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May 28, 2020
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SOUTHERN CALIFORNIA NEWS
Archive
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• Older San Fernando Valley Building Gets a Nukote
4/30/03
There have been a couple of notable leases recently around the periphery of the San Fernando Valley, with one deal in Chatsworth and the other just north of the Valley, in Valencia. To start, we'll tell you about the Valencia...
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• Automotive Parts Distributor Gets Its Bearings in City of Industry
4/29/03
Principals of ABI Automotive Bearings, a warehouser and distributor of automotive bearings, paid $2.1 mil for a 28k sf ($75/sf) industrial building at 1361 Marion Ct, between Gale Ave and the 60 Fwy in the City of Industry. A...
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• Carmel Valley and Del Mar Heights Going from Valley to New Heights
4/28/03
Boy what swings some small, but highly desirable, submarkets can go through. Such is the case with the Del Mar / Carmel Valley submarket. Situated north of UTC in an absolutely picturesque section of San Diego County (what ar...
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• ALT Wheels Rolls into $2.7 Mil Voit Brea Biz Park
4/28/03
One of the hot spots in the somewhat slow commercial real estate market these days has been the Orange County industrial sector, which continues its robust activity, most notably in sales to both investors and users. Another...
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• Stonebridge to Take Great Care in Development of 750k sf Westside Medical Park
4/25/03
Here's a follow-up to a news item about a possible big Westside development that we mentioned a few months ago. Stonebridge Holdings, Inc, the Century City-based medical office developer, has closed on their purchase of 12 ac...
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• Union Bank Plaza Signs Elite New Tenant
4/25/03
There's been recent activity in downtown LA to let you know about, including Elite Business Centers' just signed $7+ mil lease for 32k sf in Union Bank Plaza, the 35-year-old, class B office tower at 445 S. Figueroa St one ...
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• Golf for Health
4/25/03
Here's a great opportunity to spend a sunny (hopefully) SoCal spring day out on the links, while helping out a really great cause. The annual Real Estate Industry Breath of Life Golf Classic is being held this Monday, April 2...
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• Maxxam Takes a Janss on Upscale Santa Monica Project
4/24/03
Janss Court, a high-end Santa Monica mixed-use project was sold by Equity Office Properties, as part of a series of recent dispositions that generated a total of $67.6 mil in gross proceeds. The upscale development, which con...
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• Computer Associates Agrees to a $10 Mil Deal for a Nice Seaview
4/24/03
We'll kick off this San Diego lease review with a Sorrento Mesa deal, that being Computer Associates' $10 mil, 121-month lease for 38.3k sf ($2.16/sf/mo) of office space at Seaview Corporate Center, a four-building, 370k sf c...
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• Parker Hansen Reaches Summit in Valencia
4/23/03
Aliso Viejo-based Parker Hansen has joined forces with Pacific Coast Capital Partners in the purchase of the three-building Valencia Corporate Pointe office project in Valencia Gateway Corridor. The partnership plans to boos...
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• 13-Building PS Business Parks Portfolio Fetches $28 Mil
4/23/03
PS Business Parks has sold a 13-building portfolio, containing a total of 385k sf of space, through nine separate sales with a combined price of $28 mil ($73/sf). Eight of the properties were sold on an individual basis to ow...
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• Colliers Seeley Selected to Market El Toro Marine Station Site
4/22/03
The U.S. General Services Administration (GSA) has selected Colliers Seeley International to provide real estate marketing and disposition services for the planned near-term sale of the former Marine Corps Air Station (MCAS) ...
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• Scanlan Kemper Bard Wraps Up $17 Mil Mission Valley Office Buy
4/21/03
Scanlan Kemper Bard Companies paid $17 mil for a 108.5k sf ($157/sf) office building at 8885 Rio San Diego Dr, one of two buildings that make up the Rio Vista office complex located just west of the 805 Fwy in Mission Valley....
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• Crown Adds to Its Burbank Kingdom
4/18/03
Two major investment transactions that took place in Burbank recently attest to the continued strength of the city's commercial real estate market. Following on the heels of its purchase of the 1.2 msf Burbank Media City Cen...
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• Armstrong Butcher Quenches Office Product Thirst with Another Corona
4/17/03
Armstrong Butcher Properties, developers of Corona Corporate Center, has begun work on the project's second phase, a three-story, 60k sf office building. Located on a 2.9-acre site at 355 E. Rincon St, the new structure is es...
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• Investors Go for San Diego Office Properties with a View
4/16/03
A recently completed 111k sf office building in Kearny Mesa was scooped up by a California investment group, as Manchester Plaza LLC paid $29.2 mil ($263/sf) for Mesa View Plaza. That price is just under the $30 mil listing p...
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• Phoenix Realty to Oversee Genesis Workforce Housing Fund in L.A.
4/15/03
The critical need for moderate-income workforce housing in urban infill areas of Southern California is about to be given some serious attention, with the formation of a Los Angeles office of New York City-based Phoenix Realt...
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• Santa Monica Owner Pulls a $17 Mil Rabbit Out of Its Hat
4/15/03
The warm days of summer are sneaking up on us, now just a couple of months away, which makes cool beachside locations like the westside city of Santa Monica even more attractive to tenants looking for a new home. And it seems...
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• Otay Mesa Landlord Framed in $5 Mil Deal
4/14/03
There has been a fair amount of sales in San Diego County lately, particularly some major office transfers in downtown San Diego that we've covered in recent news on the site. Here are a few more noteworthy transactions that...
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• Downtown LA Banking on Big Financial Institution Leases
4/11/03
Banks are really making some moves in Downtown LA these days. A few weeks ago we reported about B of A's big commitment at 333 S. Hope Street for 163k sf, in a $43 mil deal that not only takes BP out of its lease commitment t...
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