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March 28, 2024
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SOUTHERN CALIFORNIA NEWS
Archive
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• Birtcher Anderson Closes Big OC Office Buy for GE Asset Management
9/28/07
OC-based Birtcher Anderson Realty has acquired Orange City Square, a 386k sf office/retail property in the City of Orange, on behalf of Stamford, Conn-based GE Asset Management. It was sold by Springfield, Mass-based Massachu...
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• Younan Continues Its March into Texas
9/27/07
Younan Properties, the LA-based real estate investment firm that completely sold off all of its SoCal holdings some time ago, continues in its mission to become the biggest office landlord in Houston with another notable buy....
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• Oltmans to Construct Living Spaces in the Valley
9/27/07
The final metal building at what was formerly General Motors' largest auto plant on the West Coast is being replaced by a $20 mil state-of-the-art warehouse and showroom for Living Spaces Furniture, the building's owner. The ...
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• BioMed Signs Fine Artes Deal in Sorrento Mesa
9/27/07
In Sorrento Mesa, Halozyme Therapeutics took 48.7k sf of laboratory and research space in Sorrento Valley after agreeing to a 66-month, $8.5 mil ($2.64/sf/mo) deal. The combination sublease and direct lease is at 11388 and 11...
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• Lamborghini Drives OC Investment Market with $9 Mil Buy
9/26/07
Lamborghini Orange County has acquired a two-building, 36.2k sf industrial project at 2441 Pullman St and 1701 Carnegie Ave, south of Warner Ave and on the east side of the 55 Fwy in Santa Ana, for $9 mil ($249/sf). The legen...
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• Kearny and Morgan Stanley Begin Work on Hawthorne Biz Project
9/25/07
A venture of Kearny Real Estate Company and Morgan Stanley Real Estate Fund V has started construction on a 21-building, 203k sf industrial project within Kearny's Century Business Center, a 2.3 msf office and industrial camp...
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• Borax Santa Clarita Office/Lab Property Sells for $26 Mil
9/25/07
In a sizable investment buy in Santa Clarita from a few weeks ago, Brentwood Capital Partners purchased a 117k sf office/lab property at 26877 Tourney Rd, north of Valencia Blvd and east of I-5, for $26 mil ($222/sf). The p...
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• Brookfield Properties Wins Three Awards at Annual TOBY Event
9/25/07
Brookfield Properties walked away with three awards at the annual The Office Building of the Year (TOBY) Awards presentation put on by the Building Owners & Managers Association (BOMA) of Greater Los Angeles about a week or s...
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• Atlanta Buyer Takes $92 Mil Swing at El Rivino Golf Course
9/24/07
Atlanta-based Oakmont Industrial Group has acquired the 192-acre El Rivino Golf Course in the Crestmore area of San Bernardino County, along with surrounding properties in Rialto. The course is located at the northwest corner...
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• Hanover and JBS Partners Throw a Garden Party
9/24/07
Garden Plaza Partners LLC, a joint venture between Hanover Financial Company and JBS Partners of Newport Beach, has acquired Garden Plaza, a 67k sf eight-building office/medical/retail property at 27001 La Paz Rd, at the corn...
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• Silagi to Break Ground on Downtown Riverside Office Tower
9/21/07
Construction on a new 10-story Class A office tower in downtown Riverside, the first such project in the area in more than 17 years, is expected to get underway within the next couple of weeks, after having recently received ...
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• Sales Underway at Torrance Biz Park
9/21/07
Sales are underway at Torrance Matrix, a 24-building business park consisting of smaller, high-image buildings ranging in size between 5.9k sf and 8.3k sf. The project, a development of San Francisco-based AMB Property Corpor...
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• Financing Notes
9/20/07
Holliday Fenoglio Fowler: The Los Angeles office of Holliday Fenoglio Fowler (HFF) announced arranged joint venture equity and senior debt financing totaling $9.43 mil for Puente del Sol, a 49-unit multifamily complex in the ...
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• Philips Takes 230k sf at Moreno Valley Facility
9/20/07
Philips North America Corp signed five-year, $5 mil lease for 229.8k sf ($0.36/sf/mo) of space at Globe Distribution Center, located at 25300 Globe St in Moreno Valley, for expansion of its regional distribution center. This ...
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• Fuji Foods Inks $10 Mil Lease for Santa Fe Springs Facility
9/19/07
Fuji Food Inc, a distributor of fresh, ready-to-eat sushi, has signed a 10-year, $10.3 mil lease for a 91.2k sf ($0.94/sf/mo) warehouse and office building in Santa Fe Springs. The building is located at 14420 Bloomfield, sou...
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• Kennedy Wilson Closes $131 Mil Thousand Oaks Office Buy
9/19/07
Beverly Hills-based Kennedy Wilson has closed on a large office property acquisition in Thousand Oaks, having paid $131 mil for The Oaks, a 354.3k sf ($370/sf), Class A office building in Thousand Oaks. The three-story facili...
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• Westcore Unloads Colorado Springs Properties for $35 Mil
9/18/07
An affiliate of Dallas-based Phoenix Property Co recently collected three buildings in the Briargate Business Complex in Colorado Springs, CO, from San Diego-based Westcore Properties. The buildings, which contain a total of ...
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• Meeker Building Becomes Stronger Redev Candidate after $3 Mil Buy
9/18/07
A 17.7k sf vintage art deco building in Long Beach, known as the Meeker/Baker Building, was acquired by October Five Development, a local developer for $3.125 mil ($177/sf). The property, located at the southeast corner of Pi...
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• Kearny Mesa Boasts Extremely Strong Investment Market
9/18/07
Here's a current snapshot of market conditions in San Diego's Kearny Mesa submarket, courtesy of CB Richard Ellis, which recently released their Kearny Mesa Mid-Year Report 2007. The report provides a detailed market overview...
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• Two More Arbors Added to Thousand Oaks
9/17/07
Sares-Regis Group recently completed construction on two office buildings, totaling 142.3k sf, at The Arbors of Thousand Oaks. Located at 2535 and 2560 W Hillcrest Dr, the new buildings were 100 percent leased before completi...
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