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• Westside Office Landlord Enjoys Sizable Advance from $20 Mil Deal
12/23/02
Advance Publications, the parent company of Conde Nast Publications, inked a sizable renewal/expansion lease in West LA, after signing a 10-year, $20 mil deal for 71.2k sf ($2.34/sf/mo) of space at 6300 Wilshire Blvd. The 30-...
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• Opus Development Likes Its Projects on Rye
12/19/02
Opus West Corp, the Western U.S. arm of Minnesota-based Opus Corp, has acquired two parcels of land totaling 12 acres in the Rye Canyon area of Santa Clarita for development of a new industrial complex, called Opus Rye Canyon...
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• Carson Logistics Lease Based on a Master-Plan
12/18/02
Watson Land Company has signed another sizable deal at their master-planned Watson Industrial Center South complex in the city of Carson. The new $4 mil, seven-year deal, estimated to bring an additional 200 jobs to the city,...
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• Tennis Materials Firm Aces Five-Year Lease in Chino
12/17/02
Here's an update on a pair of recent leases from the Inland Empire, one of which is a medical office transaction while the other is an industrial deal. We'll start with the medical lease, as the County of Riverside, looking ...
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• Quinn Emanuel Expands to 120k sf in Downtown LA
12/17/02
Chalk up another big law firm lease for downtown Los Angeles, as the law offices of Quinn Emanuel Urquhart Oliver & Hedges LLP has signed a 121k sf lease that increases the firm's office space by about 40k sf, from 80k, to oc...
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• Kearny Renews County in $10.5 Mil Santa Fe Springs Deal
12/16/02
The County of Los Angeles renewed its lease for an entire 65.6k sf Santa Fe Springs office building, occupied by the County's Department of Children's Services agency, after agreeing to a new 10-year, $10.5 mil ($1.33/sf/mo) ...
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• Advanced Tissue Sciences Cleans Up with 10-Year Lease Renegotiation in La Jolla
12/13/02
Here's some holiday reading material for those real estate mavens who follow the San Diego County commercial real estate market, as we reveal the details of some recent leases within that southern California bailiwick. There...
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• LA Businessman under Contract for Global Crossing Campus in Beverly Hills
12/12/02
We'll open this West Los Angeles activity update with news of a deal that currently is still in the works, but has to do with a very notable property, which we included in the “Properties on the Market” section in our recent ...
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• RREEF Strengthens Orange County Portfolio with Iron Grip
12/11/02
Take a break from the frenzied shopping and partying taking place during this season to peruse a few leasing deals that have recently transpired in Orange County. We'll keep it short, not to impose on your busy holiday sched...
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• Proficiency Plans to Develop Santa Fe Springs' Heritage
12/11/02
The Mid-Cities region had a couple of recent sales that bode well for the industrial marketplace. The first took place in Santa Fe Springs, where Proficiency Capital acquired a 22-acre parcel for an undisclosed purchase pric...
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• Shimuzu Doesn't Keep Its Helmut Jahn
12/10/02
We can now report closure on a big, big San Diego office sale that we first mentioned was in the works about two months ago. We're referring to GE Pension Trust's acquisition of One America Plaza, the landmark 34-story, 570k ...
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• Cornerstone Grabs a Corner of Newport Beach Office Market
12/09/02
Orange County has seen its second major office sale in the last two months, as Cornerstone Real Estate Advisors, on behalf of an unnamed client, has acquired a pair of trophy office properties in Newport Beach, containing rou...
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• Investors Acquire Foremost Center in North Palm Springs
12/08/02
It's been a while since we last visited the Inland Empire, so we'll take this opportunity to review three sales in the region from the last month. For those readers who are very statistically minded, the three deals have a to...
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• Colton Properties Spends $12 Mil at the Marketplace in Long Beach
12/06/02
Another Long Beach office property has traded hands, as Colton Properties paid $12 mil for The Marketplace Office Park, a 99k sf ($121/sf) suburban office park at 6615, 6621 and 6695 Pacific Coast Highway, near the Long Beach...
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• Casden Forecast Predicts Turnaround in LA Area by 2004
12/05/02
This morning the USC Lusk Center for Real Estate held their first ever presentation of the Casden Real Estate Economics Forecast, an event sponsored, of course, by the USC Lusk Center, as well as Grubb & Ellis, who worked ver...
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• Kilroy and Turner Lead Latest Orange County Sales Review
12/05/02
There has been some notable sales activity in Orange County in the last few weeks, including a couple of deals involving a few of SoCal's bigger players. Kilroy Realty, the big West LA-based REIT that is an active owner/devel...
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• Arden Gets Justice
12/05/02
Here's an update on another bread-and-butter lease for SoCal's biggest office landlord, Arden Realty, as the State of California's Department of Justice has signed an 8-year, $2.2 mil lease for 10.5k sf ($2.18/sf/mo) of offic...
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• Get the Skinny on Some Fat Tenants in the Market
12/04/02
Sure activity is down and vacancy rates are up, but that doesn't mean there aren't any big deals floating around out there, and many brokers have told us recently that activity is picking up somewhat. So let's bounce around t...
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• Golf Apparel Manufacturer Tees Up New 200k sf Oceanside Facility
12/04/02
Despite the ongoing economic malaise and two years of market reports from San Diego that have continued to point to increasing vacancy rates and less-than-sparkling leasing activity, here's news of one company looking to begi...
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• Westside Tenants Can Enjoy the View at Water's Edge
12/02/02
After all of the battles, and approvals, and waiting, and financing, and a whole bunch of other things along the way, the first office buildings at Playa Vista have just been completed. Unfortunately, because of the extreme m...
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