John Cushman III, Andrew McDonald, Phil Brodkin and Cody Cannon

Despite high vacancy rates and declining asking rents in many office submarkets, Cushman & Wakefield’s Southern California teams have been busy selling, leasing and financing office complexes, as well as properties in hotter asset classes such as biotech labs and warehouses.

In June, the firm represented Tishman Speyer in the $206 million sale of 555 Aviation Boulevard, a 300,000-square-foot low-rise office building in El Segundo, to Rialto Capital Management. Cushman’s capital markets team also arranged $127 million in acquisition financing with Natixis. 

Last month, the brokerage’s Greater L.A. pros — led by John Cushman III, Andrew McDonald, Phil Brodkin and Cody Cannon — were involved in the lease and sale of an office and lab property at 30601 Agoura Road, out in Agoura Hills on the western edge of Los Angeles County. Harbor Associates and Platform Ventures picked up the 119,000-square-foot office building from Adler Realty for $19.3 million. And A2 Biotherapeutics sealed an 11-year, 76,000-square-foot lease in the building, with 70 percent of its space reserved for lab research and 30 percent for offices. 

In addition, Cushman recently acquired Cresa’s L.A. operations, which include three Los Angeles County offices in West L.A., Woodland Hills and Westlake Village. 

And on the new development side, Cushman is handling the leasing for a notable new office project called Above in downtown L.A.’s Arts District. Legendary Group is developing the 17-story, 311,000-square-foot building at 411 South Hewitt Street. —R.B.R.