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San Diego Dev Site Report Revisited 2/06/02 It's not as if we were anxious to revisit the massive San Diego County Dev Site Report that we posted at the beginning of the year, but the markets are still active down there, so things are always in flux, especially with ne...
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Three Major SoCal Office Sales Could Add Up to Over $400 Mil 2/05/02 There has been a trio of major office sales percolating over the past couple of weeks in L.A/Ventura Counties that we've yet to report on the site, so we'll use this space to fill you in. The first deal is a monster, and one ...
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Transpacific Continues on Acquisition Highway with NoCal DaimlerChrysler Building 2/04/02 Transpacific Development Company (TDC), a Torrance-based real estate development, investment and management firm, controlled by Shurl Curci, just made a significant addition to their portfolio with the acquisition of a 431k s...
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Big Time Pro Moves Making News in SoCal 2/01/02 Let's end the first month of 2002 with some good old news about new jobs and old jobs for some top pros around SoCal.
We'll start in LA with news of a new player helping Judah Hertz manage and build his SoCal portfolio, and ...
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February 1, 2002 - San Francisco Peninsula Continues Downward Slide 2/01/02 The 4th Quarter office report from CB Richard Ellis for the San Francisco Peninsula suggests the downturn is nearing, but has not reached, its end. The report, however, contains several inconsistencies that bring this conclus...
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New Tenant for El Segundo Site that Used to Smelt so Good 1/31/02 In a Torrance sale, Baldwin Properties LLC paid $6.55 mil, as part of a 1031 exchange, for the Torrance Medical Arts Center, a 38.8k sf ($169/sf) medical office building located at 3640 Lomita Blvd, east of Hawthorne Blvd. Th...
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January 30, 2002 - Changes in Store for Oakland Waterfront and Downtown Properties 1/30/02 Two recent actions promise to propel Oakland another few steps toward transformation of the city's downtown into a thriving commercial and residential area. In the first, the Port of Oakland's Board of Commissioners approved ...
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A New Empire is Rising in the Northeast San Fernando Valley 1/30/02 It's been a while since we've reported on major development news from the San Fernando Valley, so we thought we'd share this quick overview on Burbank Empire Center, Menlo Equities' 393k sf Class A office campus that will mak...
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Newhall Land & Farming Locks Up Specialty Deal in Valencia 1/28/02 There's been a bevy of interesting transactions of late to report from the Conjeo Valley community of Camarillo. But first, we'll head to Valencia, at the northern end of LA County, where Specialty Labs has announced plans to...
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Bruins Medical Team Fast Breaks to South Bay Building 1/25/02 We've just been educated about a sizable South Bay lease, in which UCLA will be relocating some back office space being used by a medical billing group, now located at 10920 Wilshire Blvd. The university locked up a 10-year, ...
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January 24, 2002 - Alameda Gets to the Point - Enters Formal Negotiations for $2 Bil Development 1/24/02 The City of Alameda has been taking major steps to increase its share of Bay Area development and business activity. The most significant step was the City Council's Jan 17 approval of an exclusive negotiation agreement betwe...
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Border Real Estate Community Electrified by Panasonic Building Sale 1/23/02 We just can't keep up with the sales activity in San Diego County, as we've got a bunch of new deals to tell you about. To begin, we'll go to Otay Mesa, to report the sale of a 107.7k sf industrial building, at 7625 Panasonic...
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Financing Notes 1/22/02 The Genesis LA Real Estate Fund has just closed another transaction, having provided a $5.5 mil loan for the acquisition of an 18-acre parcel in Van Nuys, which was acquired at a cost of around $9 mil by a partnership made up...
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Escondido Lease Requires a Lot of Community Involvement 1/21/02 Here are a handful of recent leases from San Diego County, to beef up your comp sheets from the region. We'll being in Escondido, where Community National Bank signed a 10-year, $7 mil lease for the Blackstone Building, a 34....
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Prudential Composes Opus Acquisition in Irvine 1/18/02 In a recent sale, reported to be the largest Orange County office deal completed in 2001, Prudential Real Estate Investments acquired Opus Center Irvine I, the 12-story, 267k sf tower located at 2020 Main St, just east of Mac...
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Bright Lights in Century City Bring Out Industry's Brightest in Big 2002 Conf. 1/17/02 A big-name roster of top real estate professionals addressed a packed crowd of over 1,000 people yesterday in Century City, at Real Estate Conference Group's Real Estate Outlook 2002 Conference, run by Marty “no commercials!”...
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$10 Mil Hotel Buy Causes Investor to Get Vertigo 1/17/02 The entry of Prudential-CRES into the San Francisco market, as reported here earlier this week, is not the only example of new beginnings in the midst of a market downturn. Hotel specialist Curtis Davies left the local office...
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Countrywide Scores Big at Stadium Gateway in Anaheim 1/15/02 Although the pace has slowed a bit, there still are some interesting leases happening in Orange County, a few of which we'll share with you in this report. The first transaction is in Westminster, as Komex H2O Science, a lead...
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Financing Notes: George Smith Lights Up San Diego's Gaslamp District 1/14/02 How could you not love news about money? Yeah that's how we feel, it's great, it's almost as good as…, well not quite, but it is good. And since news of money is such a turn on, it is an area we are looking to cover more and ...
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UCLA Film Archives Finds Celluloid Heaven in Valencia 1/14/02 A NoCal-based private investment company, along with a partner in Southern California, has completed a major acquisition in the Conejo Valley, having just purchased the 165k sf former Litton Information System Group campus at...
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