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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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Update From the San Fernando Valley's Less Traveled Areas 5/03/01 In this report, we'll get you caught up on some recent deals around the edges of the San Fernando Valley, in a few of the less glamorous parts of the LA region. To lead off, Legacy Partners Commercial has inked another deal a...
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Voit Development to Break on Brea 5/01/01 Voit Development Company has announced that they are ready to break ground on what is speculated to be the biggest spec industrial park in Orange County. The development, known as the Voit Brea Business Park, will consist of ...
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Big Players Still Trading San Fernando Valley Buildings 5/01/01 We've got a bit of a scoop on a couple of Valley office properties to let you know about. The first update is about the 60k sf Sanwa Bank Building, at 15165 Ventura Blvd, between Noble Ave and Sepulveda Blvd in Sherman Oaks. ...
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Ontario Soon to Be Home to United States' Biggest Spec Structure 4/30/01 We've got a couple of newsworthy transactions from the Inland Empire to let you know about, courtesy of Grubb & Ellis' Ron Washle. We'll start in San Bernardino, where Santa Ana-based Merritt Investment Company spent $2.65 mi...
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AT&T Dials 611 For Direct Leasing Assistance 4/27/01 The Grubb & Ellis trio of William Atha, T.C. Macker and Joe Faulkner have been appointed as the new leasing team for the 715k sf office tower at 611 W. Sixth St, formerly known as the AT&T Center. The 42-story, 32-year-old hi...
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The Padres May Be Weak But the Market's Still Strong 4/26/01 In La Jolla, the 17-year-old La Jolla Bank Building, located at 888 Prospect St, between Eads Ave and Jenner St, was sold for $21.5 mil, in a deal that worked out to $358/sf. The buyer of the three-story building, which conta...
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Spotlight on North Orange County 4/25/01 We'll start our Orange County sales report in the northern city of Brea, where Bonin Investments has made a $3.1 mil investment in a 42.5k sf ($73/sf) industrial building located at 955 Columbia St, between Puente and Berry S...
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Mid-Year Deals From the Mid-Cities Area 4/25/01 Here is a trio of recent news items from LA's Mid-Cities area, starting in the City of Commerce, where the Cushman & Wakefield trio of David Hess, John McMillan and Bob Griffith has been retained by Pacific Tube Company to ma...
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Industrial Tenants Love Those West Valley Buildings 4/24/01 There were a couple of recent Chatsworth transactions to tell you about, courtesy of Delphi Business Properties' Scott Caswell. In the first deal, speaker manufacturer M&K Sound Corporation heard of a good opportunity in the ...
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Reagan Downsizing in West LA 4/23/01 News of President Reagan's plans to vacate his Fox Plaza penthouse space, at 2121 Avenue of the Stars, sometime before or by the end of the year has been fairly well covered in the LA Times and other local media sources. With...
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