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• Dr. Lee Gives Out $14 Mil Worth of Medical Attention
6/27/05
A South San Francisco-based private investor purchased Royal Airport Center, a 214.2k sf office building located at 5933 W. Century Blvd, between Aviation and Sepulveda Blvds, near Los Angeles International Airport. The trans...
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• Camarillo and Moorpark Investment Properties Each Sell for $3.6 Mil
6/27/05
An investor acquired a 65k sf industrial building in Camarillo for $3.6 mil ($55/sf). The building, which is currently designed for single-tenant use, will be re-positioned for multi-tenant use. Redevelopment of the property,...
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• $41 Mil Buys Two Beverly Hills Office Properties
6/24/05
Two Beverly Hills office properties traded hands recently in separate transactions with a combined value of over $41 mil. Both deals were brokered by Bob Safai of Madison Partners.
In the larger transaction, Real Estate Capi...
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• Nikon Focuses on El Segundo Class A Space
6/24/05
Nikon, the internationally renowned optics company, inked a seven-year NNN lease for 20k sf of ground floor Class A office space at 841 Apollo St, north of Rosecrans Ave between Sepulveda and Aviation Blvds. Although the deal...
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• $11.6 Mil Sale Becomes First Industrial Deal in Otay Mesa
6/24/05
First Industrial Realty Trust, the national industrial property developer/owner, acquired a 205k sf warehouse facility at 1855 Dornoch Ct, northwest of Hwy 905 in Otay Mesa, for $11.6 mil ($56.50/sf). The property is adjacent...
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• Pro Moves
6/23/05
Three veteran SoCal brokerage pros – Rick Sherburne, Alex Hayden and Travis Boyd -- have joined up with Cushman & Wakefield, where they will serve as Executive Directors, working out of the company's Irvine office. All three ...
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• It's a New Century at Park Place
6/23/05
LA-based Maguire Properties finalized a pair of leases, totaling 270k sf of space, at a building still to be constructed within the company's huge Park Place office campus in Irvine. The new 600k sf 20-story tower will be loc...
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• Premier Adds New Executive Suites in Santa Monica and Seattle
6/23/05
Premier Business Centers, a division of Irvine-based The Bascom Group, has closed leases for two new executive office centers in Santa Monica and Seattle. The leases, worth a total of $6.6 mil, are for a combined 27.3k sf of ...
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• Carlsbad Owner Gets Total Training
6/22/05
In this report, we'll update you on a number of recent leases from San Diego County, starting in Carlsbad, where Total Training Inc agreed to a 10-year, $3.77 mil lease for 17.2k sf ($1.83/sf/mo) of R&D space at 1920 Palomar ...
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• Centra Pours Some Ranch Dressing Over San Juan Cap
6/22/05
Irvine-based Centra Realty Corporation has announced plans for two new developments in the South Orange County community of San Juan Capistrano. The projects are Ortega Ranch, a 144k sf mixed-use project on 17.8 acres of land...
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• Communications Firm Inks $2.5 Mil Marina Del Rey Renewal
6/21/05
In a Marina del Rey office lease, ARINC, a leading provider of Transportation Communications and Systems Engineering, has agreed to a five-year renewal for 19k sf at Marina Business Center II. The transaction has a total valu...
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• Construction Starts on First Spec Building at Agua Mansa
6/21/05
The first speculative industrial building to be developed as part of the 300-acre master planned Agua Mansa Industrial Center in Riverside is now underway. The slabs have been poured and the 30-foot tall walls have been raise...
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• Davis Partners Gets Underway with Fabulous Forum
6/21/05
Palomar Forum, a new master-planned project in Carlsbad being developed by SoCal-based Davis Partners, is set to begin construction in the second quarter of 2005. Located at the northeast corner of Melrose Dr and Palomar Air...
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• Koll Continues Its Trek Inland
6/20/05
The Koll Company has purchased Riverside Technology & Business Park, a 118-unit, 478.4k sf light industrial property at 1600-2060 Chicago Ave, for $31.8 mil ($66.50/sf). This transaction marks the company's second such buy in...
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• Final Two Buildings at Mission Valley Heights Almost Leased Up
6/20/05
Mission Valley Heights, a 1 msf business community being developed by H.G. Fenton Company in Mission Valley, is approaching close-out, with the project's final two buildings nearly completely leased. Some of the tenants that ...
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• Slough Estates Picks up 41 Acres in Bressi Ranch for New Development
6/17/05
Slough Estates, the London-based international real estate owner/developer, has purchased a 41-acre parcel in Bressi Ranch in Carlsbad for $36 mil ($20/sf). They will be marketing the site to office, life science and R&D ten...
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• BKM Spends $40 Mil on Latest Product from Panasonic
6/17/05
Locally based BKM Development has purchased Panasonic Corp's 540k sf office/distribution complex in Cypress, in what is considered to be one of the biggest OC industrial sales in some time. According to a recent article in th...
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• Majority of New Chino Hills Business Condo Project Pre-Sold
6/16/05
A new industrial condo development geared to small business owners has already sold a majority of the project, prior to completion. The project, called Fairfield Ranch Business Center, is being developed by IDS Real Estate Gr...
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• BlackRock Acquires Burbank Tower for $167 Mil
6/16/05
The largest office tower in Burbank's Media District was just sold for the third time in about three years. The Tower, a 473k sf, 32-story high-rise at 3900 W. Alameda Ave was purchased by NY-based BlackRock Inc in a deal wor...
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• Opus Makes their Point in Carlsbad
6/15/05
Opus West Corporation has begun work on Opus Point, a 43-acre development in Carlsbad that will contain roughly 575k sf of office, R&D and manufacturing product, to be built in two phases.
Located in the Carlsbad Raceway Bus...
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