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March 28, 2024
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SOUTHERN CALIFORNIA NEWS
Archive
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• West Coast University Subleases Former JC Penny Store in East Valley
8/07/09
In a sizable office lease in the San Fernando Valley, West Coast University agreed to a 10-year sublease of a 98k sf building in North Hollywood that once housed a JC Penny store. The lease value was not disclosed. West Coa...
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• Tatung Leases 294k sf Carson Facility
8/06/09
Tatung Co. of America, the U.S. branch of Taiwan's Tatung Company, one of the world's leading manufacturers of personal computers, workstations, servers and display products, inked a lease for a 293.8k sf industrial property ...
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• Wilson Commercial Enjoys a Prosperous First Half of 2009
8/06/09
Despite the slowdown in the retail sector, brokerage firm Wilson Commercial Real Estate reports that the company enjoyed a successful first half of 2009. Currently the company leases over 90 retail properties totaling 8.3 ms...
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• The Sullivan Group Inks Renewal for Downtown LA Office Space
8/06/09
The Sullivan Group, a privately held consortium of independent, insurance-related companies which are involved in many different areas of the insurance brokerage business, inked a lease renewal for 24k sf of office space at 8...
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• Trio of Smaller Office Comps from San Diego
8/05/09
For those of you who like to keep up on the latest office activity throughout the San Diego region, we have three recent, smaller comps to share with you in this update. We’ll start in Sorrento Mesa, where Canon Business Sol...
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• Ontario Plans for a Prosperous Future
8/05/09
Looking towards continuing to meet the needs of a growing and prosperous community not just today but also for the long term, the City of Ontario is actively processing entitlements, approving projects and planning for the fu...
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• Law Firms Continue to Do Deals for West LA Office Space
8/04/09
In a recent West LA office lease, the law firm of Krohn & Moss signed a deal for 5.8k sf of space at 10474 Santa Monica Blvd, a couple of blocks west of Beverly Glen Blvd. The 136-month transaction has a total value of $2.5 m...
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• Master Development Signs New Tenant to The Sharper Image’s 269k sf Ontario Space
8/03/09
We recently heard about a sizable Inland Empire industrial signing that we thought you might want to know about. Master Development Corp (MDC) signed a new tenant to a six-year, $3.5 mil lease at 1545 E. Locust St in Ontario....
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• CBRE Chops Down Vacancies at The Timbers
8/03/09
The Timbers in Solana Beach, a 47.5k sf office building at 445 Marine View Ave in Solano Beach, saw occupancy jump from 49% to 82% over the past six months thanks to six lease signings for a combined 17.2k sf of space. The de...
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• 1.2 msf Inland Empire Spec Project Earns LEED Silver Certification
7/31/09
Five Hillwood-developed buildings totaling more than 1.2 msf at Interchange Business Center in San Bernardino have earned LEED (Leadership in Energy and Environmental Design) Silver certification from the U.S. Green Building ...
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• 226k sf Oceanside Industrial Project Trades Hands
7/30/09
La Pacifica, a 226.2k sf industrial project in Oceanside, was acquired by DEI LLC in one of the few big San Diego County investment sales so far in 2009. The property is located at 3801, 3809 and 3817 Ocean Ranch Blvd, east o...
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• Myers Powers into $14.6 Mil Inland Empire Industrial Buy
7/28/09
Even in these tough times, manufacturers are finding ways to acquire Inland Empire distribution facilities when the deal makes sense. In a very recent example, Myers Power Products acquired a 221.9k sf state-of-the-art manufa...
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• Owner/User Snags Upgraded Irvine Office Property
7/27/09
A 10.6k sf office property in Irvine traded hands in a recent $3.45 mil ($325/sf) deal. The building, located at 17772 Cowan, is situated in close proximity to the John Wayne Airport and offers excellent access to the 405, 55...
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• Ming Hong Closes King Kong-Sized Buy in San Gabriel Valley
7/27/09
In a very noteworthy industrial sale from the San Gabriel Valley, a 100k sf facility in the City of Industry was acquired by an owner-user for $7.4 mil ($74/sf). The building, located at 14730 Don Julian Rd, just east of 7th...
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• Nokia and Altman, Greenfield & Selvaggi Sign New Deals on LA’s Westside
7/24/09
In recent leasing activity on LA’s Westside, Madison Partners represented Equity Office Properties in a couple of notable transactions, one in Santa Monica and the other in West LA. In one deal, Nokia Inc, the global techno...
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• Anaheim RV Village Trades for $10 Mil
7/23/09
Anaheim RV Village, a 293-site, three-star RV resort not far from Disneyland in the city of Anaheim, sold in a recent $10 mil transaction that included the 1.66-acre commercial corner site at the intersection of Ball Rd and H...
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• Advanced Bionics Advances Santa Clarita Office Market with 146k sf Lease
7/23/09
In what is being touted as the largest new office lease signed in Los Angeles County so far this year, Advanced Bionics inked a 10-year deal for Summit Oaks, a 146.4k sf building in Santa Clarita. The five-story structure was...
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• LA Office Market Expected to Outshine Most Other Markets into 2010
7/22/09
While employers continue to trim payrolls throughout Los Angeles County, the local office market should outperform most of the country's major metro areas through the rest of this year and into 2010 due to modest inventory gr...
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•  Irvine Gets a Passionate Tenant
7/21/09
Passionate Pet, a pet products and services company, inked a lease for 23.6k sf of flex space at 18871 Teller Ave, west of Jamboree Rd and south of the 405 Fwy in Irvine. The 10-year deal has a total value of $3.4 mil, or abo...
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•  Continental Tire Leases Majority of New Inland Empire Facility
7/21/09
In the latest significant leasing news out of the Inland Empire, Continental Tire North America Inc (CTNA) agreed to a deal for 498k sf of distribution space within a recently completed 600k sf facility at ProLogis Park Redla...
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