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Trigild Named Receiver for 575k sf of Playa Vista Commercial Space 12/10/09 San Diego-based Trigild has been appointed receiver for 575k sf of industrial, film production and office space at The Campus at Playa Vista, a new office development in West Los Angeles. Encumbered by a $155 mil defaulted lo...
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West Hollywood Retail Property Trades for $900/sf 12/09/09 After more than a year of litigation, a prime West Hollywood retail property owned by Joey Bishop Productions Inc was sold in an estate sale for $6.2 mil, or about $900/sf. The buyer was Sakhi Properties LLC, which acquired t...
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Two New Tenants Sign at Phoenix Office High-Rise 12/09/09 Two tenants, Arizona Hospital Association and the law firm of Swenson Storer Andrews & Frazelle, signed leases for a combined 17k sf of office space at 2800 Tower, a 364.5k sf Class A high-rise located at 2800 North Central A...
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RiverRock Awarded Management Assignment for Two OC Office Properties 12/08/09 RiverRock Real Estate Group was awarded the management assignment for two Class A OC office properties, 100 Bayview and 3 MacArthur Place, totaling 563.8k sf of space. With these new assignments, RiverRock’s management portf...
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Digital Realty Trust Pays $90 Mil for Bayshore Data Center 12/08/09 In a large Bay Area sale, Digital Realty Trust Inc purchased Bayshore Data Center, a two-building, 185k sf data center in Santa Clara, for $90.52 mil ($490/sf). The property was sold by Inland Western REIT, which acquired th...
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Legacy Partners Purchases Existing Mortgage on East Bay Office Property 12/07/09 Legacy Partners obtained financing of $16.5 mil for Legacy Plaza San Ramon, a NoCal, Class B+ office property. The 307.5k sf, two-building complex is located at 2000 Crow Canyon Place, within the affluent Bay Area suburb of S...
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Shrinking Employment Level Still Pulling Down San Diego Office Market 12/04/09 With the unemployment rate in San Diego greater than 10 percent and operating incomes falling, more companies have reduced their space demands or shuttered, driving down occupancy levels and rents, according to a fourth-quart...
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Transportation Security Administration Pulls into Liberty Station 12/03/09 In the latest leasing news from the Liberty Station Office District in San Diego, the Transportation Security Administration signed a 10-year lease for 16.6k sf of office space at Building 902. The Transportation Security Adm...
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HFF Arranges $24 Mil on 183-Unit OC Multifamily Property 12/02/09 HFF (Holliday Fenoglio Fowler, L.P.) has placed a $24 mil loan with Freddie Mac for City Pointe Apartments, a 183-unit, Class A multi-housing property in Fullerton. The property is located at 130 East Chapman Ave, near the Ri...
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Current TV and InVisM are Latest Entertainment Firms to Sign at Los Angeles Center Studios 12/02/09 Current TV (CTV) and InVisM (IVM) have signed long term leases totaling 30k sf at Los Angeles Center Studios (LACS). CTV, an Emmy® award-winning cross-platform news and information media company, will relocate to downtown Lo...
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Sacramento Multifamily Property Trades for $11.5 Mil 12/01/09 An Austin, TX-based investor closed on a significant Sacramento multifamily buy after paying $11.5 mil for The Villas at La Riviera, a 199-unit ($57.8k/unit) property. The complex is located at 7901 La Riviera Dr, north of th...
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Trojans March into LA’s Westside 12/01/09 In one of the bigger office deals on the Westside in some time, The University of Southern California has agreed to a 10-year lease for a 72k sf building at The Campus at Playa Vista, a joint venture development of Tishman Sp...
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OC Medical Office Building Listed at Just Under $11 Mil 11/30/09 Huntington Beach Medical Tower, a four-story, 58.5k sf medical office building in Huntington Beach, was just listed for sale with an asking price of $10.875 mil, or about $186/sf. The property is located at 17822 Beach Blvd, ...
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Private Investor Takes the Edge Off El Segundo Office/Flex Market 11/30/09 Brad Jones, an LA-based investor, purchased the last two remaining office/flex buildings at The Edge at Campus El Segundo, an office/flex building development project by joint venture partners Mar Ventures, Inc. and AMB Prope...
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Lancaster Home for California’s Disabled and Aging Veterans Completed 11/25/09 Work was just completed on the William J. “Pete” Knight Veterans Home of California, a $22.2 mil project built by Barnhart-Heery on behalf of the California Dept. of Veterans Affairs in the city of Lancaster. The home will pr...
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117k sf Torrance Shopping Center Hits the Market 11/24/09 If you’re in the market for an established LA-area shopping center, you might to check out Carson Normandie Plaza, a 117.2k sf retail property in Torrance. The asset, located at a signalized intersection on more than 7.5 acre...
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ProLogis to Build 667k sf Ontario Distribution Facility 11/24/09 New commercial development may have slowed down to a trickle, but you can still find a few major projects moving forward. One such development is a new 667k sf distribution facility that ProLogis has agreed to build in Ontari...
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LA Office Market Still Feeling Effects of Recession 11/23/09 Severe job cuts, particularly among professional workers, are weighing on operations in the Los Angeles office market, according to a fourth-quarter Office Research Report by Marcus & Millichap. Since the onset of the recessi...
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Western Holdings Becomes Part of Capital Real Estate Advisors 11/20/09 In news of a notable industry merger, LA-based Capital Real Estate Advisors (CRA) has absorbed Western Holdings, led by Robert Clifford, in a deal that was first announced this past summer. The new company will continue under...
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PCCP/Lewis Venture Picks Up 798 Residential Lots in Reno 11/19/09 A venture of El Segundo-based PCCP LLC and Upland-based Lewis Operating Corp acquired 798 finished and partially finished residential lots located in southeast Reno in a $6.6 mil purchase. Approximately 600 of the lots are l...
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