December 24, 1997 |
It's no wonder commercial real estate investment broker Bob Safai was comfortable setting up his new Madison Partners "boutique" brokerage at the 3130 Wilshire Blvd. building in Santa Monica. After all, Safai has sold the six-story building three times in the last 14 months by capitalizing on heavy interest in the Westside market, driven by real estate investment trusts and institutional investors.
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.
February 5, 2002 |
Commercial real estate developer Kilroy Realty Corp. has seen most of its new buildings fill with tenants even as the region's economy has declined over the last year or so. Nearly all of the company's new office buildings--and even some still under construction--are fully leased. But the company has struggled to find tenants for the two newest buildings at its Westside Media Center project ever since would-be "anchor" tenant EToys closed its doors.
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.
March 14, 2000
A look at recent commercial leasing and sales activity in Orange County. LEASES * Cox Communications Address: 9451 Toledo, Irvine Spectrum Space: 27,200 sf Term: 5 years Value: $2.3 million Landlord: Kilroy Realty Corp. Lessee broker: Cushman Realty Corp. Landlord broker: Cushman & Wakefield, South Orange County office SALES * Industrial building Address: 19652 Descartes, Foothill Ranch Size: 19,268 sf Price: $1.6 million Buyer: Performance Equipment Co. Seller: Foothill Ranch Co.
May 4, 1999 |
VPA Inc. plans to expand and relocate its headquarters operation to a building to be erected next to its current Calabasas headquarters. After considering alternative sites from the Warner Center to Agoura, VPA opted to stay near its leased Calabasas Road offices in a building to be developed by Kilroy Realty Corp., said broker Bryan Lewitt of Staubach Los Angeles, VPA's real estate consultant.
October 7, 2012 |
The long-planned Columbia Square mixed-use development planned around the historic former CBS headquarters in Hollywood will be revived by new owner Kilroy Realty Corp. Kilroy, a Los Angeles real estate investment trust, bought Columbia Square at 6121 Sunset Blvd. for $65 million from iStar Financial. Previous owners planned an $850-million project with offices, condominiums and a hotel, but the project stalled in the recent economic downturn. Kilroy plans a scaled-down development valued at about $235 million, Executive Vice President David Simon said.
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.