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• $22 Mil Worth of San Gabriel Corporate Centers Trade Hands
9/10/03
The Grubb & Ellis trio of Kevin Shannon, Scott Schumacher and Mike Moore has recently closed a pair of newsworthy San Gabriel Valley office investment sales, which have a combined transaction value of about $22 mil. One of th...
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• McGraw-Hill Inks Deal for 47k sf in San Francisco
9/09/03
In one of the largest San Francisco office leases of the 3rd quarter of 2003, The McGraw-Hill Companies has inked a deal for 47.5k sf at 160 Spear St. Terms of the transaction were not disclosed. The Class A high-rise office ...
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• New Project Pulls into Union Station
9/09/03
RENTV's man on the street has learned that there is a new building in the works over at Catellus Development's Union Station development in downtown Los Angeles. From what we understand, Catellus has inked a deal with the org...
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• September 8, 2003 - Capital Gains
9/08/03
Sacramento industrial development is on the upswing, with a spate of new projects announced or in progress.
In August, McClellan Park LLC acquired 35 acres adjacent to the former McClellan Air Force Base for construction of ...
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• Thousand Oaks Mall Sells for $47 Mil
9/08/03
A Los Angeles-based partnership, Maxim LLC, has purchased Janss Marketplace in Thousand Oaks for $47 mil, as part of a 1031 exchange. Located on the northwest corner of Hillcrest Dr and Moorpark Rd in Thousand Oaks, Janss Mar...
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• RENTV goes Hunting for Retail Sales in Huntington Beach and Huntington Park
9/05/03
Here are a couple of good-sized SoCal retail sales comps in the $12 mil to $15 mil range, with one of the deals being in Huntington Beach and the other in Huntington Park. We'll start with the larger of the two transactions, ...
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• Bascom is Basking in the Limelight
9/05/03
The Bascom Group, out of Irvine, has been making quite a bit of news in the real estate industry of late, and we've got some of the major items to share with you in this report. About a month ago Bascom announced that they've...
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• Lowe Collects $75 Mil from Sale of Wilshire Bundy Plaza
9/04/03
Wilshire Bundy Plaza, one of the few recent Westside high-rises on the market just sold, as Brentwood-based Namco Capital paid $75 mil for the 14-story, 290k sf property at 12121 Wilshire Blvd, on the northwest corner of Bund...
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• September 4, 2003 - $22 Mil Deal Brings Port Los Angeles Distribution Center to Fully Leased
9/04/03
The 1.8 msf Port Los Angeles Distribution Center (PLADC) in San Pedro is now one hundred percent leased, with the recent announcement that FMI International, a leading third party logistics provider, has inked a deal to expan...
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• Small NoCal Town Home to Big $32 Mil Home Depot Sale
9/03/03
A Phoenix-based investment partnership called The Cole Group purchased a 116.4k sf big-box-retail property that is the home of the Colma Home Depot, in the Bay Area city of Colma. The property, which includes nine acres of la...
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• Mani Brothers Closes Record-Setting Downtown LA Office Buy
9/03/03
A new price per square foot record for office property sales in downtown Los Angeles was just set with the sale of 801 Tower, a 435k sf Class A high-rise at 801 S. Figueroa, which sold for $105 mil, or about $240 per square f...
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• AvalonBay Sells Amberway
9/02/03
A 256-unit apartment complex in San Diego's University Town Centre area was sold by Northwestern Mutual Life Insurance for $50.8 mil, or about $199.2k/unit. Called Lucera at UTC, the property was sold in two separate transact...
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• Wells Invests $38 Mil in Pasadena Office Property
9/02/03
There were a couple of $35 mil+ office sales from the San Fernando Valley/Tri-Cities area over the past couple of weeks to let you know about. One of the buildings is Koll Pasadena Center, a 176k sf, five-story building at 10...
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• Chico is the Man in $85 Mil Self-Storage Sale
9/01/03
Marcus & Millichap recently closed the largest self-storage property sale in the brokerage firm's 32-year history. Charles “Chico” LeClaire, a Senior Director out of M&M's Denver office, brokered Guardian Storage Center's $85...
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• Leasing Deals in the Wild Wild West SF Valley
8/29/03
While we've been pretty good at getting to the big SF Valley and Conejo Valley deals in a timely manner, we recognize that a lot more leasing has been going on in this fairly active area. So in this piece we'll give you a rec...
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• CIM Still Shopping in Downtown Los Angeles
8/28/03
It looks like a couple of big downtown office properties that we mentioned in our “Properties on the Market” section in April's Downtown Los Angeles Hot Transactions report may be getting closer to trading. One of the propert...
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• Sales Deals Keep Flowing in Orange County
8/27/03
The summer sales velocity in Orange County is staying strong, and we've got more than a half dozen recent closed purchases to let you know about.
Starting in Santa Ana, Lend Lease Real Estate Investments sold the 192.3k sf C...
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• August 26, 2003 - Cooperative Venture
8/26/03
In an unusual partnering of representatives from three different brokerages, Kevin Van Voorhis of Colliers International, George Eckard of Cushman & Wakefield and Breck Lutz of Cornish & Carey Commercial teamed up to work bot...
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• State Agency Helps Keep Kearny Mesa Office Market Healthy
8/26/03
In a Kearny Mesa office lease, California's Department of Health Services agreed to an eight-year, $3 mil deal for 15.3k sf ($2.04/sf/mo) of space at 9555 Chesapeake Dr, a 60k sf Class B office/flex building. The building off...
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• August 25, 2003 - Shorenstein Trifecta
8/25/03
Three leases totaling nearly 20k sf have taken the newest building at Oakland City Center to 62.5% leased. CB Richard Ellis, Symbol Technologies and DASSE Designs have all signed for space in 555 City Center, a 487k sf tower ...
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