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• Palomar Pomerado Health Picks Up Rancho Penasquitos Site
7/06/05
Palomar Pomerado Health (PPH) has purchased the 4.46-acre Maranatha Christian Schools site at 12855 Black Mountain Rd, adjacent to Highway 56 in the Rancho Peñasquitos community. The price was $6.9 mil ($35.50/sf).
The prope...
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• New Office of Newmark Brokers Newbury Park Sale
7/06/05
A 35.2k sf free-standing single-tenant industrial building at 1415 Lawrence Dr, north of the 101 Fwy in the Ventura County community of Newbury Park, was sold at a price of $3.34 mil ($95/sf). The building was sold by Lawrenc...
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• Investors Acquire Fashion District Building in Downtown LA
7/05/05
DNR Bros paid $1.24 mil for a 5.4k sf ($230/sf) structure located at 832-840 Spring St, where Spring and Main streets converge in Downtown Los Angeles. The two-story building, situated at the gateway to LA's Fashion District...
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• The Buzz Over Riverside
7/05/05
By Steve Bloom
It is often the case that a place develops an image that is tough to shake, but many times rebirth and rejuvenation are taking place and the image is just too slow to keep up. That is definitely the case with ...
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• Transwestern to Develop Spec High-Rise in Irvine
7/01/05
Prospective tenants nosing around Irvine for what has been a declining amount of available top-notch office space will soon have a new Class A tower to add to their list of building candidates. That's because Transwestern Com...
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• Prometheus Inks 100k sf Mil Sorrento Mesa Lease
7/01/05
Prometheus Laboratories, a specialty pharmaceutical company, leased a 99k sf R&D facility within Canyon Ridge Technology Park. The property is at 9410 Carroll Park Dr, south of Mira Mesa Rd and east of I-805. While we don't h...
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• McLane Takes 29-Acre Site at LNR's Meridan
7/01/05
McLane Food Services, a wholly owned subsidiary of Berkshire Hathaway Inc (NYSE:BRK), is relocating its Southern California operations within the Inland Empire, from Ontario to Riverside. McLane purchased a 29-acre lot at Mer...
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• Jamison Spends $68 Mil Shopping at Del Amo
6/30/05
There were a couple of very notable office property sales in the South Bay community of Torrance, as both Jamison Properties and Amstar Group recently closed on acquisitions in the area, with a combined value of about $88 mil...
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• New Riverside Office Project Should Spruce up the Area
6/30/05
Another new office project in Riverside is underway, as the Magnon Companies has begun construction on a new, five-story, 77.7k sf, Class A office building to be located on the northwest corner of Spruce and Iowa Avenues in t...
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• Biosite Buys a Site in Sorrento Mesa
6/30/05
Biosite Incorporated (Nasdaq:BSTE) has purchased 17.7 acres of land located near the southwest corner of Camino Santa Fe and Mira Mesa Blvd, within H.G. Fenton Company's Fenton Technology Park in Sorrento Mesa. Biosite paid $...
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• Owner/Users Continue to Invest in San Fernando Valley Industrial Facilities
6/29/05
A highly improved 207.1k sf industrial facility in Sylmar was acquired by the principals of a Los Angeles area distributor of housewares for $16 mil ($77/sf). The property is at 13955 Balboa Blvd, north of the intersection of...
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• Riverside Grows Its Own Grove
6/29/05
It looks like developers in the Inland Empire will build their own version of The Grove in the city of Riverside. Unlike the wildly popular retail/entertainment development that Rick Caruso built in LA's Fairfax area, this Gr...
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• Ryan Companies Working on an Expanding RiverView in Santee
6/28/05
Ryan Companies is preparing to develop phase II of RiverView at Santee, a 1.9 msf master-planned mixed-use campus on more than 100 acres in East San Diego County. The project, which will encompass technology, R&D and office s...
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• Recent Deals Fill 140k sf at Westwood Tower
6/28/05
Four recent leases for almost 140k sf have brought the 576k sf Class A office tower at 10960 Wilshire Blvd to over 75% leased. These latest deals were with Sony Pictures Entertainment (77k sf), InfoSpace (25.1k sf), the law f...
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• Carson Office Building Trades for $25 Mil
6/28/05
Centre Pointe LLC, a Santa Barbara-based private investment group, purchased Centre Pointe, a 184.4k sf office/flex business park in the city of Carson. It was sold by Westcore, out of San Diego, in a transaction valued at $2...
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• Dr. Lee Gives Out $14 Mil Worth of Medical Attention
6/27/05
A South San Francisco-based private investor purchased Royal Airport Center, a 214.2k sf office building located at 5933 W. Century Blvd, between Aviation and Sepulveda Blvds, near Los Angeles International Airport. The trans...
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• Camarillo and Moorpark Investment Properties Each Sell for $3.6 Mil
6/27/05
An investor acquired a 65k sf industrial building in Camarillo for $3.6 mil ($55/sf). The building, which is currently designed for single-tenant use, will be re-positioned for multi-tenant use. Redevelopment of the property,...
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• $41 Mil Buys Two Beverly Hills Office Properties
6/24/05
Two Beverly Hills office properties traded hands recently in separate transactions with a combined value of over $41 mil. Both deals were brokered by Bob Safai of Madison Partners.
In the larger transaction, Real Estate Capi...
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• Nikon Focuses on El Segundo Class A Space
6/24/05
Nikon, the internationally renowned optics company, inked a seven-year NNN lease for 20k sf of ground floor Class A office space at 841 Apollo St, north of Rosecrans Ave between Sepulveda and Aviation Blvds. Although the deal...
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• $11.6 Mil Sale Becomes First Industrial Deal in Otay Mesa
6/24/05
First Industrial Realty Trust, the national industrial property developer/owner, acquired a 205k sf warehouse facility at 1855 Dornoch Ct, northwest of Hwy 905 in Otay Mesa, for $11.6 mil ($56.50/sf). The property is adjacent...
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