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• July 27, 2005 - Tenants Wrestle for Space in Bay Area Leasing Mack-Down
7/27/05
Office space in the Bay Area is definitely on the comeback trail, as rates have started to inch upward, and vacancies have begun to decline. One property owner in the area that can verify this is Mack-Cali Realty Corporation ...
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• Mohawk Cuts Deal for 849k sf Facility at ProLogis' Fontana Park
7/27/05
Mohawk Industries, one of the world's largest manufacturers and distributors of floor coverings and related accessories, has agreed to a long-term lease for an 849k sf build-to-suit distribution facility at ProLogis TransPark...
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• Rockwell Collins Inks Un-Commons Lease for Entire Tustin Office Complex
7/26/05
Communications and aviation electronics company Rockwell Collins will consolidate its Costa Mesa, Pomona and Tustin-based operations at Tustin Commons, after signing a 10-year lease for the entire 213k sf suburban office comp...
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• San Francisco Office Market Sees Strong Turnaround
7/26/05
Here's an overview of the rapidly improving office market in San Francisco, which has seen rents jump sharply in the past year, according to Grubb & Ellis, the national real estate services firm that put together this report....
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• EOP Gets an Earthlink to More Tenants
7/25/05
We brought you some news in the past few weeks (check exact date) of some leasing deals that closed at 10960 Wilshire Blvd, the 24-story, 576k sf high-rise owned by Equity Office Properties at the SE corner of Westwood Blvd. ...
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• July 22, 2005 - Financing Notes
7/22/05
HOLLIDAY FENOGLIO FOWLER: The Orange County office of HFF has arranged $32.7 mil in refinance money for two Las Vegas apartment communities, Spanish Wells and Shelter Cove Apartments. HFF's Don Curtis arranged the financing f...
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• LA Skyscraper Sales Reach New Heights
7/22/05
A couple of major downtown LA skyscrapers that we've recently reported about as in the process of being sold have actually traded hands. The buildings are Figueroa at Wilshire, the 1 msf tower at 601 S. Figueroa, and Aon Cent...
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• Lennar and LNR Announce Big Performance at Staples
7/21/05
Lennar, the Miami, FL-based national homebuilder has decided it wants a piece of the rapidly redeveloping downtown LA residential market and has teamed up with LNR Property Corp in a venture to purchase a four-acre parcel adj...
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• Parker to Develop Spec Office Project in San Bernardino
7/20/05
Aliso Viejo-based Parker Properties has broken ground on a twelve-building, 99.6k sf Class A spec office project in San Bernardino called Summit at Tri-City. The project will consist of eight single-story and four two-story b...
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• Archstone-Smith Acquires Fox Plaza in San Francisco
7/20/05
Archstone-Smith Operating Trust, a Colorado-based investment group, purchased Fox Plaza, a 30-story, 487.1k sf mixed-use, high-rise project in San Francisco. The transaction was valued at $147.5 mil, or around $303/sf.
The a...
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• VF Outdoor Inks Deal for 817k sf Facility in Visalia
7/19/05
VF Outdoor Inc, a subsidiary of VF Corporation (NYSE: VFC), has agreed to a long-term build-to-suit lease agreement for a new 817k sf distribution and logistics facility at The Allen Group's MidState 99 Distribution Center , ...
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• Financing Notes
7/18/05
BUCHANAN STREET PARTNERS: Buchanan Street Partners has secured long-term financing for the $61 mil Empire Towers Office Park, on behalf of a joint venture partnership of CIP Real Estate, as sponsor and investment manager, and...
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• $35 Mil Lease at Park Place is a Dunn Deal
7/18/05
Here's a little more info on a major OC office lease that we first mentioned in an article on RENTV about three weeks ago, that being Gibson, Dunn & Crutcher's deal for 83.7k sf of Class A space in a yet-to-be-built new build...
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• Shorenstein Looking at Mission Bay Development Site
7/15/05
Word is that San Francisco-based Shorenstein Company may be looking to develop its first office property in the city in almost 20 years. A recent piece in the San Francisco Biz Times says that the big office owner has inked a...
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• Legacy Picks Up $46 Mil in Irvine Office Assets
7/15/05
Legacy Partners has closed on a sizable Orange County office buy, having paid $46 mil for two Irvine assets, Alton Corporate Plaza and Von Karman Corporate Plaza, which contain a combined 280.5k sf ($164/sf) of space. The pro...
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• AEW Gets a Great Bayview
7/14/05
AEW Capital Management, on behalf of one of its institutional clients, has just closed a large OC office buy, having paid $117 mil for 100 Bayview in Newport Beach. The property consists of two granite-clad, six-story, office...
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• No R&R for LNR at Meridian
7/13/05
LNR Property Corporation recently closed three more land sales at Meridian, its new master-planned business park off I-15 in Riverside County, just outside the eastern edge of the city of Riverside. In these latest deals, Cli...
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• Trizec Top Bidder for Figueroa at Wilshire
7/13/05
It looks like Trizec Properties will soon be adding another of downtown LA's top high-rises to its portfolio. According to a recent piece from the LABJ, the NY-based REIT has won the bidding for Figueroa at Wilshire, the 1 ms...
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• Broadreach Extends into El Segundo with $20 Mil Buy
7/12/05
Broadreach Capital Partners LLC has picked up a 122k sf four-story office building in El Segundo for $19.6 mil ($161/sf). Located at 2151 Grand Ave, the property was purchased from BT Infonet, a subsidiary of British Telecom ...
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• Financing Notes
7/12/05
NEWMARK REALTY CAPITAL: Newmark Realty Capital's Mark Ritchie has arranged $137 mil in permanent financing for the first phase of The Water Garden, on behalf of the J. P. Morgan Fleming Asset Management, the property owner. T...
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