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• Travel Firm to Spend more Time at LAX Building
8/22/03
American Tours International, a global travel agency, has renewed their existing space for 34.4k sf at Skyview Center II, in the LAX area. The firm agreed to a 10-year deal, which includes continued building-top signage at th...
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• Investors Continue to Pursue Major LA-Area Office Properties
8/21/03
LA's office leasing market may still be sluggish, however, demand on the investment side seems to be growing. There have already been a number of major office sales in the Los Angeles area so far this year, including Arco Pla...
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• FedEx Delivers to their Own Melrose Place
8/21/03
We have a trio of industrial leases to report from Orange County, beginning in Irvine, where Dainippon Screen Engineering of America signed a five-year, $2 mil renewal for a 22.7k sf ($1.47/sf/mo) building at 17942 Cowan Ave,...
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• August 20, 2003 - Fountain Valley Business Up a River after $3 Mil Building Acquisition
8/20/03
Here's a quick review of a few industrial sales comps from Orange County. We'll start in Fountain Valley, where a pair of private investors paid $3.05 mil for a 34.1k sf ($89/sf) industrial building for their van sales busine...
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• LAUSD and a Neighborhood Coalition Dance at the Cocoanut Grove
8/20/03
The Cocoanut Grove Center Coalition, an organization formed this summer to advocate development of LA's Ambassador Hotel site that serves a broad range of community needs, told the Los Angeles Unified School District that the...
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• Covert Operations Sneak into Carlsbad
8/19/03
Senior Resource Group signed a five-year, $2.1 mil lease for 10.7k sf ($3.27/sf/mo) of office space at 500 Stevens Ave, west of I-5 and north of Via De La Valle in Solana Beach. Ron Miller of Burnham Real Estate Services repr...
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• NoHo is a Go
8/18/03
After decades of major setbacks in the effort by Los Angeles' Community Redevelopment Agency to re-vitalize the blighted commercial core of North Hollywood, the LA City Council unanimously approved J.H. Snyder Company's devel...
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• Sylmar Industrial Building Becomes Riverfront Property
8/18/03
Linzer Products Corporation, a leading manufacturer and supplier of painting tools and accessories, just acquired a 210.3k sf industrial building in San Fernando for $13.8 mil ($66/sf). The property, which is at 675 Glenoaks,...
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• Looks Like the Steelcase is Closed; Firm Signing $9 Mil Lease in Santa Monica
8/15/03
Here's an update on a few recent news pieces from LA's Westside, much of which was mentioned in our recently posted Hot Transactions report for West Los Angeles. This includes news about the former Continental Graphics site a...
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• Badda Bing! HBO Signs for 110k sf at Colorado Center
8/15/03
We just learned of a major Westside office lease that signed today, as HBO has taken the top two floors at Colorado Center's 2500 Broadway building, for a total of 110k sf in a 15-year deal. The big cable programmer, which we...
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• August 14, 2003 - New Oceanside Business Park to Break Ground Later this Year
8/14/03
In Oceanside, Orange County-based bkm Development Company paid $7.7 mil for a 37-acre parcel, east of College Ave, between Oceanside Blvd and North Ave. The buyer intends to construct a 529k sf industrial project to be calle...
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• August 14, 2003 - Family Partnership Wraps Up $5 Mil Buy of Sorrento Mesa Building for Kreiss' Sake
8/14/03
A 58.4k sf industrial building that currently serves as the corp HQ and distribution facility for Kreiss Enterprises, manufacturers of fine furniture, was purchased by the Aardema Family Partnership for $4.8 mil ($82/sf). Loc...
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• City of San Fernando Sees Significant Land Deals
8/13/03
In a matter of weeks, we caught news of two sizable deals for sites in the City of San Fernando, which is in the northernmost part of the central SFV, tucked under Sylmar and the Angeles National Forest.
The first transacti...
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• San Clemente Industrial Park Sale is Foremost in the News
8/12/03
Foremost Business Parks LLC, a Laguna Hills-based commercial real estate investment firm, has beefed up their portfolio with four recent acquisitions in south Orange County. The recent acquisitions, all multi-tenant industria...
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• August 12, 2003 - Get a Marquis Resort Property in the Desert
8/12/03
If you haven't been exposed to this opportunity, it's one that we'd like to see get sold, if not for the fact we're tired of seeing it vacant when we drive by it on those weekends when we're out at the family compound, not to...
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• Snyder Langston Operon Sells Six-Pack in San Gabriel Valley
8/11/03
Snyder Langston Operon Group, the local company that is a partnership between the Operon Group and Snyder Langston, earlier this summer announced that they sold six brand new concrete tilt-up buildings at Imperial Business Pa...
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• Investor Able to Sure Save Hemet for Only $4 Mil
8/08/03
A four-building, 88k sf Temecula business park traded hands, as Laguna Beach-based Foremost Carmel Mountain Ltd paid $9.8 mil ($111/sf) for Temecula Corporate Centre, at 43379-43397 Business Park Dr. Developed in 2002, Temecu...
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• Maguire Makes Case for $20 Mil Law Firm Renewal at US Bank Center
8/08/03
We just learned of two very recent law firm renewal deals in downtown Los Angeles, one at US Bank Center and the other at 800 Wilshire. In the larger of the two transactions, White & Case LLP, one of the world's top five rank...
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• Navy Federal Building Sets Sale for $2.25 Mil
8/07/03
A 35.8k sf Kearny Mesa office building, one of three structures that make up the CP Kelco Corporate Campus, traded hands for $5.4 mil ($151/sf). Located at 8355 Aero Dr, east of the 163 Hwy at the southern edge of Montgomery ...
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• Financing Caps Efforts at Cal Market Center
8/07/03
A few weeks back the owners of the 3 msf California Market Center, an entity controlled by Judah Hertz and DMG World Media USA, got an $82 mil loan from CDC Mortgage Capital, the US unit of the Paris-based bank CDC IXIS. DMG...
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