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• The Nippon Express Pulls into another 150k sf at Pacific Gateway Center
8/18/06
Nippon Express (U.S.A.) Inc, a NY-based international logistics firm, has boosted its presence in Pacific Gateway Center in LA's South Bay, after signing a new five-year lease for 151.6k sf. Terms of the transaction were not ...
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• Hines and TIAA-CREF Set to Break Ground on New 340k sf Office Tower in SD's UTC
8/18/06
Hines and TIAA-CREF have teamed up in a venture to develop a 15-story, 340k sf high-rise landmark office building on a three-acre development site within San Diego's University Town Center submarket, which Hines acquired from...
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• Logistics Provider Takes 170k sf Chino Facility
8/17/06
Kenco Group Inc, one of the nation's largest third-party logistics providers, has leased a Class A 170.7k sf free-standing industrial building located at 14651 Yorba Ave, within the 1.8 msf master-planned Centerpointe Chino B...
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• Escondido School District Buys Building with Land for Development
8/17/06
The Escondido Unified School District recently spent $13.5 mil for a 64k sf building along with additional land at 2310 Aldergrove Ave, west of the I-15 and south of the 78 Fwy in Escondido. The single-story building sits on ...
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• Prudential Snags $170 Mil Portfolio from Overton Moore
8/16/06
Newark, NJ-based Prudential Insurance Company of America, one of the largest life insurance companies in the U.S, has acquired a 1.75 msf portfolio of industrial properties from Overton Moore Properties (OMP). The $170 mil ($...
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• Teledyne Takes 80k sf Poway Space
8/16/06
Teledyne RD Instruments has signed a 60-month, $4.65 mil for 80.9k sf ($0.96/sf/mo) of R&D space at Parkway Centre Five, located at 14020 Stowe Dr, north of Scripps Poway Pkwy in Poway. The company, a manufacturer of underwat...
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• LBA Sells Former General Dynamics Building in Placentia for $16.5 Mil
8/15/06
A private family trust based out of Placentia has purchased the General Dynamics Building, a 57.2k sf office building located at 180 N. Riverview Dr, south of the 91 Fwy and east of Weir Canyon Rd in Anaheim Hills. The transa...
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• Equity Inks 1.8 msf of SoCal Deals over First Half of 2006
8/15/06
It has been a strong first half of the year in SoCal for Equity Office Properties, the nation's largest office building owner. For the first six months, the company has enjoyed over 1.8 msf of leasing activity in its Southern...
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• Alliance Commercial Opens $25 Mil Account with WaMu
8/14/06
Alliance Commercial Partners LLC purchased two Washington Mutual office buildings in the San Fernando Valley community of Northridge, in a transaction valued at $25.4 mil. The buildings, located at 9301 and 9401 Corbin Ave, b...
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• New 132k sf Warehouse Discount Center Underway in Moorpark
8/14/06
Warehouse Discount Center (WDC), an independently owned home appliance and plumbing fixture retailer, has begun construction on a 132.5k sf corporate headquarters, distribution center and retail facility in the city of Moorpa...
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• Interested Tenants Better Run to Riverwalk
8/11/06
Space is going fast at Turner Riverwalk in Western Riverside, the 73-acre, 1 msf mixed-use business campus being developed by Turner Development. All 13 Phase III office condos sold within three months of completion and now 3...
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• Ricoh Leases 500k sf Bedrosian's Space in Tustin
8/10/06
In one of the largest industrial leases to be completed in Orange County in the past few years, Ricoh Development has signed a three-year lease expansion for 500.6k sf at 1123 Warner Avenue, just east of the 55 Fwy in Tustin....
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• Denver REIT Picks Up Downtown LA Office Property
8/10/06
Denver-based Alliance Commercial Partners, a privately held real estate operating and investment company, has acquired 617 W. 7th Street, a 210.4k sf office building located at the northeast corner of 7th St and Hope St in Do...
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• Legacy Spends $132 Mil on Westside Office Tower
8/09/06
Here's the scoop on a major office sale on the Westside, as Legacy Partners has purchased 6300 Wilshire Blvd, the 21-story, 371k sf building at the southwest corner of Crescent Heights and Wilshire Blvd. The high-rise was sol...
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• AMB Acquires Torrance Industrial Facility and Extends Tenant
8/09/06
AMB Property Corporation has purchased a 77k sf industrial facility situated on 3.1 acres of land at 20550 S. Denker Ave, south of Del Amo Blvd and east of Western Ave in the Harbor Gateway area, just outside of Torrance. The...
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• RREEF acquires Carlsbad Flex/R&D Building for $15.6 Mil
8/08/06
RREEF, the big pension fund advisor, has acquired Research Center Pointe, a 122.1k sf flex/R&D building at 2210 Faraday Ave, between College Blvd and El Camino Real in Carlsbad, for $15.6 mil ($128/sf). It was sold by Newport...
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• MICE Holes Up in Irvine Space for another 10 Years
8/07/06
MICE DisplayWorks, a designer and builder of high-end trade show exhibits, renewed its lease for its 205k sf HQ space in Irvine. The 10-year deal, for distribution and warehouse facilities as well as office space, is valued a...
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• Koll Acquires Second Vegas Light Industrial Park
8/07/06
The Koll Company has expanded its property holdings in Las Vegas with the acquisition of East Sahara Commerce Center, a two-building, 72.5k sf industrial incubator property located at 4405-4425 East Sahara Ave, roughly one mi...
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• Pro Moves
8/04/06
Mike Escalante: Michael Escalante has joined Griffin Capital as Chief Investment Officer. In this role, Escalante is responsible for overseeing all acquisition and disposition activities in North America for Griffin, one of ...
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• Sylmar Land Parcel Trades for $56/sf
8/03/06
A private investor paid $3.7 mil, or about $56/sf, for a 66k sf land parcel in the San Fernando Valley community of Sylmar, in a transaction reported to set a new benchmark for an industrial land sale in the region. The parce...
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