State: California - CA
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 ...
Huge So. Calif. Distribution Center Lease Completes Centrepointe Occupancy
July 24, 2001 Special To Commercial Real Estate DirectTibbett & Britten Group plc, which provides logistics services for consumer products giant Proctor & Gamble, has leased an entire 458,262-square-foot cross-dock distribution building within the Centrepointe-South business park in Chino, Cal. ...
EOP Taps Insignia To Lease former Spieker Portfolio
July 24, 2001Special to Commercial Real Estate DirectIn the wake of Equity Office Properties Trust's (NYSE:EOP) acquisition of Spieker Properties Inc., EOP has engaged Insignia/ESG to manage and lease a large portfolio of Southern California real estate that Spieker had ...
Verizon Selling California HQ Building
July 24, 2001 THOUSAND OAKS, Calif. – Verizon has signed a letter of intent to sell its 426,000-square-foot, three-story office building at One Verizon Way to Baxter Healthcare Corp, for an undisclosed sum.The sale is expected to be complete during ...
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 ...
WP Carey Buys Manufacturing Facilities for $37.7Mln
July 18, 2001 MOORPARK, Calif. – W.P. Carey & Co. LLC (NYSE:WPC) has purchased two manufacturing facilities from Special Devices Inc. for roughly $37.7 million on behalf of Corporate Property Associates 12 Inc. Under the terms of the sale-leaseback transaction, ...
Energy Risks Stifle Investment Sales in Northern Calif.
Uncertainty surrounding energy costs in California have resulted in a dramatic slowdown in property sales, especially in the state's northern sections. But the Los Angeles area, which is served by a municipal utility, has been relatively untouched.
Glendale, Calif., Apartment Complex Trades Hands for $27Mln
Archstone Communities has purchased the Glenfield Apartments, a 264-unit complex just north of the city's financial district. The deal, brokered by Secured Capital, marks the second sale in as many years for the upscale property.
Insignia Opens Orange County, Calif., Office
July 16, 2001 Special to Commercial Real Estate DirectBrokerage services company Insignia/ESG has opened an Orange County, Calif., office initially staffed with eight professionals.The team reporting to Los Angeles-based executive vice president Robert Shibuya includes tenant representation and agency leasing ...
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 ...
About
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.
