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• Compton Landlord Gets a LXSI while South Bay Broker Gets a Lexus
3/25/05
In news from LA's South Bay region, third-party logistics company LXSI Services Inc will relocate its central office and main warehouse/distribution facility from Carson to Compton, after agreeing to a five-year, $2.5 mil lea...
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• Frito Lay Bets all Its Chips on Final 23 Acres at Agua Mansa Industrial Center
3/25/05
LA-based Lowe Enterprises sold a 23.5-acre lot in the Agua Mansa Industrial Center to Rolling Hills Frito-Lay (Frito-Lay), a subsidiary of Pepsi, for development of a warehouse and distribution center. The acquisition by Frit...
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• March 24, 2005 - Reporting on Riverside
3/24/05
In its effort to promote itself as a great place to conduct business, the City of Riverside has started letting us know about improvements that are being made to the infrastructure and the new companies that are locating ther...
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• Central LA Gets a Toy Factory
3/24/05
A pair of recent transactions has filled two previously vacant industrial facilities in the city of Vernon. In one deal, Toy Factory, a manufacturer and distributor of plush toys, signed a five-year lease worth over $1.2 mil ...
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• Coronado Financial Inks $5 Mil Office Lease in Chula Vista
3/23/05
Here's a few lease comps from San Diego, as we cover four recent office deals from around the county along with a warehouse transaction from Chula Vista. We'll lead off with the warehouse deal, as Brokerage and Logistics Solu...
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• Unicorn Prances into 45k sf Santa Ana Warehouse Space
3/23/05
Here's a review of some recent Orange County office and industrial leases that have not yet been covered in previous news stories on the site. We'll start in Irvine, where the firm of Morrison & Foerster LLP leased 44.1k sf o...
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• Broadreach Grabs $30 Mil West LA Office Complex
3/22/05
Broadreach Capital Partners has purchased the five-building, 151k sf office complex, long known as Teleflora Plaza, in West LA for $30.5 mil ($202/sf) and plans to immediately undertake a $4 mil redevelopment that will revita...
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• Inland Empire Facilities become the Standard for Equipment Companies
3/22/05
Nixon-Egli Equipment Company has acquired a 4.6-acre Ontario site that includes 45.6k sf of industrial buildings for a total price of $4.2 mil. The adjacent properties are located at 2044 and 2060 S. Vineyard Ave, just north ...
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• Financing Notes
3/21/05
An important development for Anaheim got the dollars it needs to move forward as Fremont Investment & Loan has provided financing of $25 mil to Anaheim GW LLC for the acquisition of the Anaheim Gardenwalk site near Disneyland...
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• Triple Net Bags $49 Mil Santa Ana Office Property
3/21/05
Here is a rundown of about half a dozen recent sales comps from the last month or so in Orange County. We'll lead off with a big office sale from Santa Ana, as Triple Net Properties paid $49 mil for 4 Hutton Centre Dr, a 10-s...
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• Beverly Hills Office Building Seller is Star-Struck
3/19/05
Starpoint Properties has purchased a trophy, 103k sf office tower in Beverly Hills' Golden Triangle area for around $43 mil ($417/sf). The 10-story property, which was sold by Pair City Development, is at 450 North Roxbury, a...
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• Aerovironment Leases Enchanted HQ Environment in Simi Valley
3/18/05
Aerovironment recently inked one of the largest lease transactions in Simi Valley over the past three years, as the Simi Valley-based producer of energy efficient technology signed a five-year sublease for a two-story, 83.4k ...
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• Maguire Closes $1.5 Bil CommonWealth Acquisition
3/18/05
Maguire Properties Inc. (NYSE:MPG) has wrapped up its $1.51 bil acquisition of CommonWealth's Fifth Street Properties Portfolio. As RENTV reported in January, Maguire was the winning bidder for the 6 msf portfolio, acing out ...
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• San Diego Lease Comps
3/17/05
San Diego Research Center inked a five-year, $1.5 mil lease for 19.7k sf ($1.27/sf/mo) of office, R&D and light industrial space at Centerpark Plaza. The building is located at 6730 Mesa Rim Rd, south of Mira Mesa Blvd in Sor...
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• Birtcher Anderson Nabs Fullerton Towers
3/17/05
Birtcher Anderson Realty has purchased Fullerton Towers, a two-building, 223.6k sf office complex in the city of Fullerton. The property consists of one nine-story tower and one seven-story building, as well as a separate par...
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• Financing Notes
3/16/05
NEWMARK REALTY CAPITAL: Newmark Realty provided $55 mil in financing for Continental Park Plaza, a 476k sf Class A office project located within Continental Park by Continental Development Corporation. Situated along the Rose...
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• Sorrento Mesa R&D Building Fetches $17.8 Mil
3/16/05
LBA Realty has acquired a 134k sf office/R&D building in Sorrento Mesa for $17.84 mil ($133/sf). The property, which is located at 10450 Pacific Center Ct, north of Mira Mesa Blvd, was sold by El Segundo-based Hughes Network ...
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• Encino Re/Max Signs Lease on the Boulevard
3/15/05
Thibiant International Inc, a manufacturer of skin and hair care products, agreed to a seven-year, $2.5 mil lease for a 37.8k sf ($0.79/sf/mo) industrial facility in Chatsworth. The highly improved concrete tilt-up building i...
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• State Farm is Latest Good Neighbor at Cerritos Towne Center
3/15/05
Transpacific Development Company has inked deals with several new tenants at 17777 Center Court Dr, the company's most recent Class A office building, located within Cerritos Towne Center in Cerritos. The $30 mil building co...
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• Voters Approve Montage in Beverly Hills
3/14/05
Plans for a new luxury hotel in Beverly Hills are closer to fruition, as voters in last Tuesday's citywide election approved a project by Montage Hotels & Resorts and The Athens Group, its developer, for the Montage Hotel & P...
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