City: Los Angeles
Guthrie Buys Calif. Industrial Complex for $10.1Mln
July 25, 2001 TUSTIN, Calif. – Guthrie Development Co. purchased the Tustin Freeway Commerce Center for $10.1 million.The 184,032-square-foot industrial complex, at 320-694 B St. and 320-437 6th St., is about 95 percent leased to tenants such as Foster Printing ...
CB Richard Ellis Completes $800Mln Privatization
July 23, 2001 LOS ANGELES – CB Richard Ellis Services Inc. (NYSE:CBG) has closed on its $800 million deal to go private by merging with Blum CB Corp., which is controlled by Blum Capital Partners.Under the terms of the merger ...
West Coast Firm Pays $16.8Mln for Denver Office Building
July 23, 2001 DENVER – Robertson Properties Group has acquired Crescent V, a class-A office building in Denver, from TCD North Inc., the development subsidiary of The Denver Technological Center. The Los Angeles-based firm paid $16.8 million, or nearly $187/sf, ...
Investor Buys Calif. Apartment Community for $30Mln-plus
July 16, 2001 Special To Commercial Real Estate DirectA pension fund client of Dallas-based Invesco Realty Advisors has acquired the 280-unit garden-style Village Oaks Apartments in suburban Chino Hills, Calif., for $30.35 million, or about $108,400/unit.The seller is Newport Beach-based ...
Mack-Cali JV Sells Calif. Office Complex for $67.2Mln
July 10, 2001 EL SEGUNDO, Calif. – A joint venture between Mack-Cali Realty Corp. (NYSE:CLI) and Highridge Partners has sold the Continental Grand Plaza II to MetLife for $67.2 million.The 239,086-square-foot office property, which was developed by the venture in ...
Cindi Langendoen Moves to Cushman & Wakefield
July 10, 2001 Special to Commercial Real Estate DirectVeteran southern California property manager Cindi Langendoen has jumped from long-time employer CB Richard Ellis to rival Cushman & Wakefield. She will report to managing director Mary Marx.As senior portfolio manager at ...
GMAC Provides $16Mln Loan for California Medical Center
July 5, 2001 GMAC Commercial Mortgage Corp. has provided $16 million in permanent fixed rate financing for a medical office building in the Brentwood area of Los Angeles.The 11-story building, which contains 75,000 square feet of space, is on an ...
Rob Maguire Said to Be Near Deal With Equity Office
July 2, 2001Maguire Partners is in talks to sell a majority stake in its portfolio to Equity Office Properties, according to a report in the Los Angeles Business Journal.The newspaper said the giant REIT would pay slightly more than $1.6 ...
Equity Office Buys 87.5 Percent Interest in L.A. Office Complex for $74.3Mln
June 28, 2001 LOS ANGELES – Equity Office Properties Trust (NYSE:EOP) has purchased a 87.5 percent equity interest in a joint venture with Maguire Partners to develop a 450,000-square-foot office complex.The total cost for the purchase of the 6.5-acre tract ...
Crown Realty Buys Property, Leases Big Chunk
June 22, 2001 Special to Commercial Real Estate DirectCrown Realty & Development has purchased a 258,000-square-foot office/industrial property in El Monte, Calif., and quickly found a tenant for two-thirds of the property. Crown, an active commercial property developer/investor that is ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
