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Basslamp Invests in Moreno Valley 2/28/05 Basslamp Ventures, an entity of AMC Investments, acquired Moreno Corporate Center, a 199.6k sf office/industrial complex located at 22690 Cactus Ave, 14300-40 Elsworth St and 22620-40 Goldencrest Drive in the Moreno Valley ar...
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Micro Solutions Leases Large Space in Van Nuys 2/25/05 Rexford Industrial LLC has acquired a 113.7k sf industrial building located at 15148 Bledsoe St, south of the 210 Fwy and east of I-5 in Sylmar, in one of the largest industrial sales in the San Fernando Valley over the past ...
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$11 Mil La Mirada Buy Adds Cornerstone to LBA's Portfolio 2/25/05 LBA Realty recently closed on another industrial acquisition, having paid $10.65 mil for a 135.3k sf ($79/sf) industrial building located at 14930 Alondra Blvd, between Stage Rd and La Mirada Blvd in the city of La Mirada. Th...
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Mammoth Financing Notes 2/24/05 The LA office of Holliday Fenoglio Fowler has arranged a $79.5 mil construction loan for the development of phase one of 8050 Private Residence Club, a luxury private residence club in Mammoth Lakes. Located directly across f...
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Office Renewals are the Law in Irvine 2/24/05 Three prominent law firms recently inked long-term leases in the city of Irvine in deals for a combined 79.1k sf of space and a total consideration of around $15.4 mil. CBRE Senior Vice President Kevin Bender represented the ...
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Westcore Plucks Sunflower in SD's Miramar Area 2/23/05 Westcore Distribution LLC, an affiliate of Westcore Properties LLC, has acquired a 47.7k sf industrial building for $1.8 mil ($38/sf). The seller was New York-based Sunflower Properties Inc. The multi-tenant, warehouse/dist...
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Two Torrance Office Buildings Trade for $10 Mil 2/23/05 Telo Medical Center LLC has acquired a pair of Torrance office buildings for a combined $10 mil. The buildings contain a total of 80k sf ($125/sf) of space and are located at 23600 and 23610 Telo Ave, north of Lomita Blvd be...
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Glendora Courtyard Sells for $10 Mil 2/22/05 An entity of Equity AG Financial Inc purchased Glendora Courtyard, a 60.4k sf office park in the city of Glendora, for $10.1 mil ($167/sf). The complex consists of two, two-story multi-tenant buildings on 2.6 acres of land at...
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Centex Builds $18 Mil Corona Lease 2/22/05 A 15.64-acre site in the Inland Empire city of Murrieta was purchased by a Newport Beach developer for nearly $5 mil ($7.34/sf). The buyer, Jefferson Business Center LLC, plans to build what will be one of the largest small b...
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T-I-C Buyer Makes $50 Mil City of Commerce Purchase 2/18/05 Argus Realty Investors LP, a San Juan Capistrano-based tenant-in-common buyer, purchased Commerce Office Park, a 285.4k sf office project in Los Angeles. The transaction was valued at $50 mil, or about $175/sf.
The five buil...
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Lots of Action! at LA Center Studios 2/18/05 Los Angeles Center Studios (LACS) has inked six long-term leases with new tenants in deals for a combined 31k sf of space at the full-service studio complex. These latest deals are with Maya Cinemas (theater circuit)/Esparza-...
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Santa Fe Springs Seller Cooks Up $7.8 Mil Deal with L.A.R.D. 2/17/05 A four-story, 54.3k sf office building at 14241 Firestone Blvd in the city of La Mirada was purchased for $8 mil ($147/sf). The property is located within La Mirada Gateway Corporate Center, east of Valley View Ave and adjace...
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We Hear about 500-Acre Foreign Trade Zone Through the Grapevine 2/17/05 Tejon Ranch Company (NYSE: TRC) and Rockefeller Group Development Corporation (RGDC) have teamed up in a joint venture at Tejon Industrial Complex (TIC), at the foot of the Grapevine off of I-5 in Southern California, in whic...
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Property Management Notes 2/16/05 Building Owners and Managers Association of Greater Los Angeles [BOMA-GLA] is moving forward on a comprehensive and highly-focused public safety plan to coordinate planning, communication and training efforts between emergenc...
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Einstein Sublease a Stroke of Genius for Sorrento Mesa Sub-landlord 2/16/05 Richmond American Homes inked a 60-month lease of 18.7k sf of office space in San Marcos for approximately $2 mil ($1.78/sf/mo). Located at 570 Rancheros Blvd, east of Twin Oaks Valley Rd and north of the 78 Fwy in San Marcos...
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JP Morgan Drives Bentley to $130 Mil Year-End Deal in Warner Center 2/15/05 Here's a follow-up to a big San Fernando Valley office sale we had reported as being in the works back in October of last year, as JP Morgan Fleming Asset Management closed on its $130 mil purchase of 21st Century Plaza in Wo...
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BKM to Develop Industrial Condo Project in Costa Mesa 2/15/05 BKM Development, an Orange County-based developer, has acquired three Costa Mesa industrial buildings, totaling 162.1k sf of space, for $16.2 mil ($100/sf). The properties are located at 3189-3193 Redhill Ave, south of the 40...
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$13 Mil Kontron Sublease in Poway Heads SD Industrial Deal Review 2/14/05 Demand for industrial space throughout San Diego County remains very strong, as evidenced by the sampling of recent deal comps in this report. The first transaction we'll review was in Poway, where Kontron America signed an 1...
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Oceanside Land Fetches $34.5 Mil 2/14/05 Here's a review of a pair of large sale transactions from San Diego County, with one being a land buy in Oceanside and the other being an industrial acquisition in Chula Vista.
The larger of the two deals was in Oceanside, w...
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Porsche Powers Ontario Build-to-Suit Deal 2/11/05 Tofasco of America Inc, based out of La Verne, purchased Portico Distribution Center, a 72k sf industrial building in Rancho Cucamonga, for $5.1 mil ($71/sf). The property is at 9570 Santa Anita Ave, east of I-15 and north of...
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