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• Rare Opportunity for Penthouse Space at Orange County's Plaza Tower
1/08/04
Let's kick off the New Year with news of a rare office space opportunity in Orange County as, for the first time in almost a decade, the penthouse floors at Plaza Tower are available for lease. E*Trade Financial is offering ...
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• Some Joy for Kilroy
1/08/04
It's been some half-year in the news for Kilroy Realty, the West LA-based REIT, and its CEO, John Kilroy Jr. And as is the case with real estate and we suppose, with life, some of it was good and some of it was bad.
Let's ...
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• It's a Grand Day as Five Finalists Named for Big Downtown LA Redevelopment Project
1/07/04
In a unanimous vote, the board of the Los Angeles Grand Avenue Authority selected five development teams to compete for the development of four key parcels on Grand Avenue in the downtown civic center. Based on the selection...
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• Watson Wins Price War
1/06/04
Watson Land Company, among the largest developers of master planned industrial centers in Los Angeles County, in December announced it had leased 195k sf to Price Transfer in Watson Industrial Center South. Price, one of the...
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• Glendale Brand is Strong with Investors
1/06/04
In December, a pair of sizable office building sales were announced, both of which should be closing very shortly. The first deal was reported in Real Estate Alert, which wrote a few issues ago that MetLife was on the verge o...
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• Westcord's Principe Displays a lot of Conejo Valley Intel-ligence
1/05/04
Here's a “double-double” deal update from the Conjeo Valley/Ventura County region as we've got a pair of recent transactions from the Conejo Valley and another pair of deals from just a bit further west, in Oxnard. We'll star...
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• Scripps Wraps Up Healthy $4.7 Mil buy in Encinitas
1/05/04
We've got more end-of-year sales comps from San Diego County to share with you. We'll kick off this report in Kearny Mesa, where a pair of private investors paid $2.45 mil for a 15.5k sf ($158/sf) industrial building at 5055 ...
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• Westside Sales in the Fourth Quarter
1/02/04
While not as active with regard to sales as fourth quarters of the past, there have been a few commercial trades of note. We'll start with the biggie that recently closed, which was the purchase by the team of Beacon Capital ...
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• Pepper Lane Longs for Warner Center Investment
12/31/03
Here's the scoop on a pair of end-of-year San Fernando Valley sales in the $10 mil to $15 mil range. The deals are on opposite ends of the Valley, with the more recent transaction taking place on the west side, in Woodland Hi...
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• Investors in Red-Hot San Diego Office Market Turn to Ash
12/31/03
Another downtown San Diego office building traded hands, as Glenborough Realty Trust paid $32.5 mil for 610 West Ash St. Located at the corner of West Ash and India Streets, the 19-story tower contains 174.2k sf and is 88% le...
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• Parker Finds Time for Leisure at Summit
12/29/03
Adding a key component to the office space at the Summit multi-phased commercial development in Aliso Viejo, Parker Properties, along with its partner CIGNA Investments, has sold six acres to Leisure Sports for it to develop ...
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• Cruzan/Monroe Sells Oceanside Industrial Park for $18 Mil
12/24/03
San Diego-based Cruzan|Monroe has sold Oceanside Prescott industrial park for $18.3 mil, roughly a year-and-a-half after they acquired the property in April of 2002 for $13 mil. The buyer was Alere Property Group. Tucker Hohe...
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• Upland Seller Goes Bolling for Dollars
12/23/03
Since you've probably been wondering about the latest news from the Inland Empire, we thought we'd pass on these recent updates. We'll begin in Rialto, where Balatazar and Rosa Mejia paid $2.94 mil for a 77.1k sf ($38/sf) ind...
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• Ricoh Inks Lease for 220k sf at Bedrosian's in Tustin
12/23/03
Ricoh USA inked a $3 mil, three-year lease for 220.5k sf ($0.38/sf/mo) of space, or close to half, of the 500k sf former Steelcase warehouse/showroom facility in Tustin acquired by Bedrosian's Tile and Stone less than two mon...
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• SoCal Hotel Sales Heat Up in December
12/22/03
It appears investor activity in the sector that took the biggest hit two years ago has come back strong in this past quarter, at least as far as SoCal is concerned. In the past month, several deals that have closed and are st...
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• Swinerton to Park Local Subsidiary at The Park Mitchell Building
12/22/03
San Francisco-based Swinerton Incorporated has purchased The Park Mitchell Building, a 20.5k sf Irvine office building, for $3.24 mil ($158/sf). Built in 1983, the two-story office building is located at 17731 Mitchell North,...
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• Holiday Season Sales Re-Cap from San Diego
12/19/03
For those of you who like to follow sales activity from San Diego, here's a little bit of holiday cheer, as we've got a handful of recent transactions to review for you in this report. We'll start in the city, with a land dea...
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• Cornerstone Hits Bullseye with Arrow Deal
12/19/03
It's been a little while since we've reported on activity from the San Gabriel Valley, and there's been a few interesting transactions worth covering since then. One of the deals was in the City of Industry, where Pick 5 Impo...
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• M. David Paul Sets Its Sights on New San Fernando Valley Projects
12/18/03
And now for the final conclusion to a major office sale that we've reported on a few times over the past year, as it went from on the market to under contract to now, as it's officially a done deal. The property we speak of i...
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• Santa Monica Building Signs Up for more Cable
12/18/03
Media giant Viacom has signed an eight-year, $8 mil lease for a 52k sf ($1.60/sf/mo) former industrial facility in Santa Monica that is being converted entirely to creative office space for occupancy by its wholly-owned MTV s...
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