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Financing Notes 8/21/07 Burnham Real Estate Capital Markets Group: Burnham Real Estate's Capital Markets Group has arranged a $29 mil permanent loan for refinancing Sweetwater Crossings, a retail center located at 1501-1910 Sweetwater Rd in National...
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New Tenant at Riverside's Meridian Biz Park has a Lot of Seoul 8/20/07 Kia Motors America (KMA) has inked a 10-year lease for a 404k sf distribution center at 15001 Meridian Pkwy, within the Meridian Business Park in Riverside. The master-planned complex is the site of the former March Air Force...
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Pro Moves 8/20/07 Jones Lang LaSalle Incorporated has acquired Los Angeles-based Zietsman Realty Partners Inc, a real estate investment banking firm headed by industry veteran Michael Zietsman. Financial terms of the transaction were not discl...
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Napa's Development Rush is Changing the Town's Character for the Better 8/17/07 There is a lot of development activity in downtown Napa as the town gracefully, but not so gradually, evolves from its roots as a small, friendly wine country community to a full-bodied center for wine and food at the heart o...
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Angelo Gordon Venture Spends $33 Mil on Glendale Office Property 8/16/07 A sizable office buy recently closed in LA's Tri-Cities area, as a venture of Angelo Gordon & Company and Cambra Realty has purchased Glendale Financial Square, a 122.4k sf office property located at 225 West Broadway in Gle...
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Chase Partners Spends $43 Mil on Torrance Office Asset 8/16/07 A 250k sf office building in the 190th St Corridor in LA's South Bay changed hands at a price of $43 mil, or around $172/sf. The building, located at 20101 Hamilton Ave, in the city of Torrance, was acquired by LA-based Chase...
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SF Firm to Build to Data Center Hub in Quincy, WA 8/15/07 San Francisco-based Base Partners Inc, an advisor and developer of customized data center properties, is currently under contract to acquire a 70-acre development site in Quincy, WA, a rapidly growing data center hub. The sit...
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First Industrial Collects $46 Mil from Santa Ana Sale 8/14/07 A venture of OC-based Greenlaw Partners and Commonfund Realty Inc has acquired a 366.6k sf industrial facility located at 2001-2007 E. Dyer Rd in Santa Ana for $46.5 mil ($127/sf). The property, located in the heart of the Ir...
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Arizona Development News 8/14/07 Morrison Ranch Business Park LLC selected Birtcher Development & Investments and Lunsford Group to develop Morrison Ranch Business Park, an 8.2 msf business park in Gilbert, AZ. The project, which will consist of office and i...
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Bixby Collects $18 Mil from Scripps Ranch Corp HQ Sale 8/13/07 In this report we'll review three recent San Diego-area office sales, ranging from just over $6 mil up to almost $18 mil. The deals took place in Scripps Ranch, Mira Mesa and the Hillcrest area, nearer to the city center.
In...
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First Industrial Closes on Sharp $77 Mil Kearny Mesa Buy 8/13/07 First Industrial Realty Trust, the big industrial real estate landlord, has acquired a 424.8k sf warehouse and distribution facility at 4000 Ruffin Rd in Kearny Mesa for $77 mil ($181/sf). The fully occupied facility is home...
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Large Space Users in Ontario Willing to Pay More Rather than Head East 8/10/07 A pair of recent lease renewals in Ontario underscores the desire by many large space users in the region to remain in the western Inland Empire, as opposed to moving further east. In these latest signings, Evenflo renewed fo...
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NoCal Deal News 8/10/07 SAN FRANCISCO (San Francisco County) – Irvine-based LBA Realty has acquired an 82.8k sf office building at 600 East Townshend, in San Francisco's South of Market Showplace Square District, for $26 mil ($314/sf). The property,...
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Centra Acquires Vegas Site for Business Park 8/09/07 Centra Realty Corporation, an Irvine-based real estate developer, recently purchased 5.78 acres of vacant land in the Hughes Airport Center for $5.5 mil ($22/sf). The land will be sued to develop 740 @ Hughes Airport Center, ...
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New Office Project to Provide Gateway to Master-Planned Oxnard Community 8/09/07 Construction of a new 73k sf office project in Oxnard has just gotten underway. The development, called RiverPark Gateway, will consist of eight buildings on 6.5 acres located adjacent to Hwy 101. The project is being develop...
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Sorrento Valley Research Park Trades Hands for $24 Mil 8/08/07 Sycamore Creek Research Park, a three-building, 80k sf office/scientific research park in Sorrento Valley, sold for $23.7 mil ($296/sf). The asset consists of a 25.8k sf, two-story office building at 10675 Sorrento Valley Rd,...
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Hines Buys One Wilshire for $287 Mil 8/08/07 Texas-based Hines Real Estate Investment Trust just acquired One Wilshire, a high-rise at the corner of Wilshire and Grand, which includes a distribution hub for international electronic communications. The 664k sf tower, bui...
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LA Landmark Sale is a Knock-Out 8/07/07 By Allen Wolfsheimer
In news of a major commercial real estate sale in the LA area, boxer Oscar De La Hoya's Golden Boy Partners has agreed to purchase the landmark Sears, Roebuck & Company in the Boyle Heights area, just ea...
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Big Blue Takes Big Space at Parkside Towers 8/07/07 In a sizable Bay Area office lease, IBM has agreed to a deal for 60k sf at Parkside Towers, located at 1001 East Hillsdale Blvd in Foster City. The big Fortune 500 firm will relocate operations currently housed at 577 Airport...
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Hillwood to Add 5.7 msf of Inland Empire Industrial Space by End of 2008 8/07/07 Hillwood, the Texas-based developer led by Ross Perot Jr, has big plans in the Inland Empire. By the end of 2008, Hillwood intends to complete a total of 12 industrial buildings totaling 5.7 msf in four different developments...
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