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• February 26, 2003 - Offing the Offices
2/26/03
The number of proposed Bay Area projects that have been revised to decrease the amount of office space continues to grow. Two more were added to the list recently with announcements by Davis & Associates and Monahan Pacific C...
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• Financing Notes
2/25/03
There's been a number of interesting real estate financing transactions to report of late, and in this column we'll give you a brief overview of two completed deals along with the scoop on a major, $92 mil retail funding curr...
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• CT Spruces Up Its Portfolio with $5.3 Mil Riverside Office Buy
2/25/03
Here's the latest activity update from the Inland Empire, as we've got a pair of recent deals to report. In one, A & R Packaging and Distribution Services, a leading packaging and redistribution company, has inked a five-year...
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• February 24, 2003 - The Nonprofit Motive
2/24/03
Formerly threatened by escalating boom-time rents with either relocation to outlying areas or dissolution, nonprofit, educational and religious organizations are increasingly taking advantage of decreased values to gain great...
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• Investors Take Off From Airport Business Park with Pair of Trophy Buildings
2/21/03
Largent Group, an LA-based investment firm, picked up two industrial buildings at the new Airport Business Park in Van Nuys in a transaction worth over $13 mil ($81/sf). The buildings, a 99k sf structure at 7620 Airport Busin...
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• February 21, 2003 - Blackstone Seeking Gold
2/21/03
With investor interest strong, a growing number of Bay Area landlords are putting properties on the market. Though some are being pushed by fear of losing their buildings to foreclosure (see Feb. 13 Rentv.com article on Tishm...
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• Swig Company Un-Earths Major Downtown Long Beach Office Lease
2/20/03
There is a lot going on – real estate-wise -- in Long Beach these days, in addition to Developer Diversified Realty's two exciting new mixed-use projects, CityPlace and The Pike at Rainbow Harbor. As evidence, we've got a pai...
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• February 20, 2003 - Public City: How are the Local REITs Doing?
2/20/03
February isn't all about hearts and kisses; it's also the month when most of the public companies release their earnings reports. So we thought we'd give you a run down on how a few of the biggest in California did last year....
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• To CB or Not to CB, That Was the Question
2/19/03
Putting an end to what has undoubtedly been the biggest source of industry scuttlebutt over the last couple of weeks or so, CB Richard Ellis and Insignia Financial Group have entered into a definitive agreement in which CB wi...
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• Bay Area Partnership to Star in New Production On the Waterfront
2/18/03
A major mixed-used project is slated for development on the last remaining vacant land on the San Francisco Bay waterfront. The project will be built on a 75-acre site, the majority of bay frontage located at the 314-acre Ha...
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• Hitachi Transports Siempre Viva Business Park to the Next Phase
2/18/03
Murphy Development just inked another large deal at their Siempre Viva Business Park in Otay Mesa, as Hitachi Transport System expanded within the huge 116-acre distribution complex. Hitachi, which already leases a 112k sf bu...
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• CT Finds a Safe Arbor in Warner Center
2/14/03
Newport Beach-based CT Realty has made another investment in the western San Fernando Valley, paying $34 mil for the Arbors at Warner Center, a 250-unit ($136k/unit) apartment community at 6333 Canoga Ave, between Erwin St an...
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• Saunders and Jamison Pick Up South Bay Business Centers
2/14/03
Grubb & Ellis's Kevin Shannon has started off the new year with a bang, as he and a couple of his fellow Grubb brokers have closed a number of sizable sales in the South Bay. The first transaction we're going to tell you abou...
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• BentleyForbes Bullish on $35 Mil Listing for Temecula Fertilizer Facility
2/13/03
We've heard that a major Inland Empire industrial building, which we've reported on in the past, is available to the right buyer for the sum of $35 mil. The building of which we speak is the 413k sf Scotts Company facility at...
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• Market Center Lands on the Market
2/13/03
As anticipated by local observers, Tishman Speyer has put the 770.4k sf Market Center on the block to avoid foreclosure. The 2-building complex at 555-575 Market is 80% vacant, with one building totally empty, despite recent ...
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• Apparel Firm Sews Up Industrial Lease in Fullerton
2/12/03
We've got a few more lease comps from Orange County to share with you, starting in Santa Ana, as Advanstar Communications Inc, a Boston-based privately held publishing company, signed a six-year renewal at 201 East Sandpointe...
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• Collision Center Buyers Run into N. Orange County Industrial Sellers
2/11/03
Reports of Orange County transactions have been arriving at a fast pace since the onset of the New Year and this current narrative is comprised of sales that have recently been completed in the region. We'll open with the pr...
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• February 10, 2003 - Hopes Re-Bloom for Emporium Building
2/10/03
Less than a month after announcing elimination of the luxury hotel component from the proposed Bloomingdale's-anchored mall in the shell of San Francisco's historic Emporium building, developer Forest City California revealed...
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• Dr Lee's $14 Mil Buy Continues Healing Process in LA's Mid-Wilshire Area
2/10/03
Jamison Properties, the investment entity of Dr. David Lee, made another buy in L.A.'s Mid-Wilshire area, bringing his total portfolio up to 7.5 msf of space. The latest deal was his $14.4 mil ($72/sf) purchase of 3350 Wilshi...
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• February 7, 2003 - Happy Anniversary for Petaluma Business Park
2/07/03
It took a year, but San Francisco-based RNM Properties finally landed a tenant for its newly developed 90k sf, two-building office campus at Lakeville Business Park in Petaluma. Blasland, Bouck & Lee Inc, an environmental eng...
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