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• Carlsbad Industrial Deal Done By Referral Only
7/27/04
In downtown San Diego, there were a couple of recent office leases at Bank of America Plaza, located at 450 B St. In one of the deals, Cavignac & Associates agreed to a five-year, $1.64 mil lease for 15.2k sf ($1.80/sf/mo) of...
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• Voit Begins Construction on 265k sf Tustin Industrial Project
7/26/04
Voit Development Company has begun construction on Tustin Gateway Business Park, a 19-building, 265k sf development located on Warner Ave and Bell Ave in the city of Tustin. Tustin Gateway Business Park will consist of 19 ne...
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• July 26, 2004 - CT Realty Looking for New Paradigms
7/26/04
Over the past few months, we've reported about CT Realty, the Newport Beach firm headed by Robert Campbell, doing all sorts of deals, from storage properties to apartment buildings to office buildings, and yes, even golf cour...
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• Kearny's Remington Steals the Small Industrial Condo Market in Temecula
7/23/04
Kearny Real Estate Company has broken ground on the second phase of the master-planned 127k sf Remington Business Center in Temecula, a $14 mil business park situated on nine acres of land in the Westside Business Centre. The...
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• Overton Moore and Pacific Coast Capital Form Partnership with NYSTRS
7/23/04
Overton Moore Properties (OMP) and Pacific Coast Capital Partners (PCCP) have teamed up in a joint venture to acquire industrial and manufacturing properties in Southern California in partnership with the New York State Teach...
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• Vision Institute Sets Its Sights on Sorrento Mesa Site
7/22/04
Here's an update on a few recent leases from San Diego County, starting in Sorrento Mesa, where Aris Vision Institute agreed to a 10-year, $3.2 mil lease for 12.7k sf ($2.10/sf/mo) of space in Pacific Tower, located at 10145 ...
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• Kilroy Leases Up Del Mar Office Building
7/22/04
Relational Advisors LLC, a private investment bank, agreed to a10-year lease for 32.8k sf of space at 12400 High Bluff Dr, one of three buildings that make up Del Mar Corporate Center at the corner of High Bluff Dr and El Cam...
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• Trizec Banks on B of A Plaza in $440 Mil Downtown LA Office Buy
7/21/04
Trizec Properties has reached an agreement to purchase the landmark 1.4 msf Bank of America Plaza at 333 S. Hope in downtown LA, for around $440 mil, or about $314/sf. The price is reported to be the highest amount paid per s...
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• Lumber Company Burns Pine Tree in Chula Vista Industrial Deal
7/21/04
Escondido-based Pine Tree Lumber Co has inked a sublease for a 7.86-acre industrial site at 2387 Faivre St in Chula Vista. The deal calls for Pine Tree to take over the balance of Portland, OR-based Pacific Group's 10-year le...
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• The Stadium Collection Will Add a Master-Piece to North Orange County
7/21/04
Master Development Corporation (MDC), a Newport Beach-based real estate development and general construction company, has acquired the Park Orangewood office complex in the city of Orange and plans to rehabilitate the propert...
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• Teachers Closes $63 Mil Mission Valley Buy; Ohio Teachers Sell $41 Mil Vista Park
7/20/04
Here's a big sale in Vista from about a month or so ago, as Sares-Regis Group paid $41 mil for the 493.9k sf ($83/sf), five-building industrial park, known as North County Corporate Center, at 900 and 995 Joshua Way, and 2759...
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• Equity gets Active in Santa Monica
7/20/04
Activision Inc, the popular creator of computer games, is expanding its gaming design studio operations at Santa Monica Business Park, the 20-building, 1 msf office campus situated along Ocean Park Dr in Santa Monica and owne...
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• Coreland Racks Up New SoCal Leasing and Management Assignments
7/19/04
Coreland Companies is on a roll, as the Tustin-based real estate company was recently awarded a number of newsworthy leasing and management assignments. One of the new assignments was for the leasing of The Plaza, a 15-story...
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• Griffin Breaks Ground on New 84k sf Office Building at Rio Vista Plaza
7/19/04
Griffin Properties has just broke ground on Rio Vista Plaza III, a four-story, 83.6k sf, $15 mil Class A office building that will complete the three-building Rio Vista Plaza business center in San Diego's Mission Valley. Loc...
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• Watson's New 350k sf Ontario Building is Elementary
7/16/04
Watson Land Company has started construction of a 350k sf Legacy Building, the first in the company's latest master-planned business park, Watson Commerce Center. Located in the greater Ontario Airport area of San Bernardino...
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• Gardena Seller Gets Stoned
7/16/04
Owner/users acquisitions are still a big part of the investment market, as these two recent industrial deals from the South Bay demonstrate. In one of the transactions, Imperial Stone, a stone and tile distributor, purchased ...
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• Los Alamitos Investors end up in the Winners Circle
7/15/04
Orange County remains a popular market for investment activity, and we've got a number of recent sales to report as evidence of this continuing trend. Let's start in Tustin, where an investment group paid $4.3 mil for a 30.4k...
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• Developer Buys 47-Acre Banning Site for Mixed-Use Development
7/15/04
A 47.7-acre parcel in the heart of the Banning/Beaumont commercial area was purchased by Silverstone Development Company for $5.2 mil ($2.50/sf/mo). The site, which is near the Highland Springs exit off the I-10 and is locate...
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• Financing Notes
7/14/04
The Ratkovich Company and CIGNA Realty Investors have refinanced The Alhambra, a 38-acre, 1 msf office campus at 1000 South Fremont Avenue in the City of Alhambra. The $98.6 mil loan with Mass Mutual Financial Group was place...
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• Canyon Johnson and New Pacific Put SBC Center on the Block
7/14/04
SBC Center, the three-building downtown Los Angeles complex formerly known as Transamerica Center, is on the market again, only about a year after it last traded hands. Actually, only two of the three buildings, at 1149 South...
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