Archive for March, 2008
CoStar's People of Note for Friday
Time to update those contact managers with CoStar's People of Note for Friday, March 29, delivering news of recent promotions and new hires at the following companies: Opus South Corp., GE Real Estate, CB Richard Ellis, Marcus & Millichap and Grubb &…
Under Contract (March 16-22)
American Realty Capital II LLC agreed to acquire surplus bank branches nationwide on an exclusive basis from Wachovia Bank. Under the terms of the agreement, American Realty Capital II LLC anticipates it will purchase more than 100 bank branches in 2008…
March 31st, 2008 at 04:00am
Watch List (March 6-22): Justice for the Defrauded?
In this week’s issue: the other shoe falls for Edward H. Okun, as indictments finally come down following the nearly $160 million collapse of 16 qualified tax exchange intermediaries last spring; commercial real estate prices dropped 0.6% in January,…
March 30th, 2008 at 06:00am
Watch List (March 6-22): Justice for the Defrauded?
In this week’s issue: the other shoe falls for Edward H. Okun, as indictments finally come down following the nearly $160 million collapse of 16 qualified tax exchange intermediaries last spring; commercial real estate prices dropped 0.6% in January,…
Facility Closures and Layoffs (March 23-29)
This report is excerpted from Watch List, a weekly column of market conditions, company expansions and contractions and real estate investment opportunities.Employers took 1,672 mass layoff actions in February affecting 177,374 workers. The numbers…
March 30th, 2008 at 04:00am
Under Contract (March 16-22)
American Realty Capital II LLC agreed to acquire surplus bank branches nationwide on an exclusive basis from Wachovia Bank. Under the terms of the agreement, American Realty Capital II LLC anticipates it will purchase more than 100 bank branches in 2008…
Business Expansions, Relocations (March 23-29)
Advocat Inc. agreed to build and lease a new, 119-bed skilled nursing center in Paris, TX, replacing an older facility the company currently leases from Omega Healthcare Investors. The new lease will also be with Omega, which will provide funding and…
Under Contract (March 23-29)
Jackson Square Properties is under contract to acquire a 1,511-unit apartment portfolio from affiliates of Denver-based multifamily REIT Aimco Properties for $128.5 million, or about $85,000 per unit. The only property identified is Foothill Place Apartments…
March 29th, 2008 at 04:00am
Under Contract (March 16-22)
American Realty Capital II LLC agreed to acquire surplus bank branches nationwide on an exclusive basis from Wachovia Bank. Under the terms of the agreement, American Realty Capital II LLC anticipates it will purchase more than 100 bank branches in 2008…
CoStar's Retail News Roundup: Mar. 23 to 29, 2008
This week in the Retail Roundup, CoStar reports on expansions or new concepts Go Green Station, GameStop, Cato, Ross, Guess?, Barnes & Noble, New York & Company, Shoe Carnival, Cinemark, David Yurman, Carat, Costco, and Wal-Mart; new retail developments…
CoStar's Daily Deals of Note for Thursday
MINNEAPOLISCapella Education To Occupy 400,000 SF at Landmark Towerby Christopher CovingtonASB Capital Management will rename the 225 S. Sixth St. Tower in Minneapolis, MN, to Capella Tower. Capella Education Co., parent company of the online…
March 28th, 2008 at 04:00am
Watch List (March 6-22): Justice for the Defrauded?
In this week’s issue: the other shoe falls for Edward H. Okun, as indictments finally come down following the nearly $160 million collapse of 16 qualified tax exchange intermediaries last spring; commercial real estate prices dropped 0.6% in January,…
Business Expansion, Relocations (March 16-22)
BAE Systems Inc. is expanding its York County, PA, manufacturing facility, creating at least 624 new high-paying jobs within three years. The $40 million project will also retain more than 1,600 existing positions. BAE Systems, one of the largest employers…
March 27th, 2008 at 06:00am
Business Expansion, Relocations (March 16-22)
BAE Systems Inc. is expanding its York County, PA, manufacturing facility, creating at least 624 new high-paying jobs within three years. The $40 million project will also retain more than 1,600 existing positions. BAE Systems, one of the largest employers…
Watch List (March 6-22): Justice for the Defrauded?
