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• An Apple a Day Leads to Healthy $4 Mil Buy in West LA
9/25/03
In the Corporate Pointe section of Culver City, up on Fox Hills off Slauson Ave, Amberjack Ltd, a subsidiary of State Farm Insurance, has sold the two office buildings at 200 and 300 Corporate Pointe. The buyer was Praedium G...
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• SCI Properties not Jaded by $22 Mil Office Buy
9/24/03
SCI Properties closed on a San Fernando Valley office buy, as the investment firm paid $22.2 mil for Jade Corporate Plaza, a four-building, 131k sf ($169/sf) complex at 15451-15515 San Fernando Mission Blvd. Located at the ju...
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• "They're Off!" at Del Mar
9/24/03
Construction has begun on Del Mar Station, a 4.5-acre mixed-use project being developed by LA-based Urban Partners LLC. Designed around a new North-South Metro Gold Line light rail terminus, the master-planned development wil...
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• Victoria No Longer a Secret in Rancho Cucamonga
9/23/03
A major new Inland Empire retail center is under construction, as Forest City Enterprises has broken ground on the Victoria Gardens regional mall, a 1.3 msf open-air lifestyle and entertainment center being developed at the I...
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• On the Market; Off the Market for SoCal Office Properties
9/23/03
Equity Office Properties is shopping 10 SoCal office properties that reportedly have a combined value of around $200 mil. According to Real Estate Alert, the giant Chicago-based REIT took title to the properties, two in the L...
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• Koll Goes to the Wells, Two more Times
9/22/03
Wells Real Estate Investment Trust, the privately held REIT, continues to boost their SoCal portfolio with the recent addition of two Orange County office properties. One of the acquisitions is Koll Center Irvine Phase II, a ...
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• Warner Brothers to Star in $250 Mil Blockbuster Burbank Office Saga
9/20/03
A major office lease we have been tracking for what seems like years finally closed this week in Burbank's Media District, as Warner Brothers has agreed to a lease for the entire 456k sf Studio Plaza building at 3400 Riversid...
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• Earthlink Says "Hi Fidelity" in Big Pasadena Sublease deal
9/19/03
The Tri-cities office leasing market is a patchwork of activity these days. You've got Pasadena, which is kind of a market unto itself with its tech and creative companies that feed off the eclectic and architectural surround...
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• September 19, 2003 - New Northridge Quake
9/19/03
Northridge Mall, a 973k sf regional shopping center in Salinas, has been purchased by the Macerich Co of Santa Monica for about $128.5 mil in cash. The REIT used available cash and borrowings on its line of credit to fund the...
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• Westwood Tower Sees More Activity Thanks to Spyglass
9/19/03
We'll start this rundown of some recent Westside leases in Westwood, home of the 1-1 Bruins, where Spyglass Entertainment ended a six-month search by grabbing 17.5k sf of office space at 10900 Wilshire Blvd, the stately red b...
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• Layton-Belling Creates New Investment Fund
9/18/03
Here's a news piece that's already been in the Times and the O.C. Business Journal, but that doesn't mean that we're not going to report it, as Newport Beach-based Layton-Belling & Associates (LBA), a full-service real estate...
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• San Fernando Valley Office Seller Fields Successful $26 Mil Offer
9/18/03
A 190k sf Woodland Hills business park has changed hands for the second time in three years, as a Las Vegas-based apartment developer paid $26 mil ($137/sf) for Warner Commerce Center, an eight-building property situated on 1...
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• South Bay Development has got Global Mail
9/17/03
Lease transactions totaling more than a quarter-of-a-million square feet have been signed in the past 30 days at the Carson Town Center, a 76-acre business park owned by an alliance of San Francisco-based real estate investme...
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• Shidler and Praedium Collect $25 Mil from Two San Diego-Area Office Properties
9/16/03
In San Diego, The Shidler Group and The Praedium Group have sold two office properties, in separate transactions, that the two companies owned jointly in investment partnerships. One of the properties is Carmel Corporate Plaz...
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• September 16, 2003 - Trio of Tri-Valley Deals
9/16/03
ICN Biomedicals signed a 5-year lease for 9.2k sf of R&D space at Livermore Valley Business Park in Livermore. The deal has a total value of approximately $500k. The company, which provides products for life sciences and biot...
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• Pair of Silicon Valley Office Properties on the Block
9/15/03
We've learned of a pair of major Silicon Valley office properties that have recently hit the market and which have a combined value of near $135 mil. The info was taken from the latest edition of Real Estate Alert.
One of t...
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• Tri-Cities Office Market Reaches High Point with Pinnacle Sale
9/13/03
Here's an update on a major SoCal office property that we've reported as being on the market in earlier news stories and in our recent San Fernando Valley Development Site report. The property is Phase I of M. David Paul's Pi...
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• Maguire about to Add another Downtown LA Skyscraper to Its Portfolio
9/12/03
Investor interest in downtown L.A. office properties continues to swell, as we've got news of another major tower about to trade hands. Maguire Properties, the office REIT formed earlier this year by Rob Maguire, has reported...
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• September 11, 2003 -- $200 Mil Affordable Housing Project Glides Along in SF
9/11/03
Less than a month after Ronaldo Cianciarulo's Baker Hamilton Properties LLC sold three buildings at 601-625 Townsend St in San Francisco to Macromedia, the company sold a building one block east to another buyer that plans to...
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• Equity Residential Fells Mighty Oaks in Santa Clarita
9/10/03
Chicago-based Equity Residential, the nation's largest apartment REIT, just closed on a major SoCal buy, having paid $85 mil for The Oaks of Santa Clarita Apartments, a 520-unit ($163.5k/unit) property in Santa Clarita. Pacif...
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