa Monica Promenade. Its proximity to other retailers and abundance of foot traffic makes this space a prime location for a prominent retailer like Burton. PMI Properties principal Jeffrey Palmer comments on the partnership with Burton saying, “The retailer has exhibited strong performance over the past few years.” PMI properties looks forward to continuing its work with Burton in the future.

Yesterday at 4:39pm

PRESSED JUICERY LEASES 8,072 SQUARE FEET IN PMI’S CREATIVE INDUSTRIAL PROPERTY IN CULVER CITY

PMI Properties is excited to announce that Pressed Juicery, a leading cold pressed juice company, is moving into the 8,072 sq ft creative office/industrial space at 8671 Hayden Place. Featuring An expansive outdoor private patio, vast rollup windows, high exposed ceilings, and much more, this flexible creative office and industrial space is situated in prime Culver City. Located in the Hayden tract, this property is surrounded by several corporate offices including Nordstrom HQ, Apple, and Beats Electronics. David Wilson, James Wilson, and Dylan Mahood of Lee & Associates WLA represented the landlord and Jeff Gerlach of CBRE represented the tenant for the seven year lease.

Founded in 2010, Pressed Juicery’s mission is to refresh the healthy food industry, making it more accessible, and creating unprecedented products. As the innovative brand “presses” forward in its endeavors, it blazes a new path with an invigorated focus on developing new and improved products and experiences. Pressed plans on utilizing this space to meet both its office as well as research and development needs.

8671 Hayden Place offers a combination of both creative office flex and industrial space perfect for tenants who desire a mix of creative office and industrial.


Elodie Games Leases 4,000 Square Foot Creative Office in PMI Rose Studios

PMI Properties is excited to announce that Elodie Games, has moved into a 5,500 square foot office space at 219 Rose Avenue in Venice. This creative office space, with a massive patio, rollup door, skylights, and high ceilings, is located two blocks from Venice Beach and is near the immensely popular Rose Café/Bar and Firehouse Restaurant. Elodie is a game studio focused on improving co-play games around the world and has recently raised $32.5 million, James Wilson and Dylan Mahood of Lee & Associates represented the landlord, and Jake Zacuto of the Zacuto group represented the tenant for this four-year lease.  

Highnote Leases 10,900 square foot Creative Space in PMI’s 642 Harrison Street in San Francisco

PMI Properties is excited to announce that Highnote, a fintech startup founded by PayPal alumni, has launched a virtual payment card platform for business, raised $54M in funding, and has moved into a 10,900 square foot space at 642 Harrison Street. This creative office space, with 20-foot-high ceilings, on the ground-floor, is located in San Francisco’s Soma area and is close by LinkedIn and Splunk. Brian and Mike McCarthy of Transwestern represented the landlord, and Blake Walker of T3 Advisors represented the tenant for this four-year lease.

Agglomeration Economies Still Matter and Will Bring Back Cities and Offices

Prior the pandemic–people saw the benefits of agglomeration economics: the advantages to business of physical proximity of an industry or industries. During the pandemic–such proximity became toxic and was avoided. We managed to keep connected through video conferences but unable to reproduce the benefits of agglomeration economies. I saw the buzz such economies caused during the rebirth of SOMA after the dot com boom. I recently noticed it in a new forming center of technology. https://www2.lehigh.edu/news/office-space-extinction-a-look-at-agglomeration-economies. https://www2.lehigh.edu/news/office-space-extinction-a-look-at-agglomeration-economies.  Read more below.

Source: Office Space Extinction? A Look at Agglomeration Economies | Lehigh University

What is a major workplace impediment – both at home and at the office– costing you money, productivity, health, mental performance and quality of sleep?

It is the daylighting in your office. The benefits of daylight to office workers are so great, in fact, that many countries in Europe require workers to be within 27 feet of a window.

Daylight reduces the occurrence of headaches and eyestrain. The proper integration and management of daylighting in an office building provides the best spectrum of light for the eye. When the eye is not allowed to refocus to different distances over long periods of time, the dilating muscles are conditioned to a limited range of perspective, promoting near or far sightedness (Edwards and Torcellini). Professor Alan Hedge of Cornell University also found that daylit offices resulted in an 84% drop in symptoms of eye strain, headaches and blurred vision (Professor Alan Hedge).

Daylight increases worker productivity. In 1983, Lockheed Martin designers successfully increased interaction among the engineers by using an open office layout with integrated daylighting in their offices in Sunnyvale, California (Romm and Browning 1994). This increase helped boost contract productivity by 15%.

