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January 17, 2020
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SOUTHERN CALIFORNIA NEWS
Archive
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• Investment Group Looks for Fairway to Make $20 Mil Carlsbad Buy
6/11/02
Here's news of a sizable office property investment in Carlsbad, as a California limited liability company spent $19.5 mil for Fairway Corporate Centre, a 115.4k sf ($169/sf) complex at 5540 and 5541 Fermi Ct, north of Paloma...
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• Fullerton Buyers Go See Cal While Santa Ana Investors Make Arresting Deal at Parker
6/10/02
Investors are on the prowl in Orange County and we'll run down some sales of leased properties that have recently closed escrow. Starting off in Garden Grove, private investor T. Courtney Dunbar acquired a 50.8k sf industria...
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• Clarent Enjoys that Funky Cold Medea in Calabasas
6/07/02
Medea Corporation, a manufacturer of high-performance disk storage systems, signed a four-year, $2 mil sublease agreement for 27k sf ($1.54/sf/mo) at 26707 West Agoura Road, west of Las Virgenes Road and on the south side of ...
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• Jenny Craig Takes Weight Off Shoulders of Carlsbad Landlord
6/07/02
Jenny Craig signed a 10-year lease valued at $10.6 mil for 48.9k sf ($1.81/sf/mo) of office space at the Ocean Terrace Corporate Center in Carlsbad. Jenny Craig, one of the world's largest weight management corporations, will...
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• Davis Partners Prepares to Move Forward with 700k sf Business Park
6/06/02
In Carlsbad, Davis Partners intends to develop a 700k sf master-planned business park on a 62-acre parcel of land along Palomar Airport Road, by Melrose Drive, which the developer acquired about a year ago. Tentatively called...
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• Irvine Company Loses this Legal Battle
6/05/02
Some recent Orange County leases have revealed an interesting exception to the dreary activity in the Orange County leasing market. It seems that law firms have become among the most active tenants these days, to the delight...
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• SoCal Tenants Trust Equity Office Properties
6/04/02
Equity Office Properties Trust, the nation's largest publicly held office building owner and manager, sent us this brief summary of their recent SoCal leasing activity. The REIT completed nearly 140 lease transactions compris...
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• Kilroy Doing Fine after a lot of Healthcare in Del Mar
6/03/02
In one of the largest leases in San Diego County in some time, AMN Healthcare Services, the NYSE-traded firm that was once called American Mobile Nurses, back in April preleased 170k sf of office space in Kilroy Realty's plan...
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• Industrious Investor Goes for Industrial Building in City of Industry
6/03/02
In the City of Industry, a private investor paid $5.94 mil for a fully leased 94.5k sf ($63/sf) industrial building at 127 N. California Avenue, at the corner of Valley Blvd. Lushing-Collins Development, LLC developed the pro...
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• BAE's Westside Relocation May be the Crowning Achievement for Wateridge
5/31/02
We'll lead off this West L.A. lease review with an update on the continuing saga of BAE Systems Controls, the international defense and aerospace company, and their search for a new home on the Westside. When we last looked i...
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• Buyer Gets County Of Orange in the City Of Orange
5/30/02
There's been some commercial real estate activity in the city of Orange to let you know about, as we've got a recent sale and lease to report. Starting with the sale, a private investment group paid $10.2 mil ($61/sf) for a 1...
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• ReMax FutureSteps into Sherman Oaks Office Space
5/30/02
In this column, we're going to catch up on a few recent deals in the San Fernando Valley, beginning at the western end, where an 80k sf Warner Center office building at 6800 Owensmouth Avenue sold for $8.4 mil ($105/sf). The ...
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• CarrAmerica Acquires Chase Manhattan
5/29/02
There were two significant sales in the San Diego County real estate marketplace recently that are worthy of note. The first was the acquisition of the 76.7k sf Chase Manhattan Mortgage Building by CarrAmerica Realty Corpora...
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• May 28, 2002 - San Diego Office Market Poised For Recovery
5/28/02
The office market in San Diego County is relatively stable, in relation to other major markets around the country, and recent activity suggests the region is on the threshold of a steady recovery. At least that's the opinion ...
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• Tile Company Rides into Chula Vista on Southrail Business Park Deal
5/23/02
We'll lead off this San Diego sales review with an office buy in Sorrento Mesa, as a pair of private investors picked up a 57.2k sf office building for $7.2 mil ($126/sf). Located at 5825 Oberlin Dr, south of Mira Mesa Blvd a...
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• South Bay New Grubb Hub after Royal Deal in Airport Area
5/22/02
There's been a mini-flurry of investment activity in the South Bay, as we've got four recent sales to report. We'll begin in the LAX area, where Beverly Hills-based Royal Airport LLC picked up a 209.2k sf office building for ...
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• Santa Monica Building Reaches New Heidts
5/21/02
In a Santa Monica investment deal, Heidt-Wilshire I LP, a real estate limited partnership, purchased the Wilshire-Franklin building, a 32.5k sf office property at 3201 Wilshire Blvd, by 32nd St. The three-story building, whic...
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• McMahon Scores Triple Play in Irwindale Esportia Deal
5/19/02
Demand for modern industrial buildings in the eastern San Gabriel Valley remains strong, as evidenced by this latest sale, in which Garment importer Esportia acquired three recently completed buildings in Irwindale, totaling ...
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• Bicycle Distributor Pedals into 133k sf Camarillo Facility
5/17/02
There's been some notable activity in the Ventura County/Conejo Valley communities of Westlake Village, Camarillo and Oxnard to report, as we begin in Oxnard, with news of a sizable industrial lease. AstroMetallurgical, a pro...
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• Investors See Opportunities in Older Downtown LA Properties
5/16/02
There have been a couple of recent sales of older buildings in downtown L.A., outside of the city's main financial core. In one of the deals, San Francisco-based Albion Pacific Property Resources paid $6.4 mil for a 195k sf (...
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