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• Prudential Wants Its MTV… in 128k sf
6/15/05
A couple of media-related firms recently inked leases on LA's Westside, one a renewal and another for new space. In the larger deal, MTV agreed to a 10-year, $43 mil expansion/renewal deal for a total of 128k sf ($2.80/sf/mo)...
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• Magellan Explores Tight Industrial Market in Commerce
6/15/05
Industrial property in LA's Mid-Cities remains in great demand, particularly in the City of Commerce, as evidenced by these latest two representative transactions, one a sale and the other a lease. Both deals involved The Mag...
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• DRA Advisors Picks Up 259k sf El Monte Facility
6/14/05
A two-story, 258.6k sf office/warehouse building in El Monte was acquired by DRA Advisors. The property is situated on 7.95 acres at 9320 Telstar Ave, east of Rosemead Blvd and south of I-10 in El Monte. It was sold by Irvine...
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• A Deluxe Expansion Lease in Burbank
6/14/05
Deluxe Digital Studios Inc has signed an expansion lease for an additional 13.5k sf of space in Burbank at Burbank Empire Center, giving the media services firm a total of 78.8k sf of space at the eastern San Fernando Valley ...
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• June 14, 2005 - The Downtown LA Story Gets Deeper
6/14/05
By Steve Bloom
It seems like the caulking isn't even fully cured on such exciting downtown LA projects as the Walt Disney Hall, the Cathedral of Our Lady of the Angel, or the many interesting recent residential projects, and...
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• Kilroy Nabs 11 Acres at Sea Breeze's Plaza 56
6/13/05
Kilroy Realty, the West LA-based REIT, has purchased 11 acres of land located on the southern half of Sea Breeze Properties' Plaza 56 for $24 mil ($50/sf). Kilroy plans to develop additional Class A office space on the land, ...
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• Ross Gets a New Address for Less than $40 Mil
6/13/05
Ross Stores Incorporated (NYSE:ROST) has purchased Eastgate Business Center, a 686k sf industrial building located at 17800 Perris Blvd in Moreno Valley. The transaction, which has a total value of more than $38.2 mil ($56/sf...
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• Westcore Flies with Longwing on $12 Mil Sorrento Mesa Office Buy
6/10/05
A partnership of Westcore Properties LLC and Longwing Real Estate Ventures has acquired Mira Oberlin Plaza, a six-story office building totaling 72k sf, for $12.4 mil ($172/sf). The property is located at 5880 Oberlin Dr, on ...
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• Birtcher Anderson Generates $74 Mil from Sales of Two OC Office Properties
6/10/05
Birtcher Anderson Realty LLC collected $74 mil from the recent sales of two Class A office properties in Orange County. Birtcher, a Laguna Niguel-based commercial real estate investment entity formed within the Birtcher Real ...
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• CIM Puts the Finishing Touches on another Hollywood Blockbuster
6/10/05
CIM Group recently closed on another Hollywood property, paying $19.95 mil for the 88k sf ($227/sf) Stephen J. Cannell Studios Building at 7083 Hollywood Blvd. The property, which was purchased by CIM's Urban REIT Properties,...
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• Northrop Grumman Leases 216k sf of Aero Space in El Segundo
6/09/05
In a major South Bay lease and a welcome deal for Overton Moore Properties (OMP), giant aerospace firm Northop Grumman has signed a lease for OMP's Douglas Tech Center, a 216k sf office/light industrial facility at 445 N. Dou...
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• Essex Rocks On with $10 Mil Costa Mesa Office Buy
6/09/05
An investment entity controlled by Essex Property Management closed on an office property buy in Costa Mesa, having paid $10.1 mil for four Class B office buildings containing a total of 56.7k sf ($179/sf) of space. The build...
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• SD Sales: Kennedy-Wilson Closes $19 Mil Carlsbad Buy
6/09/05
A two-building, 97.2k sf office complex in Carlsbad was acquired by a Kennedy-Wilson-related entity for $19.38 mil ($199/sf). The property, called One Carlsbad Research Center, is located at 2382-2386 Faraday Ave, north of Pa...
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• New 500k sf Office Project to take Off at Ontario Airport
6/08/05
A partnership of PGP Partners Inc and RREEF plan to develop a new 500k sf Class A office project in Ontario to be named Ontario Airport Towers. The project will be the largest new office development in the Inland Empire, one ...
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• Coaster Company Rolls into another Three Years at Santa Fe Springs Facility
6/08/05
Coaster Company of America, one of the leading furniture distributors in the US, has inked a three-year lease renewal for the entire 284.6k sf industrial building at 12434 Lakeland Rd, between Norwalk Blvd and Bloomfield Ave ...
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• Shipping Firms Love those Gardena Buildings
6/07/05
International Shipping, a full-service worldwide moving company, has paid $6.8 mil for a 105.6k sf ($64/sf) industrial facility at 13500 S. Figueroa St, just east of Gardena. The property, which drew nine offers in three week...
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• New Development from EOP to Bridge Office Space Needs in UTC
6/07/05
Equity Office Properties, the big Chicago-based office REIT, plans to get underway in the next couple of months with a new $36 mil office development in San Diego's University Towne Center submarket. The spec project, called ...
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• Investors Go on $103 Mil Ontario Safari
6/07/05
Safari Business Center, a Class A multi-tenant industrial and office park consisting of 16 buildings and approximately 1.1 msf of space in the city of Ontario, was acquired by an institutional real estate investment manager a...
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• Investors Choose the Fairway to Acquire New Buildings
6/06/05
Fairway Commercial Partners sold the three buildings that make up Fairway Business Park, a recently completed 111k sf development located within Centre Pointe Business Park in Santa Clarita. Collectively, the buildings sold f...
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• Glendale Office Tower Trades for $21 Mil
6/06/05
A 93k sf office building in Burbank was purchased by TWS Realty Inc for $21 mil ($226/sf). The seven-story, glass and steel tower, which was built in 1976, is located at 600 N. Brand Blvd, just south of the 134 Fwy. It was 10...
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