State: California - CA

February 13, 2003 Symantec Corp. has decided to exercise an option to buy its headquarters in Cupertino, Calif., which it occupies under a synthetic lease. The Internet security firm is paying $126.2 million to buy not only its Silicon Valley ...

February 13, 2003 A Southern California-based investment partnership is looking to sell Sierra Center, a neighborhood shopping center in Baldwin Park, Calif., east of Los Angeles.Marcus & Millichap has been retained to market the property with an asking price of ...

February 13, 2003Hager Pacific Properties, based in Encino, Calif., will buy the 435,000-square-foot Heilig-Meyers building in Hesperia, Calif., for around $10 million. The massive, freeway-side complex has been shuttered since October 2000. Hager Pacific anticipates closing escrow on the sale ...

February 12, 2003 Earth Tech, a unit of Bermuda-based Tyco International Ltd., recently signed a 10-year lease to take nearly 100,000 square feet at Arco Center, a 459,637-sf, Class-A office property in downtown Long Beach, Calif. Earth Tech plans to ...

February 12, 2003 The landmark JDS office building in downtown San Diego has traded hands for $20.5 million, or about $110/sf.Ben Tashakorian, of Marcus & Millichap's San Diego office, represented the seller and buyer in the deal, which closed at ...

February 11, 2003 San Jose Business JournalSUNNYVALE, Calif. – NetScreen Technologies Inc., maker of integrated computer network security products, has moved to a new location, consolidating three local offices into one. NetScreen's new headquarters is at 805 11th Ave. and ...

February 11, 2003 Standard & Poor's Ratings Services has downgraded four classes of Morgan Stanley Dean Witter Capital I, 2000-XLF, and removed them from credit watch negative.The ratings stem from the default at the Feb. 1 maturity of the Market ...

February 10, 2003 Westfield America and Forest City Enterprises (NYSE:FCEA) will combine an existing mall with a project under way in San Francisco to develop one of the largest urban retail centers in the country.Westfield owns the nine-floor, 670,000-square-foot San ...

February 10, 2003 Cousins Properties Inc. (NYSE:CUZ) has agreed to terminate a 158,000-square-foot lease that Cable & Wireless Internet Services Inc. had at 55 Second St. in San Francisco.In return for the agreement, Cousins received a termination fee of $20 ...

February 10, 2003 San Francisco Business TimesSAN BERNADINO – Catellus Development Corp. has signed a deal with CB Richard Ellis Strategic Partners to build a 600,000-square-foot industrial property at Kaiser Commerce Center. Catellus will build and sell the site to ...