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• Glendora Courtyard Sells for $10 Mil
2/22/05
An entity of Equity AG Financial Inc purchased Glendora Courtyard, a 60.4k sf office park in the city of Glendora, for $10.1 mil ($167/sf). The complex consists of two, two-story multi-tenant buildings on 2.6 acres of land at...
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• Centex Builds $18 Mil Corona Lease
2/22/05
A 15.64-acre site in the Inland Empire city of Murrieta was purchased by a Newport Beach developer for nearly $5 mil ($7.34/sf). The buyer, Jefferson Business Center LLC, plans to build what will be one of the largest small b...
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• T-I-C Buyer Makes $50 Mil City of Commerce Purchase
2/18/05
Argus Realty Investors LP, a San Juan Capistrano-based tenant-in-common buyer, purchased Commerce Office Park, a 285.4k sf office project in Los Angeles. The transaction was valued at $50 mil, or about $175/sf.
The five buil...
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• Lots of Action! at LA Center Studios
2/18/05
Los Angeles Center Studios (LACS) has inked six long-term leases with new tenants in deals for a combined 31k sf of space at the full-service studio complex. These latest deals are with Maya Cinemas (theater circuit)/Esparza-...
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• Santa Fe Springs Seller Cooks Up $7.8 Mil Deal with L.A.R.D.
2/17/05
A four-story, 54.3k sf office building at 14241 Firestone Blvd in the city of La Mirada was purchased for $8 mil ($147/sf). The property is located within La Mirada Gateway Corporate Center, east of Valley View Ave and adjace...
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• We Hear about 500-Acre Foreign Trade Zone Through the Grapevine
2/17/05
Tejon Ranch Company (NYSE: TRC) and Rockefeller Group Development Corporation (RGDC) have teamed up in a joint venture at Tejon Industrial Complex (TIC), at the foot of the Grapevine off of I-5 in Southern California, in whic...
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• Property Management Notes
2/16/05
Building Owners and Managers Association of Greater Los Angeles [BOMA-GLA] is moving forward on a comprehensive and highly-focused public safety plan to coordinate planning, communication and training efforts between emergenc...
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• Einstein Sublease a Stroke of Genius for Sorrento Mesa Sub-landlord
2/16/05
Richmond American Homes inked a 60-month lease of 18.7k sf of office space in San Marcos for approximately $2 mil ($1.78/sf/mo). Located at 570 Rancheros Blvd, east of Twin Oaks Valley Rd and north of the 78 Fwy in San Marcos...
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• JP Morgan Drives Bentley to $130 Mil Year-End Deal in Warner Center
2/15/05
Here's a follow-up to a big San Fernando Valley office sale we had reported as being in the works back in October of last year, as JP Morgan Fleming Asset Management closed on its $130 mil purchase of 21st Century Plaza in Wo...
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• BKM to Develop Industrial Condo Project in Costa Mesa
2/15/05
BKM Development, an Orange County-based developer, has acquired three Costa Mesa industrial buildings, totaling 162.1k sf of space, for $16.2 mil ($100/sf). The properties are located at 3189-3193 Redhill Ave, south of the 40...
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• $13 Mil Kontron Sublease in Poway Heads SD Industrial Deal Review
2/14/05
Demand for industrial space throughout San Diego County remains very strong, as evidenced by the sampling of recent deal comps in this report. The first transaction we'll review was in Poway, where Kontron America signed an 1...
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• Oceanside Land Fetches $34.5 Mil
2/14/05
Here's a review of a pair of large sale transactions from San Diego County, with one being a land buy in Oceanside and the other being an industrial acquisition in Chula Vista.
The larger of the two deals was in Oceanside, w...
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• Porsche Powers Ontario Build-to-Suit Deal
2/11/05
Tofasco of America Inc, based out of La Verne, purchased Portico Distribution Center, a 72k sf industrial building in Rancho Cucamonga, for $5.1 mil ($71/sf). The property is at 9570 Santa Anita Ave, east of I-15 and north of...
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• February 11, 2005 - Lennar Looks for another Base Hit
2/11/05
It looks like the 3,718-acre former MCAS El Toro Navy base, now called Heritage Fields, is finally close to being sold by the Navy to private developers, and it appears Lennar Corp, the massive FL-based home builder with a ma...
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• Buyer Gets an A for $89 Mil SD Office Tower Pick-Up
2/10/05
The 320k sf office tower at 110 West A St in downtown San Diego was purchased for $88.56 mil, or about $277/sf. Situated four blocks north of Broadway in the heart of the city center, the 18-story high-rise, known as 110 Plaz...
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• Viking Cruises into 25k sf at New LNR Warner Center Building
2/10/05
Viking River Cruises, the world's largest river cruise line has agreed to a deal for 24.9k sf of space at Lennar Corp's yet-to-be-completed phase three of LNR Warner Center, taking the majority of the second floor at the new ...
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• Property Management Notes
2/09/05
RiverRock Real Estate Group, the Orange County-based commercial real estate management and leasing firm, was recently awarded three new assignments with a combined total of 399.6k sf of space. These latest contracts are from ...
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• Hankey Taps into Spinal Care Clinic to Lease up Marina Building
2/09/05
Hankey Investments recently signed a fairly large tenant at The Marina Business Center I, a 265k sf office building that the company acquired about one year ago. In this latest deal, Diagnostic and Interventional Spinal Care ...
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• NAI Capital Commercial Brokers Separation of Church and Estate
2/08/05
It looks like the brokers at NAI Capital Commercial have really been praying for business, as we've got a trio of recent church-related sales in SoCal to report, all of which were brokered, at least in part, by NAI Capital. I...
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• PRES Flexes Its Buying Power in $29 Mil Buy of Orthopedics Campus
2/08/05
The PRES Companies has purchased the 266.2k sf dj Orthopedics campus in Vista for $29.3 mil ($110/sf). The complex is located at 2980, 2985 and 3105 Scott St, at the intersection with Business Park Dr, and consists of three b...
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