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May 28, 2020
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SOUTHERN CALIFORNIA NEWS
Archive
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• Caribou Off and Running with Two More Santa Ana Acquisitions
3/19/03
By Harvey Moss hmoss@rentv.com Caribou Industries Inc has added two more buildings to its extensive holdings in Santa Ana, where it either owns or manages some 2 msf of office space. The real estate construction and propert...
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• Ballpark District Looks Like a Home Run for San Diego
3/18/03
Development of downtown San Diego's Ballpark District is moving forward at a rapid clip, with construction well underway on the new Padres baseball stadium and the adjacent Omni ballpark hotel, as you can see from these cool ...
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• Opportunity Knocks at Arco Plaza
3/17/03
After a rather lengthy and complicated acquisition process (that we reported on the site earlier in the year), Thomas Property Group is the new owner of the twin, charcoal, 2.7 msf, 52-story Arco Plaza towers that had been ow...
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• Pfizer Helps Local Industry Pros Get Excited About Irvine Office Market
3/17/03
It looks like giant pharmaceutical company Pfizer is trying to cure the suffering Orange County office market by more than doubling the amount of space they currently lease at the Irvine Center Towers. According to a recent s...
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• Investor Applies a Little Unileverage in $8.6 Mil San Gabriel Buy
3/14/03
Investment and leasing activity have been a bit slow in the San Gabriel Valley, but there have been a handful of newsworthy deals so far in this first quarter of 2003. Here's a look at a few interesting transactions, starting...
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• Voit Inks Elite Deal in Brea
3/14/03
Here's an account of several sales that closed escrow in Orange County recently, and we'll begin this report in North County, in the city of Brea. Two buildings were sold in Voit Brea Business Park, representing the fourth a...
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• USA Petroleum Inks a Slick Sale/Leaseback Deal in Agoura Hills
3/13/03
Agoura Court Partners, a local investment group, acquired the Village Corporate Center, a 71k sf, two-story office building at 30101 Agoura Ct in Agoura Hills. Known to many people in the area as the former site of the Agoura...
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• RENTV Man About Town Hears of Big Tenants in the Market
3/13/03
By Steve Bloom Rentadmin@rentv.com While the majority of our discussions of tenants in the market are usually reserved for our Executive Subscribers, as part of our Hot Transactions Reports, every so often we like to throw t...
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• New Chula Vista Project is Gateway to Redevelopment of City's Historic Third Ave Di
3/12/03
Construction is finished on the first phase of Gateway Chula Vista, an $80 mil office and retail complex located at the corner of Third Ave and H St in downtown Chula Vista. Any tenants interested in this initial phase better...
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• Westcap Renews Their Westside Home at Westwood Gateway
3/12/03
We just received word on a notable lease renewal in West LA, which we'll share with you in this report, along with an update on a recent sale from the Westside. In the lease, Westcap Investors finalized a six-year renewal for...
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• March 11, 2003 - BRE Becomes More AWARE of Downtown San Diego
3/11/03
Mergers and acquisitions are typically associated with corporate America, particularly during periods of economic malaise, however, in these troubled times that strategy is also filtering down to all levels of business. And,...
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• The Irvine Company Heads to the Symphony
3/10/03
Another landmark downtown San Diego high-rise is about to trade hands, as The Irvine Company is reportedly about to close escrow on Symphony Towers, the 570k (gross) sf high-rise owned by Alecta Real Estate, a subsidiary of S...
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• CIP Spends $22 Mil for Sequels in Empire Trilogy
3/07/03
CIP Real Estate has decided to beef up its investment in the Inland Empire office market by purchasing the Empire Towers II & III office buildings in Ontario as an addition to its earlier acquisition of the Empire Towers I bu...
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• Kearny Flips Five Warner Center Properties for $17.55 Mil
3/05/03
Kearny Real Estate has been quick to follow through with their plans for the 15-property low-rise Warner Center portfolio they acquired from AEW/Harvard Endowment Fund last year, as they just sold five of the office/warehouse...
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• Voit Locks Up Record OC Industrial Buy in Steelcase
3/04/03
In what we're being told is the biggest industrial sale in Orange County history, Voit Development Company has acquired the 1 msf former Steelcase facility, the largest building in the Irvine Business complex, which is at 112...
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• British Group Makes Fashionable Investment in Downtown LA
3/03/03
Here's an update on a story we reported about a month ago, which mentioned that a Hertz Group-led investment partnership was shopping their giant 3 msf California Market Center showroom complex in downtown LA. The latest news...
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• Defense Contractor Goes on Offensive in Warner Center
2/28/03
ATK, a leading defense contractor formerly known as Science and Applied Technology, solidified their long-term plans to remain in the San Fernando Valley's Warner Center area by inking a pair of 10-year leases, for a total of...
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• Hagar Pacific Distributes $10 Mil for Giant Hesperia Distribution Facility
2/27/03
Here's a follow-up about a property we've been reporting as “on the market” for some time now, that being the former Heilig-Meyers distribution facility in Hesperia. Hagar Pacific Properties, a SoCal-based real estate investm...
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• TA Associates Shags La Mirada Carpet Distribution Facility
2/26/03
Beaulieu of America, through a limited partnership, has sold a 254.4k sf industrial building at 15300 Desman Road, south of Alondra Blvd in La Mirada, to TA Realty Associates, for $16 mil ($63/sf). The transaction was part of...
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• Santa Monica Landlord has the Midas Touch in Entertainment Industry Lease
2/25/03
New leasing activity continues to percolate in the Westside city of Santa Monica, one of the hardest hit areas during the dot.com meltdown a couple of years ago, and we've got a couple of recent lease examples to share with y...
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