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• Legacy Partners Acquires Burbank Office Building
12/19/05
Legacy Partners Realty Fund I, a Foster City-based private investment company, purchased a 147.9k sf office building in Burbank, in a $43 mil ($291/sf) deal. The property was sold by CarrAmerica Realty Corporation, the big Wa...
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• Voit to Start Work on 200k sf Industrial Project in Sylmar
12/16/05
Voit Development Company has acquired a 10.5-acre land parcel at 15900 Olden St in Sylmar, in close proximity to the 5 and 405 freeways. Voit plans to develop an industrial park totaling approximately 200k sf in two phases on...
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• Downtown Riverside Office Property Trades for $17 Mil
12/16/05
Asset Management Consultants, a Mission Hills-based investor, paid $16.95 mil for a 69.3k sf ($245/sf) office building at 3380 Lemon St in the city of Riverside's downtown area. The five-story structure includes an adjacent t...
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• Lustig-Bower Team a Winning Choice for Multifamily Sales in LA Area
12/15/05
CB Richard Ellis' Team Lustig-Bower has closed in excess of $201 mil in multi-family sales in greater Los Angeles over the past six months. Of the 19 sale transactions, over $150 mil were condominium-conversion sales or devel...
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• Opus Rides the Pine at New Chino Hills Project 80% Sold
12/15/05
Less than five months after breaking ground on Pine Corporate Center in Chino Hills, more than 80 percent of the new office/retail campus has been sold to 12 companies. Located at Pine Avenue and the 71-Expressway just north...
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• Greyhawk Takes Off in Carlsbad
12/14/05
Davis Partners has broken ground on Greyhawk Business Center, a 28-building industrial/R&D project that is part of Palomar Forum, a new master-planned development located at the northeast corner of Melrose Dr and Palomar Airp...
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• December 14, 2005 - Korean Government Takes Over Miracle Mile Building
12/14/05
We've got news and notes regarding various real estate happenings on the Westside over the past month or so and we'll start in the Miracle Mile area, where the Korean Government picked up a long-time local landmark, the 8.9k ...
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• Murphy Collects $14 Mil from Sale of Leased Building at Siempre Viva
12/13/05
Encinitas and Carlsbad Professional Association (ECPA) has purchased Building 10 at Siempre Viva Business Park for $14.25 mil. The fully leased 115.3k sf ($124/sf) corporate industrial building is located at 8851 Kearns St. T...
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• Valencia Office Building Becomes a CORE-geous T-I-C Opportunity
12/13/05
Newport Beach-based CORE Realty Holdings LLC has acquired Westridge Executive Plaza, a new 64.3k sf multi-tenant office building located at 26650 The Old Road, just north of Valencia Blvd and west of I-5 in Valencia. The Clas...
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• Teledyne Engineers $30 Mil El Segundo HQ Lease
12/12/05
Teledyne, the LA-based electronics engineering firm, which has been in our “Tenants In the Market” report for the past few years, has inked a long-term deal for a new home. The company leased a 125k sf office building at 501 ...
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• CT Finishes CentrePointe Project in Mission Viejo
12/12/05
Newport Beach-based CT Realty Corp has wrapped up construction on its CentrePointe commercial office park in Mission Viejo. The company has already sold all eight buildings at the park for a combined total of $13 mil.
Centr...
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• Financing Notes
12/12/05
The Los Angeles office of Holliday Fenoglio Fowler (HFF) has arranged $64.3 mil in financing for Encinitas Ranch Town Center, a 503k sf, Class A power center in Encinitas. Encinitas Ranch Town Center was completed in 1996 and...
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• Property Management Notes
12/09/05
WESTERN NATIONAL PROPERTY MANAGEMENT: A third-quarter research report by Corporate Research International (CRI) ranked Western National Property Management's housing client program #1 out of 189 different property management ...
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• Koll Co Closes $12 Mil Santa Clarita Office Buy
12/09/05
The Koll Company has purchased Valencia Park Executive Center, a two-building, 66.6k sf office property in Santa Clarita, for $11.67 mil ($175/sf). The property, which is located on 2.9 acres at 25115 Avenue Stanford, at the ...
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• Tustin Office Building to be Converted to Condos
12/08/05
Pacific Pointe Partners has acquired a 33.7k sf two-story office building in Tustin for $6.3 mil ($187/sf). Pacific Pointe plans to redevelop the property, which is located at 2552 Walnut Ave, into office condos.
With a gro...
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• Madison Partners Handles Sale and Financing for Pair of Big SoCal Deals
12/08/05
Madison Partners, the successful West LA-based boutique brokerage firm, has recently arranged the sale and financing for two major SoCal properties: The Lakes at West Covina, an office building in the East San Gabriel Valley...
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• Ponderosa Buy is a Bonanza for Granite Peak
12/08/05
Santa Barbara-based Granite Peak Partners, has purchased Ponderosa Technology Park, an eight-building, 155.5k sf office, R&D and industrial park in Kearny Mesa. The property, which is located at 4205 - 4247 Ponderosa Ave, was...
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• Voit Sells Out Tustin Gateway Business Park
12/07/05
Tustin Gateway Business Park, a 19-building 266.9k sf state-of-the-art industrial park, located on the site of the former of Steelcase facility at Warner Ave and Bell Ave in Tustin, is sold out, as all 19 units have been purc...
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• Barker Pacific Adds the Union Label
12/06/05
Barker Pacific Group (BPG) has acquired Cerritos-based Union Development Company Inc (UDC), a 110-year-old, family-owned real estate development and management firm with holdings of nearly 1.2 msf of property, including retai...
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• SCI Unloads Carlsbad Business Park for $13 Mil
12/06/05
Whiteflag LLC, an apparel distributor, paid $13.45 mil ($109/sf) for Loker Corporate Center, a 123.5k sf at 2777 Loker Ave West, within Carlsbad Oaks Business Park. It was sold by Loker Investment Partners LP, an investment e...
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