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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...
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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...
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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...
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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 ...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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 ...
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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...
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