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June 15, 2024
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SOUTHERN CALIFORNIA NEWS
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• Non-Profit Moves Up in Valencia
5/21/01
Here's a deal that missed our Santa Clarita update last week, as the North LA County Regional Center, a non-profit service provider for disabled individuals, inked a seven-year, $1.3 mil lease for 10.7k sf ($1.45/sf/mo) in Va...
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• Summit Investment Enjoying Continued Success With South Bay Industrial Projects
5/21/01
We're going to lead off this latest South Bay report near the southeastern corner of Gardena, where Insurance Auto Auctions (IAA), a publicly-traded auto salvage company, has signed a 15-year lease for the Ascot Park complex,...
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• ARA Spends $31.5 Mil on Home Shopping Network
5/19/01
In what is reported to be the largest Inland Empire investment so far this year, American Realty Advisors (ARA) has purchased the Commerce Way Distribution Center, an 817.8k sf distribution building at 13423 Santa Ana Ave, in...
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• PacTen Contends for Valencia Industrial Tenants
5/18/01
PacTen Partners have begun development of Commerce Pointe, a 540k sf technology and industrial park situated within Newhall Land's master-planned Valencia Gateway business park, located at the confluence of the 5 Fwy and Hwy ...
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• Playa Vista Revisited
5/17/01
Since it seems like recent media coverage of commercial development at Playa Vista has been dished out in bits and pieces, we thought it might be useful to put together a quick overview of the current situation. This also giv...
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• Poway Trio of Leases are Worth $21 Mil
5/17/01
We've got a few leases in Poway to tell you about, all of which were handled in part by the brokerage pros at Burnham Real Estate Services. In the first transaction, REMEC Inc has signed a 10-year, $11.2k sf lease for 80.9k s...
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• 550k sf Spec Logistics Complex Under Construction in Mid-Cities
5/16/01
Newport Apparel Company has purchased a 57.7k sf industrial building located at 1215 Walnut St, north of the 91 Fwy between Central and Wilmington Aves. The company paid $3.3 mil ($57/sf) for the property, which they already ...
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• San Diego Sales Review
5/15/01
Here's an update on a Carlsbad building that we mentioned was on the market at the beginning of the year. The property is the 75k sf SBS Technologies Building, at 5791 Van Allen Way, which is made up of HQ/R&D space, includin...
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• Cypress Lands at Conejo Spectrum
5/14/01
Developers in the Conejo Valley seem to be quite upbeat about the region's prospects in the near future, as Cypress Land Company has acquired an 18.7-acre parcel within the 100-acre Conejo Spectrum, with plans to build an add...
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• Deal Bounty From Orange County
5/11/01
There was a sizable sale in Irvine recently as the Irvine Company bought Palm Court, a complex that contains two four-story office buildings and a one-story retail structure, which is located at 15615 – 15635 Alto Pkwy in the...
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• Old Town to Get New Development
5/11/01
A joint venture between LA-based Hanover Financial Company and JSM Construction Company, out of Santa Monica, has acquired two adjacent parcels in Pasadena's “Old Town” area for the purpose of developing a mixed-use project t...
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• $43.3 Mil of San Diego Property Sales
5/10/01
Front Street Plaza, the four-story, 155.3k sf office building at 777 Front St, which was born as a retail center, was recently purchased by a California partnership for $30.5 mil ($196.40/sf). The buyer was Palbrad LP, with T...
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• San Fernando Valley Activity Report
5/09/01
Before we review a few recent transactions in the San Fernando Valley, we'll give you an update on a sizable deal a little further to the west, in Westlake Village, where Sagamore Realty Group has sold the Westlake Plaza Cent...
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• Fontana Getting Its Share of Distribution Deals
5/09/01
We've got a couple of leases to report from Fontana, a city in San Bernardino County that covers about 56 square miles and is home to approximately 107,000 residents and a whole lot of distribution buildings. In the first tra...
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• Investors Still See Opportunities in West LA
5/08/01
Here's an update on three recent deals in West LA, two of which were in the Palm tree and movie star-lined streets of Beverly Hills. In the first deal, JB Oxford & Company, an investment brokerage firm, inked a 10-year, $11.5...
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• Kilroy is Here to Stay
5/08/01
El Segundo-based Kilroy Realty Corporation celebrated a significant milestone recently, as they've now completed construction of over 1 msf of office space in San Diego just since 1999. The company reports that 99% of that de...
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• Down and Dirty with Hard-Core Industrial in Orange County
5/07/01
We've got half a dozen recent deals in Orange County to review, starting with the sale of an 80k sf build-to-suit structure at 4040 Carriage Dr, west of Harbor Blvd and south of Segerstrom Ave in Santa Ana. The buyer was I.C....
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• Law Firm Banks on Wells Fargo Center
5/07/01
In this report, we'll give you an update on two big Downtown LA office buildings. In the first, the law firm of McCutchen, Doyle, Brown & Enersen has signed a $25 mil, 10-year expansion and renewal lease for 76.5k sf at KPMG ...
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• San Gabriel Valley Deal Hat Trick
5/04/01
We've got a trio of recent transactions from the San Gabriel Valley to review. We'll start in Irwindale, where Canadian-based Roma Moulding has leased a 57.9k sf industrial building at 6230 N. Irwindale Ave, by Adelante Stree...
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• Watson Legacy Continues to Build in the South Bay
5/03/01
Watson Land Company has just broken ground on another 425k sf worth of new buildings in the South Bay, as they've begun construction on a 247k sf structure at the Dominguez Technology Center and on a 177k sf building in the W...
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