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December 5, 2024
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SOUTHERN CALIFORNIA NEWS
Archive
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• Shoppers not Allowed at Kohl's New 652k sf Fontana Building
3/22/02
Continued strong demand for distribution parks in the Inland Empire has prompted Newport Beach-based Western Realco to announce plans for a new 227-acre business park in Redlands, which reportedly will be one of the largest p...
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• Voit Development Breaks Ground on Brea Business Park
3/22/02
Voit Development Company has broken ground on Voit Brea Business Park, a 530k sf spec industrial business park, reported to be the largest project of its kind in Orange County in more than a decade. The project, which sits on...
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• Mid-Valley Deal Duo
3/21/02
We've got a pair of recent leases from the heart of the San Fernando Valley. The first deal is in Reseda, where Dialog Foundation has inked a five-year, $1.7 mil lease for a 27k sf ($1.05/sf/mo) building at 18238 Sherman Way,...
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• Milgard Windows Finds the Perfect Fit With Bugle Boy
3/20/02
Here's an update on a building we've mentioned previously as being available, that being the former Bugle Boy Jeans facility in Simi Valley. The 237k sf building, located at 355 E. Easy St, is no longer available as it was le...
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• MetLife to Test Downtown LA Investment Market
3/20/02
For those of you still undecided about whether the investment market in downtown L.A. has picked up, it looks like there's a major new listing on the block that may provide a better gauge as to the health of the market. Accor...
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• Pharmaceutical Company Has Carlsbad Landlord Feeling Better
3/19/02
We've got a couple of significant deals at Rio San Diego Plaza in Mission Valley to lead off our latest San Diego lease review, starting with Washington Mutual's five-year, $4.8 mil deal for 33k sf ($2.42/sf/mo) of office spa...
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• Newport Beach Investors Storm the Citadel
3/18/02
There's a big sale brewing in the City of Commerce, as Newport Beach-based Craig Realty Group (CRG) is in the process of acquiring the Citadel Factory, at a price reported to be around $50 mil. The property consists of a 147k...
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• Equity Rings up $41 Mil Law Firm Lease at 550 S. Hope
3/16/02
Chalk up another big law firm deal in downtown Los Angeles, as the firm of Howrey Simon Arnold & White signed a 14-year extension on its existing lease, which increases the firm's office space from 63k sf to 100.5k sf. The la...
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• Long Beach Office Towers seem to be a Hot Commodity
3/15/02
Real Estate activity in the South Bay has been showing signs of heating up a bit so far this year. Not only has there been a consistent flow of distribution deals in the Carson/Rancho Dominguez area, but investors seem to be ...
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• Oxnard Landlord Enjoys a Nice Sunwize Deal
3/14/02
It's been a while since we've visited the Conejo Valley, so let's update you on some recent activity in this happening SoCal region. We'll begin in Thousand Oaks, where Sima Management Corporation, a Santa Barbara-based inves...
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• Shidler Collects $13 Mil from Sale of Rio Vista Building
3/13/02
The Shidler Group, the San Diego-based investment and management company, recently sold one of their office properties, that being Rio Vista Plaza, one of two buildings that make up Mission Valley's Rio Vista office complex. ...
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• Voit Duo Brokers $10.5 Mil City of Industry Sale
3/12/02
We've got a big industrial sale to report from the City of Industry, as a private investor paid $10.5 mil for Industry Business Center, a 152.4k sf ($69/sf) multi-tenant business park at 15302-15364 Valley Blvd, between Turnb...
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• Birtcher Reels in 98k Square Footer at the Lake in Mission Viejo
3/12/02
Here's a look at a number of Orange County transactions that have taken place so far in the first quarter of 2002, and it appears that there are some buyers, at least, that are identifying investment opportunities in the curr...
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• More Details on Park Tower Sale in Long Beach
3/10/02
Here's more info on a sale we first reported a couple of weeks ago, that being the purchase of Park Tower, a 117k sf office building in Long Beach. A partnership led by San Diego-based Southwest Value Partners and its partner...
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• More Law Firm Deals in Downtown LA
3/09/02
Let's start our latest coverage on downtown L.A. with a major sales transaction for a piece of one of the newest buildings in the central city, as Hines Interests has sold a substantial interest in Sanwa Bank Plaza, the class...
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• Torrance Industrial Development goes on the Fritz
3/08/02
Three big SoCal developers, The Carson Companies, Watson Land and Investment Development Services, have been busy signing logistics tenants to a few of big industrial developments in the South Bay. Let's start our deal review...
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• Westway Flexes its Development Muscles in West LA
3/08/02
There's been some interesting activity on the Westside since our last report on the area, as we've got a couple of lease renewals and a notable land grab to tell you about. We'll start in Culver City, where Westway Developmen...
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• Big San Diego Sales a Daley Occurrence
3/07/02
This latest San Diego sales review contains a real mix of commercial property deals, we've got a few multi-million dollar sales, along with a couple of transactions well under the million dollar mark. We'll start off with a l...
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• March 7, 2002 - L.A.'s Westside Story May Have A Happy Ending Before Too Long
3/07/02
Although the office market in West Los Angeles went through a tough year in 2001, with the vacancy rate virtually doubling, from 7.5% to 15%, according to year-end numbers from Cushman & Wakefield, all is not the gloom and do...
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• Orange County Sales Trio
3/05/02
Here's an update on a trio of newsworthy deals that we've yet to report on the site. The first deal is in Costa Mesa, where Alpha Systems Lab Inc, a designer and manufacturer of software and cameras that link to computers for...
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