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• Property Management Notes
3/08/05
Orange County-based RiverRock Real Estate Group has added another 694k sf of office space to its rapidly growing management portfolio. These latest seven properties were awarded by the Shidler Group, a San Diego-based real es...
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• ZMI Awarded Academy Building for $35 Mil
3/08/05
The Academy, the eight-story, 174k sf office tower at 5200 Lankershim Blvd in North Hollywood, was purchased by ZMI Real Estate for $35 mil, or just over $200/sf. Built in 1989, the building is situated at the northeast corne...
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• 32-Acre Land Buy Gives Sares*Regis Triple Play in Rialto
3/07/05
Irvine-based Sares*Regis Group acquired a 32-acre site in the Inland Empire city of Rialto, on which the company plans to develop a 383k sf warehouse/distribution facility. The site, a former vineyard, was purchased from an i...
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• Yorba Linda Office Sale is Okidoki
3/07/05
A 27.6k sf Newport Beach office building, at 4220 Von Karman Ave, between MacArthur Blvd and Campus Dr, sold for $7.2 mil ($261/sf). The buyer, West Coast Accommodater Inc, will occupy a portion of the two-story multi-tenant ...
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• Maguire Reaches Agreement for $185 Mil Buy of San Diego Tech Center
3/05/05
Maguire Properties (NYSE:MPG), the big LA-based office REIT led by Rob Maguire, has teamed up with RREEF for another major SoCal office buy. The partnership has agreed to pay $185 mil for the San Diego Tech Center, a 647k sf ...
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• Developer to Build Pair of Newcastles in Fontana
3/04/05
Newcastle Partners has begun construction on a pair of new projects that will add a combined 450k sf of state-of-the-art industrial buildings in the Inland Empire community of Fontana.
One of the developments, a three-build...
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• Downtown San Diego Lease is a Work of Arte
3/04/05
Countrywide Home Loans inked a five-year, $3.7 mil sublease for 16.8k sf ($3.67/sf/mo) of office space at Del Mar Corporate Centre. The building is at 12340 El Camino Real, east of I-5 and south of Del Mar Heights Rd in the T...
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• Chula Vista Investor Exchanges $12.7 Mil for 162k sf Industrial Property
3/03/05
A 162.6k sf multi-tenant industrial building in the city of Chula Vista was acquired by a local 1031 exchange buyer for $12.745 mil ($78/sf). The building is at 2400-2402 Main St, between I-5 and Broadway, a short distance ea...
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• March 2, 2005 -- Sares*Regis.. Righteous
3/02/05
Over the past few months, we've noticed several individual stories about Sares*Regis buying properties and planning projects, prompting us to put together this synopsis of the various projects.
We'll start by letting you kno...
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• Downtown LA Land Buy is Second of Dynamic Duo
3/02/05
LA-based Dynamic Builders acquired a 6.6-acre parcel in Los Angeles, near Cal State LA, for $3.4 mil ($12/sf). The site, located at 4671 Worth St, is situated near the I-10 and I-710 Interchange. It is one of the few remainin...
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• Fullerton Investment Market Gets Medical Attention
3/01/05
An investment group purchased a 23.4k sf medical building at 2240 North Harbor Blvd, north of Bastanchury Rd in Fullerton, as a leased investment. The buyers, Seaside Rancho Inc and Lynda L. Ward Trust, paid $9.21 mil ($393/s...
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• Rancho Dominguez Facility Sells for $4 Mil
3/01/05
Chicago-based First Industrial Realty Trust acquired a 73k sf distribution/HQ facility in Rancho Dominguez, after paying $4 mil ($55/sf) for a building on 4.5 acres of land at 200 W. Artesia Blvd, just north of the 91 Fwy. Th...
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• Broadway Partners Rounds Up Wilshire Rodeo Plaza
3/01/05
There's been some major sales activity in Beverly Hills, as a pair of pricey office properties recently changed hands in separate transactions. In one of the deals, a NYC-based partnership picked up the 265k sf Wilshire Rodeo...
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• Basslamp Invests in Moreno Valley
2/28/05
Basslamp Ventures, an entity of AMC Investments, acquired Moreno Corporate Center, a 199.6k sf office/industrial complex located at 22690 Cactus Ave, 14300-40 Elsworth St and 22620-40 Goldencrest Drive in the Moreno Valley ar...
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• Micro Solutions Leases Large Space in Van Nuys
2/25/05
Rexford Industrial LLC has acquired a 113.7k sf industrial building located at 15148 Bledsoe St, south of the 210 Fwy and east of I-5 in Sylmar, in one of the largest industrial sales in the San Fernando Valley over the past ...
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• $11 Mil La Mirada Buy Adds Cornerstone to LBA's Portfolio
2/25/05
LBA Realty recently closed on another industrial acquisition, having paid $10.65 mil for a 135.3k sf ($79/sf) industrial building located at 14930 Alondra Blvd, between Stage Rd and La Mirada Blvd in the city of La Mirada. Th...
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• Mammoth Financing Notes
2/24/05
The LA office of Holliday Fenoglio Fowler has arranged a $79.5 mil construction loan for the development of phase one of 8050 Private Residence Club, a luxury private residence club in Mammoth Lakes. Located directly across f...
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• Office Renewals are the Law in Irvine
2/24/05
Three prominent law firms recently inked long-term leases in the city of Irvine in deals for a combined 79.1k sf of space and a total consideration of around $15.4 mil. CBRE Senior Vice President Kevin Bender represented the ...
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• Westcore Plucks Sunflower in SD's Miramar Area
2/23/05
Westcore Distribution LLC, an affiliate of Westcore Properties LLC, has acquired a 47.7k sf industrial building for $1.8 mil ($38/sf). The seller was New York-based Sunflower Properties Inc. The multi-tenant, warehouse/dist...
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• Two Torrance Office Buildings Trade for $10 Mil
2/23/05
Telo Medical Center LLC has acquired a pair of Torrance office buildings for a combined $10 mil. The buildings contain a total of 80k sf ($125/sf) of space and are located at 23600 and 23610 Telo Ave, north of Lomita Blvd be...
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