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• Catellus has Cott a Big Tenant for Its New San Bernardino Distribution Center
8/27/04
Catellus Development Corp has signed a big lease at its San Bernardino distribution center, as Cott Corporation, the global supplier of soft drinks for retailers, inked a seven-year, $6.5 mil lease for 278.5k sf ($0.28/sf/mo)...
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• Guthrie Closes $11 Mil Industrial Buy in Irvine
8/26/04
In this report we'll take a look at a number of recent industrial sales comps from around Orange County. We'll lead off with a sizable deal, as Guthrie Development picked up a 121.6k sf facility at 2152 Alton Pkwy for $10.9 m...
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• WMC Mortgage Corp Signs Lease for 195k sf at Burbank Office Campus
8/26/04
WMC Mortgage Corp, the Woodland Hills-based mortgage lender, will be relocating from one end of the San Fernando Valley to the other, in Burbank, after inking a 10-year lease for 195k sf of office space at Media Studios North...
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• Carlsbad Owner Celebrating Latest Lease with Two Jinn
8/25/04
Artes Medical, a pharmaceutical and medical device company, inked an 84-month, $5.4 mil lease for 34.8k sf ($1.85/sf/mo) of R&D space in Pacific Mesa Business Centre. The property is at 5870 Pacific Center Blvd, east of I-5 a...
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• RREEF Wraps Up Purchase of Phases I and II at Summit Office Campus
8/25/04
We just got the final word on a major deal that we reported was in the works a couple of weeks or so ago, that being the sale of Phases I and II at the Summit Office Campus in Aliso Viejo. The five, low-rise buildings are par...
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• Exchange Investor Buys on Hawaii and Ends Up in El Segundo
8/24/04
In a recent El Segundo office sale, a 50.8k sf building at 601 Hawaii St was purchased by a 1031 exchange investor for $13 mil ($256/sf). The building was constructed in 2003, sits on 3.11 acres and is fully occupied by DaVit...
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• Master Development Pays over $11 Mil for Closer View of Angels Games
8/23/04
Master Development Corporation has acquired Stadium Collection, an 11-building, 68.8k sf office complex in the city of Orange, in a transaction valued at $11.7 mil ($170/sf). The property is located at 2019-2211 W. Orangewood...
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• Specialty Labs Begins Relocation to New Valencia Facility
8/20/04
Marcus Adams LLC, a Ventura-based investment group, closed on a $5.7 mil acquisition of a 75k sf ($76/sf) industrial building in Valencia. The two-story concrete tilt-up building is located at 29101 The Old Road and was vacan...
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• Birtcher Anderson Makes $58 Mil Investment in Santa Ana Civic Center
8/20/04
Laguna Niguel-based Birtcher Anderson Realty LLC recently completed a major acquisition in the region, having paid $58 mil for the Santa Ana Civic Center Portfolio, a 378.7k sf ($153/sf), three-building office portfolio. Loca...
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• Ratkovitch Relocates HQ into Recent Downtown Acquisition
8/19/04
The Ratkovich Company, the LA-based investment/development firm led by Wayne Ratkovitch, has relocated from 4525 Wilshire to 800 Wilshire, the 16-story, 213.5k sf office building in downtown LA that the company acquired for $...
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• Investor Picks Up 29k sf Carlsbad Office Building
8/19/04
In a Carlsbad sale, an investor acquired Camino Corporate Center, a 28.8k sf office building at 2385 Camino Vida Roble in Carlsbad, for $4.7 mil ($163/sf). The building sits on 1.7 acres midway between McClellan Palomar Airpo...
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• Mission Viejo Medical Office Portfolio Sells for $95 Mil
8/18/04
Chicago-based LaSalle Investment Management purchased a 287.2k sf portfolio of medical office properties in Mission Viejo for $95.5 mil ($332/sf). Known as the Mission Medical Center Portfolio, it consists of five single-tena...
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• Western Saddlery Gallops into Bigger Facility in Irwindale
8/18/04
Western Saddlery Inc acquired a 53.7k sf. industrial building in Irwindale as part of a two-phase transaction for a four-fold expansion from nearby Baldwin Park. The company, a provider of products to the thoroughbred race ho...
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• Layton-Belling Sees Opportunity on the Vista
8/17/04
Layton-Belling & Associates (LBA), through its LBA Realty Fund, has acquired five industrial buildings in Vista containing in excess of 200k sf in two separate deals worth a combined $21.7 mil ($108.50/sf). The acquisitions ...
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• Commerce Buyers are in the Bag
8/17/04
We just got word of a couple of unrelated industrial sales from the City of Commerce. In one transaction, an investment group advised by Investment Development Services (IDS) acquired a four-building, 172k sf industrial compl...
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• Jones Day Makes it a Good Day for Arco Plaza
8/16/04
Thomas Properties just inked another major lease at Arco Plaza in downtown Los Angeles, as the law firm of Jones Day signed a 15-year lease for 163.7k sf at the 2.7 msf office complex that Thomas acquired in January of 2003. ...
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• Investor Snaps Up West Covina Office Park for $14.4 Mil
8/16/04
A locally based investment firm acquired a 115.6k sf multi-tenant office park in West Covina for $14.4 mil ($124.50/sf). The property, Cameron Court Office Park, is located at 1501 W. Cameron Ave, west of Sunset Ave and south...
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• Shidler Makes $62 Mil Portfolio Buy in Sorrento Mesa
8/13/04
The Shidler Group has paid $61.9 mil for a 15-building portfolio of R&D buildings in Sorrento Mesa. The properties, which encompass a total of total 438.1k sf ($141/sf) and are approximately 75% occupied, are located within t...
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• Westfield to Add New Gateway to Its Popular Century City Shopping Center
8/12/04
Westfield, the Australian-based international shopping center owner, is reportedly about to acquire the 240k sf Gateway West office building in Century City in a deal that is expected to close in August. According to sources ...
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• Kearny Mesa Office Property Sells for $33 Mil
8/11/04
Sales activity in San Diego County continues to sizzle, as we've got news of a number of major transactions to report from just the last couple of weeks, since wrapping up our huge San Diego Hot Transactions Executive Subscri...
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