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• Ricoh Inks Lease for 220k sf at Bedrosian's in Tustin
12/23/03
Ricoh USA inked a $3 mil, three-year lease for 220.5k sf ($0.38/sf/mo) of space, or close to half, of the 500k sf former Steelcase warehouse/showroom facility in Tustin acquired by Bedrosian's Tile and Stone less than two mon...
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• SoCal Hotel Sales Heat Up in December
12/22/03
It appears investor activity in the sector that took the biggest hit two years ago has come back strong in this past quarter, at least as far as SoCal is concerned. In the past month, several deals that have closed and are st...
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• Swinerton to Park Local Subsidiary at The Park Mitchell Building
12/22/03
San Francisco-based Swinerton Incorporated has purchased The Park Mitchell Building, a 20.5k sf Irvine office building, for $3.24 mil ($158/sf). Built in 1983, the two-story office building is located at 17731 Mitchell North,...
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• Holiday Season Sales Re-Cap from San Diego
12/19/03
For those of you who like to follow sales activity from San Diego, here's a little bit of holiday cheer, as we've got a handful of recent transactions to review for you in this report. We'll start in the city, with a land dea...
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• Cornerstone Hits Bullseye with Arrow Deal
12/19/03
It's been a little while since we've reported on activity from the San Gabriel Valley, and there's been a few interesting transactions worth covering since then. One of the deals was in the City of Industry, where Pick 5 Impo...
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• M. David Paul Sets Its Sights on New San Fernando Valley Projects
12/18/03
And now for the final conclusion to a major office sale that we've reported on a few times over the past year, as it went from on the market to under contract to now, as it's officially a done deal. The property we speak of i...
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• Santa Monica Building Signs Up for more Cable
12/18/03
Media giant Viacom has signed an eight-year, $8 mil lease for a 52k sf ($1.60/sf/mo) former industrial facility in Santa Monica that is being converted entirely to creative office space for occupancy by its wholly-owned MTV s...
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• Newport Federal, Saunders and Greenlaw Close $20 Mil Buy of Stadium Centre
12/17/03
A partnership consisting of Newport Federal, Saunders Property Co and Greenlaw Partners LLC have acquired Stadium Centre, a six-story, 121k sf, Class A office building, for approximately $20 mil ($165/sf). Located at 2099 S. ...
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• Orange County Lease Recap
12/17/03
A couple of major lease signings were announced in Orange County right around the Thanksgiving holiday, however we had our faces so stuffed with stuffing that these deals got lost in our freezer along with our aunt's sweet po...
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• BKM Development Acquires Anaheim Site for New Industrial Park
12/16/03
A 57k sf La Palma office building occupied by medical and professional firms traded hands for $6.85 mil ($120/sf). Located at 7872 Walker St, south of the 91 Fwy and north of La Palma Ave, the two-story structure is across fr...
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• Recent West Los Angeles Leases
12/16/03
Hold on to your comp sheets because here's the scoop on a few recent Westside lease deals. So here goes.
We'll start on the southern edge of the Westside, where Crown Realty signed a long-term lease for a build-to-suit with...
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• Northrop Completes Space Mission at Carmel Mountain Ranch
12/15/03
Here's a look at a number of recent lease comps from San Diego County, starting off in Carlsbad, where Reverse Mortgages inked a seven-year, $3.74 mil lease for 37.6k sf ($1.18/sf/mo) at 5931 Priestly Dr. The two-story, Class...
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• Anaheim Developer Reloads Canon
12/12/03
Here's news of an interesting Orange County redevelopment project, as Anaheim-based Red Hill-Pullman LLC recently completed a $4 mil renovation of the former Canon Business Machines campus in Costa Mesa, that transformed the ...
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• Santa Barbara Buyer Pays $8.7 Mil for Kearny Mesa Office Property
12/11/03
Chesapeake Center, a two-story, 58.8k sf office building at 9555 Chesapeake Dr has been sold for $8.72 mil ($148/sf). The buyer was a California partnership made up of two entities, Chesapeake Center LP and Brown Chesapeake L...
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• RENTV Man about Town
12/11/03
With the Thanksgiving shutdown, we weren't able to get to some of the notes we had about some notable November events, which we'll now take care of in this report. We'll start in Westwood where the office space that makes up ...
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• Argus Realty Takes an Interest in Santa Fe Springs' Heritage
12/10/03
Argus Realty Investors has acquired the leasehold interest in Heritage Corporate Center, a 720k sf Santa Fe Springs business park, for $51 mil ($71/sf). The property was sold by a partnership of Kearny Real Estate Company and...
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• Oxnard Sellers Clean Up in Sanitary Sale; Moorpark Buyer is a Scheu-In
12/10/03
Here's a review of a number of recent deals in Ventura County from the last month or so. We'll start with four sales and then go over three leases from the region.
The first transaction was in Oxnard, where Puretec Industria...
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• IndyMac is In D House with Pasadena Corporate Park Buy
12/09/03
In a major Pasadena office sale, IndyMac, the residential banking firm, has purchased Pasadena Corporate Park, a 265k sf low-rise suburban office park, for $58 mil ($219/sf). The seller was a partnership of Kearny Real Estate...
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• Fourth Quarter Inland Empire Sales
12/09/03
As the Inland Empire continues its rapid transformation, property owners and the brokers that service them will keep reaping the rewards. Here are a handful of fourth quarter sales from the region in the $1 - $4 million range...
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• World Trade Center in Long Beach is the New G-Spot
12/09/03
Santa Ana-based Triple Net Properties, acting on behalf of G REIT Inc, just purchased the 570.5k sf One World Trade Center in Long Beach, for $113.6 mil ($199/sf). Triple Net serves as advisor and manager for G REIT, which ha...
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