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• Foremost SoCal Deals Includes Sale of MacArthur Park
5/17/05
Laguna Hills-based Foremost Business Parks has sold two assets in Southern California in separate transactions totaling $23.6 mil. In one of the deals, Foremost Business Parks sold MacArthur Park, a 96.1k sf multi-tenant offi...
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• Coreland Reels in Another 1 msf of Management Assignments
5/17/05
Tustin-based Coreland Companies has started the year off strong, recently been awarded eight new leasing and management contracts for properties totaling nearly 1 msf of space. The new assignments are for six shopping centers...
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• KUMHO Tire Gets a Grip on $35 Mil Distribution Lease in Rancho Cucamonga
5/16/05
KUMHO Tire USA rolled into an 830.5k sf Inland Empire distribution space, after inking a 125-month lease worth $34.9 mil ($0.34/sf/mo). The space, which will serve as KUMHO's Western regional distribution facility as well as ...
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• Industrial News from the City of Industry
5/13/05
Hudd Distribution Services Inc, a South Gate-based national logistics firm, has signed a three-year lease renewal for 700k sf of space within the Fullerton Road Industrial Park in the City of Industry. The transaction has a t...
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• McGarrey Gets Underway with New Lancaster Business Park
5/13/05
Santa Monica-based McGarrey Development Company has begun construction on a $17 mil business park in Lancaster, in northern LA County. The project, which will enable small business users to purchase their own facilities, is s...
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• Voit Gets Guidance in Tustin Office Sale
5/12/05
Guidance Real Estate LLC has purchased an 86.6k sf office building in Tustin for $12.6 mil ($145/sf). The building is located at 14511 Myford Rd, north of the intersection of Edinger Ave and Jamboree Rd. It was sold by Voit D...
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• JMI Realty Office Project to Reach New Heights
5/12/05
San Diego-based JMI Realty has begun construction on the first phase of a three-building, 240k sf Class A office campus in Del Mar Heights to be called Paseo del Mar. Estimated to cost over $77 mil, the campus is located on ...
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• Private Investor Takes a Swing at Moreno Valley Golf Club
5/11/05
This update will cover four recent sales comps from the Inland Empire, starting in Moreno Valley, where a local private investor paid $6.8 mil for Moreno Valley Ranch Golf Club, a 27-hole championship golf course located at 2...
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• Ontario Facility Targeted for Big Short-Term Lease
5/10/05
Target Corporation, the trendy national discount retailer, inked a one-year lease for 675k sf of warehouse space in Ontario, filling a short-term need for the storage holiday overflow. The move is expected to help Target circ...
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• ScanlanKemperBard Grabs $39 Mil Investment in Culver City
5/09/05
ScanlanKemperBard closed on a hefty investment in Culver City, paying $39.3 mil for Corporate Pointe, a 204.6k sf ($192/sf) office complex situated just east of Fox Hills Mall and the 405 Fwy. The two-building property consis...
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• Investor is Ruffin It After $4.7 Mil Buy in Kearny Mesa
5/09/05
A 56.3k sf industrial building in Carlsbad traded hands in a $4.4 mil ($78/sf) sale/leaseback deal. Located at 2350 Camino Vida Roble, west of El Camino Real and south of Palomar Airport Rd, the building serves as a distribut...
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• Mighty Quinn Takes another 45k sf in Downtown LA
5/09/05
The law firm of Quinn Emanuel Urquhart Oliver & Hedges LLP has agreed to a nine-year, $10 mil expansion lease for 45k sf ($2.06/sf/mo) at the TCW Building in downtown Los Angeles. The transaction now gives the firm a total of...
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• Home Depot Inks Majestic Distribution Deal for 600k sf SGV Facility
5/06/05
Majestic Realty signed another tenant for a large distribution facility at the company's master-planned Grand Crossings industrial project in the City of Industry. The Home Depot Supply Inc, a division of The Home Depot that ...
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• Carlsbad Sales Ring Up to $11.5 Mil
5/06/05
A 98k sf warehouse building located in the Carlsbad Research Center was purchased by Research Center Pointe LLC, a partnership of Newport National Corporation, for $7.2 mil ($73/sf). The building, which is at 2210 Faraday Ave...
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• Crown Acquires Trio of Properties from Kilroy
5/06/05
Privately held Crown Realty & Development purchased three buildings, totaling 303k sf of space, from Kilroy Realty Corp, the West LA-based REIT, in a transaction valued at near $39 mil ($129/sf). The transaction consisted of ...
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• SBC Calls in Five-Year Renewal at The Alhambra
5/05/05
Pacific Bell Information Services, a division of communications giant SBC, inked a renewal for 16.8k sf of office space at The Alhambra, the 1 msf office campus in the San Gabriel Valley community of Alhambra. The five-year d...
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• May 5, 2005 - Harrah! Harrah! Santa Ana to Get New 37-Story Tower
5/05/05
For fans of new office high-rises, of which we count ourselves, Tuesday April 5th was a great day for Orange County since the voters of Santa Ana made the smart decision and, in a special election, approved the plans by Mike ...
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• El Cajon Buyer goes for the Big Bucks
5/04/05
In an Otay Mesa sale, the Costa Brava Trade Center was purchased for $3.9 mil by Helen Park, owner of Accell Transport. This free-standing corporate HQ facility contains 49.3k sf ($79/sf) of space and sits on 2.75 acres at 86...
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• May 4, 2005 - Sares*Regis Group Closes $36 Mil San Gabriel Valley Buy
5/04/05
Irvine-based Sares*Regis Group acquired Baldwin Park Industrial Center, a 450.9k sf master-planned project of 10 buildings in the San Gabriel Valley, for $36 mil ($80/sf). Sares*Regis Group's financial partner in the transact...
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• Construction Underway on 108k sf Spec Industrial Building
5/03/05
Construction is underway on a new 107.9k sf industrial building in the 300-acre, master-planned Agua Mansa Industrial Center in Riverside County. The project, located at 1135 Hall Ave, is being built by Seventh Street Develop...
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