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May 28, 2020
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SOUTHERN CALIFORNIA NEWS
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• Burbank Office Project gets some RENTV Media Attention
8/28/03
Santa Monica-based M. David Paul Development has completed much of their Media Studios North office project, a 2.1 msf business campus in Burbank that boasts a host of great amenities, such as a health-club facility, a full-s...
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• CIM Still Shopping in Downtown Los Angeles
8/28/03
It looks like a couple of big downtown office properties that we mentioned in our “Properties on the Market” section in April's Downtown Los Angeles Hot Transactions report may be getting closer to trading. One of the propert...
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• Buchanan Bucks Buckle Up Financing Deal
8/27/03
Buchanan Street Partners (BSP), the Newport Beach capital source led by Robert Brunswick, recently closed three good-sized transactions, which comes right after the firm reported strong first half 2003 numbers. We'll start wi...
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• Sales Deals Keep Flowing in Orange County
8/27/03
The summer sales velocity in Orange County is staying strong, and we've got more than a half dozen recent closed purchases to let you know about. Starting in Santa Ana, Lend Lease Real Estate Investments sold the 192.3k sf C...
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• Anaheim Gets Another Building!!!
8/27/03
Tejas Partners, an Orange, CA-based developer, last week broke ground on a 50k sf office build-to-suit at 1551 Douglass Rd for Westwood College. Westwood, repped by John Harty and Greg Holm from Trammell Crow, signed a long-t...
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• State Agency Helps Keep Kearny Mesa Office Market Healthy
8/26/03
In a Kearny Mesa office lease, California's Department of Health Services agreed to an eight-year, $3 mil deal for 15.3k sf ($2.04/sf/mo) of space at 9555 Chesapeake Dr, a 60k sf Class B office/flex building. The building off...
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• $2 Mil Lease Electri-fies Santa Fe Springs Industrial Market
8/26/03
In a Santa Fe Springs industrial deal, ElectriGroup, a Sacramento-based manufacturer's representative of electrical equipment and supplies, inked a five-year, $1.86 mil lease for a 68.4k sf ($0.45/sf/mo) building at 14722 Ans...
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• University of Riverside Marketing Massive Moreno Valley Development Opportunity
8/25/03
For any of you out there on the lookout for a major development opportunity, the Regents of the University of California and the University of California, Riverside is selling the Moreno Valley Field Station, a 685-acre agric...
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• Travel Firm to Spend more Time at LAX Building
8/22/03
American Tours International, a global travel agency, has renewed their existing space for 34.4k sf at Skyview Center II, in the LAX area. The firm agreed to a 10-year deal, which includes continued building-top signage at th...
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• Investors Continue to Pursue Major LA-Area Office Properties
8/21/03
LA's office leasing market may still be sluggish, however, demand on the investment side seems to be growing. There have already been a number of major office sales in the Los Angeles area so far this year, including Arco Pla...
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• FedEx Delivers to their Own Melrose Place
8/21/03
We have a trio of industrial leases to report from Orange County, beginning in Irvine, where Dainippon Screen Engineering of America signed a five-year, $2 mil renewal for a 22.7k sf ($1.47/sf/mo) building at 17942 Cowan Ave,...
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• August 20, 2003 - Fountain Valley Business Up a River after $3 Mil Building Acquisition
8/20/03
Here's a quick review of a few industrial sales comps from Orange County. We'll start in Fountain Valley, where a pair of private investors paid $3.05 mil for a 34.1k sf ($89/sf) industrial building for their van sales busine...
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• LAUSD and a Neighborhood Coalition Dance at the Cocoanut Grove
8/20/03
The Cocoanut Grove Center Coalition, an organization formed this summer to advocate development of LA's Ambassador Hotel site that serves a broad range of community needs, told the Los Angeles Unified School District that the...
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• Covert Operations Sneak into Carlsbad
8/19/03
Senior Resource Group signed a five-year, $2.1 mil lease for 10.7k sf ($3.27/sf/mo) of office space at 500 Stevens Ave, west of I-5 and north of Via De La Valle in Solana Beach. Ron Miller of Burnham Real Estate Services repr...
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• NoHo is a Go
8/18/03
After decades of major setbacks in the effort by Los Angeles' Community Redevelopment Agency to re-vitalize the blighted commercial core of North Hollywood, the LA City Council unanimously approved J.H. Snyder Company's devel...
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• Sylmar Industrial Building Becomes Riverfront Property
8/18/03
Linzer Products Corporation, a leading manufacturer and supplier of painting tools and accessories, just acquired a 210.3k sf industrial building in San Fernando for $13.8 mil ($66/sf). The property, which is at 675 Glenoaks,...
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• Looks Like the Steelcase is Closed; Firm Signing $9 Mil Lease in Santa Monica
8/15/03
Here's an update on a few recent news pieces from LA's Westside, much of which was mentioned in our recently posted Hot Transactions report for West Los Angeles. This includes news about the former Continental Graphics site a...
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• Badda Bing! HBO Signs for 110k sf at Colorado Center
8/15/03
We just learned of a major Westside office lease that signed today, as HBO has taken the top two floors at Colorado Center's 2500 Broadway building, for a total of 110k sf in a 15-year deal. The big cable programmer, which we...
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• August 14, 2003 - New Oceanside Business Park to Break Ground Later this Year
8/14/03
In Oceanside, Orange County-based bkm Development Company paid $7.7 mil for a 37-acre parcel, east of College Ave, between Oceanside Blvd and North Ave. The buyer intends to construct a 529k sf industrial project to be calle...
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• August 14, 2003 - Family Partnership Wraps Up $5 Mil Buy of Sorrento Mesa Building for Kreiss' Sake
8/14/03
A 58.4k sf industrial building that currently serves as the corp HQ and distribution facility for Kreiss Enterprises, manufacturers of fine furniture, was purchased by the Aardema Family Partnership for $4.8 mil ($82/sf). Loc...
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