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• January 14, 2004- Upland Businesses to Start Paying for Cable
1/14/04
It's been a while since we last posted an activity update from the Inland Empire, so in this report we'll mention some of the more recent news tidbits from this southeastern part of the state. To start, we'll mention a new in...
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• Review of 4th Quarter 2003 Downtown LA Sales
1/14/04
In November, RENTV posted a Hot Transactions Report for Downtown Los Angeles, and at that time, several investment transactions were just about to close, with a number of them tentatively scheduled to close in November and De...
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• Equity Sells Pair of Westside Office Properties
1/13/04
We've got more information on a pair of Westside office sales that we first reported about a week ago in an article on Equity Office Properties' disposition of a number of California properties as part of an effort to cull th...
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• Arden Elects a Governor for Their San Diego Office Portfolio
1/12/04
Arden Realty, the Brentwood-based REIT that happens to be the largest office landlord in San Diego, recently added another sizable property to their portfolio in the region, as they paid $23 mil for Governor Executive Centre ...
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• Big News!! Lankford to Start High-Rise in Downtown San Diego
1/12/04
An extremely important event for San Diego and for the SoCal region occurred last month when Lankford & Associates secured and closed the financing for Broadway 655, their $140 mil new landmark office building in downtown San...
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• Development of The Slatestone a Sign that San Diego Office Market on Solid Foundat
1/09/04
Here's another positive sign for the office market in Southern California, as ground has been broken on a new Class A office building in downtown Escondido, although it's not a huge one. The 21.9k sf building, being built by ...
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• Westcore Lands with Longwing onto Centre Pointe in Carson
1/09/04
SoCal-based Westcore Properties LLC closed out the year with two industrial purchases in LA County, with a combined price of $23.8 mil. These include the purchase of three buildings at Centre Pointe in Carson for $15.9 mil an...
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• Rare Opportunity for Penthouse Space at Orange County's Plaza Tower
1/08/04
Let's kick off the New Year with news of a rare office space opportunity in Orange County as, for the first time in almost a decade, the penthouse floors at Plaza Tower are available for lease. E*Trade Financial is offering ...
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• Some Joy for Kilroy
1/08/04
It's been some half-year in the news for Kilroy Realty, the West LA-based REIT, and its CEO, John Kilroy Jr. And as is the case with real estate and we suppose, with life, some of it was good and some of it was bad.
Let's ...
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• It's a Grand Day as Five Finalists Named for Big Downtown LA Redevelopment Project
1/07/04
In a unanimous vote, the board of the Los Angeles Grand Avenue Authority selected five development teams to compete for the development of four key parcels on Grand Avenue in the downtown civic center. Based on the selection...
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• Watson Wins Price War
1/06/04
Watson Land Company, among the largest developers of master planned industrial centers in Los Angeles County, in December announced it had leased 195k sf to Price Transfer in Watson Industrial Center South. Price, one of the...
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• Glendale Brand is Strong with Investors
1/06/04
In December, a pair of sizable office building sales were announced, both of which should be closing very shortly. The first deal was reported in Real Estate Alert, which wrote a few issues ago that MetLife was on the verge o...
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• Westcord's Principe Displays a lot of Conejo Valley Intel-ligence
1/05/04
Here's a “double-double” deal update from the Conjeo Valley/Ventura County region as we've got a pair of recent transactions from the Conejo Valley and another pair of deals from just a bit further west, in Oxnard. We'll star...
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• Scripps Wraps Up Healthy $4.7 Mil buy in Encinitas
1/05/04
We've got more end-of-year sales comps from San Diego County to share with you. We'll kick off this report in Kearny Mesa, where a pair of private investors paid $2.45 mil for a 15.5k sf ($158/sf) industrial building at 5055 ...
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• Westside Sales in the Fourth Quarter
1/02/04
While not as active with regard to sales as fourth quarters of the past, there have been a few commercial trades of note. We'll start with the biggie that recently closed, which was the purchase by the team of Beacon Capital ...
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• Pepper Lane Longs for Warner Center Investment
12/31/03
Here's the scoop on a pair of end-of-year San Fernando Valley sales in the $10 mil to $15 mil range. The deals are on opposite ends of the Valley, with the more recent transaction taking place on the west side, in Woodland Hi...
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• Investors in Red-Hot San Diego Office Market Turn to Ash
12/31/03
Another downtown San Diego office building traded hands, as Glenborough Realty Trust paid $32.5 mil for 610 West Ash St. Located at the corner of West Ash and India Streets, the 19-story tower contains 174.2k sf and is 88% le...
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• Parker Finds Time for Leisure at Summit
12/29/03
Adding a key component to the office space at the Summit multi-phased commercial development in Aliso Viejo, Parker Properties, along with its partner CIGNA Investments, has sold six acres to Leisure Sports for it to develop ...
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• Cruzan/Monroe Sells Oceanside Industrial Park for $18 Mil
12/24/03
San Diego-based Cruzan|Monroe has sold Oceanside Prescott industrial park for $18.3 mil, roughly a year-and-a-half after they acquired the property in April of 2002 for $13 mil. The buyer was Alere Property Group. Tucker Hohe...
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• Upland Seller Goes Bolling for Dollars
12/23/03
Since you've probably been wondering about the latest news from the Inland Empire, we thought we'd pass on these recent updates. We'll begin in Rialto, where Balatazar and Rosa Mejia paid $2.94 mil for a 77.1k sf ($38/sf) ind...
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