LOS ANGELES-According to a recent report by NAI Capital Commercial, rents are climbing in the Los Angeles Basin's office sector, even as vacancy rates continue to rise. The average rental rate for class A space is currently $2.27 per sf compared to $2.16 at year-end 2000.
BUENA PARK, CA-The 164-unit multifamily property, known as Bascom Villas, has been sold by a limited liability company. Although the county's multifamily vacancy rate still hovers at 3%, there have been some signs that the multifamily market may be starting to wane.
NEWPORT BEACH, CA-The complex, known as Vintage View, has been sold for $18 million. The deal comes as demand has set the Inland Empire apartment market on fire. The market is being driven mainly by strong population and job growth.
ORANGE COUNTY, CA-Colliers Seeley International's Anaheim office has announced the sales of three separate industrial buildings in Orange County. The facilities, which are located in Brea, Orange and Santa Fe Springs, total 31,915 sf.
NEWPORT BEACH, CA-The locally-based company has sold the 27,603-sf facility to a company specializing in the installation and engineering of telecommunications equipment. The Inland Empire continues to attract industrial tenants, even in the face of a sluggish economy.
NEWPORT BEACH, CA-The locally-based company has sold the 27,603-sf facility to a company specializing in the installation and engineering of telecommunications equipment. The Inland Empire continues to attract industrial tenants, even in the face of a sluggish economy.
LOS ANGELES-The company, Lereta Corp., has inked a 10-year deal for 35,000 sf in the San Gabriel Valley Corporate Center. The deal has occurred as the LA County Environmental Services has signed a 10-year lease to occupy 77,000 sf in the complex.
LOS ANGELES-The project's ground-breaking will commence on Monday, Aug. 27. Known as MC&C Commerce Center, the 500,000-sf industrial facility will rise on a 20-acre site. Completion is slated for spring 2002.
HUNTINGON BEACH, CA-The agreement, which was signed by the City of Huntington Beach and AES Corp. will allow for the operation of two power-generating units that have sat idle since 1995.
TORRANCE, CA-The project, which is slated for a September ground-breaking, will add five three-story buildings to the Toyota Motor Sales headquarters in Torrance. The expansion will encompass 625,000 sf that will house Toyota's Customer Service and Financial Services division.