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Mechanix Wear HQ Building a Fashionable Addition in Valencia 11/28/07 A new $11 mil world headquarters and distribution center for Mechanix Wear, a high-performance glove marketer prominent on the NASCAR circuit, has been unveiled and occupied in Valencia. The structure is distinguished by a dr...
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Fontana Site Acquired for 1.2 msf Industrial Development 11/28/07 A 62-acre site in the Inland Empire city of Fontana was recently acquired by a development partnership planning to add over a million sf of new industrial space to the region. The land, situated just minutes from the I-10 and...
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Entertainment Firm Leases Lions’ Share of Santa Monica Office Building 11/27/07 Santa Monica’s pricey Media District area continues to draw many of the big entertainment industry firms, as evidenced by this latest expansion deal by Lions Gate Entertainment. The independent producer and distributor of mot...
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Poway is the Right Way for New Hotel Investment 11/27/07 Demand for hotels throughout Southern California continues to be very strong. In a very recent investment/development deal, Somera Capital Management LLC acquired the existing 2.9-acre Hampton Inn & Suites development in Powa...
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Chubb and Psomas Take 130k sf at City National Plaza in LA 11/26/07 Thomas Properties Group recently completed two very notable lease transactions, signing Chubb Insurance for 92.6k sf and Psomas for 41.2k sf at City National Plaza, the former Arco Plaza complex in downtown Los Angeles. Sinc...
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Investor Exchanges $22.5 Mil for Glendale Exchange Property 11/21/07 A parcel that is viewed as a key part of the City of Glendale’s long-term vision for a mixed-use urban village epicenter recently traded hands. The 1.44-acre site, which houses a 92.2k sf retail and office project called the ...
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Sperry Van Ness Expanding Globally 11/21/07 Although this may be considered a more volatile time for commercial real estate by many, that hasn’t stopped one brokerage firm from aggressively expanding into additional US markets and internationally. The firm, Irvine-base...
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Equinox Works Out $33 Mil South Bay Lease 11/20/07 Here’s news of a interesting lease that could help pump up activity in Hawthorne, as Equinox, one of the country’s bigger fitness center chains, inked a 30-year deal for 45k sf of space at 5400 Rosecrans Ave, a two-story, con...
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Former Newspaper HQ Stars in Ventura Sale 11/20/07 An affiliate of Pacific Properties Group Inc has closed on its purchase of a 60k sf office building on eight acres of land in Ventura, for an undisclosed amount. The property is located at 5250 Ralston St, on the north side ...
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Downtown LA Skyscraper Reports Flurry of New Signings 11/19/07 A spate of seven recent lease signings have filled an additional 137k sf of space at Figueroa at Wilshire, the 50-story, 1 msf Class A office tower located at 601 S. Fig. Three of the leases, totaling over 64k sf, are with co...
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CIM to Add a Lot to The Lot 11/19/07 CIM Group is preparing for the start of construction in 2008 of a 400k sf, four-building addition to The Lot, the former Warner Hollywood Studios on Santa Monica Blvd in West Hollywood. The LA-based firm acquired the property...
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Irvine Manufacturing Facility Sells for $10.6 Mil 11/19/07 A 62.6k sf manufacturing facility located at 16912 Von Karman Ave, on the south side of Barranca Pkwy and east of the 55 Fwy in Irvine, sold for $10.6 mil ($169/sf). The free-standing manufacturing building, located near the ...
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Giant 1.7 msf Industrial Facility Absorbed by Whirlpool 11/16/07 By Allen Wolfsheimer
New distribution facilities in the Inland Empire keep getting bigger and bigger, as evidenced by the latest such building to come on line – the Perris Distribution Center, a whopping 1.7 msf structure de...
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Rug Importer to Cover Up 4-Acre LA Site with New HQ Facility 11/16/07 G. A. Gertmenian & Sons recently broke ground on a 150k sf corporate HQ facility in the Lincoln Heights area of Los Angeles. The structure, situated on a four-acre site at 300 W. Ave 33, just north of downtown Los Angeles and...
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Stirling Begins Work on New 296k sf SoCal Logistics Facility in Victorville 11/15/07 Stirling Capital Investments has begun construction on a 296k sf Class A distribution building on 17.48 acres at the Southern California Logistics Centre (SCLC) in Victorville. Completion of the facility is anticipated for th...
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Kroger Agrees to $207 Mil Deal for New Dist Facility in Paramount 11/15/07 In what is one of the largest industrial leases ever in LA’s Mid-Cities area, The Kroger Co, the Cincinnati, OH-based parent company to several supermarket brands across the country including Ralphs and Food 4 Less, just sign...
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Public Storage Cooks Up Tasty Palm Springs Deal with Mesquite 11/15/07 And in Palm Springs, Public Storage acquired Mesquite Self-Storage, a 107.9k sf facility located at 1000 S. Gene Autrey Trail. Mesquite Self-Storage is a modern, Class A, institutional-quality self-storage facility with an ex...
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1031 Exchange Investor Exchanges into Hawthorne Exchange 11/14/07 An Orange County investment entity purchased Hawthorne Exchange, a 60.5k sf regional shopping center located at 2831-2909 W. 120th St in the heart of Hawthorne, for $25.25 mil ($417/sf). The property is situated on the northe...
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Meridian Sees Value in $9.3 Mil Buy of The Arbors in Santa Ana 11/14/07 Meridian Value Partners recently closed on a newsworthy office buy in Santa Ana, after paying $9.3 mil for The Arbors, a two-building, 50.8k sf ($183/sf) multi-tenant property at 2101 E. Fourth St, just north of the confluenc...
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$43 Mil the Final Cost to Save the Queen 11/14/07 A group of investors called “Save the Queen,” completed their $43 mil acquisition of the leasehold of the Queen’s Seaport site in Long Beach. The buyer plans to operate the historic Queen Mary ocean liner on the site and rede...
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