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• Maguire Adds $79 Mil Cerritos Office Complex to IPO
5/14/03
Rob Maguire, downtown LA's most prolific office tower developer, is adding a bit of geographic diversity to his holdings prior to his public offering, expected to be made available in the second half of June. Maguire is buyin...
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• Watt, AMB and Mar Ventures Move Forward on Carson and Long Beach Projects
5/13/03
As we finish up our next South Bay Hot Transactions report, we're coming across some interesting news items from this diverse region, which stretches from LAX to Long Beach. Certainly Cushman & Wakefield is finding the South ...
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• Del Amo Fashion Center to Become a Mills Mall
5/12/03
Del Amo Fashion Center, SoCal's largest mall, is about to trade hands. According to the latest edition of Real Estate Alert, Arlington, VA-based Mills Corp has secured the winning bid for the massive 3 msf regional center, th...
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• From the Symphony to the Chamber, San Diego Sounds Great to Investors
5/12/03
Investment activity in San Diego County commercial real estate remains very strong, despite the still sputtering economy. We've reported about a number of major downtown San Diego office sales in the past few months, includin...
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• May 9, 2003 - Arden Exits the Inland Empire
5/10/03
Arden Realty, SoCal's biggest office landlord, recently completed the $43.5 mil sale of their Inland Empire Office Portfolio, consisting of four Class A multi-tenant office buildings totaling nearly 345k sf ($126/sf) and loca...
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• RREEF Grows into El Segundo with $28 Mil Office Buy
5/09/03
The office leasing market in El Segundo may have been extremely weak over the past two years, with the vacancy rate ballooning to over 20%, but with all the other types of business activity here, there's always some real esta...
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• San Jose Seller Hoping Buyers Willing to Spend More for Parkmoor
5/08/03
One Silicon Valley retail property has sold to a Georgia developer and another has gone on the block. Forum Development Group agreed to pay $48 mil for the troubled Sunnyvale Town Center, with plans to turn the 35-acre site i...
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• Fine Arts Building Enters Its Blue Period
5/08/03
Following up on a story we posted a week or so ago about downtown LA office buildings on the block, we can now report that one of the properties has changed hands, as Blue Real Estate Management has purchased the historic Fin...
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• Genesis Performs in $34 Mil Deal at SouthBay Pavilion
5/07/03
Newport Beach-based Hopkins Real Estate Group (HREG) has wrapped up a major SoCal retail buy, reportedly paying just over $34 mil for a major chunk of SouthBay Pavilion, a 937.7k sf regional mall on 71 acres at the southeast ...
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• Sunset Blvd Building to Wear the Union Label
5/07/03
Here's a trio of recent $3 mil sales from LA's Westside, in Hollywood, Santa Monica and West LA. To start, we'll take a look at the Hollywood deal, as the International Cinematographers Guild (ICG) inked a $3 mil purchase of ...
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• Has the CCDC Killed the East Village Square Project?
5/06/03
As construction on the new Padre ballpark moves closer to completion, it seems that one of the key uses in the mixed-use mix, office space, may be in jeopardy after a recent decision by the Centre City Development Corp's boar...
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• Barker Pacific Enters San Diego with Loaded Chamber Building
5/05/03
Hamilton Capital Partners, an LA-based affiliate of Barker Pacific Group, acquired The Chamber Building, an award-winning 173.7k sf office building in downtown San Diego, for about $20 mil ($115/sf). Located at the corner of ...
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• May 5, 2003 - Bay Pacific Gets Specific
5/05/03
San Francisco's highest priced office sale in nine months closed recently with the $44 mil purchase of 550 Kearny St by a private family trust known as Bay Pacific Corp. According to the San Francisco Chronicle, the seller of...
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• May 2, 2003 - Ross Dress for Lease
5/02/03
As other Bay Area companies are rushing to buy properties and end their years of leasing, Ross Stores Inc is doing the reverse. The discount retailer is abandoning its owned headquarters in Newark for leased space at CarrAmer...
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• Principal Hits a $52.5 Mil Home Run at the Stadium
5/02/03
Here's the info on a hefty Orange County office buy from a couple of weeks ago, as Principal Real Estate Investors picked up Stadium Gateway, a 273k sf Anaheim development completed in October of 2001 by a JV of Summit Commer...
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• Shorenstein May Not Need to Ask Jeeves Anymore
5/01/03
Poor timing appears not to have had the same negative affect on Shorenstein Co's new project at Oakland City Center as has been the case with many other recent office projects in the Bay Area. With the recent signing of law f...
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• There's a Fine Arts to Selling Classic Office Buildings in Downtown LA
5/01/03
Here's the scoop on some office properties for sale that may be a bit off the beaten path when compared to the newer Class A high-rises on the market that we discussed in yesterday's news. The following buildings, soon to tra...
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• Investors Hear Clear Signal that MCI Center is Back on the Market
4/30/03
The sales market continues to remain pretty active in Downtown LA, especially among the B class buildings and some of the older historic buildings. In fact, there is too much activity to cover in one article, so below is the ...
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• Here's the Scoop on Half a Dozen Firms Searching for Space in Downtown LA
4/30/03
Researching our just-posted downtown L.A. Hot Transactions report, RENTV unearthed a number of leads about some tenants said to be looking for new digs in the Central City. To pique your interest, we'll pass on a few of thos...
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• Carmel Valley and Del Mar Heights Going from Valley to New Heights
4/28/03
Boy what swings some small, but highly desirable, submarkets can go through. Such is the case with the Del Mar / Carmel Valley submarket. Situated north of UTC in an absolutely picturesque section of San Diego County (what ar...
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