In this week’s issue: the other shoe falls for Edward H. Okun, as indictments finally come down following the nearly $160 million collapse of 16 qualified tax exchange intermediaries last spring; commercial real estate prices dropped 0.6% in January,…
Facility Closures and Layoffs (March 23-29)
This report is excerpted from Watch List, a weekly column of market conditions, company expansions and contractions and real estate investment opportunities.Employers took 1,672 mass layoff actions in February affecting 177,374 workers. The numbers…
March 27th, 2008 at 04:00am
CoStar's Retail News Roundup: Mar. 23 to 29, 2008
This week in the Retail Roundup, CoStar reports on expansions or new concepts Go Green Station, GameStop, Cato, Ross, Guess?, Barnes & Noble, New York & Company, Shoe Carnival, Cinemark, David Yurman, Carat, Costco, and Wal-Mart; new retail developments…
Merix Building in San Jose Sells for $2M
Reggie Lee of KML Fremont Investors LLC sold the flex facility at 340 Turtle Creek Court in San Jose, CA, to private investor James Gudenau for $2 million, or nearly $150 per square foot.Built in 1983, the 13,566-square-foot building sits on a little…
March 26th, 2008 at 04:00am
Promethues Buys North Park Apts. for $47M
Prometheus Real Estate Group purchased North Park Apartments at 111 N Rengstorff Ave. in Mountain View, CA, for $47 million, or $250,000 per unit. The seller was Lyon Property Management Cos.Built in 1962, the 188-unit apartment complex totals 132…
Solar Company Moving HQ to Edenvale Tech Park
Solar energy company Stion leased 64,435 square feet in the Edenvale Technology Park, where it will house its corporate headquarters and initial production capabilities.The lease represents the third solar manufacturer to move to the Edenvale industrial…
Business Expansion, Relocations (March 16-22)
BAE Systems Inc. is expanding its York County, PA, manufacturing facility, creating at least 624 new high-paying jobs within three years. The $40 million project will also retain more than 1,600 existing positions. BAE Systems, one of the largest employers…
March 25th, 2008 at 04:00am
Promethues Buys North Park Apts. for $47M
Prometheus Real Estate Group purchased North Park Apartments at 111 N Rengstorff Ave. in Mountain View, CA, for $47 million, or $250,000 per unit. The seller was Lyon Property Management Cos.Built in 1962, the 188-unit apartment complex totals 132…
CoStar's People of Note for Friday
Time to update those contact managers with CoStar's People of Note for Friday, March 21, delivering news of recent promotions and new hires at the following companies: Studley, Equity One Inc., Jones Lang LaSalle and Billingsley Co.LOS ANGELESStudley…
Legacy Partners Buys East Hamilton Towers for $126M
Legacy Partners has purchased the East Hamilton Towers office complex at 900 and 910 E. Hamilton Ave. in Campbell, CA, for $126 million, or $360 per square foot. The seller was the State Teachers' Retirement System of Ohio.Built in 1989, the Class…
March 24th, 2008 at 04:00am
Under Contract (March 16-22)
American Realty Capital II LLC agreed to acquire surplus bank branches nationwide on an exclusive basis from Wachovia Bank. Under the terms of the agreement, American Realty Capital II LLC anticipates it will purchase more than 100 bank branches in 2008…
March 23rd, 2008 at 06:00am
Watch List (March 6-22): Justice for the Defrauded?
In this week’s issue: the other shoe falls for Edward H. Okun, as indictments finally come down following the nearly $160 million collapse of 16 qualified tax exchange intermediaries last spring; commercial real estate prices dropped 0.6% in January,…
Merix Building in San Jose Sells for $2M
Reggie Lee of KML Fremont Investors LLC sold the flex facility at 340 Turtle Creek Court in San Jose, CA, to private investor James Gudenau for $2 million, or nearly $150 per square foot.Built in 1983, the 13,566-square-foot building sits on a little…
March 23rd, 2008 at 04:00am
Under Contract (March 16-22)
American Realty Capital II LLC agreed to acquire surplus bank branches nationwide on an exclusive basis from Wachovia Bank. Under the terms of the agreement, American Realty Capital II LLC anticipates it will purchase more than 100 bank branches in 2008…
Business Expansion, Relocations (March 16-22)
BAE Systems Inc. is expanding its York County, PA, manufacturing facility, creating at least 624 new high-paying jobs within three years. The $40 million project will also retain more than 1,600 existing positions. BAE Systems, one of the largest employers…
Promethues Buys North Park Apts. for $47M
Prometheus Real Estate Group purchased North Park Apartments at 111 N Rengstorff Ave. in Mountain View, CA, for $47 million, or $250,000 per unit. The seller was Lyon Property Management Cos.Built in 1962, the 188-unit apartment complex totals 132…
March 22nd, 2008 at 04:00am
Watch List (March 6-22): Justice for the Defrauded?
