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April 1, 2020
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SOUTHERN CALIFORNIA NEWS
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• Kilroy Locks Up $15 Mil Sorrento Mesa Deal with Credit Union
8/14/02
San Diego continues to be active, as we've recently gotten info on a flurry of closed deals. These are a few of them, but look for a bunch more over the next week. USE Credit Union, San Diego County's fifth largest credit uni...
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• Coca-Cola Bottles Five-Year Deal in Downtown LA
8/13/02
While researching our latest Downtown LA Hot Transactions report, we came across a handful of recent leases that we've not yet reported on the site, which we thought you might want to know about. We'll review them for you her...
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• Samsung Lands on Park Place
8/12/02
In this report, we're going to give you a brief update on a number of recent leases from Orange County. To start, we'll go to the master-planned city of Irvine, to mention three deals, including Samsung Electro Mechanics' 78-...
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• Arden Makes $66 Mil Office Buy in Torrance
8/10/02
Investment activity in the South Bay seems to be heating up. Just a week or so after reporting a couple of major office sales in the region Commercial Ventures' $28.5 mil buy of Andrex Point and The Abbey Company's $20 mil ...
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• $125 Mil South LA Mixed-Use Development gets Go-Ahead from City
8/09/02
Last week, the Los Angeles Community Redevelopment Agency approved the $125 mil Marlton Square project, a mixed-use redevelopment plan for the former Santa Barbara Plaza site. The agency also agreed to its portion of a $42.2 ...
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• Tishman Speyer Takes Great Protocare with Latest Renewal at MGM Plaza
8/09/02
A 13.2k sf office building in Marina del Rey was acquired by HIJD Family Trust for $2.25 mil ($170/sf). Located at 13470 Washington Blvd, near Lincoln Blvd, just a few blocks away from the new Rentv World HQ facility, the buy...
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• TDC Puts 623k sf Food Facility on Its Table
8/08/02
Transpacific Development Company (TDC), a Torrance-based full service real estate development, investment and management firm has purchased a 623k sf distribution facility on behalf of Sacramento Foodco Investors LLC, a TDC a...
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• Medical Real Estate Group Leases Spacey to Facey in Valencia
8/07/02
Pacific Prime Properties, an investment group led by David Hager and Elliott Dolin, picked up a highly improved 112k sf industrial building on 8.9 acres at 200 West Los Angeles Ave in Simi Valley for $6.825 mil ($61/sf). A co...
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• Warner Corporate Center Lucks Out with Latest Deal
8/06/02
Although demand for office space in the San Fernando Valley remains weak, we do have a couple of recent transactions in the area from professional firms to report. However, like much of the current market activity, neither of...
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• Here's the Scoop on Three Tenants Looking for at Least 100k sf Around the SF Valley
8/06/02
While the majority of our coverage tends to be about completed transactions, Rentv also digs up a lot of info about tenants looking around for space, as most of our Executive Subscribers can attest to since all of our Hot Tra...
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• Northrop Grumman Targets More Space in Rancho Bernardo
8/05/02
Northrop Grumman Systems Corp, the international aerospace and defense firm, in need of additional space for their Global Hawk reconnaissance system unit, inked a sizable lease in Rancho Bernardo. Northrop signed a $5.4 mil d...
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• Here's the Play-by-Play on a Couple of Downtown LA Industrial Sales
8/05/02
Investors continue to show interest in downtown LA industrial product, and we've got comps from a couple of $5 mil deals from the southeastern part of the area. One building, at 1855 Industrial St, east of Alameda St by Mateo...
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• Wells Fargo Chases Down $2.5 Mil Sublease in Downtown LA
8/02/02
In a downtown L.A. sublease arrangement, JP Morgan Chase & Company inked a $2.5 mil deal for 17.2k sf of space from Wells Fargo Bank at the Garland Building, at 1200 W. 7th St. According to a press release about the transacti...
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• Thomas Properties Takes Round Two in Fight to Develop El Segundo Campus
8/02/02
In another setback to Kilroy Realty's attempt to block development of El Segundo Corporate Campus, Thomas Properties Group's planned 2.1 msf mixed-use project in El Segundo, a Superior Court Judge last week ruled against Kilr...
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• Commercial Ventures Cures Hyundai of Andrex
8/01/02
You've been hearing this same story from more and more office market reports of late very few tenants shopping for space but a lot of investment activity. And nowhere is this more apparent than in the South Bay, where vacan...
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• NBC Division Says NBC-Ya-Later to Current Home and Hello Pinnacle
7/31/02
Although pros tell us that the short-term outlook for activity in Burbank remains rather dismal, with few new sizable tenants touring space, there have been a couple of recent entertainment industry deals to report, one of wh...
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• Watson Lands Two More Tenants in Carson
7/30/02
We've got more news from Watson Land Company, the big LA-based developer of master-planned industrial centers. Just a couple of days after letting you know about the company's acquisition of a 32-acre site in Ontario, for the...
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• Adler Addles into Pasadena with a $2 Mil Buy
7/29/02
Woodland Hills-based Adler Realty Advisors has picked up a 26.2k sf mixed-use property at 1450-1460 N. Lake Ave, north of Washington Blvd in Pasadena. The office/industrial property, which sits on 1.3 acres of land, was sold ...
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• Kearny Mesa Building to House San Diego Workforce
7/29/02
Sammy Holding Company will be moving into NorthPointe Tech Center, after inking a seven-year, $5.2 mil lease for 47k sf ($1.32/sf/mo) of space at the three-building complex. Originally part of a 251.5k sf Hughes Electronics f...
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• UPS Delivers Logistics Subsidiary to New Rancho Cucamonga Facility
7/28/02
Watson Land Company, already one of the largest developers of master-planned industrial centers in the L.A. area, a few weeks ago paid $7.3 mil for a fully entitled 32-acre ($5.24/sf) site within Catellus Development's 588-ac...
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