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September 19, 2020
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SOUTHERN CALIFORNIA NEWS
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• Insignia Wins Big Management Contract
7/24/01
Insignia/ESG has been awarded the management and leasing assignment for a 1.4 msf portfolio of industrial, R&D, and office properties in Southern California acquired by Equity Office Properties as part of their recent merger ...
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• Miller Brothers Buy the Homestore of Their Dreams
7/23/01
There was a big sale in the Conejo Valley, as locally based Miller Brothers Investments has acquired a two-story, 137.8k sf office building in the Westlake North Business Park, at 30700 Russell Ranch Rd. The Class A building,...
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• Tech & Research Firms Have Crush on Orange County
7/23/01
We'll open up this Orange County leasing report in Irvine, where Balboa Life & Casualty has committed to an 11-1/2-year deal for 109k sf at Park Place Office Campus, at the junction of the 405 Fwy and Jamboree Rd. According t...
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• Proctor & Gamble Subsidiary Inks $19 Mil Lease in Chino
7/21/01
In a recent Inland Empire deal, Tibbett & Britten Group, a logistics provider subsidiary of Proctor & Gamble, has signed a 10-year lease for a 458.3k sf distribution building at Centrepointe South, in Chino. The transaction h...
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• Get Ready for the San Diego Lease Parade
7/20/01
It's time we got you caught up on some recent Low Cal leases, and we've got a major deal to lead off this report. The Art Institute of California has agreed to a 20-year, $44 mil lease for a 75k sf ($2.44/sf/mo) build-to-suit...
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• Colliers Seeley Plots to Move Forward Without Plott
7/19/01
It looks like there's been a change of leadership at Colliers Seeley here in LA, as we've heard from a couple of pros in the know that Cody Plott, CEO and Prez, has resigned. According to our sources, Plott, whose resignation...
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• Private Investor Makes $57 Mil Retail Buy
7/18/01
A family-owned investment group has purchased the 264.5k sf Glendale Fashion Center, located at Glendale Blvd and Wilson Ave in Glendale. The LA Times pegs the sale at $57.2 mil, or $216/sf. The center is fully leased and inc...
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• San Fernando and Conejo Valley Movers & Shakers
7/18/01
Here's sort of a mixed-bag of recent transactions in and around the San Fernando Valley. We'll report them in a geographic order, starting in Pasadena and moving west. Leading off with a big sale, New York-based Lend Lease Re...
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• Industrial Inventory in LA's Mid-Cities Continues to Grow
7/17/01
We haven't reported about LA's Mid-Cities area for two or three weeks, so here's an update on some recent activity in the region. We'll start in Montebello, where IDI has broken ground on a 400k sf, three-building industrial ...
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• Douglas Emmett Set to Make $160 Mil Investment in Century City
7/16/01
Here's a rundown of some recent activity on LA's Westside, however, before updating you on a few completed transactions we'll let you know of a pending deal, expected to be wrapped up anytime now. It looks like DivcoWest Prop...
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• Investment Prospects Look Good in La Jolla
7/13/01
Here's an update on two more significant office sales from San Diego County. In the first deal, a California limited partnership purchased the 47.2k sf Prospect Center, at 1020 Prospect St, north of Fay Ave in La Jolla. The b...
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• Matrix Pays Record Price for Industrial Land in Orange
7/12/01
Here are a few more recent Orange County sales to add to your comp sheets. We'll begin in Fullerton, where Eastern Express paid $3.9 mil for an 80.2k sf ($49/sf) industrial building at 4325 Artesia Ave. The building is locate...
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• Historic San Diego Property to Get $16.7 Mil Facelift
7/11/01
Santa Monica-based Watt Commercial Properties has been given the green light by the San Diego City Council to redevelop the historic 120k sf First National Bank building, located at the northeast corner of Fifth Ave and Broad...
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• South Bay Seller Meets Makar
7/10/01
The South Bay continues to enjoy substantial investment activity, even as other parts of the LA area have slowed down of late. We'll lead off with recent news of a major office sale in El Segundo, as Highridge Partners and NJ...
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• Possible Westside Development Site Hits the Market
7/09/01
Here's news of a potential future Westside development site, as BAE Systems Controls, a manufacturer of electronic flight and engine controls, has decided to put their 10.4-acre Santa Monica aerospace campus on the market. As...
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• San Gabriel Valley Deal Review
7/09/01
Here are a couple of recent San Gabriel Valley sales, with the first deal being in Walnut, at the southeastern edge of the region. In this transaction, California Industrial Properties acquired the three-building, 79.9k sf Br...
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• Orange County Deals Ripe for Reporting
7/06/01
We've got a bunch of deals to report from busy Orange County, so we'll get right into some sales first, starting at the northern end of the region and working our way south. Leading off in Brea, Cliffwood Holdings LLC paid $3...
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• San Diego Dealmakers
7/05/01
We've got more sales to report from San Diego County, as we lead off in Sorrento Mesa, where M.J. Trust paid $3.1 mil for a 24.5k sf ($126/sf) building at 6134 Nancy Ridge Dr, south of Mira Mesa Blvd. The 14-year-old building...
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• Investors See Continued Opportunity in Inland Empire
7/05/01
Inland Empire industrial buildings continue to attract investor money, as we've got a few more recent deals to mention. We'll start in Corona, where Marshall Vinyl Windows has picked up a 127.8k sf structure, at 235 Radio Rd,...
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• Seems Like Old Times, After West LA Renewal By New Times
7/03/01
Arden Realty, the West LA-based REIT, keeps ringing up the deals. We've got a couple of recent mid-size leases in two of their Westside properties to report. We'll start at 1919 Santa Monica Blvd, where State Farm Insurance l...
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