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November 8, 2024
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SOUTHERN CALIFORNIA NEWS
Archive
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• Bodies in Motion Puts Leasing Activity in Motion at Westside Media Center
6/05/03
It looks like one of West LA's more recent office projects is about to get quite a bit healthier, as Kilroy Realty has finalized a 15-year, $22 mil lease with Bodies in Motion for a 35k sf ($3.49/sf/mo) ground-floor health cl...
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• Insignia/ESG Entertains Management Contract from Sony Pictures
6/04/03
There have been a few notable SoCal leasing and management assignments awarded in the last couple of weeks, with Insignia/ESG and Coreland Companies being on the receiving end of the assignments. Insignia has been the recipie...
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• Scanlan Kemper Bard Comes to a $20 Mil Crossroads in Kearny Mesa
6/04/03
The Shidler Group made another San Diego buy, paying $13.5 mil for a pair of office buildings, totaling 88.3k sf of space, in Kearny Mesa. The three-story buildings are Chesapeake I, at 9619 Chesapeake Dr, and Chesapeake II, ...
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• Stats for the Jamming S
6/03/03
In light of our recent posting of a San Gabriel Valley Hot Transactions Report, we thought we'd consult one of the experts in the region, Ron Heim, Senior Vice President and Principal at Trammell Crow's Diamond Bar office, to...
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• LBA and TA Associates Snag $42 Mil Worth of Leased Investments in LA's Mid-Cities
6/02/03
Layton-Belling & Associates (LBA) just purchased Kellwood Distribution Center, a 471.3k sf distribution project in the City of Industry. The property consists of three buildings on 28.43 acres of land at 13039- 13087 East Te...
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• Red Sea Group Likes Sara Lee
6/02/03
For those of you who like to keep up-to-speed on industrial deal comps from some of the older sections of LA, closer in to downtown, we've got four recent transactions to report from the city of Vernon, which borders up again...
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• May 30, 2003 - ModernHealth Wraps Up Old Fashioned Lease for Monrovia Facility
5/30/03
There has been a handful of interesting deals from the San Gabriel Valley since we posted our most recent San Gabriel Valley Hot Transactions report a few weeks ago, which we'll review in this update. We'll start in Monrovia,...
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• Dr. Lee Expands His Real Estate Practice
5/29/03
LA-based Jamison Properties, a privately held investment company led by Dr. David Lee, has purchased Royal Beverly Glen Plaza, a 78.5k sf West LA office building at 10390 Santa Monica Blvd, by Beverly Glen Blvd. Jamison paid ...
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• Real Estate Expert Stan Ross Makes $1 Mil Gift to USC's National Minority Program
5/29/03
University of Southern California Lusk Center Chairman Stan Ross and his wife Marilyn have made a $1 mil gift to the school's National Minority Program in Real Estate, to enable the school to offer more programs and expand na...
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• Liberty Bearings Rolls into San Clemente
5/29/03
This report will cover a number of recent leases, mostly industrial, from Orange County. We'll start in Anaheim, where Danros Inc, a wholesale furniture retailer, inked a five-year, $1.6 mil lease for 61.9k sf ($0.43/sf/mo) b...
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• Murphy's Law Says to Sell Otay Mesa Industrial Development
5/28/03
A major San Diego County industrial property has hit the market, as Murphy Development, a local builder in the area, has listed the first, or Central, phase of their Siempre Viva Business Park in Otay Mesa, a short distance n...
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• Draftsmen & Craftsmen
5/27/03
Shea Properties has just completed phase one of their Vantis office project, a $350 mil development planned to contain about 1.5 msf of space in nine buildings. Located on a 40-acre site in Aliso Viejo, off the San Joaquin Hi...
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• Westcore Completes $20 Mil Kearny Mesa Buy
5/27/03
Westcore Industrial Properties and REMEC have completed a sale/leaseback of REMEC's business campus, located in San Diego's Kearny Mesa area, to an affiliate of Westcore, called WS Roscoe LLC. The total purchase price was $20...
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• Planet Mortgage Inks Down-to-Earth Deal in Anaheim
5/23/03
We'll lead off this Orange County lease review with an update on a big deal we first talked about in March, that being Pharmaceutical giant Pfizer's renewal expansion deal at the Irvine Center Towers in Irvine. The drug deale...
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• Downtown LA is Next Version of CIM City
5/23/03
The transformation of downtown Los Angeles into a true live/work environment took a major step forward a week ago, as state and local government officials joined CIM Group on May 15 to mark the start of construction on South ...
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• It's a Goodyear for SoCal Apparel Company
5/21/03
In an Irvine industrial buy, Ray's Apparel paid $8.7 mil for a 135.8k sf ($64/sf) building at 20 Goodyear, west of Bake Pkwy between Toledo Way and Jeronimo Rd. The firm, which is consolidating and expanding from other locati...
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• Inland Empire Industrial Sales Duo
5/21/03
We've got a couple of $2 mil+ industrial sales from the Inland Empire to let you know about, one in Ontario and the other in Corona. In the Ontario deal, C.G.U Capital Group picked up a 41.3k sf building for $2.685 mil ($65/s...
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• Port LA Distribution Center gets New Tenant Cargo
5/20/03
The massive Port of Los Angeles Distribution Center has landed two more tenants, the first tenant signings in a while at the new 1.9 msf complex owned by MetLife affiliate SSR Realty, doing business here as Port L. A. Distrib...
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• Hagar Properties Didn't get a $3.3 Mil Lemon from Toyota of Orange
5/20/03
Here's a review of some recent industrial investment activity from Orange County. We'll start with a Fullerton deal, as Pacific Messenger Service, a private parcel delivery service out of San Diego, purchased a 45k sf wareho...
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• Trident Dental Sharpens Its Investment Teeth on $4.6 Mil Hawthorne Buy
5/19/03
Maybe the leasing activity in the El Segundo and other South Bay markets hasn't been all that hot, but the investment market is still pretty strong, as these recent South Bay sales will attest. A 48k sf flex office/industri...
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