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March 29, 2024
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SOUTHERN CALIFORNIA NEWS
Archive
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• Olson Company Buys Last Parcel at Dinkler Ranch for $2.37 Mil
2/07/03
The Olson Company, a Long Beach-based developer, just closed escrow on a unique 3.1-acre parcel in the city of Anaheim, in an acquisition that cost them $2.375 mil ($17.50/sf). Olson plans to move forward with a residential d...
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• Financing Notes
2/07/03
Let's take a quick look at a few “bread-and-butter” financing deals in the state, starting with the capital markets division of Burnham Real Estate Services, which recently arranged funding for a number of San Diego propertie...
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• February 6, 2003 - GSolutions Solves Vacant Space Problem for Ventura Landlord
2/06/03
For those of you having a tough time coming up with recent deal comps from Ventura County, we've got a trio of smaller industrial leases from the last month to help you update your comp sheets. The first deal is from the city...
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• MGM Plaza Roaring with Activity
2/06/03
By Allen Wolfsheimer allenw@rentv.com Tishman Speyer Properties, which acquired the 1.1 msf MGM Plaza office campus from Maguire Partners a couple of years back, is definitely not just sitting still with their investment. Af...
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• Showroom Property on Showroom Floor Again?
2/05/03
Three more major downtown Los Angeles properties are reportedly on the block, at least according to recent news from Real Estate Alert. One of the properties is CaliforniaMart, the giant 1.4 msf clothing showroom facility, at...
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• Shidler and Fenton Swoop in on Mid-San Diego County Buys
2/05/03
The Shidler Group and H.G. Fenton Company, two firms that have been very active investors in San Diego County and that we've reported about on many occasions, have both recently wrapped up major acquisitions in the Miramar/Sc...
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• TA Associates Grooms Chatsworth Facility with $13 Mil Lease by Makers of Alberto
2/04/03
Here's the scoop on a couple of interesting deals from the west San Fernando Valley community of Chatsworth, brokered by the Grubb & Ellis duo of Chris Jackson and Todd Lorber. The larger of the two transactions is big indust...
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• Pacifica Group Pays $19 Mil for Cornerstone of Commerce Office Market
2/04/03
Pacifica Real Estate Group, a Santa Barbara-based real estate investment/management firm, wrapped up a hefty buy in LA's Mid-Cities area, having paid $19 mil ($97.50/sf) for Commerce Plaza, a 195k sf suburban office campus in...
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• Legal, Government and Non-Profits Consume Space on the Westside
2/03/03
The signing of a ten-year lease at 1901 Avenue of the Stars in Century City is the culmination of a five-year search by a nationally recognized Los Angeles-based law firm and the featured story in this report of recent lease ...
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• Western Realco Big Boxes Go Real Fast
1/31/03
The Inland Empire has become known for its “big box” warehouse and distribution buildings and these tend to lease up fairly quickly, even on a spec basis. And in the city of Ontario, that's what Vance Mape, President of West...
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• Eastwood Insurance Wraps up Savi Buy in Yorba Linda
1/31/03
The first month of 2003 is not yet complete and we already have an abundance of significant sales to report in the Orange County marketplace. Of course, we hear about more than the usual number of transactions in January, as...
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• Irvine Office Building Adds the Union Label
1/30/03
Here's news of another significant Orange County office deal, from a couple of weeks ago, as Union Bank of California inked a seven-year, $14 mil lease for 64.7k sf ($2.58/sf/mo) within Irvine Center Towers. Located at 18300 ...
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• Tile Company Cements Acquisition of 100k sf Sylmar Facility
1/29/03
Industrial sales activity in the San Fernando Valley continues on a fast pace, one month into the new year, as evidenced by these recent examples. We begin in the northeast SF Valley town of Sylmar, where Fresno-based Bedrosi...
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• Quiksilver Rides Industrial Wave into another 200k sf in Huntington Beach
1/29/03
An industrial deal is the lead story in this account of recent Orange County leases, with the signing of surfwear and sportswear giant, Quiksilver Inc, to two five-year leases for more than 200k sf of industrial space in Sare...
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• Arden's Broker Promo a Big Success
1/28/03
Who says that broker promotions don't pay big dividends? Arden Realty, SoCal's biggest office landlord, recently hosted a black-tie event at the Bel Air Bay Club in which Hunt Barnett of Insignia/ESG and Blake Mirkin of CB Ri...
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• San Diego Credit Union Makes $17 Mil Buy of Sorrento Mesa Building
1/28/03
San Diego County Credit Union, the county's largest locally owned credit union, has bought itself a new HQ location, having paid $17 mil for a vacant 103k sf ($165/sf) flex building at 6545 Sequence Dr, north of Mira Mesa Blv...
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• Shoe Manufacturer Steps Out with $8 Mil Buy of El Segundo Facility
1/27/03
We've got two very dissimilar transactions from the South Bay to report, with one being an industrial building acquisition in El Segundo and the other an office lease in Long Beach. We'll start with the pricier deal, that bei...
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• Teachers Swept Up by Lowe Tide
1/27/03
A partnership made up of Lowe Enterprises and Teachers Insurance and Annuity Association (TIAA) has formed a new venture called Lowe Enterprises Investment Management LLC, which will take over the business operations of Lowe'...
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• National Brokerage Leaders Offer Valuable Insight at Outlook Conference
1/25/03
By Allen Wolfsheimer allenw@rentv.com For those of you who missed Real Estate Conference Group's 2003 Outlook Conference earlier in the week at the Beverly Hills Hilton – and there couldn't be many since there was a huge tur...
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• Binocular Manufacturer Zooms in on Rancho Cucamonga Facility
1/24/03
Let's turn our attention to some recent industrial deal activity in the Inland Empire, starting with a $7 mil investment buy in Temecula. In this transaction, Bay West Equities, a SF-based private investment firm, purchased a...
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