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• TDC Acquires 566k sf Distribution Property in Memphis
12/07/06
Torrance-based Transpacific Development Company (TDC) has closed on a major acquisition in Memphis with the purchase of a two-building, 566k sf distribution center near the Memphis International Airport. The fully leased buil...
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• New Pomona Industrial Development Underway
12/07/06
Long Beach-based Seventh Street Development recently broke ground on a new 12-building industrial business park in Pomona that will contain a total of 292.3k sf of space. The buildings are part of the new Mission-71 Business ...
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• Genesis/DECOMA Venture to Give South Pasadena a Square Deal
12/06/06
Torrance-based DECOMA Developers will develop a new 310k sf mixed-use development in south Pasadena in a partnership with the Genesis Real Estate Fund II. The fund, managed by Shamrock Capital Advisors, is providing $8.8 mil ...
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• Printing Technologies Buys and Sells in Chatsworth
12/06/06
The principals of Printing Technologies Inc have acquired a 79.4k sf industrial facility on 5.2 acres of land in Chatsworth for expansion of their headquarters and production facilities. The company also just sold their exist...
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• SoCal Office and Industrial Markets Poised for Growth
12/05/06
Close to 200 people met today on the campus of USC to hear a panel of experts offer a review of SoCal's office and industrial markets for the current year, which is coming to a close, along with some valuable insight into wha...
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• Koll/PER Spends $68.7 Mil on Trio of Properties from AmeriVest
12/05/06
Koll/PER, a limited liability company owned by Newport Beach-based The Koll Company and the Public Employee Retirement System of Idaho (PERSI), has completed the acquisition of three more properties, totaling 485.2k sf, from ...
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• SoCal Pro Moves
12/05/06
Rick Geatty: Rick Geatty has joined the Temecula office of Burnham Real Estate Services as a Vice President. Geatty's hire follows the company's recent expansion into the Inland Empire through a merger with CDM Group Inc, mak...
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• Brokers Become Guidance Counselors in Pasadena Office Deal
12/04/06
Guidance Software, a company that claims to be the world leader in digital investigations, has agreed to a five-year, $5 mil lease for 31k sf ($2.69/sf/mo) of Class A office space in Pasadena. The transaction, which includes ...
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• Master Development and GE Form $50 Mil Equity Venture
12/01/06
Newport Beach-based Master Development Corporation (MDC) and GE Asset Management (GEAM), the manager for General Electric Company's primary U.S. pension plan, have teamed up in a $50 mil equity joint venture to acquire and de...
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• OC Firm Closes $37 Mil Indianapolis Office Buy
12/01/06
In more news of SoCal firms buying elsewhere in the US, San Clemente-based Argus Realty Investors recently closed on its first purchase in the Midwest, acquiring Meridian Plaza, a three-building Class A office complex in the ...
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• IE News: Payless Hopes to Pay Less in 414k sf Redlands Deal
11/30/06
Payless Shoe Source, the national shoe retailer, agreed to a 15-year lease for 414.4k sf of distribution space in Redlands at a newly constructed 585k sf cross-dock facility located at the southwest corner of Palmetto Ave and...
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• CT Picks Up San Clemente Office Building
11/29/06
CT Realty Corp has purchased a 43.4k sf, Class A office building in San Clemente's Talega Business Park for $11 mil ($253/sf). The building, located at 1211 Puerta Del Sol, east of Avenida La Pata, was acquired from HG-Burke...
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• Construction Tops Out at New Del Mar Heights Office Project
11/29/06
Construction has topped out at Gateway at Torrey Hills, a two-building, 200k sf office project being developed by Cisterra Partners north of San Diego in the Del Mar Heights area. The project is scheduled to open in the fall...
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• LA Firm Closes $12.5 Mil Utah Office Buy
11/28/06
BH Properties LLC, a privately held real estate investment firm based out of Los Angeles, has closed on a pair of out-of-state office buys, in Utah and Virginia. In the larger of the transactions, the company paid $12.5 mil f...
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• Cornerstone of West LA Market Trades for $66 Mil
11/28/06
Cornerstone Plaza, a stylish eight-story, 165k sf Class A office building located at 1990 S. Bundy Dr in West Los Angeles, at the corner of Bundy and La Grange Ave, was acquired by South Bundy Office Company LLC for $66 mil (...
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• New Office Project Slated for Riverside
11/27/06
PRP Development is planning to break ground in early 2007 on Madison Plaza, a new Class A mixed-use office plaza at the northwest corner of Madison Ave and the 91 Fwy in the city of Riverside. The development will consist of ...
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• Clark & Trevithick Signs $8 Mil Deal at 800 Wilshire
11/27/06
The law firm of Clark & Trevithick has agreed to a 12-year, $8 mil expansion/renewal lease for a total of 20k sf at 800 Wilshire. The deal represents an addition of roughly 2k sf for the firm, which has been in the building s...
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• Hines Acquires 260k sf Irvine Office/Warehouse Property
11/27/06
Texas-based Hines, in a joint venture with Buchanan Street Partners, has purchased a 260k sf office and warehouse property at 2323 Main St, at the corner of Main and Von Karman Ave in Irvine. This deal marks the third recent ...
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• LA Public Pension Funds Commit $65 Mil to New Genesis Workforce Housing Fund
11/22/06
Following the recent defeat of Measure H, Mayor Antonio Villaraigosa announced an innovative public-private commitment to create housing developments for middle-income families across the greater Los Angeles area. Investmen...
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• Hawthorne Deal a Microcosm of South Bay Activity
11/22/06
Microcosm Inc, a company that specializes in space mission engineering and development of related technologies, inked a seven-year, $2 mil lease for a 31.3k sf ($0.76/sf/mo) industrial building at 4940 W. 147th St, between th...
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