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April 1, 2020
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SOUTHERN CALIFORNIA NEWS
Archive
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• Kearny Closes on $56 Mil Acquisition of Warner Center Business Park
11/20/02
Although we've previously reported on a few occasions earlier this year about Kearny Real Estate Company's impending acquisition of Warner Center Business Park, a 15-building, 469k sf business park located in Woodland Hills, ...
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• Arden Realty Welcomes more Tenants at Howard Hughes Center
11/19/02
For those of you keeping track of deal comps from West LA, we've got some info on a few recent transactions from the area to report. We'll start off with a trio of leases at some of Arden Realty's office buildings in the Fox ...
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• Healthcare Firm Gets a Space Fill-Up at Arco
11/18/02
In Long Beach, Molina Healthcare is the latest tenant to take space at Arco Center, a 460k sf twin-tower office complex in the city's downtown. Molina agreed to a 10-year deal for 66k sf at the 19-year-old project, located at...
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• Hertz Makes $110 Mil Deposit with Union Bank
11/15/02
Union Bank Plaza, the 627k sf Class B high-rise at 445 S. Figueroa St, has changed hands again, as Chicago-based Walton Street Capital just acquired the 40-story tower for a reported $110 mil ($175/sf). The seller was Hertz I...
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• Maguire Looking to Add a Lot of Little Partners
11/14/02
In case you didn't catch the business section in Wednesday's LA Times, Robert Maguire of Maguire Partners has announced that he's going public with much of his $2 bil portfolio of commercial real estate, which includes many o...
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• It's a Good O'Day in Carlsbad
11/14/02
O'Day Consultants, a civil engineering firm, leased an entire 32.2k sf office building, after signing an eight-year, $6.7 mil ($2.17/sf/mo) lease for the structure, called Atrium II. The building is at 2710 Loker Avenue West,...
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• What Has Five Buildings and Sold for About $50 Mil? Two San Diego Business Parks
11/13/02
There have been two very significant sales of office/R&D business parks to report from San Diego County, each worth about $24 mil. For the first transaction, we'll head to Sorrento Mesa, where Carr Development & Construction,...
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• Hollywood Lease Makes the Hall of Fame
11/12/02
Let's visit Hollywood, the motion picture capitol of the world, to update you on a couple of entertaining commercial real estate transactions. We'll start off with an “industry” deal, as The Motion Picture Hall of Fame inked ...
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• Blackstone Aames to Do Deals at their Newly Acquired Park Place Campus
11/11/02
It didn't take long for Blackstone Real Estate Advisors, the new owners of the landmark 1.7 msf Park Place office campus, to celebrate a major tenant signing at their latest investment, as Aames Financial Corporation has agre...
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• Second Buy at Mission Valley Complex is Good Karma for Parma
11/11/02
Let's turn our attention to some industrial investment deals down San Diego way, where there's been quite a bit of activity. For our first deal, we'll head just east of Mission Valley, where Parma Property has picked up the i...
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• Investment Company Makes Prime Acquisition in Ventura
11/08/02
LA-based Pacific Prime Properties has made its second major real estate acquisition in Ventura County within the past 90 days, purchasing the 240.6k sf former Western Regional distribution center for Gap Inc. Located on 14.7 ...
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• November 8, 2002 - Take a Second and Enjoy the View!
11/08/02
We really loved this photo of the Water Garden office complex in Santa Monica that the folks at Trammell Crow Company sent to us, and we thought you might also want to take a look. Enjoy!
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• NY Advisory Fund Takes $28 Mil Overland Route into Kearny Mesa
11/07/02
WP Carey, a NY-based pension fund advisory firm, paid $28 mil for Overland Storage, a 158.6k sf ($176.50/sf) office campus in Kearny Mesa. The property consists of a two-story 60.3k sf corporate office facility and a 98.3k s...
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• Madison's Safai Brokers $57 Mil in West LA Sales
11/06/02
Office leasing may still be a bit sluggish in West LA but the investment market is heating up. Here's the scoop on three major office sales from LA's Westside, with a combined value of over $55 mil. We'll let you know up fron...
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• Company Moves: New Vegas Office is No Gamble for Voit
11/05/02
There's been some interesting company news from a couple of the top regional brokerage firms, in addition to an announcement of a new company that was just formed by a few veterans from another major real estate firm. We'll b...
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• Santa Clarita Developer Relaxes with Softub Deal
11/04/02
Here's a mixed-bag of deals from a couple of the more outlying areas around the LA Basin, those being Santa Clarita and Simi Valley. We'll start with an office lease in Simi Valley, where Financial Title Company inked a 10-ye...
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• Birtcher Venture Completes $24 Mil Office Buy in Mission Valley
11/01/02
An investment venture between Birtcher Properties and NSD Ventures paid $24.16 mil for Valley Corporate Center, a 170k sf ($142/sf) Class A office building at the juncture of I-8 and Hwy 163 in Mission Valley. The 12-story pr...
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• Investors Grab SF Valley Office Properties
10/30/02
There have been a couple of recent notable office property sales from the San Fernando Valley to report, one in Encino and the other from Glendale. In the Encino deal, an investment group shelled out $18.3 mil for Rubio Plaza...
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• Dreamworks Records Hits the Top of the Charts in Beverly Hills
10/29/02
Fall is here, kids are back in school, and businesses are doing deals again – at least a few -- for office space in West LA. We've got some of the numbers to share with you about four recent Westside leases. In the first deal...
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• Triple Net Completes $11 Mil Laguna Hills Office Buy
10/28/02
We recently got word of a couple of Orange County office properties that changed hands, one in Laguna Hills and the other in the city of Orange. We'll start with the Laguna Hills deal, as Santa Ana-based Triple Net Properties...
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