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May 23, 2024
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SOUTHERN CALIFORNIA NEWS
Archive
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• Pro Moves: Management Team Buys Koll Construction
9/25/02
There's been a change of ownership at one of Orange County's stalwart construction firms, as Koll Construction has been acquired by the firm's current management team, led by company president Donald Dreusike and senior vice ...
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• Arden Goes Straight to the Source for Pair of La Palma Office Renewals
9/24/02
We're going to run down a few recent Orange County leases for you, starting in La Palma, where Arden Realty inked two expansion/renewal deals at their Centrepointe La Palma complex. The transactions combine for a total of 61k...
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• More Healthcare on the Verizon in Thousand Oaks
9/23/02
Here's an update on a deal we've been following for some time now, that being Baxter Healthcare's search and then extended escrow period for their new HQ location in the Conejo Valley. That process came to a conclusion as the...
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• Westside Regional Center Boosts Westside Leasing Market
9/20/02
Let's start off this West LA update in the Culver City/Fox Hills submarket, as Westside Regional Center, part of a network of agencies that offer assessment, case management and support to persons with developmental disabilit...
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• Oltmans Can Count on Reliable Deal in Santa Fe Springs
9/20/02
Here are a couple of recent leases from Santa Fe Springs, representing both ends of the economic spectrum. The first of these is a sizeable deal in which Downy-based Reliable Container Corporation inked a 10-year lease for a...
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• Shidler Inks another $5.5 Mil in Deals at Mission Valley Office Complex
9/19/02
If the experience of two major developers reflects the status of San Diego County leasing activity, then that market is definitely on the rise. For example, The Shidler Group has signed $5.5 mil worth of deals, for a total o...
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• Eye Care Network Cares Enough to Spend $4 Mil on Costa Mesa Building
9/19/02
Real estate pundits who track events in Orange County will want to know about a number of sales that have closed in that marketplace. Here's the scoop on three recent deals that are worthy of note. The first of these saw th...
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• Opus West heads Inland
9/18/02
Phoenix-based Opus West Corp, a subsidiary of Opus Group, one of the nation's largest developers, continues it's march into the Inland Empire with a couple of major undertakings on the drawing board. Opus has been named Deve...
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• Santa Barbara Group Pays $13 Mil for Downtown Long Beach Plaza
9/18/02
A Santa Barbara investment group bought Downtown Plaza, a 100.1k sf office building in downtown Long Beach, for just over $13 mil ($130/sf). Located at 211 E. Ocean Blvd, by Long Beach Blvd, the 20-year-old structure is six s...
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• Possible Prelude to Public Offering? Maguire Acquires KPMG Tower
9/17/02
It appears that Rob Maguire has acquired his partners' interest in another downtown LA skyscraper, this one being the 1.1 msf KPMG Tower at 355 S. Grand. According to the LA Times, MaguirePartners has purchased the 60% stake ...
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• Douglas Emmett Closes On Huge Warner Center Office Buy
9/16/02
Warner Center Plaza, the six-building, 1.8 msf portfolio of office towers in the West San Fernando Valley, has officially been sold. Wrapping up an ongoing story that we and other news agencies have been following for some ti...
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• It Looks Like another Firm Deal at MGM Tower
9/13/02
It looks like JMB Realty is close to signing another prestigious tenant at their yet-to-be-completed MGM Tower in Century City. Per a recent report in the LABJ, the law firm of Christenson Miller Fink Jacobs Glaser Weil & Sha...
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• Sunny Days Ahead in Rancho Cucamonga
9/12/02
Sunny Designs Inc, a leading importer and distributor of furniture to the national retail market, has paid $6.4 mil for a new state-of-the art, 140.2k sf ($46/sf) industrial building in Rancho Technology Park, in a move that ...
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• Human Resources Firm Beams into Sunroad Corporate Centre
9/12/02
Let's catch up on a few recent lease comps from down San Diego way, starting in University Towne Centre, where Drake Beam Morin, a provider of strategic human resources, signed a five-year, $1.2 mil lease for 5.85k sf ($3.42/...
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• CT Keeps Buying and Muller Keeps Selling
9/10/02
A partnership made up of CT Realty Corp and Searles DevCorp has paid $18.7 mil for Foothill Plaza, a 208k sf ($90/sf) Class A office complex in Foothill Ranch. Located at 27422 Portola Pkwy, the recently completed two-buildin...
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• Red Sea Tidal Wave Hits Warner Center
9/09/02
Red Sea Group has nabbed another SoCal office property, as the Israel-based company paid around $22 mil for a 101k sf ($218/sf) building at 6109 De Soto Ave in Woodland Hills, per a recent story in the LA Times. Currently the...
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• Arden Closes $69 Mil Investment in San Diego
9/06/02
Arden Realty, the NYSE-traded REIT led by Richard Ziman and Victor Coleman, recently closed a major office acquisition in San Diego, having picked up four properties with a total of 370k sf. Located in Mission Valley, Del Mar...
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• September 6, 2002- $600 Mil Mixed-Use Project No GardenWalk in the Park for Price Legacy
9/06/02
Excel Pointe Anaheim LLC, a division of San Diego-based Price Legacy, has begun construction on GardenWalk, a $600 mil mixed-use development at Harbor Blvd and Disney Way in Anaheim. Situated on about 29 acres, the project is...
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• M. David Paul Will Sleep Well after Insomniac Deal
9/06/02
The Shidler Group continued with their selling ways of late, as they sold the Pasadena Office Tower at 150 S. Los Robles to an investment partnership for $22.3 mil ($159/sf). Built in 1971, the nine-story building is situated...
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• Healthcare Firm Makes Specialty Buy in Beverly Hills
9/05/02
Here's a trio of recent investment sales in LA, two of which were bought by SCI Investments, the eight-year-old West LA investment firm. One of their purchases was for Parkside Medical Center, a 62k sf Santa Monica complex an...
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