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• Simi Valley Corp Facility Trades for $33 Mil
12/06/05
LA-based Century Park Partners LLC has purchased a 180k sf corporate office facility in Simi Valley, leased on a long-term basis to national mortgage lender Countrywide Home Loans. The property is located at 1757 Tapo Canyon ...
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• Stone Eagle Soars Over Palm Desert
12/05/05
Lowe Destination Development, an entity of LA-based Lowe Enterprises, has completed the golf course at the Stone Eagle Golf Club, a prestigious 18-hole, Tom Doak-designed golf course in a dramatic mountaintop setting overlook...
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• Watson Acquires Redlands Site for 2.5 msf Industrial Project
12/05/05
Watson Land Company has acquired a 100-acre site in the Redlands area of unincorporated San Bernardino County, for the development of a 2.5 msf industrial park to be called Watson Commerce Center Redlands. The purchase is par...
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• Titan Lands in Salt Lake City
12/02/05
LA-based Titan Real Estate Investment Group Inc has purchased Draper PAS Park, a multi-tenant industrial park in fast-growing Draper, Utah, where industrial vacancy rates have outperformed the surrounding markets. The four-b...
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• Colliers Seeley International Acquired by Seattle Colliers Affiliate
12/02/05
Seattle-based Colliers Macaulay Nicolls Inc (“CMN”), which operates as Colliers International, purchased an 82% stake in Colliers Seeley International Inc, the LA-based Colliers affiliate. Colliers Seeley has 138 brokers in 1...
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• Hines to Build New Irvine Office Tower
12/01/05
Hines Real Estate is getting the word out about its previously announced plans for its first-ever OC office tower, a 12-story, 261k sf high-rise that the Houston-based company plans to develop in a venture with Crescent Real ...
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• Pro Moves
12/01/05
Cushman & Wakefield has hired Christopher K. Cooper as Senior Managing Director and Branch Manager of the global brokerage firm's downtown Los Angeles office. Cooper, a highly respected industry veteran, will be responsible f...
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• Newport Beach Building Gets a Little TLC
11/30/05
Apani Networks, a computer network security company, has inked a seven-year, $6.8 mil lease for a 45.8k sf ($1.77/sf/mo) office building in Brea. The building, which is about 20k sf larger than Apani's former HQ location, is...
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• Financing Notes
11/30/05
OC-based Birtcher Development & Investments has obtained $20 mil to refi its Tustin Business Park and to buy out its capital partner, Hanover Financial Company. The property is a 157k sf industrial park located in the heart o...
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• Developer Gets a Nice Garden View in Encinitas
11/29/05
Garden View Court, a new 34.5k sf Class A, multi-tenant office building located at 700 Garden View Ct in Encinitas, is nearing completion. The project, a development of Grace Partners LLC, was designed by KMA Architecture. Lu...
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• Newmark Pacific Negotiates TRUE Office Lease in Playa Del Rey
11/28/05
The West LA office of real estate services firm Newmark Pacific has recently brokered a number of deals in the LA area, in Culver City, El Segundo and Playa Del Rey. Here's a re-cap of six such transactions, five of which wer...
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• LAX-Area Office Building Sells for $17.8 Mil
11/28/05
A 68.2k sf office building just south of LAX traded hands for $17.8 mil ($261/sf). Located at 5245 Pacific Concourse Dr, the three-story, steel-frame structure is situated south of the 105 Fwy and just west of La Cienega Blvd...
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• Villa International Makes its Home in Cerritos
11/23/05
Villa International, a manufacturer of recreational vehicle furniture, agreed to a five-year lease of a 42.8k sf industrial facility in Cerritos. The building is located at 13760 Midway, south of Alondra Blvd and west of Marq...
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• Investors Head to Saturn for Office Buy
11/23/05
A Santa Ana-based T-I-C buyer acquired Saturn Business Park, a 121.1k sf low-rise office project in Brea, for $22 mil ($182/sf). The two-story building, which was built in 1985 and renovated in 2004, is located at 2929 East I...
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• Pro Moves
11/22/05
DAVID K. HENRY: David K. Henry has joined CBRE as Senior Vice President, Global Corporate Services. Henry will be based in the company's downtown Los Angeles office and will be responsible for overseeing client service delive...
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• Developer Pays Close to $18/sf for Industrial Land in Camarillo
11/22/05
One of the last raw land parcels available in the Camarillo Ranch Business Center, a master-planned industrial park, has been sold to Howard California Properties for $2.3 mil. This sale, at $17.85 per square foot, marks one ...
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• Kids from the Valley Stay in the Valley after $16 Mil Northridge Buy
11/21/05
In a sizable San Fernando Valley deal from a month or so ago, LA-based Jamison Properties paid $31 mil for two office buildings, totaling 177k sf ($175/sf), in Sherman Oaks and Woodland Hills. The assets are Sherman Oaks Atri...
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• Arden Sees the Light
11/21/05
Brentwood-based Arden Realty Inc has won the 2005 NAREIT Leader in the Light award in recognition of the company's excellence in energy efficiency. The award is given by the National Association of Real Estate Investment Trus...
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• Brentwood Capital Acquires Citizen News Building in Hollywood
11/18/05
The Citizen News Building, a 43.6k sf Hollywood office building constructed back in 1931, was purchased for $8.1 mil ($180/sf) by Brentwood Capital, an investment fund led by Richard Ziman, founder and CEO of Arden Realty. Th...
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• Opus West Speeds Along with Two Big Land Buys at Carlsbad Raceway
11/18/05
Opus West Corp is making a big investment in H.G. Fenton's Carlsbad Raceway Business Park, a 1.5 msf master-planned business campus at the northeast corner of Palomar Airport Rd and Melrose Dr in Carlsbad. Opus has just acqui...
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