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• Financing Notes
3/16/05
NEWMARK REALTY CAPITAL: Newmark Realty provided $55 mil in financing for Continental Park Plaza, a 476k sf Class A office project located within Continental Park by Continental Development Corporation. Situated along the Rose...
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• Sorrento Mesa R&D Building Fetches $17.8 Mil
3/16/05
LBA Realty has acquired a 134k sf office/R&D building in Sorrento Mesa for $17.84 mil ($133/sf). The property, which is located at 10450 Pacific Center Ct, north of Mira Mesa Blvd, was sold by El Segundo-based Hughes Network ...
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• Encino Re/Max Signs Lease on the Boulevard
3/15/05
Thibiant International Inc, a manufacturer of skin and hair care products, agreed to a seven-year, $2.5 mil lease for a 37.8k sf ($0.79/sf/mo) industrial facility in Chatsworth. The highly improved concrete tilt-up building i...
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• State Farm is Latest Good Neighbor at Cerritos Towne Center
3/15/05
Transpacific Development Company has inked deals with several new tenants at 17777 Center Court Dr, the company's most recent Class A office building, located within Cerritos Towne Center in Cerritos. The $30 mil building co...
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• Voters Approve Montage in Beverly Hills
3/14/05
Plans for a new luxury hotel in Beverly Hills are closer to fruition, as voters in last Tuesday's citywide election approved a project by Montage Hotels & Resorts and The Athens Group, its developer, for the Montage Hotel & P...
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• March 14, 2005 - It's Hasta Nabisco for Landmark Cracker Plant
3/14/05
Anyone who has driven the 5 Freeway across the OC/LA county line more than a few times knows the ex-Nabisco plant, now sans signage, on the east side of the freeway in Buena Park sitting almost right on that county line. Buil...
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• March 14, 2004 - The Past Two Months' Man About Town
3/14/05
By Steve Bloom
The first two months of the year are always very busy, packed with a variety of real estate events to prepare us mentally for the year ahead. Some of these gatherings attract a thousand or more attendees, but ...
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• RREEF Floats $60 Mil in the Pacific
3/11/05
Here's an update on a pair of very newsworthy San Diego-area sales, one in Sorrento Mesa and the other in La Jolla. In the Sorrento Mesa transaction, a RREEF-managed entity paid $60 mil for Pacific Technology Park, a 440.6k s...
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• OC Downtowns Getting Juiced Up
3/11/05
When you look at the past year from a standpoint of rebounding and rejuvenation in the OC, it was a big year. Not only has a sizable amount of office space been absorbed, and the vacancy rate has shrunk accordingly, but sever...
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• Regency Centers Inks Deal for Full Floor at Downtown LA High-Rise
3/10/05
Regency Centers, the retail REIT based out of Jacksonville, FL, agreed to a $5.3 mil lease for the 21.6k sf 22nd floor at 915 Wilshire Blvd in downtown LA. The company is relocating its local HQ office to the 22-story granite...
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• ProLogis Goes Solo in $30 Mil Inland Empire Deal
3/10/05
ProLogis closed a big Inland Empire distribution deal, signing Solo Cup to a 10-year lease for a recently completed 882.2k sf industrial facility at their ProLogis Park I-210 in Rialto. Solo is a $2.3 bil international manufa...
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• Westchester School Rolls Over to Beethoven in $22 Mil Deal
3/09/05
Westchester Neighboring School has inked a 20-year lease for a 50.5k sf building in West LA that the school plans to use for classrooms, office and other programs. The property is about two acres of land at 5401 Beethoven St,...
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• OC Sales Review
3/09/05
Looking for recent sales comps from Orange County? Here are a few of the latest deals to help you get up-to-speed.
In Newport Beach, an 11.8k sf office building at 1811 Quail St, between Bristol St and MacArthur Blvd, sold ...
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• March 8, 2005 - $7.8 Mil San Marcos Sale Draws on Star Power
3/08/05
The 80k sf Amistar Corporation HQ and manufacturing facility in San Marcos was purchased for $7.8 mil ($97.50/sf). Located at 237 Via Vera Cruz, between the 78 Fwy and San Marcos Blvd, the facility is in the center of the San...
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• Property Management Notes
3/08/05
Orange County-based RiverRock Real Estate Group has added another 694k sf of office space to its rapidly growing management portfolio. These latest seven properties were awarded by the Shidler Group, a San Diego-based real es...
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• ZMI Awarded Academy Building for $35 Mil
3/08/05
The Academy, the eight-story, 174k sf office tower at 5200 Lankershim Blvd in North Hollywood, was purchased by ZMI Real Estate for $35 mil, or just over $200/sf. Built in 1989, the building is situated at the northeast corne...
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• 32-Acre Land Buy Gives Sares*Regis Triple Play in Rialto
3/07/05
Irvine-based Sares*Regis Group acquired a 32-acre site in the Inland Empire city of Rialto, on which the company plans to develop a 383k sf warehouse/distribution facility. The site, a former vineyard, was purchased from an i...
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• Yorba Linda Office Sale is Okidoki
3/07/05
A 27.6k sf Newport Beach office building, at 4220 Von Karman Ave, between MacArthur Blvd and Campus Dr, sold for $7.2 mil ($261/sf). The buyer, West Coast Accommodater Inc, will occupy a portion of the two-story multi-tenant ...
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• Maguire Reaches Agreement for $185 Mil Buy of San Diego Tech Center
3/05/05
Maguire Properties (NYSE:MPG), the big LA-based office REIT led by Rob Maguire, has teamed up with RREEF for another major SoCal office buy. The partnership has agreed to pay $185 mil for the San Diego Tech Center, a 647k sf ...
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• Developer to Build Pair of Newcastles in Fontana
3/04/05
Newcastle Partners has begun construction on a pair of new projects that will add a combined 450k sf of state-of-the-art industrial buildings in the Inland Empire community of Fontana.
One of the developments, a three-build...
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