January 3, 2012 |
An El Segundo office building occupied by Mattel Inc.'s Global Design Center was sold to New York investment firm Angelo, Gordon & Co. for $45 million. Angelo, Gordon bought the 192,053-square-foot building at 2031 E. Mariposa Ave. from Los Angeles real estate investment trust Kilroy Realty Corp., property brokerage Jones Lang LaSalle said. The site near Sepulveda Boulevard and the Century Freeway consists of nearly 10 acres on a flag-shaped lot. It was originally constructed in the 1950s as a distribution building and includes a sizable loading area and space for parking and trailer storage, the brokerage said.
January 29, 1998 |
El Segundo-based Kilroy Realty Corp. has closed escrow on its second Santa Monica property in the space of a few weeks. The real estate investment trust last week purchased 501 Santa Monica, a 72,000-square-foot office on the northeast corner of 5th Street and Santa Monica Boulevard, from KMK Realty for $16.35 million, according to Tony Dorn of Beitler Commercial Realty Services, which represented Kilroy in the deal. The price underlines the escalating values in the trendy area.
December 16, 1999
Here are building permits valued at $350,000 and up filed recently in Orange County. ALISO VIEJO * Project: Office building Address: 135 Columbia Value: $974,000 Owner: Cornerstone Development IRVINE * Project: Tenant improvement Address: 17861 Cartwright Road Value: $505,000 Owner: KRDS * Project: Tenant improvement Address: 120 Theory, No. 100 Value: $556,000 Owner: Paragon Biomedical * Project: Tenant improvement Address: 17622 Armstrong Ave. Value: $745,000 Owner: St.
CALIFORNIA | LOCAL
April 4, 1998 |
Officials announced the beginning of construction Friday on the $30-million Anaheim Technology Center, slated to open in late 1999 to help the city replace jobs lost through defense-industry cutbacks. In a related action, the City Council Tuesday will consider approving a manufacturing complex on a portion of the former Rockwell International site. Kilroy Realty Corp.
November 27, 1997 |
LBA Properties Inc., a privately held property owner and developer that decided in October to raise as much as $378.5 million in an initial stock offering, may be a buyout target. LBA Chairman Phil A. Belling said he still wants to go public as a real estate investment trust. But publicly held competitors such as Arden Realty Group Inc., CarrAmerica Realty Corp., Kilroy Realty Corp. and Spieker Properties Inc.
March 21, 2000 |
Internet toy seller EToys Inc. has reportedly leased an entire 761,565-square-foot distribution center that international real estate developer ProLogis has under construction in Ontario. Representatives of both Santa Monica-based EToys and Aurora, Colo.-based ProLogis declined to discuss the transaction reported in the Business Press and by Rentv.com.
August 5, 2012 |
Venerable Los Angeles office landlord Kilroy Realty Corp. has made its first move into Hollywood with the $79-million purchase of Sunset Media Center, a high-rise near the intersection of Sunset Boulevard and Vine Street. Kilroy plans to spend “many more millions of dollars” to renovate the 22-story tower built in 1972, said David Simon, Kilroy's executive vice president for the Los Angeles region. The goal is to reposition the building at 6255 W. Sunset Blvd. as more upscale and attract tenants capable of paying higher rents.
November 3, 2011 |
Satellite broadcaster DirecTV Group Inc. has agreed to double the size of its El Segundo headquarters in a lease valued at more than $300 million. DirecTV, which beams television service to more than 19 million subscribers, will rent 630,000 square feet in three buildings on East Imperial Highway near Los Angeles International Airport, landlord Kilroy Realty Corp. said Wednesday. The broadcaster said it expects to expand into a total of up to 720,000 square feet over the course of the nearly 16-year agreement.
July 7, 1998
The following REITs are based in Southern California. The chart shows their closing prices as of July 2, their low and high share prices during the last year and their yield per share. *--* Ticker July 2 So. Cal. REITs symbol Exchange close Low Alexander Haagen Properties* ACH AMEX $14.88 $13.75 Alexandria Real Estate Equities ARE NYSE 29.75 22.25 American Residential Investment Trust INV NYSE 9.63 8.94 Angeles Mortgage Investment Trust ANM AMEX 18.25 14.88 Apex Mortgage AXM NYSE 10.88 10.19 15.
CALIFORNIA | LOCAL
November 25, 1997 |
The Calabasas City Council approved the construction of a 140-room hotel as part of the Calabasas Park Centre development, after Homestead Village made several design modifications to appease a critical public. The council voted unanimously last week to approve Homestead's site plan, which calls for a 63,441-square-foot hotel to be built on 4.42 acres at the southeast corner of Parkway Calabasas and Park Sorrento, said city Planning Director Steven Harris.