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April 1, 2020
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SOUTHERN CALIFORNIA NEWS
Archive
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• Gateway Corporate Center Development Sells for $25 Mil
10/04/02
A recently completed 162k sf office project, known as the Travelers' Insurance complex, in Diamond Bar just changed hands, as a private investment entity called Gem Gateway Ltd, paid $25 mil ($155/sf) for the two-year-old dev...
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• Duesenberg Chugs into Westwood Village
10/03/02
There still are deals happening during this slow period on the Westside, and we've got the facts to prove it. We'll start in Westwood Village, where John Anderson's Duesenberg Investment Company is reported to be buying three...
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• Blackstone Takes a $200 Mil Chance on Park Place
10/03/02
It looks like Blackstone Real Estate Advisors has landed on Park Place, as an affiliate of the NY-based investment bank has purchased the huge 1.7 msf office campus in Irvine. When we last mentioned this looming sale, in Augu...
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• Equity Sells Off $56 Mil of San Diego Properties from Spieker Acquisition
10/02/02
Equity Office Properties Trust, the nation's largest publicly held office building owner, has sold three San Diego business park properties, containing a total of 434.8k sf in 15 buildings. The buyer, a partnership between Th...
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• California Law Firm Inks Eight-Year Expansion/Renewal Deal at Union Bank Plaza
10/02/02
Chalk up another downtown LA law firm deal, as the firm of Nossaman, Guthner, Knox & Elliott LLP signed a 37.3k sf expansion/renewal deal for their existing space on the 30th and 31st floor of Union Bank Plaza, located at 445...
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• Saunders Saunters into Buena Park Commerce Plaza
10/01/02
A John Saunders-led investment entity purchased Buena Park Commerce Plaza, a 155.4k sf office complex at 6301 Beach Blvd, just north of the 5 Fwy in Buena Park. Saunders, of Newport Beach-based Saunders Property Company, paid...
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• LA Office Sale Alert!
9/30/02
Here's a heads-up on another looming office sale, thanks to the folks at Real Estate Alert. According to the latest edition of the Alert, New Pacific Realty has reached an agreement to purchase the 1.4 msf Transamerica Center...
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• Family Trust Prefers Deal with Integrity
9/27/02
In response to all of our fan mail asking for more comps from Santa Fe Springs, here are two more recent sale transactions from this busy industrial city, situated on the eastern side of the LA Basin. In the first deal, JM Oi...
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• Klabin Brokers Achieve New High on Westside
9/27/02
Here's the scoop on three recent Westside sales, no mean feat during this extended stretch of negative absorption for office and industrial properties in the region. All three deals were brokered by The Klabin Company. In on...
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• Investors and Tenants Negotiate RREEF's Orange County Properties
9/26/02
San Francisco-based real estate investment advisor RREEF has seen a lot of activity at a couple of their Orange County properties, as they recently sold four industrial buildings at its Orangewood Stadium Business Park in Ana...
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• El Cajon Complex Sells for $8.7 Mil
9/26/02
A California limited partnership called Almansor Properties LP paid $8.7 mil for East County Commerce Center, a 105.2k sf ($83/sf) warehouse/distribution complex in El Cajon. The five-building center is located at 1308 N. Mag...
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• Pioneer Settles Down in Carson
9/26/02
Let's take a quick visit to the South Bay communities of Carson and Lakewood, where there's been a few recent deals to report. The first two transactions are lease renewals, as Watson Land Company has inked new deals with a c...
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• O.C. Office Seller Takes the Risk out of Tustin
9/25/02
Here's an update on some recent office and industrial sales in Orange County, which are a testimony to the strength of the owner/user market for properties under $10 mil. We'll start in Anaheim, where Coast Sign Company paid ...
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• Pro Moves: Management Team Buys Koll Construction
9/25/02
There's been a change of ownership at one of Orange County's stalwart construction firms, as Koll Construction has been acquired by the firm's current management team, led by company president Donald Dreusike and senior vice ...
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• Arden Goes Straight to the Source for Pair of La Palma Office Renewals
9/24/02
We're going to run down a few recent Orange County leases for you, starting in La Palma, where Arden Realty inked two expansion/renewal deals at their Centrepointe La Palma complex. The transactions combine for a total of 61k...
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• More Healthcare on the Verizon in Thousand Oaks
9/23/02
Here's an update on a deal we've been following for some time now, that being Baxter Healthcare's search and then extended escrow period for their new HQ location in the Conejo Valley. That process came to a conclusion as the...
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• Westside Regional Center Boosts Westside Leasing Market
9/20/02
Let's start off this West LA update in the Culver City/Fox Hills submarket, as Westside Regional Center, part of a network of agencies that offer assessment, case management and support to persons with developmental disabilit...
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• Oltmans Can Count on Reliable Deal in Santa Fe Springs
9/20/02
Here are a couple of recent leases from Santa Fe Springs, representing both ends of the economic spectrum. The first of these is a sizeable deal in which Downy-based Reliable Container Corporation inked a 10-year lease for a...
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• Shidler Inks another $5.5 Mil in Deals at Mission Valley Office Complex
9/19/02
If the experience of two major developers reflects the status of San Diego County leasing activity, then that market is definitely on the rise. For example, The Shidler Group has signed $5.5 mil worth of deals, for a total o...
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• Eye Care Network Cares Enough to Spend $4 Mil on Costa Mesa Building
9/19/02
Real estate pundits who track events in Orange County will want to know about a number of sales that have closed in that marketplace. Here's the scoop on three recent deals that are worthy of note. The first of these saw th...
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