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March 28, 2024
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• Hovnanian Acquires New 404-Unit Avenue One Project in Irvine
3/22/06
Here's a clarification to a story that we reported a few days ago. New Jersey-based K. Hovnanian (NYSE: HOV) has purchased the entire 404-unit Avenue One, a luxury mid-rise condominium community, currently under development i...
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• Mitsubishi Tunes into 105k sf HQ Renewal in Irvine
3/21/06
Mitsubishi Digital Electronics America (MDEA) agreed to a four-year renewal for its 105k sf HQ space at 9351 Jeronimo Rd, at Alton Pkwy in Irvine. The four-year lease renewal, which commences in fall 2006, is said to be one o...
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• Triple Net Collects $10 Mil from Reno Warehouse Property
3/21/06
A 75.3k sf single-tenant warehouse property in Reno was acquired by a private investor for $10.6 mil ($141/sf). Located at 795 Trademark Dr, east of Hwy 395, the facility is fully leased by Avnet-Memec, one of the world's lar...
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• Westfield on a Roll in Southern California
3/20/06
Westfield Group, the world's largest shopping center owner, has big plans for Southern California. Not content to simply maintain and update its impressive roster of centers, the Australian firm has in recent weeks announced ...
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• Bristol Group Puts 4.55 msf Industrial Portfolio on the Market
3/20/06
Bristol Group Inc, a San Francisco-based real estate investment and development company, has decided to put a huge 4.55 msf portfolio of Class A industrial properties in SoCal on the market. Most of the properties are locate...
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• Pacific Office Properties Signs Arizona Agency to 99k sf at Phoenix Campus
3/17/06
Pacific Office Properties Trust, a private REIT owned by The Shidler Group, out of San Diego, has signed the Arizona Department of Economic Security to a 70-month, $9.52 mil lease for 98.9k sf ($1.38/sf/mo) of office space at...
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• MacFarlane Partners Heads Uptown for Oakland Venture with Forest City
3/16/06
MacFarlane Partners and Cleveland-based Forest City Enterprises have teamed up in a venture to develop the first phase of the Uptown residential project in downtown Oakland. MacFarlane, which is HQ'd in San Francisco, had bee...
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• Lennar Assembles A-Team for New Phase at Master-Planned Anaheim Development
3/16/06
Lennar Communities has acquired a land assemblage totaling 13.5 acres in the Anaheim Platinum Triangle. The newly acquired parcels, which will be part of Lennar's A-Town development, are located at the northeast corner of St...
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• Latest Episode of Bay-Watch has Sidley Austin Inking Big Expansion/Renewal Deal
3/15/06
Sidley Austin LLP, one of the world's largest law firms, has agreed to 15-year expansion/renewal lease for a total of 185.7k sf of office space at the Gas Company Tower, a Class A, 1.37 msf high-rise located at 555 W. Fifth S...
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• Growing Businesses Opt for Expansion Opportunities in Fairfield
3/15/06
The city of Fairfield has become a popular choice for many growing businesses in the Bay Area looking for more affordable space for expansion. For example, three of the 10 new buildings at Solano Commerce Center have already ...
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• Greyhawk Sailing Along
3/14/06
There's a lot of development activity going on these days in the eastern part of Carlsbad, along Palomar Airport Rd near Melrose Dr. Just a few days ago we reported that construction was underway at Concourse One at The Palom...
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• San Diego Apartment Market Continuing to Cool Down
3/14/06
Apartment sales volume in San Diego County fell for four consecutive quarters in 2005, signaling that the market may be correcting after nearly 10 years of record transaction activity and price increases. According to a new s...
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• Lowe Closes San Francisco Office Buy
3/13/06
Lowe Enterprises Investors has acquired a 121.6k sf office building at 300 California St, in the heart of San Francisco's financial district, on behalf of Consolidated Investment Group (CIG). The property, purchased from ATC...
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• Glendale High-Rise Trades for $140 Mil
3/13/06
ING Clarion, the NY-based real estate investment advisory firm, has closed on a major Glendale office buy, after paying roughly $140 mil for 500 N. Brand, a 419k sf ($334/sf) high-rise in the heart of the city's financial dis...
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• South Bay Auto Dealership Sells for $27 Mil
3/10/06
A private investor has acquired a newly developed 88k sf Class A auto dealership in the South Bay community of Carson for $27 mil ($307/sf). The property, which is located at 1505 East 223rd St, off Wilmington Ave and the 405...
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• NewMark Merrill Breaks Ground on Ontario Retail Center
3/10/06
NewMark Merrill Companies just broke ground last week on a new Lowe's-anchored power center in the city of Ontario. Called The Marketplace on Grove, the 207k sf mixed-use retail development is located at the southwest corner ...
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• Financing Notes
3/09/06
Holliday Fenoglio Fowler: Holliday Fenoglio Fowler has secured a $35 mil loan for BlackRock Realty on behalf of a client for Adagio at South Coast Apartments, a 349-unit multifamily property in Santa Ana. Located at 3124 Sout...
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• Intracorp Purchases $100 Mil Condo Complex in Downtown LA
3/08/06
Intracorp Southern California, through its affiliated company, Savoy Associates LLC, has acquired Savoy, the recently-completed 303-unit luxury residential development formerly known as Alexan Savoy in Downtown LA. The proper...
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• Construction of Kearny Mesa's First Office Tower is Started
3/08/06
Construction of Sunroad Centrum, a master-planned, 1 msf Class A office campus located within the 232-acre Spectrum business and residential community in Kearny Mesa, is underway as the developer, Sunroad Enterprises, just br...
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• Champion Adds to Its Collection
3/07/06
Champion Development Group, the LA-based developer, has closed escrow on a two-acre parcel in downtown Burbank and will begin construction next week on The Burbank Collection, the second phase of the Burbank Entertainment Vi...
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