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February 10, 2025
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SOUTHERN CALIFORNIA NEWS
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• Juices Flowing In Mid-Size OC Leasing Market
11/04/03
Below you'll find a batch of recent Orange County leases for office space in the 10k to 30k sf range, mainly in the two OC CBDs of Irvine and Anaheim. Not huge deals, as compared to some of the mega deals the county has seen ...
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• Another Pair of Downtown LA Office Properties Hit the Market
11/03/03
Here's a heads up on another couple of downtown LA office buildings being shopped around, with both news items having been grabbed from the most recent edition of Real Estate Alert. One of the properties is Mani Brothers' Fig...
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• CT Makes Its Pointe in Mission Viejo
11/03/03
In a Santa Ana office sale, CT Realty sold the fourth and final building at The Arbors, a 139k sf portfolio acquired from Newport Federal in 2001. The building, a 50.7k sf structure at 2101-2103 East Fourth St, was bought by ...
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• Anaheim Continues on Activist Development Course
10/31/03
By Steve Bloom The City of Anaheim, which is getting more and more vigorous in its efforts to have housing built in its downtown area, is getting involved in real estate land use and development in a way that pushes the enve...
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• Historic Boston Building Sells in Pasadena
10/30/03
Glendale-based Povac Investments has acquired The Boston Building, a 52k sf office building at 35 Raymond Ave in Pasadena, for $4.8 mil ($92/sf). Originally built in 1904 as a department store and later renovated in the 1930s...
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• You'd Have to Be Looney to Sell Three OC Industrial Buildings for $1.8 Mil
10/30/03
A pair of obsolete, 18.5k sf Irvine office buildings was acquired by Steadfast Properties, which plans to redevelop the buildings into a state-of-the-art Class A office property. Steadfast paid $5.5 mil ($149/sf) for the two-...
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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...
Price: $3.99
Executive Subscriber Price: Free
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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...
Price: $3.99
Executive Subscriber Price: Free
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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...
Price: $3.99
Executive Subscriber Price: Free
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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...
Price: $3.99
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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 ...
Price: $3.99
Executive Subscriber Price: Free
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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...
Price: $3.99
Executive Subscriber Price: Free
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