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OC Buyer Extends Its Global Network with $4.7 Mil Office Buy 11/02/04 Voit Development sold a pair of Laguna Niguel office buildings in separate deals totaling $9 mil. Louis Tomaselli, Rob Socci and Mitch Zehner of Voit Commercial Brokerage represented Voit in both transactions.
In one of the ...
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Western States Applies Its Technologies to Pair of LA-Area Deals 11/02/04 SoCal-based Western States Technologies Inc has acquired one industrial property and sold another in two recent Los Angeles-area transactions totaling $10.7 mil.
In one of the deals, the company purchased a 33.3k sf building...
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Heritage Fields to Be Sold Next Year 11/01/04 Here's an update on the information we reported last month concerning the auction of the El Toro base property, now called Heritage Fields. The Department of the Navy, the U.S. General Services Administration (GSA), and Colli...
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Investors Snap Up Placentia Office Properties 11/01/04 An LA-based private investment firm paid $13.3 mil for Placentia Corporate Center, a 103.7k sf ($128/sf) office/R&D complex in Placentia. The four-building property is at 721-781 Kimberly and 600-660 Placentia, west of the 57...
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Herbalife Looking for a New Life in West LA 10/28/04 According to most of the 3rd quarter reports, office market trends in LA, and particularly West LA, are on the upswing, as more and more companies are exhibiting confidence about the economy and the business climate in the re...
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October 27, 2004 - Development Activity Ramps Up in Orange County 10/27/04 Development activity across Orange County has been muted over the past couple of years as the market slowed, vacancies increased and rents declined. But now, with all of that turning around, and with the county seeing strong ...
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Kilroy Gets Its CarsDirect 10/27/04 Kilroy Realty Corporation (NYSE: KRC), the West LA-based office and industrial property REIT, recently inked a pair of office leases with CarsDirect.com and SCS Engineers in LA's South Bay for a combined 76.8k sf of space.
C...
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New Mixed-Use Development Underway in Torrey Hills 10/26/04 Construction has begun on a new 138.3k sf mixed-use center in the Torrey Hills area of San Diego. Called Torrey Hills Center, the $35 mil project will be an outdoor community center comprised of retail stores and a family med...
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Irvine Law Firm Makes $100 Mil Investment on Main Street 10/26/04 In another major Irvine office sale, the law firm of Knobbe, Martens, Olson & Bear LLP has acquired its HQ building, the 308k sf Opus Center II at 2040 Main. The price is said to be somewhere around $100 mil -- near $320/sf -...
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State Comp Signs $7 Mil Office lease in Burbank 10/26/04 State Compensation Insurance Fund, the largest provider of workers' compensation insurance in the State of California, recently signed a 68-month lease agreement for 52.1k sf of office space at Burbank Empire Center. The lea...
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Investors Spending a Trillium on Woodland Hills Office Properties 10/25/04 Institutional investors continue to maintain a strong interest in Woodland Hills office properties, as we've got news of yet another major property in the area about to trade hands. Per Real Estate Alert, Douglas Emmett is un...
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Armstrong-Butcher Break Ground on Ontario Office Park 10/22/04 Armstrong-Butcher Properties has just broken ground on Airport Corporate Centre in Ontario, a new 350k sf master-planned office campus in the Centrelake Development adjacent to the Ontario International Airport. Phase I, exp...
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Auto Parts Distributor Gets Lucky 10/22/04 Anaheim-based Pacific Supply Company, an auto parts distributor, purchased the last remaining building at the Commerce Centre @ Buena Park, a 1.3 msf master-planned business park developed by Overton Moore Properties (OMP). T...
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Industrial Buyers in Corona Reach a Crossroads 10/21/04 Amsino International Inc, an Inland Empire-based manufacturer of disposable medical products, has purchased a 112.6k sf, Class A corporate headquarters facility at 855 Towne Center Dr in Pomona. The property, a one-story conc...
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RREEF Resolves 115k sf Whittier Lease Renewal 10/21/04 Resolve Corporation signed a five-year, $3.2 mil renewal deal for its 115.3k sf ($0.46/sf/mo) of industrial space at 8550 Chetle Ave in Whittier. The space is part of a 202.4k sf high-image distribution facility west of Santa...
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Tenant-In-Common Investors Participate in Mammoth Cypress Transaction 10/20/04 Mammoth Equities Capital Group has paid a combined $62 mil for the acquisition of Mammoth Cypress Pointe Business Park/Mammoth Cypress Corporate Plaza and Mammoth Equities Cypress Pointe IV, in the company's largest 1031 tran...
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El Cajon Office Landlord Provides Space for Community First 10/20/04 In this report we'll take a look at four recent office lease comps from different parts of San Diego County. We'll start in Mission Valley, where the Zoological Society of San Diego agreed to a $1.77 mil, 87-month deal for 10...
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JPMorgan Investing in 21st Century 10/19/04 A joint venture of Guggenheim Real Estate and Bantry Holdings purchased Carlton Plaza, a four-story, 153k sf Class A office building in Woodland Hills. Located at 20750 Ventura Blvd, at the corner with Kelvin Ave, the buildin...
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Heritage Fields of Dreams Now a Reality 10/19/04 It's been a long time coming, but now that it appears the development battles regarding the airport, an annexation by the city of Irvine, and the environmental contamination issues have been settled, The Department of the Nav...
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Turner Development Ends Up on Saturn 10/18/04 Birtcher Anderson Properties sold three buildings at its Brookhollow Office Park in Santa Ana in separate transactions with a combined value of $7.1 mil. This leaves just one building still available for sale out of this 18-b...
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