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• City of Rialto has a Lot of Bratz after $23 Mil Sale
7/11/05
A 435k sf Inland Empire distribution facility was purchased by MGA Entertainment, a Van Nuys-based toy maker, for $23 mil ($53/sf). The building, which is part of Sares*Regis Group's four-building, 89-acre Rialto Commerce Cen...
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• Meruelo Maddux Acquires Downtown LA Building for Residential/Retail Conversion
7/08/05
Meruelo Maddux Properties has acquired the Union Bank & Trust Co building in downtown Los Angeles and plans to convert the historic building into a mixed-use project that will contain a mix of residential condominiums, apartm...
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• New Clippers Facility is a Slam Dunk for Playa Vista
7/08/05
Residential and office developers at Playa Vista can expect a new property type in the mix before too long in this huge master-planned community on LA's Westside, as the Los Angeles Clippers have purchased a two-acre site, on...
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• Hines and Sterling Buy Four Bay Area Properties from EOP
7/07/05
Sterling American Property Inc and Hines have teamed up in a joint venture acquisition of four Bay Area office properties, containing a total 1.36 msf of space in six buildings, from Equity Office for $329 mil ($241/sf). Thi...
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• Investors Pick Up OC Office Properties
7/07/05
Irvine Technology Center I & II, a 251.6k sf office/R&D park, traded hands at a price of $59.5 million, or about $236/sf. The complex sits on almost 19 acres at the corner of Jamboree and Campus, near the 405 and 73 freeways ...
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• First Industrial Nabs 135k sf Facility near Burbank Airport
7/07/05
First Industrial Realty Trust recently acquired an industrial property in the eastern San Fernando Valley, having paid $14.5 mil for a 135k sf ($107/sf) facility at 2980 San Fernando Blvd, between Hollywood Way and the I-5 in...
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• Equity Acquiring $263 Mil of Properties from Basin Street
7/06/05
In a major North Bay transaction, Equity Office Properties is acquiring 1.4 msf of office properties throughout Sonoma and Marin counties from Basin Street Properties, one of the largest developers of commercial and mixed-use...
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• Palomar Pomerado Health Picks Up Rancho Penasquitos Site
7/06/05
Palomar Pomerado Health (PPH) has purchased the 4.46-acre Maranatha Christian Schools site at 12855 Black Mountain Rd, adjacent to Highway 56 in the Rancho Peñasquitos community. The price was $6.9 mil ($35.50/sf).
The prope...
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• July 5, 2005 - $35 Mil a Lofty Price for Gaslamp District Mixed-Use Development
7/05/05
A joint venture between Del Mar Pacific Group LLC and Loma Corporation has purchased The Lofts at 777 Sixth Avenue, a mixed-use development located in the heart of the Gaslamp District in Downtown San Diego. The property, whi...
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• The Buzz Over Riverside
7/05/05
By Steve Bloom
It is often the case that a place develops an image that is tough to shake, but many times rebirth and rejuvenation are taking place and the image is just too slow to keep up. That is definitely the case with ...
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• Financing Notes
7/05/05
NEWMARK REALTY CAPITAL: Peter Welsh and Bahman Mirhashemi of Newmark Realty Capital arranged $56 mil in acquisition financing for the Tropicana Center, a 578k sf power center located at Tropicana and Pecos in Las Vegas. Built...
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• Transwestern to Develop Spec High-Rise in Irvine
7/01/05
Prospective tenants nosing around Irvine for what has been a declining amount of available top-notch office space will soon have a new Class A tower to add to their list of building candidates. That's because Transwestern Com...
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• McLane Takes 29-Acre Site at LNR's Meridan
7/01/05
McLane Food Services, a wholly owned subsidiary of Berkshire Hathaway Inc (NYSE:BRK), is relocating its Southern California operations within the Inland Empire, from Ontario to Riverside. McLane purchased a 29-acre lot at Mer...
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• Jamison Spends $68 Mil Shopping at Del Amo
6/30/05
There were a couple of very notable office property sales in the South Bay community of Torrance, as both Jamison Properties and Amstar Group recently closed on acquisitions in the area, with a combined value of about $88 mil...
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• East Bay is on the Way
6/30/05
Here's a mid-year overview of the of the office market in the East Bay, which is showing significant signs of improvement. The report is provided to us by the folks at BT Commercial Real Estate, one of the biggest commercial ...
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• Biosite Buys a Site in Sorrento Mesa
6/30/05
Biosite Incorporated (Nasdaq:BSTE) has purchased 17.7 acres of land located near the southwest corner of Camino Santa Fe and Mira Mesa Blvd, within H.G. Fenton Company's Fenton Technology Park in Sorrento Mesa. Biosite paid $...
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• Portofino Promises Pomp in Pomona
6/29/05
A new affordable senior housing community is about to get underway in the city of Pomona. AMCAL Multi-Housing, out of Agoura Hills, will celebrate a groundbreaking for the new project, called Portofino Villas, on Wednesday, J...
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• Riverside Grows Its Own Grove
6/29/05
It looks like developers in the Inland Empire will build their own version of The Grove in the city of Riverside. Unlike the wildly popular retail/entertainment development that Rick Caruso built in LA's Fairfax area, this Gr...
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• Recent Deals Fill 140k sf at Westwood Tower
6/28/05
Four recent leases for almost 140k sf have brought the 576k sf Class A office tower at 10960 Wilshire Blvd to over 75% leased. These latest deals were with Sony Pictures Entertainment (77k sf), InfoSpace (25.1k sf), the law f...
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• Carson Office Building Trades for $25 Mil
6/28/05
Centre Pointe LLC, a Santa Barbara-based private investment group, purchased Centre Pointe, a 184.4k sf office/flex business park in the city of Carson. It was sold by Westcore, out of San Diego, in a transaction valued at $2...
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