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June 24, 2024
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• San Diego Deal Notes
10/17/01
We've still got a number of recent deals from San Diego that we've yet to post, as we try to get you caught up on all of the activity in this climate-controlled SoCal county. We're going to zip through them with very concise ...
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• Prudential Buys Another $25 Mil Piece of the Rock in the San Fernando Valley
10/16/01
There's been some activity to report in Sylmar, at the north end of the San Fernando Valley, as Prudential Real Estate Investors has acquired three new buildings, totaling 367.3k sf, at Royal-Clark Development's Cascades Busi...
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• Invitrogen Invigorates Carlsbad Market
10/15/01
Leading off our latest coverage of San Diego leasing activity, Invitrogen Corp, a manufacturer and marketer of molecular biology tools, has signed a 10-year, $24 mil deal for 320k sf ($0.63/sf/mo) of R&D space in the Carlsbad...
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• October 12, 2001 - PG&E Rumored to Have Holdings on the Block
10/12/01
Pacific Gas & Electric Co has very quietly placed more than 100 Northern California properties on the block. At least, that's the rumor reported by San Francisco Chronicle business columnist David Lazarus. The bankrupt utilit...
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• $17.6 Mil Torrey Pines Sale Leads San Diego Deal Review
10/11/01
Leading off a review of recent sales in San Diego County, we'll go to Torrey Pines, where a private investment group has paid $17.6 mil for a 91k sf ($193.40/sf) property located at 3020 and 3030 Callan Rd, east of Torrey Pin...
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• October 10, 2001 - East Bay Developer Plunges Ahead With 475k sf Office Complex
10/10/01
Despite the rapidly cooling market, a few developers are forging ahead with new projects, hoping the situation will have improved by the time construction is complete. The largest of these is Sierra Pacific Properties' Metrop...
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• Overton Moore Casts Off From Port LA Distribution Center
10/08/01
Gardena-based Overton Moore Properties, one of LA's biggest developers of office/industrial business parks, has reportedly just sold the 1.9 msf Port Los Angeles Distribution Center, a warehouse/distribution center located on...
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• ProLogis Records 75k sf Lease With Video Cassette Company
10/05/01
Funai Corporation, the North American distributor of the world's largest volume manufacturer of VHS video-cassette recorders, signed a lease for 75.2k sf of new distribution space at 19900 Van Ness Ave, south of 190th St by t...
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• Regional Pros From CBRE, G&E and C&W Maintain the Deal Pace in the Inland Empire
10/04/01
There continues to be significant activity in the Inland Empire, not only for industrial buildings, but also for office properties. We've got a handful of newsworthy transactions to tell you about, as we begin with a couple o...
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• October 3, 2001 - Third Quarter is Not the Charm as San Francisco Endures Worst Period Ever
10/03/01
Nobody expected good news, but the third quarter report from Grubb & Ellis on the San Francisco office market is even more disheartening than anticipated. According to the bleak document, the city experienced its worst quarte...
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• Orange County Update Puts Voit, CT Realty and deRegt in the Spotlight
10/03/01
In this report we've got a lot of recent Orange County activity to get you caught up on, starting with the Voit Companies purchase of a 22-acre site, located at the corner of Lambert Rd and Idaho St, in La Habra. The acquisit...
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• Downtown LA Action
10/02/01
Here's a trio of recent deals from LA's downtown area, starting with the Bank of New York's five-year, $5.7 mil renewal of about 65k sf at MCI Center, the office/retail/hotel complex located at 700 S. Flower St and 811 S. Hop...
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• October 1, 2001 - Smaller Deals Keep Silicon Valley Market Alive
10/01/01
Though the Silicon Valley investment market is far from sizzling, a number of sales have occurred, generally involving smaller, multi-tenant properties that tend to do well even in tough economic times. For example, Burlingam...
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• Tri-Cities Leasing Update
9/28/01
We just got the word on some Tri-Cities leasing action to report, starting with a recent deal at 505 N. Brand Blvd, the 16-story, 312k sf office tower that CB Richard Ellis Strategic Partners purchased from Shuwa for $55 mil ...
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• Arden Teaches the University of Phoenix a Thing or Two About Leasing
9/27/01
In a rare Carson office buy, a private investment group based out of West LA has acquired a 127.9k sf building at One Civic Plaza Drive, near Carson St and the 405 Fwy. The property is 100% leased and sold for $13.9 mil ($109...
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• September 26, 2001 - Hayward Not Wayward
9/26/01
Against the odds, Hayward has managed to hold its own in the current falling market. Comparatively low rents ($0.75-$0.95/sf/mo for industrial space) undoubtedly has something to do with it. Companies are looking for ways to ...
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• SoCal Communities Can Look Forward to New Destination Retail Developments
9/25/01
Here's an update on two major SoCal retail projects, one a brand new development and the other a major renovation, still in the planning stages. In Glendale, Rick Caruso is getting ready to move ahead with development of the ...
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• Sportsmen Make Play For Santa Ana Building
9/25/01
In this Orange County update, we're going to cover a few recent sales in the region, starting in Santa Ana, where The House of Sportsmen purchased a 111.3k sf multi-tenant building at 2700 N. Main St, north of Memory Lane and...
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• SAFECO Leases 120k sf at Shea's New Vantis Project
9/24/01
In a major office lease just announced in Aliso Viejo, SAFECO, the Seattle-based Fortune 500 insurance company, has agreed to a 15-year lease for 120k sf of space in the first phase of Shea Properties new Vantis project. SAFE...
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• September 21, 2001 - Catellus Joins Forces With AEW in $295 Mil Mixed-Use Development at Mission Bay
9/21/01
Catellus Development Corp has signed an agreement that has the San Francisco company renting from itself. Well, actually it's not Catellus itself that is renting but rather a joint venture between the developer and AEW Capita...
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