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• Nothing Psycho about New Bates Motel Planned for Ontario
9/07/06
The Bates Company, out of Monrovia, is planning a master-planned, mixed-use development on 40 acres in the city of Ontario that will include: a 10-story, 250k sf Class A office tower and three-story parking structure; a 250-p...
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• Redwood Spends $26 Mil on El Segundo Office Property
9/06/06
Redwood Partners purchased a 126k sf office building at 501 Continental Blvd, north of El Segundo Blvd and east of Sepulveda Blvd in the city of El Segundo, for $26.5 mil ($210/sf). The asset was sold by Alliance Commercial, ...
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• Office Condo Conversion Project being Marketed for Sale in Encinitas
9/06/06
NCBP Development is currently marketing units for sale at North Coast Business Park, an office condo conversion project geared to small business owners in Encinitas. Located just one quarter-mile east of I-5 on Encinitas Blvd...
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• Property Management Notes
9/06/06
Newport Beach-based WCB Properties recently awarded two SoCal property and construction management contracts to PM Realty Group. The properties, located in Anaheim and Corona, are part of a 6 msf, five-property portfolio acq...
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• Hat Trick of Mobile Home Park Sales Add Up to $15 Mil
9/05/06
A trio of SoCal mobile home park sales was brokered by Marcus & Millichap in deals ranging from $8.4 mil down to $1.6 mil. The three transactions were in Visalia, El Cajon and Apple Valley.
We'll start with the largest deal,...
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• Wyndham Orange County Hotel Transformation Nearly Complete
9/05/06
Less than five months after acquiring the Wyndham Orange County Hotel, Newport Beach-based Makar Properties, led by President and CEO Paul Makarechian, has nearly completed the transformation of the property into a stylish, m...
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• Hines Building to Ketchup With Demand in Irvine Business Complex
9/01/06
The structural steel framing is now complete at 2211 Michelson, the new Class A office tower located in the center of the Irvine Business Complex. At an official celebration marking the milestone event, tower contractor Snyde...
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• Corona Office Project to Break Ground in October
9/01/06
Newport Beach-based Werdin-Ewing Development will break ground in October on a new office project in Corona, named Corona Corporate Centre. The project, which will be built on 7.69 acres of vacant land that Werdin-Ewing rece...
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• NY Developer Picks Up Staples Center-Adj Site for Mixed-Use Project
8/31/06
The Moinian Group, out of New York, has acquired a 4.6-acre site across the street from Staples Center in downtown LA for development of a major mixed-use project slated to include residential units, retail and hotel space. I...
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• Steadfast and Amstar Break Ground on New Westlake Village Office Project
8/30/06
Steadfast Companies and the Amstar Group recently broke ground on Westlake Park Place, an eight-building, 461k sf Class A office project in the Thousand Oaks section of the Westlake Village Business District. The partners exp...
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• RREEF Spends $22 Mil on New Oceanside Development
8/30/06
RREEF has purchased the 226.2k sf first phase of La Pacifica, a 30-acre industrial project in Ocean Ranch Corporate Center in Oceanside. The three buildings that make up the first phase were sold by Cruzan/Monroe, the project...
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• Borrowers Take a Holliday
8/30/06
Holliday Fenoglio Fowler (HFF), the real estate investment banking firm with 18 offices across the US, has been particularly busy in Southern California. In this report we'll take a look at a trio of recent SoCal financings, ...
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• Koll Invests $12 Mil in Pair of Salt Lake City Properties
8/29/06
The Koll Company, out of Newport Beach, has expanded its commercial real estate portfolio into the Salt Lake City, Utah market with the purchase of two light industrial business parks for $12.5 mil. The properties, Redwood Bu...
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• SD Accounting Firm Inks Deal for 13k sf of Office Space Downtown
8/29/06
The accounting firm of Levitz, Zacks & Ciceric Inc signed a lease for 12.7k sf of office space at 7-1 B St, a 24-story, Class A office building totaling 566k sf, located in downtown San Diego. Levitz has been a tenant at the ...
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• Sun Valley Property to be Converted into Industrial Condos
8/28/06
A San Fernando Valley developer/investor has paid $13.76 mil for a 129k sf ($107/sf) multi-tenant industrial facility on 5.5 acres in Sun Valley, with plans to convert the property into industrial condominiums ranging in size...
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• Phase III High-Rise Breaks Ground at Opus Center in Irvine
8/28/06
Opus West Corp has broken ground on Opus Center Irvine III, a 314.1k sf, 13-story, Class A high-rise office building, to be located at Main St and MacArthur Blvd near the John Wayne Airport in the city of Irvine. This latest ...
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• Vacant Torrance Site to be Developed into Medical/Office/Retail Project
8/25/06
Rockefeller Group Development Corporation (RGDC) has acquired a strategically located 23-acre vacant site in Torrance, on which the company plans to build a multi-use medical and professional office project that will also inc...
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• Whittier Office Sale a Victory for New Owner
8/25/06
A 10k sf, two-story office building at 6726 Milton Ave, west of Greenleaf Ave and south of Broadway Ave in Whittier, was purchased by Victory Outreach for $1.58 mil ($158/sf). The property was sold by Desert Bloom Ministries ...
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• New Costa Mesa Condo Project Offers Ownership Alternative for Small Space Users
8/24/06
Sales are underway at Coppertree Business Park, an office condo project geared to small space users, situated along Kalmus Dr near the intersection of Redhill Ave in Costa Mesa. The lushly landscaped corporate campus consists...
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• CT Sees Interesting Opportunity in Otay Mesa
8/23/06
Newport Beach-based CT Realty Corporation recently acquired two multi-tenant industrial buildings in Otay Mesa for an interesting redevelopment project. The buildings, totaling 88k sf, are located at 10065 and 10145 Via De La...
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