In this week’s issue: the other shoe falls for Edward H. Okun, as indictments finally come down following the nearly $160 million collapse of 16 qualified tax exchange intermediaries last spring; commercial real estate prices dropped 0.6% in January,…
CoStar's Daily Deals of Note for Thursday
PHILADELPHIANew Skyscraper Proposed Near Comcast Centerby Andrew BurrWalnut Street Capital has proposed a 63-story office tower in downtown Philadelphia that would be one of the 10 tallest buildings in the world, according to phillyskyline.com…
Business Expansion, Relocations (March 16-22)
BAE Systems Inc. is expanding its York County, PA, manufacturing facility, creating at least 624 new high-paying jobs within three years. The $40 million project will also retain more than 1,600 existing positions. BAE Systems, one of the largest employers…
March 21st, 2008 at 04:00am
2619 CARNEGIE LN, REDONDO BEACH, CA 90278 - 3 beds 2 1/2 baths ? sq ft - $3,600
6010 PACIFIC COAST HWY #9, REDONDO BEACH, CA - 2 beds 2 1/2 baths 1,380 sq ft - $700,000
March 20th, 2008 at 07:00pm
3818 NEWTON ST, TORRANCE, CA 90505 - 3 beds 2 baths ? sq ft - $1,149,000
4821 WHITE CT, TORRANCE, CA 90503 - 4 beds 3 baths ? sq ft - $929,000
22922 NADINE # B, TORRANCE, CA 90505 - 2 beds 1 1/2 baths ? sq ft - $450,000
March 20th, 2008 at 05:00pm
MANHATTAN BEACH, MANHATTAN BEACH, CA 90266 - 5 beds 4 baths ? sq ft - $1,900,000
March 20th, 2008 at 03:00pm
956 EUCALYPTUS DR, EL SEGUNDO, CA 90245 - ? sq ft - $1,230,000
March 20th, 2008 at 02:00pm
Solar Company Moving HQ to Edenvale Tech Park
Solar energy company Stion leased 64,435 square feet in the Edenvale Technology Park, where it will house its corporate headquarters and initial production capabilities.The lease represents the third solar manufacturer to move to the Edenvale industrial…
Promethues Buys North Park Apts. for $47M
Prometheus Real Estate Group purchased North Park Apartments at 111 N Rengstorff Ave. in Mountain View, CA, for $47 million, or $250,000 per unit. The seller was Lyon Property Management Cos.Built in 1962, the 188-unit apartment complex totals 132…
March 20th, 2008 at 06:00am
CoStar's Daily Deals of Note for Thursday
PHILADELPHIANew Skyscraper Proposed Near Comcast Centerby Andrew BurrWalnut Street Capital has proposed a 63-story office tower in downtown Philadelphia that would be one of the 10 tallest buildings in the world, according to phillyskyline.com…
Merix Building in San Jose Sells for $2M
Reggie Lee of KML Fremont Investors LLC sold the flex facility at 340 Turtle Creek Court in San Jose, CA, to private investor James Gudenau for $2 million, or nearly $150 per square foot.Built in 1983, the 13,566-square-foot building sits on a little…
Solar Company Moving HQ to Edenvale Tech Park
Solar energy company Stion leased 64,435 square feet in the Edenvale Technology Park, where it will house its corporate headquarters and initial production capabilities.The lease represents the third solar manufacturer to move to the Edenvale industrial…
March 20th, 2008 at 04:00am
618 N GUADALUPE AVE, REDONDO BEACH, CA 90277 - 3 beds 3 baths ? sq ft - $839,000
1337 S. GERTRUDA AVE, REDONDO BEACH, CA 90277 - 3 beds 2 baths 1,345 sq ft - $999,000
466 CALLE DE ARAGON, REDONDO BEACH, CA 90277 - 4 beds 3 1/2 baths ? sq ft - $1,850,000
March 19th, 2008 at 07:00pm
23749 ARLINGTON, TORRANCE, CA 90501 - 3 beds 2 1/2 baths ? sq ft - $840,000
5500 TORRANCE BLVD #B119, TORRANCE, CA 90503 - 3 beds 2 baths ? sq ft - $509,000
March 19th, 2008 at 05:00pm
1850 MANHATTAN AVE, MANHATTAN BEACH, CA 90266 - 4 beds 4 baths 3,700 sq ft - $5,200,000
209 41ST STREET, MANHATTAN BEACH, CA - 3 beds 3 1/2 baths 1,884 sq ft - $1,799,000
March 19th, 2008 at 03:00pm
CoStar's Retail News Roundup: Mar. 9 to 15, 2008
This week in the Retail Roundup, CoStar reports on February retail sales and employment; expansions or new concepts Urban Outfitters, PetSmart, Famous Footwear, Naturalizer, Staples, Perfumania, Coldwater Creek, Publix, Longs Drugs, Big Lots, Kids 'R…
