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March 28, 2024
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• New Otay Mesa Cold Storage Facility Awarded LEED Gold Certification
10/09/09
A 134.9k sf build-to-suit cold storage facility in the Otay Mesa section of San Diego has been awarded LEED Gold certification from The U.S. Green Building Council (USGBC). The building, occupied by Innovative Cold Storage E...
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• Sony Renews 50k sf at Howard Hughes Center
10/08/09
Sony Corporation recently signed a five-year lease renewal for 50.4k sf of office space at Howard Hughes Center in Westchester. Their space is at 6080 Center Dr, a 12-story high-rise built in 2001 and located on the west side...
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• New LMU Campus Library Sure to Make Books Popular Again
10/07/09
Snyder Langston has completed the Loyola Marymount University (LMU) William H. Hannon Library facility located on the LMU campus at 1 LMU Dr in Los Angeles. Designed by AECOM, the 120k sf, three-level university facility addr...
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• Nevins Adams Lewbel Schell (NALS) Acquires 620 Units in Pac Northwest
10/06/09
Nevins Adams Lewbel Schell (NALS) recently closed on the acquisitions of two Northwest apartment communities with a combined 620 units. The purchases consist of The Colonnade, a 268-unit asset in Hillsboro, OR, and The Park a...
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• Iconic West LA Hotel Trades in $35 Mil Sale
10/06/09
Hotel Angeleno, the landmark tower situated adjacent to the 405 Fwy off of Sunset Blvd in West Los Angeles, traded hands in a $35 mil transaction between two local private investors. The iconic, cylindrical hotel is 17 storie...
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• 249-Unit WA Apartment Community Sells for $14.5 Mil
10/05/09
Bravado on 27th, a 249-unit apartment community located at 25701 27th Place South in Kent, WA, sold for $14.45 mil, or about $58k/unit. The three-story, garden-style property had been foreclosed on and was lender-owned at the...
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• Barker Pacific Acquires 168k sf NoCal Office/Retail Asset
10/05/09
In a sizable Marin County investment buy, LA-based Barker Pacific Group (BPG) acquired Rowland Plaza, a 168k sf office and retail property located just north of Vintage Oaks Shopping Center in Novato. The property was purchas...
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• Activity Update from New Long Beach Business Campus Project
10/02/09
The latest activity at Douglas Park, a 55-acre business park currently under development at the former Boeing aircraft manufacturing site in Long Beach, includes two building sales and two leases totaling roughly 39k sf of sp...
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•  Investor Pays $14 Mil for Ground Floor Retail of New Downtown SD Mixed-Use Project
10/02/09
The 43k sf ground floor retail space leased to Albertson’s grocery store at Market Street Village in downtown San Diego traded hands in a recent investment deal worth $13.8 mil ($321/sf). Located at 655 14th St, west of I-5 o...
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• First Industrial Shows a Lot of Agility in 300k sf WA Industrial Lease
10/01/09
Agility, one of the world’s leading providers of integrated logistics to businesses and governments, inked a lease for 300k sf at First Park Meridian Campus in Lacey, WA, about 60 miles southwest of Seattle. The lease gives A...
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• Western National Locks Up New Assignments for another 500 Units
10/01/09
In the latest multifamily management news, OC-based Western National Property Management has secured four new third-party management contracts in Southern California. The four properties, located in Long Beach, Covina, Calex...
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• Western Digital Lands on Park Place in Biggest OC Office Lease of 2009
10/01/09
By Allen Wolfsheimer Computer hardware manufacturer Western Digital has agreed to what is the largest office lease in Orange County so far in 2009, having signed a 10-year deal for 365k sf of space at the Park Place office c...
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• PCCP Acquires 1.25 msf Texas Industrial Complex
9/30/09
SoCal-based PCCP LLC has acquired 121 Lakepointe Crossing, a three-building, 1.2 msf Class A industrial property located in Lewisville, Texas. The asset was purchased from Opus West for $29.9 mil through bankruptcy court auct...
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• Fremont R&D Campus Sells after 4 Years on the Market
9/29/09
Asilomar Partners, a local Silicon Valley investor, purchased a three-building, 195k sf R&D campus located at 49000 Milmont Dr, just east of I-880 and south of Scott Creek Rd in Fremont. The property, which had been listed fo...
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• Equity Collects $37 Mil from Sale of Two South Bay Apartment Properties
9/29/09
Harbor View and Bay Ridge, two apartment communities totaling 220 units in the South Bay city of San Pedro, traded hands in a recent $37.25 mil ($169.3k/unit) transaction. The properties were sold by Equity Residential. Loca...
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• Construction Completed on New Health Building at San Diego Mesa College
9/28/09
McCarthy Builders has completed construction on the new three-story, 50k sf Allied Health Building at San Diego Mesa College, located at 7250 Mesa College Dr in the Clairemont area of San Diego. Construction of the new $23 m...
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• $80 Mil Waterford Sale Helps Crystallize NoCal Apartment Market
9/25/09
Behringer Harvard Multifamily REIT I acquired Waterford Place Apartment Homes, a 390-unit, 351k sf luxury apartment community in Dublin, in one of the largest NoCal multifamily sales of the year. The asset was sold by Shea Pr...
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• Moving Company Moves into 54k sf Fontana Space
9/24/09
Inland Empire Moving and Storage agreed to a 65-month lease for 54k sf of industrial space in the city of Fontana. The space is part of a 148.8k sf facility located at 13170 Marlay Ave, north of Hwy 60 and east of I-15. The ...
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• $21 Mil Apartment Sale is Biggest Hollywood Multifamily Deal this Year
9/24/09
In what we’re told is the largest Hollywood multi-family transaction so far this year, Hollywood Place Apartments LLC of Los Angeles purchased the 112-unit Hollywood Place Apartments from Iowa-based SP/P Hollywood Place for $...
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• Pasadena Office Property Trades in $52 Mil Deal
9/23/09
In a just completed SoCal investment transaction that is said to be the largest office building sale in LA County so far this year, an Arcadia-based private investment entity, Singpoli, with capital partners in Hong Kong and...
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