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• Equity Exits Carlsbad
12/01/03
Equity Office Properties, the nation's largest publicly held office building owner, continues to divest certain properties that no longer fit into the firm's current strategic plans or to meet other special needs that come up...
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• Katell Lands a Lease for Over Half of Agoura Hills Centre
11/28/03
There's been activity out in the Conejo Valley, but until very recently, it wasn't the right activity for developer Jerry Katell, since the tenants kept passing up his new Agoura Hills Centre building for other vacancies in t...
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• Salton Distribution Center in Redlands Sells for $36 Mil
11/28/03
USAA Real Estate Company, out of San Antonio, TX, wrapped up a major industrial acquisition, even for the Inland Empire, having paid $36 mil for a 984k sf ($36.50/sf) warehouse/distribution facility in the city of Redlands. D...
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• Investor Makes Thrifty Purchase of Irwindale Office Property
11/26/03
Thrifty Oil Company, a Santa Fe Springs-based private investment group, made an acquisition in the LA area, after paying $5.5 mil for Irwindale Executive Plaza, a 54.5k sf ($101/sf) office property in Irwindale. Located at 52...
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• Transwestern Inks Epic Deal at Irvine Center Towers
11/26/03
We've got a few notable office leases from Orange County to report, as tenant activity seems to have picked up a bit in the fall. To start, we'll share the most recent news that we learned of, that being Grant Thornton's $5.5...
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• Boeing Sells Two Spec Industrial Buildings in Anaheim
11/25/03
Boeing Realty Corporation has sold two speculative industrial buildings totaling 64.5k sf. The buildings were developed by Boeing on excess land that the company had on the Boeing Anaheim Campus. Centra Realty Corporation act...
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• Parker Reaching New Summits with OC and Valencia Deals
11/25/03
Parker Properties, the firm founded by real estate visionary John B. Parker, is currently busy leasing up and building out its Summit Office Campus in Aliso Viejo, as well as its Summit at Valencia property in that north LA C...
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• Arco Plaza to Become Home of Largest Bank HQ in LA Area
11/24/03
City National Bank, aka the ladder company, has agreed to a long-term lease for 310k sf of space at Arco Plaza, marking a major vote of confidence in downtown Los Angeles's continued recovery as the city's business and financ...
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• Palmdale Industrial Sale Closes with Flying Colors
11/24/03
There have been a number of fairly recent deals from in and around the San Fernando Valley that, while not the headlining-grabbing type of transaction news, are certainly valuable comps for those of you who closely follow act...
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• Opus Promises New Crossing at California/Mexico Border
11/21/03
Opus West Corp is planning a 320k sf industrial park, to be called Opus Crossings, in Otay Mesa, after purchasing 18 acres of land in this southern part of San Diego County. The Phoenix-based subsidiary of the Opus Group of C...
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• Hindenberg Explodes onto Fullerton Industrial Scene
11/20/03
In a Fullerton sale, Hindenberg Trust paid $6.3 mil for an 85.7k sf ($73.50/sf) multi-tenant industrial building at 2461-2495 E. Orangethorpe, between State College Blvd and Placentia Ave at the eastern edge of the city. It w...
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• Dr. Lee Goes for Herbalife
11/20/03
The Herbalife building at 9800 La Cienega is reportedly selling this week for $22.3 mil, or $64/sf for the 350k sf high-rise. Located along the 405 Fwy just north of Century Blvd in the perennially depressed LAX market, it is...
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• Orange County Industrial Leases
11/19/03
It's never easy finding industrial space in Orange County, and despite the recent economic sluggishness, now is not an exception. And when quality vacancies for lease are tough to come by, tenants are more inclined to renew, ...
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• Investment Group Pays $22 Mil for B of A Building in Beverly Hills
11/19/03
The 87.6k sf Bank of America Building at 9440 Santa Monica Blvd in Beverly Hills' famed Golden Triangle has been sold by Douglas Emmett & Company for $21.9 mil ($250/sf), to IRP Beverly Hills Associates, a limited liability c...
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• Prime Pacific Delivers Nice 144k sf Package to FedEx
11/18/03
FedEx Corp has inked a lease for about 60% of the former Western Regional distribution center for Gap Inc in Ventura, a 240.6k sf facility at 5198 Colt St that was recently purchased by LA-based Pacific Prime Properties. FedE...
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• Northrop Grumman Jumps Off De-Fense and Signs $100 Mil Renewal/Expansion Lease
11/18/03
Northrop Grumman Corporation has signed a renewal/expansion lease at their existing Century City HQ offices that ranks as one of the largest leases in West Los Angeles in the past year. The global aerospace and defense firm i...
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• Birtcher Investments Picks Up $14 Mil La Habra Industrial Park
11/17/03
Laguna Niguel-based BR Birtcher Investments LLC has acquired Lambert Palm Business Center, a 186.2k sf multi-tenant industrial business park located at 601-655 South Palm St, north of Lambert Rd in La Habra. The 11-building p...
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• Long Beach and Pasadena Get Good Grades in Historic Preservation
11/14/03
The Los Angeles Conservancy released its first report card grading the preservation efforts of the 89 local governments in Los Angeles County. Long Beach, Pasadena, Santa Monica, South Pasadena, West Hollywood and Whittier e...
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• Fenton Pays $15 Mil for Carlsbad Corporate Center
11/13/03
San Diego-based H.G. Fenton Company wrapped up another local investment after paying $15.3 mil for Carlsbad Corporate Center, a two-building, 150.7k sf ($101.50/sf) industrial complex in Carlsbad, along with an adjacent 8.27-...
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• Malibu Biotech Firm Surfs over to Conejo
11/12/03
Trading in the waves and nice sunsets, Malibu-based biotech company CERES Inc in October announced it had signed a lease for a 49k sf R&D building in Conejo Spectrum, a 100-acre master-planned technology business campus. Acco...
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