L+O NoHo — 300,000 SF Mixed-Use Development, North Hollywood

Land Assemblage & Entitlement

Pat acted as broker to assemble the ~2-acre site at the corner of Lankershim Blvd and Otsego Street in North Hollywood, three blocks south of Metro's North Hollywood Station. The site spans parcels fronting Lankershim, Otsego, and Klump Avenue. After closing, Pat handled all aspects of obtaining the entitlements over a sixteen-month period — navigating the City of Los Angeles approval process from concept through permits.

Capital Formation

Pat structured the capital stack for the development with Hayes Capital Management, a Woodland Hills-based real estate firm with whom Pat had developed a large retail box portfolio. Capital formation for a project of this scale requires deep relationships with institutional and private investors. In addition to their private capital, Pat brought in Canyon Partners Real Estate for acquisition and development equity of $31M, and once the project was set to go vertical, sourced Bank of the Ozarks for the $72M construction loan.

Development Execution

The project became a 7-story, ~300,000 SF mixed-use building with 297 apartments (including 25 deed-restricted affordable units), a pre-leased 27,000 SF of ground-floor retail, a 570-space parking garage, rooftop pool, gym, and amenity deck. Designed by DE Architects (Santa Monica). Built by Snyder Langston. Developed by Pat in conjunction with his development partners Camden Securities Company and Hayes Capital Management.

The Whole Foods Pivot — Anchor Retail Leasing

Pat personally leased the 27,000 SF ground-floor retail space to 365 by Whole Foods Market. In a last-minute pivot, the tenant converted to Amazon Fresh before opening — reflecting the Amazon/Whole Foods acquisition. The ground floor is now occupied by Amazon Fresh.

Fully leased premier North Hollywood address. Rents range from ~$2,115 to $4,105/month. The building leases as 'L+O NoHo' and is a landmark mixed-use development in the North Hollywood Arts District. In 2021, the project received the prestigious American Institute of Architects award together with the Los Angeles Business Council's award as Best Large Format Mixed-Use Project.

Most brokers touch one phase of a deal this size. Pat touched every one. Land assemblage. Entitlement over 16 months. Capital formation with institutional equity and construction debt. Development oversight. Anchor tenant leasing. Two industry awards. This is the deal that shows what full-spectrum commercial real estate advisory actually looks like.