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• August 14, 2003 - New Oceanside Business Park to Break Ground Later this Year
8/14/03
In Oceanside, Orange County-based bkm Development Company paid $7.7 mil for a 37-acre parcel, east of College Ave, between Oceanside Blvd and North Ave. The buyer intends to construct a 529k sf industrial project to be calle...
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• August 14, 2003 - Family Partnership Wraps Up $5 Mil Buy of Sorrento Mesa Building for Kreiss' Sake
8/14/03
A 58.4k sf industrial building that currently serves as the corp HQ and distribution facility for Kreiss Enterprises, manufacturers of fine furniture, was purchased by the Aardema Family Partnership for $4.8 mil ($82/sf). Loc...
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• City of San Fernando Sees Significant Land Deals
8/13/03
In a matter of weeks, we caught news of two sizable deals for sites in the City of San Fernando, which is in the northernmost part of the central SFV, tucked under Sylmar and the Angeles National Forest.
The first transacti...
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• San Clemente Industrial Park Sale is Foremost in the News
8/12/03
Foremost Business Parks LLC, a Laguna Hills-based commercial real estate investment firm, has beefed up their portfolio with four recent acquisitions in south Orange County. The recent acquisitions, all multi-tenant industria...
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• August 12, 2003 - Get a Marquis Resort Property in the Desert
8/12/03
If you haven't been exposed to this opportunity, it's one that we'd like to see get sold, if not for the fact we're tired of seeing it vacant when we drive by it on those weekends when we're out at the family compound, not to...
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• Snyder Langston Operon Sells Six-Pack in San Gabriel Valley
8/11/03
Snyder Langston Operon Group, the local company that is a partnership between the Operon Group and Snyder Langston, earlier this summer announced that they sold six brand new concrete tilt-up buildings at Imperial Business Pa...
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• Investor Able to Sure Save Hemet for Only $4 Mil
8/08/03
A four-building, 88k sf Temecula business park traded hands, as Laguna Beach-based Foremost Carmel Mountain Ltd paid $9.8 mil ($111/sf) for Temecula Corporate Centre, at 43379-43397 Business Park Dr. Developed in 2002, Temecu...
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• Maguire Makes Case for $20 Mil Law Firm Renewal at US Bank Center
8/08/03
We just learned of two very recent law firm renewal deals in downtown Los Angeles, one at US Bank Center and the other at 800 Wilshire. In the larger of the two transactions, White & Case LLP, one of the world's top five rank...
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• Navy Federal Building Sets Sale for $2.25 Mil
8/07/03
A 35.8k sf Kearny Mesa office building, one of three structures that make up the CP Kelco Corporate Campus, traded hands for $5.4 mil ($151/sf). Located at 8355 Aero Dr, east of the 163 Hwy at the southern edge of Montgomery ...
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• Financing Caps Efforts at Cal Market Center
8/07/03
A few weeks back the owners of the 3 msf California Market Center, an entity controlled by Judah Hertz and DMG World Media USA, got an $82 mil loan from CDC Mortgage Capital, the US unit of the Paris-based bank CDC IXIS. DMG...
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• Electronic Arts ain't Playing Games
8/06/03
Electronic Arts, the world's leading interactive entertainment software company, has finalized a mega-office lease at Playa Vista, agreeing to a long-term deal for virtually all of the two-building, 250k sf campus developed b...
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• Teamsters Move Themselves into $3.2 Mil Covina Building
8/06/03
There's been a trio of interesting deals in the San Gabriel Valley from the past month that we put together in this brief report, for those of you who like to keep tabs on activity from the easternmost part of Los Angeles Cou...
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• Financing Notes
8/05/03
Here's a trio of recent financing deals arranged by Johnson Capital, the successful real estate advisory firm headquartered out of Irvine. In one transaction, Greg West put together an $11.25 mil permanent loan for the refina...
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• Bravo for M. David Paul and Leasing Activity at the Pinnacle
8/04/03
Yesterday's news of Tishman Speyer's $115 mil purchase of The Tower has heightened our interest in recent real estate activity in this well-located Tri-Cities market, which has long been one of the favorite HQ locations for m...
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• Tishman Speyer Closes Towering Office Buy in Burbank
8/03/03
A major SoCal office property, and one of the most successful examples of the office construction boom of the late 80s, The Tower in Burbank, a 32-story, 494k sf Class A high-rise, has been purchased by Tishman Speyer, the hu...
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• La Brea Bakery to Pay a Lot of Dough for More Space
8/03/03
La Brea Bakery, a national distributor of artisan breads, has inked a 10-year, $11 mil lease for 132k sf ($0.69/sf/mo) of space, doubling the size of its HQ and baking operations within The Lewis Business Park in Van Nuys. La...
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• Newport Federal Makes $14 Mil Anaheim Buy
8/01/03
In a recent Anaheim sale that we referred to in an article a couple of days ago, Newport Federal acquired Anaheim Corporate Center, a four-building, 157.6k sf R&D/office park at 5101 – 5109 La Palma Ave, between Lakeview Ave ...
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• Crown Realty to Develop 34k sf Hawthorne Build-to-Suit for Circuit City
8/01/03
Crown Realty & Development Inc acquired a 2.8-acre parcel at 5033 West 147th St in the city of Hawthorne and plans to immediately begin development of a 34k sf build-to-suit location for Circuit City. Prior to breaking ground...
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• The CB/Insignia Merger: A Personal Look
8/01/03
By Steve Bloom
Last week, the day the merger of CB Richard Ellis and Insignia Financial Group became official, I had the pleasure to sit down with both Lewis Horne and Robert Shibuya, the two gentlemen charged, for the most ...
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• Vernon Buyer Produces $5 Mil for New 45k sf Industrial Facility
7/31/03
Let's turn our attention to some recent industrial activity from LA's Mid-Cities region, which, for the purpose of this report, covers such busy cities as Commerce, Vernon, Santa Fe Springs and Pico Rivera. To begin, we'll me...
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