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March 29, 2024
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SOUTHERN CALIFORNIA NEWS
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• State Comp Signs $7 Mil Office lease in Burbank
10/26/04
State Compensation Insurance Fund, the largest provider of workers' compensation insurance in the State of California, recently signed a 68-month lease agreement for 52.1k sf of office space at Burbank Empire Center. The lea...
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• Investors Spending a Trillium on Woodland Hills Office Properties
10/25/04
Institutional investors continue to maintain a strong interest in Woodland Hills office properties, as we've got news of yet another major property in the area about to trade hands. Per Real Estate Alert, Douglas Emmett is un...
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• Armstrong-Butcher Break Ground on Ontario Office Park
10/22/04
Armstrong-Butcher Properties has just broken ground on Airport Corporate Centre in Ontario, a new 350k sf master-planned office campus in the Centrelake Development adjacent to the Ontario International Airport. Phase I, exp...
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• Auto Parts Distributor Gets Lucky
10/22/04
Anaheim-based Pacific Supply Company, an auto parts distributor, purchased the last remaining building at the Commerce Centre @ Buena Park, a 1.3 msf master-planned business park developed by Overton Moore Properties (OMP). T...
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• Industrial Buyers in Corona Reach a Crossroads
10/21/04
Amsino International Inc, an Inland Empire-based manufacturer of disposable medical products, has purchased a 112.6k sf, Class A corporate headquarters facility at 855 Towne Center Dr in Pomona. The property, a one-story conc...
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• RREEF Resolves 115k sf Whittier Lease Renewal
10/21/04
Resolve Corporation signed a five-year, $3.2 mil renewal deal for its 115.3k sf ($0.46/sf/mo) of industrial space at 8550 Chetle Ave in Whittier. The space is part of a 202.4k sf high-image distribution facility west of Santa...
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• Tenant-In-Common Investors Participate in Mammoth Cypress Transaction
10/20/04
Mammoth Equities Capital Group has paid a combined $62 mil for the acquisition of Mammoth Cypress Pointe Business Park/Mammoth Cypress Corporate Plaza and Mammoth Equities Cypress Pointe IV, in the company's largest 1031 tran...
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• El Cajon Office Landlord Provides Space for Community First
10/20/04
In this report we'll take a look at four recent office lease comps from different parts of San Diego County. We'll start in Mission Valley, where the Zoological Society of San Diego agreed to a $1.77 mil, 87-month deal for 10...
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• JPMorgan Investing in 21st Century
10/19/04
A joint venture of Guggenheim Real Estate and Bantry Holdings purchased Carlton Plaza, a four-story, 153k sf Class A office building in Woodland Hills. Located at 20750 Ventura Blvd, at the corner with Kelvin Ave, the buildin...
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• Heritage Fields of Dreams Now a Reality
10/19/04
It's been a long time coming, but now that it appears the development battles regarding the airport, an annexation by the city of Irvine, and the environmental contamination issues have been settled, The Department of the Nav...
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• Turner Development Ends Up on Saturn
10/18/04
Birtcher Anderson Properties sold three buildings at its Brookhollow Office Park in Santa Ana in separate transactions with a combined value of $7.1 mil. This leaves just one building still available for sale out of this 18-b...
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• Maguire Banks another $150 Mil in Irvine Office Market
10/15/04
Maguire Properties Inc (NYSE:MPG), the LA-based office REIT formed a little over a year ago by Rob Maguire, has reached an agreement to purchase the Washington Mutual Irvine office campus, adding to the firm's sizable holding...
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• AMB Spends $23 Mil for New South Bay Logistics Center
10/14/04
San Francisco-based AMB Property Corporation, a leading owner and operator of industrial real estate, just purchased a 280k sf industrial building at the border of Torrance and Lawndale. The transaction was valued at $22.8 mi...
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• Local Investment Group Pays $20 Mil for Westside Office Building
10/13/04
A Mission Hills investment entity acquired a 107.2k sf office building located at 3000 Robertson Blvd, just north of the 10 Fwy and across from Hamilton High School in West Los Angeles. The four-story suburban office building...
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• The Price to Worship in Truth is $1.2 Mil
10/13/04
A San Dimas-based construction company/developer paid $1.8 mil for a 22.6k sf ($80/sf) industrial building at 9359 Feron Blvd in Rancho Cucamonga. The building, which sits on 2.4 acres, was vacant at the time of the sale. The...
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• Murphy Development Gets Active with Final Phase at Siempre Viva Business Park
10/12/04
Murphy Development Company has just signed its first tenant for the 54-acre Western phase of their Siempre Viva Business Park in Otay Mesa. Reef, one of the top active sportswear brands in the world, has signed a seven-year l...
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• Law Firms Go With Century Park East Address
10/12/04
Lavely & Singer, an entertainment litigation law firm, agreed to a 10-year, $5.5 mil lease for 16.3k sf ($2.81/sf/mo) at 2049 Century Park East, one of the twin 44-story skyscrapers that make up the Century Plaza Towers compl...
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• Buildings at New Tustin Office Park Selling Like Hotcakes
10/11/04
Developers of a new Orange County office park have been enjoying a great deal of success, as six buildings at Pacific Business Center in Tustin had been sold since September 1st. The combined value of the transactions is arou...
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• Oscar de la Hoya Hops in the Downtown LA Ring with Office Buy
10/11/04
In a deal that closed on the first of October, Oscar de la Hoya's Golden Boy Enterprises LLP has just acquired a majority interest in a 148.7k sf Class B office building at 626 Wilshire Blvd in downtown Los Angeles. De la Hoy...
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• Sharp Space at Park Place
10/08/04
In this report, we'll take a look at current space opportunities at one of the biggest office complexes in Orange County, Park Place, the 1.7 msf multi-building development at 3121, 3353 and 3353-3351 Michelson Dr in Irvine. ...
Price: $3.99
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