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• The Butler Did It!
7/15/04
Ask Jeeves Inc, the popular Internet search engine with the helpful butler, has signed a new lease to move its corporate headquarters to Shorenstein Company's 555 City Center in Oakland from its current location in Emeryville...
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• Canyon Johnson and New Pacific Put SBC Center on the Block
7/14/04
SBC Center, the three-building downtown Los Angeles complex formerly known as Transamerica Center, is on the market again, only about a year after it last traded hands. Actually, only two of the three buildings, at 1149 South...
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• Equity and Teachers Set to Close on $450 Mil Purchase of Colorado Center
7/13/04
It looks like Tishman Speyer has found a buyer for its 1.1 msf Colorado Center office campus in Santa Monica. According to various reports, a partnership of Teachers Insurance and Equity Office Properties has agreed to pay so...
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• Marketplace Properties Crosses Winery and Shopping Center in Rancho Cucamonga
7/12/04
Tustin-based Marketplace Properties has received Design Review Committee approval for its planned upscale neighborhood development at the southeast corner of Baseline Rd and Day Creek Blvd in Rancho Cucamonga. The project, lo...
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• Bloom's View of Ground Zero Events from the Left Coast
7/10/04
By Steve Bloom
For this native New Yorker, there is nothing better than a few spring days in the Big Apple, and my recent trip, along with the important 1776-foot tall Freedom Tower groundbreaking and cornerstone laying cere...
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• Central City Association Becomes 16th New Tenant this Year at 626 Wilshire Blvd
7/09/04
Central City Association, the downtown LA organization with over 450 member businesses, has inked a lease for 9.5k sf of space at 626 Wilshire Blvd, bringing the building's occupancy to 70%. This deal represents the 16th new ...
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• Garden Grove Buyer Invests till It Hurtts
7/08/04
It's time to catch up with more sales comps from Orange County, as we have for you information on eight deals from the region in this report. We'll start in Garden Grove, where an investor paid $9.7 mil, or about $62/sf, for ...
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• Principal and Commercial Ventures Look to Unload California Office Properties
7/07/04
Here's an update on couple of sizable California office listings to hit the market, pulled from recent pages of Real Estate Alert, the weekly investment newsletter. In one of the listings, Principal Office Investors, a ventur...
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• Is Mission Bay for Sale?
7/06/04
Catellus Development Corporation is reportedly entertaining offers to buy some or all of its huge 300-acre Mission Bay development in San Francisco. A recent article in the San Francisco Business Times reports that Catellus h...
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• Shidler Says Seaview Later to Sorrento Mesa Office Complex
7/06/04
Here's another big office property sale from San Diego County, as The Shidler Group, in partnership with Angelo, Gordon & Co, has sold Seaview Corporate Center in Sorrento Mesa for $92.1 mil. The 353.1k sf ($261/sf), four-bu...
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• Jamison Grabs Universal City Office Property
7/02/04
We've been reporting about a number of larger San Fernando Valley office properties to trade hands of late and here's news of another, as Jamison Properties purchased The Centrum, a 137k sf building in Universal City. Located...
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• Carpenters Have Only Just Begun
7/01/04
Southwest Carpenters Pension Trust (SPCT) has begun construction on Gateway Pointe Industrial Park, a 1.6 msf industrial project on a 70-acre site at the intersection of Workman Mill and Mission Mill Roads, in unincorporated ...
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• Shidler Flips La Jolla Galleria at 88% Mark-Up after 18 Months
6/30/04
The Shidler Group has sold the La Jolla Galleria, a 54.3k sf, four-level office and retail building at 7777 Fay Ave, between Pearl and Prospect Streets in La Jolla, which they had purchased about 18 months earlier. The buyer,...
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• Bay Area Properties on the Market
6/30/04
In this report we'll pass on news of a few major Bay Area properties that we've heard are on the market or currently under contract, but have not yet officially sold. We'll start with a downtown San Francisco property, that b...
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• Hopkins Set to Rock with Rockwood
6/29/04
Continuing with our reporting about players we had the chance to interview in Vegas at the ICSC Convention, we bring you news from Hopkins Real Estate Group, led by CEO Stephen Hopkins, who you will be able to see very soon i...
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• Broadway Comes to Wilshire Blvd
6/29/04
Broadway Real Estate Partners LLC (Broadway Partners), a NY-based real estate investment and management firm, has just purchased 9701 Wilshire Boulevard, a 12-story, 109.8k sf office building located in Beverly Hills. The ac...
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• Downtown LA Revival Heads East
6/28/04
It seems that more and more developers, investors and city boosters are taking the growing revival in downtown Los Angeles very seriously. And they're also taking it eastward. A couple of recent articles in the LA Times by Ro...
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• American Home Loans Expands Its Home in South Coast Metro Area
6/25/04
American Home Loans, a national mortgage lender, has inked a deal in Orange County's South Coast Metro area that will give them 50k sf of space at Equity Office Properties' Griffin Towers, a 540k sf office complex. The five-y...
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• RREEF Acquires San Jose Office Tower
6/24/04
160 West Santa Clara St, a 212k sf office building in downtown San Jose was purchased by RREEF Funds on behalf of an institutional client. The 15-story Class A office tower is located in San Jose's central business district, ...
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• Prentiss Properties Bets $18 Mil on a Bluff
6/24/04
A Prentiss Properties entity out of Dallas, TX has paid $17.7 mil for a 68.6k sf ($258/sf) Class A office property in Rancho Bernardo. Called The Bluffs, the four-story building is located at 16870 W. Bernardo Dr, south of Ra...
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