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• Office Property Investor Wings It in Lakewood
4/10/02
Investors continue to display newfound interest in office properties throughout the Southland, and in the most recent example, Santa Barbara based-Pacifica Real Estate Group, acting as agent for a limited partnership, just pu...
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• RENTV Man About Town Hits Some Open Houses
4/09/02
We'll start this column in Beverly Hills, at Wilshire Blvd and La Cienega, where a couple of weeks ago a few dozen brokers gathered at the top floor publishing love palace of Larry Flynt to check out the man, and the building...
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• Investors Grab San Fernando Industrial Property in Hopes of Owning Piece of Camelot
4/08/02
Here's the scoop on a couple of recent deals in the San Fernando Valley, or is it still to early to call it Camelot? In the first transaction, Union Bank of California inked a 5k sf office lease in Northridge, after signing a...
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• Irwindale Landlord Sees Red after Engineering Firm Lease
4/05/02
In West Covina, a private investor paid $4.3 mil for Cameron Office Park, a 44.9k sf ($96/sf) office complex at 1700-1760 West Cameron Ave, south of the I-10 and west of Sunset Ave in West Covina. The seven-building property ...
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• Developer Plants a Daisy at Tejon Industrial Complex
4/05/02
Daisytek International, a $1.2 bil distributor of computer and office supplies, has signed a $15 mil, 15-year lease for 326k sf ($0.255/sf/mo), roughly half of a 651k sf industrial facility, in the Tejon Industrial Complex. S...
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• Glenborough Grabs Encino Office Property; Douglas Emmett Closer to Warner Center Buy
4/04/02
Glenborough Realty Trust, the NYSE-traded national office and industrial REIT, has purchased First Financial Plaza, a classy six-story, 223k sf office building at 16830 Ventura Blvd, by Balboa Blvd in the upscale San Fernando...
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• Stanley Black Becomes a Trojan Man
4/03/02
In Santa Fe Springs, Black Equities paid $7.4 mil for a 160.4k sf ($46/sf) manufacturing building located at 12380 Clark Street, between Norwalk Blvd and Bloomfield Ave, a couple of blocks south of Telegraph Road. The single-...
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• Library Return was Overdue
4/03/02
In what may represent a change in tactic for Robert Maguire, his firm, MaguirePartners, has announced that they've bought out their partner for the remaining 75% interest in Library Tower, the 73-story landmark skyscraper in ...
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• Law Firm Inks $25 Mil Renewal/Expansion in Downtown LA
4/02/02
In downtown Los Angeles, the law firm of Lewis, D'Amato, Brisbois & Bisgaard LLP signed a six-year, $25 mil ($2.97/sf/mo) renewal/expansion lease at 221 North Figueroa St, bringing their total space at the 10-year-old high-ri...
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• BentleyForbes Spreads the Cash Around on Fertilizer Facility
4/02/02
In a major Temecula transaction, BentleyForbes has purchased a 412.6k sf industrial facility, built and occupied as the manufacturing and distribution headquarters for The Scotts Company, a producer of seed and fertilizer spr...
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• The RENTV Real Estate Man about Town
4/01/02
We'll end the month of April with a review of some of the events you may have seen us at over the past month, around SoCal. We'll start close to home, in El Segundo, about a month ago, when about 60 top brokers from around th...
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• No April Fool's, Green Office Building at Santa Monica/405 Leased & Sold
4/01/02
We thought hell must have frozen over when we heard it was happening, and you know what, we still didn't believe it until we saw the news item in the LABJ this weekend. And what rocked our world was the fact that the 78k sf o...
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• Red Sea Parts With Over $40 Million for Hawthorne Facility
3/30/02
Red Sea Group, an Israeli real estate firm (no relation to Blue Man Group) with a U.S. office in Dallas, picked up the former Northrop Grumman Corporation building in Hawthorne currently leased to AT&T Corporation. The 288k s...
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• Everyone's a Winner after Alexion Results in Sorrento Valley
3/29/02
We'll open this San Diego County lease review in Sorrento Valley, where Alexion Pharmaceuticals took 25k sf, in a 10-year, $7.84 mil ($2.61/sf/mo) transaction at 3985 Sorrento Valley Blvd, just east of the intersection of the...
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• Here's a Chance to Fall into the Gap
3/27/02
We've got more news to report from some of the areas a bit further on the outskirts of the L.A. Basin, those being the Ventura County communities of Simi Valley, Newbury Park, Oxnard and Ventura. We'll begin with an industri...
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• Investor Pays $4.3 Mil for West Covina Office Park
3/26/02
Here's an update on a couple of acquisitions from the San Gabriel Valley. Our first deal is in West Covina, where a West LA-based private investor paid $4.3 mil for Cameron Office Park, a 44.9k sf ($96/sf) office complex at 1...
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• Cardiovascular Group Pumps Up Beverly Hills Building
3/25/02
In Beverly Hills, the Cardiovascular Medical Group of Southern California signed a seven-year, $4.1 mil renewal lease for the 12.3k sf ($3.97/sf/mo) they've been occupying at 414 N. Camden Drive. The 12-story, 63.8k sf buildi...
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• Shoppers not Allowed at Kohl's New 652k sf Fontana Building
3/22/02
Continued strong demand for distribution parks in the Inland Empire has prompted Newport Beach-based Western Realco to announce plans for a new 227-acre business park in Redlands, which reportedly will be one of the largest p...
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• Voit Development Breaks Ground on Brea Business Park
3/22/02
Voit Development Company has broken ground on Voit Brea Business Park, a 530k sf spec industrial business park, reported to be the largest project of its kind in Orange County in more than a decade. The project, which sits on...
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• Mid-Valley Deal Duo
3/21/02
We've got a pair of recent leases from the heart of the San Fernando Valley. The first deal is in Reseda, where Dialog Foundation has inked a five-year, $1.7 mil lease for a 27k sf ($1.05/sf/mo) building at 18238 Sherman Way,...
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