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• Investment Team Takes the Field in Kearny Mesa
11/15/04
In this report we'll take a look at recent San Diego-area sales activity, as a California limited liability partnership paid $13.9 mil for Montgomery Field Business Park, a four-building, 168k sf ($83/sf) mixed-use developmen...
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• Kearny Mesa Office Complex Trades Hands for $26 Mil
11/14/04
A CB Richard Ellis Realty Trust subsidiary paid $26.5 mil for the REMEC Corporate Campus, a four-building, 132.7k sf ($200/sf) office and R&D complex in Kearny Mesa. The property is on 10.54 acres at 9404 Chesapeake Dr and 57...
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• Ponte Vista Online Auction Set to Start in December
11/12/04
The folks at Ponte Vista, the 61.53-acre residential redevelopment opportunity formerly known as San Pedro Navy Housing, have let us know that residential homebuilders interested in participating in the property's online auct...
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• M. David Paul Says Yahoo!
11/12/04
Overture Services, a subsidiary of Internet giant Yahoo!, has inked a major office lease with M. David Paul & Associates for space in two yet-to-be-constructed buildings at the developer's Media Studios North campus in Burban...
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• The Irvine Company Invests $150 Mil in Downtown San Diego Office Tower
11/11/04
The Irvine Company has closed on another prize office buy in downtown San Diego, picking up the 23-story, 472k sf Wells Fargo Plaza at 401 B St. The purchase price was $148.3 mil ($314/sf), just a few dollars shy of the $150 ...
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• Kilroy Gives Encore Performance at El Segundo Tower
11/11/04
Encore Software, a video game software marketing company, has inked a five-year $2 mil lease for 13k sf ($2.56/sf/mo) office space at 999 N. Sepulveda Blvd in El Segundo. The company, which has made a shift in its business mo...
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• November 10, 2004 -- Primest of Beverly Hills Locations is Prime Meat for Investors
11/10/04
We had heard the rumblings on the street that a sale of a major office property in Beverly Hills was getting closer to occurring at one of the highest prices on a per square foot basis ever on the West Coast. And just as we ...
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• Pfizer Takes $372 Mil Prescription for La Jolla R&D Campus
11/10/04
In a huge San Diego-area purchase, Pfizer Inc has acquired its 33-acre La Jolla campus from Slough Estates, the large real estate player out of the United Kingdom, for $372 mil. Pfizer, the world's largest pharmaceutical comp...
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• 200k sf Expansion/Renewal Deal is Sweet Music for CarrAmerica and Beacon Capital
11/09/04
Universal Music Group, a unit of Vivendi Universal, inked a renewal/expansion lease for a total of 200k sf at 10 Universal City Plaza. The 35-story, 772k sf Class A office high-rise is located in the southeast San Fernando Va...
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• Embarcadero Capital Coasts into the Sunset with $24 Mil Office Buy
11/09/04
Pacific Sunset Coast Plaza, a three-building low-rise office complex at the corner of Pacific Coast Highway and Sunset Blvd in Pacific Palisades, was purchased for $24.5 mil by Embarcadero Capital Investment. The three- and f...
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• Financing Notes
11/08/04
Pacific Coast Capital Partners LLC (PCCP) has committed $17.35 mil in construction financing to The Mansour Company, an El Dorado Hills-based real estate development company. The loan will finance the development of an 87.5k ...
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• What's Up at Ocean Ranch?
11/08/04
Stirling Enterprises, the master developer of Ocean Ranch Corporate Centre in Oceanside and Hamann Construction, a San Diego-based contractor and developer, have teamed up in a venture to build a $30 mil, 357k sf industrial p...
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• Selvin Properties Acquires Thousand Oaks Office Complex
11/05/04
Selvin Properties, a Westlake Village-based investment firm led by Harry Selvin, paid approximately $10 mil for Village Oaks Center, a three-story, 62k sf ($161/sf) office complex in Thousand Oaks. The property is located adj...
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• Panattoni Plans Premier Project in Ontario
11/05/04
The City of Ontario is considering a land sale to Sacramento-based Panattoni Development that will bring an exciting new mixed-use development to the city and will also provide funding for a new 8,000- to 8,500-seat community...
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• Riverside Office Developer Hopes to Grow Many New Jobs at The Grove
11/04/04
Phase I of The Grove in Riverside, a new approximately 350k sf master-planned, multi-building office campus in the Hunter Park area of Riverside, is expected to break ground in April of 2005. Located at the Northeast corner ...
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• Local Real Estate Pros Score Big in Charity Football Game
11/04/04
A number of SoCal real estate pros got together for a good cause recently and tossed the pigskin around in “The Battle at the Bowl.” Held Sunday, October 24th, this was the first flag football game for charity played at the R...
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• November 4, 2004 -- Irvine Attracts a Slew of Large Tenants
11/04/04
Orange County, by all accounts, is experiencing strong leasing activity. According to a recent release we just received from Voit Commercial Brokerage, absorption in the OC for office and industrial space for the third quarte...
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• Maguire to Acquire Lantana Entertainment Campus in Santa Monica
11/03/04
Maguire Properties Inc (NYSE:MPG) is about to grab another major SoCal office property, as the LA-based company has entered into an agreement to acquire the Lantana Entertainment Media Campus, a 332k sf office complex at 3000...
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• Razor Cuts a Sharp Deal for 250k sf of Space in Pomona
11/03/04
Razor USA, the SoCal-based manufacturer of all sorts of scooters, inked a large industrial lease in the Inland Empire, agreeing to a deal for 250k sf at Mission 71 Business Park in Pomona. Razor's space is part of a 749.3k sf...
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• BentleyForbes Has Big Plans for 2005
11/03/04
BentleyForbes, the LA-based investment firm, is about to embark on a more aggressive acquisitions program going forward in 2005, as the company is taking several steps to further prepare the firm for substantial growth. To he...
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