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July 25, 2024
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SOUTHERN CALIFORNIA NEWS
Archive
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• An Airline Deal for Howard Hughes
4/19/02
Qantas Airways, the world's second oldest airline, relocated their Americas/Pacific headquarters office after signing a seven-year, $3 mil lease for 12k sf ($2.98/sf/mo) at 6080 Center Drive in Westchester. The 12-story, 287k...
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• Businesses Love those Carlsbad Office Buildings
4/18/02
We'll start off our latest San Diego lease review in Carlsbad, where D.R. Horton San Diego Holding Company inked a five-year, $2.15 mil deal for 20k sf ($1.79/sf/mo) of office space at Crivello Commerce Center. The building i...
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• US Airways Takes Off from Scripps Ranch
4/17/02
It's time to update you on a number of recent San Diego County sales, starting in Scripps Ranch, where The Shidler Group, in partnership with Angelo, Gordon & Company, paid $7.9 mil for a 78.3k sf ($101/sf) two-building compl...
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• Windsor Door Slams Shut Lease for 25k sf Ontario Building
4/16/02
We haven't visited the Inland Empire in a little while, and there's been some interesting activity going on in the region. We've got a couple of leases and a pair of sales to review. Let's first head out to Fontana, which is ...
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• Triple Net Pays $23.6 Mil for Pacific Corporate Park in Lake Forest
4/15/02
Pacific Corporate Park, a 167.6k sf suburban office park in southern Orange County was just bought by Triple Net Properties LLC for $23.6 mil ($141/sf). Located at 25341-25391 Commercentre Dr, within the 286-acre master-plann...
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• A Towering Transaction in Burbank
4/12/02
Rentv's man on the street has heard that a major Tri-Cities office sale is about to close in the next week or so, with Beacon Capital Partners, the East Coast-based real estate investment company, as the buyer. The building i...
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• Church Finds their Way to Vacant Building in Downtown LA
4/11/02
Downtown L.A. is one of the hotter sub-markets in the Southland, and we've got a trio of recent deals from the city's central core to tell you about. We'll start with a couple of leases and wrap up with a smaller acquisition ...
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• Office Property Investor Wings It in Lakewood
4/10/02
Investors continue to display newfound interest in office properties throughout the Southland, and in the most recent example, Santa Barbara based-Pacifica Real Estate Group, acting as agent for a limited partnership, just pu...
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• RENTV Man About Town Hits Some Open Houses
4/09/02
We'll start this column in Beverly Hills, at Wilshire Blvd and La Cienega, where a couple of weeks ago a few dozen brokers gathered at the top floor publishing love palace of Larry Flynt to check out the man, and the building...
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• Investors Grab San Fernando Industrial Property in Hopes of Owning Piece of Camelot
4/08/02
Here's the scoop on a couple of recent deals in the San Fernando Valley, or is it still to early to call it Camelot? In the first transaction, Union Bank of California inked a 5k sf office lease in Northridge, after signing a...
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• Irwindale Landlord Sees Red after Engineering Firm Lease
4/05/02
In West Covina, a private investor paid $4.3 mil for Cameron Office Park, a 44.9k sf ($96/sf) office complex at 1700-1760 West Cameron Ave, south of the I-10 and west of Sunset Ave in West Covina. The seven-building property ...
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• Developer Plants a Daisy at Tejon Industrial Complex
4/05/02
Daisytek International, a $1.2 bil distributor of computer and office supplies, has signed a $15 mil, 15-year lease for 326k sf ($0.255/sf/mo), roughly half of a 651k sf industrial facility, in the Tejon Industrial Complex. S...
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• Glenborough Grabs Encino Office Property; Douglas Emmett Closer to Warner Center Buy
4/04/02
Glenborough Realty Trust, the NYSE-traded national office and industrial REIT, has purchased First Financial Plaza, a classy six-story, 223k sf office building at 16830 Ventura Blvd, by Balboa Blvd in the upscale San Fernando...
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• Stanley Black Becomes a Trojan Man
4/03/02
In Santa Fe Springs, Black Equities paid $7.4 mil for a 160.4k sf ($46/sf) manufacturing building located at 12380 Clark Street, between Norwalk Blvd and Bloomfield Ave, a couple of blocks south of Telegraph Road. The single-...
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• Library Return was Overdue
4/03/02
In what may represent a change in tactic for Robert Maguire, his firm, MaguirePartners, has announced that they've bought out their partner for the remaining 75% interest in Library Tower, the 73-story landmark skyscraper in ...
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• Law Firm Inks $25 Mil Renewal/Expansion in Downtown LA
4/02/02
In downtown Los Angeles, the law firm of Lewis, D'Amato, Brisbois & Bisgaard LLP signed a six-year, $25 mil ($2.97/sf/mo) renewal/expansion lease at 221 North Figueroa St, bringing their total space at the 10-year-old high-ri...
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• BentleyForbes Spreads the Cash Around on Fertilizer Facility
4/02/02
In a major Temecula transaction, BentleyForbes has purchased a 412.6k sf industrial facility, built and occupied as the manufacturing and distribution headquarters for The Scotts Company, a producer of seed and fertilizer spr...
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• The RENTV Real Estate Man about Town
4/01/02
We'll end the month of April with a review of some of the events you may have seen us at over the past month, around SoCal. We'll start close to home, in El Segundo, about a month ago, when about 60 top brokers from around th...
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• No April Fool's, Green Office Building at Santa Monica/405 Leased & Sold
4/01/02
We thought hell must have frozen over when we heard it was happening, and you know what, we still didn't believe it until we saw the news item in the LABJ this weekend. And what rocked our world was the fact that the 78k sf o...
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• Red Sea Parts With Over $40 Million for Hawthorne Facility
3/30/02
Red Sea Group, an Israeli real estate firm (no relation to Blue Man Group) with a U.S. office in Dallas, picked up the former Northrop Grumman Corporation building in Hawthorne currently leased to AT&T Corporation. The 288k s...
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