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May 28, 2020
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SOUTHERN CALIFORNIA NEWS
Archive
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• Platt's Plans Plastered by Pols in Burbank
7/11/03
By Steve Bloom Earlier this quarter the Burbank City Council flexed their land use and architectural muscle and unanimously rejected developer Rick Platt's plans for the four-acre site bounded by North Lima St on the west an...
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• Burnham Real Estate Services Expands Ownership
7/11/03
Burnham Real Estate Services has announced that after 112 years of closely held shareholder control, it has expanded its ownership to include 22 individuals who have tenure with the company and a strong track record for value...
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• July 10, 2003 - $12.5 Mil Will Get You a Marquis Hotel Property
7/10/03
An interesting Inland Empire hospitality property has hit the market, as a pair of Marcus & Millichap brokers has the listing for the Palm Springs Marquis Resort & Conference Center, a full-service hotel at 150 S. Indian Cany...
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• Inland Empire Activity Update
7/10/03
Here's a quick rundown on a few bread and butter deals from the Inland Empire, in which we review three leases and a recent sale. We'll start in Rancho Cucamonga, where State Farm Insurance agreed to a five-year, $5 mil lease...
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• Continental Development Pays $42 Mil for Torrance Office Campus
7/09/03
El Segundo-based Continental Development Corp has purchased Skypark Center, a 376.7k sf office park in Torrance, from a Delaware investment group for $42.5 mil ($113/sf). Located north of Pacific Coast Highway and bordered b...
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• Koll Company Wraps Up $13 Mil Buy of Carson's Coral Tree
7/08/03
Coral Tree Business Center, a 135.5k sf industrial park, was purchased by the Koll Company for $13 mil ($96/sf). Situated on a 3-acre site at 223rd and Lucerne streets in Carson, the complex consists of three buildings, which...
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• Westcore Closes another Big Portfolio Sale
7/07/03
There have been a couple of major investment sales from the last couple of weeks to let you know about, one in San Diego and the other in Orange County. In the San Diego deal, Westcore closed out their second big portfolio sa...
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• Kearny Mesa Office Building Sells for $29 Mil
7/03/03
It's time to catch up on some sales activity down San Diego way, starting in Kearny Mesa, where we've got a $28.8 mil office buy to report. The buyer, a partnership that included Pacifica Real Estate Group LLC, purchased Copl...
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• More Positive Signs for LA's Office Market
7/02/03
Cushman & Wakefield has released their 2nd Quarter report for the SoCal office markets, which presents encouraging news for the L.A. Basin. Here is a quick summary of their report, as provided to us by C&W. In an encouraging...
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• MEPT Wraps Up $115 Mil Buy of Westcore Industrial Portfolio
7/01/03
Multi-Employer Property Trust (MEPT), a $3.3 bil commingled open-end real estate equity fund, acquired a 17-property industrial portfolio from Westcore Distribution Centers, Westcore Gale and Westcore Don Julian, all subsidia...
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• June 30, 2003 - Glendale Office Space Review
6/30/03
For those brokers and tenants out there shopping around for a good-sized chunk of office space in Glendale's financial district, here's a review of what are probably the five biggest blocks currently available in the market. ...
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• $5 Mil for Former Speaker Manufacturing Facility Sounds Good to Local Investor
6/30/03
An LA-based investor paid around $5 mil ($65/sf) for a 77k sf, two-building Simi Valley industrial complex formerly occupied by Cerwin-Vega. Consisting of a 43k sf structure at 2279 Ward Ave and a 34k sf facility at 2259 Ward...
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• BentleyForbes is Looking for a Few Good Properties
6/27/03
LA-based BentleyForbes is embarking on a new investment program, targeted to hit $500 mil in commercial real estate acquisitions nationally over the next 12 months. In accordance with their new strategy, the firm has recently...
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• Pro Moves: Newmark to Goforth in San Diego
6/27/03
Newmark & Company Real Estate, Inc, the NY city-based real estate services firm, continues to grow their West Coast operations, as the company has just added 11-year veteran Jerry Johnson, along with Bryan Geisbauer, and Ryan...
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• Investors Close $11.6 Mil Purchase of Corona Professional Park
6/26/03
Responding to our readers' phone calls and emails requesting more coverage of the Inland Empire, here's a review of six recent sale transactions, three for building purchases and the others for land buys. We'll lead off with ...
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• Craig Realty to Pay $53 Mil for Citadel Outlets and Office Park
6/25/03
Newport Beach-based Craig Realty Group (CRG) has agreed to purchase the Citadel Outlets and Office Park in the City of Commerce for $53 mil, from the city's redevelopment agency. Known throughout Southern California for its h...
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• Panattoni Lands Development Project in Irvine Spectrum
6/25/03
Hockey season may be over, but we've got a hat trick for you to take a look at three recent sales comps from Orange County; an office building, a retail building, and a land buy. To start, we'll let you know about the land ...
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• Irvine Spectrum R&D Sale is a Real Bunsen Burner
6/24/03
A couple of R&D buildings in the Orange County city of Irvine have traded hands in separate transactions with a combined value of $6.4 mil. In one of the sales, O'Neill Product Development, a designer and manufacturer of port...
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• Wolf's New Den to Offer Housing Geared to Small Users in Ontario Airport Area
6/24/03
Wolf & Associates, a Los Angeles-based developer, has begun work on Belmont Business Park, a 7.2-acre development strategically located at an entrance to Ontario International Airport, at the southwest corner of Grove and Bel...
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• Teachers Dangles $65 Mil Prize in Glendale
6/23/03
It's time to update you on some industry news from around the northeastern parts of the San Fernando Valley. For the purposes of this report, we'll include the actual Valley community of Pacoima, while also mentioning news fr...
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