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O.C. Office Seller Takes the Risk out of Tustin 9/25/02 Here's an update on some recent office and industrial sales in Orange County, which are a testimony to the strength of the owner/user market for properties under $10 mil. We'll start in Anaheim, where Coast Sign Company paid ...
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ORIX Decides Howard Hughes "Lifestyle" not for Them 9/25/02 ORIX Real Estate Equities and development partner J.H. Snyder are said to be preparing to market their Promenade at Howard Hughes Center, a 250k sf lifestyle retail center completed about a year ago. The center is part of the...
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Arden Goes Straight to the Source for Pair of La Palma Office Renewals 9/24/02 We're going to run down a few recent Orange County leases for you, starting in La Palma, where Arden Realty inked two expansion/renewal deals at their Centrepointe La Palma complex. The transactions combine for a total of 61k...
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More Healthcare on the Verizon in Thousand Oaks 9/23/02 Here's an update on a deal we've been following for some time now, that being Baxter Healthcare's search and then extended escrow period for their new HQ location in the Conejo Valley. That process came to a conclusion as the...
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Westside Regional Center Boosts Westside Leasing Market 9/20/02 Let's start off this West LA update in the Culver City/Fox Hills submarket, as Westside Regional Center, part of a network of agencies that offer assessment, case management and support to persons with developmental disabilit...
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Shidler Inks another $5.5 Mil in Deals at Mission Valley Office Complex 9/19/02 If the experience of two major developers reflects the status of San Diego County leasing activity, then that market is definitely on the rise. For example, The Shidler Group has signed $5.5 mil worth of deals, for a total o...
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Santa Barbara Group Pays $13 Mil for Downtown Long Beach Plaza 9/18/02 A Santa Barbara investment group bought Downtown Plaza, a 100.1k sf office building in downtown Long Beach, for just over $13 mil ($130/sf). Located at 211 E. Ocean Blvd, by Long Beach Blvd, the 20-year-old structure is six s...
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September 18, 2002 - AMB Puts 3 msf of Bay Area Industrial Property on the Block 9/18/02 San Francisco-based AMB Property Corp has put 14 Bay Area industrial parks on the market. In a single-asset deal, it is asking $62.8 mil for the 4-building, 307.6k sf Ardenwood Corporate Park in Fremont. Separately, it is att...
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Possible Prelude to Public Offering? Maguire Acquires KPMG Tower 9/17/02 It appears that Rob Maguire has acquired his partners' interest in another downtown LA skyscraper, this one being the 1.1 msf KPMG Tower at 355 S. Grand. According to the LA Times, MaguirePartners has purchased the 60% stake ...
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Douglas Emmett Closes On Huge Warner Center Office Buy 9/16/02 Warner Center Plaza, the six-building, 1.8 msf portfolio of office towers in the West San Fernando Valley, has officially been sold. Wrapping up an ongoing story that we and other news agencies have been following for some ti...
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Bedford Completes $86M of Acquisitions 9/16/02 Bedford Property Investors Inc is taking advantage of the slow market to build its portfolio. The Lafayette-based REIT recently completed two major Bay Area purchases and a third in Arizona. It paid $40 mil, or $184/sf, for t...
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It Looks Like another Firm Deal at MGM Tower 9/13/02 It looks like JMB Realty is close to signing another prestigious tenant at their yet-to-be-completed MGM Tower in Century City. Per a recent report in the LABJ, the law firm of Christenson Miller Fink Jacobs Glaser Weil & Sha...
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Human Resources Firm Beams into Sunroad Corporate Centre 9/12/02 Let's catch up on a few recent lease comps from down San Diego way, starting in University Towne Centre, where Drake Beam Morin, a provider of strategic human resources, signed a five-year, $1.2 mil lease for 5.85k sf ($3.42/...
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Sale of HQ Building Could Cost Software Firm $70 Mil in Red Inktomi 9/11/02 Inktomi Corp has reached an agreement to sell its largely unoccupied Foster City headquarters back to Equity Office Properties Trust for $37.5 mil, if another buyer cannot be found by January. If the sale goes through, it wil...
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More Big Deals on the Horizon for Successful Las Vegas Brokerage 9/11/02 A trio of brokerage pros in the NAI Horizon Commercial Real Estate office in Las Vegas has completed a number of major transactions in the Vegas area, thanks in part to perseverance and good customer service. One agent, Sall...
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CT Keeps Buying and Muller Keeps Selling 9/10/02 A partnership made up of CT Realty Corp and Searles DevCorp has paid $18.7 mil for Foothill Plaza, a 208k sf ($90/sf) Class A office complex in Foothill Ranch. Located at 27422 Portola Pkwy, the recently completed two-buildin...
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September 9, 2002 - Biopharm to Crop Up in Fremont 9/09/02 Scios Inc, a biopharmaceutical company currently located at 820 W. Maude Ave. and 749 Mary Ave. in Sunnyvale, will move its headquarters to Ardenwood Corporate Center in Fremont. The company signed a $55 mil, 15-year lease wi...
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Red Sea Tidal Wave Hits Warner Center 9/09/02 Red Sea Group has nabbed another SoCal office property, as the Israel-based company paid around $22 mil for a 101k sf ($218/sf) building at 6109 De Soto Ave in Woodland Hills, per a recent story in the LA Times. Currently the...
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Arden Closes $69 Mil Investment in San Diego 9/06/02 Arden Realty, the NYSE-traded REIT led by Richard Ziman and Victor Coleman, recently closed a major office acquisition in San Diego, having picked up four properties with a total of 370k sf. Located in Mission Valley, Del Mar...
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September 6, 2002 - Colliers Completes $3.7M of East Bay Deals 9/06/02 Although commercial real estate activity continues to be very slow throughout the Bay Area, there are some deals being done. Here's a quick look at a few recent, albeit smaller, transactions from the East Bay. Dan Bergen of t...
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