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• CT Fullerton Buy Shows Why Everyone Loves Raymont
8/20/02
We'll start off this Orange County sales review in Fullerton, where CT Realty Corp paid $7.45 mil for a 192.8k sf ($39/sf) industrial building at 800 S. Raymond. The free-standing corner property sits on nine acres of land, b...
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• August 19, 2002 - Sales Market Strong in Southern Alameda County
8/19/02
Owner-users, developers and investors all continue to comb the southern end of the I-80 Corridor for attractive opportunities, drawn by the combination of comparatively low price points and a comparatively active leasing mark...
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• Arden Signs Law Firm to $16 Mil Lease at Westwood Center
8/16/02
Liner Yankelevitz Sunshine & Regenstreif, LLP (LYS&R), a Santa Monica-based law firm, has inked a 10-year lease for 38.85k sf at Westwood Center, the award-winning tower at 1100 Glendon Ave in Westwood Village. The transactio...
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• August 16, 2002 - Location Tells in Two East Bay Office Sales
8/16/02
What a difference a mile makes. Two Walnut Creek office properties have sold for widely divergent prices, with distance from transit and other businesses the determining factor. Both were bought by local investors. Greenville...
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• Maguire Schools LAUSD in Real Estate Leasing
8/15/02
The LAUSD has finalized a big office renewal in downtown Los Angeles, as they opted to remain at MaguirePartners' KPMG Tower on Bunker Hill, rather than relocating to the Transamerica Center, the primary competitor for the he...
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• August 14, 2002 - Big $55 Mil Pre-Lease Enables MaguirePartners to Add an Asset to Its Assets
8/14/02
In a vote of confidence for the Tri-Cities office market, Western Asset Management, one of the world's premier fixed income investment managers has signed a $55 mil, 10-year-lease agreement for 155k sf ($2.96/sf/mo) of office...
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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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