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• May 31, 2006 - Kuehne & Nagel Make the Logistical Choice for 494k sf Space in Rialto
5/31/06
Kuehne & Nagel Logistics has inked a lease for 493.9k sf of industrial space in the city of Rialto. The integrated logistics provider company, which is relocating one of its two Inland Empire facilities, agreed to a five-year...
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• MDC's Ontario Industrial Park Off to a Fresh Start
5/30/06
Fresh Start Bakeries has signed a 20-year lease for 180k sf of space at Phase I of Thoroughbred Business Park, a 2 msf industrial park being developed by Master Development Corporation (MDC) in Ontario. The lease, for a build...
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• Fountain Valley Medical Building Sells for $7.3 Mil
5/30/06
Warner Village Medical, a 33.1k sf medical office building in Fountain Valley, was acquired by Warner International Network LLC for $7.3 mil ($221/sf). The asset, which is located at 10900 Warner Ave, near Euclid St, was sold...
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• SYSCO Kid to Get 177k sf Build-to-Suit in City of Industry
5/30/06
Voit Development Company will develop a 177.1k sf office and distribution center in the City of Industry for FreshPoint of Southern California, a wholly owned subsidiary of SYSCO Corporation (NYSE: SYY). FreshPoint is the la...
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• Irvine Office Buy is Musick to Seller's Ears
5/26/06
Looking for sales comps from Orange County? In this report we'll take a quick look at a handful of recent transactions from around the region, with four industrial sales and two office deals.
We'll start in Irvine, where a ...
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• Freeman Associates Latest to Sign at Paseo Del Mar
5/26/06
Freeman Associates Investment Management LLC, an investment management services firm, has signed a six-year, $3.5 mil lease for 10.8k sf ($4.50/sf/mo) at Paseo Del Mar, the new 240k sf three-building Class A office campus now...
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• LAPCO Signs Epic Deal in Santa Ana
5/25/06
Crevier Classic Cars LLC has signed a 7.5-year, $2.1 mil lease on a 29k sf ($0.88/sf/mo) facility located at 365 B Clinton Ave, adjacent to John Wayne Airport in Costa Mesa. The facility, which is equipped to store more than ...
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• Glenborough Closes $30 Mil Office Buy in Universal City
5/25/06
Glenborough Realty Trust, the NoCal-based office REIT, has acquired a 103.8k sf office building in Universal City, at the southeastern edge of the San Fernando Valley. The building is on a 1.73-acre lot at 3330 Cahuenga Blvd,...
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• Transamerica Investment Inks Expansion/Renewal at Westwood Gateway
5/25/06
Transamerica Investment Management LLC has inked a five-year expansion/renewal lease for a total of 22.3k sf of office space at Westwood Gateway I in West LA. The transaction enables the LA-based firm, which specializes in gr...
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• Financing Notes
5/24/06
NorthMarq Capital Inc, the national real estate investment banker based out of Minneapolis, has been busy here in the Southland, thanks in part to Ory Schwartz, a Senior Director out of the company's Newport Beach office. Her...
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• Small Businesses Roll the Dice on Park Place
5/24/06
Park Place North, a new 39k sf Class A office condo project still under construction at 950 Boardwalk St in the business district area of San Marcos, has sold out. The 18 units, which range in size between 1.3k sf and 3k sf, ...
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• Opus Speeding Along at Carlsbad Raceway
5/23/06
Opus West Corp has broken ground on the first phase of its 43-acre development at the Carlsbad Raceway Business Park known as Opus Point. Phase I will contain roughly 328k sf of office and R&D space with completion scheduled ...
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• Herbalife Fills 39k sf Tenant Prescription at Pacific Gateway II
5/22/06
In a sizable South Bay office lease, Herbalife International of America Inc, the well-known multi-level health and diet supplements firm, inked a 10-year deal for 39k sf of space at Pacific Gateway II, located at 19191 S. Ver...
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• Spate of Sales Brings Sorrento Mesa Office Condo Project to 83% Sold
5/19/06
Oberlin Park II, a 25.2k sf office condominium project in Sorrento Mesa, is now 83 percent sold with the recent completion of six sales transactions totaling $3.84 mil. Located at 5850 Oberlin Dr, east of I-805 and a block so...
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• Guthrie Gets Off the Freeway
5/19/06
A private investor has purchased Tustin Freeway Commerce Center, a three-building, 184k sf multi-tenant industrial park located at 620-694B St and 320-432 6th St in Tustin, near the confluence of the 5 and 55 freeways. The pr...
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• Strategic Hotels Puttin' on the Ritz in the OC
5/18/06
One of the most luxurious resorts in Orange County is about to trade hands, at a price near $840k per room. According to reports in the LA Times and other news sources, Chicago-based Strategic Hotels & Resorts has agreed to p...
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• CT to Redevelop Otay Mesa Buildings into Industrial Condos
5/18/06
Newport Beach-based CT Realty Corporation has acquired two multi-tenant industrial buildings totaling 88k sf in San Diego's Otay Mesa submarket. Built in 1990, the two single-story buildings are located at 10065 and 10145 Via...
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• Pro Moves
5/18/06
Paul Marshall: Opus West has promoted Paul Marshall to Division President- Southern California. Marshall, a 24-year veteran of the real estate industry, has been instrumental in helping to grow Opus West into a highly diversi...
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• OC Office Properties still Attracting Investment Money
5/17/06
Burke Real Estate Group, a Santa Ana-based private investment group, purchased the Orangewood Office Building, a 37.8k sf building in Garden Grove, for $6.7 mil ($177/sf). The transaction, which represented a 5.8 percent cap ...
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• Final Building at Carlsbad Business Park Breaks Ground
5/17/06
Cruzan/Monroe has broken ground on the final building at Northpointe Tech Center, a master-planned business park in Carlsbad. The company has been contracted by RREEF to develop the 60k sf office/R&D building, which has been...
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