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January 22, 2020
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SOUTHERN CALIFORNIA NEWS
Archive
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• Anaheim Activity Remains Strong after $40 Mil Lease at Arena Corporate Center
4/22/02
The Syndicated Office Systems subsidiary of Tenet Healthcare Corp has inked a 10-year lease for 150k sf of space at Arena Corporate Center, Trammell Crow Company's just commencing 383k sf office development adjacent to the Ar...
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• Long Beach Lease Calls for Urgent Care
4/19/02
Harriman Jones Medical Group, a Long Beach-based medical group, signed a renewal lease at their existing building that called for a reduction of about one third of their space. In this new deal, the tenant agreed to an eight-...
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• An Airline Deal for Howard Hughes
4/19/02
Qantas Airways, the world's second oldest airline, relocated their Americas/Pacific headquarters office after signing a seven-year, $3 mil lease for 12k sf ($2.98/sf/mo) at 6080 Center Drive in Westchester. The 12-story, 287k...
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• Businesses Love those Carlsbad Office Buildings
4/18/02
We'll start off our latest San Diego lease review in Carlsbad, where D.R. Horton San Diego Holding Company inked a five-year, $2.15 mil deal for 20k sf ($1.79/sf/mo) of office space at Crivello Commerce Center. The building i...
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• US Airways Takes Off from Scripps Ranch
4/17/02
It's time to update you on a number of recent San Diego County sales, starting in Scripps Ranch, where The Shidler Group, in partnership with Angelo, Gordon & Company, paid $7.9 mil for a 78.3k sf ($101/sf) two-building compl...
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• Windsor Door Slams Shut Lease for 25k sf Ontario Building
4/16/02
We haven't visited the Inland Empire in a little while, and there's been some interesting activity going on in the region. We've got a couple of leases and a pair of sales to review. Let's first head out to Fontana, which is ...
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• Triple Net Pays $23.6 Mil for Pacific Corporate Park in Lake Forest
4/15/02
Pacific Corporate Park, a 167.6k sf suburban office park in southern Orange County was just bought by Triple Net Properties LLC for $23.6 mil ($141/sf). Located at 25341-25391 Commercentre Dr, within the 286-acre master-plann...
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• A Towering Transaction in Burbank
4/12/02
Rentv's man on the street has heard that a major Tri-Cities office sale is about to close in the next week or so, with Beacon Capital Partners, the East Coast-based real estate investment company, as the buyer. The building i...
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• Church Finds their Way to Vacant Building in Downtown LA
4/11/02
Downtown L.A. is one of the hotter sub-markets in the Southland, and we've got a trio of recent deals from the city's central core to tell you about. We'll start with a couple of leases and wrap up with a smaller acquisition ...
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• Office Property Investor Wings It in Lakewood
4/10/02
Investors continue to display newfound interest in office properties throughout the Southland, and in the most recent example, Santa Barbara based-Pacifica Real Estate Group, acting as agent for a limited partnership, just pu...
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• RENTV Man About Town Hits Some Open Houses
4/09/02
We'll start this column in Beverly Hills, at Wilshire Blvd and La Cienega, where a couple of weeks ago a few dozen brokers gathered at the top floor publishing love palace of Larry Flynt to check out the man, and the building...
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• Investors Grab San Fernando Industrial Property in Hopes of Owning Piece of Camelot
4/08/02
Here's the scoop on a couple of recent deals in the San Fernando Valley, or is it still to early to call it Camelot? In the first transaction, Union Bank of California inked a 5k sf office lease in Northridge, after signing a...
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• Irwindale Landlord Sees Red after Engineering Firm Lease
4/05/02
In West Covina, a private investor paid $4.3 mil for Cameron Office Park, a 44.9k sf ($96/sf) office complex at 1700-1760 West Cameron Ave, south of the I-10 and west of Sunset Ave in West Covina. The seven-building property ...
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• Developer Plants a Daisy at Tejon Industrial Complex
4/05/02
Daisytek International, a $1.2 bil distributor of computer and office supplies, has signed a $15 mil, 15-year lease for 326k sf ($0.255/sf/mo), roughly half of a 651k sf industrial facility, in the Tejon Industrial Complex. S...
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• Glenborough Grabs Encino Office Property; Douglas Emmett Closer to Warner Center Buy
4/04/02
Glenborough Realty Trust, the NYSE-traded national office and industrial REIT, has purchased First Financial Plaza, a classy six-story, 223k sf office building at 16830 Ventura Blvd, by Balboa Blvd in the upscale San Fernando...
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• Stanley Black Becomes a Trojan Man
4/03/02
In Santa Fe Springs, Black Equities paid $7.4 mil for a 160.4k sf ($46/sf) manufacturing building located at 12380 Clark Street, between Norwalk Blvd and Bloomfield Ave, a couple of blocks south of Telegraph Road. The single-...
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• Library Return was Overdue
4/03/02
In what may represent a change in tactic for Robert Maguire, his firm, MaguirePartners, has announced that they've bought out their partner for the remaining 75% interest in Library Tower, the 73-story landmark skyscraper in ...
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• Law Firm Inks $25 Mil Renewal/Expansion in Downtown LA
4/02/02
In downtown Los Angeles, the law firm of Lewis, D'Amato, Brisbois & Bisgaard LLP signed a six-year, $25 mil ($2.97/sf/mo) renewal/expansion lease at 221 North Figueroa St, bringing their total space at the 10-year-old high-ri...
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• BentleyForbes Spreads the Cash Around on Fertilizer Facility
4/02/02
In a major Temecula transaction, BentleyForbes has purchased a 412.6k sf industrial facility, built and occupied as the manufacturing and distribution headquarters for The Scotts Company, a producer of seed and fertilizer spr...
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• The RENTV Real Estate Man about Town
4/01/02
We'll end the month of April with a review of some of the events you may have seen us at over the past month, around SoCal. We'll start close to home, in El Segundo, about a month ago, when about 60 top brokers from around th...
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