News Article | 1/24/2012

Real Estate: HP lease wins ‘Rexie’ rave

Late last winter, when it was announced that Hewlett Packard will lease 1.4 million square feet of San Bernardino warehouse space, David Burback, who runs Grubb & Ellis’ Ontario office, said it was the deal of the year.

It was a bold statement considering there was still more than 10 months of 2011 left on the calendar. But Burback was right. CT Realty Investors’ HP lease was named Industrial Lease Transaction of the Year at the annual Rexie Awards, which marks the top accomplishments in commercial real estate.

The Inland Empire Chapter of NAIOP, the trade group for commercial real estate, held its awards luncheon Tuesday. Winners in other categories included:

Industrial Portfolio Sale of the Year: Industrial Income Trust purchases four buildings totaling 1.6 million square feet

Industrial Building Sale of the Year: Manulife Financial purchases 819,004 square feet in Fontana

Industrial Land Acquisition of the Year: Alere Property Group purchases 29.51 acres in San Bernardino County

Industrial Leasing Broker of the Year: Colliers International: Steve Bellitti & Thomas Taylor

Industrial Investment Broker of the Year: CB Richard Ellis, Darla Longo & Barbara Emmons

Public Partner of the Year: San Bernardino County

Industrial Developer of the Year: Watson Land Company – 616,542 square foot building in Redlands

Industrial Owner of the Year: Prologis

These were the honorees in each category for both professionals and projects:
Industry Leader of the Year: Doug Dupree, City of San Bernardino Fire Department; Dean Brown, Tejon Ranch; John Burroughs, Commerce Construction/Majestic Realty Co.; Matthew Hargrove, CBPA; Dennis Roy, RGA Office of Architectural Design; Ned Sciortino, Hillwood; Kevin Scott, International Code Council.