- Business Advocacy
Los Angeles-based developer The Ratkovich Company announced a slate of leasing updates accounting for nearly 200,000 square feet in space at The Alhambra, a 45-acre mixed-use urban campus in the heart of Alhambra. Including an expansion, renewed leases, and new additions, the recent activity serves to further extend The Alhambra’s partnership with long-standing community institutions and to welcome new tenants to the community.
“We pride ourselves on working with our partners to support their long-term success. When they renew their leases or expand their footprint at our properties it tells us we’re doing something right and that they value being part of the urban community we’ve worked so hard to build,” said Wayne Ratkovich, founder and president of The Ratkovich Company. “Likewise, we look forward to nurturing long-term relationships with new tenants and strengthening the connection they have with the community at large.”
Existing tenant Eastern Los Angeles Regional Center for the Developmentally Disabled (ELARC) has opted to expand its footprint more than six times over, increasing the total lease space from just under 32,000 square feet to just over 100,000 square feet. A tenant since 1996, ELARC is one of 21 Regional Centers in the state, coordinating and providing community-based services to individuals with developmental disabilities. The move, which makes ELARC The Alhambra’s second largest tenant, will help the Center to grow and add more service coordinators to provide additional support in the region.
“Our expansion will allow us to better serve many more individuals with developmental disabilities and their families,” said Gloria Wong, executive director at ELARC. “We are appreciative of the flexibility provided by The Alhambra and look forward to continuing our partnership in service of the greater Eastern Los Angeles region for years to come.”
The Alhambra’s largest tenant, The County of Los Angeles, has extended its 148,447-square-foot lease through 2020. The premises will continue to house the Department of Public Health, Health Services, Auditor/Controller, Internal Services, and the Department of Public Works. AHMC Healthcare, which has been with The Alhambra since 2005, has also renewed its 16,676 square feet of space through 2020. The hospital will continue to serve more than 200,000 patients annually.
New tenant FirstSteps for Kids will occupy 6,348 square feet to help further support children diagnosed with Autism and related developmental and behavioral disorders and to expand the organization’s presence to service Eastern L.A. County. Adding to the slate of academic institutions on site, the Falls Church, Virginia-based American College of Commerce & Technology joins The Alhambra with 6,630 square feet to house ACCT’s faculty, students, and classrooms.
About The Alhambra
The Alhambra is owned and operated by a partnership of The Ratkovich Company and AIG Global Real Estate. The campus was originally developed in the 1920s as the headquarters for petrochemical engineering firm C.F. Braun and Co. The Ratkovich Company purchased the site in December 1999 and completed a successful $56 million renovation to protect, enhance, and expand the campus into a truly integrated urban community. In 2012, The Alhambra received a LEED Gold certification. For more information on The Alhambra, visit http://www.thealhambra.net/.
About The Ratkovich Company
The Ratkovich Company is a Los Angeles development company that engages in both new development and the imaginative reuse of existing buildings. The company has completed, or has under development, nearly 18 million square feet of commercial space in Los Angeles County, including The Bloc, a 1.8-million-square-foot, mixed-use property at the heart of downtown Los Angeles that will become the premier urban retail, office, and hospitality destination. The company has also redeveloped The Alhambra and The Hercules Campus at Playa Vista, a landmark property composed of 11 historic buildings, including the hangar where Howard Hughes’ legendary Spruce Goose was built. The Hercules Campus is home to YouTube, Konami, and 72andSunny. The Ratkovich Company has won numerous awards for its restoration of Los Angeles landmarks, including the art deco Wiltern Theatre and adjacent Pellissier building; the iconic 31-story 5900 Wilshire in Miracle Mile; the Chapman Market; and the city of Glendale's Alex Theatre. The James Oviatt and Fine Arts buildings were also both awarded national landmark status after successful renovations by The Ratkovich Company. For more information, visit http://www.ratkovich.com/.