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• Lennar Closes on Massive $649 Mil Heritage Fields Acquisition
8/05/05
One of the biggest SoCal land sales in history officially closed recently, as a joint venture of Lennar Communities and LNR Property Corp wrapped up escrow on their purchase of the 3,718-acre former El Toro Marine Corps Air B...
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• IDS Suspects Fowler Play in $15 Mil Conejo Spectrum Buy
8/05/05
San Francisco-based Fowler Property Acquisitions has acquired the final two parcels, totaling 15 acres and containing two buildings with 160k sf of office/R&D space, at the 100-acre Conejo Spectrum business park in Thousand O...
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• Santa Barbara Group Makes $25 Mil Carson Buy
8/04/05
A Santa Barbara-based investment group has acquired Centre Pointe, a three-building, 184.4k sf industrial/flex complex in the city of Carson, for $25.2 mil ($137/sf). The complex, which is located at 101-152 W. Walnut Ave, no...
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• Downtown Office Market Flying High after Golden Eagle Sale
8/04/05
In downtown San Diego, a subsidiary of Hines-Sumisei US Core Office Fund recently paid $116.8 mil for Golden Eagle Plaza, a 428k sf ($273/sf) building at 525 B St, about four blocks northeast of Horton Plaza. The 22-story tow...
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• Koll Company Sells Out New Irvine Spectrum Business Park
8/03/05
Koll Center, a new $27 mil office/light industrial business park designed for small-space users in the Irvine Spectrum, is completely sold out, as all 27 buildings are currently in escrow. The 140k sf project, developed by Ne...
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• Pro Moves
8/03/05
JAMES MAGOWAN: Johnson Capital has promoted James Magowan to the position of Director in the Los Angeles office. Magowan has been an analyst with the equity group of the company since March 2001. He has worked on several hu...
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• StoneCreek Floats Second Chino Hills Office Project
8/02/05
StoneCreek Company, a privately held real estate development firm based out of Orange County and San Diego, has broken ground on Crossroads Professional Center, a two-story, 40k sf medical office building in Chino Hills. The ...
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• Irvine Industrial Condo Project Sells Out
8/02/05
Turnberry Associates has sold out Irvine Center Technology Park, a seven-unit, 46.1k sf industrial condo development located at 73, 75 and 77 Bunsen and 8909, 8929, 8949 and 8889 Irvine Center Dr, just south of the El Toro “Y...
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• August 1, 2005 - $3.8 Mil Industrial Lease in Van Nuys Sounds Good to Acoustical Material Services
8/01/05
Acoustical Material Services (AMS), a Los Angeles-based contractors supply company, inked a $3.8 mil, 10-year lease for 38.2k sf ($0.83/sf/mo) of industrial space in Van Nuys, as its San Fernando Valley distribution hub. The ...
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• Montebello Distribution Park Trades for $8.7 Mil
7/29/05
TA Associates Realty acquired Beach Distribution Park in Montebello from local investor/developer Davis Partners. The 100% leased industrial park, which consists of two multi-tenant industrial buildings totaling 133.5k sf on ...
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• Kearny/Morgan Stanley Partnership Knows Vought to Do with 92-Acre Hawthorne Property
7/29/05
MS Kearny Northrop Avenue LLC, a partnership led by Kearny Real Estate Company and Morgan Stanley Real Estate Fund V, has acquired a 92-acre, 2.68 msf manufacturing facility in Hawthorne from Vought Aircraft Industries for $6...
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• Poway Park Sells for $16 Mil
7/28/05
Napoli Business Park, a 112.1k sf, six-building R&D/office/industrial park in Poway traded hands at a price of $16.2 mil ($144.50/sf). The property, which is located 12720-12860 Danielson Ct, north of Scripps Poway Pkwy and w...
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• Ventura County Industrial Facilities Trade Hands
7/28/05
Principals of Kidney Center Inc have paid $3.3 mil to acquire a totally refurbished, highly improved 37k sf ($89/sf) manufacturing/distribution facility at 50 Moreland Rd in Simi Valley. The company, which operates kidney dia...
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• SoCal Pro Moves
7/27/05
JAMES MADDOX: James Maddox has joined Gramercy Capital Corp to head up the company's first regional office in Los Angeles. The new office is part of Gramercy's ongoing build-out of its national lending and investment platform...
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• Mohawk Cuts Deal for 849k sf Facility at ProLogis' Fontana Park
7/27/05
Mohawk Industries, one of the world's largest manufacturers and distributors of floor coverings and related accessories, has agreed to a long-term lease for an 849k sf build-to-suit distribution facility at ProLogis TransPark...
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• Rockwell Collins Inks Un-Commons Lease for Entire Tustin Office Complex
7/26/05
Communications and aviation electronics company Rockwell Collins will consolidate its Costa Mesa, Pomona and Tustin-based operations at Tustin Commons, after signing a 10-year lease for the entire 213k sf suburban office comp...
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• Sunroad to Develop 1 msf Kearny Mesa Office Project
7/26/05
San Diego-based Sunroad Enterprises plans to begin construction this October on the first phase of Sunroad Centrum, a three-building, 1 msf Class A office park that will be built on the former General Dynamics site in Kearny ...
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• Kilroy Reaches Pinnacle at El Segundo Building
7/25/05
A 6.8k sf Torrance office building was purchased by a local investor for $1.6 mil ($235/sf). The 28-year-old building, which is located at 2500 Pacific Coast Hwy, east of Crenshaw Blvd near Lomita, was vacant at the time of t...
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• EOP Gets an Earthlink to More Tenants
7/25/05
We brought you some news in the past few weeks (check exact date) of some leasing deals that closed at 10960 Wilshire Blvd, the 24-story, 576k sf high-rise owned by Equity Office Properties at the SE corner of Westwood Blvd. ...
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• Pro Moves
7/22/05
SCOTT KAPLAN: At CB Richard Ellis, Scott Kaplan, Senior Managing Director for the firm's Inland Empire Region since 2002, has been tapped to lead the West Region for Retail Property Services as Senior Vice President, Managing...
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