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• Dr. Lee Expands His Real Estate Practice
5/29/03
LA-based Jamison Properties, a privately held investment company led by Dr. David Lee, has purchased Royal Beverly Glen Plaza, a 78.5k sf West LA office building at 10390 Santa Monica Blvd, by Beverly Glen Blvd. Jamison paid ...
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• Real Estate Expert Stan Ross Makes $1 Mil Gift to USC's National Minority Program
5/29/03
University of Southern California Lusk Center Chairman Stan Ross and his wife Marilyn have made a $1 mil gift to the school's National Minority Program in Real Estate, to enable the school to offer more programs and expand na...
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• Liberty Bearings Rolls into San Clemente
5/29/03
This report will cover a number of recent leases, mostly industrial, from Orange County. We'll start in Anaheim, where Danros Inc, a wholesale furniture retailer, inked a five-year, $1.6 mil lease for 61.9k sf ($0.43/sf/mo) b...
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• Murphy's Law Says to Sell Otay Mesa Industrial Development
5/28/03
A major San Diego County industrial property has hit the market, as Murphy Development, a local builder in the area, has listed the first, or Central, phase of their Siempre Viva Business Park in Otay Mesa, a short distance n...
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• Draftsmen & Craftsmen
5/27/03
Shea Properties has just completed phase one of their Vantis office project, a $350 mil development planned to contain about 1.5 msf of space in nine buildings. Located on a 40-acre site in Aliso Viejo, off the San Joaquin Hi...
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• Westcore Completes $20 Mil Kearny Mesa Buy
5/27/03
Westcore Industrial Properties and REMEC have completed a sale/leaseback of REMEC's business campus, located in San Diego's Kearny Mesa area, to an affiliate of Westcore, called WS Roscoe LLC. The total purchase price was $20...
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• Planet Mortgage Inks Down-to-Earth Deal in Anaheim
5/23/03
We'll lead off this Orange County lease review with an update on a big deal we first talked about in March, that being Pharmaceutical giant Pfizer's renewal expansion deal at the Irvine Center Towers in Irvine. The drug deale...
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• Downtown LA is Next Version of CIM City
5/23/03
The transformation of downtown Los Angeles into a true live/work environment took a major step forward a week ago, as state and local government officials joined CIM Group on May 15 to mark the start of construction on South ...
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• It's a Goodyear for SoCal Apparel Company
5/21/03
In an Irvine industrial buy, Ray's Apparel paid $8.7 mil for a 135.8k sf ($64/sf) building at 20 Goodyear, west of Bake Pkwy between Toledo Way and Jeronimo Rd. The firm, which is consolidating and expanding from other locati...
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• Inland Empire Industrial Sales Duo
5/21/03
We've got a couple of $2 mil+ industrial sales from the Inland Empire to let you know about, one in Ontario and the other in Corona. In the Ontario deal, C.G.U Capital Group picked up a 41.3k sf building for $2.685 mil ($65/s...
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• Port LA Distribution Center gets New Tenant Cargo
5/20/03
The massive Port of Los Angeles Distribution Center has landed two more tenants, the first tenant signings in a while at the new 1.9 msf complex owned by MetLife affiliate SSR Realty, doing business here as Port L. A. Distrib...
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• Hagar Properties Didn't get a $3.3 Mil Lemon from Toyota of Orange
5/20/03
Here's a review of some recent industrial investment activity from Orange County. We'll start with a Fullerton deal, as Pacific Messenger Service, a private parcel delivery service out of San Diego, purchased a 45k sf wareho...
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• Trident Dental Sharpens Its Investment Teeth on $4.6 Mil Hawthorne Buy
5/19/03
Maybe the leasing activity in the El Segundo and other South Bay markets hasn't been all that hot, but the investment market is still pretty strong, as these recent South Bay sales will attest.
A 48k sf flex office/industri...
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• Satellite Communications Company Makes the Grade in Ventura County Industrial Transac
5/16/03
A two-acre parcel of land fronting Oxnard Blvd in Oxnard's Channel Islands Business Center was purchased for $3.5 mil ($40/sf) by a partnership led by local developer Marvin Teitelbaum. Oxnard Maritime Ltd, the buyer, intends...
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• Metabolife Helps Mira Mesa Owner Make Deal for Speed Circuit
5/16/03
Johnson Matthey Inc, a developer of high-tech medical components, inked a long-term lease in Carmel Mountain Ranch after signing a 10-year, $4.05 mil deal for 35.1k sf ($0.96/sf/mo) of space at 12205 World Trade Dr, south of ...
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• Western States Applies Their Technologies to Carlsbad Industrial Acquisition
5/15/03
LA-based Western States Technologies recently completed a Carlsbad acquisition after paying $3.3 mil for a 32k sf ($103/sf) industrial facility at 2283 Cosmos Ct, west of El Camino Real and south of Palomar Airport Rd. The hi...
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• Maguire Adds $79 Mil Cerritos Office Complex to IPO
5/14/03
Rob Maguire, downtown LA's most prolific office tower developer, is adding a bit of geographic diversity to his holdings prior to his public offering, expected to be made available in the second half of June. Maguire is buyin...
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• Stock Music Firm Spins $2.5 Mil Renewal at Sunset Media Towers
5/14/03
There's been a few interesting transactions from the Miracle Mile and Hollywood sections of the Westside to report, one of which is a rather sizable lease from about two months ago. But we'll begin with a couple of much more ...
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• Watt, AMB and Mar Ventures Move Forward on Carson and Long Beach Projects
5/13/03
As we finish up our next South Bay Hot Transactions report, we're coming across some interesting news items from this diverse region, which stretches from LAX to Long Beach. Certainly Cushman & Wakefield is finding the South ...
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• LA Real Estate Investment Firm Closes Prime $5 Mil Buy in Oxnard
5/13/03
LA-based Pacific Prime Properties wrapped up their third major Ventura County acquisition over the past 10 months, as the company paid approximately $5 mil for a 104k sf ($48/sf) manufacturing/distribution facility in Oxnard....
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