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• Houdini Re-Appears in Buena Park
8/10/04
It's time to take a look at some recent leasing action in Orange County, as we start off in Buena Park, where Houdini Inc, a gift basket maker, inked a five-year, $11 mil deal for a 400k sf ($0.46/sf/mo) facility. The buildin...
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• It's a Grand Day for The Related Companies
8/09/04
And then there was one… as the Los Angeles Grand Avenue Authority today voted unanimously to award an exclusive right to negotiate agreement for the Grand Avenue development to The Related Companies. The Grand Avenue Committ...
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• The Irvine Company Close to Acquiring 308k sf Opus Center II Tower in Irvine
8/08/04
The Irvine Company, the big Orange County developer and landowner, is reportedly very close to purchasing Opus Center II, a 308k sf Class A office tower in Irvine that was developed two years ago by Phoenix-based Opus West. E...
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• Inspired Buyer Spends $8.4 Mil on Gardena Industrial Facility
8/08/04
Industrial properties in LA's South Bay region continue to draw investor interest, as evidenced by three recent transactions reviewed in this update. In one deal, Inspired Ventures LLC purchased a 209k sf free-standing buildi...
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• Layton Belling Rules 49th Street in Vernon after $16 Mil Deal
8/06/04
Layton Belling Associates has acquired the 49th Street Industrial Center, a four-building, 222.5k sf warehouse/manufacturing/distribution complex at 2000, 2050, 2080 and 2100 East 49th St, just east of Alameda St in the city ...
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• Jamison Moves into Warner Center with $18 Mil Purchase of Warner Atriums
8/06/04
LA-based Jamison Properties, the largest office property owner in LA's Mid-Wilshire area and reportedly the largest office landlord in all of LA, just acquired Warner Atriums, a 144k sf office complex at 6400 Canoga Ave, in t...
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• Pacifica Nabs Agoura Hills Office Building in $13 Mil Buy
8/05/04
Pacifica Real Estate Group of Santa Barbara purchased a new, fully-occupied Class A office building situated along the 101 Technology Corridor in Agoura Hills. Located at 30301 Agoura Rd, just west of Warner Center on the sou...
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• Newport National and Currie Partners on a Mission in San Diego
8/05/04
Construction is underway on Rio San Diego Plaza II, a new 75.5k sf Class A office building being developed by Newport National Corporation (NNC) and The Currie Partners in San Diego's Mission Valley. The three-story office b...
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• Chicago Investor Checks into Glendale Medical Facility
8/04/04
A two-building, 106.6k sf medical office facility in Glendale was acquired by LaSalle Management, a Chicago-based institutional investor, for $14.2 mil ($133.50/sf). Known as Verdugo Hills Professional Buildings, the complex ...
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• Investors Shave Office Properties Off the Market on Gillette
8/04/04
In an interesting Irvine transaction, Real Estate Partners Inc collected $6.1 mil from the sale of a 24k sf office building that the firm had just acquired in March of this year for $3.83 mil. The building, located at 2569 Mc...
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• Gift Importer/Exporter Leaves Its Mark in Ontario
8/03/04
Mark Supply LLC, an importer/exporter of gift products from the Pacific Rim area, has paid $8.7 mil for a near-new 148k sf ($59/sf) distribution facility in Ontario. The firm's new space, situated on seven acres at 2041 Turne...
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• The Buchalter Stops Here
8/02/04
Downtown Los Angeles can chalk up yet another major law firm deal, as the firm of Buchalter, Nemer, Fields & Younger has inked a long-term lease for 83k sf of space at 1000 Wilshire Blvd, the 22-story, 471.7k sf tower that si...
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• Opening of 56 Corridor Spawning New Class A Office Market in San Diego County
8/02/04
The long-awaited opening of SR-56 in San Diego County, connecting I-5 with the inland I-15 Corridor between the Carmel Valley and Sabre Springs areas, is providing the lynchpin for a new Class A office sub-market in the regio...
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• Palo Alto Investment Firm Extends Its Broadreach into Tustin
7/30/04
Broadreach Capital Partners, in a joint venture with Stonewood Properties, has acquired its first Southern California asset, a vacant 200k sf suburban office complex in Tustin, in a deal valued at about $17 mil ($85/sf). The ...
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• Fenton to Add Another 105k sf at Carlsbad Corporate Center
7/30/04
H.G. Fenton Company is about to begin construction on a major expansion of Carlsbad Corporate Center that will add more than 105k sf of industrial and office space in four new buildings. When complete, Carlsbad Corporate Cen...
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• $13 Mil Scripps Ranch Sale is on the Horizon for The Shidler Group
7/29/04
July 29, 2004 – $13 Mil Scripps Ranch Sale is on the Horizon for The Shidler Group
Rancho Bernardo Investor Spends $6.5 Mil at The Crossroads
A two-building, 78.4k sf office complex in Scripps Ranch traded hands, as Horizon ...
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• Mercedes Parks Itself at Beverly Hills Building for another 10 Years
7/29/04
In what could certainly be called the “Mercedes-Benz” of Westside office renewals, Mercedes-Benz' Group One Mercedes agreed to a 10-year expansion/renewal lease for 57k sf at 9242 Beverly Blvd, in a deal that boosts the compa...
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• City of LA Has Downtown Real Estate on Its Mind
7/29/04
The City of LA is wheeling and dealing on property, and is also thick in the process of making decisions about the Staples area and Grand Avenue that will have long lasting impacts on the city. It seems a lot is happening qui...
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• Snyder Langston Enlisted for $77 Mil Air Force Project in the South Bay
7/28/04
A venture of Kearny Real Estate Co, MorganStanley Real Estate IV and Catellus Development Corp recently awarded the $77.5 mil contract for construction of 542k sf of new facilities at the Los Angeles Air Force Base to Snyder ...
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• USD Real Estate Institute Gets Moore Dough
7/28/04
Here's a news piece we cut from The San Diego Daily Transcript that we felt deserved more widespread exposure with the statewide RENTV audience, that being the donation last month of $5 million smackeroos to the Real Estate I...
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