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• $7 Mil Sherman Oaks Office Property is so Metropolitan
10/27/03
A San Fernando Valley office property traded hands, as Metropolitan Pacific Capital LLC paid $7.1 mil for 12925 Riverside Dr, a 37k sf ($192/sf) building situated west of Coldwater Canyon Ave and north of the 101 Fwy in Sherm...
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• Here's the Low Down on New Torrance Business Park
10/24/03
Jalux Americas Inc, a subsidiary of Japan Airlines, will relocate its headquarters to the LAX Business Center after signing a 10-year, $2.9 mil lease for 13k sf ($1.86/sf/mo) at 390 N. Sepulveda Blvd. Jalux will occupy a por...
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• CB Kruse-ing Along with Hiring of Top LA Industry Veteran
10/23/03
In a major SoCal brokerage pro move, Jim Kruse, a 25-year industry vet, joined CB Richard Ellis to head its Los Angeles South operations. Kruse joins CBRE from Grubb & Ellis where he served as Executive Vice President of the ...
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• Cedars-Sinai Writes Perfect Prescription for JP Morgan
10/23/03
Cedars-Sinai Medical Group, the huge West LA medical organization based around Cedars Sinai Hospital and in a number of adjoining offices between 3rd St and Beverly Blvd, on the west side of San Vicente Blvd, has just inked a...
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• Leasing at Encino Building On-Course after New Deal for Rutter
10/23/03
In a recent Calabasas lease, the Center for Civic Education, an internationally renowned non-profit educational organization that promotes the principles and practice of democracy, signed a five-year, $1.6 mil deal for 16.4k ...
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• Air Conditioning Company Pays a Cool $1.2 Mil for Corona Facility
10/22/03
Here's the scoop on a couple of industrial property buys from the Inland Empire, one in Ontario and the other in Corona. We'll start with the Ontario transaction, as Tech Packaging Inc, a Florida-based packager of food and pe...
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• Basslamp Goes Fishing for Buildings in Eagle Rock
10/21/03
Here's a recent office sale in Burbank, as Molai Properties paid $2.5 mil for a 20.6k sf ($121/sf) building at 217 East Alameda Ave, east of San Fernando Blvd. Aziz Molia, who owns Molia Insurance Agency, an independent Allst...
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• More and More Sales from Orange County
10/21/03
September was a busy busy month on the sales front in Orange County, as we've still got a number of interesting transactions to let you know about from the past month or so. So to augment the deals we typed up in earlier repo...
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• The Irvine Company gets Quality Assurance with UTC Office Lease
10/20/03
Here's a quick update on a trio of office lease comps in San Diego County. The first transaction is in Mission Valley, where Premier Office Centers agreed to a five-year, $2.63 mil lease for 18.6k sf ($2.36/sf/mo) of space at...
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• October 17, 2003 - Sentre Buys a Center in San Diego's Center City
10/17/03
A partnership of GE Capital Advisors and Sentre Partners has bought the Koll Center San Diego, the colorful Class A high-rise at 501 W. Broadway, in the heart of downtown. Although a price was not disclosed, we had reported ...
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• Office Property Sales Continue their Ascent in Burbank
10/16/03
Here's news of a recent San Fernando Valley office sale, as Younan Properties Inc paid roughly $10 mil for Warnerview, a 60k sf ($167/sf) building at 5959 Topanga Canyon Blvd, at Oxnard St. The building was purchased from Kea...
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• Transwestern Signs a Real Credit Tenant to $6.5 Mil Lease
10/16/03
TransUnion, the giant consumer credit reporting agency, inked a 10-year, $6.5 mil renewal/expansion lease at the TriCentre office building in Orange, which bumps up their existing 16.4k sf of space to 19.6k sf ($2.76/sf/mo). ...
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• Buyers Grab Kearny Mesa Properties
10/15/03
Here's news of a couple of recent sales transactions from San Diego's Kearny Mesa area. One of the deals was for a 55.5k sf industrial building at 4255 Ruffin Rd, south of Balboa Ave between the 163 Fwy and I-15, which sold f...
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• LAX Office Market Feeling Fit after $7 Mil Lease
10/14/03
24 Hour Fitness is helping to pump up the LAX market by taking 25k sf of space at Airport Center, after signing a 15-year lease valued at $7 mil ($1.56/sf/mo) a few weeks ago. The San Ramon-based fitness club chain will reloc...
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• Murphy's Law of RE Economics in Otay Mesa
10/14/03
This article will recap a handful of industrial sales that have occurred in San Diego County over the past month, starting with a major $61.8 mil transaction in September for seven industrial buildings containing 727k sf ($85...
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• Watson Supplements Leasing at Carson Center with $20 Mil Renewal
10/13/03
Leiner Health Products, the world's largest private label manufacturer of vitamins, minerals and nutritional supplements, has inked a 10-year, $20 mil renewal lease for their two-building, 471.5k sf ($0.35/sf/mo) HQ compound ...
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• Barker Pacific Acquires Controlling Interest in Xerox Centre
10/13/03
Barker Pacific Group is in the news again, as the LA-based firm acquired a general partnership position in Xerox Centre, giving them the controlling interest in the 330k sf office building, located at 101 Continental Blvd in ...
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• Shibuya Joins Trammell Crow
10/10/03
Robert K. Shibuya has joined Trammell Crow Company as its Executive Director of the National Brokerage Services group, departing from CB Richard Ellis a few months after it had acquired Shibuya's long-time home, Insignia/ESG....
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• Norwalk Office Property Fetches $48 Mil
10/10/03
Brentwood-based Sonnenblick Del Rio Government Acquisition Fund #1 has wrapped up a $48 mil purchase of Imperial Centre, a 450k sf ($107/sf) office complex in Norwalk. Located at 12440 Imperial Hwy, the seven-story building s...
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• Pivotal Deal for Downtown LA Office Market
10/09/03
It looks like we can soon move downtown LA's MCI Center into the sold category, as a Phoenix-based advisory group has agreed to pay around $125 mil ($122/sf) for the mixed-use complex at 700 S. Flower St. According to Real Es...
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