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March 28, 2024
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• USC Inks 160k sf Westside Office Renewal
8/05/10
In what we’re told is the biggest office lease in West LA so far in 2010, the University of Southern California inked a long-term renewal for 160k sf of space at Marina Towers in Marina Del Rey. The space houses USC’s Informa...
Price: $3.99
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• Newly Constructed Medical Office Building Fetches Nearly $11 Mil
8/05/10
Here’s the scoop on a newsworthy medical office building sale in San Luis Obispo that just closed yesterday. The property, a recently constructed, three-story, 45k sf building on the Sierra Vista Regional Medical Center campu...
Price: $4.99
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• $25 Mil Purchase of Disneyland Courtyard by Marriott Part of Chesapeake’s Big Checkers Game
8/05/10
By Allen Wolfsheimer Chesapeake Lodging Trust has acquired the Courtyard by Marriott Anaheim Hotel at Disneyland for $25 mil, in a transaction that concludes their purchase of a two-property portfolio from Tarsidia Hotels. T...
Price: $4.99
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• Positive Outlook for San Diego Industrial and Office Markets
8/04/10
For the first time in seven consecutive quarters, San Diego’s industrial market showed positive net absorption, posting 169.8k sf for the first half of 2010, according to Jerry Holdner, Vice President of Market Research for V...
Price: $3.99
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• Colorado Buyer Spends $20 Mil on AZ Multifamily Property
8/03/10
A 220-unit Arizona apartment community traded hands in a recent transaction valued at $20 mil ($90.9k/unit). The property, Sonoma Landing, is located at 4776 East Guadalupe Rd, south of Hwy 60 and just west of Power Rd in the...
Price: $3.99
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• Consumer Goods Company Leases 155k sf Santa Fe Springs Facility
8/03/10
Alticor/Access Business Group, a third-party manufacturer of consumer goods, signed off on a seven-year of a 155.5k sf industrial building at 12825 Leffingwell, west of Carmenita Rd and south of Imperial Hwy in Santa Fe Sprin...
Price: $3.99
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• Pieces Coming Together After Mosaic Ground Breaking Event
8/02/10
Mosaic, a new mixed-use workforce housing development in Los Angeles, recently broke ground with a public ceremony attended by Los Angeles City Councilman Ed P. Reyes along with a number of execs from the project developer, A...
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• La Canada Retail Center Fetches $16 Mil
7/30/10
Foothill Promenade, a 42.1k sf neighborhood shopping center in La Cañada, was acquired by a partnership of private individuals for $16 mil ($380/sf). The property is on a 2.75-acre parcel at 475 Foothill Blvd, at the signaliz...
Price: $3.99
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• Highridge Partners Closes $42 Mil NoCal Office Buy
7/30/10
El Segundo-based Highridge Partners wrapped up a significant NoCal office buy, having paid $42 mil for 255 California, a 173.7k sf Class A building in San Francisco’s North Financial District. The building was purchased from ...
Price: $3.99
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•  Mercedes-Benz Renews Its Beverly Hills Showroom Space
7/29/10
In a recent Beverly Hills office/showroom lease, Miller-DM, Inc., which operates as Mercedes-Benz of Beverly Hills, signed a 15-year lease renewal for 60.9k sf at Beverly Mercedes Place, where the dealership has been located ...
Price: $3.99
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• Investor Spends $16 Mil on Two-Building Bay Area Portfolio
7/29/10
A two-building Bay Area portfolio was purchased by a private investor, Rona Real Estate LLC, for roughly $16 mil. The acquisition consists of a 62.3k sf mixed-use building in San Francisco’s historic Jackson Square and a 34.4...
Price: $3.99
Executive Subscriber Price: Free
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• Casden’s Latest SoCal Apartment Community Set to Open Its Doors
7/28/10
Empire Landing, a new 276-unit luxury apartment development in the heart of Burbank’s entertainment and media district, is set to open to the public on August 1. The craftsman-styled project, situated on seven acres at the co...
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• San Diego Warehouse/Distribution Portfolio Lands New $15 Mil Senior Loan
7/28/10
Commercial real estate investment banking firm George Smith Partners has arranged a $15 mil senior permanent loan for three warehouse distribution buildings totaling 230k sf in San Diego. The loan was placed by GSP’s Gary Mo...
Price: $3.99
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• Unusual SoCal Property Hits the Market
7/27/10
Here’s an unusual property listing to come on the market. A group of private investors are selling a 1.5 msf greenhouse/industrial property situated on 45 acres along Hwy 101 in Santa Barbara County. Valued at $18.5 mil, we’r...
Price: $4.99
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• Silicon Valley Activity Update
7/27/10
PALO ALTO – Skype signed a long-term lease for a 90.7k sf facility located at 3210 Porter Dr. The company, a software company that allows the public to make free video and voice calls, send instant messages and share files wi...
Price: $3.99
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• Phoenix Realty Group Purchases 424 Units in the Inland Empire
7/27/10
Phoenix Realty Group (PRG) recently acquired 424 apartment units in the Inland Empire in two transactions totaling over $30 mil. The properties were purchased on behalf of its institutional real estate fund targeting workforc...
Price: $3.99
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• LAX Office Complex Inks Trio of 1st Half Leases Worth Over $30 Mil
7/26/10
In a positive sign for Los Angeles’ LAX office submarket, there were three large lease transactions totaling over 180k sf at the Airport Spectrum complex during the first half of 2010. Airport Spectrum is owned by Decron Prop...
Price: $3.99
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• John Kerin Takes Over as President and CEO at Marcus & Millichap
7/26/10
John Kerin has been named President and Chief Executive Officer of national real estate investment services firm Marcus & Millichap. He will replace Harvey Green, who announced his retirement earlier this year. Kerin, who too...
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• Silicon Valley Office Vacancy Rate Remains Flat During 2nd Qtr 2010
7/23/10
Here’s a brief overview of the San Jose office and industrial markets for the second quarter of 2010, provided to us by national real estate services firm Grubb & Ellis. OFFICE • The Silicon Valley office market vacancy ra...
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• Seattle-Area Apartment Community Sells for $96k/Unit
7/22/10
Vancouver, WA-based Holland Partners paid $18.25 mil for Westhaven, a 190-unit ($96k/unit) multifamily complex in the West Seattle neighborhood of Seattle. The property was sold by W&W Westhaven Associates. Westhaven’s desi...
Price: $3.99
Executive Subscriber Price: Free
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