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• Saunders Saunters into Buena Park Commerce Plaza
10/01/02
A John Saunders-led investment entity purchased Buena Park Commerce Plaza, a 155.4k sf office complex at 6301 Beach Blvd, just north of the 5 Fwy in Buena Park. Saunders, of Newport Beach-based Saunders Property Company, paid...
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• September 30, 2002 - Super Growth of Bay Area Sublease Market
9/30/02
Two more Bay Area companies are putting space back on the market. As a consequence of its merger with Compaq Corp, Palo Alto-based Hewlett-Packard will sublease approximately 2 msf in Northern California, while San Mateo-base...
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• LA Office Sale Alert!
9/30/02
Here's a heads-up on another looming office sale, thanks to the folks at Real Estate Alert. According to the latest edition of the Alert, New Pacific Realty has reached an agreement to purchase the 1.4 msf Transamerica Center...
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• Matteson Completes $29 Mil Palo Alto Office Buy
9/27/02
NoCal-based Matteson Real Estate Equities recently completed a major office property acquisition in Palo Alto, paying $29.2 mil ($385/sf) for a pair of buildings, in a 1031 exchange transaction. The buildings are located at 1...
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• Klabin Brokers Achieve New High on Westside
9/27/02
Here's the scoop on three recent Westside sales, no mean feat during this extended stretch of negative absorption for office and industrial properties in the region. All three deals were brokered by The Klabin Company.
In on...
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• Investors and Tenants Negotiate RREEF's Orange County Properties
9/26/02
San Francisco-based real estate investment advisor RREEF has seen a lot of activity at a couple of their Orange County properties, as they recently sold four industrial buildings at its Orangewood Stadium Business Park in Ana...
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• Pioneer Settles Down in Carson
9/26/02
Let's take a quick visit to the South Bay communities of Carson and Lakewood, where there's been a few recent deals to report. The first two transactions are lease renewals, as Watson Land Company has inked new deals with a c...
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• O.C. Office Seller Takes the Risk out of Tustin
9/25/02
Here's an update on some recent office and industrial sales in Orange County, which are a testimony to the strength of the owner/user market for properties under $10 mil. We'll start in Anaheim, where Coast Sign Company paid ...
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• ORIX Decides Howard Hughes "Lifestyle" not for Them
9/25/02
ORIX Real Estate Equities and development partner J.H. Snyder are said to be preparing to market their Promenade at Howard Hughes Center, a 250k sf lifestyle retail center completed about a year ago. The center is part of the...
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• Arden Goes Straight to the Source for Pair of La Palma Office Renewals
9/24/02
We're going to run down a few recent Orange County leases for you, starting in La Palma, where Arden Realty inked two expansion/renewal deals at their Centrepointe La Palma complex. The transactions combine for a total of 61k...
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• More Healthcare on the Verizon in Thousand Oaks
9/23/02
Here's an update on a deal we've been following for some time now, that being Baxter Healthcare's search and then extended escrow period for their new HQ location in the Conejo Valley. That process came to a conclusion as the...
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• Westside Regional Center Boosts Westside Leasing Market
9/20/02
Let's start off this West LA update in the Culver City/Fox Hills submarket, as Westside Regional Center, part of a network of agencies that offer assessment, case management and support to persons with developmental disabilit...
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• Shidler Inks another $5.5 Mil in Deals at Mission Valley Office Complex
9/19/02
If the experience of two major developers reflects the status of San Diego County leasing activity, then that market is definitely on the rise. For example, The Shidler Group has signed $5.5 mil worth of deals, for a total o...
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• Santa Barbara Group Pays $13 Mil for Downtown Long Beach Plaza
9/18/02
A Santa Barbara investment group bought Downtown Plaza, a 100.1k sf office building in downtown Long Beach, for just over $13 mil ($130/sf). Located at 211 E. Ocean Blvd, by Long Beach Blvd, the 20-year-old structure is six s...
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• September 18, 2002 - AMB Puts 3 msf of Bay Area Industrial Property on the Block
9/18/02
San Francisco-based AMB Property Corp has put 14 Bay Area industrial parks on the market. In a single-asset deal, it is asking $62.8 mil for the 4-building, 307.6k sf Ardenwood Corporate Park in Fremont. Separately, it is att...
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• Possible Prelude to Public Offering? Maguire Acquires KPMG Tower
9/17/02
It appears that Rob Maguire has acquired his partners' interest in another downtown LA skyscraper, this one being the 1.1 msf KPMG Tower at 355 S. Grand. According to the LA Times, MaguirePartners has purchased the 60% stake ...
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• Douglas Emmett Closes On Huge Warner Center Office Buy
9/16/02
Warner Center Plaza, the six-building, 1.8 msf portfolio of office towers in the West San Fernando Valley, has officially been sold. Wrapping up an ongoing story that we and other news agencies have been following for some ti...
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• Bedford Completes $86M of Acquisitions
9/16/02
Bedford Property Investors Inc is taking advantage of the slow market to build its portfolio. The Lafayette-based REIT recently completed two major Bay Area purchases and a third in Arizona. It paid $40 mil, or $184/sf, for t...
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• It Looks Like another Firm Deal at MGM Tower
9/13/02
It looks like JMB Realty is close to signing another prestigious tenant at their yet-to-be-completed MGM Tower in Century City. Per a recent report in the LABJ, the law firm of Christenson Miller Fink Jacobs Glaser Weil & Sha...
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• Human Resources Firm Beams into Sunroad Corporate Centre
9/12/02
Let's catch up on a few recent lease comps from down San Diego way, starting in University Towne Centre, where Drake Beam Morin, a provider of strategic human resources, signed a five-year, $1.2 mil lease for 5.85k sf ($3.42/...
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