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March 28, 2024
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SOUTHERN CALIFORNIA NEWS
Archive
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• Hileman Closes Waterside Investment in Ontario
4/25/07
The Hileman Company, in a joint venture with real estate investment firm Pacific Coast Capital Partners (PCCP), has acquired a 16-acre Class A master-planned office campus in Ontario from The Trenton Group for $52 mil. The pr...
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• Rexford Spends $33 Mil on CA and NV Industrial Properties
4/24/07
SoCal-based Rexford Industrial LLC has acquired three industrial properties in California and Nevada with a combined value of more than $33 mil. The acquisitions fit in with Rexford's aggressive plans to purchase $375 mil of ...
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• Barker Pacific Acquires Full Control of Xerox Centre
4/24/07
LA-based Barker Pacific Group (BPG) has acquired full control of the 11-acre parcel under the former Xerox Centre, a 330k sf office building in El Segundo. With full ownership of the site and the building, BPG will move forwa...
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• New Bakersfield Industrial Park Offering Buildings for Sale or Lease
4/24/07
A venture of M.S. Walker & Associates Inc and Insight Holdings LLC is currently marketing Mount Vernon Industrial Park, a new 110-acre modern industrial development in southeast Bakersfield. We're told that roughly 20% of the...
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• Silverhawk Takes Flight in Temecula Office Market
4/23/07
Construction on Silverhawk Corporate Center, an 80k sf office development in southeastern Riverside County, is three weeks ahead of schedule, with the walls having been raised a couple of weeks ago. The project, located at 38...
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• 407k sf Rubbermaid Container Marks Start of Construction at SCLC
4/23/07
Stirling Capital Investments has broken ground on a 407.6k sf build-to-suit distribution building for Newell Rubbermaid, representing the official start of construction of Phase I of the industrial development at Southern Cal...
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• New Office/R&D Campus on the Horizon in Scripps Ranch
4/23/07
Opus West has acquired an 11.35-acre land parcel in Scripps Ranch for $10 mil ($20/sf), on which they intend to develop a 157k sf low-rise business campus called Horizon Tech Center at Scripps Ranch. The development will con...
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• Poway Office/R&D Building Sells for $16.8 Mil
4/20/07
Golden Gate Real Estate Inc, an affiliate of Emri Group, has acquired a 99.4k sf office/R&D building located at 13970 Stowe Dr, in the Poway area of San Diego, for $16.83 mil ($169/sf). The two-story Class A building, develop...
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• Lincoln Property Closes $22 Mil Riverside Office Buy
4/20/07
In a recent Inland Empire office sale, Lincoln Property Company paid $22.5 mil for Summit Business Centre, a five-building, 140k sf ($161/sf) campus located near the 56-acre University Research Park. The buildings, which were...
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• Superior Court Ruling Upholds Cisterra's Verdict in Case Against Irvine Company
4/20/07
In a legal setback for The Irvine Company, San Diego Superior Court Judge Ronald Prager issued a ruling denying The Irvine Company's motion to set aside the December 2006 $37.5 mil jury verdict in Cisterra Partners LLC v. Irv...
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• Maguire Flipping Equity Assets to Bixby
4/19/07
Trading of assets formerly part of the huge Equity Office Properties portfolio continues, as LA-based Maguire Properties has entered into an agreement to sell five assets to OC-based Bixby Land Company for $345 mil. The prope...
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• Seventh Street Coming to the Inland Empire in a Big Way
4/19/07
Long Beach-based Seventh Street Development is tilting the walls this month on 24 industrial buildings at two Inland Empire projects totaling nearly 500k sf of space. The projects, Mission-71 Business Park in Pomona and Water...
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• New Nine-Story Office Tower Underway at Summit Office Campus
4/18/07
Development of a new nine-story, 246k sf office building at Parker Properties' Summit Office Campus, situated along the 73 Corridor in Aliso Viejo, is well underway. Presently, steel is going up at the building, located at 45...
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• Developer Acquires Land in San Diego's Kensington Area for Mixed-User
4/18/07
Terrace Partners LP closed two land buys in San Diego's Kensington area, for the development of a mixed-use project to be called Kensington Terrace. In the more recent purchase, the company acquired two adjoining lots totalin...
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• New Camarillo Office Project to Break Ground in May
4/17/07
The city of Camarillo's Planning Commission unanimously approved plans for a $35 mil office park in the city's Heritage Zone. Situated on over nine acres fronting the Ventura Fwy, on the north side of Mission Oaks Blvd betwee...
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• Low Vacancy Rates and Rising Rents Bode Well for Inland Empire Office Market
4/17/07
The Inland Empire office market maintained its momentum in the first quarter of this year, as vacancy rates remained in the single digits, asking rental rates continued their ascent and under construction activity was up by 2...
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• Turner Enters another Growth Phase at Riverwalk
4/16/07
Newport Beach-based Turner Development has broken ground on the fifth and final phase of Turner Riverwalk, its 73-acre, mixed-use business development in Riverside that incorporates high quality office suites, medical office ...
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• New 606k sf Facility to Be Built at Tejon Ranch
4/16/07
A venture of Tejon Ranch Company and Rockefeller Group Development Corporation will develop a 606k sf warehouse building at Tejon Industrial Complex (TIC), the 1,450-acre master planned commercial development along I-5, in Ke...
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• Industry Golf Tournament Raises $52k for Abused/Neglected Children
4/13/07
Last Month's 11th Annual City Spaces Golf Tournament raised $52k for abused and neglected children, which brings the total money raised since the first tournament to over $322k!. Hosted by the highly regarded commercial space...
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• Passco and Perdew Star in Their Own Patriot Act
4/13/07
Passco Companies Development LLC and Perdew Development LLC have teamed up in a joint venture called Patriot Self-Storage Management LLC to focus on the development, management and leasing of self-storage facilities nationwid...
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