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• January 14, 2003 - Building a Solid Foundation
1/14/03
The sale of a 130.8k sf R&D building at 2334 Lundy Ave in San Jose will provide more than $25 mil for much needed affordable housing in Santa Clara County. The building, at the intersection of Trade Zone Blvd, was donated to ...
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• One 500k sf Tower Sold, Two More to Go in San Diego
1/13/03
On the heels of the recent sale of San Diego's landmark 34-story One America Plaza, two more of the city's major downtown office towers may be close to trading hands. From what we understand, the owners of both Symphony Tower...
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• January 10, 2003 - Developer Misses Target
1/10/03
It appears San Franciscans won't be getting a Target store anytime soon. Negotiations between the Minneapolis-based retailer and local landlord Werbe RT Properties for a site at 8th and Harrison streets collapsed over a combi...
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• Public City
1/10/03
Every few months we like to check in on Equity Office Properties, the nation's largest REIT, just to see all the financial maneuverings that have to go on to keep that ship cruising, so here's an update on investor news since...
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• San Diego Firm Sales into a Newport
1/09/03
Newport National Corporation sold a recently completed 31.6k sf Class A office building, called Atrium II, at 2710 Loker Avenue West, north of Palomar Airport Rd and east of El Camino Real in Carlsbad, for 5.9 mil, or about $...
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• Vast Resources Acquires Vast Resource in Chatsworth
1/08/03
The San Fernando Valley recently became the new corporate headquarters for two companies. In the first of these, a major industrial sale took place in the west Valley as Vast Resources Inc closed escrow on Specialty Merchand...
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• DDR Spearheads $114 Mil Buy of Paseo Colorado
1/07/03
Following up on a brewing deal that we reported last September, it looks like Trizec Properties has finalized the sale of Paseo Colorado, the 410k sf retail portion of the open-air mixed-use development along Pasadena's busy ...
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• January 7, 2003 - State of Emergency
1/07/03
By switching to owned space, the state of California is decimating the Sacramento market, vacating nearly 700k sf of leased offices in a dozen or so buildings in and around the state capital. The Sacramento Business Times est...
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• HeyAnita Inks Five-Year Lease with Arden in Burbank
1/06/03
Here are a couple of end-of-year office transactions from the Tri-Cities area, with a sale in Pasadena and a lease in Burbank. We'll lead off with the sale, as private investors paid $3.84 mil for a 20.9k sf ($184/sf) buildin...
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• Dan Donahue Passes Away
1/03/03
Daniel W. Donahue, Chairman of Donahue Schriber and one of the industry's most respected leaders, passed away unexpectedly on December 31, reportedly due to complications from recent heart surgery. He was 60 years old. Donahu...
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• Good Morning Garden Grove!
1/02/03
Morning Shirt Company, an Orange County-based t-shirt manufacturer, acquired a 53.8k sf industrial building at 12300 Monarch, south of Chapman Ave and east of Knott St in Garden Grove. Morning, which plans on expanding and co...
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• Gloomy Forecast to Begin Year for San Francisco Office Market
1/02/03
A December 16 report from Starboard Commercial shows the San Francisco office market very much in need of a new beginning, come Jan. 1. Based on a survey of 605 buildings throughout the city, the brokerage calculated an overa...
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• December 31, 2002 - Boston Properties Counts Beans
12/31/02
Investors continue to find Bay Area properties despite the current slump. Boston Properties has sold a 220k sf warehouse in Hayward to Principal Global Investors, the nation's sixth largest institutional real estate manager, ...
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• Glendale Office Tower Sells for $157 Mil
12/30/02
Here's news of a major office sale in the Tri-Cities area to close out the year, as Wells Real Estate Trust paid $157 mil for 800 N. Brand Blvd, a 12-year-old Class A high-rise just off the 134 Fwy, at the northern end of Gle...
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• December 30, 2002 - CIM City
12/30/02
The San Jose Redevelopment Agency Board approved a comprehensive agreement with Hollywood's CIM Group for the development of $184.5 mil in housing, retail and parking at three sites in downtown San Jose. The sites include par...
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• December 27, 2002 - Financing Notes
12/27/02
Here's a quick review of a few of the more recent commercial financings placed around the Southland:
In Playa Del Rey, the George Smith Partners team of George Smith and Joel Simaie arranged $14.97 mil in financing for five ...
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• Snyder Heads Up an Oak Creek with Latest Mixed-Use Project
12/26/02
The J.H. Snyder Company, one of the most prolific developers in Los Angeles, wrapped up work on The River, an upscale Rancho Mirage retail complex, not too long ago and is now turning their attention to the Creek -- Oak Creek...
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• Watson Leggs Out another Big Lease in Carson
12/26/02
Watson Land completed another major lease at their Watson Industrial Center South in Carson. In the latest deal, Leggett & Platt, a fortune 500 manufacturing firm, has agreed to a 7.5-year, $8.3 mil lease for 219.1k sf ($0.42...
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• December 24, 2002 - Bay Area Sales Along
12/24/02
The Bay Area leasing market may be in the dumps, but a large pool of prospective buyers has developed as prices drop to more realistic levels. The pool consists of both users looking to protect themselves against future boom-...
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• December 24, 2002 - Financing Notes
12/24/02
The lending pros at ARCS have been at it again, as the big Calabasas-based multifamily lender continues to rack up additional apartment financings throughout the state and the country. Led by Howard Levine, the company has b...
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