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• Downtown LA Revival Heads East
6/28/04
It seems that more and more developers, investors and city boosters are taking the growing revival in downtown Los Angeles very seriously. And they're also taking it eastward. A couple of recent articles in the LA Times by Ro...
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• Homestead-ers to Remain in Anaheim; LAPCO Signs Two Tenants in Santa Ana
6/28/04
In this report we'll take a look at some recent industrial leasing activity from Orange County, starting in Irvine, where SAK Management, a sports apparel company, leased 80k sf of space for its corporate HQ and distribution ...
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• Flexible Investment of $6 Mil Provides Excellent NOI
6/25/04
Affiliated companies Natural Oils International (NOI) and Flexible Alternatives Inc have sold their existing Arleta facility and acquired a 43k sf building in Simi Valley for relocation of their headquarters. The transactions...
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• American Home Loans Expands Its Home in South Coast Metro Area
6/25/04
American Home Loans, a national mortgage lender, has inked a deal in Orange County's South Coast Metro area that will give them 50k sf of space at Equity Office Properties' Griffin Towers, a 540k sf office complex. The five-y...
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• Phoenix Rises at South Coast Corporate Center
6/24/04
The University of Phoenix will relocate its Fountain Valley Learning Center to Costa Mesa after signing a lease to occupy 46.5k sf at the South Coast Corporate Center. The seven-year deal has a total value of $7.8 mil, or abo...
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• Prentiss Properties Bets $18 Mil on a Bluff
6/24/04
A Prentiss Properties entity out of Dallas, TX has paid $17.7 mil for a 68.6k sf ($258/sf) Class A office property in Rancho Bernardo. Called The Bluffs, the four-story building is located at 16870 W. Bernardo Dr, south of Ra...
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• San Diego Community College District Passes Leasing Course in Kearny Mesa
6/23/04
Flextronics Design, a major contract manufacturer, inked a lease for 26.5 sf of office space in Rancho Bernardo, after signing a five-year, $2.3 mil deal ($1.45/sf/mo). The firm's new space is at 17075 Camino San Bernardo, b...
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• Santa Monica Office Sale has the Makings of a Good Broadway Show
6/23/04
Broadway Plaza, a 113k sf Santa Monica office property between 5th and 6th streets on Broadway, has changed hands with its sale by SM Broadway Associates LLC to Palisades Associates Inc for more than $30 mil ($265/sf). Locate...
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• Social Security Agency Finds Appealing Space at Pasadena Towers I
6/23/04
The United States General Services Administration (GSA) has signed a 10-year lease for 19.3k sf at Pasadena Towers in a transaction valued at $6.5 mil ($2.81/sf/mo). The GSA will relocate the Office of Social Security Appeals...
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• A Spectrum of Deals in Irvine Spectrum
6/22/04
It's been a busy few months in the Irvine Spectrum area, on both the leasing and sales front. And we're not even talking about all the activity in the land sales, and owner-user building sale front, where activity in Irvine S...
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• Pair of Big RREEFer Deals Light Up Fullerton Industrial Market
6/21/04
RREEF, the big pension fund advisory firm, recently inked a pair of industrial leases totaling 282k sf at the 1.25 msf Fullerton Crossroads Business Park, located at the southwest corner of Gilbert St and Malvern Ave adjacent...
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• Another Downtown LA Asset about to Trade Hands
6/18/04
Looking to take advantage of investors' appetites for properties in downtown Los Angeles, AEW is in the process of selling 600 Wilshire Blvd, the 300k sf building it purchased in partnership with Menlo Equities in 1999. From ...
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• Cortex Pharmaceuticals Uses Studley Brainpower in Irvine Renewal
6/18/04
Cortex Pharmaceuticals, a neuroscience company focused on drug therapies for neurological and psychiatric disorders, renewed their existing space in Irvine after agreeing to a five-year, $2.1 mil deal for 32k sf ($1.09/sf/mo)...
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• North Hollywood Office Building Fetches $8.5 Mil
6/18/04
A six-story, 87.7k sf San Fernando Valley office building traded hands at a price of $8.45 mil ($96/sf). Built in 1986, the building is located at 6400 Laurel Canyon Blvd, just east of the 170 Fwy at Victory Blvd in North Hol...
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• Grand Ave Committee Gets No Love
6/17/04
By Steve Bloom
In what was a big story at the end of May that again got butchered by some opinionated reporting by the LA Times, the Grand Avenue Committee narrowed the field of development teams vying for the chance to deve...
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• Deluxe Expansion Helps Menlo's Empire Grow
6/17/04
Deluxe Media Services, an international entertainment media services company, has agreed to a $3 mil expansion deal at Burbank Empire Center, the Class A office campus at 2400 Empire Ave in Burbank. Deluxe will be expanding i...
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• Insurance Firm is Lease-ING 73k sf HQ Space in El Segundo
6/17/04
ING North America Insurance Company has inked a lease for a new HQ location in the South Bay as part of the company's West Coast expansion. ING is taking the 11th, 12th and 14th Floors in the Pacific Corporate Towers, locate...
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• Triple Net Completes $274 Mil Triple Play in Downtown San Diego
6/16/04
Triple Net Properties LLC has just completed what is reported to be the largest office building sale in San Diego history, after paying $274.5 mil for three downtown high-rise buildings with a combined 1.16 msf ($237/sf) of s...
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• Layton-Belling Takes a Village
6/16/04
Layton-Belling & Associates purchased Village Business Park, a 445k sf industrial park at 7000-7150 Village Dr, east of Knott Ave and south of Artesia Blvd, adjacent to I-5 in Buena Park. The property, which sold for $41.5 mi...
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• Newport Beach Firm Grabs Long Beach Office Property
6/15/04
WRA Real Estate Investment Company, a Newport Beach-based private investment group, paid $16.9 mil for a 129.5k sf ($130.50/sf) office building in downtown Long Beach. The property, which was sold by Larkspur-based Fowler Fla...
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