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• Procopio, Cory Inks 8-Year Renewal/Expansion Deal in Carlsbad
5/18/09
Procopio, Cory, Hargreaves & Savitch LLP, a San Diego-based law firm, has signed a 96-month, $2.72 mil renewal/expansion lease for 11.6k sf ($2.44/sf/mo) of office space at Cornerstone Corporate Centre in Carlsbad. The proper...
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• Newly Converted Newbury Park Industrial Condo Project is 70% Pre-Sold
5/15/09
A newly converted industrial condominium business park in Newbury Park targeting small businesses – ranging from electrical and paint contractors to vehicle storage – is 70 percent pre-sold at the completion of the renovation...
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• Phase 3 Properties Heads for the Border
5/14/09
Construction has been completed on a 124.8k sf industrial warehouse building located at the corner of Pan American St and Rood Rd within the 78-acre Maggio Industrial Center in Calexico, a CA town south of El Centro and just...
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• Towers to Remain in Century City Tower after $10 Mil Renewal
5/14/09
In a recent Westside office lease, the firm of Towers Perrin Forster & Crosby agreed to a five-year, $10 mil renewal for 43.2k sf of Class A space at Watt Plaza in Century City. The transaction has an average rent of roughly ...
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• Stirling Completes Work on 1 msf Facility in Victorville
5/12/09
In the latest development update from Victorville, Stirling Capital Investments has completed construction on Distribution Centre 1 (DC1), a 1 msf Class A industrial facility situated on approximately 46 acres at Southern Cal...
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• U.S. Bank National Association Takes 82k sf of OC Office Space
5/12/09
U.S. Bank National Association inked a 10-year lease for 82.5k sf of space at 3121 Michelson in Irvine, in what has to be seen as a good sign for the OC office market, which took a considerable hit as a result of the sub-prim...
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• NAI Capital Expands Newport Beach Office
5/11/09
Regional real estate services firm NAI Capital is expanding its operations in Orange County with the addition of six new brokers at the company’s Newport Beach office. The new hires are: brokers Charles S. “Chip” Dever III, S...
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• Rexford’s Latest Whittier Tenant is a Perfect Fit
5/08/09
One SoCal real estate firm that has continued to enjoy considerable leasing activity in these tougher times is LA-based Rexford Industrial LLC, a privately held company that, since January 2009, has completed 20 new leases to...
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• PETCO Park Office Condo Sells for $454/sf
5/07/09
Developers of a unique office condo project in downtown San Diego just sold their first unit. The project, located at 815 J St, is the historic Schiefer & Sons building at PETCO Park. It features six office condos, all of whi...
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• Northgate Gonzalez Markets Inks Deal for 375k sf Anaheim Distribution Center
5/07/09
Northgate Gonzalez Markets has inked a 15-year lease for a yet-to-be-constructed 375k sf warehouse and distribution center in Anaheim that the company intends to use as its future support center. The project will be construct...
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• Oltmans Still One of the Top Contractors in CA
5/06/09
Whittier-based Oltmans Construction Co. remains one of the top general contractors in California, ranking 33rd among 95 companies in a recent survey by California Construction magazine. Oltmans, which posted a construction vo...
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• Voit Closes $9 Mil in OC Industrial Sales
5/05/09
Voit Real Estate Services’ Commercial Brokerage division, one of the most active real estate services firms in Orange County, recently closed three industrial sales transactions in the region. The deals, which total up to abo...
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• Investor Casts a Mighty Net over West San Fernando Valley Office Building in $7 Mil Deal
5/05/09
In the western San Fernando Valley, a 36.7k sf office building traded hands in a $7 mil ($191/sf) transaction. The two-story building is located at 26010 Mureau Rd, east of Las Virgenes Rd and just north of the 101 Fwy, withi...
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• Novartis Takes 12k sf of Office Space in Sorrento Mesa
5/04/09
Novartis Pharmaceuticals Corporation leased 12.4k sf of office space in San Diego’s Sorrento Mesa area, after agreeing to a five-year, $1.9 mil ($2.55/sf/mo) deal at 9330 Scranton Rd. The building is part of Sorrento South Co...
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• Six BOMA GLA Building Members to Compete for International Honors
5/01/09
BOMA of Greater Los Angeles continues to see more than its fair share of local Outstanding Building of the Year Award (TOBY) winners moving on to competition at the international level. This year, six BOMA-LA building members...
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• Recent Deals Lock Up 100k sf at Howard Hughes Center
4/30/09
Howard Hughes Center, the West LA mixed-use office and retail campus developed by Arden Realty, recently saw a spate of 11 leases totaling 98.5k sf of space. The five-building, 1.2 msf complex, now owned by Equity Office Prop...
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• Patriot Act to Protect Businesses Looking for Modern, Well-Located Biz Park in Ventura County
4/30/09
The first phase of a new Ventura County business park – Patriot Commerce Center -- was unveiled to the public. The Class A project, a development of M.W. Ossola & Associates, is situated minutes from the 118 Fwy and Hwy 23 in...
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• 50k sf Yorba Linda TI Project is for a Nobel Cause
4/29/09
In a construction update from Orange County, design work has been completed and construction has begun for Nobel Biocare’s manufacturing and office renovation project in Yorba Linda. The existing two-story manufacturing/offic...
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• Delphi Renews 92k sf Tijuana Facility
4/28/09
In an newsworthy deal from south of the border, Delphi Connection Systems renewed its lease for a 92k sf industrial building located in Tijuana, Mexico. The three-year transaction is valued in excess of $1.3 mil ($0.39/sf/mo)...
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• OC-Based KBS Signs Dresser at Millenium Tower in Addison, TX
4/27/09
Newport Beach-based KBS Real Estate Investment Trust continues to lease up in growing Texas office portfolio. In the latest deal, Dresser Inc, a provider of energy infrastructure products, has signed a long-term extension of ...
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