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• April 8, 2002 - Grubb & Ellis Shows Optimism in Face of Ongoing SF Office Slump
4/08/02
It's been said before and not been true, but maybe this time it will be. “The bottom of the market may now be in sight,” says Colin Yasukochi, research director for Grubb & Ellis in San Francisco, in the firm's 1st Quarter re...
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• April 6, 2002 - Sun Withdrawal Clouds Future for San Francisco Project
4/06/02
Yet another high-profile Bay Area company has pulled out of a major lease, leaving the developer with a substantial amount of cash but no tenant. Following the recent announced availability of Gap's space via sublease at Cate...
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• Financing Notes
4/05/02
It's been a few weeks since we've run a financing update, so here's a review of a few notable recent deals, starting with a couple of interesting transactions that were arranged by the folks at Marcus & Millichap Capital Corp...
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• Kaiser Cements Daly City Deal
4/05/02
Kaiser Permanente completed its lease agreement with King Asset Management for Serramonte Corporate Center, a 7-story, 160k sf building at 395 Hickey Blvd in Daly City. The Oakland-based health-care company will use the prope...
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• Developer Plants a Daisy at Tejon Industrial Complex
4/05/02
Daisytek International, a $1.2 bil distributor of computer and office supplies, has signed a $15 mil, 15-year lease for 326k sf ($0.255/sf/mo), roughly half of a 651k sf industrial facility, in the Tejon Industrial Complex. S...
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• Glenborough Grabs Encino Office Property; Douglas Emmett Closer to Warner Center Buy
4/04/02
Glenborough Realty Trust, the NYSE-traded national office and industrial REIT, has purchased First Financial Plaza, a classy six-story, 223k sf office building at 16830 Ventura Blvd, by Balboa Blvd in the upscale San Fernando...
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• April 3, 2002 - Robertson Properties Turns its Dome Light On
4/03/02
Robertson Properties celebrated the highly anticipated opening of its Dome Entertainment Center at Sunset and Vine on March 22 with a series of movie events debuting at Pacific Theatres' ArcLight Cinemas, the major tenant at ...
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• Library Return was Overdue
4/03/02
In what may represent a change in tactic for Robert Maguire, his firm, MaguirePartners, has announced that they've bought out their partner for the remaining 75% interest in Library Tower, the 73-story landmark skyscraper in ...
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• BentleyForbes Spreads the Cash Around on Fertilizer Facility
4/02/02
In a major Temecula transaction, BentleyForbes has purchased a 412.6k sf industrial facility, built and occupied as the manufacturing and distribution headquarters for The Scotts Company, a producer of seed and fertilizer spr...
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• The RENTV Real Estate Man about Town
4/01/02
We'll end the month of April with a review of some of the events you may have seen us at over the past month, around SoCal. We'll start close to home, in El Segundo, about a month ago, when about 60 top brokers from around th...
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• No April Fool's, Green Office Building at Santa Monica/405 Leased & Sold
4/01/02
We thought hell must have frozen over when we heard it was happening, and you know what, we still didn't believe it until we saw the news item in the LABJ this weekend. And what rocked our world was the fact that the 78k sf o...
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• Everyone's a Winner after Alexion Results in Sorrento Valley
3/29/02
We'll open this San Diego County lease review in Sorrento Valley, where Alexion Pharmaceuticals took 25k sf, in a 10-year, $7.84 mil ($2.61/sf/mo) transaction at 3985 Sorrento Valley Blvd, just east of the intersection of the...
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• March 28, 2002 - San Jose Won't Play the Palladium
3/28/02
Barely a week after the San Jose Redevelopment Agency unveiled plans to double the size of a $1 bil downtown redevelopment project, the developer who had instigated the expansion announced its intention to withdraw from the p...
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• Here's a Chance to Fall into the Gap
3/27/02
We've got more news to report from some of the areas a bit further on the outskirts of the L.A. Basin, those being the Ventura County communities of Simi Valley, Newbury Park, Oxnard and Ventura. We'll begin with an industri...
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• March 26, 2002 - Developers Prepare Early for Bay Area Turnaround
3/26/02
Though the Bay Area market does not appear ready to turn upward in the immediate future, some Bay Area developers are taking advantage of the current meltdown to position themselves for a quick start once it does.
In San Fra...
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• CB Helps WHLW Sell to SSR for AFL-CIO
3/25/02
SSR Realty Advisors, a subsidiary of MetLife has acquired Marin Executive Center, located at 4000 Civic Center Dr in San Rafael, on behalf of the AFL-CIO Building Investment Trust (BIT). The five-story 133k sf Class A office...
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• Voit Development Breaks Ground on Brea Business Park
3/22/02
Voit Development Company has broken ground on Voit Brea Business Park, a 530k sf spec industrial business park, reported to be the largest project of its kind in Orange County in more than a decade. The project, which sits on...
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• Tenant Subleases Undercut Landlords
3/21/02
Tenants continue to benefit from a strong Bay Area sublease market, as faltering firms offer space at rates that undercut their landlords. In one of the most recent deals, Zurich Scudder Investments, an international investme...
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• MetLife to Test Downtown LA Investment Market
3/20/02
For those of you still undecided about whether the investment market in downtown L.A. has picked up, it looks like there's a major new listing on the block that may provide a better gauge as to the health of the market. Accor...
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• Pharmaceutical Company Has Carlsbad Landlord Feeling Better
3/19/02
We've got a couple of significant deals at Rio San Diego Plaza in Mission Valley to lead off our latest San Diego lease review, starting with Washington Mutual's five-year, $4.8 mil deal for 33k sf ($2.42/sf/mo) of office spa...
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