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March 28, 2024
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SOUTHERN CALIFORNIA NEWS
Archive
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• Bixby Begins Work on New Redlands Facility
9/13/06
Long Beach-based Bixby Land Company has started construction on a 412k sf manufacturing/distribution building situated on 21.5 acres at the Bixby Business Center in Redlands. The building is located at 2220 Almond Ave, south...
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• OMP Wraps Up Work on Montebello Industrial Condo Project
9/12/06
Construction has been completed at Montebello Business Center, a 110k sf industrial condo building, located off the I-5 near Telegraph Rd, which consists of 17 units ranging in size between 3.7k sf and 23.4k sf. The project,...
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• Valencia Industrial Facility Makes the Cut
9/12/06
Classic Wire Cut Company Incorporated has purchased a high-end 76.6k sf industrial facility in Valencia for $7.6 mil ($99/sf). The building, which will enable the company to consolidate and more than double it HQ facilities i...
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• Unique Catalina Island B&B Offered for Sale
9/11/06
Here's news of a unique SoCal hotel property that has recently been put on the market, that being the Zane Grey Pueblo Hotel, located in the Santa Catalina Island community of Avalon, situated about 20 miles off the coast of ...
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• Koll Company Closes First AZ Buy
9/11/06
The Koll Company, out of Newport Beach, continues on its buying spree with its first acquisition in the greater Phoenix area, having paid $11.3 mil for Superstition Springs Commerce Center, a 94.6k sf ($119/sf) mixed-use busi...
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• Financing Notes
9/08/06
Wrightwood Capital: Wrightwood Capital has provided $14.5 mil to finance the acquisition and conversion of two industrial warehouse buildings in Irvine. The Von Karman Business Center consists of two industrial warehouse buil...
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• H.G. Fenton Closes $13 Mil Purchase of Serra Mesa Business park
9/08/06
H.G. Fenton Company has purchased a two-building, 66.3k sf, multi-tenant business park in the Serra Mesa part of San Diego for $13 mil ($196/sf). The asset is located at 8291 through 8295 Aero Pl, east of I-805 and just south...
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• Barnes Morris Takes 28k sf at 2000 Avenue of the Stars
9/07/06
Barnes Morris Klein Mark Yorn Barnes & Levine PC, a locally based law firm specializing in advising media and entertainment-related clients, inked a $15 mil lease for 28k sf of Class A office space at 2000 Avenue of the Stars...
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• Nothing Psycho about New Bates Motel Planned for Ontario
9/07/06
The Bates Company, out of Monrovia, is planning a master-planned, mixed-use development on 40 acres in the city of Ontario that will include: a 10-story, 250k sf Class A office tower and three-story parking structure; a 250-p...
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• Redwood Spends $26 Mil on El Segundo Office Property
9/06/06
Redwood Partners purchased a 126k sf office building at 501 Continental Blvd, north of El Segundo Blvd and east of Sepulveda Blvd in the city of El Segundo, for $26.5 mil ($210/sf). The asset was sold by Alliance Commercial, ...
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• Office Condo Conversion Project being Marketed for Sale in Encinitas
9/06/06
NCBP Development is currently marketing units for sale at North Coast Business Park, an office condo conversion project geared to small business owners in Encinitas. Located just one quarter-mile east of I-5 on Encinitas Blvd...
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• Property Management Notes
9/06/06
Newport Beach-based WCB Properties recently awarded two SoCal property and construction management contracts to PM Realty Group. The properties, located in Anaheim and Corona, are part of a 6 msf, five-property portfolio acq...
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• Hat Trick of Mobile Home Park Sales Add Up to $15 Mil
9/05/06
A trio of SoCal mobile home park sales was brokered by Marcus & Millichap in deals ranging from $8.4 mil down to $1.6 mil. The three transactions were in Visalia, El Cajon and Apple Valley. We'll start with the largest deal,...
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• Wyndham Orange County Hotel Transformation Nearly Complete
9/05/06
Less than five months after acquiring the Wyndham Orange County Hotel, Newport Beach-based Makar Properties, led by President and CEO Paul Makarechian, has nearly completed the transformation of the property into a stylish, m...
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• Hines Building to Ketchup With Demand in Irvine Business Complex
9/01/06
The structural steel framing is now complete at 2211 Michelson, the new Class A office tower located in the center of the Irvine Business Complex. At an official celebration marking the milestone event, tower contractor Snyde...
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• Corona Office Project to Break Ground in October
9/01/06
Newport Beach-based Werdin-Ewing Development will break ground in October on a new office project in Corona, named Corona Corporate Centre. The project, which will be built on 7.69 acres of vacant land that Werdin-Ewing rece...
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• NY Developer Picks Up Staples Center-Adj Site for Mixed-Use Project
8/31/06
The Moinian Group, out of New York, has acquired a 4.6-acre site across the street from Staples Center in downtown LA for development of a major mixed-use project slated to include residential units, retail and hotel space. I...
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• Steadfast and Amstar Break Ground on New Westlake Village Office Project
8/30/06
Steadfast Companies and the Amstar Group recently broke ground on Westlake Park Place, an eight-building, 461k sf Class A office project in the Thousand Oaks section of the Westlake Village Business District. The partners exp...
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• RREEF Spends $22 Mil on New Oceanside Development
8/30/06
RREEF has purchased the 226.2k sf first phase of La Pacifica, a 30-acre industrial project in Ocean Ranch Corporate Center in Oceanside. The three buildings that make up the first phase were sold by Cruzan/Monroe, the project...
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• Borrowers Take a Holliday
8/30/06
Holliday Fenoglio Fowler (HFF), the real estate investment banking firm with 18 offices across the US, has been particularly busy in Southern California. In this report we'll take a look at a trio of recent SoCal financings, ...
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