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• Westcore Flies with Longwing on $12 Mil Sorrento Mesa Office Buy
6/10/05
A partnership of Westcore Properties LLC and Longwing Real Estate Ventures has acquired Mira Oberlin Plaza, a six-story office building totaling 72k sf, for $12.4 mil ($172/sf). The property is located at 5880 Oberlin Dr, on ...
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• Birtcher Anderson Generates $74 Mil from Sales of Two OC Office Properties
6/10/05
Birtcher Anderson Realty LLC collected $74 mil from the recent sales of two Class A office properties in Orange County. Birtcher, a Laguna Niguel-based commercial real estate investment entity formed within the Birtcher Real ...
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• CIM Puts the Finishing Touches on another Hollywood Blockbuster
6/10/05
CIM Group recently closed on another Hollywood property, paying $19.95 mil for the 88k sf ($227/sf) Stephen J. Cannell Studios Building at 7083 Hollywood Blvd. The property, which was purchased by CIM's Urban REIT Properties,...
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• Northrop Grumman Leases 216k sf of Aero Space in El Segundo
6/09/05
In a major South Bay lease and a welcome deal for Overton Moore Properties (OMP), giant aerospace firm Northop Grumman has signed a lease for OMP's Douglas Tech Center, a 216k sf office/light industrial facility at 445 N. Dou...
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• Essex Rocks On with $10 Mil Costa Mesa Office Buy
6/09/05
An investment entity controlled by Essex Property Management closed on an office property buy in Costa Mesa, having paid $10.1 mil for four Class B office buildings containing a total of 56.7k sf ($179/sf) of space. The build...
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• SD Sales: Kennedy-Wilson Closes $19 Mil Carlsbad Buy
6/09/05
A two-building, 97.2k sf office complex in Carlsbad was acquired by a Kennedy-Wilson-related entity for $19.38 mil ($199/sf). The property, called One Carlsbad Research Center, is located at 2382-2386 Faraday Ave, north of Pa...
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• New 500k sf Office Project to take Off at Ontario Airport
6/08/05
A partnership of PGP Partners Inc and RREEF plan to develop a new 500k sf Class A office project in Ontario to be named Ontario Airport Towers. The project will be the largest new office development in the Inland Empire, one ...
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• Coaster Company Rolls into another Three Years at Santa Fe Springs Facility
6/08/05
Coaster Company of America, one of the leading furniture distributors in the US, has inked a three-year lease renewal for the entire 284.6k sf industrial building at 12434 Lakeland Rd, between Norwalk Blvd and Bloomfield Ave ...
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• Shipping Firms Love those Gardena Buildings
6/07/05
International Shipping, a full-service worldwide moving company, has paid $6.8 mil for a 105.6k sf ($64/sf) industrial facility at 13500 S. Figueroa St, just east of Gardena. The property, which drew nine offers in three week...
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• New Development from EOP to Bridge Office Space Needs in UTC
6/07/05
Equity Office Properties, the big Chicago-based office REIT, plans to get underway in the next couple of months with a new $36 mil office development in San Diego's University Towne Center submarket. The spec project, called ...
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• Investors Go on $103 Mil Ontario Safari
6/07/05
Safari Business Center, a Class A multi-tenant industrial and office park consisting of 16 buildings and approximately 1.1 msf of space in the city of Ontario, was acquired by an institutional real estate investment manager a...
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• Investors Choose the Fairway to Acquire New Buildings
6/06/05
Fairway Commercial Partners sold the three buildings that make up Fairway Business Park, a recently completed 111k sf development located within Centre Pointe Business Park in Santa Clarita. Collectively, the buildings sold f...
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• Glendale Office Tower Trades for $21 Mil
6/06/05
A 93k sf office building in Burbank was purchased by TWS Realty Inc for $21 mil ($226/sf). The seven-story, glass and steel tower, which was built in 1976, is located at 600 N. Brand Blvd, just south of the 134 Fwy. It was 10...
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• Law Firms Rack Up $37 Mil in Downtown LA Office Deals
6/03/05
CB Richard Ellis recently closed a pair of downtown LA law firm leases with a combined value of around $37 mil. The firms are Heller Ehrman LLP, which signed for 77.7k sf of space at Bank of America Plaza, and Hennigan, Benne...
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• Financing Notes
6/03/05
ARCS COMMERCIAL MORTGAGE: ARCS Commercial Mortgage Co L.P closed $32 mil in financing for the Northpoint Apartments, a 514-unit property in San Francisco. The four-story elevator-style complex, located in the city's Fisherman...
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• First Quadrant Renews HQ Space in Pasadena
6/03/05
First Quadrant, an investment strategy firm, will remain at its existing HQ location in Pasadena, after inking a long-term renewal for 22.6k sf of office space at Pasadena Towers I. The Class A office tower is located at the ...
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• Property Management Notes
6/02/05
RiverRock Real Estate Group, the OC-based management and leasing firm led by industry veteran John Combs, recently was awarded a couple of newsworthy assignments, in the West San Fernando Valley and in Laguna Hills. In the Va...
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• Brokerage Pro Moves: Bortnick Named President at REZA Investment Group
6/02/05
WHITLEY COLLINS, JOHN MCROSKEY, MIKE MCROSKEY, ALAN AUFHAMMER, GARY HORWITZ AND TONY MORALES: A group of top SoCal brokers have moved over to The Staubach Company, as principals in the company's LA operation. The team consist...
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• Cruzan/Monroe Starts Work on Redev of Historic Downtown SD Warehouse
6/01/05
The historic TR Produce Warehouse in downtown San Diego is about to be redeveloped into an exciting mixed-use project that will include upper-level office suites above a 20k sf restaurant and retail component. Formerly known ...
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• Art Institute Makes Tri-City Corporate Center Look Good
6/01/05
Leasing at Tri-City Corporate Centre in San Bernardino has really picked up steam since last year, as new deals signed since January have totaled more than 105k sf. This includes a $6.2 mil, 10-year deal executed this month b...
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