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• Pacific Coast and SRM are On The WaterFront
7/23/03
A partnership of Pacific Coast Capital Partners (PCCP) and SRM Associates has announced the acquisition of a 380k sf office, R&D and light industrial complex situated on 25 acres of waterfront land at Harbor Bay Business Park...
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• Red Lion Roars Louder after $55 Mil Portfolio Refinancing
7/22/03
WestCoast Hospitality Corporation (NYSE:WEH) has just wrapped up $55.2 mil in refinancing of a portfolio of 10 full-service Red Lion hotels, totaling 2,040 rooms. The transaction was arranged by Sonnenblick-Eichner Company, a...
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• July 22, 2003 - Arden Makes Waves at Howard Hughes Center
7/22/03
Arden Realty, the Brentwood-based REIT (NYSE: ARI) recently signed up one of the biggest leases to close on the Westside this year, when it inked documents with Pepperdine University for the school to occupy 112k sf at 6100 C...
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• Brokers' Notes About Corporate Assignments
7/21/03
Brokers love to get those clients that have multiple assignments. You know, those corporate accounts. But the way we report about deals within markets or submarkets can shortchange these multi-market brokers from getting some...
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• Adler Realty Gets 127k SF Encore Performance At Alton Property
7/21/03
In one of the largest leases so far this year in Orange County, Encore Credit Corp, a mortgage lender, leased 127,718 sf of office space from Adler Realty at 1833 Alton Parkway in Irvine. Encore will be moving from approximat...
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• First National Bank Center in San Diego Sells For $115 Mil
7/18/03
DRA Advisors/Landmark Asset Management Group has purchased the 27-story, 547k sf, First National Bank Center, located at 401 West A Street in downtown San Diego, from USAA Realty Company for $112 mil ($205/sf). The Class A hi...
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• Pro Moves: Holliday Takes A Permanent Holiday From Lend Lease
7/17/03
Reporting out of Houston, this release came to us at the end of June, so excuse the fact that this really happened a few weeks ago, but we'll inform you that Holliday Fenoglio Fowler, L.P. completed an agreement for a managem...
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• Voit Building $44 Mil Industrial Park In Burbank
7/17/03
On Thursday, July 10, Woodland Hills-based Voit Development Company closed escrow on a 22-acre site adjacent to the Burbank Airport, where the company will develop the Burbank Airport Commerce Center, a $44-million, 480k sf s...
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• Alert Alert
7/16/03
We've been hearing about a whole new slate of office building sale activity, much of which has been recently picked up in the Real Estate Alert, so here's a rundown on some great So Cal office properties that have become offi...
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• July 16, 2003 - Google Search Comes Up With SGI Campus
7/16/03
Google Inc., which operates the Internet's most popular search engine, has found a way to help the Silicon Valley market by filling some 503k sf of sublease space. The company will relocate its headquarters to Silicon Graphic...
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• PUBLIC CITY
7/15/03
It's great to see the REIT sector growing up. In their infancy the companies paddled around, finding their ways as public entities before taking any chances. As they got bigger we saw some fairly friendly takeovers. Some were...
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• City Council Approves Agreement for $123 Mil South LA Development
7/15/03
An important new LA retail/residential project moved another step closer to becoming reality recently, as the Los Angeles City Council approved the agreement with Capital Vision Equities and Keyshawn Johnson for the developme...
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• Bascom Closes Suite Deal for Trio of Premier Office Centers
7/15/03
The Premier Business Centers unit of the Bascom Group has acquired three executive office centers from Western Business Centers and plans upgrades at all three. The three centers consist of a 12.1k sf suite on the eighth floo...
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• No Cal Real Estate Diet
7/14/03
Two more troubled Bay Area companies managed to terminate long-term leases for excess space recently, one taking conventional measures and the other coming up with a highly innovative solution. Pleasonton-based software devel...
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• Arden Spears Major Downtown San Diego Tenant
7/14/03
In one of the biggest downtown San Diego office leases so far this year, Arrowhead General Insurance Company agreed to a 10-year, $19.1 mil deal for 67.7k sf ($2.35/sf/mo) of office space at 701 B St, a 24-story, Class A offi...
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• Platt's Plans Plastered by Pols in Burbank
7/11/03
By Steve Bloom
Earlier this quarter the Burbank City Council flexed their land use and architectural muscle and unanimously rejected developer Rick Platt's plans for the four-acre site bounded by North Lima St on the west an...
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• July 10, 2003 - L.A. Investor Feeling Better after Purchase of Building with a Good Health Plan
7/10/03
Kaiser seems to be a popular name in Bay Area real estate circles right now. At the same time that Bay Area Rapid Transit is on the verge of signing a 200k sf lease at Kaiser Center in Oakland, the Kaiser Building in Milpitas...
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• July 9, 2003 - BART on Track for Kaiser Center
7/09/03
Less than a month after completing a rail link to San Francisco International Airport, Bay Area Rapid Transit appears close to completing another major project, consolidation of most of the agency's offices in a single buildi...
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• Continental Development Pays $42 Mil for Torrance Office Campus
7/09/03
El Segundo-based Continental Development Corp has purchased Skypark Center, a 376.7k sf office park in Torrance, from a Delaware investment group for $42.5 mil ($113/sf). Located north of Pacific Coast Highway and bordered b...
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• Apollo Shoots for the Moon in West Hollywood
7/08/03
Apollo Real Estate Advisors, the NY-based real estate funds advisory company, is reportedly about to buy the Beverly Connection, a two-level, 322k sf retail complex directly across the street from the Beverly Center. The cent...
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