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Hotel del Coronado Set to Sell for Near $385 Mil 10/28/03 A partnership consisting of CNL Hospitality Properties Inc (CNL) and KSL Recreation Corporation (KSL) has entered into an agreement to purchase the legendary 688-room Hotel del Coronado from Lowe Enterprises Investment Manage...
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Choice Indian Wells Site Hits the Market 10/28/03 Here is an interesting piece of land that is now actively on the market down in Indian Wells, part of the greater Palm Springs area in Coachella Valley. The site consists of approximately 64+ acres of resort commercial land t...
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Mechanical Difficulties Delay Take Off of El Toro Auction 10/27/03 Timing is a funny thing, as the people trying to auction off the land that was the El Toro Marine Base are rediscovering. Many in the RENTV audience know that the Navy is planning on selling the 3,700 acres just east of Irvin...
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$7 Mil Sherman Oaks Office Property is so Metropolitan 10/27/03 A San Fernando Valley office property traded hands, as Metropolitan Pacific Capital LLC paid $7.1 mil for 12925 Riverside Dr, a 37k sf ($192/sf) building situated west of Coldwater Canyon Ave and north of the 101 Fwy in Sherm...
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Here's the Low Down on New Torrance Business Park 10/24/03 Jalux Americas Inc, a subsidiary of Japan Airlines, will relocate its headquarters to the LAX Business Center after signing a 10-year, $2.9 mil lease for 13k sf ($1.86/sf/mo) at 390 N. Sepulveda Blvd. Jalux will occupy a por...
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CB Kruse-ing Along with Hiring of Top LA Industry Veteran 10/23/03 In a major SoCal brokerage pro move, Jim Kruse, a 25-year industry vet, joined CB Richard Ellis to head its Los Angeles South operations. Kruse joins CBRE from Grubb & Ellis where he served as Executive Vice President of the ...
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Cedars-Sinai Writes Perfect Prescription for JP Morgan 10/23/03 Cedars-Sinai Medical Group, the huge West LA medical organization based around Cedars Sinai Hospital and in a number of adjoining offices between 3rd St and Beverly Blvd, on the west side of San Vicente Blvd, has just inked a...
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Leasing at Encino Building On-Course after New Deal for Rutter 10/23/03 In a recent Calabasas lease, the Center for Civic Education, an internationally renowned non-profit educational organization that promotes the principles and practice of democracy, signed a five-year, $1.6 mil deal for 16.4k ...
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Air Conditioning Company Pays a Cool $1.2 Mil for Corona Facility 10/22/03 Here's the scoop on a couple of industrial property buys from the Inland Empire, one in Ontario and the other in Corona. We'll start with the Ontario transaction, as Tech Packaging Inc, a Florida-based packager of food and pe...
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Basslamp Goes Fishing for Buildings in Eagle Rock 10/21/03 Here's a recent office sale in Burbank, as Molai Properties paid $2.5 mil for a 20.6k sf ($121/sf) building at 217 East Alameda Ave, east of San Fernando Blvd. Aziz Molia, who owns Molia Insurance Agency, an independent Allst...
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More and More Sales from Orange County 10/21/03 September was a busy busy month on the sales front in Orange County, as we've still got a number of interesting transactions to let you know about from the past month or so. So to augment the deals we typed up in earlier repo...
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The Irvine Company gets Quality Assurance with UTC Office Lease 10/20/03 Here's a quick update on a trio of office lease comps in San Diego County. The first transaction is in Mission Valley, where Premier Office Centers agreed to a five-year, $2.63 mil lease for 18.6k sf ($2.36/sf/mo) of space at...
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October 17, 2003 - Sentre Buys a Center in San Diego's Center City 10/17/03 A partnership of GE Capital Advisors and Sentre Partners has bought the Koll Center San Diego, the colorful Class A high-rise at 501 W. Broadway, in the heart of downtown. Although a price was not disclosed, we had reported ...
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Office Property Sales Continue their Ascent in Burbank 10/16/03 Here's news of a recent San Fernando Valley office sale, as Younan Properties Inc paid roughly $10 mil for Warnerview, a 60k sf ($167/sf) building at 5959 Topanga Canyon Blvd, at Oxnard St. The building was purchased from Kea...
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Transwestern Signs a Real Credit Tenant to $6.5 Mil Lease 10/16/03 TransUnion, the giant consumer credit reporting agency, inked a 10-year, $6.5 mil renewal/expansion lease at the TriCentre office building in Orange, which bumps up their existing 16.4k sf of space to 19.6k sf ($2.76/sf/mo). ...
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Buyers Grab Kearny Mesa Properties 10/15/03 Here's news of a couple of recent sales transactions from San Diego's Kearny Mesa area. One of the deals was for a 55.5k sf industrial building at 4255 Ruffin Rd, south of Balboa Ave between the 163 Fwy and I-15, which sold f...
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LAX Office Market Feeling Fit after $7 Mil Lease 10/14/03 24 Hour Fitness is helping to pump up the LAX market by taking 25k sf of space at Airport Center, after signing a 15-year lease valued at $7 mil ($1.56/sf/mo) a few weeks ago. The San Ramon-based fitness club chain will reloc...
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Murphy's Law of RE Economics in Otay Mesa 10/14/03 This article will recap a handful of industrial sales that have occurred in San Diego County over the past month, starting with a major $61.8 mil transaction in September for seven industrial buildings containing 727k sf ($85...
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Watson Supplements Leasing at Carson Center with $20 Mil Renewal 10/13/03 Leiner Health Products, the world's largest private label manufacturer of vitamins, minerals and nutritional supplements, has inked a 10-year, $20 mil renewal lease for their two-building, 471.5k sf ($0.35/sf/mo) HQ compound ...
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Barker Pacific Acquires Controlling Interest in Xerox Centre 10/13/03 Barker Pacific Group is in the news again, as the LA-based firm acquired a general partnership position in Xerox Centre, giving them the controlling interest in the 330k sf office building, located at 101 Continental Blvd in ...
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