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June 7, 2026
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SOUTHERN CALIFORNIA NEWS
Archive
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• Arden Likely to be Taken Private in $5 Bil Deal
12/21/05
In news that's been buzzing around real estate circles for some time now, it looks like Arden Realty, the LA-based office REIT led by Richard Ziman and Victor Coleman, will soon be taken private in a deal that will be worth w...
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• December 20, 2005 - Pro Moves
12/20/05
Colm Macken was named the new President and CEO at Shea Properties, the Orange County-based commercial development and investment arm of the J.F. Shea Co Inc family of companies. Macken, a real estate executive with more than...
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• Construction of New San Dimas Office Park is Complete
12/20/05
Construction has been finished on University Corporate Center, an 86.1k sf office park located on South Corporate Center Dr and South Campus Dr in Pomona. All six of the buildings in the project have already been sold or leas...
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• RREEF Tops Out Steel at New Sorrento Mesa Office Building
12/20/05
Construction is well underway on a new Class A office building in Sorrento Mesa, as steel has topped out at Pacific Center III, a six-story project located at 10160 Pacific Mesa Blvd. The development will contain approximatel...
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• Janitorial Products Distributor Cleans Up Its Space Needs with 240k sf LA Lease
12/19/05
Lagasse Inc, a leading wholesale supplier of over 10,000 janitorial and sanitary maintenance products, has agreed to a long-term lease for 239.7k sf of industrial space in an unincorporated area of Los Angeles, just north of ...
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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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