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April 1, 2020
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SOUTHERN CALIFORNIA NEWS
Archive
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• Opus West heads Inland
9/18/02
Phoenix-based Opus West Corp, a subsidiary of Opus Group, one of the nation's largest developers, continues it's march into the Inland Empire with a couple of major undertakings on the drawing board. Opus has been named Deve...
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• Santa Barbara Group Pays $13 Mil for Downtown Long Beach Plaza
9/18/02
A Santa Barbara investment group bought Downtown Plaza, a 100.1k sf office building in downtown Long Beach, for just over $13 mil ($130/sf). Located at 211 E. Ocean Blvd, by Long Beach Blvd, the 20-year-old structure is six s...
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• Possible Prelude to Public Offering? Maguire Acquires KPMG Tower
9/17/02
It appears that Rob Maguire has acquired his partners' interest in another downtown LA skyscraper, this one being the 1.1 msf KPMG Tower at 355 S. Grand. According to the LA Times, MaguirePartners has purchased the 60% stake ...
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• Douglas Emmett Closes On Huge Warner Center Office Buy
9/16/02
Warner Center Plaza, the six-building, 1.8 msf portfolio of office towers in the West San Fernando Valley, has officially been sold. Wrapping up an ongoing story that we and other news agencies have been following for some ti...
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• It Looks Like another Firm Deal at MGM Tower
9/13/02
It looks like JMB Realty is close to signing another prestigious tenant at their yet-to-be-completed MGM Tower in Century City. Per a recent report in the LABJ, the law firm of Christenson Miller Fink Jacobs Glaser Weil & Sha...
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• Sunny Days Ahead in Rancho Cucamonga
9/12/02
Sunny Designs Inc, a leading importer and distributor of furniture to the national retail market, has paid $6.4 mil for a new state-of-the art, 140.2k sf ($46/sf) industrial building in Rancho Technology Park, in a move that ...
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• Human Resources Firm Beams into Sunroad Corporate Centre
9/12/02
Let's catch up on a few recent lease comps from down San Diego way, starting in University Towne Centre, where Drake Beam Morin, a provider of strategic human resources, signed a five-year, $1.2 mil lease for 5.85k sf ($3.42/...
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• CT Keeps Buying and Muller Keeps Selling
9/10/02
A partnership made up of CT Realty Corp and Searles DevCorp has paid $18.7 mil for Foothill Plaza, a 208k sf ($90/sf) Class A office complex in Foothill Ranch. Located at 27422 Portola Pkwy, the recently completed two-buildin...
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• Red Sea Tidal Wave Hits Warner Center
9/09/02
Red Sea Group has nabbed another SoCal office property, as the Israel-based company paid around $22 mil for a 101k sf ($218/sf) building at 6109 De Soto Ave in Woodland Hills, per a recent story in the LA Times. Currently the...
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• Arden Closes $69 Mil Investment in San Diego
9/06/02
Arden Realty, the NYSE-traded REIT led by Richard Ziman and Victor Coleman, recently closed a major office acquisition in San Diego, having picked up four properties with a total of 370k sf. Located in Mission Valley, Del Mar...
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• September 6, 2002- $600 Mil Mixed-Use Project No GardenWalk in the Park for Price Legacy
9/06/02
Excel Pointe Anaheim LLC, a division of San Diego-based Price Legacy, has begun construction on GardenWalk, a $600 mil mixed-use development at Harbor Blvd and Disney Way in Anaheim. Situated on about 29 acres, the project is...
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• M. David Paul Will Sleep Well after Insomniac Deal
9/06/02
The Shidler Group continued with their selling ways of late, as they sold the Pasadena Office Tower at 150 S. Los Robles to an investment partnership for $22.3 mil ($159/sf). Built in 1971, the nine-story building is situated...
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• Healthcare Firm Makes Specialty Buy in Beverly Hills
9/05/02
Here's a trio of recent investment sales in LA, two of which were bought by SCI Investments, the eight-year-old West LA investment firm. One of their purchases was for Parkside Medical Center, a 62k sf Santa Monica complex an...
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• Overton Moore Means Business with New Citadel Project
9/04/02
Overton Moore Properties (OMP), the successful Gardena-based business park developer, has announced plans to purchase a 47-acre site in the City of Commerce, with plans to construct a $40 mil development called Citadel Busine...
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• Staubach Brokers Really get Intuit in San Diego
9/03/02
Intuit, the software development company that produces such popular products as Quicken and TurboTax, inked a five-year sublease for 63k sf of office space in the second phase of Bridge Pointe Corporate Centre, in a deal wort...
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• Studley Brokers Run BNC into $10 Mil Lease at Koll Center Irvine
9/03/02
BNC Mortgage, a residential mortgage company, has inked what is reported to be the largest lease within Orange County's Airport market so far this year. The company will occupy about 40% of the space at 1901 Main St, after ag...
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• IRP Muller Associates Receives $19.5 Mil from Sale of Irvine Complex
8/30/02
Let's head over to Orange County to review some recent sales. Before we tell you about the closed deals, however, we want to pass on a news byte about a looming major sale that is moving closer to being a done deal. The prope...
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• Tyco Signs Healthy $7 Mil Lease in Ontario
8/30/02
We're going to let you know about four recent industrial building sales in the Inland Empire, but before we do, we'll review a sizable lease in the region. The tenant in the lease is Tyco Healthcare Retail Group, a subsidiary...
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• Pair of Conejo Valley Office Projects Open their Doors
8/29/02
Developers have recently completed two office developments in the Conejo Valley communities of Calabasas and Agoura Hills, west of the San Fernando Valley. One of the projects is Canyon Vista Office Park, a $20 mil Class A bu...
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• Shidler not Shy about Selling San Diego Office Properties
8/29/02
In this report, we're going to cover a number of recent sales in San Diego County. Before we do, however, we're going to pass on news of a major office property in the city reported to be on the market. According to a recent ...
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