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Electronic Arts ain't Playing Games 8/06/03 Electronic Arts, the world's leading interactive entertainment software company, has finalized a mega-office lease at Playa Vista, agreeing to a long-term deal for virtually all of the two-building, 250k sf campus developed b...
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Teamsters Move Themselves into $3.2 Mil Covina Building 8/06/03 There's been a trio of interesting deals in the San Gabriel Valley from the past month that we put together in this brief report, for those of you who like to keep tabs on activity from the easternmost part of Los Angeles Cou...
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Financing Notes 8/05/03 Here's a trio of recent financing deals arranged by Johnson Capital, the successful real estate advisory firm headquartered out of Irvine. In one transaction, Greg West put together an $11.25 mil permanent loan for the refina...
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Bravo for M. David Paul and Leasing Activity at the Pinnacle 8/04/03 Yesterday's news of Tishman Speyer's $115 mil purchase of The Tower has heightened our interest in recent real estate activity in this well-located Tri-Cities market, which has long been one of the favorite HQ locations for m...
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Tishman Speyer Closes Towering Office Buy in Burbank 8/03/03 A major SoCal office property, and one of the most successful examples of the office construction boom of the late 80s, The Tower in Burbank, a 32-story, 494k sf Class A high-rise, has been purchased by Tishman Speyer, the hu...
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La Brea Bakery to Pay a Lot of Dough for More Space 8/03/03 La Brea Bakery, a national distributor of artisan breads, has inked a 10-year, $11 mil lease for 132k sf ($0.69/sf/mo) of space, doubling the size of its HQ and baking operations within The Lewis Business Park in Van Nuys. La...
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Newport Federal Makes $14 Mil Anaheim Buy 8/01/03 In a recent Anaheim sale that we referred to in an article a couple of days ago, Newport Federal acquired Anaheim Corporate Center, a four-building, 157.6k sf R&D/office park at 5101 – 5109 La Palma Ave, between Lakeview Ave ...
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Crown Realty to Develop 34k sf Hawthorne Build-to-Suit for Circuit City 8/01/03 Crown Realty & Development Inc acquired a 2.8-acre parcel at 5033 West 147th St in the city of Hawthorne and plans to immediately begin development of a 34k sf build-to-suit location for Circuit City. Prior to breaking ground...
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The CB/Insignia Merger: A Personal Look 8/01/03 By Steve Bloom
Last week, the day the merger of CB Richard Ellis and Insignia Financial Group became official, I had the pleasure to sit down with both Lewis Horne and Robert Shibuya, the two gentlemen charged, for the most ...
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Vernon Buyer Produces $5 Mil for New 45k sf Industrial Facility 7/31/03 Let's turn our attention to some recent industrial activity from LA's Mid-Cities region, which, for the purpose of this report, covers such busy cities as Commerce, Vernon, Santa Fe Springs and Pico Rivera. To begin, we'll me...
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Newport Federal Grabs another $37 Mil of OC Office Properties 7/30/03 Here's a large Orange County office sale that just came down the pipeline, as Newport Federal has closed another significant acquisition, after paying $37.5 mil for Commerce Plaza, an 18-building, 269.2k sf ($139/sf) office p...
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Intel has Amgen Inside 7/30/03 In what is reportedly Ventura County's largest office transaction in years, Amgen, one of the world's leading biotechnology companies, has signed an 8-1/2-year lease for 200k sf at the Conejo Spectrum in Thousand Oaks, in an ...
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No Replicants at this Historic Property --Downtown Properties Buys Bradbury Building 7/30/03 The Bradbury Building, a historic office property in the heart of Los Angeles, has been sold by Bradbury Associates to Downtown Properties Holdings. Bradbury Associates' general partner was the late Ira Yellin, with Shamrock ...
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July 29, 2003 - RREEFer Madness 7/29/03 RREEFF, the massive real estate investment manager, which is a division of DB Real Estate, part of Deutsche Bank, with $17.2 bil in pension fund real estate investments, is always buying and selling real estate, with much of ...
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Surfwear Company Rides Investment Wave into 5-Acre San Clemente Site 7/28/03 There's been some industrial activity in Orange County to get caught up on, and in this report we'll review a number of recent sales, along with an interesting lease from the County. We'll begin with a sizable sale in La Palm...
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Newhall Lands New Owners 7/25/03 Newhall Land & Farming Company, the 120-year-old landowner responsible for master-planning the community of Valencia, is about to be acquired by a Florida-based partnership that includes Lennar Corp, the nation's third larges...
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New Management Takes Over at Upscale Del Mar Retail Center 7/24/03 DRA Advisors has awarded Burnham Real Estate Services the leasing and management contracts for Del Mar Plaza, an upscale retail and dining center overlooking the Pacific Ocean in Del Mar. The center is one of the most popula...
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Carlsbad Business Park Fetches $28 Mil 7/24/03 The Carlsbad Gateway Center, a nine-building, 233.8k sf business park just north of McClellan Palomar Airport in Carlsbad, traded hands for $28 mil, or about $120/sf. Consisting of one Class “A” office building, five incubato...
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BOMA Proves You Can't Fight City Hall 7/23/03 Finally, some good news has come out of LA's City Hall, as the city's classy government building was awarded the 2003 Office Building of the Year in the Historical Category by the International Building Owners and Managers As...
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Westside Lease Closings 7/23/03 It's so much fun to report about big lease signings and big tenants in the market, especially on LA's Westside, which is our home turf and the area of SoCal most battered by the dot com and advertising flame-outs of the past ...
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