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• Universal Studios Acquires Burbank Office Building for Credit Union
1/04/07
Universal City Studios Credit Union has acquired a 40.5k sf multi-tenant office building in Burbank, which it plans to use as a new branch and headquarters location. The building, located at 175 E. Olive Ave, between I-5 and ...
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• Cisterra Wins $37.5 Mil Verdict Against The Irvine Company
1/04/07
In a December decision that saw an up and coming SD-based developer take on a giant in a courtroom battle, Cisterra Partners was awarded a $37.5 mil verdict by a San Diego Superior Court in a lawsuit the firm brought against ...
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• Arden Wheels and Deals $350 Mil Worth of Assets
1/03/07
Arden Realty, the LA-based office REIT that was acquired by GE Real Estate for $4.8 bil this past May, has been very active in making over its portfolio. The company recently closed two large multi-property transactions in So...
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• SoCal Pro Moves
12/28/06
Todd R. Doney, Vice Chairman at CB Richard Ellis, recently achieved an unprecedented level of office leasing activity, executing more than 1 msf of office lease transactions within a 45-day period. In total, the transactions...
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• Continued Growth to Spur on Strong Inland Empire Region in 2007
12/28/06
The Inland Empire is on track to close 2006 with vacancy rates at record lows and construction levels at record highs in the office, industrial and retail markets. Or so says national brokerage firm Grubb & Ellis Company, whi...
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• PM Realty Group Wins Big Manhattan Beach Assignment
12/27/06
Wells Real Estate Funds has awarded the exclusive leasing assignment for Manhattan Towers to PM Realty Group (PMRG). The 309.7k sf two-building, Class A office project is located at 1230 and 1240 Rosecrans Ave, east of Sepulv...
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• All Signs Looking Up after Opus Tilts Walls at Carlsbad Office Project
12/22/06
The walls have been tilted at Opus Point Corporate Center, a new 103.6k sf, two-story office building located at 3115 Melrose Dr in Carlsbad. The project, a development of Opus West Corp, is part of Phase I at Opus Point, the...
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• Ebbert Real Estate and AMB Solve the Matrix
12/21/06
A joint venture of Sheridan Sylmar-based Ebbert Real Estate Development and AMB Property Corporation are underway with a new a 24-building business park in Torrance. Slated to fill a void in the region for small buildings for...
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• EMI Records a 10-Year Lease at 1800 Highland
12/21/06
EMI Music North America has signed a 10-year lease for 50k sf of space at 1800 Highland, a seven-story, 87k sf office tower in Hollywood. EMI intends to relocate about 200 employees into four floors at the building, which was...
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• Valley Building to Get New Zodax Sign
12/20/06
Principals of Zodax, a decorative home accessories provider, acquired a newly completed 200k sf build-to-suit facility at The Plant, a mixed-use business campus in Panorama City. The facility, which represents an expansion an...
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• Safeco Acquires 190k sf Riverside Building
12/20/06
Safeco Inc, a Minneapolis-based provider of organization and comfort enhancing products for the workplace, purchased a newly constructed 190k sf industrial building at 14605 Innovation Dr, within Meridian Business Park in the...
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• Broadreach Closes $100 Mil West Hollywood Purchase
12/20/06
Broadreach Capital Partners has acquired the Sunset Millennium office and retail complex on Sunset Blvd in West Hollywood from Apollo Real Estate Advisors LP in a deal valued at just over $100 mil. The centerpiece of the Suns...
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• New San Jacinto Project to Offer Industrial Spaces for Smaller Users
12/19/06
DBN Development LLC has announced plans to develop an 80k sf industrial project geared to small business owners and entrepreneurs in the Inland Empire city of San Jacinto. The project will provide individual units starting at...
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• Five Buildings Sells at Vista Industrial Park
12/19/06
Burke Sycamore Partners has sold five industrial buildings within the second phase of its Burke Sycamore Business Center in Vista, in separate transactions valued at more than $7.1 mil. This brings the total building sales a...
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• SoCal Pro Moves
12/18/06
Troop Real Estate, the regional real estate brokerage firm based out of Ventura, has made some significant expansion and re-configuration changes to its commercial real estate division, in an effort to better serve its client...
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• OC Firm Closes $28 Mil New England Buy
12/18/06
Newport Beach-based KBS Real Estate Investment Trust (KBS REIT) has acquired 825 University Ave, a 166.6k sf Class A office/R&D building in Norwood, MA for $28.8 mil ($173/sf). The purchase marks the fifth asset for KBS REIT,...
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• Property Management Notes
12/15/06
PM Realty Group (PMRG) has been awarded three SoCal property and construction management assignments by Newport Beach-based WCB Properties. Totaling 371.6k sf, the office and retail properties are located in Chatsworth, Tust...
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• Asset Management Consultants Picks Up Pair of Kearny Mesa Office Buildings
12/15/06
Asset Management Consultants has acquired two office buildings totaling 137.3k sf at 8825 and 8875 Aero Dr, within Aero Business Center in San Diego's Kearny Mesa area. The buildings, situated east of the confluence of the 16...
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• Mechanix Wear to Wear New Valencia HQ
12/14/06
Sheridan Ebbert Real Estate Development of Sylmar is currently under construction on a new $11 mil HQ facility for Mechanix Wear, the high-performance glove marketer prominent on the NASCAR circuit, in Valencia. The building,...
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• Watson to Milk 1.5 msf Out of 83-Acre Former Dairy Site
12/14/06
Watson Land Company has acquired 83 acres in Chino for the development of a master-planned industrial park, the firm's second major project in Chino. The company intends to develop up to 1.5 msf of small to mid-size building...
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