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• New Sorrento Mesa Business Park Breaks Ground
2/12/04
H.G. Fenton Co, a San Diego-based developer, has begun construction on the first phase of Fenton Technology Park, a new master-planned business park in central San Diego County. The 130.9-acre business community will offer ov...
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• Layton-Belling Goes with Big Mac Deal
2/11/04
IndyMac Bank inked an eight-year lease for roughly 123k sf of new build-to-suit office space in the Irvine Spectrum. The mortgage banking firm will relocate from its current premises at 7565 Irvine Center Dr into the majority...
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• Investors Go for the Original in Xerox Facility Acquisition
2/10/04
A private investment group has paid $6.8 mil for a 42k sf ($162/sf) South Bay office building that is fully occupied by Xerox Corp on a NNN basis. The concrete tilt-up building is located at 2355 Utah Ave, west of Aviation Bl...
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• Tishman Speyer Closes $72 Mil Buy of Glendale City Center
2/10/04
Here's a follow-up to a big pending deal that we reported about a month ago, as Tishman Speyer Properties has wrapped up its acquisition of Glendale City Center, a 19-story, 388k sf Class A office building at 101 N. Brand Blv...
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• Investors Pay $6.7 Mil for a North San Fernando Valley Industrial Building
2/09/04
Here are a few recent sales comps from in and around the San Fernando Valley. The largest transaction in this group was in Sylmar, where a Beverly Hills-based investor group paid $6.75 mil for a near-new 82k sf ($82/sf) indus...
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• Cruzan/Monroe Picks Up Poway Industrial Facility
2/06/04
Cruzan/Monroe has closed on another acquisition, after paying $10.95 mil for Parkway Center 6, a 125.2k sf corporate headquarters and light manufacturing facility in Poway. The transaction marks the San Diego-based real esta...
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• First Industrial Snags City of Industry Building for $5.4 Mil
2/06/04
First Industrial Realty, a Chicago-based REIT, closed on a nifty buy in the San Gabriel Valley's City of Industry, after paying $5.4 mil for a 116k sf ($46.50/sf) industrial building at 333 Turnbull Canyon Rd. The concrete t...
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• Insurance Firm Outgrows Building Before They Move In
2/05/04
A 40.5k sf Burbank office building was purchased by a private investor for $6.8 mil ($168/sf). Located at 175 East Olive Ave, at San Fernando Blvd, the building was fully leased at the close of escrow.
“This building had mul...
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• New Contracts Stream into RiverRock
2/04/04
RiverRock Real Estate Group, the five-month-old commercial real estate management and leasing firm led by John Combs, has added four contracts totaling 535.6k sf of space to its property management portfolio. This brings the...
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• Torrance Facility Gives a Lot of Medical Attention
2/04/04
A Newport Beach-based private investment group recently closed on a very noteworthy transaction in Torrance, having paid $14.7 mil for two medical office buildings with a combined 75.4k sf of space ($195/sf). The buyer was WR...
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• Sony Computer Entertainment Wins Big Leasing Game in Sorrento Mesa
2/03/04
Here's the scoop on a big expansion/renewal deal in Sorrento Mesa that's not yet been widely reported. Sony Computer Entertainment, which occupies about 108k sf at the San Diego Tech Centre, an eight-building complex at Scran...
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• Tile Contractor Buys Premier Building in Alhambra
2/03/04
A Pomona office complex traded hands, as a Costa Mesa-based private investment group paid $12.7 mil for University Technology Center, a 100.4k sf property ($126/sf). The two-building, concrete tilt-up complex, which is locate...
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• Power Products Company Grabs a Cool Corona
2/02/04
Myers Power Products, a manufacturer of electrical switch gears and metering devices, has popped the top on a frosty Corona buy, having paid $5.45 mil for a 114k sf ($48/sf) industrial building at 725 Harrison St. Myers will ...
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• Orange County Buyer Races to Redline
2/02/04
In our latest update on sales comps from Orange County, we've got four smaller deals to report from Brea, Costa Mesa and Irvine. The largest of the three was in Costa Mesa, as Nader Properties picked up a two-story, Class B o...
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• WEPACKITALL Buys It All for $3 Mil
1/30/04
Demand for industrial owner/user facilities in the San Gabriel Valley remains very strong, as evidenced by five recent sales in the cities of Monrovia, LaVerne, City of Industry, Duarte, and Azusa. “The five buildings, rangin...
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• Big Westside Tenants Flow into Wateridge and Water Garden
1/30/04
There has been some major lease activity from LA's Westside to report. We'll start in Santa Monica, where Fremont General, the big insurance and lending entity, closed a lease at the end of 2003 for the entire 62k sf third fl...
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• Electrical Workers Acquire Trade St Building in San Diego
1/28/04
In Kearny Mesa, Maxwell Technologies sold an 86.6k sf office/industrial building at 8888 to 8992 Balboa Ave, east of the 163 Fwy at the north end of Montgomery Field. The buyer, Horizon Christian Fellowship, paid about $9 mil...
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• Texas Buyer Spends $34 Mil on Torrance Industrial Facility
1/27/04
A Texas-based private investment group has purchased a 363.3k sf industrial building in Torrance, in a transaction valued at $33.9 mil ($93/sf). The concrete tilt-up facility, which was built in 1974 and renovated in 2002, wa...
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• Jamison Trades Up to $53 Mil Downtown LA Purchase
1/26/04
Jamison Properties, the real estate investment firm led by Dr. David Lee, which owns a significant number of buildings in LA's Mid-Wilshire area, continues to aggressively pursue acquisitions in other sub-markets. The company...
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• Centra to Host a Medical Fiesta Ortega in San Juan Capistrano
1/26/04
Noting the recent start of several smallish medical projects in South Orange County, the Orange County Business Journal a few issues ago reported that Irvine-based Centra Realty Corp is moving forward with its plans for a 12-...
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