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• Downturn in San Francisco Retail Market Expected to Impact Some Neighborhoods More than Others
10/16/09
While accelerating job losses and overall economic weakness has affected spending and tourism in San Francisco, the downturn in the local retail market will have a more significant impact in some neighborhoods than others, ac...
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• Highridge Partners Closes $31 Mil OC Office Buy
10/15/09
Highridge Partners has completed the purchase of 3 MacArthur, a 246.8k sf office tower on three acres in the South Coast Metro area of Orange County, in an all-cash transaction valued at $31 mil, or about $125/sf. The acquisi...
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• Guthy-Renker Inks Expansion/Renewal Deal in Santa Monica
10/15/09
In the latest leasing news from Santa Monica, Guthy-Renker LLC, one of the world's largest direct response television companies, inked a renewal/expansion deal at 3340 Ocean Park Blvd. The company will now occupy 70k sf, an i...
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• Two Buyers Nab Seven Units at Paramount Multi-Tenant Campus
10/14/09
Two buyers have acquired seven units at Somerset Business Park, a five-building, 157.7k sf multi-tenant business campus in Paramount. The development, which consists of 33 office, retail and industrial for-sale units ranging...
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• NAI BT Team Completes Seven Single-Tenant Property Sales Over last Three Weeks of September
10/13/09
Bob Sanner and Rick Sanner of NAI BT’s Leased Investment Group based in the firm’s San Francisco office have closed seven commercial property sales situated around the country in the last 20 days of September. All properties ...
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• CT/KDF Locks Up $15.5 Mil in Construction Take-Out Money on Azusa Retail Center
10/13/09
Newport Beach-based CT/KDF Community Development Partners LLC financed $15.5 mil in construction take-out funds for Citrus Crossing retail center in Azusa. Located in the southwest quadrant of Citrus Ave and Alosta Ave, Citr...
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• 172-Unit OC Apartment Property Sells for $23.5 Mil
10/12/09
Serena Vista, a172-unit apartment complex in Orange County’s Fountain Valley, traded hands in a recent sale valued at $23.58 mil ($137.1k/unit). The property is located at 10300 La Hacienda Ave, one block south of the 640-acr...
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• TIAA-CREF Signs Over 100k sf of Deals at Westlake Village Office Campus
10/12/09
In the latest office leasing update from the Conejo Valley, there have been seven recent deals, totaling over 102k sf, at Westlake North Business Park in Westlake Village. The Class A, three-building campus, located north of ...
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• JB Matteson Closes $12 Mil Portland-Area Multifamily Buy
10/09/09
In a notable multifamily investment sale from the Pacific Northwest, JB Matteson Inc acquired the London Flats Apartments, a 146-unit apartment development located in Vancouver, WA, a suburb of Portland, OR, for $12.165 mil (...
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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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