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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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• City of Industry Property Sale Goes Through Cooling Off Period
4/28/06
Commercial Cooling Par Engineering Inc, a leading manufacturer of walk-in coolers and freezers, has paid $6.35 mil for a 60k sf ($106/sf) manufacturing facility in the City of Industry, which will enable the company to triple...
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• Koll Acquires Land for $30 Mil Ontario Industrial Park
4/28/06
The Koll Company has purchased a 13.8-acre property in Ontario, which includes three existing industrial buildings and one existing R&D building, upon which it intends to build 12 small- to mid-size warehouse/distribution bui...
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• Aon to Stay On at Downtown Los Angeles High-Rise
4/27/06
Aon Corp has inked a seven-year renewal for 113k sf of office space in downtown Los Angeles at Aon Center, the 62-story skyscraper at 707 Wilshire Blvd where the company has leased space for over 10 years. The 1.3 msf high-ri...
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• Veralliance is Fairest of All after Looking at Amira on the Wall
4/27/06
Although the housing market may be cooling a bit in San Diego County, commercial leasing activity remains strong throughout much of the region. In this report, we'll review a number of recent transactions for those of you who...
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• Diamond Bar Office Building Trades for $15 Mil
4/26/06
In this report we'll take a look at four recent sales in and around the San Gabriel Valley. In the largest of the transactions, a 63.3k sf office building traded hands for a price of $15.7 mil ($248/sf). The building, which w...
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• McMillin Capital Closes on its Six-y New Fund
4/26/06
McMillin Capital, a San Diego-based real estate investment and management company, has completed the initial closing of its new Fund 6 real estate private equity fund, totaling $14.4 mil. McMillin Capital Fund 6 LP, which inc...
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• Integrated Capital Acquires Marriott Ventura Beach
4/25/06
Beverly Hills-based Integrated Capital has acquired the Marriott Ventura Beach, an upscale 286-room full-service hotel, located at 2055 Harbor Blvd in the city of Ventura. Acquisition financing of $26.4 mil was provided by Pa...
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• April 24, 2006 - It's a Grand Day for Los Angeles
4/24/06
This afternoon RENTV was on hand as the Grand Avenue Committee and The Related Companies rolled out the red carpet in a well-attended media event that unveiled the dramatic initial design by Frank Gehry for the 1.2 msf, $750 ...
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• Cushman & Wakefield Acquires San Diego Corporate Real Estate Advisors
4/24/06
International real estate services firm Cushman & Wakefield has acquired San Diego Corporate Real Estate Advisors, a long-time member of the Cushman & Wakefield Alliance network and a major brokerage firm in the San Diego are...
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• Pro Moves
4/24/06
William Halford: William Halford is the new President and CEO of Bixby Land Company, replacing Terrance Dickens, who is retiring after nine years at the helm. Halford recently departed The Irvine Company after 12 years, wher...
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• Sheppard Mullin Commits to $27 Mil Lease at New Del Mar Heights Campus
4/21/06
The law firm of Sheppard Mullin Richter & Hampton LLP has agreed to a 10-year, $27 mil lease for 54.2k sf ($4.15/sf/mo) in Paseo Del Mar, the new 240k sf Class A office campus now under construction at 12275 El Camino Real, n...
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• Lack of New Product Keeping San Gabriel Valley Vacancy Rate Low
4/21/06
Lack of product is keeping the San Gabriel market tight, for both office and industrial users. According to Erik Larson, Director at Cushman & Wakefield, the industrial vacancy rate is currently running at an almost negligibl...
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• Opus Looking to Move Forward with Third Office High-Rise in Irvine
4/20/06
Throwing its hat in the ring with a few other planned new office towers in the John Wayne Airport area, Irvine-based Opus West Corporation has announced plans to begin design development on Opus Center Irvine III, a 313k sf, ...
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• Financing Notes
4/20/06
A partnership of The Genesis Real Estate Fund II and Seventh Street Development, has acquired 20.6 acres of land in Pomona at a shuttered plant formerly occupied by General Dynamics. The partnership plans to develop a 380k s...
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• Hillwood Underway on 913k sf Spec Facility in San Bernardino
4/20/06
Hillwood has begun construction on a 913.7k sf spec building at AllianceCalifornia in San Bernardino. The facility, known as the Gateway North 1 building, is located at 786 E. Central Ave and is scheduled to be completed in S...
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