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Liquid Container Solidifies $2.4 Mil Lease in Rancho Cucamonga 9/29/04 Liquid Container, a Chicago-based manufacturer of plastic bottles, inked a five-year $2.4 mil lease for 100k sf ($0.40/sf/mo) of warehouse space at 11555 Arrow Hwy in Rancho Cucamonga. The space will serve as overflow warehou...
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Quest for more Space Leads Firm to Sign 15-Year Expansion Deal in Chatsworth 9/28/04 Quest Diagnostics Inc, a national provider of diagnostic testing services, inked a 15-year, $10 mil expansion lease for an additional 38.8k sf ($1.42/sf/mo) of space in the northwest San Fernando Valley, bumping up their tota...
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Hagar Pacific Collects $16 Mil from Sale of Hesperia Facility 9/28/04 SoCal-based Hagar Pacific Properties has recently been involved in a trio of newsworthy transactions, including the sale of the former Heilig-Meyers property in Hesperia, which they sold to an unnamed West LA-based private in...
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328k sf Lease is a New Industry Standard 9/27/04 Alabama-based Standard Furniture has signed a five-year lease to occupy 325.7k sf in a master-planned industrial center in the City of Industry currently under development by Majestic Realty, in a transaction valued at $8 mil...
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Investor Interest for San Diego-Area Buildings Remains Strong 9/27/04 A 29.5k sf office building in Mission Valley has sold for $4.4 mil, or about $149/sf. Located at 3636 Camino del Rio North, just west of I-15 and north of I-8, the 24-year-old building was purchased by a partnership of Momarf...
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Coppersmith Forges a $5.75 Mil Purchase in El Segundo 9/24/04 A couple of locally based businesses have acquired El Segundo buildings in unrelated transactions. In the larger of the two deals, Coppersmith Inc, an international transportation company, picked up a 40k sf office building f...
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Irvine Company to Pick Up another Downtown San Diego Office Tower 9/24/04 It looks like another downtown San Diego office tower is about to trade hands, as The Irvine Company has reportedly reached an agreement to purchase the 473k sf Wells Fargo Plaza for about $150 mil ($317/sf), per the Real Est...
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Latest Bug No Problem for Sunset Strip Building 9/23/04 A Beverly Hills-based investment partnership paid $6.4 mil for Carthay Circle Garden Plaza, a 21.8k sf ($294/sf) office building at 955 Carillo, between Olympic and San Vicente Blvds, a few blocks east of Beverly Hills. Built...
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Hair Club for Men Thins Out OC Office Market 9/22/04 K. Hovnanian Companies of California, one of the state's larger homebuilders, inked an eight-year, $4.3 mil lease for 32.3k sf ($1.39/sf/mo) of space at 2525 Campus Dr, between MacArthur Blvd and Jamboree Rd in Irvine. Phil C...
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Investors Pay $52k/Room for 80-Year-Old Hotel Near Downtown LA 9/21/04 L.A. Properties Investments paid $15.48 mil for the 294-room ($52.6k/room) Best Western Mayfair in Los Angeles. The deal had a 5.91 percent market capitalization rate.
The Best Western Mayfair Hotel sits on a 37k sf site a...
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Santa Fe Springs Warehouse Building is to Dye For 9/20/04 A 40k sf industrial warehouse property at 13528 Excelsior Dr in Santa Fe Springs was purchased by a locally based business for $3.6 mil, or about $90/sf. The buyer, L.A. Supply, is a 15-year-old dyestuffs and dyeing chemical ...
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TA Associates has a Ball in Anaheim 9/20/04 Boston-based TA Associates Realty recently closed on a $10 mil purchase of Ball Road Business Park, a 114k sf ($88/sf) multi-tenant office/R&D business park in Anaheim. The five-building complex is located at 701-741 East Bal...
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Carlsbad Building Gets Fresh Start with Latest Tenant 9/17/04 MediVas LLC, a biomedical company, signed an 80-month, $6.33 mil lease for 47.3k sf ($1.67/sf/mo) of biolab space in Carroll Vista Center. The building is at 6275 Nancy Ridge Dr, south of Mira Mesa Blvd and east of I-805 in S...
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SoCal Year-to-Date Lodging Sales Review 9/17/04 By Steve Bloom
Next to the airline industry, perhaps no other industry felt the economic effects of 9/11 as directly as the hotel industry. Remember the absolute cratering of any hotel sale or development deal right after th...
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Dolphin Partners Enjoys the Investment Waters in Orange County 9/16/04 In this report we'll track some recent office property sales from Orange County, starting in Laguna Hills, where Irvine-based Dolphin Partners picked up a 54.2k sf Class B building at 23461 South Pointe, west of I-5 and south...
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Alliant Sleeps Tonight at a New Building in Warner Center after Signing $6 Mil 9/15/04 Alliant Asset Management Company, a financial services firm, has nearly doubled its office space in Woodland Hills, after signing a $5.8 mil, 127-month lease for 19.8k sf ($2.31/sf/mo) of space at 21600 Oxnard St, next door t...
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CarrAmerica Pulls into Del Mar Heights with $35 Mil Purchase 9/15/04 CarrAmerica Realty Corp, the Washington DC-based REIT, closed on a sizable office buy in San Diego, after paying $35.6 mil for Corporate Plaza II, a 116.2k sf ($306/sf) office complex in Del Mar Heights. The low-rise property...
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Real Estate Partners Brokers $8.1 Mil Sale of Nevada Office Property 9/14/04 A Nevada-based real estate entity has sold three office buildings in Henderson, Nevada for $8.1 mil. The buildings, which total approximately 42k sf ($193/sf), are part of a multi-building professional office complex that the...
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Dollar Site Near LAX Fetches $14 Mil Dollars 9/14/04 Here are a couple of interesting sales comps from LA's South Bay region. In one of the deals, a Beverly Hills-based private investment group paid $14.3 mil for the 4.38-acre ($75/sf) site of a rental car operation near LAX. T...
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$7.5 Mil Investment Puts Rexford Industrial on Easy Street 9/13/04 Jamison Properties, the rapidly growing Mid-Wilshire-based office property owner led by Dr. Lee, just grabbed another West Valley office building, having paid $6.4 mil for Woodland Hills Plaza, a 48.3k sf ($132/sf) office bui...
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