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May 28, 2020
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SOUTHERN CALIFORNIA NEWS
Archive
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• No Replicants at this Historic Property --Downtown Properties Buys Bradbury Building
7/30/03
The Bradbury Building, a historic office property in the heart of Los Angeles, has been sold by Bradbury Associates to Downtown Properties Holdings. Bradbury Associates' general partner was the late Ira Yellin, with Shamrock ...
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• July 29, 2003 - RREEFer Madness
7/29/03
RREEFF, the massive real estate investment manager, which is a division of DB Real Estate, part of Deutsche Bank, with $17.2 bil in pension fund real estate investments, is always buying and selling real estate, with much of ...
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• Surfwear Company Rides Investment Wave into 5-Acre San Clemente Site
7/28/03
There's been some industrial activity in Orange County to get caught up on, and in this report we'll review a number of recent sales, along with an interesting lease from the County. We'll begin with a sizable sale in La Palm...
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• Newhall Lands New Owners
7/25/03
Newhall Land & Farming Company, the 120-year-old landowner responsible for master-planning the community of Valencia, is about to be acquired by a Florida-based partnership that includes Lennar Corp, the nation's third larges...
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• New Management Takes Over at Upscale Del Mar Retail Center
7/24/03
DRA Advisors has awarded Burnham Real Estate Services the leasing and management contracts for Del Mar Plaza, an upscale retail and dining center overlooking the Pacific Ocean in Del Mar. The center is one of the most popula...
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• Carlsbad Business Park Fetches $28 Mil
7/24/03
The Carlsbad Gateway Center, a nine-building, 233.8k sf business park just north of McClellan Palomar Airport in Carlsbad, traded hands for $28 mil, or about $120/sf. Consisting of one Class A office building, five incubato...
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• BOMA Proves You Can't Fight City Hall
7/23/03
Finally, some good news has come out of LA's City Hall, as the city's classy government building was awarded the 2003 Office Building of the Year in the Historical Category by the International Building Owners and Managers As...
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• Westside Lease Closings
7/23/03
It's so much fun to report about big lease signings and big tenants in the market, especially on LA's Westside, which is our home turf and the area of SoCal most battered by the dot com and advertising flame-outs of the past ...
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• July 22, 2003 - Arden Makes Waves at Howard Hughes Center
7/22/03
Arden Realty, the Brentwood-based REIT (NYSE: ARI) recently signed up one of the biggest leases to close on the Westside this year, when it inked documents with Pepperdine University for the school to occupy 112k sf at 6100 C...
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• Adler Realty Gets 127k SF Encore Performance At Alton Property
7/21/03
In one of the largest leases so far this year in Orange County, Encore Credit Corp, a mortgage lender, leased 127,718 sf of office space from Adler Realty at 1833 Alton Parkway in Irvine. Encore will be moving from approximat...
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• First National Bank Center in San Diego Sells For $115 Mil
7/18/03
DRA Advisors/Landmark Asset Management Group has purchased the 27-story, 547k sf, First National Bank Center, located at 401 West A Street in downtown San Diego, from USAA Realty Company for $112 mil ($205/sf). The Class A hi...
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• Westside Multifamily Sites Stir Up Interest
7/18/03
Marcus & Millichap recently sent us in the note that the sold a 15.2k sf parcel of land in West Hollywood at the Havenhurst Community Garden, which is located at 1351 Havenhurst Drive, half a block from Sunset Boulevard. Av...
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• Voit Building $44 Mil Industrial Park In Burbank
7/17/03
On Thursday, July 10, Woodland Hills-based Voit Development Company closed escrow on a 22-acre site adjacent to the Burbank Airport, where the company will develop the Burbank Airport Commerce Center, a $44-million, 480k sf s...
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• Santa Fe Springs Landlord Wigs Out
7/17/03
It's time to focus our attention on LA's Mid-Cities region, which, for the purposes of our coverage, includes communities immediately surrounding downtown Los Angeles to the south and east, such as Vernon and Commerce, to are...
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• Alert Alert
7/16/03
We've been hearing about a whole new slate of office building sale activity, much of which has been recently picked up in the Real Estate Alert, so here's a rundown on some great So Cal office properties that have become offi...
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• R&B ain't Singing the Blues Over $4 Mil Ontario Industrial Buy
7/16/03
R&B Wholesale Distributors, a distributor of household appliances, paid $4.1 mil for a 71.1k sf ($58/sf) industrial building at 2350 Milliken Ave, adjacent to the 60 Fwy between Mission Blvd and Riverside Dr in Ontario. The s...
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• Bascom Closes Suite Deal for Trio of Premier Office Centers
7/15/03
The Premier Business Centers unit of the Bascom Group has acquired three executive office centers from Western Business Centers and plans upgrades at all three. The three centers consist of a 12.1k sf suite on the eighth floo...
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• Younan Leaves their Mark in Sale of Promark Building
7/15/03
The Promark Entertainment Building, a 27k sf, class B office building at 3599 Cahuenga Blvd in Studio City, traded hands for $4 mil ($148/sf). Younan Properties, out of North Hollywood, was the seller, while the buyer was a...
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• Arden Spears Major Downtown San Diego Tenant
7/14/03
In one of the biggest downtown San Diego office leases so far this year, Arrowhead General Insurance Company agreed to a 10-year, $19.1 mil deal for 67.7k sf ($2.35/sf/mo) of office space at 701 B St, a 24-story, Class A offi...
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• Investors Pick Up Retail Centers in Lake Forest and La Mirada
7/14/03
The Mayfield Trust paid $4.25 mil for Foothill Center, a two-building, 19.4k sf ($219/sf) retail center located at 20651-20671 Lake Forest Drive, south of the Foothill Transportation Corridor in Lake Forest. Located just minu...
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