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• Renovation Work Completed at West Los Angeles Office Building
2/25/10
TPMC California just completed a $5 mil redevelopment project at a 107k sf office building in West Los Angeles. Located at 12301 Wilshire Blvd, two blocks west of Bundy Dr, the 1970’s era building underwent a complete transfo...
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• New Medical Office Tower Underway in Bellevue
2/24/10
Healthcare Realty is underway with a new 190k sf medical office high-rise at the Overlake Hospital Medical Center campus in Bellevue, WA. The seven-story Overlake Medical Pavilion (OMP), located at 1231 116th Avenue NE, is th...
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• Torrance Acquires Site for Future Transit Center
2/23/10
The City of Torrance has acquired a strategically located 15-acre parcel of land on Crenshaw Blvd, of which five acres is being considered for the site of a proposed new “Regional Transit Center” to serve the changing transpo...
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• Could the Commercial Real Estate Sector Pull the U.S. Out of a Jobless Recovery?
2/22/10
By Sandra Goda Dino, Director of Sustainable Interiors, LEED AP
Environetics
Imagine seeing that headline….facing the end of an arduous year, many were ready to say goodbye to 2009 and welcome in a new year in hopes of bette...
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• Skin Care Products Company Storms into Torrance
2/22/10
Murad, a leading skin care company, has acquired a new 57.3k sf facility at Storm Business Park in the city of Torrance. The structure, one of three state-of-the-art buildings totaling 175k sf that were just completed at the ...
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• DEXUS Rings Up $20 Mil from Carlsbad and Vista Sales
2/19/10
Solatube has used the building, constructed in 1999 on 3.4 acres, as its corporate headquarters. The company plans to improve the building to consolidate offices from other facilities. Solatube is one of the world’s leading m...
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• Accuray Leases 113k sf of Silicon Valley R&D Space
2/18/10
Accuray, a cutting-edge medical device company, recently inked a lease for 113.6k sf of in two R&D buildings within LaSalle’s Caribbean Corporate Center in Sunnyvale. The buildings are located at 1310 & 1320 Chesapeake Terrac...
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• Big Inland Empire Lease gets the Royal Treatment
2/18/10
Royal Appliance Manufacturing Company inked a new lease for 415.8k sf of industrial space in a San Bernardino facility that just traded hands last year. The five-year deal represents one of the largest new leases in the Inlan...
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• Cautious Optimism for Silicon Valley
2/17/10
Trends2010, Colliers International’s 11th annual commercial real estate forecast, provided outlooks on Silicon Valley’s commercial real estate market, commercial banking, and the economic and political landscape. Speakers inc...
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• Santa Clara County Picks Up Former San Jose Medical Center Property
2/16/10
The former San Jose Medical Center property in downtown San Jose recently traded hands in a $24 mil transaction. The property covers 13.4 acres at 725 East Santa Clara St, a short distance west of the confluence of the I-280 ...
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• Cox Communications Las Vegas Leases 84k sf Facility
2/16/10
In one of Las Vegas’ largest industrial lease transactions since 2008, Cox Communications Las Vegas Inc signed a long-term deal for an 84.4k sf building owned by CIP Real Estate in a joint venture with Buchanan Street Partner...
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• KBS REIT II Acquires 315k sf Portland Office Tower
2/16/10
KBS REIT II, a public, non-traded real estate investment trust, has acquired One Main Place, a 315.1k sf, 20-story Class A office tower in Portland’s central business district. Located immediately across the street from the ...
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• New Plans for Century Plaza Hotel Property Include Preservation of Iconic Building
2/12/10
It looks like the controversy over future plans for the historic Century Plaza Hotel property in Century City may be closer to reaching a resolution, as the new owners of the hotel, Next Century Associates, along with the Los...
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• Local Investor Group Purchases Fountain Valley Retail Center for $11 Mil
2/11/10
Mile Square Plaza, a three-building, 44k sf retail center in Fountain Valley, was acquired by a group of private investors for $11 mil ($250/sf). The center is located at 16501-16581 Brookhurst St, north of Warner Ave and eas...
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• Historic Marin County Site Trades Hands
2/10/10
Virtu investments purchased the historic 865-acre Borello Ranch property from the Judith Borello Trust. Situated adjacent to Tomales Bay and the Marin Headlands National Park, the ranch sale was the largest land transaction ...
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• Two Local Industrial Users Ink Leases for Over 100k sf of OC Space
2/10/10
Here’s the scoop on two sizable OC industrial leases from about a month ago. The transactions took place in Anaheim and Santa Ana, and were each for at least 100k sf.
We’ll start in Anaheim, where Accurate Metal Fabricators ...
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• Marcus & Millichap Capital Corporation Launches Debt Advisory Services Division
2/09/10
Marcus & Millichap Capital Corporation (MMCC) has launched a new division to serve the needs of borrowers nationwide. The Debt Advisory Services (DAS) division will assist borrowers on loan modifications and restructurings, l...
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• Greater Stability is the Key for SoCal Commercial Real Estate in 2010
2/08/10
SoCal real estate experts expect greater stability for commercial real estate in 2010 following a turbulent 2009 often marked by “frozen’ activity and continued downward trends in lease and sale rates. This was the message ec...
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• Watt Chalks Up Almost 170k sf in SoCal Retail Signings since October 2009
2/05/10
SoCal-based Watt Commercial Properties racked up eight new leases and renewed six existing lease contracts with retailers since October 2009. In all, these lease deals comprise approximately 168k sf of space in neighborhood s...
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• FLIR Systems Acquires Two Goleta Buildings Totaling 170k sf
2/05/10
FLIR Systems Inc has acquired two Goleta, CA buildings totaling 170k sf in what we’re told is the largest owner/occupied purchase ever in CA’s South Coast region, based on both size and price. The two facilities, a 120k sf, l...
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