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• March 19, 2003 - Bottoms Up!
3/19/03
The bottom is near. Or so says BT Commercial in a Bay Area forecast for 2003. According to the report, As the national and international economy improves and job growth resumes, the Bay Area can expect to demonstrate typica...
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• Summit Completes Healthy $100 Mil Investment in Kaiser
3/18/03
A landmark Oakland property has changed hands, as El Segundo-based Summit Commercial Properties closed on the 1 msf Kaiser Center, in a complex $100 mil transaction that took nearly a year to conclude. The focal point of the ...
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• Red Mountain Makes $28 Mil Buy of National Grocery Store Sites
3/17/03
Red Mountain Retail Group, a Santa Ana-based real estate investment and development company based in Santa Ana, closed a $28 mil buy of a 700k sf, 11-shopping center portfolio. Although the official word coming down the PR pi...
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• Pfizer Helps Local Industry Pros Get Excited About Irvine Office Market
3/17/03
It looks like giant pharmaceutical company Pfizer is trying to cure the suffering Orange County office market by more than doubling the amount of space they currently lease at the Irvine Center Towers. According to a recent s...
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• Investor Applies a Little Unileverage in $8.6 Mil San Gabriel Buy
3/14/03
Investment and leasing activity have been a bit slow in the San Gabriel Valley, but there have been a handful of newsworthy deals so far in this first quarter of 2003. Here's a look at a few interesting transactions, starting...
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• 1.1 msf Upland Retail Development Gets Underway
3/13/03
Construction on Colonies Crossroads, a new Inland Empire retail mega-development, is underway. Infrastructure and major street work has already been started on the $200 mil, 110-acre Upland project, with site work and grading...
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• RENTV Man About Town Hears of Big Tenants in the Market
3/13/03
By Steve Bloom
Rentadmin@rentv.com
While the majority of our discussions of tenants in the market are usually reserved for our Executive Subscribers, as part of our Hot Transactions Reports, every so often we like to throw t...
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• Westcap Renews Their Westside Home at Westwood Gateway
3/12/03
We just received word on a notable lease renewal in West LA, which we'll share with you in this report, along with an update on a recent sale from the Westside. In the lease, Westcap Investors finalized a six-year renewal for...
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• March 11, 2003 - Legal Maneuvers
3/11/03
It's official. Orrick, Herrington & Sutcliffe, a prestigious San Francisco law firm that celebrates its 140th anniversary this year, will move from one of the city's most historic structures into one with virtually no history...
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• The Irvine Company Heads to the Symphony
3/10/03
Another landmark downtown San Diego high-rise is about to trade hands, as The Irvine Company is reportedly about to close escrow on Symphony Towers, the 570k (gross) sf high-rise owned by Alecta Real Estate, a subsidiary of S...
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• CIP Spends $22 Mil for Sequels in Empire Trilogy
3/07/03
CIP Real Estate has decided to beef up its investment in the Inland Empire office market by purchasing the Empire Towers II & III office buildings in Ontario as an addition to its earlier acquisition of the Empire Towers I bu...
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• Ontario Home Center Sells for $26 Mil
3/06/03
Two investor groups closed a major retail sale in the Inland Empire, that being Ontario Home Center, a 130k sf home furnishings center located at Ontario Mills, at the intersection of Milliken Ave and East Inland Empire Blvd....
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• Kearny Flips Five Warner Center Properties for $17.55 Mil
3/05/03
Kearny Real Estate has been quick to follow through with their plans for the 15-property low-rise Warner Center portfolio they acquired from AEW/Harvard Endowment Fund last year, as they just sold five of the office/warehouse...
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• March 5, 2003 - X-Ray Vision
3/05/03
Though UCSF has a new 43-acre research campus in development at Catellus Corp's Mission Bay, the university signed a 15-year lease for 50k sf at China Basin Landing, a 727k sf complex adjacent to the 300-acre Catellus site. T...
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• Voit Locks Up Record OC Industrial Buy in Steelcase
3/04/03
In what we're being told is the biggest industrial sale in Orange County history, Voit Development Company has acquired the 1 msf former Steelcase facility, the largest building in the Irvine Business complex, which is at 112...
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• British Group Makes Fashionable Investment in Downtown LA
3/03/03
Here's an update on a story we reported about a month ago, which mentioned that a Hertz Group-led investment partnership was shopping their giant 3 msf California Market Center showroom complex in downtown LA. The latest news...
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• Defense Contractor Goes on Offensive in Warner Center
2/28/03
ATK, a leading defense contractor formerly known as Science and Applied Technology, solidified their long-term plans to remain in the San Fernando Valley's Warner Center area by inking a pair of 10-year leases, for a total of...
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• Apollo Aims for the Stars with Major Retail Buy on LA's Westside
2/27/03
It looks like NY-based Apollo Real Estate Advisors is about to acquire a major Westside retail property, that being the Beverly Connection, a 387k sf property at 8049 West Third Street. According to Real Estate Alert, Apollo ...
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• Hagar Pacific Distributes $10 Mil for Giant Hesperia Distribution Facility
2/27/03
Here's a follow-up about a property we've been reporting as “on the market” for some time now, that being the former Heilig-Meyers distribution facility in Hesperia. Hagar Pacific Properties, a SoCal-based real estate investm...
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• LA Investors Come to a $40 Mil Crossroads
2/26/03
Well-located, successful urban retail centers are in high demand by investors these days, as anyone who's been following our site knows. And here's news of yet another significant sale, as Crown Realty & Development has sold ...
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