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• Bryman Leases 42k sf Building at The Alhambra
4/20/04
Bryman College recently inked a lease for a 42.2k sf free-standing building at The Alhambra, the 45-acre, 1 msf urban campus at 1000 Fremont in the city of Alhambra. Bryman, which is part of the Corinthian Colleges network of...
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• Thomas Properties Prepares for a $250 Mil Public Offering
4/20/04
Less than a year after Rob Maguire took his property portfolio public, his former partner at what was once Maguire Thomas Partners, Jim Thomas, is readying to take his own company public in a $250 mil stock offering. As repor...
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• 127k sf Lease is a RREEF Crowd Pleaser
4/19/04
Pleaser USA, a distributor of fashion-trendy shoes, stepped into a new warehouse location, after inking a five-year, $3.8 mil lease for a 127.4k sf ($0.50/sf/mo) industrial building at 679 S. Placentia Ave, north of Orangetho...
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• Private Investors Bank $35 Mil at Washington Mutual Campus
4/19/04
A portfolio of three office buildings in the west San Fernando Valley traded hands for $35 mil, or about $125/sf. The properties, which contain a combined 280k sf of space and are part of the 15-building, 1.1 msf Washington M...
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• UMA Inks 460k sf Industrial Lease in Compton
4/16/04
In one of the biggest industrial leases in LA's South Bay in quite some time, UMA Enterprises inked a 72-month lease for two buildings with a combined 457k sf of space. The properties are located at 660 and 700 W. Artesia Blv...
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• No Sour Grapes at Vineyard at Ninth
4/16/04
Construction is underway on an exciting new industrial development in Rancho Cucamonga, as Investment Development Services Inc (IDS) broke ground on Vineyard at Ninth, a $28 mil business park. Grading has already begun on the...
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• Financing Notes
4/16/04
In this report we'll review a handful of recent SoCal financing deals on a variety of property types. Our first brief is for an Inland Empire apartment complex, as Johnson Capital arranged $5.2 mil in permanent financing for ...
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• YWCA to Build Job Corps Campus in Downtown LA
4/15/04
The YWCA of Greater Los Angeles recently announced plans to build a first-of-its-kind Job Corps urban campus in downtown LA, near the Staples Center. The $40 mil facility will be located on Olive St, between 11th and Olympic,...
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• Piper Rudnick Still Piping Hot
4/15/04
For many SoCal real estate pros, it's been difficult not to notice the rise of the law firm Piper Rudnick here in the LA area, which has just about doubled in size in the past year under the guidance of Jeffrey Rosenfeld, Man...
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• Carson Industrial Facility Sells for $4.8 Mil
4/15/04
Filko International Corp purchased a 65.4k sf industrial building in Carson for $4.8 mil ($73/sf). Located at 17813 S. Main St, between the 91 Fwy and Victoria St, the facility is located near the 5, 405 and 110 Fwys. Origina...
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• April 14, 2004 - Pacific Coast Capital Partners Lifts Off with Former Space Shuttle Site
4/14/04
Pacific Coast Capital Partners, LLC (PCCP) teamed up with Industrial Realty Group (IRG) in a $20 mil equity investment for the acquisition and redevelopment of a portion of Downey Landing, an $80 mil mixed-use project in Down...
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• Investors Spend $7.65 Mil on Downtown San Diego Office Property
4/13/04
A six-story, 73k sf office building in downtown San Diego traded hands for $7.65 mil ($105/sf). The building is located at 1111 Sixth Ave, at C St, about three blocks northeast of Horton Plaza. The buyers were Albert and Ethe...
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• Wells Orders a Couple of Manhattans to Go With Its SoCal Feast
4/13/04
Wells Real Estate Investment Trust II, a subsidiary of Atlanta-based Wells Real Estate Funds, closed on a major South Bay property in the past week, having paid roughly $90 mil for Manhattan Towers, a two-building property co...
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• New Office Condo Development Planned in San Marcos
4/12/04
Plans are underway for a new 38.5k sf office condo project located at the 900 Block of Boardwalk St in the old town area of San Marcos. Called Park Place North, the three-story, steel frame building is being developed by Nort...
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• JMI and Cisterra Reach Binding Agreement for DiamondView Tower in San Diego
4/12/04
It looks like development of a new office property on a site adjacent to the new PETCO Park is set to move forward. JMI Realty has entered into a formal agreement with Cisterra Partners for the development of a 14-story offic...
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• Watson Land Fights On for $4 Mil USC Lease
4/09/04
USC Intermodal, a growing logistics and distribution company, signed a five-year, $4 mil lease for a 135.7k sf ($0.49/sf/mo) building at 720 Watson Center Rd in Watson Land Company's Watson Industrial Center South. The lease,...
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• Historic Culver Studios in Culver City Sells For $125 Mil
4/09/04
By Steve Bloom
On a sunny SoCal morning this past Tuesday, on the lawn in front of the historic mansion office building at the Culver Studios, a handful of reporters, including yours truly, and other business associates atte...
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• Birtcher Anderson Venture to Build $250 Mil Portfolio
4/08/04
Real estate industry veterans Arthur Birtcher and Bob Anderson have recently launched a new investment entity within the Birtcher Real Estate Group of companies that will focus solely on commercial real estate investment. Cal...
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• Rancho Bernardo Property Sells for $4.5 Mil
4/07/04
A private partnership bought the former Douglas Barnhart Building, a 26.6k sf structure on 2.04 acres at 17075 Camino San Bernardo in Rancho Bernardo. The building, originally constructed by the Douglas Barnhart Construction ...
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• Irvine Office Sale Required Analytical Planning
4/07/04
A 23.6k sf office building in Irvine was sold for $3.73 mil ($158/sf). Located at 2569 McCabe Way, the building is adjacent to the north side of the 405 Fwy, between Von Karman Ave and Jamboree Rd. The buyer, Repfund 2569 McC...
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