At the Rocky Mountain Institute in Snowmass, CO, Lockheed officials believe that the higher productivity levels pertaining to daylighting helped them win a $1.5 billion defense contract (Pierson 1995).

VeriFone, Inc., located near Los Angeles, California, constructed a new daylit worldwide distribution center and reported increased productivity a year and a half after they started using their new building. Productivity at VeriFone increased by more than 5% and total product output increased 25%–28%, making the new building more cost effective than first predicted (Pape, 1998, as cited in Edwards and Torcellini, page 10).

The value of the increase in productivity greatly outweighs the cost. For example, Lockheed Martin reported financial savings due to increased productivity by moving some of its offices to a daylit building. Lockheed calculated that “every minute less of wasted time per hour represents a 1.67% gain in productivity” (Thayer, 1995, as cited in Edwards and Torcellini, page 12).

Daylighting reduces Absenteeism in the Office and Employee Turnover (Franta, G.; Anstead, K., 1994).

Daylighting results in better sleep and quality of life. “Impact of Workplace Daylight Exposure on Sleep, Physical Activity, and Quality of Life,” Northwest University. Exposure to Natural Light Improves Workplace Performance. Cohere found that those working near a window had around 46 minutes more sleep each night – a statistic backed up by HR advisory firm, Future Workplace, as part of ‘The Employee Experience’ study which revealed that daylit working environments presented a 56% reduction in feelings of drowsiness.

Daylighting lowers energy costs. Save the Bulbs reports that with more light being provided by the great outdoors, you can use less light in your office and save on your energy costs. That’s what happened with a Lockheed Martin office in Sunnyvale, CA – the company saved an estimated $300,000 – $400,000 when it revamped its office to let in more natural light. While this is an extreme example, you may still be able to save some money by introducing more natural light, even if your savings don’t amount to a six-figure number.

Daylighting increases creativity. A recent neuroscience study, Rewilding Design | Light, carried out by wellbeing practitioners found that 40% of workplaces with access to daylight experienced up to 40% more productivity and sales. The same body of research also revealed that those working in naturally lit working environments were shown to be 15% more creative.

Daylight improves concentration and short term memory. Better concentration and improved short-term memory were both observed in office workers who had been exposed to natural light, according to a 2003 California Energy Commission study.

Daylight may be the number one office perk desired by employees?

When it comes to making a workplace function at peak productivity, it isn’t about the meals and snacks, coffee bars, ping pong tables, or treadmill desks. The amenity that employees are clamoring for most is something simpler and more readily abundant: natural light.

In study after study, office workers say natural light in the workplace is a top perk that helps with overall happiness and productivity levels. In fact, a survey conducted of over 1,000+ U.S. respondents found that 83% of employees say natural light is important to have at their workspace. Despite this, only 50% have access to it. Let there be light: Why natural light is the #1 office perk.

What is the problem with fluorescent and LED Lighting?

All fluorescent lights – and most LED lights – flicker, which can cause headaches and eyestrain and contribute to decreased productivity, leaving workers feeling exhausted at the end of the workday. But conscientious workplace designers can limit the amount of flickering with LED lights by being thoughtful about what lights and power sources they use. Let there be light: Why natural light is the #1 office perk.

Additional Citations:

L. Edwards and P. Torcellini, July 2002, A Literature Review of the Effect of Natural Light on Building Occupants, page 9. NREL. https://www.nrel.gov/docs/fy02osti/30769.pdf

Franta, G.; Anstead, K. (1994). “Daylighting Offers Great Opportunities.” Window & Door

Specifier-Design Lab, Spring; pp. 40-43. http://www.sciepub.com/reference/240266

Ott Biolight Systems, Inc. (October 1997a). “Ergo Biolight Report.” California: Ott Biolight Systems, Inc. (1997b).

Professor Alan Hedge from the Department of Design & Environmental Analysis. https://www.nbcnews.com/better/pop-culture/sitting-window-can-boost-your-productivity-ncna873991. Daylight & The Workplace Study, How does natural light in the workplace improve employee physical health, Cornell University. https://view.com/resources

Romm, J.J; Browning, W.D. (1994). “Greening the Building and the Bottom Line: Increasing

Productivity Through Energy-Efficient Design,” https://rmi.org/insight/greening-the-building-and-the-bottom-line/

Pierson, J. (November 20, 1995). “If Sun Shines In, Workers Work Better, Buyers Buy More.” AP News. https://apnews.com/article/2da84b8feee97fab28c1cee2b9b6aadc