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• Renovation of Obsolete Torrance Industrial Facility as Easy as AMB
9/12/05
AMB Property Corp has begun demolition work on a functionally obsolete 250k sf Torrance building, which is being repositioned to meet the needs of modern distribution tenants. The building sits on 18 acres at 1000 Francisco S...
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• Investor Interest in Downtown LA Properties Remain Strong
9/12/05
An investment entity paid $10 mil for two industrial buildings, totaling 78.3k sf ($128/sf), at 1701-1717 S. Figueroa St and at 622 W. 17th St. The buildings, which are located in the heart of the current redevelopment effort...
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• Tenant Makes $6.5 Mil Purchase of Its West SF Valley HQ Facility
9/09/05
FB Productions, a commercial printing, packaging and display company, has paid $6.5 mil for a 50.2k sf ($129/sf) HQ building in Chatsworth that the company has occupied for the past seven years. Located on three acres at 9450...
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• LBA Snares $17 Mil Miramar Business Park
9/09/05
LBA Realty paid $17 mil for Miramar Commerce Center, a five-building, 112k sf ($152/sf) business park located at 8902-8940 Activity Rd, just one block north of Miramar Rd. Completed in 1987 and 1997, Miramar Commerce Center i...
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• Empire Towers Trades from One CIP Partnership to Another
9/08/05
Irvine-based CIP Real Estate, in a joint venture with an affiliate of Guggenheim Real Estate, has acquired Empire Towers from the existing ownership structure of CIP Real Estate and South Charles Investment Corporation for $6...
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Executive Subscriber Price: Free
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• Sares*Regis Fills Remaining Space at Hollister Center
9/08/05
Three companies have leased all of the remaining space in the newly renovated Hollister Center, a 106k sf corporate campus in Goleta, a town in the Santa Barbara area. These latest deals, which have a combined value of $6.5 m...
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• Birtcher Acquires Former Good Neighbor HQ for Home Furnishings Center
9/07/05
Birtcher Development and Investments, a Brandon Birtcher company, acquired the former State Farm regional HQ building located at 3333 Hyland Ave, north of the 405 Fwy and west of Harbor Blvd in Costa Mesa, for $29 mil. Birtch...
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• Brinderson Optum-izes Portfolio with $10 Mil OC Office Buy
9/07/05
Brinderson has acquired the Optum Building, a 46.5k sf Class A office building located at 3330 Harbor Blvd, just off the 405 Fwy in Costa Mesa. The single-tenant, three-story building was sold by Village Properties for $10.15...
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• Industrial Developers Turning their Attention to Moreno Valley
9/06/05
Industrial development has really been picking up in Moreno Valley, an Inland Empire community situated east of the I-215 off Hwy 60 in Riverside County. According to research from CB Richard Ellis, roughly 4.1 msf of industr...
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Executive Subscriber Price: Free
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• Anaheim Industrial Facility Trades for $7.5 Mil
9/06/05
A private investment entity paid $7.46 mil for a substantially improved 90k sf ($83/sf) industrial building on 4.1 acres at 900 E. Arlee Place, north of Ball Rd and west of East St in Anaheim. The concrete tilt-up building, w...
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Executive Subscriber Price: Free
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• Koll Acquires Site for Second Phase of Irvine Business Park
9/06/05
Newport Beach-based The Koll Company has purchased an 11.7-acre site in the master-planned Irvine Spectrum business center in Irvine and will use the land to build 47 for-sale office and light industrial buildings in the seco...
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Executive Subscriber Price: Free
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• It's Party Time in Miramar
9/02/05
Classic Party Rentals Inc agreed to a 10-year, $4.7 mil lease for 72.3k sf ($0.54/sf/mo) of industrial space at 7069 Consolidated Way, east of I-805 and just south of Miramar Rd in San Diego's Miramar area. Consolidated, one ...
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• QUALCOMM Acquires Sorrento Mesa Office Complex for $30 Mil
9/02/05
QUALCOMM Inc, the San Diego-based digital wireless communications company, has purchased the three-building, 141k sf Pacific Point Business Park in Sorrento Mesa for $30.7 mil ($218/sf). The three buildings are 54.7k sf, 44.9...
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• Bristol Goes to Head of Class in $25 Mil LAUSD Lease
9/02/05
The Los Angeles Unified School District (LAUSD) has inked a lease for 117.1k sf of office space at 1055 West Seventh St in downtown Los Angeles. LAUSD, which currently occupies approximately 255k sf at Maguire Properties' We...
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• Riverside Attracting Biotech Firms to Its University Research Park
9/01/05
The City of Riverside, the County of Riverside and UC Riverside have formed a strategic partnership to promote a 56-acre campus project in Riverside, called University Research Park (URP), specifically designed for R&D and te...
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• Palisades Invests $34 Mil in the Conejo Valley
9/01/05
Palisades Associates, a Santa Monica-based real estate investment group, has paid over $34 mil for nearly 500k sf of industrial buildings at the 100-acre Conejo Spectrum in the Conejo Valley community of Thousand Oaks. The tw...
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• Industrial Facility is Road Ready
8/31/05
John Street LLC, an LA-based investor has paid $12.8 mil for a fully leased, 182.6k sf ($70/sf) industrial facility on 7.3 acres of land in Santa Fe Springs. The property is at 9601-9603 John St, west of Santa Fe Springs Rd a...
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• Pro Moves
8/31/05
JOHN ROWEN, RICK JONES & WENDIE NEWMAN: At PM Realty Group, John Rowen and Rick Jones were promoted to the position of Senior Vice President, while the company hired Wendie Newman as Vice President.
In his new role as Senior...
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• Voit Pros Rack Up OC Deal Comps
8/30/05
Here's a trio of deal comps from Orange County that were brokered by Voit Commercial Brokerage. The deals have a combined value of $12.7 mil.
In Anaheim, LIA Associates LLC acquired a 49.8k sf multi-tenant office building f...
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• Kilroy's El Segundo Tower Shapes Up with 36k sf Square Enix
8/30/05
Kilroy Realty Corp has taken a major step forward in leasing up its completely rebuilt 999 N. Sepulveda Blvd office high-rise in El Segundo, after signing Square Enix Inc to a seven-year lease for 36.3k sf of space. Square En...
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