LOS ANGELES-The 79,875-sf complex has fetched $5.4 million, as the county's industrial market continues to tighten. As investors scramble to scoop up available properties, developers are jumping to bring new industrial projects online
BREA, CA-The 50,400-sf facility has been snatched up by a limited liability corporation as the county's industrial market continues to be tight. This deal comes on the heels of a $2.8 million sale in Anaheim.
COSTA MESA, CA-Pacific Communications signs an estimated $4 million renewal and expansion deal for 26,700 sf at McCarthy Cook's 12-story, 241,000-sf office building in Costa Mesa.
LOS ANGELES-Urban Pacific Builders has announced plans to develop the 221-unit housing component of Long Beach's City Place project, as well as 124 live/work loft spaces in Downtown Los Angeles.
LOS ANGELES-A trust has purchased a three-story Ventura office building for $3.3 million. Major tenants in the 34,008-sf facility include the Santa Barbara Bank & Trust, the County of Ventura and the law firm of Beach, Proctor, McCarty and Slaughter.
LOS ANGELES-Buoyed by this city's plans to create a sports and entertainment district Downtown, Palm Restaurant has leased 13,500 sf in the Toy Center Building and plans to open a new restaurant there by January 2002.
SANTA ANA, CA-Although financial terms of the deal were not disclosed, projected revenue for the enlarged surveying firm is expected to exceed $13 million over the next year.
NEWPORT BEACH, CA-The locally based developer says it will expand the 110,200-sf business park to encompass 750,000 sf of office, retail and flex space. The completed 46-acre project has a projected value of more than $100 million.
LOS ANGELES-The center, which encompasses 157,049 sf, was 90% occupied at the time of sale. Sales activity in the county's retail market has cooled somewhat in recent months.
ALISO VIEJO, CA-The 600-megawatt plant will be connected to the US electric grid, providing power for energy-starved California. Known as Termoelectrica de Mexicali, the $350 million plant will rise in Mexicali, Baja California.