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June 20, 2024
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SOUTHERN CALIFORNIA NEWS
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• Get Ready for RiverPark!
8/25/02
This introductory report about the soon-to-begin construction of the RiverPark development in Oxnard is sure to be the first of many, considering the time it will likely take to complete this massive project. The attached im...
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• Not-so-Plain Deals from the Oxnard Plain
8/23/02
The folks at the Ventura office of CB Richard Ellis have passed on some info about a handful of recent deals out that way, which we've covered for you in this piece. All of these properties lie in the Oxnard Plain, an area t...
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• LBA and AEW Team Up for $33.5 Mil Santa Fe Springs Buy
8/23/02
A partnership of Newport Beach-based Layton-Belling & Associates and AEW Capital Management has acquired Town Center Business Park a master-planned 457.5k sf complex in Santa Fe Springs. The new entity, called LBA-VIF I, pai...
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• The Show Must Go on as Church Buys Vacant Theater in Montclair
8/22/02
Let's catch up with some recent deal activity from the Inland Empire, starting in Rancho Cucamonga, where Rafco Products Brickform inked a six-year, $1.66 mil lease for a 79.1k sf ($0.29/sf/mo) industrial building at 11061 Je...
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• Anaheim Hills Corporate Center Sells for $11.3 Mil
8/21/02
WLA Investments has added Anaheim Hills Corporate Center, formerly Foremost La Palma Industrial Park, to its investment portfolio, by paying $11.3 mil for the 134.5k sf ($84/sf) property. Located at 4875-4887 E. La Palma Ave...
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• Insignia/ESG Boosts their Management Biz in SoCal
8/21/02
Insignia/ESG has recently been awarded new management contracts for over 1.3 msf of space, comprised of office, industrial and retail properties throughout greater Los Angeles and Orange Counties, according to a recent announ...
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• Pro Moves: Top Companies Name Some New Top Execs
8/20/02
There have been a number of major executive moves in the industry over the last couple of months, a few of which we'll run down for you in this report. To start, we'll mention a change of leadership at a big office REIT, as T...
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• CT Fullerton Buy Shows Why Everyone Loves Raymont
8/20/02
We'll start off this Orange County sales review in Fullerton, where CT Realty Corp paid $7.45 mil for a 192.8k sf ($39/sf) industrial building at 800 S. Raymond. The free-standing corner property sits on nine acres of land, b...
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• August 19, 2002- Hitachi Trucks into Siempre Viva Business Park
8/19/02
Hitachi Transport System Ltd, the largest warehouse, logistics and distribution company in the Otay Mesa region, signed a five-year lease for 112k sf of space at Siempre Viva Park, a 2 msf master-planned business park just no...
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• Arden Signs Law Firm to $16 Mil Lease at Westwood Center
8/16/02
Liner Yankelevitz Sunshine & Regenstreif, LLP (LYS&R), a Santa Monica-based law firm, has inked a 10-year lease for 38.85k sf at Westwood Center, the award-winning tower at 1100 Glendon Ave in Westwood Village. The transactio...
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• Maguire Schools LAUSD in Real Estate Leasing
8/15/02
The LAUSD has finalized a big office renewal in downtown Los Angeles, as they opted to remain at MaguirePartners' KPMG Tower on Bunker Hill, rather than relocating to the Transamerica Center, the primary competitor for the he...
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• PT Cruises on Santa Monica Blvd
8/15/02
Here's a trio of interesting recent Westside office deals, one lease and a pair of sales. We'll start with the lease, as A.G. Edwards & Sons, one of the nation's oldest and largest investment firms, inked a 10-year, $4 mil de...
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• August 14, 2002 - Big $55 Mil Pre-Lease Enables MaguirePartners to Add an Asset to Its Assets
8/14/02
In a vote of confidence for the Tri-Cities office market, Western Asset Management, one of the world's premier fixed income investment managers has signed a $55 mil, 10-year-lease agreement for 155k sf ($2.96/sf/mo) of office...
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• Kilroy Locks Up $15 Mil Sorrento Mesa Deal with Credit Union
8/14/02
San Diego continues to be active, as we've recently gotten info on a flurry of closed deals. These are a few of them, but look for a bunch more over the next week. USE Credit Union, San Diego County's fifth largest credit uni...
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• Coca-Cola Bottles Five-Year Deal in Downtown LA
8/13/02
While researching our latest Downtown LA Hot Transactions report, we came across a handful of recent leases that we've not yet reported on the site, which we thought you might want to know about. We'll review them for you her...
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• Samsung Lands on Park Place
8/12/02
In this report, we're going to give you a brief update on a number of recent leases from Orange County. To start, we'll go to the master-planned city of Irvine, to mention three deals, including Samsung Electro Mechanics' 78-...
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• Arden Makes $66 Mil Office Buy in Torrance
8/10/02
Investment activity in the South Bay seems to be heating up. Just a week or so after reporting a couple of major office sales in the region Commercial Ventures' $28.5 mil buy of Andrex Point and The Abbey Company's $20 mil ...
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• $125 Mil South LA Mixed-Use Development gets Go-Ahead from City
8/09/02
Last week, the Los Angeles Community Redevelopment Agency approved the $125 mil Marlton Square project, a mixed-use redevelopment plan for the former Santa Barbara Plaza site. The agency also agreed to its portion of a $42.2 ...
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• Tishman Speyer Takes Great Protocare with Latest Renewal at MGM Plaza
8/09/02
A 13.2k sf office building in Marina del Rey was acquired by HIJD Family Trust for $2.25 mil ($170/sf). Located at 13470 Washington Blvd, near Lincoln Blvd, just a few blocks away from the new Rentv World HQ facility, the buy...
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• TDC Puts 623k sf Food Facility on Its Table
8/08/02
Transpacific Development Company (TDC), a Torrance-based full service real estate development, investment and management firm has purchased a 623k sf distribution facility on behalf of Sacramento Foodco Investors LLC, a TDC a...
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