Bixby Land Company Acquires $58 Million in Industrial Properties

Transactions Mark Improvement in California Markets, Bixby's Continued Active Pursuit of Investment Opportunities

2011-03-29

IRVINE, CA, March 29, 2011 (Press-News.org) Bixby Land Company, a leading commercial real estate operator and investment manager based in Orange County, Calif., has purchased four Class A industrial properties totaling approximately 850,000 square feet. The acquisitions increase Bixby Land Company's wholly-owned portfolio to more than 5 million square feet and point to Bixby's increasing investment activity as California property markets show signs of improvement.

"Our investment in these high-quality properties is a reflection of our confidence in the recovery of commercial real estate, in particular the industrial sector, as demand for space increases and values recover," said Bill Halford, president and CEO of Bixby Land Company. "These are institutional quality buildings leased to national and strong regional tenants," said Halford.

Empire Business Center is the largest of the four properties purchased and is located in Mira Loma, Calif., in the Inland Empire. Bixby Land Company purchased the five-building, 393,000-square-foot industrial park for $29.45 million. The property is fully leased with several national tenants, including Nextel, Owens Corning and Eaton.

The second acquisition, 16200 Trojan Way, is located in La Mirada, Calif., in the Mid-Cities submarket of Los Angeles. The property is a 107,000-square-foot industrial building that is 100% leased to Diversified Printers and was purchased for $10.6 million.

Bixby's third acquisition is located at 7600 Eastgate Road in Henderson, Nev., and totals 129,000 square feet. The property is 100% leased to Levi Strauss and was purchased for $8.25 million.

The company has also acquired 4335 Arcata in Las Vegas, a 220,000-square-foot industrial building that is 100% leased to Moen. Bixby paid $9.75 million in that transaction.

Bixby Land Company represented itself in each of the acquisitions. The company is a vertically integrated real estate investor and operator focused on core and value add opportunities primarily in California.

"We are increasingly focused on value add investment opportunities as market fundamentals improve," said Halford. "The velocity of value add investment opportunities is steadily increasing, and properties can now be acquired in select markets at a historically attractive cost basis and repositioned to core assets. Given our integrated operating platform and available cash to invest, we are very focused on these opportunities," said Halford.

About Bixby Land Company
Bixby Land Company is a leading commercial real estate operator and investment manager with a portfolio of assets under management nearing $1 billion. The company is a privately-held REIT with a focus on core industrial and value add investments in R&D and office properties throughout the Western U.S. Bixby Land Company has a vertically integrated operating platform backed by a veteran management team. For more than 100 years, Bixby Land Company has been committed to adding value for its investors and shareholders. For more information, visit www.bixbyland.com.

Idea Hall is a full-service public relations and marketing agency which offers proprietary, search engine optimized press releases. Learn more at www.ideahall.com.

ELSE PRESS RELEASES FROM THIS DATE:

The Birth of a Novel: Josie Brown's THE BABY PLANNER is Nurtured by the Profession it Touts

2011-03-29

Conception is a blessed event, be it a child's, or a new book. That is novelist Josie Brown's contention. She should know. The idea for her fourth novel, The Baby Planner [Simon & Schuster/Gallery Books]--about a childless woman who channels her nurturing instincts toward her pregnant clients--was born in the reception area of her mammogram center. "I picked up the only reading material available: a local parenting magazine," explains Brown, who lives in the San Francisco Bay Area. "My own children are older, so it wasn't necessarily something I felt might interest ...

Deep-sea volcanoes don't just produce lava flows, they also explode!

2011-03-29

Between 75 and 80 per cent of all volcanic activity on Earth takes place at deep-sea, mid-ocean ridges. Most of these volcanoes produce effusive lava flows rather than explosive eruptions, both because the levels of magmatic gas (which fuel the explosions and are made up of a variety of components, including, most importantly CO2) tend to be low, and because the volcanoes are under a lot of pressure from the surrounding water. Over about the last 10 years however, geologists have nevertheless speculated, based on the presence of volcanic ash in certain sites, that explosive ...

