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May 22, 2024
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SOUTHERN CALIFORNIA NEWS
Archive
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• Industrious Investor Goes for Industrial Building in City of Industry
6/03/02
In the City of Industry, a private investor paid $5.94 mil for a fully leased 94.5k sf ($63/sf) industrial building at 127 N. California Avenue, at the corner of Valley Blvd. Lushing-Collins Development, LLC developed the pro...
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• BAE's Westside Relocation May be the Crowning Achievement for Wateridge
5/31/02
We'll lead off this West L.A. lease review with an update on the continuing saga of BAE Systems Controls, the international defense and aerospace company, and their search for a new home on the Westside. When we last looked i...
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• Buyer Gets County Of Orange in the City Of Orange
5/30/02
There's been some commercial real estate activity in the city of Orange to let you know about, as we've got a recent sale and lease to report. Starting with the sale, a private investment group paid $10.2 mil ($61/sf) for a 1...
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• ReMax FutureSteps into Sherman Oaks Office Space
5/30/02
In this column, we're going to catch up on a few recent deals in the San Fernando Valley, beginning at the western end, where an 80k sf Warner Center office building at 6800 Owensmouth Avenue sold for $8.4 mil ($105/sf). The ...
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• CarrAmerica Acquires Chase Manhattan
5/29/02
There were two significant sales in the San Diego County real estate marketplace recently that are worthy of note. The first was the acquisition of the 76.7k sf Chase Manhattan Mortgage Building by CarrAmerica Realty Corpora...
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• May 28, 2002 - San Diego Office Market Poised For Recovery
5/28/02
The office market in San Diego County is relatively stable, in relation to other major markets around the country, and recent activity suggests the region is on the threshold of a steady recovery. At least that's the opinion ...
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• Tile Company Rides into Chula Vista on Southrail Business Park Deal
5/23/02
We'll lead off this San Diego sales review with an office buy in Sorrento Mesa, as a pair of private investors picked up a 57.2k sf office building for $7.2 mil ($126/sf). Located at 5825 Oberlin Dr, south of Mira Mesa Blvd a...
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• South Bay New Grubb Hub after Royal Deal in Airport Area
5/22/02
There's been a mini-flurry of investment activity in the South Bay, as we've got four recent sales to report. We'll begin in the LAX area, where Beverly Hills-based Royal Airport LLC picked up a 209.2k sf office building for ...
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• Santa Monica Building Reaches New Heidts
5/21/02
In a Santa Monica investment deal, Heidt-Wilshire I LP, a real estate limited partnership, purchased the Wilshire-Franklin building, a 32.5k sf office property at 3201 Wilshire Blvd, by 32nd St. The three-story building, whic...
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• McMahon Scores Triple Play in Irwindale Esportia Deal
5/19/02
Demand for modern industrial buildings in the eastern San Gabriel Valley remains strong, as evidenced by this latest sale, in which Garment importer Esportia acquired three recently completed buildings in Irwindale, totaling ...
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• Bicycle Distributor Pedals into 133k sf Camarillo Facility
5/17/02
There's been some notable activity in the Ventura County/Conejo Valley communities of Westlake Village, Camarillo and Oxnard to report, as we begin in Oxnard, with news of a sizable industrial lease. AstroMetallurgical, a pro...
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• Investors See Opportunities in Older Downtown LA Properties
5/16/02
There have been a couple of recent sales of older buildings in downtown L.A., outside of the city's main financial core. In one of the deals, San Francisco-based Albion Pacific Property Resources paid $6.4 mil for a 195k sf (...
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• May 16, 2002 - Lowe and Lowe Team Up at The Exchange
5/16/02
In the city of Hawthorne, Lowe Enterprises has acquired an additional 17-acre parcel from Northrop Grumman for the development of the retail portion of The Exchange, Lowe's 105-acre mixed-use redevelopment of the long vacant ...
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• Western Realco E.A.G.L.E.s Vacancy Hole at Ontario Park
5/15/02
Western Realco has inked another big transaction at their Airport Mission Business Park in Ontario, as Evergreen Aviation Ground Logistics Enterprises (E.A.G.L.E), a ground handling services company, has committed to a seven-...
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• San Diego Broker Fights for Both Sides in Midway Lease Battle
5/13/02
There has been quite a bit of leasing activity in San Diego County of late, and we'll try and get you caught up with a number of the more interesting deals. We'll start in Carlsbad, where Maximum Coverage Media inked a $1.39 ...
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• Tenet Becomes $11 Mil Tenant in Brentwood
5/10/02
In a big West L.A. medical office lease, Tenet Healthcare Corporation has signed a 10-year transaction for approximately 33.5k sf at 11620 Wilshire Boulevard, one of the buildings at West Wilshire Center. The transaction is v...
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• Residential Developer Locks Up Commercial Deal in Westlake Village
5/09/02
We've got a trio of recent activity updates from three communities at the northern and western edges of the LA Basin, those being the areas of Valencia, Calabasas and Westlake Village. We'll first turn our attention to the no...
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• Stirling Starts Work on a $100 Mil Lake Forest Project that You Auto Know About
5/08/02
Let's sojourn down to the county of Orange and visit several noteworthy properties that have recently changed hands or have been leased to new occupants. We have been reporting for some time now that Emulex Corp, a Costa Mes...
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• Insignia and CB Brokers Keep Candle Space Leased at Both Ends
5/07/02
In a major deal that bodes well for the South Bay office market, Northrop Grumman Corporation locked up a 300k sf expansion lease at the current Candle Corporation HQ building in El Segundo, in a transaction worth over $46 mi...
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• Westside Tenant Relocates from One Universe to Another
5/06/02
We've got a few recent Westside lease comps for those of you out there who want to keep up on all of the latest deal activity in the area. In one lease, eUniverse signed a 54-month, $2.2 mil sublease for 25k sf ($1.63/sf/mo) ...
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