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• Anaheim Developer Reloads Canon
12/12/03
Here's news of an interesting Orange County redevelopment project, as Anaheim-based Red Hill-Pullman LLC recently completed a $4 mil renovation of the former Canon Business Machines campus in Costa Mesa, that transformed the ...
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• Santa Barbara Buyer Pays $8.7 Mil for Kearny Mesa Office Property
12/11/03
Chesapeake Center, a two-story, 58.8k sf office building at 9555 Chesapeake Dr has been sold for $8.72 mil ($148/sf). The buyer was a California partnership made up of two entities, Chesapeake Center LP and Brown Chesapeake L...
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• RENTV Man about Town
12/11/03
With the Thanksgiving shutdown, we weren't able to get to some of the notes we had about some notable November events, which we'll now take care of in this report. We'll start in Westwood where the office space that makes up ...
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• Argus Realty Takes an Interest in Santa Fe Springs' Heritage
12/10/03
Argus Realty Investors has acquired the leasehold interest in Heritage Corporate Center, a 720k sf Santa Fe Springs business park, for $51 mil ($71/sf). The property was sold by a partnership of Kearny Real Estate Company and...
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• Oxnard Sellers Clean Up in Sanitary Sale; Moorpark Buyer is a Scheu-In
12/10/03
Here's a review of a number of recent deals in Ventura County from the last month or so. We'll start with four sales and then go over three leases from the region.
The first transaction was in Oxnard, where Puretec Industria...
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• IndyMac is In D House with Pasadena Corporate Park Buy
12/09/03
In a major Pasadena office sale, IndyMac, the residential banking firm, has purchased Pasadena Corporate Park, a 265k sf low-rise suburban office park, for $58 mil ($219/sf). The seller was a partnership of Kearny Real Estate...
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• Fourth Quarter Inland Empire Sales
12/09/03
As the Inland Empire continues its rapid transformation, property owners and the brokers that service them will keep reaping the rewards. Here are a handful of fourth quarter sales from the region in the $1 - $4 million range...
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• World Trade Center in Long Beach is the New G-Spot
12/09/03
Santa Ana-based Triple Net Properties, acting on behalf of G REIT Inc, just purchased the 570.5k sf One World Trade Center in Long Beach, for $113.6 mil ($199/sf). Triple Net serves as advisor and manager for G REIT, which ha...
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• Koll Collars Spectrum Land for 27-Building Colony
12/08/03
Just before Thanksgiving The Koll Company, led by long-time OC developer Donald Koll, announced that it acquired an 8.9-acre parcel in Irvine Spectrum on which it will develop a $27 mil business park consisting of 27 small ow...
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• Beacon and CarrAmerica Coast into Universal Lease Deal
12/05/03
Coast Business Centers, an executive suite operator, has inked an expansion/renewal lease on the 20th floor of 10 Universal City Plaza, in the southeast San Fernando Valley. The company, which has been at the building since 1...
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• Focus is Driving BentleyForbes Growth Strategy
12/04/03
BentleyForbes, the Los Angeles-based national real estate investment firm, is sharpening its focus on growth by selling smaller, non-core and maturing assets, and expanding its investments in larger, Class A properties. Two r...
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• December 4, 2003 - Clear Skies Ahead for Southern California Office and Industrial Markets
12/04/03
At today's USC Lusk Center Casden Real Estate Economics Forecast, Raphael Bostic, Ph.D., director of the Forecast, summarized the report's findings for an audience of top real estate execs from the region. According to the fo...
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• Voit Putting Up Walls for Easier Entry to Burbank Airport Area
12/03/03
Voit Development Company has raised the concrete walls for the first six of the 16 industrial buildings to be constructed at the Voit Burbank Airport Commerce Center, a $44-mil, 480k sf state-of-the-art industrial park being ...
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• Mid-Size Orange County Building Sales
12/03/03
There's been an absolute flurry of sales transactions in Orange County over the past month, with values between a few mil and $15 mil. Here's a rundown on a number of recent trades.
Starting in the northern throes of OC, in ...
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• New San NoHo Development for the Commons Man is Underway
12/02/03
By Allen Wolfsheimer
RENTV attended yesterday's groundbreaking for J.H. Snyder's NoHo Commons mixed-use development in North Hollywood, an event that many people have been looking forward to for a long time. Company founder ...
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• Watson Land Reports on Leasing in 2003
12/02/03
Watson Land Company, among the largest developers of master planned industrial centers in Los Angeles County, doesn't seem hurt too bad, if at all, by the reported economic slowdown. So far this year, the firm that got its la...
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• New Tenants Park It at Segerstrom's Park Tower
12/02/03
C.J. Segerstrom & Sons, the owners of The Offices of South Coast Plaza, in November announced that they signed 35k sf of new leases at their Park Tower property, a 17-story 362k sf building, at 695 Town Center Dr, which they ...
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• Arden Realty Operating with Lindows $1.6 in Del Mar
12/01/03
It's time to rundown some lease comps from San Diego, where there's always interesting new activity to report. We'll begin with the biggest deal in this latest collection, as TEC Worldwide Inc signed a 10-year, $11 mil lease ...
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• Equity Exits Carlsbad
12/01/03
Equity Office Properties, the nation's largest publicly held office building owner, continues to divest certain properties that no longer fit into the firm's current strategic plans or to meet other special needs that come up...
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• Katell Lands a Lease for Over Half of Agoura Hills Centre
11/28/03
There's been activity out in the Conejo Valley, but until very recently, it wasn't the right activity for developer Jerry Katell, since the tenants kept passing up his new Agoura Hills Centre building for other vacancies in t...
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