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April 1, 2020
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SOUTHERN CALIFORNIA NEWS
Archive
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• Westside Media Center May Lead Westside Turnaround
8/28/02
Could we be seeing the early stages of a turnaround in the West LA office market? There's been a flurry of recent activity, with one of the Westside's biggest victims of the dot.com meltdown, Kilroy's Westside Media Center, n...
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• Kearny and Morgan Stanley Team Up to Preserve Santa Fe Spring's Heritage
8/27/02
In what stands as the largest Mid-Counties investment transaction so far this year, Kearny Real Estate Company and the Morgan Stanley Real Estate Funds (MSREF) have acquired a controlling interest in Heritage Corporate Center...
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• Don't Miss Out on these Important Industry Events Coming Up
8/27/02
This coming weekend we celebrate Labor Day, the final summer holiday and a reminder that summer is winding down. In the days to follow, fall sessions will begin full force at schools and universities, while businesses pick up...
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• Pro Moves: Haverford goes for the Gold
8/26/02
The competition among commercial real estate firms to hire and retain top industry pros continues to heat up, as we've got a few more major Pro Moves to report since our last update, a couple of weeks ago. We'll start on the ...
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• Get the Scoop on Some Firms Searching for Space in Downtown LA
8/26/02
Unlike some of the submarkets in the LA Basin, where there's very little office activity, in downtown there are a number of companies looking around for space, a few of which we'll mention for you in this report. But before w...
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• Another Green Light for Jim Thomas
8/26/02
In the latest news about Kilroy Realty's here-to-date unsuccessful efforts to block development of El Segundo Corporate Campus, Thomas Properties Group's planned 2.1 msf mixed-use project in El Segundo, Los Angeles Superior C...
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• Triquest Development Pays $14.7 Mil for San Marcos Business Complex
8/25/02
Las Vallecitos Business Center, a seven-building, 150.8k sf mixed-use development recently changed hands, as Triquest Development Company paid $14.7 mil ($97.50/sf) for the property. Built in 1978, the complex sits on just un...
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• Get Ready for RiverPark!
8/25/02
This introductory report about the soon-to-begin construction of the RiverPark development in Oxnard is sure to be the first of many, considering the time it will likely take to complete this massive project. The attached im...
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• Not-so-Plain Deals from the Oxnard Plain
8/23/02
The folks at the Ventura office of CB Richard Ellis have passed on some info about a handful of recent deals out that way, which we've covered for you in this piece. All of these properties lie in the Oxnard Plain, an area t...
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• LBA and AEW Team Up for $33.5 Mil Santa Fe Springs Buy
8/23/02
A partnership of Newport Beach-based Layton-Belling & Associates and AEW Capital Management has acquired Town Center Business Park a master-planned 457.5k sf complex in Santa Fe Springs. The new entity, called LBA-VIF I, pai...
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• The Show Must Go on as Church Buys Vacant Theater in Montclair
8/22/02
Let's catch up with some recent deal activity from the Inland Empire, starting in Rancho Cucamonga, where Rafco Products Brickform inked a six-year, $1.66 mil lease for a 79.1k sf ($0.29/sf/mo) industrial building at 11061 Je...
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• Anaheim Hills Corporate Center Sells for $11.3 Mil
8/21/02
WLA Investments has added Anaheim Hills Corporate Center, formerly Foremost La Palma Industrial Park, to its investment portfolio, by paying $11.3 mil for the 134.5k sf ($84/sf) property. Located at 4875-4887 E. La Palma Ave...
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• Insignia/ESG Boosts their Management Biz in SoCal
8/21/02
Insignia/ESG has recently been awarded new management contracts for over 1.3 msf of space, comprised of office, industrial and retail properties throughout greater Los Angeles and Orange Counties, according to a recent announ...
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• Pro Moves: Top Companies Name Some New Top Execs
8/20/02
There have been a number of major executive moves in the industry over the last couple of months, a few of which we'll run down for you in this report. To start, we'll mention a change of leadership at a big office REIT, as T...
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• CT Fullerton Buy Shows Why Everyone Loves Raymont
8/20/02
We'll start off this Orange County sales review in Fullerton, where CT Realty Corp paid $7.45 mil for a 192.8k sf ($39/sf) industrial building at 800 S. Raymond. The free-standing corner property sits on nine acres of land, b...
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• August 19, 2002- Hitachi Trucks into Siempre Viva Business Park
8/19/02
Hitachi Transport System Ltd, the largest warehouse, logistics and distribution company in the Otay Mesa region, signed a five-year lease for 112k sf of space at Siempre Viva Park, a 2 msf master-planned business park just no...
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• Arden Signs Law Firm to $16 Mil Lease at Westwood Center
8/16/02
Liner Yankelevitz Sunshine & Regenstreif, LLP (LYS&R), a Santa Monica-based law firm, has inked a 10-year lease for 38.85k sf at Westwood Center, the award-winning tower at 1100 Glendon Ave in Westwood Village. The transactio...
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• Maguire Schools LAUSD in Real Estate Leasing
8/15/02
The LAUSD has finalized a big office renewal in downtown Los Angeles, as they opted to remain at MaguirePartners' KPMG Tower on Bunker Hill, rather than relocating to the Transamerica Center, the primary competitor for the he...
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• PT Cruises on Santa Monica Blvd
8/15/02
Here's a trio of interesting recent Westside office deals, one lease and a pair of sales. We'll start with the lease, as A.G. Edwards & Sons, one of the nation's oldest and largest investment firms, inked a 10-year, $4 mil de...
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• August 14, 2002 - Big $55 Mil Pre-Lease Enables MaguirePartners to Add an Asset to Its Assets
8/14/02
In a vote of confidence for the Tri-Cities office market, Western Asset Management, one of the world's premier fixed income investment managers has signed a $55 mil, 10-year-lease agreement for 155k sf ($2.96/sf/mo) of office...
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