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• Law Firms Rack Up $37 Mil in Downtown LA Office Deals
6/03/05
CB Richard Ellis recently closed a pair of downtown LA law firm leases with a combined value of around $37 mil. The firms are Heller Ehrman LLP, which signed for 77.7k sf of space at Bank of America Plaza, and Hennigan, Benne...
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• Financing Notes
6/03/05
ARCS COMMERCIAL MORTGAGE: ARCS Commercial Mortgage Co L.P closed $32 mil in financing for the Northpoint Apartments, a 514-unit property in San Francisco. The four-story elevator-style complex, located in the city's Fisherman...
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• First Quadrant Renews HQ Space in Pasadena
6/03/05
First Quadrant, an investment strategy firm, will remain at its existing HQ location in Pasadena, after inking a long-term renewal for 22.6k sf of office space at Pasadena Towers I. The Class A office tower is located at the ...
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• Property Management Notes
6/02/05
RiverRock Real Estate Group, the OC-based management and leasing firm led by industry veteran John Combs, recently was awarded a couple of newsworthy assignments, in the West San Fernando Valley and in Laguna Hills. In the Va...
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• Brokerage Pro Moves: Bortnick Named President at REZA Investment Group
6/02/05
WHITLEY COLLINS, JOHN MCROSKEY, MIKE MCROSKEY, ALAN AUFHAMMER, GARY HORWITZ AND TONY MORALES: A group of top SoCal brokers have moved over to The Staubach Company, as principals in the company's LA operation. The team consist...
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• Cruzan/Monroe Starts Work on Redev of Historic Downtown SD Warehouse
6/01/05
The historic TR Produce Warehouse in downtown San Diego is about to be redeveloped into an exciting mixed-use project that will include upper-level office suites above a 20k sf restaurant and retail component. Formerly known ...
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• Art Institute Makes Tri-City Corporate Center Look Good
6/01/05
Leasing at Tri-City Corporate Centre in San Bernardino has really picked up steam since last year, as new deals signed since January have totaled more than 105k sf. This includes a $6.2 mil, 10-year deal executed this month b...
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• Miracle Mile Tower Inks Renewals for 170k sf
5/31/05
Demand for office space on LA's Westside continues to gain momentum, as evidenced by recent activity at 6500 Wilshire Blvd, a 23-story high-rise in the city's Miracle Mile area. In the latest news, four existing tenants have ...
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• Brentwood Moves to Santa Monica
5/31/05
A 26.6k sf industrial building at 1610 Colorado in Santa Monica was purchased by Brentwood Equities LLC for $7.5 mil ($282/sf). The building, located across the street from Fisher Lumber on the south side of Colorado between ...
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• The Magnificent Seven Earn $5.6 Mil from Miramar Deal
5/27/05
In this report, we'll review a trio of office properties in San Diego County that recently traded hands. We'll start in Miramar, where a 32.7k sf building at 8977 Activity Rd, east of Camino Ruiz and north of Miramar Rd, was ...
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• Industrial Property Trio in Carmel Mtn Ranch Fetches $59 Mil
5/27/05
A Dallas investor picked up a three-building industrial portfolio in Carmel Mountain Ranch in a deal valued at $59.5 mil. The three buildings contain a total of 329.4k sf ($181/sf) of space and are located at 12270, 12310 and...
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• Big Industrial Lease is a Deal for All Seasons
5/26/05
Four Seasons General Merchandise has inked a long-term lease for a newly constructed 613.4k sf industrial facility in unincorporated LA County just west of the City of Industry. Four Seasons is one of the largest brand name a...
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• Investor Nabs West Valley Office Property
5/26/05
An unnamed San Fernando Valley investor purchased a four-story, 80k sf Class A office building in Canoga Park for $11.1 mil ($139/sf). The building is located on 1.3 acres at 6800 Owensmouth Ave, across from the Westfield Mal...
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• $5.7 Mil City of Industry Facility Alleviates Glass Pains
5/26/05
PRL Glass Systems has paid more than $5.7 mil for an 81.5k sf ($70/sf) industrial facility within Fairwest Industrial Park in the City of Industry. The building is on 5.5 acres of land at 14760 Don Julian Rd, south of Valley...
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• Financing Notes
5/26/05
Here's a follow-up to a notable West LA acquisition we reported recently, that being ScanlanKemperBard's $39.3 mil purchase of Corporate Pointe, a 204.6k sf ($192/sf) office complex situated just east of Fox Hills Mall and th...
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• Torrance Office Property Fetches $25 Mil
5/25/05
A Beverly Hills-based private investor purchased Torrance Center South, a 144.4k sf office complex located at 21151, 21171 and 21221 S. Western Ave, north of Carson St in Torrance. The transaction was valued at $25.2 mil, or ...
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• PETCO Renews 330k sf Mira Loma Facility
5/25/05
PETCO, the big San Diego-based pet supply company, inked a long-term renewal for its 329.8k sf distribution center in the Inland Empire. Owned by Ohio State Teachers Retirement System, the facility is at 4345 Parkhurst St, ju...
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• Dunn, Da Dunn, Dunn
5/24/05
In this report we'll cover a few smaller sales from LA's Westside, ranging between $1 mil and $3 mil in size, several repped, at least in part, by agents at Charles Dunn Company. We'll begin with a land sale, as the Heron Fam...
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• Financing Notes
5/24/05
Fremont Investment & Loan recently closed on $65 mil in financing towards a major new development in downtown San Diego. The money was for the acquisition of 7.13 acres of land, on two parcels adjacent to the south side of PE...
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• May 23, 2005 -- SFV Stays Evergreen with Progressive Insurance Tenants
5/23/05
The Valley has long had the reputation as being a hub for insurance companies of all makes and models, and a recent pair of news items about lease signings in Encino and Sherman Oaks only reinforces that fact. After we let yo...
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