December 11, 2000 Special to Commercial Real Estate DirectKFPLB Michelson Jamboree LLC, which recently purchased the 42-acre Parker Aerospace parcel in Irvine, Calif., is said to be planning to redevelop a big chunk of the property into a carrier hotel.Real ...
December 8, 2000 LOS ANGELES – The owners of the former Ambassador Hotel site in central Los Angeles today filed a reorganization plan to resolve the 10-year legal dispute with the L.A. Unified School District over development of the 23.5-acre ...
One Wilshire, one of the nation's premier telecommunications properties, is about to be sold. The building would be among the first built-out carrier hotels to be sold.
December 8, 2000 SANTA MONICA, Calif. – Maguire Partners will receive more than $9 million in equity financing from Haverford Capital for the 91,000-square-foot spec office building the company is developing. Terms of the deal were not disclosed.Construction of the ...
December 6, 2000 By Brad Berton, Commercial Real Estate Direct Contributing WriterA group of local investors operating as Signal Hill LLC has acquired twin three-story office buildings totaling 108,863 square feet in Signal Hill, Calif., for $9.6 million, or $88/sf.The ...
The California developer paid $293/sf for San Francisco's Adam Grant Building in a deal that was financed by First Union. The lender also provided Ellis Partners with $40.5 million to refinance an Emeryville, Calif., tech center.
December 5, 2000 By Brad Berton, Commercial Real Estate Direct Contributing WriterHigh-tech businesses, and companies that serve them, have altered demand over the last four years for commercial space in southern Orange County, Calif., according to a just-completed survey by ...
December 5, 2000 BOSTON – Charlesbank Capital Partners LLC has formed a joint venture with Divco West Properties to purchase Manhattan Towers, a 310,000-square-foot office complex in Manhattan Beach, Calif.As previously reported, Charlesbank and Divco paid $55 million, or $177/sf. ...
December 5, 2000 By Brad Berton, Commercial Real Estate Direct Contributing WriterSuperior Super Warehouse, a grocery chain, has purchased a 111,600-square-foot retail center in Pomona, Calif., which straddles the Los Angeles/San Bernardino County border.The Lynwood, Calif.-based grocery operator, which has ...
December 4, 2000 VALENCIA, Calif. – The California State Teachers Retirement System and Thomas Properties Group has paid Newhall Land and Farming Co. (NYSE:NHL) $72.3 million, or about $183/sf, for four office buildings totaling 395,000 square feet.The buildings, two of ...
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