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• Dan Donahue Passes Away
1/03/03
Daniel W. Donahue, Chairman of Donahue Schriber and one of the industry's most respected leaders, passed away unexpectedly on December 31, reportedly due to complications from recent heart surgery. He was 60 years old. Donahu...
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• Good Morning Garden Grove!
1/02/03
Morning Shirt Company, an Orange County-based t-shirt manufacturer, acquired a 53.8k sf industrial building at 12300 Monarch, south of Chapman Ave and east of Knott St in Garden Grove. Morning, which plans on expanding and co...
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• CIM Gets Approval for Supermarket-Anchored Project in Downtown L.A.
12/31/02
The drive towards the revitalization of downtown Los Angeles took a major leap forward with the announcement by CIM Group, one of the leading investor/developers of urban infill mixed-use projects, that it received approval f...
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• Glendale Office Tower Sells for $157 Mil
12/30/02
Here's news of a major office sale in the Tri-Cities area to close out the year, as Wells Real Estate Trust paid $157 mil for 800 N. Brand Blvd, a 12-year-old Class A high-rise just off the 134 Fwy, at the northern end of Gle...
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• December 27, 2002 - Financing Notes
12/27/02
Here's a quick review of a few of the more recent commercial financings placed around the Southland:
In Playa Del Rey, the George Smith Partners team of George Smith and Joel Simaie arranged $14.97 mil in financing for five ...
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• Watson Leggs Out another Big Lease in Carson
12/26/02
Watson Land completed another major lease at their Watson Industrial Center South in Carson. In the latest deal, Leggett & Platt, a fortune 500 manufacturing firm, has agreed to a 7.5-year, $8.3 mil lease for 219.1k sf ($0.42...
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• Financial Planner Plans Sharp Deal in Sabre Springs
12/24/02
Here's news of a recent lease in the Sabre Springs area, as the Raymond J. Lucia Companies Inc, a financial planning firm, committed to a seven-year, $2.48 mil lease for 11k sf ($2.68/sf/mo) of office space at Legacy Sabre Sp...
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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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