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June 20, 2024
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SOUTHERN CALIFORNIA NEWS
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• Kilroy and Turner Lead Latest Orange County Sales Review
12/05/02
There has been some notable sales activity in Orange County in the last few weeks, including a couple of deals involving a few of SoCal's bigger players. Kilroy Realty, the big West LA-based REIT that is an active owner/devel...
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• Arden Gets Justice
12/05/02
Here's an update on another bread-and-butter lease for SoCal's biggest office landlord, Arden Realty, as the State of California's Department of Justice has signed an 8-year, $2.2 mil lease for 10.5k sf ($2.18/sf/mo) of offic...
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• Get the Skinny on Some Fat Tenants in the Market
12/04/02
Sure activity is down and vacancy rates are up, but that doesn't mean there aren't any big deals floating around out there, and many brokers have told us recently that activity is picking up somewhat. So let's bounce around t...
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• Golf Apparel Manufacturer Tees Up New 200k sf Oceanside Facility
12/04/02
Despite the ongoing economic malaise and two years of market reports from San Diego that have continued to point to increasing vacancy rates and less-than-sparkling leasing activity, here's news of one company looking to begi...
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• Westside Tenants Can Enjoy the View at Water's Edge
12/02/02
After all of the battles, and approvals, and waiting, and financing, and a whole bunch of other things along the way, the first office buildings at Playa Vista have just been completed. Unfortunately, because of the extreme m...
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• Hines Pours it on with $60 Mil Manhattan Beach Acquisition
12/02/02
A partnership made up of Houston-based Hines and GE Real Estate, a division of GE Commercial Finance out of Stamford CT, has acquired the 310k sf Manhattan Towers office complex in Manhattan Beach, as part of a planned $600 m...
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• Pair of San Diego Real Estate Execs Cruzan into New Firm
11/27/02
With the formation of CruzanMonroe, San Diego has a new private real estate and investment company. The operation, which will focus on acquiring and developing commercial real estate throughout Southern California, is the br...
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• Triliad Committed to Camarillo
11/27/02
A couple of new industrial projects in Ventura County are designed to meet the needs of two classes of businesses, according to officials of these developments, one that has already broken ground and the other scheduled to st...
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• Mission Valley Office Complex is Getting Progressive
11/26/02
Progressive Casualty Insurance, the nation's fourth largest provider of personal automobile insurance, inked a $2.7 mil, five-year lease for 18.1k sf ($2.49/sf/mo) of office space at Pacific Center I, a 216k sf tower at 1455 ...
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• Westcore Turns Up the Volume in Vernon
11/25/02
Industrial businesses continue to demonstrate demand for warehouse and manufacturing facilities in LA's Mid-Cities areas, as these three recent deals will attest. For the first transaction, we'll head over to the city of Vern...
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• CPA Firm Figures to Stay in Santa Monica for a While
11/22/02
Here's a quick summary of a recent West Los Angeles office transaction, as Holthouse Carlin & Van Trigt, a certified public accounting firm, signed a $4.4 mil sublease for 18.8k sf of office space at the Water Garden II. The ...
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• Surgery Center Cuts 15-Year Deal at New Hawthorne Building
11/21/02
Let's update you on some recent activity in LA's South Bay region by first mentioning one of, if not the largest, employer in the area, that being The Boeing Company. The giant aerospace company, in one of two large West Coas...
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• Southland Moves South
11/20/02
Southland Industries, one of the nation's leading engineering, construction, mechanical, plumbing and fire protection firms, has inked a 15-year, $8.24 mil lease for 82.6k sf ($0.55/sf/mo) of industrial space in Garden Grove....
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• Kearny Closes on $56 Mil Acquisition of Warner Center Business Park
11/20/02
Although we've previously reported on a few occasions earlier this year about Kearny Real Estate Company's impending acquisition of Warner Center Business Park, a 15-building, 469k sf business park located in Woodland Hills, ...
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• Arden Realty Welcomes more Tenants at Howard Hughes Center
11/19/02
For those of you keeping track of deal comps from West LA, we've got some info on a few recent transactions from the area to report. We'll start off with a trio of leases at some of Arden Realty's office buildings in the Fox ...
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• Healthcare Firm Gets a Space Fill-Up at Arco
11/18/02
In Long Beach, Molina Healthcare is the latest tenant to take space at Arco Center, a 460k sf twin-tower office complex in the city's downtown. Molina agreed to a 10-year deal for 66k sf at the 19-year-old project, located at...
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• Hertz Makes $110 Mil Deposit with Union Bank
11/15/02
Union Bank Plaza, the 627k sf Class B high-rise at 445 S. Figueroa St, has changed hands again, as Chicago-based Walton Street Capital just acquired the 40-story tower for a reported $110 mil ($175/sf). The seller was Hertz I...
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• Maguire Looking to Add a Lot of Little Partners
11/14/02
In case you didn't catch the business section in Wednesday's LA Times, Robert Maguire of Maguire Partners has announced that he's going public with much of his $2 bil portfolio of commercial real estate, which includes many o...
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• It's a Good O'Day in Carlsbad
11/14/02
O'Day Consultants, a civil engineering firm, leased an entire 32.2k sf office building, after signing an eight-year, $6.7 mil ($2.17/sf/mo) lease for the structure, called Atrium II. The building is at 2710 Loker Avenue West,...
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• What Has Five Buildings and Sold for About $50 Mil? Two San Diego Business Parks
11/13/02
There have been two very significant sales of office/R&D business parks to report from San Diego County, each worth about $24 mil. For the first transaction, we'll head to Sorrento Mesa, where Carr Development & Construction,...
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