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• TA Associates has a Ball in Anaheim
9/20/04
Boston-based TA Associates Realty recently closed on a $10 mil purchase of Ball Road Business Park, a 114k sf ($88/sf) multi-tenant office/R&D business park in Anaheim. The five-building complex is located at 701-741 East Bal...
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• Carlsbad Building Gets Fresh Start with Latest Tenant
9/17/04
MediVas LLC, a biomedical company, signed an 80-month, $6.33 mil lease for 47.3k sf ($1.67/sf/mo) of biolab space in Carroll Vista Center. The building is at 6275 Nancy Ridge Dr, south of Mira Mesa Blvd and east of I-805 in S...
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• SoCal Year-to-Date Lodging Sales Review
9/17/04
By Steve Bloom
Next to the airline industry, perhaps no other industry felt the economic effects of 9/11 as directly as the hotel industry. Remember the absolute cratering of any hotel sale or development deal right after th...
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• Dolphin Partners Enjoys the Investment Waters in Orange County
9/16/04
In this report we'll track some recent office property sales from Orange County, starting in Laguna Hills, where Irvine-based Dolphin Partners picked up a 54.2k sf Class B building at 23461 South Pointe, west of I-5 and south...
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• Alliant Sleeps Tonight at a New Building in Warner Center after Signing $6 Mil
9/15/04
Alliant Asset Management Company, a financial services firm, has nearly doubled its office space in Woodland Hills, after signing a $5.8 mil, 127-month lease for 19.8k sf ($2.31/sf/mo) of space at 21600 Oxnard St, next door t...
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• CarrAmerica Pulls into Del Mar Heights with $35 Mil Purchase
9/15/04
CarrAmerica Realty Corp, the Washington DC-based REIT, closed on a sizable office buy in San Diego, after paying $35.6 mil for Corporate Plaza II, a 116.2k sf ($306/sf) office complex in Del Mar Heights. The low-rise property...
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• Real Estate Partners Brokers $8.1 Mil Sale of Nevada Office Property
9/14/04
A Nevada-based real estate entity has sold three office buildings in Henderson, Nevada for $8.1 mil. The buildings, which total approximately 42k sf ($193/sf), are part of a multi-building professional office complex that the...
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• Dollar Site Near LAX Fetches $14 Mil Dollars
9/14/04
Here are a couple of interesting sales comps from LA's South Bay region. In one of the deals, a Beverly Hills-based private investment group paid $14.3 mil for the 4.38-acre ($75/sf) site of a rental car operation near LAX. T...
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• $7.5 Mil Investment Puts Rexford Industrial on Easy Street
9/13/04
Jamison Properties, the rapidly growing Mid-Wilshire-based office property owner led by Dr. Lee, just grabbed another West Valley office building, having paid $6.4 mil for Woodland Hills Plaza, a 48.3k sf ($132/sf) office bui...
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• Clear Channel Clears Out Vacant Burbank Building for $3.2 Mil
9/10/04
In the latest activity from LA's Tri-Cities region, we've got a couple of sales in Burbank to report, along with a recent lease in Glendale. Leading off with the sales, an investor paid $3.2 mil for a 26.2k sf ($122/sf) offic...
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• Self-Storage Operator Finds Some Extra Space in West LA
9/10/04
The folks at Coldwell Banker Commercial WESTMAC have let us know about a few recent Westside deals, which we'll share with you in this report. In the largest transaction in this group, South Division Jefferson Industrial Cent...
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• Continental Keeps Unocal at El Segundo Park
9/09/04
In one of the biggest leases signed so far this year in El Segundo, the South Bay city that hugs the south side of LAX, Unocal Corporation, one of the world's leading independent natural gas and crude oil exploration and prod...
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• Private Investor Pays $7 Mil for New Food Court in Warner Center
9/09/04
A private investor paid $7.15 mil for LNR Warner Center Food Court, a new 10.5k sf ($681/sf) retail center located at 5780 Canoga Ave in the Warner Center area of Woodland Hills. Irvine-based developer Lennar Partners, a div...
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• Construction Started on New 171k sf Facility for John Paul Mitchell Systems
9/09/04
John Paul Mitchell Systems, one of the leading manufacturers and distributors of hair- and skin-care products, has begun construction on a new 171k sf facility in Santa Clarita, which will enable the firm to expand its region...
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• The Price was Right in $6.5 Mil Lease at Watson Industrial Center South
9/08/04
Price Transfer, a logistics/distribution firm based in the South Bay, has inked a five-year, $6.5 mil for an additional 219.6k sf ($0.49/sf/mo) of space in Watson Industrial Center South, more than doubling its space at the c...
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• Japanese Travel Service Firm Plans 10-Year Visit to Gardena
9/08/04
Kintetsu International, a Japanese-owned global travel service network, has leased 18k sf of office space in Pacific Pointe Tower, located at 879 W. 190th St in Gardena, for consolidation of its U. S. headquarters. The 10-yea...
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• September 7, 2004 - Nothing Common About Corona Commons
9/07/04
The Inland Empire continues to experience serious demand for all types of real estate that can be constructed there, and no city is growing up like Corona. Once one gets past the beer name, one learns about the pro business b...
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• Northrop Inks Five-Year Deal for Santa Barbara Space
9/07/04
Northrop Grumman inked a five-year lease for 14k sf of research and development space at the Cabrillo Business Park in Goleta, just north of Santa Barbara. The deal is valued at over $2 mil ($2.38/sf/mo).
Steve Fedde, vice ...
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• Bedrosian Tile Picks Up Vista Retail Building for $10 Mil
9/07/04
Bedrosian Tile, through a related entity called Bedrosian Vista LLC, has purchased a 105k sf retail building in Vista for $10.2 mil ($97/sf). The building, which is located at 1725 Hacienda Dr, south of the 78 Fwy and east of...
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• Real Estate Equity Firm Extends Its Broadreach to Culver City
9/03/04
Broadreach Capital Partners LLC acquired Park Place, a 157k sf office campus in the West Los Angeles market of Culver City. The 16-building complex, which sold for $27.25 mil ($173.50/sf) is located at 6001-6095 Bristol Pkwy...
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