ANAHEIM, CA-The option has expired due to lack of financing, leaving the parcel near Edison International Field up for grabs. The project's developer, Glacier of Anaheim LLC, says it is exploring alternative financing options and hopes to get the project moving forward again.
VAN NUYS, CA-The multifamily property was 99% occupied at the time of sale. The buyer plans to invest in capital improvements as part of a long-term repositioning strategy for the property, which was built in 1976.
LOS ANGELES, CA- The buyer was Lee Trust and the seller was Seattle, WA-based Costco Corp. A national auto repair chain owns a building that sits on the property.
RANCHO CUCAMONGA, CA-The two-building project encompasses 80,000 sf. The complex, situated close to Ontario International Airport, is approximately 85% occupied. Tenants include Wadell & Reed, the San Bernardino Credit Union, Farmers Insurance and Washington Mutual
RANCHO SANTA MARGARITA, CA-A real estate investment and management company picks up a recently completed 18,000-sf development in the Saddleback Tomas Business Park.
RANCHO CUCAMONGA, CA-The two-building project encompasses 80,000 sf. The complex, situated close to Ontario International Airport, is approximately 85% occupied. Tenants include Wadell & Reed, the San Bernardino Credit Union, Farmers Insurance and Washington Mutual
ANAHEIM, CA-The industrial park consists of two single-story buildings. Although financial terms were not disclosed, local brokers estimate its value at more than $15 million.
RANCHO SANTA MARGARITA, CA-The complex, which will rise in Rancho Santa Margarita, will consist of six, concrete tilt-up buildings. The facilities will range in size from 5,670 sf to 12,030 sf.
LOS ANGELES-Beverly Hills-based Hilton Hotels Corp. has opened the 120-room hotel in Nuevo Laredo, Mexico. It is the third property that the company has opened in Mexico.
BUENA PARK, CA-The five-member council voted unanimously to transfer a $3.2 million lease at the former Fedco facility to Wal-Mart. The space is located at the Buena Park Mall.