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AMCAL’s Avenue 26 Wins Best in American Living – Silver Award for Affordable Housing 6/24/08 Agoura Hills-based AMCAL Multi-Housing Inc, was recently honored with the Best in American Living – Silver Award for Affordable Housing by Professional Builder Magazine and the National Association of Homebuilders (NAHB) for ...
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Bunzl Inks $15 Mil Lease for Cerritos Facility 6/24/08 Bunzl, a UK-based company that provides outsourcing solutions and value-added distribution of commercial products, agreed to a $15.3 mil lease for a 178.5k sf Cerritos industrial building in a recent transaction. The facility...
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Winds of Life Brings Fresh Breeze to Century City Office Tower 6/23/08 Held Properties Inc is ushering in a new era at 1880 Century Park East, a landmark, 38-year-old office tower in the heart of Century City in LA’s Westside. The company just wrapped up an extensive, $8 mil renovation and moder...
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LA Center Studios Heads into Summer with Big Swimwear Deal 6/23/08 Los Angeles Center Studios (LACS) is swimming in activity these days, particularly after their most recent deal with Warnaco Swimwear Group, a leading apparel company, which just signed a seven-year lease for two full floors ...
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Maersk Locks Up 500k sf of SoCal Logistics Space 6/20/08 In a move that sends a strong signal about the continued desirability of warehouse/logistics space in Southern California, Maersk Distribution Services Inc, a subsidiary of Denmark-based Maersk Inc, has just renewed leases fo...
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Recent Deals Bring Torrance Pointe to 93% Occupied 6/19/08 Recent leases with AT&T for 37.5k sf and Network Global Logistics for 14.3k sf have brought Torrance Pointe, a 143k sf office campus in Torrance, to 93% occupied. The property, located at 21041, 21061 and 21081 Western Ave, w...
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Uncertainty at the Ports to Lead to More SoCal Distribution Facilities 6/18/08 One of the main points stressed at a recent SoCal broker event was that ongoing port uncertainties and rising fuel costs are expected to lead to the development of additional distribution facilities in strategic locations thr...
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Major Changes Underway at Maguire 6/18/08 Barely one month after taking over the helm of SoCal office landlord Maguire Properties, President and CEO Nelson Rising has announced a number of key initiatives designed to ultimately maximize value for the company’s shareh...
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Taiwanese Distributor Leases 92k sf Santa Fe Springs Facility 6/17/08 Ta Chen International, a Taiwan-based manufacturer and distributor of stainless specialty metal products for service centers and wholesale supply houses, has signed a seven-year, $6 mil lease for a 92.3k sf ($0.77/sf/mo) indu...
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Industrial Buyers Go Fox Hunting in Lancaster 6/16/08 A pair of Lancaster industrial buildings totaling 21.1k sf fetched a combined $2 mil in separate transactions. The two buildings are part of Fox Field Business Park, a 14-building industrial business park inside the 8,000-acr...
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Adler Signs Three More Tenants at Agoura Hills Design Center 6/13/08 Three new tenants -- Westpoint Furniture Design Center, The Mattress Store, and The Power of Home -- inked lease agreements for space at Agoura Design Center, a 120k sf retail furniture complex in Agoura Hills that was recent...
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IDS Completes Pasadena Office Renovation 6/12/08 In an effort to address the demand for additional upscale office space along Pasadena’s South Lake Ave business corridor, IDS Real Estate Group recent wrapped up a $2.8 mil renovation and restoration of 80 South Lake Ave, an ...
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Trio of Sales at Pacific Gateway Business Center Bring in $39 Mil 6/11/08 LA-based Overton Moore Properties (OMP) recently collected $38.8 mil through the sale of three additional buildings at its Pacific Gateway Business Center in Seal Beach. The buildings, which have a combined 240.1k sf of space...
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Long Beach Office Building Fetches $9.6 Mil 6/09/08 City Centre Office, a 67k sf mixed-use building at 200 Pine Ave in the heart of downtown Long Beach, was acquired by Realm Group II LLC for $9.6 mil ($143/sf). The property, built in 1964, consists of 13.2k sf of retail space...
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Draftsmen & Craftsmen 6/06/08 Here’s news of an interesting West LA office project that was completed by Snyder Langston within a 12-month time-frame for Fox Studios to accommodate one of its tenants, Digital Media. The 34k sf building is located on the F...
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Thomas Properties Teams Up with UBS in Office Acquisition Partnership 6/05/08 LA-based Thomas Properties Group Inc has entered into an agreement with UBS Wealth Management - North American Property Fund Limited (“UBS”) in which UBS will allocate $250 mil to a joint venture program with Thomas Propertie...
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Wiseburn School District Acquires El Segundo Industrial Building 6/05/08 The Wiseburn School District, one of LA County’s few remaining small school districts, has acquired a 28.2k sf industrial building in the El Segundo Industrial Park, which it intends to convert into its new headquarters. The ...
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New RENTV Executive Report: South Bay Hot Transactions 6/03/08 If you're not yet a subscriber, why not join now? The cost is just $149/year for access to all of our special reports and news archives. Give us a call at 310/414-0404 and we'll get you set up.
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Rexford Closes $6 Mil Glendale Industrial Buy 6/03/08 A 57.9k sf industrial building in Glendale was purchased by SoCal-based Rexford Industrial LLC in a recent $6.15 mil ($106/sf) transaction. The property, situated on 1.35 acres at 700 Allen Ave, on the north side of I-5 betwe...
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Hotel Industry Sees Sale of the Century 6/02/08 The Century Plaza Hotel, a landmark hotel property on LA’s Westside, traded hands in a major transaction that valued the asset at just over $500k/room. The property was purchased by a venture of Next Century Associates, led b...
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