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March 29, 2024
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SOUTHERN CALIFORNIA NEWS
Archive
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• Arden Gets the Word on $23 Mil OC Expansion/Renewal Deal
3/01/06
Although Arden Realty is currently in the process of being acquired by GE Capital in a huge $4.8 bil transaction, the Brentwood-based office REIT continues to sign new leases as it maintains its high level of occupancy throug...
Price: $3.99
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• JP Morgan Spends $26 Mil on Compton Industrial Facility
2/28/06
A JPMorgan Asset Management-advised fund acquired a 313.2k sf industrial facility in Compton for $26.2 mil ($84/sf). The free-standing property is at 2501 Rosecrans Ave, between Long Beach Blvd and Atlantic Ave. Built in 1987...
Price: $3.99
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• 98-Acre Ontario Site Being Sold in Public Auction
2/28/06
A 98.77-acre site containing rail industrial-zoned raw land in the city of Ontario is being sold in a public auction by the County of San Bernardino. The property is comprised of three contiguous land parcels that create one ...
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• Kansas REIT Picks Up Three Riverside Office Buildings
2/27/06
Government Properties Trust (GPT), an Overland, KS-based REIT, has acquired three Riverside office buildings, totaling 117.2k sf of space, for $18.2 mil ($155/sf). The two-story buildings, which are part of the Hunter Park Of...
Price: $3.99
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• GSA Stars in $11 Mil Hollywood Production
2/27/06
A private investor has acquired a newly developed 19.5k sf build-to-suit office building situated on just over one acre in Hollywood for $11 mil ($564/sf). The one-story building, constructed in 2005, is located at 1122 Vine ...
Price: $3.99
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• Construction is Underway at New Carlsbad Office Project
2/24/06
Construction has begun on Concourse One at The Palomar Forum, a 75k sf, Class A office building located at 3207 Greyhawk Court, at the northeast corner of Palomar Airport Rd and Eagle Dr in Carlsbad. The two-story, high-imag...
Price: $3.99
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• Bay West Purchases Fullerton Cold Storage Facility
2/23/06
Bay West Equities, a San Francisco Bay Area-based private real estate investment firm, has acquired 700 South Raymond, a 209.3k sf cold storage and warehouse facility situated on 9.25 acres between Commonwealth and Orangethor...
Price: $3.99
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• Beaver Medical Group Picks Up Banning Office Building
2/23/06
A 28k sf medical office building located at 6109 West Ramsey in the city of Banning has been purchased by an investment partnership for $8.425 mil ($301/sf). The property, which sits on 1.97 acres, was originally built in 199...
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• Cruzan/Monroe Spends $6.3 Mil on Carlsbad Office/R&D Facility
2/22/06
San Diego-based Cruzan/Monroe has acquired a 52.3k sf office/R&D facility located in the master-planned Carlsbad Research Center for $6.35 mil. The company plans to convert the building, situated on a 3.45-acre parcel at 5935...
Price: $3.99
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• $25 Mil Santa Ana Transaction is Leed Deal in OC Office Sales Review
2/22/06
A partnership between Leed Properties and the State of New Mexico Investment Counsel has acquired a 208.3k sf office property in Santa Ana for $25.2 mil ($121/sf). The single-tenant office property is located at 1015-1055 Nor...
Price: $3.99
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• SD High-Rises Fetch High Prices
2/21/06
Investor interest in San Diego-area office properties remains very strong, as evidenced by a few recent acquisitions in the County that rang up to a total of around $600 mil. The buyers were two of Southern California's bigge...
Price: $3.99
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• Medical Space Developer Acquires 40k sf Westlake Village Facility
2/21/06
Parthenon Management Partners LLC has acquired a 40k sf Westlake Village industrial facility situated on 2.97 acres at 696 Hampshire Rd. The company, which is based out of Beverly Hills and specializes in real estate acquisit...
Price: $3.99
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• Owner/Users Quick to Purchase Buildings in New Otay Mesa Development
2/21/06
Here's an update on recent sales at the 163.6k sf first phase of Opus Crossing, a 320.9k sf industrial development that will eventually consist of eight buildings over 18 acres in Otay Mesa. So far, 52% of the first phase has...
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• Check Out These Tenants Looking for Space in the SF Valley
2/17/06
Interested in learning about tenants in the market for space in the San Fernando Valley? RENTV's latest Executive Subscriber report is jam-packed with lots of prospects for landlords, brokers, interior design firms, office fu...
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• Financing Notes
2/17/06
Amherst Real Estate Capital: Amherst Real Estate Capital arranged a $12 mil loan for the acquisition of a retail property located at the northwest corner of Green St and Fair Oaks Ave in Pasadena. It is half a block south of ...
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• Investment Banking Firm Signs Brentwood Expansion/Renewal Lease
2/17/06
Barrington Associates has agreed to an expansion/renewal lease for a total of 15.2k sf of space at Landmark I, located at 11755 Wilshire Blvd, between Barrington Ave and Bundy Dr in Brentwood. The $3 mil deal provides the pri...
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• The Koll Company Embarks on $17 Mil Mission in SD County
2/17/06
The Koll Company, the Newport Beach-based real estate firm, has acquired the Mission Courtyard Building, an 84.9k sf office building situated on a three-acre site at the northeast corner of the interchange of the Interstate 8...
Price: $3.99
Executive Subscriber Price: Free
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• Investor/Users Snap Up OC Medical Properties
2/16/06
A 55.2k sf Santa Ana office building was acquired by Santa Ana MOB, a partnership between Santa Ana Medical Office Building and George Okida, for $7.4 mil ($134/sf). The property, located at 2212 East Fourth St, on the west s...
Price: $3.99
Executive Subscriber Price: Free
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• New Mission Valley Office Building is Over 70% Leased
2/16/06
Rio Vista Plaza III, a recently completed 79k sf Class A office building in Mission Valley, is now over 70% leased after the latest signing by Gallagher Bassett Services Inc for 8k sf of space. The four-story building, which ...
Price: $3.99
Executive Subscriber Price: Free
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• Western States Wraps Up Three Deals with a Combined Value of $30 Mil
2/15/06
LA-based Western States Technologies Inc has acquired one industrial property and sold two others recently for a combined total of $29.7 mil. In the acquisition, the company purchased a 77.2k sf industrial building located at...
Price: $3.99
Executive Subscriber Price: Free
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