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• Computer Associates Agrees to a $10 Mil Deal for a Nice Seaview
4/24/03
We'll kick off this San Diego lease review with a Sorrento Mesa deal, that being Computer Associates' $10 mil, 121-month lease for 38.3k sf ($2.16/sf/mo) of office space at Seaview Corporate Center, a four-building, 370k sf c...
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• Parker Hansen Reaches Summit in Valencia
4/23/03
Aliso Viejo-based Parker Hansen has joined forces with Pacific Coast Capital Partners in the purchase of the three-building Valencia Corporate Pointe office project in Valencia Gateway Corridor. The partnership plans to boos...
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• 13-Building PS Business Parks Portfolio Fetches $28 Mil
4/23/03
PS Business Parks has sold a 13-building portfolio, containing a total of 385k sf of space, through nine separate sales with a combined price of $28 mil ($73/sf). Eight of the properties were sold on an individual basis to ow...
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• Colliers Seeley Selected to Market El Toro Marine Station Site
4/22/03
The U.S. General Services Administration (GSA) has selected Colliers Seeley International to provide real estate marketing and disposition services for the planned near-term sale of the former Marine Corps Air Station (MCAS) ...
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• Scanlan Kemper Bard Wraps Up $17 Mil Mission Valley Office Buy
4/21/03
Scanlan Kemper Bard Companies paid $17 mil for a 108.5k sf ($157/sf) office building at 8885 Rio San Diego Dr, one of two buildings that make up the Rio Vista office complex located just west of the 805 Fwy in Mission Valley....
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• Crown Adds to Its Burbank Kingdom
4/18/03
Two major investment transactions that took place in Burbank recently attest to the continued strength of the city's commercial real estate market. Following on the heels of its purchase of the 1.2 msf Burbank Media City Cen...
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• Armstrong Butcher Quenches Office Product Thirst with Another Corona
4/17/03
Armstrong Butcher Properties, developers of Corona Corporate Center, has begun work on the project's second phase, a three-story, 60k sf office building. Located on a 2.9-acre site at 355 E. Rincon St, the new structure is es...
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• Investors Go for San Diego Office Properties with a View
4/16/03
A recently completed 111k sf office building in Kearny Mesa was scooped up by a California investment group, as Manchester Plaza LLC paid $29.2 mil ($263/sf) for Mesa View Plaza. That price is just under the $30 mil listing p...
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• Phoenix Realty to Oversee Genesis Workforce Housing Fund in L.A.
4/15/03
The critical need for moderate-income workforce housing in urban infill areas of Southern California is about to be given some serious attention, with the formation of a Los Angeles office of New York City-based Phoenix Realt...
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• Santa Monica Owner Pulls a $17 Mil Rabbit Out of Its Hat
4/15/03
The warm days of summer are sneaking up on us, now just a couple of months away, which makes cool beachside locations like the westside city of Santa Monica even more attractive to tenants looking for a new home. And it seems...
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• Otay Mesa Landlord Framed in $5 Mil Deal
4/14/03
There has been a fair amount of sales in San Diego County lately, particularly some major office transfers in downtown San Diego that we've covered in recent news on the site. Here are a few more noteworthy transactions that...
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• Downtown LA Banking on Big Financial Institution Leases
4/11/03
Banks are really making some moves in Downtown LA these days. A few weeks ago we reported about B of A's big commitment at 333 S. Hope Street for 163k sf, in a $43 mil deal that not only takes BP out of its lease commitment t...
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• LAX Landlord Inks Ethical Deal at Airport Center
4/10/03
In a Carson industrial deal, UTi worldwide, a global provider of freight forwarding and warehousing services, has found a new home in the Carson Town Center, after signing a seven-year, $3.1 mil lease for 66.8k sf ($0.55/sf/m...
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• Investment Partnership Gets an A for $55 Mil S.D. Office Buy
4/09/03
Some recent activity down in San Diego County is worthy of our attention, especially a major transaction valued at $55 mil that closed escrow last month. We're referring to the acquisition of the 320k sf, 18-story, 110 Plaza...
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• Auto Dealer Heads to Saturn for Site of Future Franchise
4/09/03
A former Saturn dealership site, vacant for about a year, in the city of Chino was purchased by the owner of Diamond Bar Honda. According to The Business Press, Matt Tachdjian paid $2.8 mil for the property, at 14749 Chino Hi...
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• California Custom Fruits Signs Peachy Deal at Irwindale Business Center
4/08/03
Demand for industrial space in the San Gabriel Valley continues to remain solid, and we've got a handful of recent lease comps from the last couple of months to give you a better idea of the type of activity happening in the ...
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• CT Sees Major Opportunity in $57 Mil Oxnard Portfolio Buy
4/07/03
Another large portfolio of Ventura County properties developed by the late Martin “Bud” Smith traded hands, as OC-based CT Realty, in a joint venture with Messenger/Sandpiper Companies, spent $57 mil for 15 properties in the ...
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• Sorrento Mesa Investor Gets Smart after $2 Mil Buy
4/04/03
An Escondido investment firm paid $7.93 mil for Mission View Plaza, a 51.7k sf ($153/sf) building at 3517 Camino Del Rio South, west of the 15 Fwy and adjacent to the south side of the 8 Fwy in Mission Valley. Located on over...
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• FedEx Delivers $3.7 Mil Lease to Irvine Landlord
4/03/03
Over the last couple of weeks we've seen quite a bit of lease activity in Orange County, some of which we'll share with you in this report. In the first deal, auto insurance firm Permanent General Assurance Company inked a fi...
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• Sares-Regis Succumbs to Pier Pressure in $32 Mil Ontario Buy
4/02/03
Sares-Regis Group, the Irvine-based diversified real estate development and management firm, acquired Pier 1 Imports' 747.5k sf distribution center in Ontario, along with some adjacent land, for about $32 mil ($43/sf). Locate...
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