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• Thousand Oaks Medical Condo Project Sold Out
4/26/05
Regency Medical Plaza, a new medical office condo project in Thousand Oaks, is completely sold out, as all 40 units are already in escrow or have already been sold. The two-story project sits on 4.5 acres of land at Newbury R...
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• Another Champion for Development in Pasadena
4/26/05
Champion Development acquired a 68.8k sf Pasadena site on which the company intends to develop a three-story, 118k sf commercial project, slated for either retail or office use. The company paid $5.5 mil ($80/sf) for the site...
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• Centra Takes Slice out of Cleveland Golf's Space Needs
4/25/05
Centra Realty Corporation, the Irvine-based development company, completed a 129k sf build-to-suit facility for Cleveland Golf. The big golf equipment manufacturer relocated more than 250 employees from their former facility...
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• Latest Leasing along Figueroa Corridor
4/25/05
We've got some news on some recent downtown office leasing activity, with a flurry of transactions occurring along the Figueroa Corridor. Let's head up to Third St, where at the World Trade Center building, 350 S. Figueroa S...
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• New $40 Mil Project Planned at Ocean Ranch Corporate Center
4/22/05
Laguna Beach-based K&G Banderas has acquired a 12.26-acre parcel at Ocean Ranch Corporate Center in Oceanside in a deal valued at more than $9.1 mil ($17/sf). The parcel of land will be subdivided into six separate parcels fo...
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• Stoneridge Plunks Down $13 Mil for Carlsbad Business Park
4/22/05
Stoneridge Capital Partners paid $13.17 mil for Research Center Plaza, a high-tech 81.1k sf ($162/sf) business park in Carlsbad. The complex consists of three buildings located at 2232 (15.9k sf), 2234 (15.9k sf) and 2236 (49...
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• Red Sea Parts with $28 Mil in El Segundo Buy
4/21/05
El Segundo Research Center, a 206k sf business park, was purchased by Alliance Commercial Properties for $28.5 mil ($138/sf). The property consists of a 126k sf building at 501 Continental and an 80k sf building at 1940 Marip...
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• Redondo Beach Leased Investment Fetches $300/sf
4/21/05
A 126.3k sf, two-story office building in Redondo Beach sold for $38 mil ($301/sf). The fully leased investment is located at 3715 Doolittle Dr, west of the 405 Fwy between Marine Ave and Manhattan Beach Blvd. Northrop-Grumma...
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• LBA Dials into SBC Tower
4/20/05
An affiliate of Irvine-based LBA Realty has acquired SBC Tower in downtown Los Angeles from a venture of Canyon-Johnson Urban Funds and New Pacific Realty in a deal rumored to have a price tag near $130 mil. Originally constr...
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• OC Investment Sales Continue on Steadfast Pace
4/20/05
Newport Beach-based Steadfast Companies has sold three small office buildings at its Birch Bayview Plaza in separate transactions totaling $11.7 mil. Birch Bayview Plaza is a new five-building Class-A business park located at...
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• Private Investors Spend $10 Mil on Westlake Office Property
4/19/05
A 64.8k sf office building in Westlake Village was acquired by a Burlingame-based private investment group for $10.3 mil ($159/sf). The building, which is located at 31416 Agoura Rd, was 81% leased at the time of the sale. Co...
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• Kilroy Inks very Intuit-ive Lease for Majority of New San Diego Campus
4/19/05
It's time to catch up on some notable leasing activity from San Diego County over the past month or so, starting in the Carmel Valley area, where Intuit inked a 10-year lease for the majority of a new four-building office cam...
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• Lumber Company Constructs $2.5 Mil Lease for Santa Fe Springs Space
4/18/05
Here's a quick review of some recent activity in the San Gabriel Valley and East LA area, starting in Baldwin Park, where Solomon Transport Services acquired a 1.73-acre truck terminal facility for $1.6 mil, or just over $21/...
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• Vendare Inks Lease for 67k sf at Continental Park
4/18/05
The Vendare Media Corporation has agreed to a seven-year lease for 67k sf of Class A office space within Continental Park, Continental Development's flagship mixed-use complex along the Rosecrans Corridor in El Segundo. Locat...
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• Industrial Properties near Mexican Border Generating High Interest
4/15/05
A Sacramento investment firm recently closed on a Calexico industrial buy, having paid $8.7 mil for a four-building property containing a total of 440.3k sf ($20/sf) of space. The investment consists of a 104.8k sf building w...
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• Sares-Regis Inks $10 Mil Anaheim Lease with a Big Stoner
4/15/05
Bedrosians Tile & Stone, the Fresno-based importer of ceramic tile and natural stone, inked a major lease for additional warehouse space in Orange County, signing a five-year, $10 mil agreement for a 375k sf ($0.44/sf/mo) fac...
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• Investors Snap Up San Gabriel Valley Industrial Buildings
4/14/05
Investment activity in the east San Gabriel Valley remains strong, as evidenced by these three recent deal comps from the region, in Irwindale and Duarte.
In one sale, a Paso Robles investor paid $3.34 mil for a 40k sf ($83....
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• La Habra Business Center Trades Hands for $16 Mil
4/14/05
The Bendetti Companay, an Irvine-based investment company, has acquired The Lambert Palm Business Center, a 186.2k sf industrial center, for $16 mil ($86/sf). The multi-tenant complex consists of 10 buildings on 9.92 acres at...
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• $87 Mil Washes Up on Shoreline
4/13/05
Shoreline Square, a major downtown Long Beach office property, has traded hands, as GRE Shoreline Square LP, a partnership between Bantry Holdings and GRE, paid $87.4 mil for the 383k sf ($228/sf) building. Located at 301 E. ...
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• Buyers Grab Industrial Properties in LA's Mid-Cities Area
4/13/05
In this report we'll review a couple of industrial property sales from LA's Mid-Cities region, with both deals in the $7.5 mil price range. In one transaction, AMC Investments, a private commercial real estate investment grou...
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