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April 8, 2020
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SOUTHERN CALIFORNIA NEWS
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• South Bay New Grubb Hub after Royal Deal in Airport Area
5/22/02
There's been a mini-flurry of investment activity in the South Bay, as we've got four recent sales to report. We'll begin in the LAX area, where Beverly Hills-based Royal Airport LLC picked up a 209.2k sf office building for ...
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• Santa Monica Building Reaches New Heidts
5/21/02
In a Santa Monica investment deal, Heidt-Wilshire I LP, a real estate limited partnership, purchased the Wilshire-Franklin building, a 32.5k sf office property at 3201 Wilshire Blvd, by 32nd St. The three-story building, whic...
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• McMahon Scores Triple Play in Irwindale Esportia Deal
5/19/02
Demand for modern industrial buildings in the eastern San Gabriel Valley remains strong, as evidenced by this latest sale, in which Garment importer Esportia acquired three recently completed buildings in Irwindale, totaling ...
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• Bicycle Distributor Pedals into 133k sf Camarillo Facility
5/17/02
There's been some notable activity in the Ventura County/Conejo Valley communities of Westlake Village, Camarillo and Oxnard to report, as we begin in Oxnard, with news of a sizable industrial lease. AstroMetallurgical, a pro...
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• Investors See Opportunities in Older Downtown LA Properties
5/16/02
There have been a couple of recent sales of older buildings in downtown L.A., outside of the city's main financial core. In one of the deals, San Francisco-based Albion Pacific Property Resources paid $6.4 mil for a 195k sf (...
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• May 16, 2002 - Lowe and Lowe Team Up at The Exchange
5/16/02
In the city of Hawthorne, Lowe Enterprises has acquired an additional 17-acre parcel from Northrop Grumman for the development of the retail portion of The Exchange, Lowe's 105-acre mixed-use redevelopment of the long vacant ...
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• Western Realco E.A.G.L.E.s Vacancy Hole at Ontario Park
5/15/02
Western Realco has inked another big transaction at their Airport Mission Business Park in Ontario, as Evergreen Aviation Ground Logistics Enterprises (E.A.G.L.E), a ground handling services company, has committed to a seven-...
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• San Diego Broker Fights for Both Sides in Midway Lease Battle
5/13/02
There has been quite a bit of leasing activity in San Diego County of late, and we'll try and get you caught up with a number of the more interesting deals. We'll start in Carlsbad, where Maximum Coverage Media inked a $1.39 ...
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• Tenet Becomes $11 Mil Tenant in Brentwood
5/10/02
In a big West L.A. medical office lease, Tenet Healthcare Corporation has signed a 10-year transaction for approximately 33.5k sf at 11620 Wilshire Boulevard, one of the buildings at West Wilshire Center. The transaction is v...
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• Residential Developer Locks Up Commercial Deal in Westlake Village
5/09/02
We've got a trio of recent activity updates from three communities at the northern and western edges of the LA Basin, those being the areas of Valencia, Calabasas and Westlake Village. We'll first turn our attention to the no...
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• Stirling Starts Work on a $100 Mil Lake Forest Project that You Auto Know About
5/08/02
Let's sojourn down to the county of Orange and visit several noteworthy properties that have recently changed hands or have been leased to new occupants. We have been reporting for some time now that Emulex Corp, a Costa Mes...
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• Insignia and CB Brokers Keep Candle Space Leased at Both Ends
5/07/02
In a major deal that bodes well for the South Bay office market, Northrop Grumman Corporation locked up a 300k sf expansion lease at the current Candle Corporation HQ building in El Segundo, in a transaction worth over $46 mi...
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• Westside Tenant Relocates from One Universe to Another
5/06/02
We've got a few recent Westside lease comps for those of you out there who want to keep up on all of the latest deal activity in the area. In one lease, eUniverse signed a 54-month, $2.2 mil sublease for 25k sf ($1.63/sf/mo) ...
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• May 6, 2002 - Majestic's Latest Development in the City of Industry is Just Grand
5/05/02
Giant industrial park developer Majestic Realty has another huge business park underway in the City of Industry, in what is certainly the largest new development currently under construction in the San Gabriel Valley. Called ...
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• Kelly's Heroes Look for Paper Gold in Downtown LA
5/03/02
We've got a trio of recent leases from downtown LA to report, starting with an industrial deal at the southeastern part of the central city area. Kelly Paper Company, the well-known national supplier of printing products, lea...
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• Good Causes Deserve Good Coverage
5/03/02
It's always great when people go to extra lengths to help out others, so when we learn of some industry-related events put on to help charitable causes, we want to let others know about them. And it so happens that we've got ...
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• Proficiency to Squeeze out New Building at Citrus Park Business Center in Riverside
5/02/02
Let's turn our attention to some recent activity in the Inland Empire, starting in Ontario, where Ming Management LLC exercised an option to purchase the 228.4k sf Ontario Ridge Commerce Center for $10 mil ($44/sf). Ming is a...
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• San Diego Lease Comps
5/01/02
Here are a handful of recent leases from San Diego County, to help update your comp sheets. The first deal is in Vista, where JELD-WEN signed a five-year, $3.5 mil lease for 123.3k sf ($0.47/sf/mo) of industrial space at Nort...
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• Foods Company Fantis-izes about Santa Fe Springs Building
4/30/02
We've got a trio of recent deals to report from LA's Mid-Cities area, starting in Norwalk, where WLA Investments purchased Imperial Business park, a five-building, 111k sf business park at Carmenita and Pumice Streets. WLA, w...
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• We Alert You to some Major Office Listing Activity in the LA Area
4/29/02
There's quite a bit of talk about some major LA-area office properties that may be changing hands before too long. Thanks to a couple of recent pieces from Real Estate Alert, we're going to share some of this news with you. W...
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