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• Seventh Street Sells Seven Buildings
12/26/07
Industrial buildings in the Inland Empire must be on a lot of Christmas wish lists, as reported end-of-year sales have been higher than some expected. In just the past 30 days, Long Beach-based Seventh Street Development has ...
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• Kearny and Morgan Stanley Chalk Up $60 Mil in Sales at South Bay Biz Park
12/26/07
Activity has been brisk at Kearny South Bay Business Park, the 42-acre office and industrial complex in Torrance that Kearny Real Estate Company acquired last year in a partnership with Morgan Stanley Real Estate Fund V. To d...
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• New Pacific Sails into Beverly Hills’ Golden Triangle with $10 Mil Buy
12/26/07
A unique mixed-use property in Beverly Hills recently traded hands in a transaction with a hefty price tag of roughly $1,000/sf. The property, a two-story, 10.2k sf building at 9399 Wilshire Blvd, a block east of Beverly Dr, ...
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• New San Diego Office Condo Project is 65% Sold
12/21/07
Just six months after completion of construction, Metro o Work, an 80k sf building featuring one of San Diego's hottest restaurants and 28 office condominium units, is 65 percent sold. The upscale project, developed by Berkso...
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• Voit Sells 15 Acres at Waterman Business Park for 200k sf Office Campus
12/21/07
Owner/users are finding economical development opportunities within major new business park campuses in the Inland Empire. In just announced news, the California Housing Foundation acquired 15 acres of land at Waterman Busine...
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• Culver City Retail Property Sells for $20 Mil
12/20/07
A 50k sf retail /office property in Culver City traded hands in a $20 mil transaction, or about $400/sf. The two-story building, known as Culver Plaza, is situated on a 42k sf lot at 9901 Washington Blvd, about half a dozen b...
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• Inaugural CoreNet Global REmmy Awards a Red-Carpet Success
12/20/07
The SoCal chapter of CoreNet Global recently put on one of the livelier industry events we’ve seen in some time as the organization held its First Annual REmmy Awards program on December 6 at the Warner Bros. Studio Lot in Bu...
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• New Lake Elsinore Project to Be Built the Fairway
12/19/07
A new 18-acre, 20-building business park in Lake Elsinore is slated to get underway in February 2008. The project, Fairway Business Park, is tailored to satisfy what project officials say is a void for a “wide range of option...
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• Owner-Users Swoop Down on GreyHawk Buildings
12/19/07
A new Carlsbad industrial/R&D development is enjoying continued interest from owner-users in the area, as two more buildings just traded hands, bringing the total number sold to 12 out the 28-building complex. The project, Gr...
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• Jamison Properties Picks Up 618k sf Downtown LA High-Rise
12/18/07
A 618k sf office tower in downtown Los Angeles was acquired by locally based Jamison Properties in a transaction valued near $185 mil ($300/sf). The building, 1055 W. Seventh St, was sold by Bristol Properties, a San Francisc...
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• Cushman & Wakefield to Acquire Burnham Real Estate
12/18/07
Cushman & Wakefield, reportedly the world’s largest privately held commercial real estate services firm, has reached an agreement to acquire Burnham Real Estate, which has operated as San Diego’s largest, independent commerci...
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• Rexford Redevelops Sylmar Property
12/18/07
A 113.5k sf industrial building in the northeast San Fernando Valley has been converted into a state-of-the-art multi-tenant complex by Rexford Industrial LLC, a privately owned real estate firm. The property, at 15148 Bledso...
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• Medical/Office Condo Buyers in Santee can Enjoy RiverView
12/18/07
Ryan Companies just completed a six-building, 63.5k sf medical/office project, which represents phase II of RiverView at Santee, a 108-acre master-planned business park. Upon full build-out, the campus is expected to contain ...
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• New Camarillo Office Condo Project is 50% sold
12/18/07
Sales at a recent 36.7k sf office condo project in the Conejo Valley have reached the 50% mark, as units are being snapped up by both medical and traditional office users. The project, Camarillo Office Condos, is located at 4...
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• SoCal Outlook for 2008 Calls for Steady, but Slower Growth
12/17/07
With the new year just around the corner, it’s that time when some of the leading industry organizations offer their outlook for the coming 12 months. One of the top commercial real estate institutions in Southern California ...
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• Developers Finding Industrial Infill Opportunities East of Downtown LA
12/17/07
Developers continue to seek out infill sites or redevelopment opportunities for new industrial projects east of downtown Los Angeles and into parts of the San Gabriel Valley. In a recent example, First Industrial Investment p...
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• Kilroy has a Pardee with 23-Acre Development Site in Del Mar Heights
12/14/07
A 23-acre site in San Diego’s Del Mar Heights submarket, said to be the last developable parcel of land in the area, was acquired by Kilroy Realty Corp for $87.9 mil ($87/sf). It was sold by Pardee Homes, the LA-based home bu...
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• Construction Underway on Valencia’s First LEED-Certified Office Project
12/14/07
Construction on an exciting new office project in the master-planned Valencia area has reached the mid-point, with completion scheduled for mid-April 2008. Called Summit Oaks, the $25 mil building is being developed by Aliso ...
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• Don’t Bother Me – I’m Building More Office Space
12/14/07
The Orange County office of Holliday Fenoglio Fowler L.P. (HFF) arranged a $31.02 mil construction loan for the development of a 90k sf office building on the campus of Carl Karcher Enterprises Inc in Anaheim. Carl Karcher E...
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• TDC Ringing in the New Year with $150 Mil of 4th Quarter Deals
12/13/07
It’s been a very active month and a half for Torrance-based Transpacific Development Company, as the company completed the acquisition and disposition during this time of several properties containing a total of about 922k sf...
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