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• Equinix Acquires Exodus Data Center in El Segundo
9/20/05
A 107k sf data center in El Segundo just traded hands at a price of $34.5 mil ($322/sf). Located at 1920 Maple St, east of Sepulveda Blvd, the property was acquired by Equinix Inc, a provider of data centers and Internet exch...
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• Tishman Speyer Pours a Little More Maple Syrup Over Its Westside Portfolio
9/19/05
NY-based Tishman Speyer Properties has paid $71 mil for 407 N. Maple Dr, a 160k sf ($444/sf) building situated on the north side of Santa Monica Blvd in Beverly Hills. The four-story building, which was sold by a partnership...
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• Pro Moves
9/19/05
JON BORG: Held Properties appointed Jon Borg as Director of Asset Management for its portfolio of office and medical properties. In his new role, Borg will be responsible for contract negotiation and administration, budget de...
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• OC Buyer Makes a Dash for Fullerton Industrial Property
9/16/05
Dash Properties has acquired a 51.2k sf industrial building at 1101 South Acacia Ave, north of Orangethorpe Ave and west of the 57 Fwy in Fullerton, for $4.4 mil ($86/sf). The new owner will occupy half of the building and a ...
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• Greenberg Traurig Inks $12 Mil Expansion Lease in Santa Monica
9/15/05
The international law firm of Greenberg Traurig LLP has inked a six-year, $12 mil expansion lease at the Water Garden in Santa Monica, bumping up their space at the 17-acre Class A office campus by an additional 46.9k sf ($3....
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• Sorrento Mesa Office Lease Review
9/15/05
Raytheon Company has leased the entire 25.4k sf second floor of a 51.3k sf two-story building in Sorrento Mesa, in a $2.8 mil, five-year ($1.84/sf/mo) lease. The building sits on 2.8 acres at 9985 Pacific Heights Blvd, north ...
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• CB Team brokers Pair of Ventura County Industrial Sales
9/14/05
CB's Ventura County office recently brokered the sales of two industrial buildings in Ventura County. The deals had a combined value of over $4.4 mil.
In one of the transactions, Earle Properties paid $2.2 mil for a 25k sf (...
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• McMorgan Acquires San Dimas Office Campus
9/13/05
McMorgan & Company acquired Via Verde Corporate Plaza, a 142.2k sf office property located at 140-180 E Via Verde, west of the 210 Fwy and north of I-10 in San Dimas. Via Verde Venture LLC was the seller. The price was not di...
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• Boston Scientific Agrees to Pay $51 Mil for Bionic Mann
9/13/05
Advanced Bionics, a subsidiary of Boston Scientific Corporation, has inked a combined lease and build-to-suit agreement in the Mann Biomedical Park in Santa Clarita in a transaction worth roughly $51 mil. The medical device c...
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• Renovation of Obsolete Torrance Industrial Facility as Easy as AMB
9/12/05
AMB Property Corp has begun demolition work on a functionally obsolete 250k sf Torrance building, which is being repositioned to meet the needs of modern distribution tenants. The building sits on 18 acres at 1000 Francisco S...
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• Investor Interest in Downtown LA Properties Remain Strong
9/12/05
An investment entity paid $10 mil for two industrial buildings, totaling 78.3k sf ($128/sf), at 1701-1717 S. Figueroa St and at 622 W. 17th St. The buildings, which are located in the heart of the current redevelopment effort...
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• Tenant Makes $6.5 Mil Purchase of Its West SF Valley HQ Facility
9/09/05
FB Productions, a commercial printing, packaging and display company, has paid $6.5 mil for a 50.2k sf ($129/sf) HQ building in Chatsworth that the company has occupied for the past seven years. Located on three acres at 9450...
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• LBA Snares $17 Mil Miramar Business Park
9/09/05
LBA Realty paid $17 mil for Miramar Commerce Center, a five-building, 112k sf ($152/sf) business park located at 8902-8940 Activity Rd, just one block north of Miramar Rd. Completed in 1987 and 1997, Miramar Commerce Center i...
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• Empire Towers Trades from One CIP Partnership to Another
9/08/05
Irvine-based CIP Real Estate, in a joint venture with an affiliate of Guggenheim Real Estate, has acquired Empire Towers from the existing ownership structure of CIP Real Estate and South Charles Investment Corporation for $6...
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• Sares*Regis Fills Remaining Space at Hollister Center
9/08/05
Three companies have leased all of the remaining space in the newly renovated Hollister Center, a 106k sf corporate campus in Goleta, a town in the Santa Barbara area. These latest deals, which have a combined value of $6.5 m...
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• Birtcher Acquires Former Good Neighbor HQ for Home Furnishings Center
9/07/05
Birtcher Development and Investments, a Brandon Birtcher company, acquired the former State Farm regional HQ building located at 3333 Hyland Ave, north of the 405 Fwy and west of Harbor Blvd in Costa Mesa, for $29 mil. Birtch...
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• Brinderson Optum-izes Portfolio with $10 Mil OC Office Buy
9/07/05
Brinderson has acquired the Optum Building, a 46.5k sf Class A office building located at 3330 Harbor Blvd, just off the 405 Fwy in Costa Mesa. The single-tenant, three-story building was sold by Village Properties for $10.15...
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• Industrial Developers Turning their Attention to Moreno Valley
9/06/05
Industrial development has really been picking up in Moreno Valley, an Inland Empire community situated east of the I-215 off Hwy 60 in Riverside County. According to research from CB Richard Ellis, roughly 4.1 msf of industr...
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• Anaheim Industrial Facility Trades for $7.5 Mil
9/06/05
A private investment entity paid $7.46 mil for a substantially improved 90k sf ($83/sf) industrial building on 4.1 acres at 900 E. Arlee Place, north of Ball Rd and west of East St in Anaheim. The concrete tilt-up building, w...
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• Koll Acquires Site for Second Phase of Irvine Business Park
9/06/05
Newport Beach-based The Koll Company has purchased an 11.7-acre site in the master-planned Irvine Spectrum business center in Irvine and will use the land to build 47 for-sale office and light industrial buildings in the seco...
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