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April 19, 2024
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• Work on $1.2 Bil Waterfront Development in Tacoma, WA is Underway
9/03/08
Development is underway on the initial phases of Point Ruston, $1.2 bil waterfront development next to Point Defiance, minutes west of downtown Tacoma in Washington. Upon full build-out, the Built Green® Community is slated t...
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• BOMA LA Organizes Memorial Service for Barbara S. Harris
9/02/08
The Building Owners and Managers Association of Greater Los Angeles (BOMA/GLA) regrets to announce that Barbara S. Harris, RPA, a leading real estate professional, passed away on Tuesday, August 26, 2008 after a long and cour...
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• Construction Completed at New Vista Medical Office Project
9/02/08
Construction was just completed at Premier Crossing, a $20 mil medical and professional office park located at the intersection of South Melrose Dr and Sycamore Ave in Vista. The project is situated near to both Scripps Hospi...
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• Reznick Group Inks Renewal/Expansion Deal for 17k sf in Century City
8/28/08
Reznick Group, the highly regarded CPA firm that specializes in commercial real estate, inked its own real estate deal in Century City, after agreeing to a seven-year lease for 17.6k sf of office space at 1888 Century Park Ea...
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• City of Los Angeles Inks $47 Mil Downtown Office Renewal
8/27/08
The City of Los Angeles signed off on one of the largest SoCal office transactions of 2008, having agreed to a 10-year lease renewal for 170.1k sf of space at The Garland Center, located at 1200 West 7th St in downtown LA. Th...
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• Cinelease Lights Up Glendale Industrial Market
8/26/08
Cinelease Inc, one of the largest independent lighting and grip rental companies in the country, recently inked a lease for a vacant 155k sf industrial facility in the southeast San Fernando Valley. Cinelease’s 10-year transa...
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• Carlsbad’s Floral Trade Center Purchased for $20.5 Mil
8/26/08
A Carlsbad property considered to offer one of the best redevelopment opportunities in the area recently sold in a $20.5 mil transaction. The property is the Floral Trade Center, a single-story, 154.4k sf office/distribution ...
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• LAX Sheraton Gateway Hotel Trades in $97 Mil Deal
8/25/08
Ownership of a major LAX-area hotel property changed hands in a recent transaction valued at $97 mil. The property is the fee simple interest in the 802-room Sheraton Gateway Hotel at Los Angeles International Airport, which ...
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• Equity Office Investing $25 Mil in SoCal Upgrades
8/21/08
For those of you who may have been under the impression that Equity Office ceased to exist after Sam Zell sold it to The Blackstone Group for $39 bil in 2007, think again. The big office owner, which manages 50 msf of space i...
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• BAE Systems Inks $31 Mil Lease at San Diego’s Liberty Station
8/20/08
BAE Systems has pre-leased 80k sf in a new office building currently under construction at Liberty Station in San Diego’s Point Loma area. The 10-year deal has a total value in excess of $31 mil, which divides out to an avera...
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• Sorrento Mesa Office Building Sells in $25 Mil Deal
8/19/08
Mira Oberlin Plaza, a 77.3k sf office building in San Diego’s Sorrento Mesa area, just traded hands in a $24.9 mil ($322/sf) transaction. The building, which sits on 1.75 acres at 5880 Oberlin Dr, east of I-805 and just south...
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• Newcastle and RREEF Acquire 54 Acres in Long Beach for Mixed-Use Campus
8/18/08
A 54-acre parcel at the former Boeing aircraft manufacturing site in Long Beach will soon be transformed into a state-of-the-art mixed-use development slated to contain office and industrial product, along with retail space a...
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• Memphis Buyer Looking for Lyon’s Share of Gilbert, AZ Apartment Market
8/18/08
Alexan Lyon's Gate, a 312-unit apartment community in Gilbert, AZ was purchased by a Memphis, TN-based investor for $35.25 mil ($113/sf). Located at 3301 East Ray Rd, the complex consists of 13 three-story buildings on a 15.3...
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• Industrial Deal Comps from Petaluma
8/15/08
This report will provide you with an update on two recent industrial deals from Petaluma, a NoCal town situated just off of the 101 Fwy in Sonoma County, roughly 40 miles north of San Francisco. One of the transactions was a ...
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• Blackmore Signs $21 Mil in Deals at Carlsbad Research Center
8/15/08
In recent leasing activity from San Diego County, three deals totaling 130.1k sf were signed in the Carlsbad Research Center for a combined value of $20.7 mil. Owned by The Blackmore Company, Carlsbad Research Center is a 560...
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• 165-Unit Montclair Apartment Property Sells for $29 Mil
8/14/08
A 165-unit townhome development in the Inland Empire community of Montclair was acquired by a venture of Kennedy Wilson Multifamily Management Group (KW Multifamily) and PCCP LLC (PCCP) in a $29.25 mil ($177.3k/unit) transact...
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• Huntington Hotel Group Picks Up 3.5-acre Campbell Site
8/14/08
A 3.5-acre site in the NoCal city of Campbell was acquired by Irving, TX-based Huntington Hotel Group for the development of a new 162-room Courtyard by Marriott hotel. The parcel, located at 655 Creekside Way, was sold by Sa...
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• Silicon Valley Office Market Up from Prior Quarter but Down from Previous Year
8/13/08
Silicon Valley’s office market is adjusting to the changing economic climate, as businesses are becoming more tentative about their long-term leasing needs. Overall leasing activity for the second quarter of 2008 increased to...
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• Wilshire Christian Church Putting Faith in New Transit-Oriented Project
8/12/08
Historic Wilshire Christian Church (Disciples of Christ) is researching the potential development of a mid- to high-rise transit-oriented project near Wilshire and Normandie in LA’s Mid-Wilshire area. The church has retained ...
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• Arden Announces National Expansion Plan
8/11/08
There’s been some notable news from Arden Realty, the big West LA-based office property owner that was acquired by GE Real Estate in May of 2006. The company, which has since the merger expanded from Southern California into ...
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