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• Legacy Makes $95 Mil Office Buy in Downtown San Diego
7/20/06
Legacy Partners, the Foster City-based real estate advisor, has purchased 600 B Street, a 338.9k sf office tower located in Downtown San Diego. The property, which was sold by Santa Ana-based Triple Net Properties, traded for...
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• CT Ventures into AZ with $8.5 Mil Office/Retail Buy
7/20/06
Newport Beach-based CT Realty Corp just closed its first office and retail property acquisition outside of California with the purchase of the Firerock Office Center and Retail Shops in Fountain Hills, AZ. The company purcha...
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• Hillwood Adding 540k sf Expansion to AllianceCalifornia Facility
7/20/06
Hillwood has begun construction on a 540.5k sf expansion of the Westgate 1 building in the company's AllianceCalifornia development in San Bernardino. Once completed, Westgate 1 will be one of the largest buildings in the dev...
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• Koll Venture to Acquire 1.74 msf AmeriVest Portfolio
7/20/06
Newport Beach-based The Koll Company has teamed up with the Public Employee Retirement System of Idaho (PERSI) in a venture to acquire a major portfolio of 12 office properties totaling approximately 1.74 msf from AmeriVest P...
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• Cruzan/Monroe Produces Mixed-Use Condo Project Across from PETCO Park
7/19/06
TR Produce, a mixed-use office and retail redevelopment project located directly across from centerfield at PETCO Park, is now complete. The project, a development of Cruzan/Monroe, consists of downtown San Diego's first hist...
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• Anaheim Industrial Facility Trades for $28 Mil
7/19/06
A 281.5k sf, NNN-leased industrial facility in Anaheim traded hands at a price of $28.5 mil, or about $101/sf. The building is at 4633 E. La Palma Ave, east of Lakeview Ave and north of the 91 Fwy. The transaction was brokere...
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• AIG Teams Up with Ratkovich in New Ownership of The Alhambra
7/18/06
The Ratkovich Company (TRC) has partnered with an affiliate of American International Group (AIG) to create a new ownership entity for The Alhambra, the 45-acre, 1 msf mixed-use campus in the San Gabriel Valley. The property ...
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• Cisterra to Create Gateway at Torrey Hills
7/18/06
Cisterra Partners is about to being construction on Gateway at Torrey Hills, a 200k sf Class A office project on 7.7 acres at the northwest corner of Carmel Mountain Rd and I-5 in Torrey Hills. Cisterra acquired the site from...
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• New Projects Get Underway in SD County
7/17/06
Construction is underway at Chula Vista Commerce Center, a six-building, 183k sf industrial park located at 3513-3523 Main St in Chula Vista. The project, being built by Voit Development Company, is well situated in close pro...
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• McCarthy Cook-ing in Phoenix with $105 Mil Purchase
7/17/06
SoCal-based McCarthy Cook & Co has acquired Viad Center, a 24-story, 480k sf office landmark located at 1850 North Central Ave in Phoenix, AZ. The Class A office tower was acquired in a partnership with a fund advised by JPMo...
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• Koll Company Collects Calabasas Courtyard
7/14/06
The Koll Company has purchased Calabasas Courtyard, a three-building, 117.5k sf office property in Calabasas, for $26.5 mil ($225/sf). It was sold by SCI Properties, the LA-based T-I-C investment firm which was repped in the ...
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• Pro Moves
7/14/06
Thomas C. Copeman: Thomas C. Copeman has been appointed Chief Operating Officer at Johnson Capital, where he has worked since August 2005. Along with managing corporate operations for Johnson Capital, Copeman will continue to...
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• Kojima Inks Deal for 104k sf Otay Mesa Build-to-Suit Facility
7/13/06
Kojima America Corporation, a manufacturer of precision components for plasma TVs, has inked a five-year lease for 104.2k sf of office and warehouse manufacturing space at 8917 Kerns St in Otay Mesa, within Murphy Development...
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• New Tustin Office Condo Project Underway
7/13/06
Newport Beach-based Werdin Corporation and Saunders Properties have joined forces in a new OC office condo project called Pacific Office Plaza. The 66.5k sf development will consist of two, two-story, Class A style office bui...
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• SD Firm Looking to Build First LEED-Certified Building in Tempe
7/13/06
San Diego-based Chesnut Properties is planning for an October 2006 groundbreaking on Papago Gateway Center, a 223k sf mixed-use corporate facility that will include the City of Tempe's first speculative laboratory space as we...
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• Guthrie Acquires Brea Site for New Development
7/12/06
Costa Mesa-based Guthrie Development Company has acquired a 60k sf industrial property in the city of Brea, which it plans to demolish and redevelop into an eight-building, office/industrial development totaling 132.6k sf, to...
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• Baker's Dozen of Lease Comps from San Diego
7/12/06
In this latest San Diego lease review, we'll update you on a number of recent deals throughout the county, starting in the Sabre Springs area, where Bridgepoint Education subleased 47.8k sf of office space – two full floors –...
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• Abbey Spends $60 Mil to Pick Up Pair of Brea Business Parks
7/12/06
The Abbey Company has acquired two Brea business parks, boosting the company's total inventory in Orange County by an additional 288k sf. Local pros suggest the deal was worth around $60 mil, or a little over $200/sf.
The la...
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• Developers Grab Inland Empire Sites for New Industrial and Office Projects
7/11/06
A 19.14-acre land site at the Northwest corner of Milliken Ave and the 60 Fwy in Ontario was acquired by Atlanta-based Oakmont Industrial Group for $6.5 mil ($7.80/sf). Oakmont plans to develop the currently vacant site into ...
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• Master Goes Upland for $12 Mil Industrial Buy
7/11/06
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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