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October 1, 2003- Symantec and State Make Big West LA Land Buys 10/01/03 Symantec, the big computer programming company that years ago bought the Norton brand of computer virus and security products, this month concluded its multi-year analysis of its long-term LA real estate needs by purchasing a...
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The Good Cook is the New Pride of Rancho Cucamonga 9/30/03 With a November completion scheduled, Bradshaw International, a leading marketer of kitchenware, is well along with the construction of a 450k sf distribution facility next to its current 300k sf HQ building on Buffalo Ave in...
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Shidler Group Opens $35 Mil Account at Washington Mutual 9/30/03 Another downtown San Diego office tower has traded hands, as The Shidler Group acquired the Washington Mutual Tower, an 18-story high-rise office building located at 707 Broadway in downtown's central business district. The b...
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Arden Inks Key Deal at Westlake Village Building 9/29/03 For those of you who follow the office market in the Conejo Valley, here are a couple of recent comps from Westlake Village. In the first deal, Shea Homes, one of the country's largest homebuilders, leased 14k sf at Westlake...
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Birtcher Cracks Open a Corona 9/26/03 Construction has begun on Corona Crossroads, a 41-acre, 768.5k sf master-planned business park located on Sherborn St, at Magnolia Ave in Corona. Developed by Birtcher Commercial Development Group, a division of the Birtcher ...
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CapitalWerks in Orange County's South Coast Metro Area 9/25/03 Leasing activity in Orange County certainly ain't dead, as we've been getting and clipping an increasing number of notes about leases getting signed. More of these deals, we should note, are of less than five years, and wheth...
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An Apple a Day Leads to Healthy $4 Mil Buy in West LA 9/25/03 In the Corporate Pointe section of Culver City, up on Fox Hills off Slauson Ave, Amberjack Ltd, a subsidiary of State Farm Insurance, has sold the two office buildings at 200 and 300 Corporate Pointe. The buyer was Praedium G...
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San Diego Sales Report Centers on Two Centers 9/24/03 September's been an active month for buyers and sellers of mid-size, say $2 - $10 mil, commercial properties in LoCal, with the following deals providing evidence of that fact. Demand still is strong for buyers of office, ind...
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SCI Properties not Jaded by $22 Mil Office Buy 9/24/03 SCI Properties closed on a San Fernando Valley office buy, as the investment firm paid $22.2 mil for Jade Corporate Plaza, a four-building, 131k sf ($169/sf) complex at 15451-15515 San Fernando Mission Blvd. Located at the ju...
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On the Market; Off the Market for SoCal Office Properties 9/23/03 Equity Office Properties is shopping 10 SoCal office properties that reportedly have a combined value of around $200 mil. According to Real Estate Alert, the giant Chicago-based REIT took title to the properties, two in the L...
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San Diego Lease Review Covers Full Spectrum of Deals 9/23/03 Here's a number of recent lease comps from the last month or so throughout San Diego County. We'll start with a La Jolla deal, where Citigroup Global Markets, dba Smith Barney, signed a 10.5-year, $6.2 mil lease for 17.2k sf ...
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Koll Goes to the Wells, Two more Times 9/22/03 Wells Real Estate Investment Trust, the privately held REIT, continues to boost their SoCal portfolio with the recent addition of two Orange County office properties. One of the acquisitions is Koll Center Irvine Phase II, a ...
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Warner Brothers to Star in $250 Mil Blockbuster Burbank Office Saga 9/20/03 A major office lease we have been tracking for what seems like years finally closed this week in Burbank's Media District, as Warner Brothers has agreed to a lease for the entire 456k sf Studio Plaza building at 3400 Riversid...
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Earthlink Says "Hi Fidelity" in Big Pasadena Sublease deal 9/19/03 The Tri-cities office leasing market is a patchwork of activity these days. You've got Pasadena, which is kind of a market unto itself with its tech and creative companies that feed off the eclectic and architectural surround...
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Westwood Tower Sees More Activity Thanks to Spyglass 9/19/03 We'll start this rundown of some recent Westside leases in Westwood, home of the 1-1 Bruins, where Spyglass Entertainment ended a six-month search by grabbing 17.5k sf of office space at 10900 Wilshire Blvd, the stately red b...
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Fountain Valley School District Reaches a Crossroads 9/18/03 The NAI Capital Commercial duo of George Economos and Steve Economos has brokered a number of recent office investment sales in Orange County, which we'll review for you in this report. The largest of the deals was in Newport...
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San Fernando Valley Office Seller Fields Successful $26 Mil Offer 9/18/03 A 190k sf Woodland Hills business park has changed hands for the second time in three years, as a Las Vegas-based apartment developer paid $26 mil ($137/sf) for Warner Commerce Center, an eight-building property situated on 1...
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South Bay Development has got Global Mail 9/17/03 Lease transactions totaling more than a quarter-of-a-million square feet have been signed in the past 30 days at the Carson Town Center, a 76-acre business park owned by an alliance of San Francisco-based real estate investme...
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Investment in Buena Park is Morally Correct 9/16/03 It's time to rundown some recent sales comps from Orange County, as we've got five smaller deals, ranging between $1.2 mil and $3.6 mil. We'll report the transactions in order by dollar amount, starting with a $3.6 mil deal i...
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Shidler and Praedium Collect $25 Mil from Two San Diego-Area Office Properties 9/16/03 In San Diego, The Shidler Group and The Praedium Group have sold two office properties, in separate transactions, that the two companies owned jointly in investment partnerships. One of the properties is Carmel Corporate Plaz...
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