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• A New Brady Bunch Takes Over East LA Church Property
2/14/03
A trio of Grubb & Ellis brokers recently closed a not-so-typical sale in East L.A., as a 30k sf church property traded hands for $2.3 mil ($77/sf). Known as the “Church on Brady,” the property is at 715 S. Brady Ave, west of ...
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• BentleyForbes Bullish on $35 Mil Listing for Temecula Fertilizer Facility
2/13/03
We've heard that a major Inland Empire industrial building, which we've reported on in the past, is available to the right buyer for the sum of $35 mil. The building of which we speak is the 413k sf Scotts Company facility at...
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• Apparel Firm Sews Up Industrial Lease in Fullerton
2/12/03
We've got a few more lease comps from Orange County to share with you, starting in Santa Ana, as Advanstar Communications Inc, a Boston-based privately held publishing company, signed a six-year renewal at 201 East Sandpointe...
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• Financing Notes: Ontario Buyer Gets to Pic ‘N' Save Thanks to $4.4 Mil Loan
2/11/03
Marcus & Millichap Capital Corporation arranged $4.4 mil in acquisition financing on Ontario Village Shopping Center, a 40k sf retail center at the northeast corner of Holt Blvd and San Antonio Ave in Ontario. Anchored by Sta...
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• Collision Center Buyers Run into N. Orange County Industrial Sellers
2/11/03
Reports of Orange County transactions have been arriving at a fast pace since the onset of the New Year and this current narrative is comprised of sales that have recently been completed in the region. We'll open with the pr...
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• Saunders Pays Praediuim $9 Mil for La Mirada Office Property
2/10/03
Here's the scoop on a couple of recent investment property buys from the East LA communities of La Mirada and Norwalk. We'll lead off with the La Mirada deal, as OC-based Saunders Properties paid $9 mil for the Atrium Buildin...
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• Dr Lee's $14 Mil Buy Continues Healing Process in LA's Mid-Wilshire Area
2/10/03
Jamison Properties, the investment entity of Dr. David Lee, made another buy in L.A.'s Mid-Wilshire area, bringing his total portfolio up to 7.5 msf of space. The latest deal was his $14.4 mil ($72/sf) purchase of 3350 Wilshi...
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• Olson Company Buys Last Parcel at Dinkler Ranch for $2.37 Mil
2/07/03
The Olson Company, a Long Beach-based developer, just closed escrow on a unique 3.1-acre parcel in the city of Anaheim, in an acquisition that cost them $2.375 mil ($17.50/sf). Olson plans to move forward with a residential d...
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• Financing Notes
2/07/03
Let's take a quick look at a few “bread-and-butter” financing deals in the state, starting with the capital markets division of Burnham Real Estate Services, which recently arranged funding for a number of San Diego propertie...
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• February 6, 2003 - GSolutions Solves Vacant Space Problem for Ventura Landlord
2/06/03
For those of you having a tough time coming up with recent deal comps from Ventura County, we've got a trio of smaller industrial leases from the last month to help you update your comp sheets. The first deal is from the city...
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• MGM Plaza Roaring with Activity
2/06/03
By Allen Wolfsheimer
allenw@rentv.com
Tishman Speyer Properties, which acquired the 1.1 msf MGM Plaza office campus from Maguire Partners a couple of years back, is definitely not just sitting still with their investment. Af...
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• Showroom Property on Showroom Floor Again?
2/05/03
Three more major downtown Los Angeles properties are reportedly on the block, at least according to recent news from Real Estate Alert. One of the properties is CaliforniaMart, the giant 1.4 msf clothing showroom facility, at...
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• Shidler and Fenton Swoop in on Mid-San Diego County Buys
2/05/03
The Shidler Group and H.G. Fenton Company, two firms that have been very active investors in San Diego County and that we've reported about on many occasions, have both recently wrapped up major acquisitions in the Miramar/Sc...
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• TA Associates Grooms Chatsworth Facility with $13 Mil Lease by Makers of Alberto
2/04/03
Here's the scoop on a couple of interesting deals from the west San Fernando Valley community of Chatsworth, brokered by the Grubb & Ellis duo of Chris Jackson and Todd Lorber. The larger of the two transactions is big indust...
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• Pacifica Group Pays $19 Mil for Cornerstone of Commerce Office Market
2/04/03
Pacifica Real Estate Group, a Santa Barbara-based real estate investment/management firm, wrapped up a hefty buy in LA's Mid-Cities area, having paid $19 mil ($97.50/sf) for Commerce Plaza, a 195k sf suburban office campus in...
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• Legal, Government and Non-Profits Consume Space on the Westside
2/03/03
The signing of a ten-year lease at 1901 Avenue of the Stars in Century City is the culmination of a five-year search by a nationally recognized Los Angeles-based law firm and the featured story in this report of recent lease ...
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• Western Realco Big Boxes Go Real Fast
1/31/03
The Inland Empire has become known for its “big box” warehouse and distribution buildings and these tend to lease up fairly quickly, even on a spec basis. And in the city of Ontario, that's what Vance Mape, President of West...
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• Eastwood Insurance Wraps up Savi Buy in Yorba Linda
1/31/03
The first month of 2003 is not yet complete and we already have an abundance of significant sales to report in the Orange County marketplace. Of course, we hear about more than the usual number of transactions in January, as...
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• Irvine Office Building Adds the Union Label
1/30/03
Here's news of another significant Orange County office deal, from a couple of weeks ago, as Union Bank of California inked a seven-year, $14 mil lease for 64.7k sf ($2.58/sf/mo) within Irvine Center Towers. Located at 18300 ...
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• Tile Company Cements Acquisition of 100k sf Sylmar Facility
1/29/03
Industrial sales activity in the San Fernando Valley continues on a fast pace, one month into the new year, as evidenced by these recent examples. We begin in the northeast SF Valley town of Sylmar, where Fresno-based Bedrosi...
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