OAI: News of Fee Increase Highlights Peculiarities of Mich. Auto Insurance Market

2011-03-29

Last week, the Michigan Catastrophic Claims Associations (MCCA) announced it would be instituting a slight fee increase that will be passed on to policyholders in the state. Car insurance providers currently are required to pay the MCCA $143.09 per insured vehicle, which gets incorporated into the premiums of even the cheapest auto insurance companies in the state. That amount will be raised 1.3 percent starting in July. The fee revenue goes into an MCCA-administered fund that exists as a result of the unorthodox structure of Michigan's no-fault system. Unlike the ...

Bones conjure Yellowstone's ecological ghosts

2011-03-29

By taking a closer look at animal bones scattered across the wilderness landscape, a researcher at the University of Chicago has found a powerful tool for showing how species' populations have changed over decades or even a century. "The skeletons of long-dead animals lying on landscapes provide critical insight into our understanding of ecosystem history, especially how populations have changed," said the study's author, University of Chicago alumnus Joshua H. Miller, S.M.'05, PhD'09, a postdoctoral research fellow in biological sciences at Wright State University in ...

AmeriSus Partners with HomeSphere

2011-03-29

Lakewood-based HomeSphere, Inc. announced today that they have entered into a partnership with the American Sustainability Initiative (AmeriSus) to effectively manage manufacturer rebates with their BRI and AllTrack applications. Inspired by the Sears kit houses of the 1930s, AmeriSus manages all design, engineering, product and technology selections, procurement, logistics and scheduling for home builders, in order to deliver all materials necessary to construct an affordable, super-efficient homes for the end consumer. AmeriSus catalog homes are designed to fit into ...

Human virus linked to deaths of endangered mountain gorillas

2011-03-29

For the first time, a virus that causes respiratory disease in humans has been linked to the deaths of wild mountain gorillas, reports a team of researchers in the United States and Africa. The finding confirms that serious diseases can pass from people to these endangered animals. The researchers are from the non-profit Mountain Gorilla Veterinary Project; the Wildlife Health Center at the University of California, Davis; the Center for Infection and Immunity at Columbia University; and the Rwanda Development Board. Their study, which reports the 2009 deaths ...

International Diabetes Federation supports surgery to treat diabetes

2011-03-29

NEW YORK (March 28, 2011) -- Bariatric surgery should be considered earlier in the treatment of eligible patients to help stem the serious complications that can result from diabetes, according to an International Diabetes Federation (IDF) position statement presented by leading experts at the 2nd World Congress on Interventional Therapies for Type 2 Diabetes in New York. The statement was written by 20 leading experts in diabetes and bariatric surgery who have made a series of recommendations on the use of weight-loss surgery as a cost-effective treatment option for ...

Research proves no 2 of us are alike, even identical twins

2011-03-29

Just like snowflakes, no two people are alike, even if they're identical twins according to new genetic research from The University of Western Ontario. Molecular geneticist Shiva Singh has been working with psychiatrist Dr. Richard O'Reilly to determine the genetic sequencing of schizophrenia using identical or monozygotic twins. The study is published in this month's PLoS ONE. Singh looked at about one million markers of identical twins (and their two parents) where only one twin had schizophrenia. "The most informative feature of schizophrenia is that it sometimes ...

How do plants fight disease?

2011-03-29

RIVERSIDE, Calif. – How exactly bacterial pathogens cause diseases in plants remains a mystery and continues to frustrate scientists working to solve this problem. Now Wenbo Ma, a young plant pathologist at the University of California, Riverside, has performed research on the soybean plant in the lab that makes major inroads into our understanding of plant-pathogen interactions, a rapidly developing area among the plant sciences. Her breakthrough research can help scientists come up with effective strategies to treat crops that have succumbed to disease or, when used ...

Total Mortgage Services Receives District of Columbia Mortgage Lender License

2011-03-29

Total Mortgage Services, LLC, a leading mortgage lender, announced today that it has received its District of Columbia Mortgage Lender License from Department of Insurance, Securities and Banking and can now originate residential mortgage loans in the District of Columbia. Total Mortgage is licensed as a mortgage lender in District of Columbia and holds Mortgage Lender License NMLS2764. "We are excited about now being able to help borrowers throughout Washington DC with their current purchase and refinancing needs," commented John Walsh, President of Total Mortgage. ...

LAST 30 PRESS RELEASES:

AI finds undiagnosed liver disease in early stages

The American Society of Tropical Medicine and Hygiene and the Bill & Melinda Gates Foundation announce new research fellowship in malaria genomics in honor of professor Dominic Kwiatkowski