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• Corona Office Project to Break Ground in October
9/01/06
Newport Beach-based Werdin-Ewing Development will break ground in October on a new office project in Corona, named Corona Corporate Centre. The project, which will be built on 7.69 acres of vacant land that Werdin-Ewing rece...
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• NY Developer Picks Up Staples Center-Adj Site for Mixed-Use Project
8/31/06
The Moinian Group, out of New York, has acquired a 4.6-acre site across the street from Staples Center in downtown LA for development of a major mixed-use project slated to include residential units, retail and hotel space. I...
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• Steadfast and Amstar Break Ground on New Westlake Village Office Project
8/30/06
Steadfast Companies and the Amstar Group recently broke ground on Westlake Park Place, an eight-building, 461k sf Class A office project in the Thousand Oaks section of the Westlake Village Business District. The partners exp...
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• RREEF Spends $22 Mil on New Oceanside Development
8/30/06
RREEF has purchased the 226.2k sf first phase of La Pacifica, a 30-acre industrial project in Ocean Ranch Corporate Center in Oceanside. The three buildings that make up the first phase were sold by Cruzan/Monroe, the project...
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• Borrowers Take a Holliday
8/30/06
Holliday Fenoglio Fowler (HFF), the real estate investment banking firm with 18 offices across the US, has been particularly busy in Southern California. In this report we'll take a look at a trio of recent SoCal financings, ...
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• Koll Invests $12 Mil in Pair of Salt Lake City Properties
8/29/06
The Koll Company, out of Newport Beach, has expanded its commercial real estate portfolio into the Salt Lake City, Utah market with the purchase of two light industrial business parks for $12.5 mil. The properties, Redwood Bu...
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• SD Accounting Firm Inks Deal for 13k sf of Office Space Downtown
8/29/06
The accounting firm of Levitz, Zacks & Ciceric Inc signed a lease for 12.7k sf of office space at 7-1 B St, a 24-story, Class A office building totaling 566k sf, located in downtown San Diego. Levitz has been a tenant at the ...
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• Sun Valley Property to be Converted into Industrial Condos
8/28/06
A San Fernando Valley developer/investor has paid $13.76 mil for a 129k sf ($107/sf) multi-tenant industrial facility on 5.5 acres in Sun Valley, with plans to convert the property into industrial condominiums ranging in size...
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• Phase III High-Rise Breaks Ground at Opus Center in Irvine
8/28/06
Opus West Corp has broken ground on Opus Center Irvine III, a 314.1k sf, 13-story, Class A high-rise office building, to be located at Main St and MacArthur Blvd near the John Wayne Airport in the city of Irvine. This latest ...
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• Vacant Torrance Site to be Developed into Medical/Office/Retail Project
8/25/06
Rockefeller Group Development Corporation (RGDC) has acquired a strategically located 23-acre vacant site in Torrance, on which the company plans to build a multi-use medical and professional office project that will also inc...
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• Whittier Office Sale a Victory for New Owner
8/25/06
A 10k sf, two-story office building at 6726 Milton Ave, west of Greenleaf Ave and south of Broadway Ave in Whittier, was purchased by Victory Outreach for $1.58 mil ($158/sf). The property was sold by Desert Bloom Ministries ...
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• New Costa Mesa Condo Project Offers Ownership Alternative for Small Space Users
8/24/06
Sales are underway at Coppertree Business Park, an office condo project geared to small space users, situated along Kalmus Dr near the intersection of Redhill Ave in Costa Mesa. The lushly landscaped corporate campus consists...
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• CT Sees Interesting Opportunity in Otay Mesa
8/23/06
Newport Beach-based CT Realty Corporation recently acquired two multi-tenant industrial buildings in Otay Mesa for an interesting redevelopment project. The buildings, totaling 88k sf, are located at 10065 and 10145 Via De La...
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• Property Management Notes
8/23/06
G.H. Palmer Associates has awarded the management contract for a 12-community, 5,473 unit apartment portfolio to Western National Property Management, the multifamily real estate management arm of Western National Group. This...
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• Victorville to get Twin Tower Office Project
8/22/06
A development entity of Modaro LLC is set to build a pair of eight-story, Class A office buildings in Victorville, which, once completed, will be the tallest buildings in this Inland Empire city. Located on the northwest corn...
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• IDS to Turn Redlands into Industrial Lands
8/22/06
IDS Real Estate Group has acquired a 21.4-acre site at Park Ave and Iowa St, about one-half mile south of the I-10 in the city of Redlands, with plans for a diverse industrial project. The project, which will be called Park A...
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• Gasket Manufacturer Fills Out Phase One at Lancaster Project
8/22/06
Phase I of Fox Field Business Park, a five-building industrial portfolio encompassing 60.4k sf of small, for-sale industrial space in Lancaster, has sold out. In the latest transaction, SCE Gaskets, a Lancaster-based manufact...
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• Bixby Spends $18 Mil on Ontario Biz Center
8/21/06
Bixby Land Company has acquired Archibald Business Center, an 18-acre business campus located at 2021 South Archibald in Ontario, for $18 mil. The property includes a renovated, 231.4k sf warehouse/distribution building and ...
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• Owner/Users Venture into Chula Vista Condo Park
8/21/06
Buyers have snapped up a dozen units at Venture Commerce Center Eastlake, a new business park near the future SR-125 toll road geared to small businesses. The 12 sold units, which total 28.6k sf of space, sold for a combined ...
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• SARES●REGIS Wheeling and Dealing at Sierra Business Park
8/18/06
SARES●REGIS Group has completed three major transactions – the acquisition of two warehouse and distribution buildings, the sale of one building and the lease of another – in the 200-acre Sierra Business Park in Fontana...
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