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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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• Eastdil Sails into CapHarbor
3/18/02
NY-based Eastdil Realty has acquired a minority interest in CapHarbor, LLC, a newly formed venture that specializes in the identification of replacement properties for investors and their brokers seeking to complete 1031 tax-...
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• Equity Rings up $41 Mil Law Firm Lease at 550 S. Hope
3/16/02
Chalk up another big law firm deal in downtown Los Angeles, as the firm of Howrey Simon Arnold & White signed a 14-year extension on its existing lease, which increases the firm's office space from 63k sf to 100.5k sf. The la...
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• The Grove Gives Visitors 575,000 More Reasons to Meet at Third and Fairfax
3/16/02
Los Angeles' newest major retail center opens to the public today, as Santa Monica-based Caruso Affiliated Holdings unveils The Grove at Farmers Market, a 575k sf entertainment/retail complex located adjacent to the historic ...
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• Long Beach Office Towers seem to be a Hot Commodity
3/15/02
Real Estate activity in the South Bay has been showing signs of heating up a bit so far this year. Not only has there been a consistent flow of distribution deals in the Carson/Rancho Dominguez area, but investors seem to be ...
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• Shidler Collects $13 Mil from Sale of Rio Vista Building
3/13/02
The Shidler Group, the San Diego-based investment and management company, recently sold one of their office properties, that being Rio Vista Plaza, one of two buildings that make up Mission Valley's Rio Vista office complex. ...
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• Birtcher Reels in 98k Square Footer at the Lake in Mission Viejo
3/12/02
Here's a look at a number of Orange County transactions that have taken place so far in the first quarter of 2002, and it appears that there are some buyers, at least, that are identifying investment opportunities in the curr...
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• March 12, 2002 - Leveling Out
3/11/02
Another prominent San Francisco developer has agreed to terminate a large lease for one of its high-profile projects. A few weeks ago, Shorenstein Co LP allowed Ask Jeeves to back out of its commitment for 159k sf in a new to...
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• More Details on Park Tower Sale in Long Beach
3/10/02
Here's more info on a sale we first reported a couple of weeks ago, that being the purchase of Park Tower, a 117k sf office building in Long Beach. A partnership led by San Diego-based Southwest Value Partners and its partner...
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• More Law Firm Deals in Downtown LA
3/09/02
Let's start our latest coverage on downtown L.A. with a major sales transaction for a piece of one of the newest buildings in the central city, as Hines Interests has sold a substantial interest in Sanwa Bank Plaza, the class...
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• Torrance Industrial Development goes on the Fritz
3/08/02
Three big SoCal developers, The Carson Companies, Watson Land and Investment Development Services, have been busy signing logistics tenants to a few of big industrial developments in the South Bay. Let's start our deal review...
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• Westway Flexes its Development Muscles in West LA
3/08/02
There's been some interesting activity on the Westside since our last report on the area, as we've got a couple of lease renewals and a notable land grab to tell you about. We'll start in Culver City, where Westway Developmen...
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• March 7, 2002 - Marin Buyer Acquires Mixed-Use Center for $31 Mil
3/07/02
Seagate Buchanan Associates LLC, an entity formed by Seagate Properties of San Rafael, has acquired Serramonte Plaza, a 222Ksf mixed-use complex in Daly City with approximately 144k sf of offices and 80k sf of retail. The $31...
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• Financing Notes
3/06/02
We've got more news on the financing front, as we continue to hear about some interesting commercial fundings throughout the state. We'll start in San Diego, where Teachers Insurance & Annuity Association provided $14.5 mil i...
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• March 5, 2002 - PeopleSoft Doing Hard Deals
3/04/02
Given its current level of real estate activity, PeopleSoft Corp might want to consider switching from focusing on human resources software to programs for property management. As the Pleasanton-based company continues to mov...
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• March 4, 2002 - Omni Hotels Ready To Play Ball in Downtown San Diego
3/03/02
Moving a step closer to fulfilling San Diego's redevelopment plans for an extensive live/work environment in the city's downtown, JMI Realty announced that Dallas, TX-based Omni Hotels has agreed to be a partner in the develo...
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• Turner Development Delivers on Fullerton FedEx Center
3/01/02
A pair of leases was finalized at a recently completed industrial complex in Anaheim, built by The O'Donnell Group, out of Newport Beach. The development, completed last November, is located at 1190 Anaheim Blvd, by Ball Rd, ...
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