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May 28, 2020
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SOUTHERN CALIFORNIA NEWS
Archive
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• Western States Applies Their Technologies to Carlsbad Industrial Acquisition
5/15/03
LA-based Western States Technologies recently completed a Carlsbad acquisition after paying $3.3 mil for a 32k sf ($103/sf) industrial facility at 2283 Cosmos Ct, west of El Camino Real and south of Palomar Airport Rd. The hi...
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• Maguire Adds $79 Mil Cerritos Office Complex to IPO
5/14/03
Rob Maguire, downtown LA's most prolific office tower developer, is adding a bit of geographic diversity to his holdings prior to his public offering, expected to be made available in the second half of June. Maguire is buyin...
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• Stock Music Firm Spins $2.5 Mil Renewal at Sunset Media Towers
5/14/03
There's been a few interesting transactions from the Miracle Mile and Hollywood sections of the Westside to report, one of which is a rather sizable lease from about two months ago. But we'll begin with a couple of much more ...
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• Watt, AMB and Mar Ventures Move Forward on Carson and Long Beach Projects
5/13/03
As we finish up our next South Bay Hot Transactions report, we're coming across some interesting news items from this diverse region, which stretches from LAX to Long Beach. Certainly Cushman & Wakefield is finding the South ...
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• LA Real Estate Investment Firm Closes Prime $5 Mil Buy in Oxnard
5/13/03
LA-based Pacific Prime Properties wrapped up their third major Ventura County acquisition over the past 10 months, as the company paid approximately $5 mil for a 104k sf ($48/sf) manufacturing/distribution facility in Oxnard....
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• Wood Manufacturer Acquires Brick Building in Rancho Dominguez
5/12/03
A few of the brokerage vets at Grubb & Ellis recently brokered a trio of South Bay sales deals, which we'll review in this report. The largest of the three sales was in Lakewood, where a Newport Beach-based private investment...
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• From the Symphony to the Chamber, San Diego Sounds Great to Investors
5/12/03
Investment activity in San Diego County commercial real estate remains very strong, despite the still sputtering economy. We've reported about a number of major downtown San Diego office sales in the past few months, includin...
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• May 9, 2003 - Arden Exits the Inland Empire
5/10/03
Arden Realty, SoCal's biggest office landlord, recently completed the $43.5 mil sale of their Inland Empire Office Portfolio, consisting of four Class A multi-tenant office buildings totaling nearly 345k sf ($126/sf) and loca...
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• First Industrial Realty Trust Sails into $42 Mil Port of Entry Transaction
5/09/03
First Industrial Realty Trust has purchased The Gateway, a nine-building corporate/industrial/office park comprising 724.5k sf of space, for $41.84 mil ($58/sf). The acquisition includes three multi-tenant bulk-distribution ...
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• RREEF Grows into El Segundo with $28 Mil Office Buy
5/09/03
The office leasing market in El Segundo may have been extremely weak over the past two years, with the vacancy rate ballooning to over 20%, but with all the other types of business activity here, there's always some real esta...
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• Fine Arts Building Enters Its Blue Period
5/08/03
Following up on a story we posted a week or so ago about downtown LA office buildings on the block, we can now report that one of the properties has changed hands, as Blue Real Estate Management has purchased the historic Fin...
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• Investors Pick Up Conejo Valley Properties
5/07/03
In an Agoura Hills sale, a Woodland Hills investor paid $3.35 mil for a fully occupied 24k sf ($140/sf) office property at 30495-30497 Canwood St. Consisting of two Class A buildings on a half-acre site, the property features...
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• Sunset Blvd Building to Wear the Union Label
5/07/03
Here's a trio of recent $3 mil sales from LA's Westside, in Hollywood, Santa Monica and West LA. To start, we'll take a look at the Hollywood deal, as the International Cinematographers Guild (ICG) inked a $3 mil purchase of ...
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• Has the CCDC Killed the East Village Square Project?
5/06/03
As construction on the new Padre ballpark moves closer to completion, it seems that one of the key uses in the mixed-use mix, office space, may be in jeopardy after a recent decision by the Centre City Development Corp's boar...
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• Proficiency to Redevelop Santa Fe Springs Site
5/05/03
Demand for industrial space in the eastern L.A. city of Santa Fe Springs remains strong, despite the limited opportunities for new development, which has led developers to seek redevelopment projects for well-located infill s...
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• Barker Pacific Enters San Diego with Loaded Chamber Building
5/05/03
Hamilton Capital Partners, an LA-based affiliate of Barker Pacific Group, acquired The Chamber Building, an award-winning 173.7k sf office building in downtown San Diego, for about $20 mil ($115/sf). Located at the corner of ...
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• Principal Hits a $52.5 Mil Home Run at the Stadium
5/02/03
Here's the info on a hefty Orange County office buy from a couple of weeks ago, as Principal Real Estate Investors picked up Stadium Gateway, a 273k sf Anaheim development completed in October of 2001 by a JV of Summit Commer...
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• There's a Fine Arts to Selling Classic Office Buildings in Downtown LA
5/01/03
Here's the scoop on some office properties for sale that may be a bit off the beaten path when compared to the newer Class A high-rises on the market that we discussed in yesterday's news. The following buildings, soon to tra...
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• Investors Hear Clear Signal that MCI Center is Back on the Market
4/30/03
The sales market continues to remain pretty active in Downtown LA, especially among the B class buildings and some of the older historic buildings. In fact, there is too much activity to cover in one article, so below is the ...
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• Here's the Scoop on Half a Dozen Firms Searching for Space in Downtown LA
4/30/03
Researching our just-posted downtown L.A. Hot Transactions report, RENTV unearthed a number of leads about some tenants said to be looking for new digs in the Central City. To pique your interest, we'll pass on a few of thos...
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