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Vegas Office Investors can be In Like Flynn 12/03/04 Investors looking at taking a gamble on the Las Vegas office market might want to check out this listing that recently hit the market, for a 321k sf complex in the city's northwest area. The property, known as Flynn Gallagher...
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Orange County Office Market Displaying Some Specs Appeal 12/02/04 In a sign of good news for Orange County's office market, developers are looking to build new product in the region, as The Irvine Company has announced plans to move forward with development of 270k sf of new office space in...
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Catellus Collects $343 Mil from Sale of Non-Core Assets 12/02/04 San Francisco-based Catellus Development Corporation (NYSE: CDX) has sold off a major portion of the company's remaining urban and residential development assets to an affiliate of Farallon Capital Management LLC (“Farallon”)...
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Radio Broadcasting Firms Send Clear Signal in SOMA Office Lease Transactions 12/01/04 Pacific Union Commercial Brokerage's Mike Tobin is really tuned in to radio station clients in the Bay Area, as the veteran broker recently repped a couple of broadcasting firms in separate lease transactions in San Francisco...
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UnumProvident Signs $18 Mil Renewal at Glendale Plaza 12/01/04 UnumProvident, the largest provider of disability income protection in the US, has inked a long-term lease renewal in Glendale, restructuring their approximately 89k sf of office space at Glendale Plaza, the 24-story, 520k sf...
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Fully Leased 220k sf Long Beach HQ Fetches $13.4 Mil 11/30/04 Here's news of a fairly recent sale of a headquarters property fully leased to a credit tenant. It is the October 15th purchase by a private investor, Randy Kendrick, of 100 W. Victoria St., a 219k sf asset, for $13.375 mil, ...
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Informatica Inks Lease for Entire Redwood City Office Property 11/30/04 Informatica, a leading provider of data integration software, has inked a lease for the entire 160k sf Seaport Plaza office complex in Redwood City. The company will relocate approximately 550 employees from its current locat...
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Equity Makes an Executive Decision in La Jolla 11/29/04 Here's a quick follow-up to a big San Diego office sale we reported was in the works a couple of weeks ago, as Equity Office Properties has closed on its purchase of La Jolla Executive Tower, a a 228k sf office building at 42...
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MacFarlane and Standard Pacific to Develop Pair of SoCal Condo Projects 11/24/04 MacFarlane Partners and Standard Pacific Corp have teamed up in a pair of joint ventures to develop two condo projects in Southern California. The projects, one in downtown Pasadena and the other in Playa Vista, will cost a c...
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Sheppard Leads South Coast Plaza Tower to 92% Occupancy 11/23/04 The law firm of Sheppard, Mullin, Richter & Hampton inked a long-term renewal/expansion lease for 55k sf at The Offices of South Coast Plaza, bumping up their space by additional 10k sf. They will continue to occupy the third...
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Vacant Costa Mesa Industrial Park to Be Converted to Condo Units 11/22/04 A vacant 162.1k sf Costa Mesa business complex was acquired by BKM Development Company to be converted into 19 industrial condos for sale or lease The property, which sold for $13 mil ($80/sf), is located at 3189, 3191 and 31...
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Essex Spends $190 Mil in California 11/19/04 Essex Property Trust (NYSE:ESS), the Palo Alto-based apartment REIT, has recently closed on two California property acquisitions for a combined 985 units and a total price of $190.5 mil. One of the acquisitions was a $130 mil...
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Investors Make $14 Mil "Value-Added" Buy for Irwindale Business Park 11/19/04 San Diego-area investors have acquired the fully-occupied Irwindale Business Park, a four-building, 127.6k sf at 5312-5358 Irwindale Blvd in Irwindale. The complex, which sold for $14 mil ($110/sf), is situated on 11 acres ne...
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November 18, 2004 - Sares•Regis Group and RREEF Break Ground on 1.1 msf Industrial Development 11/18/04 Sares•Regis Group (SRG) has teamed up with RREEF Real Estate Investment Managers to develop Rialto Commerce Center I & II, a multi-phased industrial development in the Inland Empire city of Rialto. The project's current plans...
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DDR to Add Extended Stay Hotel at the Pike at Rainbow Harbor 11/17/04 In another boost to waterfront redevelopment efforts in Long Beach, Kansas-based LodgeWorks LP has agreed to open a 97k sf Sierra Suites “extended stay hotel” at the Pike at Rainbow Center, the 369k sf retail/entertainment co...
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Hammer Nails another Big San Diego Condo Conversion 11/16/04 Condomania continues to overtake investors and developers across San Diego County, as we've got three more sizable conversion projects to report, in Oceanside, Carmel Valley and in the Normal Heights part of the city of San D...
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Burnham Provides Broe-fessional Representation in $15 Mil San Diego Office Sale 11/16/04 Fourth Avenue Corporate Center, a 91.2k sf office building located at 1551 Fourth Ave in downtown San Diego has been sold for $15.15 mil ($166/sf). The seller, Broe Real Estate, is an affiliate of The Broe Companies, a 32-yea...
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Jamison Goes on $135 Mil Shopping Spree at California Market Center 11/15/04 Jamison Group, the privately held office property owner led by Dr. David Lee, is about to purchase another major LA property, that being the 1.8 msf California Market Center complex at Los Angeles and 9th Streets in the heart...
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Kearny Mesa Office Complex Trades Hands for $26 Mil 11/14/04 A CB Richard Ellis Realty Trust subsidiary paid $26.5 mil for the REMEC Corporate Campus, a four-building, 132.7k sf ($200/sf) office and R&D complex in Kearny Mesa. The property is on 10.54 acres at 9404 Chesapeake Dr and 57...
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M. David Paul Says Yahoo! 11/12/04 Overture Services, a subsidiary of Internet giant Yahoo!, has inked a major office lease with M. David Paul & Associates for space in two yet-to-be-constructed buildings at the developer's Media Studios North campus in Burban...
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