News

  PROPERTY MANAGEMENT

LIDO MARINA VILLAGE - NEWPORT BEACH, CA

On July 1, 2009 Davenport Partners was hired as the on-site manager tasked to handle project operations and construction management projects, as well as coordinate marketing and leasing efforts for Lido Marina Village in Newport Beach, CA for Vornado Realty Trust.  Vornado (NYSE:VNO) is one of the largest owners and managers of real estate in the United States with a portfolio over 100 million square feet in its major platforms, primarily located in the New York and Washington, DC metro areas. Although Davenport  generally does not take on many third-party management assignments, we were referred to Vornado and accepted the assignment since the property was in Newport Beach, was significant in size and because we thought building a relationship with Vornado might be mutually beneficial.

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ACQUISITIONS

1003 COOLEY, COLTON, CA

Davenport Partners has acquired 1003 E. Cooley Drive in Colton, California as of November 30, 2007. Located at the heart of the Cooley Ranch office sub-market, this building is a 2-story atrium-style multi-tenant office building, totaling 26,623 square feet. It is conveniently accessible via the 10 and 215 Freeway in the fast-growing Inland Empire.

 

2601 OCEAN PARK BLVD., SANTA MONICA, CA

Davenport Partners has acquired 2601 Ocean Park Blvd., Santa Monica, CA as of August 2, 2006.  This property is three-story, 44,400 square foot, multi-tenant office building, with an attached three-level parking structure that fronts Ocean Park Blvd., and is located one-half mile south of the Santa Monica (10) Freeway.

 

800 S. BARRANCA, COVINA, CA

Davenport Partners has acquired 800 S. Barranca, Covina, CA as of August 1, 2006.  This property is a Class A, 89,500 square foot, five-story office building, located 1 block north of the San Bernadino (10) Freeway.

 

KATELLA CORPORATE CENTER, 4281 KATELLA AVENUE, LOS ALAMITOS, CA

Davenport Partners has acquired  Katella Corporate Center, 4281 Katella Avenue, Los Alamitos, CA as of  May 18, 2006 .  The property consists of an 80,609 SF mulit-tenant office building. The project is located on Katella Avenue approximately 1.5 miles east of the 605 Freeway.

   

887 N. NIMITZ HIGHWAY, HONOLULU HAWAII

Davenport Partners together with private investors acquired a 35,000 sf refrigerated warehouse in Honolulu, Hawaii on March 31, 2005.

   
DISPOSITIONS

925 DILLINGHAM BLVD., HONOLULU, HAWAII

Davenport Dillingham Partners announces the sale of 925 Dillingham, Honolulu, HI on October 3, 2008 to a Honolulu based private investor.  The 54,696 sq. ft. two-story office building was purchased in August 2006 and the project’s single tenant Sprint renewed their lease in Fall 2007. In addition, the property underwent a lot split in Spring 2008 so future development of office, retail and/or structured parking uses can occur in the surface parking area.

   

SIXTH STREET CENTER, ONTARIO, CA

Davenport Partners announces the sale of 1131 West Sixth Street, Ontario, California on June 5, 2007 to an affiliate of Michael L. Meyer Company.  Davenport Partners puchased the 60,000 square foot multi-tenant office building in January 2005 and undertook renovations and lease-up of the property.

   

180 NEWPORT CENTER DRIVE, NEWPORT BEACH, CA

Davenport Partners announces the sale of 180 Newport Center Drive, Newport Beach, California on March 6, 2007 to an affiliate of Michael L. Meyer Company.  Davenport Partners purchased the 40,000 square foot multi-tenant office building in March 2005 and undertook renovations and lease up of the property.

   

MOUNTAIN GROVE OFFICE PARK

Davenport Partners announces the sale of Mountain Grove Office Park, Upland, California on November 8, 2005 to PRES-Mountain Grove, L.P..  Davenport Partners purchased the 150,000 square foot Class A Office Park in October of 2002.  Immediately following the acquisition Davenport Partners undertook a complete renovation and lease up of the Office Park.

   

80 SOUTH LAKE AVENUE, PASADENA, CA

Davenport Partners announces the sale of 80 South Lake Avenue, Pasadena, California on September 9, 2005 to 80 South Lake LLC, an affiliate of IDS Real Estate Group and Cal- STRS.  The sale occurred after the completion of the structural upgrade, extensive renovation and lease-up of the property.  The property was purchased in October 2003 by a joint venture of Davenport Partners, Buchanan Street Partners and outside investors.  The property was 50% leased when purchased and 92% leased and occupied at the time of sale.

   

IRVINE, CA

Davenport Partners, as Asset Manager to the Pappas Family ownership/seller, handled the $11.5 million disposition and sale to Home Loan Funding of a 103,000sf office building located at 16808 Armstrong Ave., Irvine.  The transaction closed June 17, 2005

   

CAMARILLO, CA

The Camarillo Development project was sold to Chase Partners, Ltd. at the end of December 2004.  For more information contact Mike Foxworthy of Daum Commercial at 805-987-8866 *313 or mike.foxworthy@daumcommercial.com

   

 

 


 


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