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April 21, 2025
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SOUTHERN CALIFORNIA NEWS
Archive
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• Latest Kearny Mesa Lease is Ultrasigns of the Times
5/05/04
There continues to be significant leasing activity throughout San Diego County, and in this update we'll take a look at a number of recent transactions. We'll start in Kearny Mesa, where a trio of deals, for a combined 89k sf...
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• Kilroy Loses Latest Round in Effort to Prevent Development of El Segundo Campus
5/05/04
Here's an update on a news story that RENTV has been covering extensively for the past couple of years, that being Kilroy Realty's repeated efforts to block Thomas Properties Group from developing its Campus El Segundo projec...
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• Cushman & Wakefield gets a Cheli Reception from L&B Realty Advisors
5/04/04
Dallas-based L&B Realty Advisors Inc has retained Cushman & Wakefield to manage and lease Cheli Distribution Park, a 1.8 msf industrial business park in mid-cities community of Bell. Built from 1978 to 1981, the 74-acre Cheli...
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• Financing Notes
5/04/04
Let's take a quick look at a number of recent California financing deals. We'll start in LA's Miracle Mile area, where George Smith and Joel Simaie of George Smith Partners arranged $17 mil in construction financing for the c...
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• CommonWealth in Need of the Uncommon Costa Mesa Tenant
5/03/04
It was about nine months ago that CommonWealth Partners put out the press release about its plans to develop a new high-rise at its Two Town Center complex in Costa Mesa, unveiling the design by Scott Johnson from Johnson Fai...
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• Black & Decker has the Right Tools to Assemble 543k sf Build-to-Suit Deal in Rialto
4/30/04
The Inland Empire is one of the fastest growing regions in the country, in terms of population and new business, and much of the area's continued success is due to the continued strong demand for warehouse and distribution fa...
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• Lego Land is a Gem of a Deal at Over $5 Mil
4/30/04
Cruzan/Monroe, the 1-1/2-year-old real estate investment and development firm led by Dennis Cruzan and Philip Monroe, just closed on its eighth commercial real estate investment, having paid $5.565 mil for a 56.8k sf ($98/sf)...
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• Overton Moore Gets Lucky in Buena Park
4/29/04
Overton Moore Properties (OMP), the long-time SoCal developer of industrial business parks, has just wrapped up construction on another state-of-the art development, Commerce Centre @ Buena Park Phase II. The 432k sf warehous...
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• Duesenberg Recruits Korn/Ferry at 1900 Avenue of the Stars
4/29/04
Korn/Ferry International, one of the world's leading search/recruitment firms, inked an 11-year, $15 mil lease for 40.2k sf ($2.83/sf/mo) of space on the 26th and 27th floors at 1900 Avenue of the Stars in Century City. Korn/...
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• San Diego Buyers Make $7.6 Mil Investment in Arte
4/29/04
In this report, we've got a trio of notable office sales from San Diego County to review, starting in the Mission Village area, where investors paid $22.2 mil for Olympia Plaza, a 127.8k sf ($174/sf) office campus at 3870, 38...
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• Financing Notes
4/28/04
Newmark Realty Capital, the SF-based full-service commercial real estate mortgage banking firm, has just opened a regional HQ office in LA, to be staffed by five veteran mortgage pros, each averaging over 20 years of experien...
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• Developer of West Corona Business Park is Master of Its Domain
4/27/04
Newport Beach-based Master Development Corporation (MDC) has sold all nine buildings at West Corona Business Park, a 230k sf industrial complex located one-mile north of the 91 Fwy at Maple St on 14 acres within a prime manuf...
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• H.G. Fenton Forms New Entity
4/26/04
H.G. Fenton Company, one of San Diego County's largest industrial and multifamily owners and developers, has formed Fenton Investment Company, a new entity that specializes in providing investment equity for new industrial, o...
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• Coreland Wins Assignments for More Land (and Buildings, too)
4/23/04
Tustin-based Coreland Companies has been awarded more than 240k sf in new SoCal management assignments in the last 90 days. These include the assignment for Beverly Hills-based Lambert Smith Hampton's newly acquired nine-stor...
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• What Bebe Wants, Bebe Gets
4/23/04
Voit Commercial Brokerage's Mitch Zehner and Louis Tomaselli have been busy these days, and a lot of that business is selling off properties at two successful Voit Development projects: Voit Brea Business Park and Laguna Nigu...
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• Investors Grab San Gabriel Valley Buildings
4/22/04
Here are a couple of recent sales comps from the San Gabriel Valley, one in Alhambra and the other in Arcadia. We'll lead off with the Alhambra deal, as a private investor paid $2.5 mil for a 25.9k sf ($96.50/sf) multi-tenant...
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• It's Tool Time in Norco
4/22/04
Here's a chance to catch up on some industrial sales comps from the Inland Empire, as we've got three recent deals to review in this report. We'll start in Upland, where BNI, a computer networking company paid $2.6 mil for a ...
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• Morrison & Foerster Inks $30 Mil Del Mar Lease
4/22/04
Morrison & Foerster, the international law firm with 19 offices worldwide, has leased 78.2k sf in a planned office building located north of the I-5 and I-805 merge, at 12531 High Bluff Dr. The 10-year deal has a consideratio...
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• Public City: 1Q04 Quarter Highlight
4/21/04
With the recent end of the first quarter, we've started receiving the standard quarterly news updates from many of the publicly traded real estate companies that we report about. Before putting together a review of many of th...
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• New Thousand Oaks Development getting a Lot of Medical Attention
4/21/04
Buyers have already locked up 55% of Regency Medical Plaza, Ventura County's first medical office condominium project in years, as construction on the new project is just getting underway. According to Tony Principe, executiv...
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