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• Insurance Firm is Lease-ING 73k sf HQ Space in El Segundo
6/17/04
ING North America Insurance Company has inked a lease for a new HQ location in the South Bay as part of the company's West Coast expansion. ING is taking the 11th, 12th and 14th Floors in the Pacific Corporate Towers, locate...
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• Triple Net Completes $274 Mil Triple Play in Downtown San Diego
6/16/04
Triple Net Properties LLC has just completed what is reported to be the largest office building sale in San Diego history, after paying $274.5 mil for three downtown high-rise buildings with a combined 1.16 msf ($237/sf) of s...
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• Layton-Belling Takes a Village
6/16/04
Layton-Belling & Associates purchased Village Business Park, a 445k sf industrial park at 7000-7150 Village Dr, east of Knott Ave and south of Artesia Blvd, adjacent to I-5 in Buena Park. The property, which sold for $41.5 mi...
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• Newport Beach Firm Grabs Long Beach Office Property
6/15/04
WRA Real Estate Investment Company, a Newport Beach-based private investment group, paid $16.9 mil for a 129.5k sf ($130.50/sf) office building in downtown Long Beach. The property, which was sold by Larkspur-based Fowler Fla...
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• ScanlanKemperBard Rides Off into the Sunset Tower
6/15/04
Sunset Tower, the 36-year-old, 14-story office tower at 6430 Sunset Blvd in Hollywood, is about to trade hands. Per a recent piece in Real Estate Alert, ScanlanKemperBard has agreed to pay $35 mil for the 206k sf ($170/sf) hi...
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• June 14, 2004 - $11 Mil Anaheim Industrial Deal is the Gospel Truth
6/14/04
The Foursquare Gospel Church agreed to a 10-year, $11 mil lease for the 130.6k sf ($0.70/sf/mo) former MTI Technology Corporation headquarters, owned by Catellus Development Corporation. The deal, which is reported to be one ...
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• Layton-Belling Wraps Up $27 Mil Sorrento Mesa Office Buy
6/11/04
Layton-Belling Associates acquired three office buildings, with a combined 177.1k sf of space, in Sorrento Mesa for $27.4 mil ($155/sf). The buildings were sold by W9/PC Limited Partnership, a joint venture between WCB Proper...
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• Conejo Spectrum Signs Up Power Partners
6/11/04
Here's an update on a pair of recent Ventura County industrial transactions, one a lease in Thousand Oaks while the other is a sale from Oxnard.
We'll lead off with the lease, as Power Partners, a Thousand Oaks-based transpo...
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• Big 5 Leases Big 1,000,000 in New Riverside Facility
6/10/04
Another monster distribution project is about to get underway in the Inland Empire, as Panatonni Development is planning to break ground at then end of the month on a 1 msf facility for Big 5 Sporting Goods within the Sycamor...
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• A Tour of El Toro
6/10/04
By Steve Bloom
All of Orange County has been following the progress of the sale of the land comprising the closed Marine Corps Air Station El Toro, which was christened Heritage Fields. We last wrote a piece about it last Oc...
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• Local Investor Makes $10 Mil Industrial Buy in San Gabriel Valley
6/09/04
Industry Hills Business Park, a 150k sf industrial/retail center in the City of Industry was purchased by a San Gabriel Valley investor for $10.225 mil or about $68.2/sf. Located at 15940-15956 Amar Rd, between Hacienda Blvd ...
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• Crest Brushes Up Its Investments with $16 Mil Purchase of Poway Facility
6/09/04
Crest Partners, a San Diego-based investor, purchased Parkway Centre One, a 126.7k sf R&D/light manufacturing building in the Poway area of San Diego. The fully leased property, located at 14100 Danielson St, at Scripps Poway...
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• Property Management Update
6/09/04
CHARLES DUNN COMPANY:
The LA office of Charles Dunn took over management of seven Von's supermarket properties in SoCal, with a combined total of 535k sf. The properties are located at: 185 East 17th St in Costa Mesa (75k sf)...
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• Lockheed Martin Parks Itself at Skypark for another 52 Months
6/08/04
Looking for more office lease comps from San Diego County? Here are four more recent deals, two of which are in downtown San Diego. In the larger transaction, Gafcon, a construction management firm, agreed to a 10-year, $3.92...
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• Interpublic Ad Firms Take 146k sf at Pacific Design Center
6/08/04
We've got a few fresh Westside leases that just closed to report, starting with the big $40 mil deal signed by The Interpublic Group of Companies (“IPG”) for 145.5k sf of space at 700 San Vicente Blvd, the massive green build...
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• CT Realty on a Mission in Riverside
6/07/04
It was only within the past few months that we highlighted the availability of Mission Square, the six-story office building at 3750 University Ave then owned by Kilroy Realty. This past week we got the release announcing tha...
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• Beverly Hills Office Buildings Draw Investor Appeal
6/04/04
There has been a pair of Beverly Hills office property sales in recent weeks, with a combined deal value of over $15 mil. In the larger transaction, an investment entity purchased a 63k sf office building at 8447 Wilshire Blv...
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• San Clemente Office Building Sells for $8 Mil
6/04/04
Sunset Highland LLC purchased The Courtyards at Talenga, a 20k sf medical office building at 1031 Avenida Pico, north of Calle Del Cerro in San Clemente. The two-story structure, partially occupied by Mission Hospital, was s...
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• Warehouse Firm Sinks into Elkay Space in Chino
6/04/04
Warehouse Technology Inc, a third-party logistics provider has signed a three-year sublease with Elkay Manufacturing to take over a 100k sf industrial building in the Monte Vista Spectrum Business Park in Chino, in a transact...
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• Watson Adds Broadband at Its Industrial Center South
6/04/04
In this report we'll catch up on a few recent deals in LA's South Bay region from the past month or so. In one of the transactions, Watson Land Company leased another big chunk of space in its Watson Industrial Center South, ...
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