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September 30, 2023
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SOUTHERN CALIFORNIA NEWS
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• Commercial Ventures Cures Hyundai of Andrex
8/01/02
You've been hearing this same story from more and more office market reports of late very few tenants shopping for space but a lot of investment activity. And nowhere is this more apparent than in the South Bay, where vacan...
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• NBC Division Says NBC-Ya-Later to Current Home and Hello Pinnacle
7/31/02
Although pros tell us that the short-term outlook for activity in Burbank remains rather dismal, with few new sizable tenants touring space, there have been a couple of recent entertainment industry deals to report, one of wh...
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• Watson Lands Two More Tenants in Carson
7/30/02
We've got more news from Watson Land Company, the big LA-based developer of master-planned industrial centers. Just a couple of days after letting you know about the company's acquisition of a 32-acre site in Ontario, for the...
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• Adler Addles into Pasadena with a $2 Mil Buy
7/29/02
Woodland Hills-based Adler Realty Advisors has picked up a 26.2k sf mixed-use property at 1450-1460 N. Lake Ave, north of Washington Blvd in Pasadena. The office/industrial property, which sits on 1.3 acres of land, was sold ...
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• Kearny Mesa Building to House San Diego Workforce
7/29/02
Sammy Holding Company will be moving into NorthPointe Tech Center, after inking a seven-year, $5.2 mil lease for 47k sf ($1.32/sf/mo) of space at the three-building complex. Originally part of a 251.5k sf Hughes Electronics f...
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• UPS Delivers Logistics Subsidiary to New Rancho Cucamonga Facility
7/28/02
Watson Land Company, already one of the largest developers of master-planned industrial centers in the L.A. area, a few weeks ago paid $7.3 mil for a fully entitled 32-acre ($5.24/sf) site within Catellus Development's 588-ac...
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• Summit/Mack-Cali Selling Out Stadium in Anaheim
7/26/02
It's comp time for those of you keeping up on leasing activity in Orange County, as we run down a number of notable deals from the past few weeks. We'll begin with a juicy $7.2 mil government deal, as the Social Security Agen...
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• ADP Leases are Automatic
7/26/02
Automatic Data Processing (ADP), one of the largest independent computing services in the world, inked separate leases for two of the company's regional offices, in transactions with a combined value of $4.85 mil. One of the ...
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• American Cancer Event Honoring Developer Gerald Katell Raises over $740k for Cancer
7/25/02
Here's some news, while not specifically about commercial real estate, that we thought you might be interested in since it has to do with a prominent cancer research organization and a prominent LA real estate developer. Chef...
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• J.C. Penney Holds Building Sale in Buena Park
7/25/02
In this report we turn our attention to recent sales activity in the northern Orange County cities of Anaheim, Santa Ana, Placentia, Buena Park and Huntington Beach. Our first deal is in Santa Ana, where an investment entity ...
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• Studio Service Companies Hitch Trailers in Sun Valley
7/24/02
It's not often that we report on deal activity in Sun Valley, but today we've got a pair of larger industrial deals from the area to let you know about. Sometimes confused with Sunland, a neighboring community just a few mile...
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• LNR Signs Pair of New Tenants at Warner Center
7/23/02
In Warner Center, Science & Applied Technology did an understandably quiet deal for 74k sf of new space at LNR Warner Center, while also renewing their 30k sf in two buildings nearby on Califa St. The tenant was repped by Jos...
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• Investors Have Been Bieri Busy in San Diego
7/23/02
It's time to catch up on some of the latest sales activity in San Diego, one of our favorite counties in this Golden State of ours. We'll start in Kearny Mesa, where HUB Properties Trust picked up Sky Park Centre, a 106.8k sf...
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• Arden/Westfield Lease Has All the REIT Stuff
7/22/02
For those of you who like to keep up on as many comps from West LA as possible, this report will give you a rundown on a number of recent deals from the region. To begin, we'll give you a final re-confirmation on a major leas...
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• July 19, 2002 - Get Ready for $400 Mil Sale at Glendale Galleria
7/19/02
Glendale Galleria, the successful 1.3 msf mega-mall at the south end of Glendale's business core, is reportedly being made available for sale. According to a recent piece in Real Estate Alert, the center's ownership, made up ...
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• California Pizza Kitchen Serves up 10-Year Renewal at Arden's Skyview Center
7/19/02
Arden Realty recently inked a pair of 10-year leases at Skyview Center I, a 20-year-old office tower at 6033 W. Century Blvd, between Sepulveda and Airport Blvds by LAX. The 12-story 195.3k sf building is one of two structure...
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• LAUSD Pays $13 Mil to Send Students to Van Nuys Drive-In Theater
7/18/02
We've got a pair of deals to report from Van Nuys, a part of the city of LA that sits in the very center of the San Fernando Valley. We'll begin with a more unusual transaction, as the Los Angeles Unified School District pick...
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• Ontario Office Sale Towers Over Region
7/17/02
Although we typically report on major warehouse/distribution property deals when we cover the Inland Empire, the region has seen its second large office sale in just three months. In this latest transaction, Irvine-based CIP ...
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• Latest Pasadena Mixed-Use Development Looks Like a Champion
7/17/02
LA-based Champion Development has started construction on the office and retail component of the Pasadena Collection, a $40 mil mixed-use development at the corner of Cordova and Lake Avenues in Pasadena. The four-story, 75k ...
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• Equity Office Properties News
7/16/02
Recent media sources abound with reports of big doings at Equity Office Properties Trust, the nation's largest office REIT. First off, there have been a slew of financial happenings in connection with the company's Cumulativ...
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