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July 8, 2020
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SOUTHERN CALIFORNIA NEWS
Archive
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• Legal, Government and Non-Profits Consume Space on the Westside
2/03/03
The signing of a ten-year lease at 1901 Avenue of the Stars in Century City is the culmination of a five-year search by a nationally recognized Los Angeles-based law firm and the featured story in this report of recent lease ...
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• Western Realco Big Boxes Go Real Fast
1/31/03
The Inland Empire has become known for its “big box” warehouse and distribution buildings and these tend to lease up fairly quickly, even on a spec basis. And in the city of Ontario, that's what Vance Mape, President of West...
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• Eastwood Insurance Wraps up Savi Buy in Yorba Linda
1/31/03
The first month of 2003 is not yet complete and we already have an abundance of significant sales to report in the Orange County marketplace. Of course, we hear about more than the usual number of transactions in January, as...
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• Irvine Office Building Adds the Union Label
1/30/03
Here's news of another significant Orange County office deal, from a couple of weeks ago, as Union Bank of California inked a seven-year, $14 mil lease for 64.7k sf ($2.58/sf/mo) within Irvine Center Towers. Located at 18300 ...
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• Tile Company Cements Acquisition of 100k sf Sylmar Facility
1/29/03
Industrial sales activity in the San Fernando Valley continues on a fast pace, one month into the new year, as evidenced by these recent examples. We begin in the northeast SF Valley town of Sylmar, where Fresno-based Bedrosi...
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• Quiksilver Rides Industrial Wave into another 200k sf in Huntington Beach
1/29/03
An industrial deal is the lead story in this account of recent Orange County leases, with the signing of surfwear and sportswear giant, Quiksilver Inc, to two five-year leases for more than 200k sf of industrial space in Sare...
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• Arden's Broker Promo a Big Success
1/28/03
Who says that broker promotions don't pay big dividends? Arden Realty, SoCal's biggest office landlord, recently hosted a black-tie event at the Bel Air Bay Club in which Hunt Barnett of Insignia/ESG and Blake Mirkin of CB Ri...
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• San Diego Credit Union Makes $17 Mil Buy of Sorrento Mesa Building
1/28/03
San Diego County Credit Union, the county's largest locally owned credit union, has bought itself a new HQ location, having paid $17 mil for a vacant 103k sf ($165/sf) flex building at 6545 Sequence Dr, north of Mira Mesa Blv...
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• Shoe Manufacturer Steps Out with $8 Mil Buy of El Segundo Facility
1/27/03
We've got two very dissimilar transactions from the South Bay to report, with one being an industrial building acquisition in El Segundo and the other an office lease in Long Beach. We'll start with the pricier deal, that bei...
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• Teachers Swept Up by Lowe Tide
1/27/03
A partnership made up of Lowe Enterprises and Teachers Insurance and Annuity Association (TIAA) has formed a new venture called Lowe Enterprises Investment Management LLC, which will take over the business operations of Lowe'...
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• National Brokerage Leaders Offer Valuable Insight at Outlook Conference
1/25/03
By Allen Wolfsheimer allenw@rentv.com For those of you who missed Real Estate Conference Group's 2003 Outlook Conference earlier in the week at the Beverly Hills Hilton – and there couldn't be many since there was a huge tur...
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• Binocular Manufacturer Zooms in on Rancho Cucamonga Facility
1/24/03
Let's turn our attention to some recent industrial deal activity in the Inland Empire, starting with a $7 mil investment buy in Temecula. In this transaction, Bay West Equities, a SF-based private investment firm, purchased a...
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• January 24, 2003 - Thomas Fills Up at Arco
1/24/03
By Steve Bloom sbloom@rentv.com We heard the whispers last week at the LAHQ event Jim Thomas spoke at, that he was buying Arco Plaza, but we have to admit, we didn't have all the pieces written yet when we read the LA Times ...
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• January 23, 2003 - Kearny Mesa Opportunity a Cut Above Thanks to $9 Mil Sharp Healthcare Renewal
1/23/03
Here's news of a sharp industrial investment opportunity in Kearny Mesa, as a fully occupied 410k sf industrial facility at 4000 Ruffin Rd was just put on the market, with an asking price of $39 mil ($95/sf). The building is ...
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• New Camarillo Office Development Makes the Grade
1/22/03
Camarillo Commuters, returning home via the “Camarillo Grade,” will soon encounter an unlikely sight invading the usual serene open spaces that have graced this portion of the 101 Fwy, as they wend their way down towards this...
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• Champion Underway with Gaslamp Square in Downtown San Diego
1/21/03
Here's an update on an exciting new $100 mil mixed-use development that will add considerably to San Diego's rapidly redeveloping downtown and will connect the city's happening Gaslamp Quarter with the new Ballpark district. ...
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• $45 Mil Clear Channel Lease a Strong Signal for Burbank Office Market
1/20/03
In a major transaction that RENTV had alluded to in our San Fernando Valley Hot Transactions report last July, San Antonio-based Clear Channel Communications Inc will be moving its eight Los Angeles-area radio stations into 9...
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• Hawthorne Landlord Star-Struck by Latest Tenant
1/17/03
There's been some industrial activity to report from the South Bay communities of Inglewood and Hawthorne. We'll begin with news of the latest deal, that being Empower RF Systems' $1.5 mil buy of a 17.3k sf ($87/sf) industria...
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• Equity Exits Inland Empire Office Market
1/16/03
Equity Office Properties, the nation's biggest office landlord, recently sold four Inland Empire office buildings, part of a whopping $180 mil of properties nationally, totaling 1.35 msf of space, that the Chicago-based REIT ...
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• Commercial Ventures Completes $18 Mil Encino Office Buy
1/15/03
There have been a couple of major office property sales to report from the San Fernando Valley, one in Woodland Hills and the other in Encino, over the last week or so. Let's start in Warner Center, the master-planned busines...
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