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• Koll Company and Harsch Make $10+ Mil Buys
5/20/04
A Portland, OR-based investment entity paid $10.8 mil for a Kearny Mesa multi-tenant business park. The four-building, 107k sf ($101/sf) property, known as Kearny Mesa Business Center, is located at 5715-5745 Kearny Villa Rd,...
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• The Chino Hills are Alive with the Sound of Industrial Development
5/19/04
Construction is underway on a master-planned business park of 22 industrial condominiums in Chino Hills, being developed by Investment Development Services (IDS) in partnership with Xebec, out of Los Angeles. Situated on a ni...
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• BizRate Signs First Rate Deal at Kilroy's Media Center
5/19/04
Here's a pair of recent noteworthy Westside office leases, both from industries that had been hard hit in the economic malaise of the past few years – online retailing and advertising.
The online retailer is Biz Rate, the In...
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• Hillwood to Develop 135-Acre Ontario Site
5/18/04
Hillwood, the Texas-based development company, has retained CB Richard Ellis as the leasing agent for its 135-acre Hofer Ranch site, which is situated adjacent to Ontario International Airport, with Archibald Ave to the West ...
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• TA Associates Grabs $9 Mil San Dimas Business Park
5/18/04
Let's turn our attention to the San Gabriel Valley, where we have a trio of recent transactions to report. In one, Newport Beach-based TA Associates acquired San Dimas Business Park, a 95.2k sf business park at 301-403 E. Arr...
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• Investors Nab $24 Mil Properties around LA's Downtown
5/18/04
Jamison Properties, the LA-based private investment firm led by Dr. Lee, acquired another Mid-Wilshire property, having paid $23.3 mil for Adams Plaza, a 205.6k sf ($113/sf) office complex at 1541-1545 Wilshire Blvd and 1543 ...
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• Office Interiors Company and Floor Covering Firm to Fix Up New HQ Spaces in San Diego
5/17/04
Parron Hall Office Interiors has agreed to a long-term lease for new HQ space in Kearny Mesa, after signing a 10-year, $3.8 mil deal for 25k sf ($1.27/sf/mo) at 7700 Ronson Rd. The transaction gives Parron Hall the majority o...
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• Watson Says Hankyu Very Much for 10-Year Carson Deal
5/17/04
Triple Net Properties, the Santa Ana-based GREIT, has closed on a sizable acquisition in the South Bay, having paid $45.9 mil for a 211.4k sf ($217/sf) building in Torrance. The three-story structure, known as Epson Madrona b...
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• More Clear Sky Predicted in Van Nuys
5/14/04
Here's a trio of smaller sales comp from a couple of the older parts of the San Fernando Valley, with two of the transactions being in Van Nuys and the other one in Sun Valley. In one of the Van Nuys deals, Clear Sky LLC paid...
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• Transcan Adds Offices to Its Canyon Crossings in Riverside
5/14/04
Transcan Development LLC has announced plans to add two 72k sf, three-story Class “A” office buildings to its new 90-acre freeway-oriented development called Canyon Crossings at Canyon Springs. Canyon Crossings is located in ...
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• Fremont Adds Crowning Touch to Imperial Center
5/14/04
Fremont Investment and Loan, the national financial services firm, has inked a deal to occupy an entire 105k sf building in Crown Realty & Development's Brea Imperial Center at 2727 E. Imperial Hwy in the city of Brea. The bu...
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• Guiding Hands Leads Investor to $5.5 Mil Buy in San Diego's Lakeside Area
5/13/04
A 13.7k sf industrial building in Carlsbad traded hands for $2.8 mil ($204/sf). The facility is located within the Carlsbad Research Center, at 1545 Faraday Ave, west of College Blvd and south of El Camino Real. The buyer was...
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• RREEF Pulls $9.2 Mil out of the Clauset
5/13/04
In a Santa Ana industrial buy, the Benedetti Company paid $9.2 mil for three buildings with a combined 103.5k sf ($89/sf) of space. Located within the Clauset Business Park, the buildings are at 3030 S. Shannon, 4011 W. Carri...
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• Investment Firm Spots a Not-So-Wooly Mammoth in Encinitas
5/12/04
Mammoth Equities Capital Group LLC has purchased Mammoth Professional Building – Encinitas West, a 30.7k sf Class A office building at 171 Saxony Rd in Encinitas. The multi-tenant building was constructed in 2003 on 1.55 acre...
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• $14.5 Mil Poway Buy was Foremost Priority for Laguna Beach Firm
5/12/04
There continues to be a steady stream of investment sales deals from San Diego County, with one of the more notable transactions being Foremost Business Parks' recent $14.5 mil purchase of Napoli Business Park, a six-building...
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• Lincoln Properties/Praedium Group Acquires Dreamworks Office Building for $33 Mil
5/11/04
In a recent West LA office sale, a partnership made up of Lincoln Properties and Praedium Group LLC acquired the 80k sf former Dreamworks HQ building in Beverly Hills for $33 mil ($412.50/sf). Built in 2000, the three-story s...
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• Union Bank Building Reportedly about to Sell for $144 Mil
5/11/04
There have been a few deal notes from around downtown LA over the past month or so that we thought we'd get you caught up with in this report. We'll start with the scoop on a big sale, that being the 646k sf Union Bank Buildi...
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• Pinewave Sweeps Ontario
5/10/04
Here's a quick update about a pair of newsworthy new industrial projects in western San Bernardino County. One of the developments, which just broke ground, is Pinewave Development Group's Grove Avenue Business Park, a 23.8-a...
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• Grand Ave Plans Analyzed by Students, Dissed by LA Times
5/07/04
By Steve Bloom
One real estate topic that's become a hot one over the past few months, and rightfully so, has been the plans for several large sites along Grand Avenue in Downtown LA owned by government entities. As the Gran...
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• Arden Signs another Blockbuster at Howard Hughes Center
5/06/04
Here's a trio of recent Westside office comps for those of you who like to keep up on the latest activity from this more upscale part of Los Angeles. In the first transaction, the law firm of Hinshaw & Culbertson agreed to a ...
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