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March 28, 2024
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SOUTHERN CALIFORNIA NEWS
Archive
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• Guthrie Spends $28 Mil on Pair of SoCal Condo Redev Opportunities
3/30/07
SoCal-based Guthrie Development Company recently acquired two properties in Southern California for redevelopment. The assets, located in Paramount and Los Angeles, sold for a total of $28.1 mil and will be redeveloped by Gut...
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• Lincoln Property Reaches $22 Mil Summit in Riverside
3/29/07
Lincoln Property Company continues to ramp up its SoCal deal activity with the recent purchase of Summit Business Centre, a five-building, 140k sf office park in Riverside, for $22.5 mil ($161/sf). The buildings, which were c...
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• Real Estate Man about Town Turns the First Quarter
3/29/07
With the first quarter already coming to a close, let's take a little RENTV rewind on some of the more interesting, entertaining and important events of the first frame of '07. At the top of the excitement scale was the gra...
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• Landmark Becomes a Legacy
3/28/07
The landmark One World Trade Center office tower in downtown Long Beach was acquired by Legacy Partners, as has been expected for the past several months. The Foster City-based firm paid $149 mil for the 570k sf ($260/sf), Cl...
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• Investors Go for those Gardena Industrial Assets
3/28/07
A 117k sf industrial property in Gardena was purchased by a private investor for just over $9 mil ($77/sf). The two-building complex, located at 14400 S. Figueroa St, south of Rosecrans Ave and east of the 110 Fwy, is occupi...
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• GreyHawk Takes Off in Carlsbad
3/28/07
Seven buildings have been sold so far at GreyHawk Business Center, a new 28-building industrial/R&D project in Carlsbad developed by Davis Partners and Greyhawk Associates, an affiliate of Arnel & Affiliates,. Collectively, t...
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• ING Clarion Fund Picks Up Pair of Otay Mesa Facilities
3/27/07
An ING Clarion Partners-advised fund has purchased two Otay Mesa buildings in Siempre Viva Business Park, totaling 352k sf, for $41.6 mil ($118/sf). The buildings were sold by Murphy Development Company, the largest industria...
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• ProLogis Scoops Up Compton Industrial Complex
3/26/07
ProLogis, the big Denver-based industrial developer/owner, has purchased a two-building, 181.7k sf complex at 200 E. Stanley St and 233 E. Manville St in Compton for $21.2 mil ($117/sf). The buildings, located at the intersec...
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• OMP Acquires 65k sf South Bay Office Asset
3/26/07
Overton Moore Properties (OMP) has acquired Hamilton Corporate Center, a 65k sf, Class A office building located on a three-acre site at 19300 Hamilton Ave, just west of the 110 Fwy and south of the 405 Fwy in LA's South Bay....
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• Higgins to Build Spec Office Tower in Burbank
3/22/07
Feeling confident about the tightening office market in the Tri-Cities area, Higgins Development Partners has announced plans to build a new seven-story, 363k sf office tower in Burbank. The spec project, to be developed in a...
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• Moderate Year Predicted for San Diego's Office Market
3/22/07
San Diego County's office market is poised for moderate activity over the coming year, thanks in part to slower but still positive employment growth and a stable foundation in professional services that supports the region's ...
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• Foley & Lardner Takes 52k sf Downtown LA Space
3/21/07
The law firm of Foley & Lardner LLP has inked a deal for 52.7k sf of office space at City National Plaza, located at 555 South Flower St in downtown Los Angeles, in a 10-year deal worth over $18 mil ($2.85/sf/mo). The firm, w...
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• Pro Moves
3/20/07
Johnson Capital, the Irvine-based real estate investment banking firm led by Guy Johnson, is opening a new office in Vail, CO, to be led by Thomas D. “TK” Klein, Managing Director, along with Michael A. Cantwell of Johnson's ...
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• Shidler Generates $114 Mil from Sale of Houston Office Tower
3/20/07
The Shidler Group, the active San Diego-based real estate investment company, in partnership with Angelo, Gordon & Co, collected $114.5 mil from the sale of a 786.4k sf ($146/sf) office tower at 1301 Fannin St in Houston. Th...
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• Western Realco Closes 85k sf Santa Fe Springs Buy
3/19/07
Newport Beach-based Western Realco has acquired an 85.9k sf industrial building situated on a 409k sf site at 11919 Smith Ave, north of Telegraph Rd between Norwalk Blvd and the 605 Fwy in Santa Fe Springs. The building is se...
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• Birtcher Picks Up 52 Acres for Riverside Industrial Project
3/19/07
Birtcher Development & Investments has acquired 52 acres of raw land in Riverside for the development of an 825k sf, multi-building industrial center to be called Birtcher Business Centre at Corona Valley. The land, located s...
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• Pro Moves
3/16/07
Bill Hagelis/Linda Hagelis/Paul Capra Team Hagelis -- Bill Hagelis, Linda Hagelis and Paul Capra -- has joined the recently opened Ventura County office of Lee & Associates. Specializing in retail services, Bill and Linda hav...
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• HSBC and UnitedHealthcare Ink Deals at Glendale Tower
3/16/07
LaSalle Investment Management recently closed leases with two tenants for a combined 27.8k sf of space at 505 N. Brand Blvd, a 16-story, 320k sf Class A office tower in the heart of Glendale's financial district. The latest d...
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• Development of High-End Resort Underway at Former Marineland Site
3/15/07
Terranea Resort, an exciting new 582-room coastal development located in Ranchos Palos Verdes, has just broken ground. The $450 mil Mediterranean-style resort, a development of LA-based Lowe Enterprises, covers 102 acres atop...
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• Kearny Moves Forward with 204k sf Hawthorne Industrial Park
3/15/07
Construction has been started on Century Business Center, an 18-building, 204k sf state-of-the-art industrial complex being developed by Kearny Real Estate Company in Hawthorne. The buildings, designed to address the limited ...
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