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• Financing Notes
7/06/06
Wrightwood Capital: Wrightwood Capital has provided $20.8 mil in financing for the construction of Guthrie Lambert Business Center, a 130.8k sf for-sale office/industrial project in Brea. Upon completion, the project will con...
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• Master Goes Upland for $12 Mil Industrial Buy
7/06/06
Upland Tech LLC, a joint venture between Master Development Corporation (MDC) and AETNA, has acquired Upland Technology Center, a four-building industrial project totaling 181.4k sf. The property, which sits on 9.5 acres of l...
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• Two SoCal Office Properties Win Top Honors
7/05/06
A pair of Southern California office buildings walked away (okay, they didn't really walk anywhere) with Office Building of the Year (TOBY) Awards in their respective categories at the Building Owners and Managers Association...
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• Latest Fox News
7/05/06
Larwin Investment Company has just closed the first two sales at Fox Field Business Park, a new 200k sf industrial project in Lancaster. The sales were for a combined 22.6k sf of space and totaled $2.4 mil ($106/sf). Dennis M...
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• OliverMcMillan to Develop 1 msf Mixed-Use Campus on Historic Guasti Land Site
6/30/06
OliverMcMillan is set to move forward with a mixed-use project at the 40-acre historic Guasti land site in Ontario, which the company recently acquired for $35 mil. The planned development is slated to contain more than 1 msf...
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• Transportation and Warehousing Firms Lease South Bay Industrial Space
6/30/06
Seibu Transportation Co Ltd USA has leased a 27k sf state-of-the-art air freight and logistics facility at AMB Property Corporation's LAX Logistics Center. Seibu agreed to a six-year, $2.1 mil ($1.08/sf/mo) deal for the build...
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• Pro Moves: George Smith Partners Restructures Management
6/29/06
George Smith Partners Inc, the well-respected national commercial mortgage brokerage firm based out of Los Angeles, has restructured its management to support demands created by continued growth, and leadership initiatives to...
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• Shidler Venture Unloads Two Texas Office Properties
6/29/06
The Shidler Group, out of San Diego, has sold two of its Texas office properties that they owned in a partnership with Angelo, Gordon & Co. The properties, which sold for a total of $28 mil ($87/sf), were purchased by Walton ...
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• Motorhomes Plan 10-Year Stay in Kearny Mesa
6/28/06
C&D Motorhomes, a SoCal-based luxury motorhome dealership, has leased a 30.6k sf industrial building at 3939 Ruffin Rd, south of Balboa Ave and west of I-15 in Kearny Mesa. The 10-year deal has a total value of $4.2 mil ($1.1...
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• Burbank Industrial Park Sells Out
6/28/06
Burbank Airport Commerce Center, a recently completed, 480k sf industrial/R&D business park located at 7575 San Fernando Rd in the eastern San Fernando Valley, adjacent to the Bob Hope/Burbank Airport, has sold out. Developed...
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• OC Sales Review Includes $21 Mil Garden Grove Industrial Deal
6/27/06
Looking for more OC sales comps? Here's a quick look at five recent deals from around the county, three of which are for industrial facilities while the others are for office and mixed-use properties.
We'll lead off with the...
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• WCB Picks Up 600k sf SoCal Portfolio from Prologis
6/26/06
WCB Properties has purchased a five-property portfolio of SoCal office, retail and R&D properties from Prologis, the big Denver-based industrial REIT. The properties, which total nearly 600k sf, were acquired through Prologis...
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• Investors Close $13 Mil Office Buy in Woodland Hills
6/26/06
A 65.8k sf office building in Woodland Hills was acquired by a private investment entity for $13 mil ($198/sf). The property, known as the Woodcourt Office Building, sits on 3.2 acres at 20251-20301 Ventura Blvd, between Winn...
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• TA Associates Spends $5.8 Mil on a Four-Sher Deal in Otay Mesa
6/26/06
TA Associates has purchased Otay Crossings Business Park, a two-building, 64.7k sf industrial park located at 2340 Enrico Fermi Dr and 10025 Siempre Viva Rd, a short distance north of the US/Mexico border. The asset, which tr...
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• Pro Moves
6/23/06
Jonathan Gross: Jonathan Gross has been named Managing Shareholder at Gilchrist & Rutter. Gross will succeed Paul S. Rutter, who will become Executive Vice President for Major Transactions with Maguire Properties Inc, a long-...
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• Enterprise to Put Beams Up at $13 Mil Irvine Site
6/22/06
In Placentia, Western Mill Fabricators Inc, a company specializing in the construction, fabrication and installation of restaurant furniture and fixtures, purchased a 22.5k sf industrial building at 615 Fee Ana St, which will...
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• Birtcher to Develop New 426k sf Industrial Center in Riverside
6/22/06
Birtcher Development & Investments has acquired approximately 90.5 acres of raw land in Riverside for $9.6 mil. Located at the intersection of Mt. Vernon and Palmyra Avenues, Birtcher plans to develop a 426k sf, four-buildin...
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• Helf Investments Makes $31 Mil Sorrento Valley Office/R&D Property Buy
6/21/06
Helf Investments purchased Pacific Sorrento Technology Park, a three-building, 110.5k sf office/R&D park located at 10110-10150 Sorrento Valley Rd, just west of the intersection of Mira Mesa Blvd and I-805 in Sorrento Valley....
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• Financing Notes
6/21/06
LA-based Sonnenblick-Eichner Company has arranged $236 mil in construction financing for the Viceroy Anguilla Resort and Residences located on the Caribbean island of Anguilla in the British West Indies. The financing was ob...
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• SD Land Parcel Sells for $216/sf
6/21/06
A 57.3k sf land parcel in downtown San Diego fetched a price of $12.4 mil, or about $216/sf. The site is located at 701 16th St and 710 17th St, on a block bound by 16th, 17th, F and G Sts, south of San Diego City College on ...
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