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• August 22, 2003 - Flash! Macromedia Buys San Francisco Property
8/22/03
Macromedia Inc, which in 2001 terminated negotiations for a new headquarters building on San Francisco's Potrero Hill, has decided to buy an existing complex across the street from its current location in the city's Design Ce...
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• Tomorrow Locks Up This Year's Biggest Vegas' Office Buy Today
8/21/03
Here's news of what is reported to be the largest office sale in Las Vegas so far this year, as
Tomorrow 33 Convention LP has acquired Convention Center Plaza, a 307.1k sf Class A building located in the heart of central Las...
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• Investors Continue to Pursue Major LA-Area Office Properties
8/21/03
LA's office leasing market may still be sluggish, however, demand on the investment side seems to be growing. There have already been a number of major office sales in the Los Angeles area so far this year, including Arco Pla...
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• Shea and Capital & Counties Team up on $70 Mil Mixed-Use Project in Pasadena
8/20/03
Shea Properties has begun construction on an exciting new mixed-use development in Pasadena's Historic Playhouse District. Called Trio, the project comprises an entire city block and will contain 304 apartment units over 14.6...
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• August 20, 2003 - Biotech Firm Buys Foster City Campus
8/20/03
Shoring up the San Francisco Peninsula's reputation as the hub of the nation's biotech industry, Gilead Sciences Inc finalized an agreement to purchase its Foster City campus from a subsidiary of Equity Office Properties Trus...
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• Public City
8/19/03
In this mid-year earnings re-cap, we'll start with the largest REIT in the country, Chicago-based Equity Office Properties Trust (NYSE:EOP), which in the second quarter of this year had net income available for common shares ...
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• Porter Ranch Center Sells
8/19/03
In Porter Ranch, a high-income residential community on the northern outskirts of Northridge in the San Fernando Valley, Porter Ranch Shopping Center was sold by an affiliate of Santa Monica-based Doerken Properties to the Kl...
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• NoHo is a Go
8/18/03
After decades of major setbacks in the effort by Los Angeles' Community Redevelopment Agency to re-vitalize the blighted commercial core of North Hollywood, the LA City Council unanimously approved J.H. Snyder Company's devel...
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• August 18, 2003 - Sherman Oaks Firm Pays $20 Mil for New Escondido Retail Center
8/17/03
An investment partnership managed by Sherman Oaks-based ACF Property Management closed a $19.9 mil retail buy in Escondido, in which they acquired the 97.7k sf ($204/sf) retail portion of Escondido Gateway. The mixed-use deve...
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• Here's $233 Mil of LA-Area Apartments on the Market
8/15/03
Many industry experts are telling us that multifamily properties are still the safest investment bet, at least in Southern California, at this point in time, with the economy still trying to shake out of the doldrums. In the ...
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• Badda Bing! HBO Signs for 110k sf at Colorado Center
8/15/03
We just learned of a major Westside office lease that signed today, as HBO has taken the top two floors at Colorado Center's 2500 Broadway building, for a total of 110k sf in a 15-year deal. The big cable programmer, which we...
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• August 14, 2003 - Superior Project
8/14/03
A joint venture between Superior Real Estate Inc and Los Banos Mutual Family Farms Ltd has taken an option to purchase 775 acres at I-5 and Rte 152 near Los Banos for $1.5 mil. The latter of the joint venture partners is also...
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• August 14, 2003 - Family Partnership Wraps Up $5 Mil Buy of Sorrento Mesa Building for Kreiss' Sake
8/14/03
A 58.4k sf industrial building that currently serves as the corp HQ and distribution facility for Kreiss Enterprises, manufacturers of fine furniture, was purchased by the Aardema Family Partnership for $4.8 mil ($82/sf). Loc...
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• City of San Fernando Sees Significant Land Deals
8/13/03
In a matter of weeks, we caught news of two sizable deals for sites in the City of San Fernando, which is in the northernmost part of the central SFV, tucked under Sylmar and the Angeles National Forest.
The first transacti...
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• San Clemente Industrial Park Sale is Foremost in the News
8/12/03
Foremost Business Parks LLC, a Laguna Hills-based commercial real estate investment firm, has beefed up their portfolio with four recent acquisitions in south Orange County. The recent acquisitions, all multi-tenant industria...
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• The Irvine Company Comes to New Arrangement with Cisco in Milpitas
8/11/03
San Jose-based Cisco Systems Inc, which has described itself as the backbone of the Internet, paid an undisclosed sum to buy out its lease for nearly 800k sf at the McCarthy Center in Milpitas. The 19-building property is own...
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• Maguire Makes Case for $20 Mil Law Firm Renewal at US Bank Center
8/08/03
We just learned of two very recent law firm renewal deals in downtown Los Angeles, one at US Bank Center and the other at 800 Wilshire. In the larger of the two transactions, White & Case LLP, one of the world's top five rank...
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• Great Mall Becomes Great Mills Acquisition
8/07/03
The Great Mall of the Bay Area, the Milpitas retail center that was converted in 1994 from a former Ford Motor Co assembly plant, has been sold to Mills Corp for $265.5 mil. The figure is about $15 mil under the asking price....
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• BART Makes $45 Mil Stop at Lake Merritt
8/07/03
Here's an update on a major East Bay office lease we first told you about a month ago, that being Bay Area Rapid Transit's (BART) deal for 200k sf at Kaiser Center in downtown Oakland. We received word that the deal has been ...
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• Electronic Arts ain't Playing Games
8/06/03
Electronic Arts, the world's leading interactive entertainment software company, has finalized a mega-office lease at Playa Vista, agreeing to a long-term deal for virtually all of the two-building, 250k sf campus developed b...
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