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• Obstacle to Development at Playa Vista is Removed
1/31/06
Fending off attempts to halt future development or reduce it even further, Playa Vista on January 10th and 11th celebrated significant court and legislative victories that enable it to move forward without having to issue ano...
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• Alliant Inks $15 Mil Renewal at The Alhambra
1/30/06
Alliant International University inked an early 10-year, $15 mil renewal for its 50k sf ($2.50/sf/mo) of office space at The Alhambra, the 1 msf mixed-use campus in the San Gabriel Valley community of Alhambra. Owned by The R...
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• Torrance Building Gets Healthy $50 Mil Lease from Herbalife
1/30/06
Herbalife Ltd (NYSE: HLF) has inked a new 10-year, $50 mil lease for a 186k sf ($2.24/sf/mo) Torrance office building that will serve as the HQ location for the company's America's regional team. The building, Legacy Partne...
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• Hileman to Offer a New Haven for Office Tenants in Rancho Cucamonga
1/30/06
The Hileman Company LLC has started construction of HavenPark, a new $45 mil business center featuring two 75k sf office buildings, a 7.5k sf full-service restaurant, 22k sf of service retail and casual dining, and a Class A ...
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• Watson to Develop 1.3 msf Industrial Center in Chino
1/27/06
Watson Land Company has acquired a 60-acre former dairy farm property in the city of Chino, on which the firm intends to develop a 1.3 msf master-planned industrial center. Coupled with the company's recent acquisition of 100...
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• DLA Piper Rudnick Inks Expansion/Renewal Deal in Downtown LA
1/27/06
DLA Piper Rudnick Gray Cary US LLP, the international business law firm, has inked an expansion/renewal lease for 48.8k sf of office space at 550 South Hope St in Downtown LA. With this deal, 550 South Hope St stands at 93% o...
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• AEW Spends $32 Mil on an Icon
1/26/06
AEW Capital Management LP acquired a 307.8k sf industrial building in Foothill Ranch, on behalf of one of its institutional clients. The property, which was sold by Northwestern Mutual Life Insurance Company, traded for $32.5...
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• Businesses Taking a Walk by the Riverside
1/26/06
Turner Development Corp has already sold 10 of the 13 office condos in the first office phase at Turner Riverwalk, a 73-acre mixed-use business community in Riverside. In addition, a two-story Class A office building that is ...
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• Birtcher Pays $29 Mil for SoCal Industrial Portfolio
1/26/06
Birtcher Anderson Realty LLC, a San Juan Capistrano-based commercial real estate investment firm, has acquired a 12-building, 251.2k sf industrial property portfolio for $28.76 mil ($114/sf) from Newport Beach-based ZMI Real ...
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• Sares*Regis Closes $34 Mil Thousand Oaks Acquisition
1/25/06
SARESREGIS Group has purchased The Arbors, a two-building, 133.5k sf office campus in the city of Thousand Oaks. The acquisition includes an additional eight acres of land entitled for two more office buildings with a combi...
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• Financing Notes
1/24/06
The Genesis Real Estate Fund II LLC has provided Paragon Management Company $5 mil in equity financing for the acquisition of 161 acres of land adjacent to the Mexican border in the unincorporated East Otay Mesa section of Sa...
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• Oxnard/Santa Barbara Deal Review
1/24/06
For those of you interested in the SoCal areas north of LA, in Oxnard and Santa Barbara, here are a few deal comps brokered, at least in part, by the Ventura and Santa Barbara County offices of CB Richard Ellis. We'll start i...
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• Webside Story an $11 Mil Hit in Sorrento Mesa
1/23/06
Here's a chance to catch up on office leasing activity throughout San Diego County, as we update you on a dozen recent deals from throughout the region. We'll start off with a sizable Sorrento Mesa office deal, as Webside Sto...
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• Investment Group Spends $5 Mil on Its Own Hotel California
1/23/06
A 150-unit Howard Johnson Hotel building in the city of Bakersfield was purchased by a California investment group for $5.375 mil ($35.8k/unit). The property is located on a 2.46-acre lot at 2700 White Lane, on the northeast ...
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• Financing Notes
1/23/06
The Los Angeles office of Holliday Fenoglio Fowler (HFF) has secured a financing of $63 mil for the acquisition of 5900 Wilshire Blvd, a 30-story office tower, plus two satellite buildings totaling 490k sf in West LA, between...
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• DBN Acquires 22-Acre San Jacinto Site for Mixed-Use Project
1/20/06
Laguna Hills-based DBN Development LLC has purchased a 22-acre property in the Inland Empire city of San Jacinto on which it will develop Parkside San Jacinto, which is planned to contain both a 75k sf, state-of-the-art medic...
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• Outdoor Company Heads Indoors to 683k sf Inland Empire Facility
1/20/06
Quiksilver, one of the world's leading outdoor sports lifestyle companies, has inked a long-term lease for a 683k sf distribution facility in the Inland Empire. The new building, which will be used primarily for distribution ...
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• Financing Notes
1/20/06
Buchanan Street Partners arranged a $10 mil loan on behalf of Makar Properties for the refinancing of the company's headquarters, a Class A, 45.9k sf office building located at 4100 MacArthur Blvd in Newport Beach.
Makar Pr...
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• WCB/UBS Venture Spends $77 Mil on Xerox Centre
1/19/06
A venture of WCB Properties and UBS Realty Investors has purchased Xerox Centre, a 15-story 321k sf office building in Santa Ana, and an adjacent 1,125-stall eight-story parking garage. It is located at 1851 East First St, on...
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• New Otay Mesa Industrial Development is Selling Fast
1/18/06
Opus Crossing, a new 320.9k sf industrial development comprised of eight buildings on 18 acres in Otay Mesa, is already 52% sold out. Three of the four buildings in the 163.6k sf Phase I were sold in separate transactions pri...
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