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• Who Will Make Grand Avenue Grand?
11/12/03
It's now beginning!! Hot off the momentum of the opening of the Walt Disney Concert Hall, the Los Angeles Grand Avenue Authority, established through a joint powers agreement between the Community Redevelopment Agency of the ...
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• Comerica Makes a Long-Term Investment at The Atrium
11/11/03
In a very positive sign for the office market in El Segundo, Comerica Bank inked a long-term lease for 64k sf at Continental Development Corp's most recent office project, The Atrium at Continental Park. The classy 290k sf de...
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• Aetna Finds Safe Arbor in Thousand Oaks
11/11/03
Aetna Life Insurance Company will relocate from Simi Valley to Thousand Oaks, after signing a seven-year, $5.7 mil lease for 34k sf ($2/sf/mo) of office space in the second building at The Arbors, a Class A business park. Loc...
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• Investment Group Pays $12. 4 Mil for Rancho Bernardo Office Building
11/10/03
Rancho Bernardo Financial Plaza, a 71.3k sf three-story office building in Rancho Bernardo, was purchased by Sunroad Centrum, an entity of Sunroad Enterprises LLC, for $12.4 mil ($174/sf) as part of a 1031 exchange. The selle...
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• November 10, 2003 - Principal Life Plunks Down $100 Mil in Hazard Pay
11/10/03
In a major San Diego sale from a couple of weeks ago, an investment group affiliated with Principal Life Insurance paid $100 mil for Hazard Center, a 404.5k sf ($247/sf) mixed-use complex at 7510-7676 Hazard Center Dr in Miss...
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• Investor Spends $28 Mil on Four Buildings at LA Media Tech Center
11/07/03
A private investment group has acquired four of the seven buildings that make up Los Angeles Media Tech Center, a three-year-old master-planned business park in the Glassell Park area of Los Angeles. The four buildings, locat...
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• Smith Barney Earns a 10-Year Stay at the La Jolla Galleria
11/07/03
It's only been a couple of weeks since we posted our mammoth-sized San Diego Hot Transactions report and we're already getting inundated with more deal news from the county. Things have really heated up down there and we'll u...
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• Newport Beach Investment Group Nabs $14 Mil Cypress Office Property
11/06/03
TA Associates Realty, Newport Beach-based private investment group, acquired Plaza PacifiCare, a 17-year-old, 109.2k sf office property at 5995 Plaza Dr, north of Katella Ave and west of Valley View St in Cypress. The five-st...
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• The Alhambra Gets a New Tenet and Sypris to Grow in San Dimas
11/05/03
In what is being reported as the largest office lease in the San Gabriel Valley so far this year, Tenet Healthcare Corp has inked an expansion/renewal deal that brings their total space up to 91k sf at The Alhambra, the 900k ...
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• Howard Hughes Gets Longevity
11/05/03
Arden Realty and its Howard Hughes Center get top billing in this piece on recent Westside lease transactions with two new deals getting signed at two different buildings at the business park, which now contains 1.4 msf of of...
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• Chicago Firm Grabs $11 Mil Distribution Facility in Redlands
11/04/03
Kensington Realty Advisors closed on a substantial investment in the Inland Empire, as the Chicago-based firm paid $11.6 mil for a 289.7k sf ($40/sf) distribution facility at 1898 Marigold. The property is within the Redlands...
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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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