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• Los Alamitos Investors end up in the Winners Circle
7/15/04
Orange County remains a popular market for investment activity, and we've got a number of recent sales to report as evidence of this continuing trend. Let's start in Tustin, where an investment group paid $4.3 mil for a 30.4k...
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• Developer Buys 47-Acre Banning Site for Mixed-Use Development
7/15/04
A 47.7-acre parcel in the heart of the Banning/Beaumont commercial area was purchased by Silverstone Development Company for $5.2 mil ($2.50/sf/mo). The site, which is near the Highland Springs exit off the I-10 and is locate...
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• Financing Notes
7/14/04
The Ratkovich Company and CIGNA Realty Investors have refinanced The Alhambra, a 38-acre, 1 msf office campus at 1000 South Fremont Avenue in the City of Alhambra. The $98.6 mil loan with Mass Mutual Financial Group was place...
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• Canyon Johnson and New Pacific Put SBC Center on the Block
7/14/04
SBC Center, the three-building downtown Los Angeles complex formerly known as Transamerica Center, is on the market again, only about a year after it last traded hands. Actually, only two of the three buildings, at 1149 South...
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• Equity and Teachers Set to Close on $450 Mil Purchase of Colorado Center
7/13/04
It looks like Tishman Speyer has found a buyer for its 1.1 msf Colorado Center office campus in Santa Monica. According to various reports, a partnership of Teachers Insurance and Equity Office Properties has agreed to pay so...
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• Computer Associates Expands at Howard Hughes Center
7/13/04
Okay, for those of you who want to keep up on all of the latest deals from LA's Westside, we've got a trio of recent transactions to help fill out your comp sheets. We'll start with the largest of the three transactions, as C...
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• Kilroy Closes a Very Intuit-ive Lease in Calabasas
7/12/04
There have been a few interesting transactions from the West San Fernando Valley in the last couple of weeks to get you caught up on. We'll kick off with some leases, starting in Woodland Hills, where the firm of Scanlon, Gue...
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• Industrial Owner/Users Pick Up San Fernando Valley Buildings
7/12/04
A pair of industrial buildings totaling more than 94k sf of space have recently been sold at a business park near the Van Nuys Airport in the San Fernando Valley. One of the buildings, a 60k sf facility at 7801 Hayvenhurst Av...
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• Central City Association Becomes 16th New Tenant this Year at 626 Wilshire Blvd
7/09/04
Central City Association, the downtown LA organization with over 450 member businesses, has inked a lease for 9.5k sf of space at 626 Wilshire Blvd, bringing the building's occupancy to 70%. This deal represents the 16th new ...
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• San Marcos Sale is a Lot of Bull
7/09/04
Sales activity throughout San Diego County continues at a brisk pace. In this latest report we'll rundown a number of recent sales comps, of office, industrial and land, from throughout the county.
We'll start in Carlsbad, ...
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• Weyerhauser Leaves Newmark on LA Industrial Market
7/08/04
Brokers at Newmark & Company recently closed a pair of large warehouse/distribution leases totaling 268.5k sf of space in the LA area. In one of the deals, Weyerhaeuser leased 152.5k sf of space in Mira Loma, while in the oth...
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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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