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• Home Depot Inks Majestic Distribution Deal for 600k sf SGV Facility
5/06/05
Majestic Realty signed another tenant for a large distribution facility at the company's master-planned Grand Crossings industrial project in the City of Industry. The Home Depot Supply Inc, a division of The Home Depot that ...
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• Carlsbad Sales Ring Up to $11.5 Mil
5/06/05
A 98k sf warehouse building located in the Carlsbad Research Center was purchased by Research Center Pointe LLC, a partnership of Newport National Corporation, for $7.2 mil ($73/sf). The building, which is at 2210 Faraday Ave...
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• Crown Acquires Trio of Properties from Kilroy
5/06/05
Privately held Crown Realty & Development purchased three buildings, totaling 303k sf of space, from Kilroy Realty Corp, the West LA-based REIT, in a transaction valued at near $39 mil ($129/sf). The transaction consisted of ...
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• SBC Calls in Five-Year Renewal at The Alhambra
5/05/05
Pacific Bell Information Services, a division of communications giant SBC, inked a renewal for 16.8k sf of office space at The Alhambra, the 1 msf office campus in the San Gabriel Valley community of Alhambra. The five-year d...
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• May 5, 2005 - Harrah! Harrah! Santa Ana to Get New 37-Story Tower
5/05/05
For fans of new office high-rises, of which we count ourselves, Tuesday April 5th was a great day for Orange County since the voters of Santa Ana made the smart decision and, in a special election, approved the plans by Mike ...
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• El Cajon Buyer goes for the Big Bucks
5/04/05
In an Otay Mesa sale, the Costa Brava Trade Center was purchased for $3.9 mil by Helen Park, owner of Accell Transport. This free-standing corporate HQ facility contains 49.3k sf ($79/sf) of space and sits on 2.75 acres at 86...
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• May 4, 2005 - Sares*Regis Group Closes $36 Mil San Gabriel Valley Buy
5/04/05
Irvine-based Sares*Regis Group acquired Baldwin Park Industrial Center, a 450.9k sf master-planned project of 10 buildings in the San Gabriel Valley, for $36 mil ($80/sf). Sares*Regis Group's financial partner in the transact...
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• Construction Underway on 108k sf Spec Industrial Building
5/03/05
Construction is underway on a new 107.9k sf industrial building in the 300-acre, master-planned Agua Mansa Industrial Center in Riverside County. The project, located at 1135 Hall Ave, is being built by Seventh Street Develop...
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• Investors Collect Entire Series at The Collection at Eastlake
5/03/05
All 12 industrial buildings in The Collection at Eastlake, a multi-tenant business park located at Fenton St and Lane Ave in Chula Vista have been sold by an entity set up by Master Development Corp called Eastlake Collection...
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• Corp Center Open for Business
5/02/05
Balfour Corporate Center, the first office condominium project built in the San Diego market since the early 1980s, is now complete and is being offered for sale by a joint-venture partnership that includes Shea Properties an...
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• SCI Wants People to "Own Big. Own Better."
5/02/05
Los Angeles-based SCI Real Estate Investments has announced plans to open up to 15 additional field offices throughout the US in the next three to six months. The new regional offices are planned for Atlanta, Chicago, Dallas...
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• Financing Notes
4/29/05
Sonnenblick-Eichner Company arranged a combined total of $68.5 mil in financing for two separate hotel properties in California located in renowned tourist destination cities. In the larger of the two deals, Sonnenblick-Eichn...
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• April Shower of OC Office Building Sales
4/29/05
West Millennium Homes, a Southern California-based luxury homebuilder, paid $15.25 mil for a 67k sf ($228/sf) office building situated on 3.7 acres at 18831 Von Karman Ave in Irvine. The Class A building, which is home to mul...
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• $105 Mil No Barrier for RREEF in LNR Warner Center Buy
4/29/05
Phase III at LNR Warner Center in Woodland Hills was just sold to the same entity that recently acquired phases I and II. RREEF, the investment management division of DB Real Estate, purchased the two-building, 358.7k sf asse...
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• April 28, 2005 - Westside Deal Notes
4/28/05
In this article we'll discuss a few sales for stylish office properties on LA's Westside, and then close with news of a top local leasing veteran making a move to a different firm. But first, we'll let you know that, accordin...
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• Moreland Acquires More Land in Bakersfield
4/28/05
Since it's not often that we report on activity from Bakersfield, this update should give you a little better idea of land values and the demand for new projects here, as it will cover four recent land sales from this inland ...
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• Venture between Oscar De La Hoya and Highridge Partners a Golden Opportunity
4/28/05
Golden Boy Enterprises, led by Oscar De La Hoya, and Highridge Partners, an international real estate developer and investor headed by John Long, announced the formation of a new company, Golden Boy Partners, to revitalize an...
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• Anaheim Office Building Reaches Safe Harbor
4/27/05
Huntington Pacifica, a 42.5k sf multi-tenant office building in Huntington Beach, was acquired by an investment group for $6.425 mil ($151/sf). The property is located at 18377 Beach Blvd, between Main St and Talbert Ave, wes...
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• Transpacific and CalPERS Grab Each Other's Assets
4/27/05
Torrance-based Transpacific Development Company (TDC) has acquired $83 mil of property from CalPERS in California and Texas. The deal involved three buildings totaling more than 1.1 msf of space.
This transaction was unique,...
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• Van Nuys Office Complex Sells for $40 Mil
4/27/05
Embarcadero Capital Partners has paid roughly $40 mil for Sherman Plaza, a two-building office complex totaling 290k sf ($138/sf) in Van Nuys. The complex is located at 15350-15400 Sherman Way, between Sepulveda Blvd and the ...
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