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• Irvine Building Trades Hands in Panic Sale
1/21/04
In a very newsworthy Costa Mesa sale, LA-based Commercial Ventures Inc paid $23 mil for The Waters at Creekside, a 156.9k sf ($147/sf) office park at 2900 Bristol St, just north of the intersection of the 56 and 73 freeways. ...
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• Equity Office Squeezes out of Orange County Submarkets in Recent CA Dispositions
1/21/04
Here's some additional info on a pair of Orange County office sales that we first reported about a week ago in an article on Equity Office Properties' disposition of a number of California properties as part of an effort to c...
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• LAX Tenant Expedites $5.8 Mil Office Renewal Deal
1/20/04
Here are four recent transactions -- three leases and a sale -- to help you get caught up on some of the latest activity from the South Bay. We'll lead off with the leases, one of which was in the LAX area, where Expeditors I...
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• Layton-Belling Lands at Ontario Airport
1/20/04
Irvine-based Layton-Belling & Associates has acquired the 213.1k sf Ontario Airport Commerce Center from SZA Real Estate for $13.7 mil, or about $64/sf. Developed by Burke in 1989, the property consists of three multi-tenant ...
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• Ticor Title Grabs Glendale Space
1/19/04
We've been given a few 4th Quarter 2003 deal comps in the San Fernando Valley, which we'll share with you in this report. The largest transaction was in Calabasas, where RayArt Studios paid $11.7 mil for a 47k sf ($249/sf) bu...
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• Cruzan/Monroe Wraps up $14 Mil Carlsbad Buy
1/16/04
In its sixth transaction in the last 12 months, Cruzan/Monroe has purchased an industrial warehouse facility and a vacant 3.8-acre development parcel in Carlsbad for $14.15 mil ($90.50/sf). The project, located at 2858 Loker ...
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• Cooler Times Prevail in Mid-Cities Cold Storage Facility Deals
1/16/04
Union Ice Company, the second largest ice producer in Southern California, has sold their existing 14-acre industrial site in the City of Commerce to Xebec Commerce LLC. The site, located at 6100 Sheila St, currently contains...
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• McCarthy Cook & Dr. Lee Head South
1/15/04
In a December announcement, McCarthy Cook & Co paid $19 mil, or $76/sf, to Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF) for the 250k sf office building at 20101 Hamilton Ave, in the ...
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• Voit/Selleck All Revved Up about Development of Final 26 Acres at Former GM Plant
1/15/04
In a joint venture, Voit Development Company and Selleck Development Group have teamed up to purchase an additional 26 acres from General Motors in the San Fernando Valley community of Panorama City, enabling the partnership ...
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• Ronald Reagan Wins TOBY Award
1/14/04
BOMA Orange County's Office Building of the Year 2003 TOBY Awards were presented to a pair of distinguished properties, Dupont Centre, and the Ronald Reagan Federal Building and U.S. Courthouse.
The TOBY award was created in...
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• January 14, 2004- Upland Businesses to Start Paying for Cable
1/14/04
It's been a while since we last posted an activity update from the Inland Empire, so in this report we'll mention some of the more recent news tidbits from this southeastern part of the state. To start, we'll mention a new in...
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• Review of 4th Quarter 2003 Downtown LA Sales
1/14/04
In November, RENTV posted a Hot Transactions Report for Downtown Los Angeles, and at that time, several investment transactions were just about to close, with a number of them tentatively scheduled to close in November and De...
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• Equity Sells Pair of Westside Office Properties
1/13/04
We've got more information on a pair of Westside office sales that we first reported about a week ago in an article on Equity Office Properties' disposition of a number of California properties as part of an effort to cull th...
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• Arden Elects a Governor for Their San Diego Office Portfolio
1/12/04
Arden Realty, the Brentwood-based REIT that happens to be the largest office landlord in San Diego, recently added another sizable property to their portfolio in the region, as they paid $23 mil for Governor Executive Centre ...
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• Big News!! Lankford to Start High-Rise in Downtown San Diego
1/12/04
An extremely important event for San Diego and for the SoCal region occurred last month when Lankford & Associates secured and closed the financing for Broadway 655, their $140 mil new landmark office building in downtown San...
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• Development of The Slatestone a Sign that San Diego Office Market on Solid Foundat
1/09/04
Here's another positive sign for the office market in Southern California, as ground has been broken on a new Class A office building in downtown Escondido, although it's not a huge one. The 21.9k sf building, being built by ...
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• Westcore Lands with Longwing onto Centre Pointe in Carson
1/09/04
SoCal-based Westcore Properties LLC closed out the year with two industrial purchases in LA County, with a combined price of $23.8 mil. These include the purchase of three buildings at Centre Pointe in Carson for $15.9 mil an...
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• Rare Opportunity for Penthouse Space at Orange County's Plaza Tower
1/08/04
Let's kick off the New Year with news of a rare office space opportunity in Orange County as, for the first time in almost a decade, the penthouse floors at Plaza Tower are available for lease. E*Trade Financial is offering ...
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• Some Joy for Kilroy
1/08/04
It's been some half-year in the news for Kilroy Realty, the West LA-based REIT, and its CEO, John Kilroy Jr. And as is the case with real estate and we suppose, with life, some of it was good and some of it was bad.
Let's ...
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• It's a Grand Day as Five Finalists Named for Big Downtown LA Redevelopment Project
1/07/04
In a unanimous vote, the board of the Los Angeles Grand Avenue Authority selected five development teams to compete for the development of four key parcels on Grand Avenue in the downtown civic center. Based on the selection...
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