LAGUNA WOODS, CA-The nonprofit corporation, Golden Rain Foundation of Laguna Hills, has signed a 10-year lease to occupy 41,000 sf in the 12-acre Town Centre complex here.
WESTMINSTER, CA-Pyramid Logistics had been leasing the building since February. Located in the Westminster Business Center, it encompasses 56,679 sf. It is one of three freestanding distribution buildings that comprise the center.
IRVINE, CA-Locally based CIP Real Estate, along with a joint venture partner, has snatched up the Milliken Business Center. The 12-building complex encompasses 157,701 sf.
IRVINE, CA-The congregation has purchased a 25,026-sf research and development building in the Irvine Spectrum and plans to occupy it within the next several months.
WESTMINSTER, CA-The Pavilions Center, which is anchored by Vons Pavilions and Target, has added Easy Life Furniture to its list of tenants. Easy Life has signed a $1-million lease for retail space at the complex. Slated to open its doors later this month, it will be the newest of Easy Life's three stores.
HUNTINGTON BEACH, CA-The company, Huntington Beach-based Intertrade Aviation, has paid $1.6 million for the facility. The sale is the latest signal that demand for small and mid-sized industrial properties is continuing to grow countywide.
IRVINE, CA-Locally based Pacific Newport Properties sells 755,137-sf warehouse and distribution facility in Mira Loma to insurance and financial-services giant Allianz of America. The project is fully leased to Wal-Mart.
SANTA ANA-The auto retail complex, which encompasses 20,381 sf, is occupied by Jiffy Lube and Bridgestone Tires. The seller is Frye Family Partnership and the buyer is T & N Tustin Investments Inc.
LOS ANGELES-Encompassing 88,215 sf, the Marina Corporate Centre office building is fully leased to Edu Trek International. It is the second large office building to be sold in the West LA area in recent weeks, and local experts are optimistic that these and other pending transactions signal a recovery in the Westside market.