LOS ANGELES—Conor Commercial Real Estate has acquired 26 acres to build a 324,00-square-foot class-A industrial complex. The property is being built on spec, and was formally a parking lot. The developer plans to build a state-of-the-art property with four rear-loaded industrial buildings carefully configured to support the requirements of tech-centric industrial, light manufacturing, and R&D users within single or multi-tenant layouts. The cost of the development was not disclosed.
SALES
PASADENA—Greymark Capital has formed a joint venture with Blue Vista Capital Management to acquire a 164,101-square-foot creative office building in Pasadena for $16.3 million. The property serves as Leon Max Inc. headquarters. The investor plans to renovate the property and add outdoor amenities.
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Kelsi Maree Borland
