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• Greenberg Traurig Inks $12 Mil Expansion Lease in Santa Monica
9/15/05
The international law firm of Greenberg Traurig LLP has inked a six-year, $12 mil expansion lease at the Water Garden in Santa Monica, bumping up their space at the 17-acre Class A office campus by an additional 46.9k sf ($3....
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• Sorrento Mesa Office Lease Review
9/15/05
Raytheon Company has leased the entire 25.4k sf second floor of a 51.3k sf two-story building in Sorrento Mesa, in a $2.8 mil, five-year ($1.84/sf/mo) lease. The building sits on 2.8 acres at 9985 Pacific Heights Blvd, north ...
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• CB Team brokers Pair of Ventura County Industrial Sales
9/14/05
CB's Ventura County office recently brokered the sales of two industrial buildings in Ventura County. The deals had a combined value of over $4.4 mil.
In one of the transactions, Earle Properties paid $2.2 mil for a 25k sf (...
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• McMorgan Acquires San Dimas Office Campus
9/13/05
McMorgan & Company acquired Via Verde Corporate Plaza, a 142.2k sf office property located at 140-180 E Via Verde, west of the 210 Fwy and north of I-10 in San Dimas. Via Verde Venture LLC was the seller. The price was not di...
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• Boston Scientific Agrees to Pay $51 Mil for Bionic Mann
9/13/05
Advanced Bionics, a subsidiary of Boston Scientific Corporation, has inked a combined lease and build-to-suit agreement in the Mann Biomedical Park in Santa Clarita in a transaction worth roughly $51 mil. The medical device c...
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• Renovation of Obsolete Torrance Industrial Facility as Easy as AMB
9/12/05
AMB Property Corp has begun demolition work on a functionally obsolete 250k sf Torrance building, which is being repositioned to meet the needs of modern distribution tenants. The building sits on 18 acres at 1000 Francisco S...
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• Investor Interest in Downtown LA Properties Remain Strong
9/12/05
An investment entity paid $10 mil for two industrial buildings, totaling 78.3k sf ($128/sf), at 1701-1717 S. Figueroa St and at 622 W. 17th St. The buildings, which are located in the heart of the current redevelopment effort...
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• Tenant Makes $6.5 Mil Purchase of Its West SF Valley HQ Facility
9/09/05
FB Productions, a commercial printing, packaging and display company, has paid $6.5 mil for a 50.2k sf ($129/sf) HQ building in Chatsworth that the company has occupied for the past seven years. Located on three acres at 9450...
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• LBA Snares $17 Mil Miramar Business Park
9/09/05
LBA Realty paid $17 mil for Miramar Commerce Center, a five-building, 112k sf ($152/sf) business park located at 8902-8940 Activity Rd, just one block north of Miramar Rd. Completed in 1987 and 1997, Miramar Commerce Center i...
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• Empire Towers Trades from One CIP Partnership to Another
9/08/05
Irvine-based CIP Real Estate, in a joint venture with an affiliate of Guggenheim Real Estate, has acquired Empire Towers from the existing ownership structure of CIP Real Estate and South Charles Investment Corporation for $6...
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• Sares*Regis Fills Remaining Space at Hollister Center
9/08/05
Three companies have leased all of the remaining space in the newly renovated Hollister Center, a 106k sf corporate campus in Goleta, a town in the Santa Barbara area. These latest deals, which have a combined value of $6.5 m...
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• Birtcher Acquires Former Good Neighbor HQ for Home Furnishings Center
9/07/05
Birtcher Development and Investments, a Brandon Birtcher company, acquired the former State Farm regional HQ building located at 3333 Hyland Ave, north of the 405 Fwy and west of Harbor Blvd in Costa Mesa, for $29 mil. Birtch...
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• Brinderson Optum-izes Portfolio with $10 Mil OC Office Buy
9/07/05
Brinderson has acquired the Optum Building, a 46.5k sf Class A office building located at 3330 Harbor Blvd, just off the 405 Fwy in Costa Mesa. The single-tenant, three-story building was sold by Village Properties for $10.15...
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• Industrial Developers Turning their Attention to Moreno Valley
9/06/05
Industrial development has really been picking up in Moreno Valley, an Inland Empire community situated east of the I-215 off Hwy 60 in Riverside County. According to research from CB Richard Ellis, roughly 4.1 msf of industr...
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• Anaheim Industrial Facility Trades for $7.5 Mil
9/06/05
A private investment entity paid $7.46 mil for a substantially improved 90k sf ($83/sf) industrial building on 4.1 acres at 900 E. Arlee Place, north of Ball Rd and west of East St in Anaheim. The concrete tilt-up building, w...
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• Koll Acquires Site for Second Phase of Irvine Business Park
9/06/05
Newport Beach-based The Koll Company has purchased an 11.7-acre site in the master-planned Irvine Spectrum business center in Irvine and will use the land to build 47 for-sale office and light industrial buildings in the seco...
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• It's Party Time in Miramar
9/02/05
Classic Party Rentals Inc agreed to a 10-year, $4.7 mil lease for 72.3k sf ($0.54/sf/mo) of industrial space at 7069 Consolidated Way, east of I-805 and just south of Miramar Rd in San Diego's Miramar area. Consolidated, one ...
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• QUALCOMM Acquires Sorrento Mesa Office Complex for $30 Mil
9/02/05
QUALCOMM Inc, the San Diego-based digital wireless communications company, has purchased the three-building, 141k sf Pacific Point Business Park in Sorrento Mesa for $30.7 mil ($218/sf). The three buildings are 54.7k sf, 44.9...
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• Bristol Goes to Head of Class in $25 Mil LAUSD Lease
9/02/05
The Los Angeles Unified School District (LAUSD) has inked a lease for 117.1k sf of office space at 1055 West Seventh St in downtown Los Angeles. LAUSD, which currently occupies approximately 255k sf at Maguire Properties' We...
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• Riverside Attracting Biotech Firms to Its University Research Park
9/01/05
The City of Riverside, the County of Riverside and UC Riverside have formed a strategic partnership to promote a 56-acre campus project in Riverside, called University Research Park (URP), specifically designed for R&D and te...
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