Legacy Partners Buys East Hamilton Towers for $126M
Legacy Partners has purchased the East Hamilton Towers office complex at 900 and 910 E. Hamilton Ave. in Campbell, CA, for $126 million, or $360 per square foot. The seller was the State Teachers' Retirement System of Ohio.Built in 1989, the Class…
March 19th, 2008 at 04:00am
25925 OAK, LOMITA, CA 90717 - 2 beds 2 baths ? sq ft - $427,000
25562 OAK AT PACIFIC COAST HIGHWAY, LOMITA, CA - 2 beds 2 1/2 baths 1,496 sq ft - $498,000
March 19th, 2008 at 12:00am
205 AVENUE D, REDONDO BEACH, CA 90277 - 3 beds 1 bath ? sq ft - $1,350,000
102 CALLE DE ARBOLES, REDONDO BEACH, CA 90277 - 3 beds 2 baths ? sq ft - $1,246,000
March 18th, 2008 at 07:00pm
22312 ANZA, TORRANCE, CA 90505 - 3 beds 1 bath ? sq ft - $695,000
22019 ALBERT, TORRANCE, CA 90503 - 4 beds 2 baths ? sq ft - $769,900
4902 HALISON ST, TORRANCE, CA - 3 beds 1 bath 1,115 sq ft - $698,000
March 18th, 2008 at 05:00pm
3300 OCEAN DRIVE, MANHATTAN BEACH, CA 90266 - 3 beds 3 1/2 baths ? sq ft - $3,149,000
728 CYPRESS, MANHATTAN BEACH, CA 90254 - 4 beds 4 1/2 baths ? sq ft - $1,199,000
March 18th, 2008 at 03:00pm
Solar Company Moving HQ to Edenvale Tech Park
Solar energy company Stion leased 64,435 square feet in the Edenvale Technology Park, where it will house its corporate headquarters and initial production capabilities.The lease represents the third solar manufacturer to move to the Edenvale industrial…
Dubrovnik Properties Sells Palo Alto Office Bldg.
Dubrovnik Properties sold the office building at 335 Bryant St. in Palo Alto, CA, to 335 Bryant Associates LLC for $6.32 million, or about $575 per square foot.The three-story building totals 11,000 square feet and sold vacant. The buyer plans to…
March 18th, 2008 at 04:00am
501 N MARIA AT DIAMOND, REDONDO BEACH, CA - 5 beds 4 baths ? sq ft - $1,390,000
REDONDO BEACH, REDONDO BEACH, CA 90278 - 4 beds 2 1/2 baths ? sq ft - $965,000
1036 AVENUE, REDONDO BEACH, CA 90277 - 5 beds 5 baths ? sq ft - $2,150,000
March 17th, 2008 at 07:00pm
1281 AT CABRILLO, TORRANCE, CA - 2 beds 2 baths ? sq ft - $389,000
23749 ARLINGTON, TORRANCE, CA 90501 - 3 beds 2 1/2 baths ? sq ft - $840,000
18903 YUKON, TORRANCE, CA 90504 - 3 beds 2 baths ? sq ft - $574,999
March 17th, 2008 at 05:00pm
405 HARKNESS, MANHATTAN BEACH, CA 90266 - 4 beds 3 1/2 baths ? sq ft - $1,279,000
March 17th, 2008 at 03:00pm
Watch List (March 2-8): Speaking Out
In this week’s issue, we pick up comments from Kieran Quinn, chairman of the Mortgage Bankers Association and chairman and CEO of Column Financial, Credit Suisse's mortgage lending subsidiary, who looks for portfolio lenders to pick up some of the credit…
Business Expansion, Relocations (March 9-15)
Alphatec Holdings Inc. will sublease 76,693 square feet of office, engineering, research and development and warehouse and distribution space from K2 Inc. consisting of the entire building at 5818 El Camino Real in Carlsbad, CA. H.G. Fenton Property Co…
March 17th, 2008 at 04:00am
26740 VIA MARQUETTE, LOMITA, CA 90717 - 4 beds 3 baths ? sq ft - $830,000
March 17th, 2008 at 12:00am
615 - 621 S. PACIFIC COAST HWY, REDONDO BEACH, CA 90277 - 3 beds 3 1/2 baths 18,002,200 sq ft - n/a
18518 KINGSDALE AVE, REDONDO BEACH, CA 90278 - 3 beds 2 1/2 baths ? sq ft - $719,000
256 PASEO DE GRACIA, REDONDO BEACH, CA 90277 - 4 beds 3 1/2 baths ? sq ft - $1,299,000
March 16th, 2008 at 07:00pm
16929 EASTWOOD AT 172ND, TORRANCE, CA - ? sq ft - $545,000
22339 HARBOR RIDGE LN., TORRANCE, CA 90502 - 2 beds 1 1/2 baths ? sq ft - $409,900
2255 SANTA FE, TORRANCE, CA 90501 - 3 beds 2 baths ? sq ft - $829,000
March 16th, 2008 at 05:00pm
225 39TH ST, MANHATTAN BEACH, CA 90266 - 3 beds 3 baths ? sq ft - $1,295,000
MANHATTAN BEACH, MANHATTAN BEACH, CA 90266 - 5 beds 4 baths ? sq ft - $1,900,000
March 16th, 2008 at 03:00pm
Dubrovnik Properties Sells Palo Alto Office Bldg.
