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• August 13, 2002 - Shorenstein Shoring up City Center
8/13/02
After a shaky start, Shorenstein Co's new high-rise at Oakland City Center has begun to fill. The 21-story tower opened in March with a scant 25k sf of its 487k sf accounted for. Subsequent leases have seen tenants take an ad...
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• Samsung Lands on Park Place
8/12/02
In this report, we're going to give you a brief update on a number of recent leases from Orange County. To start, we'll go to the master-planned city of Irvine, to mention three deals, including Samsung Electro Mechanics' 78-...
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• Arden Makes $66 Mil Office Buy in Torrance
8/10/02
Investment activity in the South Bay seems to be heating up. Just a week or so after reporting a couple of major office sales in the region – Commercial Ventures' $28.5 mil buy of Andrex Point and The Abbey Company's $20 mil ...
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• Tishman Speyer Takes Great Protocare with Latest Renewal at MGM Plaza
8/09/02
A 13.2k sf office building in Marina del Rey was acquired by HIJD Family Trust for $2.25 mil ($170/sf). Located at 13470 Washington Blvd, near Lincoln Blvd, just a few blocks away from the new Rentv World HQ facility, the buy...
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• August 8, 2002 - European Investor Buys into S.F.
8/08/02
Fremont Properties, a subsidiary of San Francisco-based Fremont Group, has formed a new partnership to own and operate 199 Fremont, a 29-story office building it completed two years ago in San Francisco's South of Market dist...
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• Equity Just Says No to Revised Offer for Industrial Portfolio
8/07/02
Following up on a widely reported story from a few weeks ago, Equity Office Properties will not, as of today, be selling a portfolio of 22 industrial properties to AMB Properties, after the SF-based REIT requested that the ag...
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• College to Develop New Campus Where Sun don't Shine
8/07/02
Flush from the sale of its original Palo Alto headquarters to a Jewish nonprofit, Santa Clara-based Sun Microsystems has sold 81 undeveloped acres in Newark to another non-commercial enterprise, Ohlone College. The price was ...
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• Warner Corporate Center Lucks Out with Latest Deal
8/06/02
Although demand for office space in the San Fernando Valley remains weak, we do have a couple of recent transactions in the area from professional firms to report. However, like much of the current market activity, neither of...
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• Northrop Grumman Targets More Space in Rancho Bernardo
8/05/02
Northrop Grumman Systems Corp, the international aerospace and defense firm, in need of additional space for their Global Hawk reconnaissance system unit, inked a sizable lease in Rancho Bernardo. Northrop signed a $5.4 mil d...
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• TIG Inks another Commons-Place Deal for Bedford in Napa
8/05/02
In one of Napa County's largest commercial lease agreements for 2002, TIG Specialty Insurance Solutions has signed an 86-month lease for 21.3k sf at Bedford Property Investors' Carneros Commons development in Napa. Owned by T...
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• Thomas Properties Takes Round Two in Fight to Develop El Segundo Campus
8/02/02
In another setback to Kilroy Realty's attempt to block development of El Segundo Corporate Campus, Thomas Properties Group's planned 2.1 msf mixed-use project in El Segundo, a Superior Court Judge last week ruled against Kilr...
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• Commercial Ventures Cures Hyundai of Andrex
8/01/02
You've been hearing this same story from more and more office market reports of late – very few tenants shopping for space but a lot of investment activity. And nowhere is this more apparent than in the South Bay, where vacan...
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• NBC Division Says NBC-Ya-Later to Current Home and Hello Pinnacle
7/31/02
Although pros tell us that the short-term outlook for activity in Burbank remains rather dismal, with few new sizable tenants touring space, there have been a couple of recent entertainment industry deals to report, one of wh...
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• Watson Lands Two More Tenants in Carson
7/30/02
We've got more news from Watson Land Company, the big LA-based developer of master-planned industrial centers. Just a couple of days after letting you know about the company's acquisition of a 32-acre site in Ontario, for the...
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• July 30, 2002 - A
7/29/02
Looking to take advantage of today's low rents, Affymetrix Inc just signed a lease to more than double the size of its main campus in Santa Clara, but it doesn't plan on using the additional space till September 2004. The lea...
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• Kearny Mesa Building to House San Diego Workforce
7/29/02
Sammy Holding Company will be moving into NorthPointe Tech Center, after inking a seven-year, $5.2 mil lease for 47k sf ($1.32/sf/mo) of space at the three-building complex. Originally part of a 251.5k sf Hughes Electronics f...
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• UPS Delivers Logistics Subsidiary to New Rancho Cucamonga Facility
7/28/02
Watson Land Company, already one of the largest developers of master-planned industrial centers in the L.A. area, a few weeks ago paid $7.3 mil for a fully entitled 32-acre ($5.24/sf) site within Catellus Development's 588-ac...
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• Marcus & Millichap Report Proclaims Retail Investment Market is Strong
7/26/02
For those of you looking to get a better read on the retail market now that we've passed the year's mid-point, Marcus & Millichap Real Estate Investment Brokerage Company recently released its National Retail Research Report ...
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• Summit/Mack-Cali Selling Out Stadium in Anaheim
7/26/02
It's comp time for those of you keeping up on leasing activity in Orange County, as we run down a number of notable deals from the past few weeks. We'll begin with a juicy $7.2 mil government deal, as the Social Security Agen...
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• July 25, 2002 - Mission Launch for New 590k sf Government Project in SOMA
7/25/02
Local and federal officials were celebrating groundbreaking July 18 for a new $141 mil federal building at 7th and Mission streets in San Francisco, across from the 9th U.S. Circuit Court of Appeals. The 18-story, 590k sf bui...
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