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• WCB and UBS Purchase Union Bank Square in Orange
7/23/07
Newport Beach-based WCB Properties, out of Newport Beach, along with its capital partner in the transaction, the U.S. real estate business of UBS Global Asset Management, has acquired Union Bank Square, a four-building, 397k ...
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• Passco Teams Up with Metric Holdings in Hawaii Land Grab
7/23/07
Metric Passco Waikoloa LLC, a joint venture between Metric Holdings LLC and Passco Companies Development LLC, has purchased 45 acres of land for approximately $19.5 mil ($10/sf) in Waikoloa Village on the Big Island of Hawaii...
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• Rexford Closes $6.5 Mil Riverside Buy
7/23/07
LA-based Rexford Industrial LLC has acquired Central Avenue Business Park, a 78.5k sf multi-tenant industrial business park in Riverside consisting of four single-story buildings, for $6.5 mil ($83/sf). The development is loc...
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• Ruth Hits another Home Run with Inland Empire Office Buy
7/20/07
The Ruth Group purchased a portfolio consisting of one office building and three fully entitled office development sites, all in the Inland Empire. The portfolio includes an office building at 3536 Concours St in Ontario, in ...
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• First Industrial Acquires 595k sf Perris Facility in $32 Mil Sale/Leaseback
7/20/07
First Industrial Acquisitions Inc purchased a 595k sf industrial complex in Perris from National RV Holdings Inc in a sale/leaseback transaction valued at $31.8 mil. National RV will lease back the property for 10 years with ...
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• El Segundo Attracting Westsiders Looking for Office Space Alternatives
7/19/07
Two firms have recently relocated from office space in Marina del Rey to El Segundo, a city located just south of LAX and which currently offers a lower cost alternative for Westside tenants looking to reign in their real est...
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• New 3.2 msf San Diego Business Campus to Get Underway
7/19/07
Jay Paul Company is about to begin work on The Summit Rancho Bernardo, a 105-acre R&D/office/industrial campus at 16550 West Bernardo Dr that will contain 3.2 msf at build-out. Grading on the project, which will consist of 11...
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• Santa Monica to Get National Healthcare in $23 Mil Deal
7/18/07
National Healthcare Properties paid $23 mil for a 53k sf ($434/sf) medical office building located at 2825 Santa Monica Blvd, west of Centinela Ave in Santa Monica. The three-story medical office building includes several med...
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• Mission Valley Office Condo Redevelopment Project is Complete
7/18/07
Voit Development Company has completed its redevelopment of Hillside Professional Center, a 41.5k sf Class-A office project in Mission Valley. The 25 units range in size from 959 sf to 2k sf and offer spectacular views of Mis...
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• Shoe Distributor Steps into City of Industry Facility
7/18/07
In recent activity from the San Gabriel Valley, L&C Management LLC, a women's shoe distributor, paid $5.8 mil for a 43.4k sf ($134/sf) industrial building at 17181 Gale Ave, north of the 60 Fwy and just east of Azusa Ave. The...
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• Construction Complete on Chula Vista Commerce Center
7/17/07
Voit Development Company has completed the development of construction of Chula Vista Commerce Center, a six-building, 183k sf industrial park in Chula Vista. The project, located at 3513-3523 Main St, encompasses six buildin...
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• Wells Purchases Pasadena Corporate Park for $116 Mil
7/17/07
Wells Real Estate Investment Trust II Inc has acquired Pasadena Corporate Park, a three-building, 265k sf Class A office/retail development, in a sale-leaseback with IndyMac Bank. The park, located between E. Foothill Blvd an...
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• Owner/User Lumbers into Chatsworth Ford Dealership
7/16/07
Park Granada Center, a three-building, 40k sf office property in Calabasas, was acquired by a private investor for $11 mil ($275/sf). The property is located at 4764, 4766 and 4768 Park Granada, south of the 101 Fwy between P...
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• Continental Captures Cheetah in El Segundo
7/16/07
A 46.9k sf building at 2335 Alaska Ave, north of Rosecrans Ave and west of Aviation Blvd in El Segundo, sold for $12.25 mil ($261/sf). Built in 1988, the two-story office/flex building is 100% occupied by a single tenant. The...
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• AMB Acquires 400 Acres in SoCal's High Desert
7/16/07
AMB Property Corporation has acquired approximately 400 acres of land in the High Desert submarket of Los Angeles. The site, which they've named AMB Adelanto Gateway Logistics Center, is capable of supporting more than 7 msf ...
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• LBA Realty Gambles on L.A. Slot Machine
7/13/07
L.A. Slot Machine Co, one of the oldest and largest gaming machine companies in the world, inked a $3 mil lease for a recently upgraded 51.3k sf industrial facility in Redondo Beach. The company plans to use the building, loc...
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• OC Office Rates Reaching New Highs
7/13/07
Orange County experienced a record high in full service gross lease rates during the second quarter of 2007, according to the latest research from Voit Commercial Brokerage. The average asking full service gross lease rate p...
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• Tycoon to Collect $10 Mil from Wells Fargo
7/12/07
Wells Fargo has signed a 10-year, $10 mil lease for 27k sf ($3.09/sf/mo) of space at La Terraza Professional Plaza, located at 500 La Terraza Blvd, south of Valley Pkwy and just east of I-15 in Escondido. Wells Fargo will occ...
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• Leased Otay Mesa Facility is be-ING Purchased for $25 Mil
7/12/07
A core commingled fund advised by ING Clarion Partners has purchased a 225.8k sf building occupied by General Dynamics NASSCO in south San Diego County for $24.9 mil ($110/sf). The building, located at 8511 Kerns St, is the t...
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• Maguire Inks Pair of Law Firm Renewals at Cal Plaza
7/11/07
Maguire Properties, the biggest owner of Class A office space in downtown LA, recently chalked up renewal deals with a pair of law firms at their two-building California Plaza complex on Bunker Hill. In one of the transaction...
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