Dubrovnik Properties sold the office building at 335 Bryant St. in Palo Alto, CA, to 335 Bryant Associates LLC for $6.32 million, or about $575 per square foot.The three-story building totals 11,000 square feet and sold vacant. The buyer plans to…
March 16th, 2008 at 06:00am
Business Expansion, Relocations (March 9-15)
Alphatec Holdings Inc. will sublease 76,693 square feet of office, engineering, research and development and warehouse and distribution space from K2 Inc. consisting of the entire building at 5818 El Camino Real in Carlsbad, CA. H.G. Fenton Property Co…
Facility Closures and Layoffs (March 9-15)
This report is excerpted from Watch List, a weekly column of distressed commercial properties, mortgages and corporate news.Ziff Davis Media Inc. filed a voluntary petition for Chapter 11 bankruptcy reorganization in the Southern District of New York…
Watch List (March 2-8): Speaking Out
In this week’s issue, we pick up comments from Kieran Quinn, chairman of the Mortgage Bankers Association and chairman and CEO of Column Financial, Credit Suisse's mortgage lending subsidiary, who looks for portfolio lenders to pick up some of the credit…
March 16th, 2008 at 04:00am
1223 BERYL, REDONDO BEACH, CA 90277 - 7 beds 5 1/2 baths ? sq ft - $2,400,000
351 VIA EL CHICO, REDONDO BEACH, CA 90277 - 4 beds 2 1/2 baths ? sq ft - $1,299,000
2611 CARNEGIE AT INGLEWOOD, REDONDO BEACH, CA - 3 beds 3 baths ? sq ft - $619,000
March 15th, 2008 at 07:00pm
2700 ARLINGTON AT SEPULVEDA, TORRANCE, CA - 1,709 sq ft - $499,900
19129 ANZA AVE, TORRANCE, CA 90503 - 3 beds 2 baths ? sq ft - $649,000
March 15th, 2008 at 05:00pm
1232 21ST STREET, MANHATTAN BEACH, CA 90266 - 5 beds 4 1/2 baths 3,500 sq ft - $2,195,000
March 15th, 2008 at 03:00pm
CoStar's Retail News Roundup: Mar. 9 to 15, 2008
This week in the Retail Roundup, CoStar reports on February retail sales and employment; expansions or new concepts Urban Outfitters, PetSmart, Famous Footwear, Naturalizer, Staples, Perfumania, Coldwater Creek, Publix, Longs Drugs, Big Lots, Kids 'R…
Facility Closures and Layoffs (March 9-15)
This report is excerpted from Watch List, a weekly column of distressed commercial properties, mortgages and corporate news.Ziff Davis Media Inc. filed a voluntary petition for Chapter 11 bankruptcy reorganization in the Southern District of New York…
March 15th, 2008 at 04:00am
1946 248TH ST, LOMITA, CA 90717 - 3 beds 2 baths ? sq ft - $549,900
March 15th, 2008 at 12:00am
610 THE VILLAGE, REDONDO BEACH, CA 90277 - 1 bed 1 bath ? sq ft - $469,500
1806 SPRECKELS LN, REDONDO BEACH, CA 90278 - 2 beds 2 baths ? sq ft - $550,000
March 14th, 2008 at 07:00pm
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