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• Broadreach Closes $100 Mil West Hollywood Purchase
12/20/06
Broadreach Capital Partners has acquired the Sunset Millennium office and retail complex on Sunset Blvd in West Hollywood from Apollo Real Estate Advisors LP in a deal valued at just over $100 mil. The centerpiece of the Suns...
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• New San Jacinto Project to Offer Industrial Spaces for Smaller Users
12/19/06
DBN Development LLC has announced plans to develop an 80k sf industrial project geared to small business owners and entrepreneurs in the Inland Empire city of San Jacinto. The project will provide individual units starting at...
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• Five Buildings Sells at Vista Industrial Park
12/19/06
Burke Sycamore Partners has sold five industrial buildings within the second phase of its Burke Sycamore Business Center in Vista, in separate transactions valued at more than $7.1 mil. This brings the total building sales a...
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• SoCal Pro Moves
12/18/06
Troop Real Estate, the regional real estate brokerage firm based out of Ventura, has made some significant expansion and re-configuration changes to its commercial real estate division, in an effort to better serve its client...
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• OC Firm Closes $28 Mil New England Buy
12/18/06
Newport Beach-based KBS Real Estate Investment Trust (KBS REIT) has acquired 825 University Ave, a 166.6k sf Class A office/R&D building in Norwood, MA for $28.8 mil ($173/sf). The purchase marks the fifth asset for KBS REIT,...
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• Property Management Notes
12/15/06
PM Realty Group (PMRG) has been awarded three SoCal property and construction management assignments by Newport Beach-based WCB Properties. Totaling 371.6k sf, the office and retail properties are located in Chatsworth, Tust...
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• Asset Management Consultants Picks Up Pair of Kearny Mesa Office Buildings
12/15/06
Asset Management Consultants has acquired two office buildings totaling 137.3k sf at 8825 and 8875 Aero Dr, within Aero Business Center in San Diego's Kearny Mesa area. The buildings, situated east of the confluence of the 16...
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• Mechanix Wear to Wear New Valencia HQ
12/14/06
Sheridan Ebbert Real Estate Development of Sylmar is currently under construction on a new $11 mil HQ facility for Mechanix Wear, the high-performance glove marketer prominent on the NASCAR circuit, in Valencia. The building,...
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• Watson to Milk 1.5 msf Out of 83-Acre Former Dairy Site
12/14/06
Watson Land Company has acquired 83 acres in Chino for the development of a master-planned industrial park, the firm's second major project in Chino. The company intends to develop up to 1.5 msf of small to mid-size building...
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• Valencia Putting Green Buy is Par for the Course
12/13/06
There were a couple of notable land deals to report from around the northern and western edges of the San Fernando Valley, in Valencia and Simi Valley. We'll start in Valencia, where the Greens, a 163k sf putting green proper...
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• SoCal Pro Moves
12/13/06
Joseph Vargas has been named Executive Managing Director, Area Manager for Southern California at Cushman & Wakefield. Vargas, who was previously a Senior Managing Director based in the firm's Orange County office, has manag...
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• Eureka! BH Properties Uncovers $14 Mil Value-Add Buy in El Paso
12/12/06
LA-based BH Properties LLC, a privately held, national commercial real estate investment firm specializing in value-added opportunities, has acquired the Eureka Building, a 655k sf warehouse/distribution center on 36.5 acres ...
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• CarrAmerica Acquires La Jolla Building from Pfizer for $15.6 Mil
12/12/06
It's time to catch up with some recent sales comps from around San Diego County. The transactions, which range in value between $3 mil and $15.6 mil, are from La Jolla, Bonita, National City, San Diego's University area, Vist...
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• SoCal Pro Moves
12/11/06
David A. Frosh: David A. Frosh has resigned from his position as President at Sperry Van Ness. Frosh, 48, has served as the company's President since April 2001 when he joined Sperry Van Ness. He will remain with the company ...
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• LA Mirada Warehouse Facility Trades for $13 Mil
12/11/06
VT Industries, a leading manufacturer of fine laminate countertops, has acquired a 137.7k sf warehouse facility in La Mirada for $13 mil ($94/sf). The building, which was sold by Bristol Industrial, is located at 16222 Phoebe...
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• Investor Goes for the Wilderness Lifestyle in Santa Ana
12/08/06
In this report, we'll take a look at a number of recent sale transactions from around Orange County over the past month or so. The transactions range from $32 mil down to about $2 mil.
We'll start with a sizable sale in Tust...
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• Co-Op Finds 75k sf Haven at New Inland Empire Development
12/08/06
Co-Op Financial Services has inked an eight-year, $17.28 mil lease for a new 75k sf ($2.40/sf/mo) building at HavenPark, a master-planned mixed-use development currently under construction in the Ontario/Rancho Cucamonga area...
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• Rexford Industrial Acquires 79k sf National City Project
12/07/06
Rexford Industrial purchased a 78.9k sf industrial park situated on a 3.23 acre parcel at 131 West 33rd St in National City. The property was sold by Voit Development Company, which acquired and redeveloped the property in 20...
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• TDC Acquires 566k sf Distribution Property in Memphis
12/07/06
Torrance-based Transpacific Development Company (TDC) has closed on a major acquisition in Memphis with the purchase of a two-building, 566k sf distribution center near the Memphis International Airport. The fully leased buil...
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• New Pomona Industrial Development Underway
12/07/06
Long Beach-based Seventh Street Development recently broke ground on a new 12-building industrial business park in Pomona that will contain a total of 292.3k sf of space. The buildings are part of the new Mission-71 Business ...
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