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Structures on the Green Tees Off With $8 Mil Carlsbad Acquisition 11/19/01 We'll lead off this review of recent San Diego County sales activity in Carlsbad, where Structures on the Green LLC, a California limited liability company, acquired Carlsbad Crest Corporate Center, a 66k sf office/R&D projec...
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Big Century City Sublease Deals Keep West LA Brokers Hopping 11/16/01 In West Los Angeles, pros from Julien J. Studley were involved in a couple of recent Century City sublease transactions, with a total value of over $30 mil. In one deal, Cook-Inlet Energy Supply has expanded their presence at...
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November 16, 2001 - Web Address Manager Pays Dearly for Home Address 11/16/01 VeriSign, the world's largest manager of Web addresses, appears to feel an uncommonly strong attachment to its own address, the one in the real world, that is. A fondness beyond reason, some might argue, but nonetheless a dec...
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Richmond's Redevelopment of Ford Plant Gets Recalled 11/15/01 Richmond's decade-long effort to redevelop the abandoned Ford Motor Assembly plant along the south shoreline appears to be falling apart. After two years of work, Cleveland's Forest City Enterprises withdrew from the project ...
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500k sf of Distribution Space Available at the Gateway to the World 11/14/01 For those of you who've driven to Vegas from LA, the big Heilig-Meyers furniture distribution facility, adjacent to the 15 Fwy in Hesperia, is a familiar sight. Well, don't expect to see the Heilig-Meyers sign for too much lo...
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SCI Picks Up Two More Vegas Retail Centers 11/13/01 SCI Investments has just completed two more Las Vegas buys, at a total cost of $18.8 mil, giving them 10 Vegas property acquisitions in a little over a year. In one deal, the investment company paid $7 mil for four retail pad...
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Montclair Gets a Carbo Boost 11/13/01 While many of the leases we report from the Inland Empire are for huge warehouse/distribution facilities, here's a trio of smaller deals from the region. The first transaction is in Montclair, where Carboline Company, a St. L...
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Fountain Valley School District Leases From Jesus 11/12/01 We've got a handful of Orange County leases to review, starting in Fountain Valley, where the Fountain Valley School District has signed a 20-year ground lease for a 2.15-acre chunk of dirt at 17350 Mt. Hermann, just north of...
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Hooray for Hollywood & Highland 11/09/01 By Allen Wolfsheimer
In true Hollywood fashion, today's grand opening ceremony for TrizecHahn's $615 mil Hollywood & Highland retail development included all of the pomp and circumstance one would expect from a production of...
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South Bay UPS Facility Goes on the Fritz 11/08/01 No sooner than the ink had dried on TRW's big $30+ mil renewal deal for 155k sf at DivcoWest's Manhattan Beach Towers, which we reported last week, than we get word that they've signed another big lease a few blocks away, in ...
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San Fernando Valley Diagnostic Firm's Quest Takes Them to Northridge 11/07/01 We travel through the San Fernando Valley and into Ventura County to check out some up-to-date and newsworthy happenings in those commercial real estate markets. Starting in the East Valley city of Burbank, The Bassett Famil...
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November 7, 2001 - Pillsbury Winthrop Rolls Out the Dough 11/07/01 While a large number of powerhouse law firms are contracting, for the second time in recent weeks a large Bay Area law firm serving what would seem to be the least auspicious client base has committed itself to expansion. Bot...
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Equity Ups their Equity in Maguire's Playa Vista Efforts 11/06/01 Rob Maguire just got a major boost in his efforts to close escrow on the remaining land at Playa Vista designated for construction of the project's 2.2 msf office campus, which will make up the commercial portion of the huge ...
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Corporate Real Estate News and Notes From Equity Office, TrizecHahn and Others 11/05/01 There's been a lot of news of late from some of the big players in the real estate world. So, here's a rundown of news related to real estate corporations active in California over the past month.
We'll start with the saga o...
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$19 Mil Irvine Buy Leads Orange County Sales Update 11/02/01 El Segundo-based Kilroy Realty continues to sell off properties, as we begin this review of recent sales activity in Orange County with news of the company's sale of Kilroy Technology Center, a 157.5k sf multi-building office...
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November 1, 2001 - Livermore Ain't Chopped Liver No More 11/01/01 With an industrial vacancy rate of only 7%, Livermore remains one of the stronger markets in the San Francisco Bay Area, and a couple of recent deals suggest that the city is on target to keep the rate low.
In the larger of ...
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Investors Continue to Bet on Las Vegas 10/31/01 It's been a while since we updated you on activity in Las Vegas, and a lot's been happening in this popular desert mecca, even if the city's tourism industry has taken a bit of a hit since the tragic events of September 11. W...
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Forest City Goes For the Beach 10/30/01 Forest City Enterprises, the big Cleveland-based developer/owner, has bought a 50% interest in the Galleria at South Bay, a successful 1.1 msf regional shopping mall at Hawthorne and Artesia Blvds in Redondo Beach. According ...
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Nothing Weird About this Science Park -- $71 Mil for La Jolla Complex 10/29/01 Investors and developers have not been shy about banking their dollars in San Diego real estate, as evidenced by the recent $70.8 mil acquisition of Torrey Pines Science Park, a 292.2k sf ($242/sf) office/R&D complex in La Jo...
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TRW Inks Big Renewal Deal at DivcoWest's Manhattan Beach Towers 10/27/01 Following up on a story we first mentioned in early August, we just got word that TRW has finalized a new deal at DivcoWest's Manhattan Beach Towers. The giant aerospace company, which had been getting close to finishing out ...
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