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• Garden Grove Buyer Invests till It Hurtts
7/08/04
It's time to catch up with more sales comps from Orange County, as we have for you information on eight deals from the region in this report. We'll start in Garden Grove, where an investor paid $9.7 mil, or about $62/sf, for ...
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• Aliso Viejo is the QLogical Choice
7/07/04
Although its main transportation artery, the 73 Toll Road, may be failing, that doesn't mean employees aren't finding another way to get to Aliso Viejo, because we only hear of companies moving into the town, and never about ...
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• Pair of Leases Brings La Jolla Office Building to 100% Occupied
7/07/04
A pair of companies inked deals for space at the Manchester Financial Building in La Jolla, taking the entire third floor of the structure between them. Union Fidelity Mortgage agreed to a $3.4 mil, 84-month lease for 11.5k s...
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• Snyder Leasing from Here to Infinity
7/06/04
In LA's Miracle Mile area, Infinity Broadcasting Corporation signed a 10-year lease agreement for 64k sf of space at 5670 Wilshire Blvd, the landmark high-rise that for years was known as the Cal Fed building for that bank's ...
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• Shidler Says Seaview Later to Sorrento Mesa Office Complex
7/06/04
Here's another big office property sale from San Diego County, as The Shidler Group, in partnership with Angelo, Gordon & Co, has sold Seaview Corporate Center in Sorrento Mesa for $92.1 mil. The 353.1k sf ($261/sf), four-bu...
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• North Star Makes a Run for Governor
7/02/04
North Star Management, a California limited liability company, acquired Ten Governor Park, a 37.2k sf Class B office property at 5075 Shoreham Place, west of I-805 and north of the 52 Fwy in San Diego's University area. The t...
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• Jamison Grabs Universal City Office Property
7/02/04
We've been reporting about a number of larger San Fernando Valley office properties to trade hands of late and here's news of another, as Jamison Properties purchased The Centrum, a 137k sf building in Universal City. Located...
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• Carpenters Have Only Just Begun
7/01/04
Southwest Carpenters Pension Trust (SPCT) has begun construction on Gateway Pointe Industrial Park, a 1.6 msf industrial project on a 70-acre site at the intersection of Workman Mill and Mission Mill Roads, in unincorporated ...
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• Layton-Belling Sells Pair of Buildings at Santa Fe Springs Business Park
7/01/04
Owner/investor interest in industrial facilities in LA's Mid-Cities area shows no sign of slowing down, as we've got three more recent acquisitions from Santa Fe Springs, all in the $3 mil range, to review in this latest repo...
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• Guildcraft Crafts Pair of South Bay Industrial Transactions
6/30/04
Here's an update on a trio of bread-and-butter deal comps from the South Bay, with a couple of lease renewals and the purchase of an industrial building in Hawthorne. In Rancho Dominguez, Guildcraft of California signed a fiv...
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• Shidler Flips La Jolla Galleria at 88% Mark-Up after 18 Months
6/30/04
The Shidler Group has sold the La Jolla Galleria, a 54.3k sf, four-level office and retail building at 7777 Fay Ave, between Pearl and Prospect Streets in La Jolla, which they had purchased about 18 months earlier. The buyer,...
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• Broadway Comes to Wilshire Blvd
6/29/04
Broadway Real Estate Partners LLC (Broadway Partners), a NY-based real estate investment and management firm, has just purchased 9701 Wilshire Boulevard, a 12-story, 109.8k sf office building located in Beverly Hills. The ac...
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• Financing Notes
6/29/04
George Smith Partners, the highly regarded LA-based financing firm, has put together $145 mil of acquisition financing for a 750k sf, three-property retail portfolio in Los Angeles. The properties – La Habra Marketplace, Lake...
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• Downtown LA Revival Heads East
6/28/04
It seems that more and more developers, investors and city boosters are taking the growing revival in downtown Los Angeles very seriously. And they're also taking it eastward. A couple of recent articles in the LA Times by Ro...
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• Homestead-ers to Remain in Anaheim; LAPCO Signs Two Tenants in Santa Ana
6/28/04
In this report we'll take a look at some recent industrial leasing activity from Orange County, starting in Irvine, where SAK Management, a sports apparel company, leased 80k sf of space for its corporate HQ and distribution ...
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• Flexible Investment of $6 Mil Provides Excellent NOI
6/25/04
Affiliated companies Natural Oils International (NOI) and Flexible Alternatives Inc have sold their existing Arleta facility and acquired a 43k sf building in Simi Valley for relocation of their headquarters. The transactions...
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• American Home Loans Expands Its Home in South Coast Metro Area
6/25/04
American Home Loans, a national mortgage lender, has inked a deal in Orange County's South Coast Metro area that will give them 50k sf of space at Equity Office Properties' Griffin Towers, a 540k sf office complex. The five-y...
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• Phoenix Rises at South Coast Corporate Center
6/24/04
The University of Phoenix will relocate its Fountain Valley Learning Center to Costa Mesa after signing a lease to occupy 46.5k sf at the South Coast Corporate Center. The seven-year deal has a total value of $7.8 mil, or abo...
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• Prentiss Properties Bets $18 Mil on a Bluff
6/24/04
A Prentiss Properties entity out of Dallas, TX has paid $17.7 mil for a 68.6k sf ($258/sf) Class A office property in Rancho Bernardo. Called The Bluffs, the four-story building is located at 16870 W. Bernardo Dr, south of Ra...
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• San Diego Community College District Passes Leasing Course in Kearny Mesa
6/23/04
Flextronics Design, a major contract manufacturer, inked a lease for 26.5 sf of office space in Rancho Bernardo, after signing a five-year, $2.3 mil deal ($1.45/sf/mo). The firm's new space is at 17075 Camino San Bernardo, b...
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