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• George Smith: 1935
11/04/05
The industry suffered a great loss yesterday, so if you haven't heard you may want to take a seat, because George A. Smith, the founder of George Smith Partners and a friend to so many, passed away yesterday after battling ca...
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• Westmac Westside Weview
11/04/05
Coldwell Banker Commercial WESTMAC, the commercial brokerage led by Timothy Macker that specializes in LA's Westside, recently closed a number of deals that we'll review in this report.
In Santa Monica, a local investor paid...
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• Ratkovich Looking to Give Power to the People's Bank Building
11/04/05
It looks like another big LA-area high-rise may soon change hands, as The Ratkovich Company is reportedly under contract to purchase the People's Bank Building, a 32-story, 420k sf tower at 5900 Wilshire Blvd. Per a recent p...
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• Sylmar Industrial Facility to be Converted into Charter School
11/03/05
A Sylmar industrial building was acquired by officials of a charter school for conversion to a private school. The property, an 83.5k sf facility on three acres at 12800 Foothill Blvd, north of the 118 Fwy and on the west sid...
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• NoCal Firm Gets Optum Price for Costa Mesa Building
11/03/05
Dunkel Brothers, a heavy machinery moving company, acquired a 222.6k sf single-tenant industrial building in La Mirada for $10.8 mil ($48.50/sf). Dunkel Brothers will use the building as its new corporate headquarters. The pr...
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• Coastal Coachworks to Redevelop Santa Ana Industrial Facility
11/02/05
Coastal Coachworks, a limousine manufacturing company, purchased a 45k sf industrial facility on three acres of land in Santa Ana from Voit Development Company. Coastal Coachworks then hired Voit to redevelop the building, l...
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• Archstone/Ameritron Venture Moves into the Heart of the City in San Marcos
11/01/05
Archstone Smith/Ameritron has purchased two separate parcels of land, totaling 5.83 acres, in San Marcos for $4.1 mil ($16.14/sf). Located at the corner of S. Twin Oaks Valley Rd and Discovery St, across from Cal State San Ma...
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• UCLA's Ziman Center Expands with New Interdisciplinary Center
11/01/05
UCLA has announced the creation of an Interdisciplinary Center for Real Estate that will be formed as a partnership between the Richard S. Ziman Center for Real Estate at UCLA Anderson School of Management and UCLA School of ...
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• Financing Notes
10/31/05
Sonnenblick-Eichner Company has arranged $40.5 mil of first mortgage financing for Continental Park Terrace, a 190k sf, Class-A office building located at 2361 and 2381 Rosecrans Ave in El Segundo. The 10-year fixed rate loan...
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• Chesterfield Square Making a Community Impact
10/28/05
Chesterfield Square, a $60 mil, urban destination retail center in South Los Angeles developed by Katell Properties, has been awarded a prestigious “Community Impact” award presented by The Phoenix Awards Institute Inc, an en...
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• Jamison Flys Into LAX with $70 Mil Office Buy
10/28/05
Los Angeles-based Jamison Properties Inc, one of the largest landlords of office property in Southern California, purchased a 698.2k sf, three-building office complex in the LAX submarket for $70 mil ($100/sf). The properties...
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• Snyder Chosen by LA's CRA for Mid-City Mixed-Use Development
10/27/05
The Community Redevelopment Agency of the City of Los Angeles (CRA/LA) has selected the J.H. Snyder Company to develop a major mixed-use project on three sites located on Adams Blvd from La Brea Ave to Redondo Blvd in the Mid...
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• October 27, 2005 - $12 Mil Purchase by Guitar Center a High Note for Westlake Village
10/27/05
Guitar Center, a leading national retailer of musical instruments, has purchased two buildings in Westlake Village that are situated adjacent to its existing 69k sf HQ location at 5795 Lindero Canyon Rd, north of the 101 Fwy ...
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• Revised Ballpark Village Plan is Safe at Home
10/27/05
In major news for downtown San Diego development, the SD City Council last week approved modified plans for the Ballpark Village project in the city's East Village area, after some debate over changes to the project that enta...
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• SoCal Pro Moves
10/26/05
KENNETH NILMEIER/PAUL ZALESKI: MVE & Partners named Kenneth E. Nilmeier as Principal and Paul Zaleski as Senior Associate Partner. As Principal, Nilmeier will oversee all of the firm's planning projects, which range from lar...
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• New Westlake Village Office Project to Break Ground Next Spring
10/26/05
Westlake Plaza Center East LLC, a joint venture of Steadfast Business Properties of Newport Beach, and Amstar Group of Denver, has acquired more than 28 acres in Westlake Village, on which it will develop Westlake Plaza: Stea...
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• Hines and CarrAmerica Spend Big on San Diego Office Properties
10/25/05
Houston-based Hines and CalPERS recently closed on an $84.8 mil office buy in San Diego's Del Mar Heights/Torrey Hills area, after acquiring Pacific Plaza, a three-building, 220k sf ($385/sf) campus located at 10935, 10945 an...
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• Falling Vacancy Rates Boost San Diego Office Market
10/25/05
San Diego's office market continued its strong performance in the third quarter of 2005, with office vacancy rates falling into the low teens in almost all of the major submarkets throughout the region, according to the lates...
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• Genesis Has another Hit
10/24/05
Shamrock Capital Advisors has closed out the $104 mil Genesis Real Estate Fund II, an investment fund created to help stimulate real estate and economic development in low and moderate income communities throughout Los Angele...
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• October 24, 2005 - Financing Notes
10/24/05
JOHNSON CAPITAL: Greg West of Johnson Capital arranged a $23 mil permanent loan for the refinance of an 800k sf industrial building totaling in the Grand Crossing Industrial Park in City of Industry. The concrete tilt-up dist...
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