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March 28, 2024
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SOUTHERN CALIFORNIA NEWS
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• Challenge for Children Raises $354,000
9/27/06
More than 350 real estate professionals battled it out under the sun for Buchanan Street Partners' annual Challenge for Children event Friday, September 15 at Newport Dunes in Newport Beach, CA. This year's multi-sport compe...
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• Victorville to Get New Office Space
9/26/06
The High Desert's first new professional office building since 2004 is expected to break ground in Victorville in early October. The 56.8k sf mixed-use office campus, which has received a completed permit from the City of Vi...
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• Equity Office Continues to Fill Up Its OC Properties
9/26/06
Equity Office, the nation's biggest office property owner, has inked a number of new and renewal leases, totaling 61.8k sf, in the past couple of months at two prominent OC office projects. In July and August, Equity signed 2...
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• Irvine Spectrum Sale Rings Up $45 Mil
9/25/06
Applied Medical, an OC-based medical device manufacturing company, has acquired a 244k sf industrial building and an adjacent 27k sf office building situated within the Irvine Spectrum for a total price of $45 mil. Also inclu...
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• AMB Picks Up South Bay Distribution Center
9/25/06
San Francisco-based AMB Property Corporation acquired a 64.2k sf distribution center at 13200 Broadway, east of the 110 Fwy and north of Rosecrans Blvd in the Rosewood section of the city. Located about 13 miles from the Port...
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• Irwindale Owner Gets Naked
9/22/06
In Downey, Hager Pacific Properties has acquired a 90k sf industrial facility for approximately $5 mil ($56/sf) in cash. The building, located at 11905 Regentview Ave, is situated on six acres near Firestone Blvd and the 605...
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• Tishman Speyer Makes $92 Mil Westlake Village Office Buy
9/22/06
Tishman Speyer just wrapped up another big SoCal office buy, having paid $92.5 mil for The Oaks at Westlake, a 380k sf ($243/sf) building on 42 acres, situated just off the 101 Fwy in the Conejo Valley community of Westlake V...
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• Alliance Commercial Adds Fine Art to Its Portfolio
9/21/06
Alliance Commercial has purchased the Fine Arts Building, a 113.1k sf landmark structure in downtown LA, for $17.25 mil ($152/sf). Constructed in 1926, the building is a Los Angeles architectural jewel and designated Historic...
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• Slew of Recent Deals Brings SD's Columbia Square to Over 90% Leased
9/21/06
Columbia Square, a 12-story, 143.6k sf office building in downtown San Diego, now stands at over 90% leased, thanks to the 15th lease signing so far in 2006. The building is located at 1230 Columbia, north of Broadway and a f...
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• Surfin' the Baja Real Estate Scene at UCLA Extension Conference
9/20/06
Last week, on Thursday, September 14th, RENTV joined several hundred others on the UCLA campus to hear comments and watch videos about the real estate scene down in Baja, a topic of great interest to many real estate folk in ...
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• It's a Jones Day in the Life at Paseo Del Mar
9/19/06
The international law firm of Jones Day has signed a 10-year, $10.23 mil lease for 20.8k sf ($4.10/sf/mo) in Paseo Del Mar, a brand new 240k sf office campus located at 12265 El Camino Real, in the Del Mar Heights area. For J...
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• Colony Sets up in Sorrento Mesa after $38 Mil Office Buy
9/19/06
Boston-based Colony Realty Partners has purchased the two-building, 124.3k sf Scripps Wateridge office project located at 6925 and 6965 Lusk Blvd, just east of I-805 in Sorrento Mesa, for $38 mil ($306/sf). It sits on approxi...
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• Titan Rockets into Bakersfield with $22.5 Mil Industrial Buy
9/18/06
A venture of Titan Real Estate Investment Group and Urdang Capital Management has acquired a six-building, 524k sf, multi-tenant industrial portfolio located in Bakersfield. The properties were sold by Panattoni Development C...
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• Pro Moves
9/18/06
Guy Johnson, President of Johnson Capital, and Jay Rollins, former Senior Vice President and Managing Director of Newman Financial Services/GMAC Commercial Mortgage, have officially announced the launch of their real estate f...
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• Transamerica Hits Redial in AT&T Center Renewal
9/16/06
Financial services giant Transamerica has signed a 10-year lease renewal at AT&T Center in downtown Los Angeles, retaining Transamerica's SoCal operations within 260k sf of Class A office space at the AT&T Center's 32-story T...
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• Voit Pros Close $65 Mil of Industrial Sales over Past Two Months
9/15/06
Brokers at Voit Commercial, the OC-based real estate services firm, have closed eight sale transactions over the past couple of months with a combined value of $65.8 mil. The deals were in Orange County, Santa Fe Springs, Las...
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• Ensemble and AEW Coast into $40 Mil Santa Cruz Hotel Buy
9/15/06
A joint venture comprised of Ensemble Investments and AEW Capital Management L.P has acquired the Coast Santa Cruz Hotel, located in the NoCal beach town of Santa Cruz., for $40 mil. The asset is a 10-story, 163-room ($245k/...
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• Pro Moves
9/14/06
Roy Reel: Roy Reel has joined Harley Ellis Devereaux as West Region Studio Leader for the Corporate & Commercial Studio. Reel, a well known leader in the Southern California real estate market, will work with clients through...
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• Transwestern Makes $58 Mil Buy of Pacific Pointe in Gardena
9/14/06
Transwestern Investment Company purchased Pacific Pointe, a 260k sf office building located at 879 West 190th St in Gardena, for $58 mil ($223/sf). The property, situated in the 190th Street Corridor, at the intersection of t...
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• Building Block Foundation Donates $175k in 1st Year of Operation
9/13/06
In its first year of operation, Building Block Foundation Fund, an Orange County fundraising organization created by local commercial real estate leaders, has given $175,000 to support programs that positively impact at-risk ...
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