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South Bay Auto Dealership Sells for $27 Mil 3/10/06 A private investor has acquired a newly developed 88k sf Class A auto dealership in the South Bay community of Carson for $27 mil ($307/sf). The property, which is located at 1505 East 223rd St, off Wilmington Ave and the 405...
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Sares*Regis Spends $8.5 Mil on Development Site in Irvine Business Complex 3/10/06 OC-based Sares*Regis Group has acquired a 2.1-acre site in the Irvine Business Complex (IBC) for $8.5 mil ($93/sf). The site includes a vacant industrial building at 2500 Main St, north of the 405 Fwy between MacArthur Blvd a...
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Victoria Gardens Adds Two New Office Tenants 3/09/06 Two new tenants have signed leases for a combined 21k sf of office space at Victoria Gardens, the fantastic new open-air regional shopping center in Rancho Cucamonga that includes 40k sf of office space over some of the retai...
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Thibiant Feels Smooth with 72k sf Space in Chatsworth 3/09/06 Thibiant International Inc, a manufacturer of skin and hair care products, recently agreed to a five-year, $2.6 mil lease for 71.9k sf ($0.60/sf/mo) of industrial space in Chatsworth. The space is part of a 583.6k sf facilit...
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Sellers Say Good Knight to Recent Inland Empire Dispositions 3/08/06 Three recent Inland Empire sales, two building sales and one land deal, generated a combined $7.9 mil. The sellers in all three transactions, which closed in February, were represented by Teresia Knight of NAI Capital.
In Re...
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Construction of Kearny Mesa's First Office Tower is Started 3/08/06 Construction of Sunroad Centrum, a master-planned, 1 msf Class A office campus located within the 232-acre Spectrum business and residential community in Kearny Mesa, is underway as the developer, Sunroad Enterprises, just br...
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Greenlaw and Guggenheim Celebrate 10th Deal with $11 Mil Buy 3/07/06 Greenlaw Partners and Guggenheim Real Estate have acquired a 129.6k sf industrial property at 605-611 East Cerritos in Anaheim for $11.1 mil ($86/sf), in a deal that marks the 10th asset that the two firms have purchased toge...
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RREEF's $18 Mil Scripps Ranch Buy Leads SD Sales Review 3/07/06 We can't turn our attention away from San Diego County for even a few days before we have another bunch of notable sales to report from the region. We'll run down a number of deals in this report, starting in Scripps Ranch, w...
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Guthrie Sells Out Mariner Commerce Park 3/06/06 Costa Mesa-based Guthrie Development Company has sold out its Mariner Commerce Park, a five-acre, 13-building master-planned business park located on the northeast corner of Mariner St and Arovista Circle in Brea. The sales a...
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Voit Pros Broker Handful of End-of-Year OC Industrial Sales 3/06/06 The folks at Voit Commercial Brokerage Services tend to handle a lot of commercial deals throughout Orange County, and that's certainly been the case in the last few months. In this report, we'll review a number of industrial...
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Xebec/IDS to Redevelop Burbank Industrial Facility 3/03/06 Xebec Development Company, in a joint venture with IDS Real Estate, has acquired an 80k sf industrial building on 152k sf of land in Burbank for $9 mil ($112/sf). Xebec and IDS plan to redevelop the industrial facility, whic...
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Sporting Goods Supplier Takes 80k sf Space in City of Industry 3/03/06 Sunpentown International Inc, a wholesale distributor of small home appliances and sporting goods, signed a lease for 80k sf of industrial space in the City of Industry. Terms of the five-year lease were not disclosed.
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San Diego Lease Update 3/03/06 Looking for recent San Diego-area lease comps? This report review nine recent deals scattered throughout the county, from Oceanside down to Mission Valley.
We'll start in North San Diego County, in Carlsbad, where Ortho Orga...
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Voit Development Busy in the Pursuit of Liberty 3/02/06 Voit Development Company, the active SoCal developer, has another OC project in the works, as the company has begun construction on Liberty Plaza, a 74k sf office condominium redevelopment project in Aliso Viejo. The project ...
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Veralliance Spends $30 Mil on Sorrento Mesa Portfolio 3/02/06 San Diego-based Veralliance Properties has acquired a Sorrento Mesa corporate office and laboratory portfolio from EOP-Industrial Portfolio LLC for a combined total of $30.5 mil. With this latest pick-up, Veralliance now owns...
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No Penalty for Tilt-ing in Distribution Facility Game 3/01/06 Lusardi Construction Company has tilted the panels on Murphy Development Company's 225.8k sf, build-to-suit facility at Siempre Viva Business Park in Otay Mesa. National Steel and Shipbuilding Company (NASSCO), a General Dyna...
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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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