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June 22, 2024
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SOUTHERN CALIFORNIA NEWS
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• Hitachi Automotive Parks Themselves at Another South Bay Facility
7/31/01
Summer is here, so let's head into the South Bay to enjoy the comfortable beach climate and to update you on a trio of recent deals in the region. We'll begin in the Harbor Gateway area, south of Gardena and just west of Cars...
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• West Los Angeles Activity for JLL, Arden and CB WESTMAC
7/31/01
In this report, we're going to get you caught up on a few renewals and smaller leases in West LA from the last few weeks. We'll start in Westchester, where Sun Microsystems has renewed their 33k sf space at Howard Hughes Cent...
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• San Diego Buyers Know a Good Sale
7/30/01
It's time again to report on some recent sales in San Diego, of which there have been quite a few. We'll begin with the purchase of an 81.6k sf industrial park at 8515 and 8525 Miralani Dr, north of Miramar Rd in Mira Mesa. T...
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• Suntree Shines on Orange County Property Buy
7/27/01
Here is a trio of recent deals in Orange County that we thought you might want to know about. In the first transaction, Suntree Garden LLC, a NoCal-based private investor, acquired the 49k sf Sand Canyon Medical Building, at ...
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• Is That a Bugle Boy You're Leasing?
7/27/01
Although the economy's been slowing down a bit, demand for industrial space is still solid, as evidenced by the fact that we keep getting info about new projects underway, especially in LA's northern and western areas. For ex...
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• Windy City Law Firm Blows into Downtown LA
7/26/01
In a big story that's been in the news quite a bit in Los Angeles, the LA Unified School District (LAUSD) has tentatively agreed to purchase the Harbor Building, a 29-story, 928k sf office building at 333 S. Beaudry, on the w...
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• Mid-Cities Activity Review
7/25/01
Here's a chance to catch up on a few recent news pieces from LA's Mid-Cities area. We'll start off with word of a big property on the block, as AEW Capital Management is said to be shopping NewCrow IX, an 847k sf industrial/f...
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• Insignia Wins Big Management Contract
7/24/01
Insignia/ESG has been awarded the management and leasing assignment for a 1.4 msf portfolio of industrial, R&D, and office properties in Southern California acquired by Equity Office Properties as part of their recent merger ...
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• Miller Brothers Buy the Homestore of Their Dreams
7/23/01
There was a big sale in the Conejo Valley, as locally based Miller Brothers Investments has acquired a two-story, 137.8k sf office building in the Westlake North Business Park, at 30700 Russell Ranch Rd. The Class A building,...
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• Tech & Research Firms Have Crush on Orange County
7/23/01
We'll open up this Orange County leasing report in Irvine, where Balboa Life & Casualty has committed to an 11-1/2-year deal for 109k sf at Park Place Office Campus, at the junction of the 405 Fwy and Jamboree Rd. According t...
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• Proctor & Gamble Subsidiary Inks $19 Mil Lease in Chino
7/21/01
In a recent Inland Empire deal, Tibbett & Britten Group, a logistics provider subsidiary of Proctor & Gamble, has signed a 10-year lease for a 458.3k sf distribution building at Centrepointe South, in Chino. The transaction h...
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• Get Ready for the San Diego Lease Parade
7/20/01
It's time we got you caught up on some recent Low Cal leases, and we've got a major deal to lead off this report. The Art Institute of California has agreed to a 20-year, $44 mil lease for a 75k sf ($2.44/sf/mo) build-to-suit...
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• Colliers Seeley Plots to Move Forward Without Plott
7/19/01
It looks like there's been a change of leadership at Colliers Seeley here in LA, as we've heard from a couple of pros in the know that Cody Plott, CEO and Prez, has resigned. According to our sources, Plott, whose resignation...
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• Private Investor Makes $57 Mil Retail Buy
7/18/01
A family-owned investment group has purchased the 264.5k sf Glendale Fashion Center, located at Glendale Blvd and Wilson Ave in Glendale. The LA Times pegs the sale at $57.2 mil, or $216/sf. The center is fully leased and inc...
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• San Fernando and Conejo Valley Movers & Shakers
7/18/01
Here's sort of a mixed-bag of recent transactions in and around the San Fernando Valley. We'll report them in a geographic order, starting in Pasadena and moving west. Leading off with a big sale, New York-based Lend Lease Re...
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• Industrial Inventory in LA's Mid-Cities Continues to Grow
7/17/01
We haven't reported about LA's Mid-Cities area for two or three weeks, so here's an update on some recent activity in the region. We'll start in Montebello, where IDI has broken ground on a 400k sf, three-building industrial ...
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• Douglas Emmett Set to Make $160 Mil Investment in Century City
7/16/01
Here's a rundown of some recent activity on LA's Westside, however, before updating you on a few completed transactions we'll let you know of a pending deal, expected to be wrapped up anytime now. It looks like DivcoWest Prop...
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• Investment Prospects Look Good in La Jolla
7/13/01
Here's an update on two more significant office sales from San Diego County. In the first deal, a California limited partnership purchased the 47.2k sf Prospect Center, at 1020 Prospect St, north of Fay Ave in La Jolla. The b...
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• Matrix Pays Record Price for Industrial Land in Orange
7/12/01
Here are a few more recent Orange County sales to add to your comp sheets. We'll begin in Fullerton, where Eastern Express paid $3.9 mil for an 80.2k sf ($49/sf) industrial building at 4325 Artesia Ave. The building is locate...
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• Historic San Diego Property to Get $16.7 Mil Facelift
7/11/01
Santa Monica-based Watt Commercial Properties has been given the green light by the San Diego City Council to redevelop the historic 120k sf First National Bank building, located at the northeast corner of Fifth Ave and Broad...
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