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Veterans Lundin, Beiswenger and Goldman Form LBG Realty Advisors 7/30/09 Commercial real estate industry veterans Leslie Lundin, Doug Beiswenger and David Goldman have teamed up to form LBG Realty Advisors LLC, a privately held, vertically integrated real estate company that has been established t...
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226k sf Oceanside Industrial Project Trades Hands 7/30/09 La Pacifica, a 226.2k sf industrial project in Oceanside, was acquired by DEI LLC in one of the few big San Diego County investment sales so far in 2009. The property is located at 3801, 3809 and 3817 Ocean Ranch Blvd, east o...
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Capital Commercial Investments Picks Up Former Motorola Campus in Chandler 7/29/09 In a major Arizona real estate sale, Capital Commercial Investments Inc (CCI) has acquired the former Motorola campus, a two-story, 512k sf hybrid corporate office/R&D facility located on 152 acres at 2501 S. Price Rd in Chan...
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Myers Powers into $14.6 Mil Inland Empire Industrial Buy 7/28/09 Even in these tough times, manufacturers are finding ways to acquire Inland Empire distribution facilities when the deal makes sense. In a very recent example, Myers Power Products acquired a 221.9k sf state-of-the-art manufa...
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CNH Parts & Service Takes 246k sf of Distribution Space in Portland 7/28/09 CNH Parts & Service, the product support business of agricultural and construction equipment maker CNH Global N.V., inked a lease for 246k sf of recently completed distribution space at ProLogis Park PDX in Portland. The prop...
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Sares Regis Group and CIGNA Realty Investors Close 231-Unit San Jose Multifamily Buy 7/27/09 In a big NoCal apartment buy, a venture of Sares Regis Group of Northern California L.P. (SRGNC) and CIGNA Realty Investors (CREI) has acquired Bella Villagio Apartments, a 231-unit luxury apartment community located in San J...
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San Diego Office Sales Activity Picks Up 7/27/09 Sales activity in the San Diego office market has significantly increased, according to Voit Real Estate Services' second quarter market report. Despite challenges such as declining rents, increased vacancies, tenant delinque...
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Colliers Launches Asset Preservation Services Group 7/24/09 Colliers International's Real Estate Management Services (REMS) has launched a new service to assist in dealing with the significant number of vacant commercial properties in various markets across North America. Upon its la...
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Sacramento Sees Lofty Apartment Sale 7/24/09 The Lofts, a 188-unit multifamily asset in Sacramento, was purchased by the Reliant Group out of San Francisco for $18.46 mil, or roughly $98.2k/unit. The property is located at 3351 Duckhorn Dr, just west of I-5 and north o...
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Vintage Capital Group Picks Up 370k sf Chunk of SouthBay Pavilion 7/23/09 In one of the larger retail sales we’ve reported in some time, a 370k sf portion of SouthBay Pavilion, a 1.1 msf regional mall in Carson, was acquired by Vintage Capital Group, out of Brentwood. SouthBay Pavilion is located a...
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Advanced Bionics Advances Santa Clarita Office Market with 146k sf Lease 7/23/09 In what is being touted as the largest new office lease signed in Los Angeles County so far this year, Advanced Bionics inked a 10-year deal for Summit Oaks, a 146.4k sf building in Santa Clarita. The five-story structure was...
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LA Office Market Expected to Outshine Most Other Markets into 2010 7/22/09 While employers continue to trim payrolls throughout Los Angeles County, the local office market should outperform most of the country's major metro areas through the rest of this year and into 2010 due to modest inventory gr...
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Continental Tire Leases Majority of New Inland Empire Facility 7/21/09 In the latest significant leasing news out of the Inland Empire, Continental Tire North America Inc (CTNA) agreed to a deal for 498k sf of distribution space within a recently completed 600k sf facility at ProLogis Park Redla...
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George Smith Partners and Manatt, Phelps & Phillips Offer integrated Services 7/21/09 George Smith Partners (GSP), the LA-based commercial real estate investment banking firm, and national law firm Manatt, Phelps & Phillips LLP (Manatt), have teamed up to offer an integrated legal and financial advisory platfo...
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Technicolor Signs Extension in Ventura County 7/20/09 Entertainment biz giant Technicolor agreed to an extension for a portion of space at The Mission Oaks Corporate Center at Camarillo Station in Ventura County. The property is located at 3233 E. Mission Oaks Blvd, east of Lewi...
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Santa Clarita Apartment Property Sells for $23 Mil 7/17/09 Canyon Crest, a 158-unit multifamily property in Santa Clarita, sold in a recent deal valued at $23 mil, or $145.6k/unit, in what we’re told is the biggest multifamily sale in the region since 2006. The property is located at...
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John D. Strockis and Jeff P. Doan Join Voit Real Estate Services 7/16/09 In an effort to better serve the growing needs of owners of distressed commercial real estate assets, Voit Real Estate Services has hired two new key executives to boost the firm’s real estate asset advisory services througho...
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US Bureau of Indian Affairs Takes 58k sf at Phoenix Office Tower 7/16/09 Adler Realty Investments recently inked a number of leases, totaling 80k sf, at its 2600 North Central office tower in Phoenix. John Bonnell, Jason Moore and Brett Abramson of Grubb & Ellis are the listing brokers at the pro...
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Culver City Office Building Sells for Nearly $8 Mil 7/15/09 IDC College just acquired a 24.2k sf office building in Culver City for $7.9 mil, or roughly $328/sf. The building is located at 5995 S. Sepulveda Blvd, just off the 405 Fwy and adjacent to the recently renovated Westfield/Fo...
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Kimberly-Clark Takes Over 500k sf of Space in WA’s Kent Valley 7/15/09 In what is being reported as the largest new industrial lease in Washington’s Kent Valley in the last 10 years, Kimberly-Clark agreed to a deal for 516k sf of space at AMB Property Company’s East Valley Warehouse, outside of ...
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