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• Veralliance Completes New Carson Self-Storage Project
10/31/06
Construction has been completed on Avalon Self-Storage, a 137.7k sf facility located at 17106 Avalon Blvd in Carson. The facility, a development of Veralliance Properties, represents a substantial upgrade for the neighborhoo...
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• Panattoni Sells Out Lake Forest Development
10/31/06
Panattoni Development Company has sold out its Foothill Business Park, a 21-building, 155k sf mixed-use R&D/office park located in the Foothill Ranch area of Lake Forest, at the intersection of Rancho Pkwy and Bake Pkwy, adja...
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• RiverRock Picks Chino Spectrum Leasing Assignment
10/30/06
OC-based RiverRock Real Estate Group has been awarded the leasing assignment for Chino Spectrum, a 614k sf outdoor retail center located in Chino Hills. The center, owned by Sy Ventures, is located at 3808 Grand Ave in Chino....
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• 50% Interest in Newport Beach Office Property Sells for $35 Mil
10/30/06
An unnamed investor has purchased a 50 percent fee interest held in Commerce Plaza, a 269.2k sf office complex in Newport Beach for $35 mil ($260/sf). Commerce Plaza is situated on 16.9 acres and spans an entire block border...
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• DBN Gambles on San Clemente Casino Reuse Project
10/27/06
DBN Development LLC, a Laguna Hills-based owner/developer, has acquired San Clemente's historic Casino Building property, located at 140 Avenida Pico, off El Camino Real, by the coast. DBN has plans for rehabilitation and an ...
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• Pacific Sales Takes 304k sf in $12 Mil Whittier Lease
10/27/06
Pacific Sales Kitchen and Bath Centers, a subsidiary of Best Buy, agreed to a $12.6 mil lease for a newly built 304.7k sf facility in Whittier. The building is within Gateway Pointe Industrial Park and is located at 3931 Work...
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• Nestle to Remain in Glendale HQ Location another Five Years
10/27/06
In a major Tri-Cities office lease, Nestle USA agreed to a five-year lease extension at 800 North Brand Blvd, the 505k sf Class A tower that was known as the Carnation Building when it was built back in 1990. Nestle, which oc...
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• Merrill Lynch Bullish on Its Westwood Office Space
10/26/06
Financial services giant Merrill Lynch has agreed to a 10-year renewal for its 26.2k sf West LA office space at Center West office tower in Westwood. The primo 23-story high-rise, the tallest building in Westwood, is located ...
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• The Carpenters Have Only Just Begun to Use New $15 Mil Ontario Training Center
10/25/06
Here's the skinny on a new facility built by The Southwest Regional Council of Carpenters -- a $15 mil, 72.2k sf training center at 3250 East Shelby in Ontario. The center, designed by Architect Bruce Bailey of Gin Wong Asso...
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• Amstar and Kaliber to Develop 750k sf Riverside Business Park
10/25/06
Amstar Group, out of Denver, and OC-based Kaliber Group have formed a joint venture to develop 750k sf of office and warehouse/ distribution industrial space on 54.4 acres in Riverside County. The new venture hopes to break g...
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• Madison Partners Awarded Leasing Assignment for Howard Hughes Center
10/24/06
CarrAmerica has named Madison Partners' Principals Hunt Barnett, Rick Buckley and Chris Houge as the exclusive leasing agents for Howard Hughes Center, the 70-acre mixed-use office campus in Westchester that is considered to ...
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• Master Development Renovation Work Lights Up Electric Farm
10/24/06
MDC Las Palmas, a partnership consisting of Newport Beach-based Master Development Corporation (MDC) and Newport Beach-based Buchanan Street Partners, has acquired Las Palmas Business Park for $30 mil. The property, formerly ...
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• Foothill Follows in Arrofoot's Footprint at Sylmar Industrial Facility
10/23/06
Foothill Properties, a private investment entity out of Santa Clarita, has acquired a 30k sf multi-tenant industrial building in Sylmar for $3.9 mil ($130/sf). The contemporary, fully leased building, which sits on a one-acre...
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• Van's Steps into 104k sf Cypress Office Space
10/23/06
In one of the larger SoCal office leases to-date for 2006, VF Outdoor's Van's division agreed to a 10-year, $20 mil lease for 104.4k sf ($1.60/sf/mo) of Class A space in the city of Cypress. The building is located at 6550 Ka...
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• Continued Demand Bodes Well for San Diego Office Market
10/20/06
An improving economy and downtown redevelopment have stimulated demand for San Diego office properties, according to the latest research from Marcus & Millichap Real Estate Investment Brokerage Company. San Diego's office mar...
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• Koll Venture Picks Up Third Dallas-Area Office Property
10/20/06
Koll/PER just picked up its third office property in the Dallas area over the past four weeks, having paid $25.6 mil for Parkway Centre III, a six-story, 152.4k sf ($168/sf) building in the city of Plano. Koll/PER is a ventur...
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• SoCal Pro Moves
10/19/06
Scott Shea: Scott Shea has been hired by Phoenix Realty Group as Vice President, Project Acquisitions and Assistant General Counsel. Shea will be responsible for coordinating project acquisitions, assisting Asset Management a...
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• Inland Empire Cities Look to Create Vital Urban Centers
10/19/06
In San Bernardino County, a region historically known for its suburban lifestyle and big box industrial development, cities such as Chino Hills, Ontario, Rancho Cucamonga, Rialto and San Bernardino have taken the lead to crea...
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• KBS' Purchase of the Fountainhead Adds Classic Touch to TX Portfolio
10/18/06
Newport Beach-based KBS Realty Advisors has added to its Texas portfolio with the recent acquisition of Fountainhead One, a 174.1k sf Class A multi-tenant office building located at 8200 IH-10 West in San Antonio. The 10-stor...
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• Developer to Focus on New Palm Desert Condo Project
10/18/06
A joint venture of Irvine-based Focus Real Estate LP and HG Capital, out of Menlo Park, has broken ground on Monterey Shore Business Park, a 68.3k sf office/warehouse condominium project in the Inland Empire community of Palm...
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