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• New Medical Office Building will Help Tight Costa Mesa Market get Better
12/01/04
Brown & Associates, a Tustin-based developer, is about to begin construction on Pacific Medical Plaza, a 75k sf Class A medical office building located at 1626 Newport Blvd, near Hoag Hospital. The four-story facility, which ...
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• Fully Leased 220k sf Long Beach HQ Fetches $13.4 Mil
11/30/04
Here's news of a fairly recent sale of a headquarters property fully leased to a credit tenant. It is the October 15th purchase by a private investor, Randy Kendrick, of 100 W. Victoria St., a 219k sf asset, for $13.375 mil, ...
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• Manufacturing Company Makes a Very Timely Buy in Pacoima
11/30/04
The owner of Timely Industries, a pre-finished steel door frame manufacturing company, has paid $7 mil for a 108k sf industrial facility at 12550 Montague St, west of Glenoaks Blvd and south of Osborne St in the east San Fern...
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• CT Signs another 50k SF at Foothill Plaza
11/29/04
CT Realty Corp, the multi-faceted real estate investor out of Newport Beach, led by Robert Campbell, recently signed two leases comprising over 48k sf of new office space at its Foothill Plaza office property in Foothill Ranc...
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• Equity Makes an Executive Decision in La Jolla
11/29/04
Here's a quick follow-up to a big San Diego office sale we reported was in the works a couple of weeks ago, as Equity Office Properties has closed on its purchase of La Jolla Executive Tower, a a 228k sf office building at 42...
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• November 24, 2004 -- A Miracle Mile of Real Estate Deals
11/24/04
The Miracle Mile submarket of West Los Angeles has experienced strong leasing activity of late with rents, and property values, on the rise, but with some of the bigger tenants shifting around and downsizing, the vacancy rate...
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• Sheppard Leads South Coast Plaza Tower to 92% Occupancy
11/23/04
The law firm of Sheppard, Mullin, Richter & Hampton inked a long-term renewal/expansion lease for 55k sf at The Offices of South Coast Plaza, bumping up their space by additional 10k sf. They will continue to occupy the third...
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• New Engineering Tenant is Sparta Mira Mesa Business Park
11/23/04
Sparta Inc has signed a five-year, $1.75 mil lease for 32k sf ($0.91/sf/mo) at 10547 Viper Way, just north of Mira Mesa Blvd in the Sorrento Mesa area of San Diego. Sparta's new facility is part of the Mira Mesa Business Park...
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• No Wrench in Sales at Crescent Corporate Center, as Final Four Buildings Sell
11/22/04
Buyers have picked up the final four buildings at Crescent Corporate Center, an 11-building master-planned business park at 1900 Crescent Ave in Anaheim. The development, which is situated adjacent to the I-5, near the 91 Fwy...
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• Vacant Costa Mesa Industrial Park to Be Converted to Condo Units
11/22/04
A vacant 162.1k sf Costa Mesa business complex was acquired by BKM Development Company to be converted into 19 industrial condos for sale or lease The property, which sold for $13 mil ($80/sf), is located at 3189, 3191 and 31...
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• Financing Notes
11/19/04
Holliday Fenoglio Fowler (HFF) recently arranged a couple of notable financings in SoCal, one a construction loan in Escondido and the other an acquisition loan in Los Angeles.
In the Escondido deal, HFF arranged an $18.25 m...
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• Investors Make $14 Mil "Value-Added" Buy for Irwindale Business Park
11/19/04
San Diego-area investors have acquired the fully-occupied Irwindale Business Park, a four-building, 127.6k sf at 5312-5358 Irwindale Blvd in Irwindale. The complex, which sold for $14 mil ($110/sf), is situated on 11 acres ne...
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• November 18, 2004 - Sares•Regis Group and RREEF Break Ground on 1.1 msf Industrial Development
11/18/04
Sares•Regis Group (SRG) has teamed up with RREEF Real Estate Investment Managers to develop Rialto Commerce Center I & II, a multi-phased industrial development in the Inland Empire city of Rialto. The project's current plans...
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• October Fest of Land Sales in San Diego
11/18/04
As the market continues to tighten for existing space across San Diego County, the volume of land sales is increasing, with October being one of the most active land sale months we can remember. Here's a rundown of some of th...
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• Pacific Coast Capital, Kearny and Keeton Team Up in the Inland Empire
11/17/04
Pacific Coast Capital Partners (PCCP), Kearny Real Estate Company and Keeton Construction Company have formed a joint venture to invest $7.05 mil of equity financing for the acquisition, master-planning, and development of a ...
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• November 17, 2004 - $2 Mil Lease Provides Kearny Mesa Landlord with Extra Security
11/17/04
Let's catch up on a few recent office leases from around San Diego County, starting in Kearny Mesa, where Security Union Title Insurance took 18.3k sf of space at Kearny Mesa Crossroads, in a five-year, $2.1 mil ($1.91/sf/mo)...
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• GSA Signs 10-Year Lease for Anaheim Building
11/16/04
The U.S. General Services Administration (GSA) has signed a 10-year lease for 55.2k sf of office space at 1585 Manchester, adjacent to I-5 at Katella Ave in Anaheim. The transaction was valued at about $2.58/sf/mo FSG, but a...
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• Northwestern Life Designs Purchase of Liz Claiborne Facility in Santa Fe Springs
11/16/04
Northwestern Mutual Life Insurance has nabbed a large industrial property in LA's Mid-cities area, having acquired a 608.2k sf state-of-the-art industrial building used by Liz Claiborne Inc as its SoCal distribution center. T...
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• Burnham Provides Broe-fessional Representation in $15 Mil San Diego Office Sale
11/16/04
Fourth Avenue Corporate Center, a 91.2k sf office building located at 1551 Fourth Ave in downtown San Diego has been sold for $15.15 mil ($166/sf). The seller, Broe Real Estate, is an affiliate of The Broe Companies, a 32-yea...
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• Jamison Goes on $135 Mil Shopping Spree at California Market Center
11/15/04
Jamison Group, the privately held office property owner led by Dr. David Lee, is about to purchase another major LA property, that being the 1.8 msf California Market Center complex at Los Angeles and 9th Streets in the heart...
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