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• LAX Office Market Feeling Fit after $7 Mil Lease
10/14/03
24 Hour Fitness is helping to pump up the LAX market by taking 25k sf of space at Airport Center, after signing a 15-year lease valued at $7 mil ($1.56/sf/mo) a few weeks ago. The San Ramon-based fitness club chain will reloc...
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• Murphy's Law of RE Economics in Otay Mesa
10/14/03
This article will recap a handful of industrial sales that have occurred in San Diego County over the past month, starting with a major $61.8 mil transaction in September for seven industrial buildings containing 727k sf ($85...
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• Watson Supplements Leasing at Carson Center with $20 Mil Renewal
10/13/03
Leiner Health Products, the world's largest private label manufacturer of vitamins, minerals and nutritional supplements, has inked a 10-year, $20 mil renewal lease for their two-building, 471.5k sf ($0.35/sf/mo) HQ compound ...
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• Barker Pacific Acquires Controlling Interest in Xerox Centre
10/13/03
Barker Pacific Group is in the news again, as the LA-based firm acquired a general partnership position in Xerox Centre, giving them the controlling interest in the 330k sf office building, located at 101 Continental Blvd in ...
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• Shibuya Joins Trammell Crow
10/10/03
Robert K. Shibuya has joined Trammell Crow Company as its Executive Director of the National Brokerage Services group, departing from CB Richard Ellis a few months after it had acquired Shibuya's long-time home, Insignia/ESG....
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• Norwalk Office Property Fetches $48 Mil
10/10/03
Brentwood-based Sonnenblick Del Rio Government Acquisition Fund #1 has wrapped up a $48 mil purchase of Imperial Centre, a 450k sf ($107/sf) office complex in Norwalk. Located at 12440 Imperial Hwy, the seven-story building s...
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• Pivotal Deal for Downtown LA Office Market
10/09/03
It looks like we can soon move downtown LA's MCI Center into the sold category, as a Phoenix-based advisory group has agreed to pay around $125 mil ($122/sf) for the mixed-use complex at 700 S. Flower St. According to Real Es...
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• SoCal's Biggest Industry Networking Event Will be Here Soon
10/09/03
For most people across the country, October means the start of cooler fall weather, the second month of a still young football season, the World Series and Halloween. And for Southern California's commercial real estate pros ...
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• West LA Lease Deals
10/08/03
We've got a few recent lease deals of respectable size from around the Westside of LA to report to you, so we'll start in the downtown of the Westside, Century City where, let's face it, activity is picking up since over 4,00...
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• Simi Valley's Growing Up
10/08/03
What's a SoCal town these days without a retail project which calls itself the Town Center? Whatever it is Simi Valley won't be one of them for long, since the City Council last Monday approved the long awaited $300 Simi Vall...
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• October 7, 2003 - Forty Million is The Going Rate For these Two OC Properties
10/07/03
The most recent Real Estate Alert had two reports of properties in OC that are both in the forty million dollar range. One of the properties has just been put on the block, while the other recently sold. Starting with the rec...
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• Ball is on the Fairway For Santa Clarita Developers
10/07/03
Up in this bucolic (compared to LA anyway) Santa Clarita Valley, we have two deals brokered by Grubb & Ellis to report, one land sale and one office project sale. Starting with the later, which was just sent in to us a few da...
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• Genesis Announces Addition of New Lead Vocalist
10/06/03
Genesis LA Economic Growth Corporation has announced the appointment of Brad Rosenberg as its chief executive officer.
Brad Rosenberg's extensive business background, including as an entrepreneur, developer and non-profit le...
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• Bay West Acquires Temecula Heights Corporate Center
10/06/03
Bay West Equities, a San Francisco-based private real estate investment firm, has acquired Temecula Heights Corporate Center, a 223.1k sf state-of-the-art property at 42301 Zevo Dr in the Riverside County community of Temecul...
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• It's All in the Management
10/03/03
We don't often report on new management assignments, although this very competitive segment of the commercial real estate industry plays a major role in the success and profitability of any project. However, we recently learn...
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• Orange County Seller Gets Blinds-Sided in $2 Mil Deal
10/03/03
How does that saying go? A week without fresh-squeezed Orange County sales comps is like a day without sunshine. Anyways, here's a quick review of some recent bread-and-butter sales from behind the Orange Curtain. We'll lead ...
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• Barker Pacific Picks Up another Downtown LA Building
10/02/03
LA-based Barker Pacific Group has acquired a 148.7k sf office building at 626 Wilshire Blvd in downtown Los Angeles from AEW Realty Advisors, a funds advisory firm out of Boston. The 12-story property, built in 1966, is locat...
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• Development Activity Continues in the Inland Empire
10/02/03
About two years ago, our founder Steve Bloom wrote a Bloom's Fumes that talked about how the City of Riverside had tremendous upside and would provide strong returns for real estate investors there. Here's news of two develop...
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• October 1, 2003- Symantec and State Make Big West LA Land Buys
10/01/03
Symantec, the big computer programming company that years ago bought the Norton brand of computer virus and security products, this month concluded its multi-year analysis of its long-term LA real estate needs by purchasing a...
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• The Good Cook is the New Pride of Rancho Cucamonga
9/30/03
With a November completion scheduled, Bradshaw International, a leading marketer of kitchenware, is well along with the construction of a 450k sf distribution facility next to its current 300k sf HQ building on Buffalo Ave in...
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