When it comes to doing deals, AIR members are among the most active commercial real estate professionals in Southern California. Everyday, AIR members are participating in some of the largest transactions taking place in the region. Listed below are just a handful of the deals AIR members helped to consummate during the past two weeks:

Last Updated 06/26/2008

Southeast Region

No Oil Issue Here

Mark D. Repstad, senior associate with Binswanger/Realty Advisory Group, announces that Sunset Olive Properties, LLC has paid $6.5 million to acquire a 66,482 square feet industrial building on three acres of land in Montebello. The buyers will use the facility, located at 133-137 Van Norman Rd., for packaging and distribution of edible oils, mostly olive oil. Mark Repstad and John Repstad, also of Binswanger, represented both the buyers and ADM Furniture, Inc., the seller. Features of the divisible building include 22-foot minimum clearance, fenced yard, and outstanding freeway access.

Central Region

Heger Duo Inks $2.5 Million Vernon Lease

Jim Hilands and Robert Levenstein, senior vice presidents with The Heger Company, report their representation of both the landlord, Soto Industrial Center, and K'Loral, LLC, the tenant, in the lease of a 169,847 square foot industrial building at 5175-5225 S. Soto St., and 2750-2760 Fruitland Ave. in Vernon.

Inland Empire

$6.6 Million Investment Deal Done in Rancho Cucamonga

Voit Commercial Brokerage announces that Six Street L.P., a group of private investors, has acquired an 83,456 square foot industrial property at 1096 6th St. in Rancho Cucamonga for $6.6 million. The buyer acquired the property as a long-term investment. Mike Cargile, senior vice president of Voit's Irvine office, and Loren Cargile of the same office represented the buyer.

Orange County

Anaheim Industrial Sale Closed

Lee & Associates has closed a $1.3 million sale transaction for a 6677 square foot industrial building located at 1275 Patt St. in Anaheim. Brad Gilmer, principal of Lee & Associates Orange, Inc. and Jim deRegt of Lee & Associates Newport Beach, Inc. represented the seller, North Anaheim Associates, LLC. Tom O'Loughlin of Lee & Associates Commerce, Inc. represented the buyers,Talal, LLC.

Orange County

CBRE Reports Newport Office Lease

CB Richard Ellis announces that First National Capital Corporation has leased a 3852 square foot office building at 26050 Towne Center Dr. in Foothill Ranch. Chip Wright, Ross Bourne and Keith Black of CBRE's Newport Beach office represented the landlord, AP Properties. Black also represented the tenant.

South Bay

Staubitz, Beesen Take Flight

Worldwide Flight Services (WFS), one of the largest ground handling organizations in the world, has subleased 70,025 square feet of logistics space in the former Boeing industrial tract in Torrance, The Klabin Company reports. WFS recently occupied part of a larger building at 1451 Knox St., Torrance. Luke Staubitz, SIOR, and Harvey Beesen, both Klabin partners, represented WFS. Bret Quinlan of CB Richard Ellis represented CTSI Logistics, Inc., the landlord. Consideration for the 7.5-year sublease was in excess of $5 million.