Phillips 66 has announced plans to shutter its Los Angeles refinery in the fourth quarter of 2025, impacting approximately 900 jobs - and 650 acres of industrial real estate in Carson and Wilmington.
“With the long-term sustainability of our Los Angeles Refinery uncertain and affected by market dynamics, we are working with leading land development firms to evaluate the future use of our unique and strategically located properties near the Port of Los Angeles,” said Phillips 66 chairman and chief executive officer Mark Lashier in a news release. “Phillips 66 remains committed to serving California and will continue to take the necessary steps to meet our commercial and customer demands.”
Catellus Development Corporation and Deca Companies have been tapped to evaluate the future use of the refinery land.
“The closure of a major refinery in Los Angeles is significant. This action marks the end of one story in Wilmington’s industrial era, but opens the door to exciting opportunities for new jobs, improved air quality, and innovative economic benefits in the years to come. We need to seize this moment to work with business, labor, and community to further LA’s bold climate goals," said Los Angeles City Councilmember Tim McOsker, who represents the Wilmington area. "As we move forward, I will work with the property ownership to ensure a thorough cleanup, and an inclusive, beneficial redevelopment of the site. It’s crucial that this property remains an important economic driver for our district, benefiting both our environment and our local workforce."
Courtyard at the AlhambraThe Ratkovich Company
Los Angeles County has expanded its footprint at The Alhambra office complex, the Ratkovich Company announced this week.
The County will take an additional 22,682 square feet, resulting in a total of 329,770 square feet of leased space at the property. Meanwhile, East Los Angeles Regional Center has opted to take another 17,518 square feet of space, resulting in a total 164,327-square-foot lease. The Alhambra, which has just under 1 million square feet of offices, is now 93 percent leased.
The County, which was represented by JLL in the deal, has offices for the Departments of Parks and Recreation, Public Works, and Public Health at The Alhambra. Cresa represented ELARC.
2677 N. Main Street in Santa AnaGoogle Street View
Los Angeles County recently made headlines with plans to purchase a struggling office tower on Bunker Hill. Thirty miles to the southeast in Orange County, a different public agency is set to do something similar.
The Orange County Transportation Authority announced this week that it is scheduled to close escrow on October 28 for a building that will serve as its new headquarters, replacing leased space at Union Bank Square in Orange. OCTA's permanent headquarters, located at 2677 N. Main Street in Santa Ana, is a roughly 220,000-square-foot building completed in 1982.
The move is expected to save $50 million in taxpayer funds over the coming 30 years compared to the current lease. The estimated cost of the purchase, plus upgrades to the building, is estimated to be approximately $204 million. OCTA is to transition into its new headquarters over a roughly three-year period.
Cities outside of California have also run a similar playbook. Fort Worth in Texas is converting the former headquarters of Pier 1 Imports into its new city hall.
Here's what we're reading this week:
Ridership surpasses 1 million mark on weekdays in September — 22nd straight month of growth "We have some very good ridership news to share now that our most recent numbers are available: we had more than one million average weekday boardings in September for the first time since the pandemic! Specifically, we had 1,023,399 average weekday boardings last month." (The Source)
Eyes on the Street: Santa Monica’s New Michigan Avenue Greenway Extension "The 1/8-mile-long Michigan Avenue Neighborhood Greenway (MANGo) extension includes two short bike/walk paths and one block of two-way protected bike lanes" (Streetsblog LA)
C and K Line operating patternMetro
Changes are coming Sunday, Nov. 3, to the C and K Lines as we open the new Aviation/Century Station "C Line trains will run between the new Aviation/Century Station and Norwalk....K Line trains will – until the LAX/Metro Transit Center opens — run between Redondo Beach and Aviation/Century and between Westchester/Veterans and Expo/Crenshaw. " (The Source)
Wedbush Securities joins downtown L.A. exodus, opting for smaller, more flexible office in Pasadena "Wedbush’s move underscores not only the continued struggles of the office rental market in the wake of the pandemic crisis but broader vulnerabilities in commercial real estate throughout L.A. County." (LA Times)
Los Angeles’ $22-billion homelessness problem gives leaders a choice: Double down or change strategies "Experts interviewed by The Times were split between some who said the report presents a realistic picture of costs and others who argued it revealed a need for less expensive strategies." (LA Times)
Planned improvements to Front Street in San PedroPort of Los Angeles
Eyes on the Street: New San Pedro Front Street Walk/Bike Path "The half mile long landscaped multi-use path extends from Regan Street (essentially under the Vincent Thomas Bridge) to just west of Pacific Avenue" (Streetsblog LA)
These Metro routes are now using cameras to ticket drivers who park in bus lanes "Enforcement on bus routes that run through Boyle Heights and East L.A. will begin soon" (Boyle Heights Beat)
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