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May 28, 2020
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SOUTHERN CALIFORNIA NEWS
Archive
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• Orange County Industrial Leases
11/19/03
It's never easy finding industrial space in Orange County, and despite the recent economic sluggishness, now is not an exception. And when quality vacancies for lease are tough to come by, tenants are more inclined to renew, ...
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• Investment Group Pays $22 Mil for B of A Building in Beverly Hills
11/19/03
The 87.6k sf Bank of America Building at 9440 Santa Monica Blvd in Beverly Hills' famed Golden Triangle has been sold by Douglas Emmett & Company for $21.9 mil ($250/sf), to IRP Beverly Hills Associates, a limited liability c...
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• Prime Pacific Delivers Nice 144k sf Package to FedEx
11/18/03
FedEx Corp has inked a lease for about 60% of the former Western Regional distribution center for Gap Inc in Ventura, a 240.6k sf facility at 5198 Colt St that was recently purchased by LA-based Pacific Prime Properties. FedE...
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• Northrop Grumman Jumps Off De-Fense and Signs $100 Mil Renewal/Expansion Lease
11/18/03
Northrop Grumman Corporation has signed a renewal/expansion lease at their existing Century City HQ offices that ranks as one of the largest leases in West Los Angeles in the past year. The global aerospace and defense firm i...
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• Birtcher Investments Picks Up $14 Mil La Habra Industrial Park
11/17/03
Laguna Niguel-based BR Birtcher Investments LLC has acquired Lambert Palm Business Center, a 186.2k sf multi-tenant industrial business park located at 601-655 South Palm St, north of Lambert Rd in La Habra. The 11-building p...
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• Long Beach and Pasadena Get Good Grades in Historic Preservation
11/14/03
The Los Angeles Conservancy released its first report card grading the preservation efforts of the 89 local governments in Los Angeles County. Long Beach, Pasadena, Santa Monica, South Pasadena, West Hollywood and Whittier e...
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• Fenton Pays $15 Mil for Carlsbad Corporate Center
11/13/03
San Diego-based H.G. Fenton Company wrapped up another local investment after paying $15.3 mil for Carlsbad Corporate Center, a two-building, 150.7k sf ($101.50/sf) industrial complex in Carlsbad, along with an adjacent 8.27-...
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• Malibu Biotech Firm Surfs over to Conejo
11/12/03
Trading in the waves and nice sunsets, Malibu-based biotech company CERES Inc in October announced it had signed a lease for a 49k sf R&D building in Conejo Spectrum, a 100-acre master-planned technology business campus. Acco...
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• Who Will Make Grand Avenue Grand?
11/12/03
It's now beginning!! Hot off the momentum of the opening of the Walt Disney Concert Hall, the Los Angeles Grand Avenue Authority, established through a joint powers agreement between the Community Redevelopment Agency of the ...
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• Comerica Makes a Long-Term Investment at The Atrium
11/11/03
In a very positive sign for the office market in El Segundo, Comerica Bank inked a long-term lease for 64k sf at Continental Development Corp's most recent office project, The Atrium at Continental Park. The classy 290k sf de...
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• Aetna Finds Safe Arbor in Thousand Oaks
11/11/03
Aetna Life Insurance Company will relocate from Simi Valley to Thousand Oaks, after signing a seven-year, $5.7 mil lease for 34k sf ($2/sf/mo) of office space in the second building at The Arbors, a Class A business park. Loc...
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• Investment Group Pays $12. 4 Mil for Rancho Bernardo Office Building
11/10/03
Rancho Bernardo Financial Plaza, a 71.3k sf three-story office building in Rancho Bernardo, was purchased by Sunroad Centrum, an entity of Sunroad Enterprises LLC, for $12.4 mil ($174/sf) as part of a 1031 exchange. The selle...
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• November 10, 2003 - Principal Life Plunks Down $100 Mil in Hazard Pay
11/10/03
In a major San Diego sale from a couple of weeks ago, an investment group affiliated with Principal Life Insurance paid $100 mil for Hazard Center, a 404.5k sf ($247/sf) mixed-use complex at 7510-7676 Hazard Center Dr in Miss...
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• Investor Spends $28 Mil on Four Buildings at LA Media Tech Center
11/07/03
A private investment group has acquired four of the seven buildings that make up Los Angeles Media Tech Center, a three-year-old master-planned business park in the Glassell Park area of Los Angeles. The four buildings, locat...
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• Smith Barney Earns a 10-Year Stay at the La Jolla Galleria
11/07/03
It's only been a couple of weeks since we posted our mammoth-sized San Diego Hot Transactions report and we're already getting inundated with more deal news from the county. Things have really heated up down there and we'll u...
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• Newport Beach Investment Group Nabs $14 Mil Cypress Office Property
11/06/03
TA Associates Realty, Newport Beach-based private investment group, acquired Plaza PacifiCare, a 17-year-old, 109.2k sf office property at 5995 Plaza Dr, north of Katella Ave and west of Valley View St in Cypress. The five-st...
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• The Alhambra Gets a New Tenet and Sypris to Grow in San Dimas
11/05/03
In what is being reported as the largest office lease in the San Gabriel Valley so far this year, Tenet Healthcare Corp has inked an expansion/renewal deal that brings their total space up to 91k sf at The Alhambra, the 900k ...
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• Howard Hughes Gets Longevity
11/05/03
Arden Realty and its Howard Hughes Center get top billing in this piece on recent Westside lease transactions with two new deals getting signed at two different buildings at the business park, which now contains 1.4 msf of of...
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• Chicago Firm Grabs $11 Mil Distribution Facility in Redlands
11/04/03
Kensington Realty Advisors closed on a substantial investment in the Inland Empire, as the Chicago-based firm paid $11.6 mil for a 289.7k sf ($40/sf) distribution facility at 1898 Marigold. The property is within the Redlands...
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• Juices Flowing In Mid-Size OC Leasing Market
11/04/03
Below you'll find a batch of recent Orange County leases for office space in the 10k to 30k sf range, mainly in the two OC CBDs of Irvine and Anaheim. Not huge deals, as compared to some of the mega deals the county has seen ...
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