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Birtcher Development Fattens Up on US Foods 5/19/05 U.S. Foods has inked a 15-year lease for 210k sf in a new build-to-suit facility at Corona Crossroads, a $42 mil industrial project under construction by Birtcher Development & Investments. The 39.5-acre Corona Crossroads is ...
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Watson Completes Dependable Cross-Docker for Maytag 5/18/05 Demand for large distribution facilities in the Inland Empire continues unabated, prompting developers to build new product as fast as they can acquire the land and get construction underway. In one of the latest examples, W...
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Pomona Office Building Sells for $16 Mil 5/18/05 Realty Associates Advisors LLC, a Boston-based pension fund advisor, purchased a 107.7k sf office building in Pomona, in a transaction was valued at $16.1 mil ($149.50/sf). The two-story, concrete tilt-up building, which is l...
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Foremost SoCal Deals Includes Sale of MacArthur Park 5/17/05 Laguna Hills-based Foremost Business Parks has sold two assets in Southern California in separate transactions totaling $23.6 mil. In one of the deals, Foremost Business Parks sold MacArthur Park, a 96.1k sf multi-tenant offi...
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Coreland Reels in Another 1 msf of Management Assignments 5/17/05 Tustin-based Coreland Companies has started the year off strong, recently been awarded eight new leasing and management contracts for properties totaling nearly 1 msf of space. The new assignments are for six shopping centers...
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KUMHO Tire Gets a Grip on $35 Mil Distribution Lease in Rancho Cucamonga 5/16/05 KUMHO Tire USA rolled into an 830.5k sf Inland Empire distribution space, after inking a 125-month lease worth $34.9 mil ($0.34/sf/mo). The space, which will serve as KUMHO's Western regional distribution facility as well as ...
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Industrial News from the City of Industry 5/13/05 Hudd Distribution Services Inc, a South Gate-based national logistics firm, has signed a three-year lease renewal for 700k sf of space within the Fullerton Road Industrial Park in the City of Industry. The transaction has a t...
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McGarrey Gets Underway with New Lancaster Business Park 5/13/05 Santa Monica-based McGarrey Development Company has begun construction on a $17 mil business park in Lancaster, in northern LA County. The project, which will enable small business users to purchase their own facilities, is s...
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Voit Gets Guidance in Tustin Office Sale 5/12/05 Guidance Real Estate LLC has purchased an 86.6k sf office building in Tustin for $12.6 mil ($145/sf). The building is located at 14511 Myford Rd, north of the intersection of Edinger Ave and Jamboree Rd. It was sold by Voit D...
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JMI Realty Office Project to Reach New Heights 5/12/05 San Diego-based JMI Realty has begun construction on the first phase of a three-building, 240k sf Class A office campus in Del Mar Heights to be called Paseo del Mar. Estimated to cost over $77 mil, the campus is located on ...
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Private Investor Takes a Swing at Moreno Valley Golf Club 5/11/05 This update will cover four recent sales comps from the Inland Empire, starting in Moreno Valley, where a local private investor paid $6.8 mil for Moreno Valley Ranch Golf Club, a 27-hole championship golf course located at 2...
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Ontario Facility Targeted for Big Short-Term Lease 5/10/05 Target Corporation, the trendy national discount retailer, inked a one-year lease for 675k sf of warehouse space in Ontario, filling a short-term need for the storage holiday overflow. The move is expected to help Target circ...
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ScanlanKemperBard Grabs $39 Mil Investment in Culver City 5/09/05 ScanlanKemperBard closed on a hefty investment in Culver City, paying $39.3 mil for Corporate Pointe, a 204.6k sf ($192/sf) office complex situated just east of Fox Hills Mall and the 405 Fwy. The two-building property consis...
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Investor is Ruffin It After $4.7 Mil Buy in Kearny Mesa 5/09/05 A 56.3k sf industrial building in Carlsbad traded hands in a $4.4 mil ($78/sf) sale/leaseback deal. Located at 2350 Camino Vida Roble, west of El Camino Real and south of Palomar Airport Rd, the building serves as a distribut...
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Mighty Quinn Takes another 45k sf in Downtown LA 5/09/05 The law firm of Quinn Emanuel Urquhart Oliver & Hedges LLP has agreed to a nine-year, $10 mil expansion lease for 45k sf ($2.06/sf/mo) at the TCW Building in downtown Los Angeles. The transaction now gives the firm a total of...
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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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