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• Turner Construction Builds $5.3 Mil Renewal Lease in Sorrento Mesa
11/14/06
JPI Development Services, a residential real estate firm, inked a seven-year, $4.5 mil lease for 16.6k sf ($3.23/sf/mo) of office space at Ocean Ridge at Carlsbad Ranch. With its planned move to Ocean Ridge in January 2007, J...
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• October Real Estate Man about Town
11/13/06
By Steve Bloom
It's amazing we can get any actual work done in October, with so many industry events to attend. And while you may have heard about several of them in the Event Section of the RENTV email newsletter, The Real ...
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• BH Properties Makes $12.5 Mil Utah Buy
11/13/06
LA-based BH Properties has acquired the 118k sf corporate offices of the SirsiDynix Corporation, located at 400 West Dynix Dr in Provo, Utah. Built in 1992, the Class “A,” four-level SirsiDynix corporate office building occu...
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• Voit Hoping that Goodyear Deal Leads to Many Good Years of Deals in AZ
11/10/06
SoCal-based Voit Development Company is looking at Arizona in a big way. Following on its recent sale of 293 acres in Goodyear, Voit plans to continue to be involved in large projects here and hopes to become one of Arizona's...
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• New 75k sf Carlsbad Office Building is Complete
11/10/06
The Allen Group has completed construction on Kelly Corporate Center IV, a 75.2k sf office building in Carlsbad. Approximately 41% percent of the $25 mil structure has been pre-leased to such tenants as Grubb & Ellis, Comeric...
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• Chatsworth Owner Signs Very Impress-ive Tenant
11/09/06
Impress Communications Inc has inked a five-year, $1.6 mil lease of a 30.7k sf ($0.87/sf/mo) industrial building at 9320 Lurline Ave, east of De Soto Ave between Nordhoff and Plummer Streets in Chatsworth. Impress, a large Sa...
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• Pro Moves: Johnson Capital Makes a Run for the Border
11/09/06
Johnson Capital, the OC-based real estate banking firm, is expanding internationally as part of its strategy to selectively enter high-growth emerging markets in key regions of the world. The company's first international eff...
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• Investors Bank on Banker's Hill
11/08/06
There have been a couple of recent sales in the Bankers Hill section of San Diego, one a land deal and the other an office sale. The Bankers Hills area is situated just north of downtown, between Balboa Park and San Diego Int...
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• Citicorp Center in Downtown LA Wins Three Awards from BOMA
11/08/06
The Citigroup Center tower, a 48-story, 891k sf skyscraper at 444 South Flower St in downtown Los Angeles, has won three highly honored awards recognizing its excellence in building management, operational efficiencies and im...
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• LA Industrial Review: Alhambra Warehouse Property sells for $3.9 Mil
11/08/06
Ethel Valley LLC, an owner/user, acquired a 23k sf retail/warehouse property at 1819 W. Valley Blvd, between Fremont Ave and Atlantic Blvd, in Alhambra for $3.93 mil ($171/sf). The four-building property sits on one-acre of l...
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• La Boheme Offers Chance at Small Commercial Condos in San Diego's North Park
11/07/06
Western Pacific Housing is marketing 15k sf of commercial space at La Boheme, a mixed-use urban development project which the company just completed in San Diego's North Park area.
The development is part of the major revita...
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• Union Development Company Comes Up with $30 Mil Storage Solution
11/07/06
Barker Pacific Group's (BPG) Union Development Company (UDC) has acquired a 500k sf portfolio of eight self-storage properties from Empire Companies and will re-brand them under its self-storage operation's new name – Storage...
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• RMI Makes a Really Mammoth Buy in Vegas
11/07/06
RMI Investment Services has purchased Mammoth Airport Business Park, a 273.4k sf mixed-use industrial and office campus situated on 14.58 acres at 6325-6375 South Pecos Rd in Las Vegas, for $32.1 mil ($117/sf). The asset was ...
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• Mani Bros Latest Buy is More than Just Luck, Man
11/06/06
LA-based Mani Brothers Real Estate Group has acquired Luckman Plaza, a two-building, 300k sf office complex in West Hollywood. The complex, consisting of a 13-story tower at 9200 Sunset Blvd and a three-story building at 9220...
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• OC Properties Renew the Union Label
11/06/06
Union Bank of California just closed on two OC renewal leases, one for an office building in Brea and the other for a bank branch in Irvine. Together, the deals are worth $20 mil.
In the Brea transaction, Union Bank agreed t...
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• Koll/PER Quenches Phoenix Investment Thirst with Camelback
11/06/06
Koll/PER recently wrapped up another acquisition in the Phoenix area, where the investment entity purchased Camelback Lakes, a two-building, 203.4k sf office property for $50.38 mil ($248/sf). Located on an 11.9-acre site on ...
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• G&E's Fedora Tips His Hat to Booming Inland Empire Industrial Market
11/03/06
The Inland Empire continues to be one of the strongest industrial markets across the country, both in terms of the total amount of new construction as well as size of individual projects. Even so, strong demand has kept the v...
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• Corona Distribution Facility Stocks Up with Hansen Beverages
11/03/06
Hansen Beverage Company has agreed to a 10-year, $20 mil lease for a 346.5k sf ($0.48/sf/mo) facility in Corona to be used as the company's principal distribution center. The building, located at 1990 Pomona Rincon Rd, just n...
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• SoCal Pro Moves
11/02/06
Fred A. Sheriff: Fred A. Sheriff has been named Senior Vice President/Regional Manager at Sperry Van Ness, where he will be responsible for the growth and development of the firm's Southern California leasing and user service...
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• The Latest News from CNN: a $19 Mil Expansion/Renewal Lease in Hollywood
11/02/06
In Hollywood, CNN has inked an expansion/renewal lease for 33.4k sf of space at 6430 Sunset Blvd, for the media company's West Coast Bureau. The 15-year transaction is worth around $19 mil ($3.16/sf/mo) and bumps up CNN's spa...
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