Our work culture and strength in diversity builds the kind of communities where we’d want to work – and we do!
Focused on Southern California and the Silicon Beach submarket, Olive Hill has owned, remodeled, operated, and recapitalized to create creative office space for tech and media tenants. By being close to the submarkets and locally rooted, the seasoned team at Olive Hill holds deep industry relationships and close ears to the quickly evolving community.
June 10th, 2019 – Olive Hill Group and Artemis Real Estate Partners have formed a joint venture and recapitalized the 520 Broadway creative office building in downtown Santa Monica, which they bought in December 2017. Under the terms of the joint venture, Olive Hill will retain partial ownership of 520 Broadway and remain the property’s operator.
“We decided to work with Artemis because we wanted to develop a long-term relationship with a partner that shares our vision of providing Class-A creative office communities in LA’s thriving Silicon Beach submarket,” said Tim Lee, Principal at Olive Hill Group.
30,000 square-foot central courtyard between two creative office buildings in Culver City received a $1.5M remodel in December 2017. Rebranded as The Courtyard, the campus is home to tech and media tenants such as Ipsos, Omnia Media, Data Science Inc, and Breather. The repositioning provided a flexible workstyle for the tenants including ample outdoor seating, a food truck loading zone, hammocks, a bike share program and new fitness center. AKA Architecture designed the project, and leasing has increased in the Class A creative office campus from 72 to 95 percent in just two and a half years after Olive Hill acquired the asset, completing 9,000 square feet in leasing activity valued at roughly $21.4M.
The 112,756 square foot office building was purchased in December 2017 by Olive Hill with an 82% occupancy. In November 2018, Olive Hill signed a long-term lease for approximately 20,500 square feet with Goodwin Procter, bringing occupancy to 100%. The international law firm focuses on technology and private equity law, making it a great fit for the cohesive creative office that is already home to three floors of WeWork space, Solar Reserve, and Flywheel Sports.