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February 15, 2026
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SOUTHERN CALIFORNIA NEWS
Archive
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• La Jolla Mixed-Use Property Fetches $451/sf
5/12/06
China Times Inc purchased La Jolla Galleria, a 54.3k sf office and retail building located at 7777 Fay Ave, just south of Prospect St in La Jolla. It sold for $24.5 mil, or about $451/sf. The asset was sold by Marie Prescott...
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• 107-Acre Chunk of Kern County to Become Allen Town
5/11/06
The Allen Group has picked up 107 acres of commercial land in Kern County, situated adjacent to the entrance of Meadows Field Airport and seven miles from downtown Bakersfield, for development of a mixed-use project. The com...
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• Trend of Converting Industrial to Residential Presents Risks for LA Area
5/11/06
The rapid proliferation of converting industrial sites into residential uses in LA County is a trend that carries substantial risks for the local communities, according to Jack Kyser, Senior Vice President and Chief Economist...
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• Shidler Closes $66 Mil Phoenix Office Buy
5/10/06
The Shidler Group, based out of San Diego, recently closed on a large Arizona office buy, having paid $66.25 mil for the 31-story US Bank Center at 101 North First Ave in downtown Phoenix. The buy includes supporting parking ...
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• Phase I of Chino Ranch Business Park Sells Out
5/10/06
The final building in Phase I of Master Development Corporation's (MDC) Chino Ranch Business Park just closed escrow with total sales topping $18 mil. Upon full build-out, Chino Ranch Business Park will be a 33-building, mixe...
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• $125 Mil Space and Missile Systems Center is Ready for Take-Off
5/09/06
Construction of the $125 mil Space and Missile Systems Center (SAMS) at Los Angeles Air Force Base in El Segundo has been completed. Designed by the Los Angeles office of Nadel Architects, SAMS consists of two new buildings t...
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• Watt Me Worry? Century City Landlord Inks Trio of Deals for 75k sf
5/09/06
Three professional firms have inked leases for a combined 74.9k sf of space at Watt Plaza, a two-building high-rise complex located at 1875 and 1925 Century Park East in Century City. The leases, which are with Towers Perrin ...
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• Guthrie Reaches Crossroads in Anaheim
5/08/06
OC-based Guthrie Development Company has broken ground on Freeway Crossroads, a 22-building master-planned business park located on seven acres in Anaheim. Located near Kramer Blvd and La Palma Ave, the property has high-iden...
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• Greenlaw and Guggenheim Spend $15 Mil on Santa Fe Springs Asset
5/08/06
Greenlaw Partners and Guggenheim Real Estate have acquired a 182.6k sf property on John Street for $15.3 mil, marking the twelfth asset that the two firms have purchased together. The property, which is located at 9601-9603 J...
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• Financing Notes
5/05/06
Washington Real Estate Holdings LLC (Washington Holdings), a Seattle-based real estate investment firm, has formed Washington Holdings Structured Finance LLC (WHSF) with an initial equity capitalization of $250 mil. David Mi...
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• OC Developer Starts West Pointe
5/05/06
Newport Beach-based Jefferson Partners just broke ground on West Pointe Business Park, a Class A business park located at 27226 – 27268 Via Industria in Temecula. The project consists of 10 single- and two-story buildings ra...
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• Investors Pick Up Sorrento Mesa Office Property for $5 Mil
5/04/06
WaterGarden Business Centre, a 28.4k sf office property in Sorrento Mesa, was purchased by a private investment entity for $5.2 mil ($183/sf). The asset is located at 5755 Oberlin Dr, east of I-805 and a block south of Mira M...
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• Trizec Takes Ownership of 13 Former Arden Office Properties in SoCal
5/04/06
Trizec Properties Inc has completed its $1.63 bil acquisition of 13 SoCal office properties as part of the sale of Brentwood-based Arden Realty. The assets, which are concentrated in West LA and San Diego, total up to around ...
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• New Carlsbad Office Project is Very Real
5/03/06
Newport National Corporation has acquired 13.3 acres of land in Carlsbad for the development of a multi-tenant office project, called Ventana Real, which will be a three-building, Class A office complex totaling 223.5k sf. Th...
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• Lincoln Property Finalizing Commercial Land Buy in Playa Vista
5/03/06
It looks like we'll see new office space underway at Playa Vista before too long. A report in the Los Angeles Times last week says that Lincoln Property Company is close to finalizing the acquisition of 14 acres at the massiv...
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• Manning & Marder Inks $32 Mil Lease in Downtown LA
5/02/06
The law firm of Manning & Marder, Kass, Ellrod, Ramirez LLP, has agreed to a $32 mil lease for 80k sf of space at 801 Tower, the Class A office high-rise owned by Mani Brothers Real Estate Group. The stylish skyscraper contai...
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• New World is Old Hat for Equity at Santa Monica Campus
5/02/06
Activision Inc, the popular international entertainment software publisher, signed a renewal for 122.2k sf of corporate HQ space at 3100 Ocean Park Blvd, part of Equity Office's twelve-building Santa Monica Business Park, wes...
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• eHarmony Finds Its Space Match at IndyMac Bank Center
5/01/06
eHarmony, the popular online dating site, has signed a five-year lease for 47.4k sf of office space at IndyMac Bank Center in Pasadena. The six-story, 233.6k sf building is located at 888 East Walnut St, at the corner with La...
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• Pillsbury is Cruzan/Monroe's Latest Dough Boy with $12 Mil Signing at Paseo Del Mar
5/01/06
The law firm of Pillsbury Winthrop Shaw Pittman LLP has signed a 10-year lease for 25.5k sf of space at Paseo Del Mar, a new 240k sf, three-building office campus under construction on El Camino Real. The transaction, the sec...
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• Arden Stockholders Approve GE Capital Merger
4/28/06
Arden Realty's stockholders approved the $4.8 bil merger agreement to be acquired by GE Capital Corp, a transaction which consists of $3.2 bil in cash and $1.6 bil in assumed debt. Although a minimum two-thirds vote of Arden ...
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