LOS ANGELES-A locally based LLC sold the 129-unit complex to an LA-based partnership. The property, built in 1965, was 95% occupied at the time of sale.
LOS ANGELES-The eyewear company has signed a lease for 58,181 sf of office space at San Dimas' Via Verde Corporate Plaza. Bausch & Lomb will consolidate its Irvine and Claremont operations.
COSTA MESA, CA-Vista Hills Apartments, built in 1978, was 97% occupied at the time of sale. A dearth of buildable lots and the increase in population is keeping apartment vacancy levels low, rents high and the market active.
NEWPORT BEACH-The locally based REIT will pay the sum on June 20 to shareholders of record by June 18. In March, Pacific said it would be acquired for $143 million by Prudential Real Estate Investors.
LOS ANGELES-Frenkel of California Inc. is the second tenant to sign on at Ernst & Young Plaza in the last month. In May, Lockton Insurance Brokers inked a 10-year renewal lease for 47,984 sf at the TrizecHahn building.
LOS ANGELES-The Great American Insurance Co. has sold a 24-acre industrial property in Camarillo. The buyer plans to further develop the property by expanding a 113,000-sf building that currently stands on the parcel.
NEWPORT BEACH, CA-Nike Inc. will open up two women's only stores within the year. The first shop is slated for Newport Beach's Fashion Island. The second will be located in Los Angeles' The Grove at Farmer's Market.
SANTA ANA, CA-Fremont-based P.J. Livingston & Co. is the buyer of the year-old building, which is fully leased to multiple tenants. The sellers were Werdin Corp and LNR Property Corp.
LOS ANGELES-The 36,000-sf flex-tech space will be home this fall to Laundry By Shelli Segal, a designer of women's wear. The space will house Laundry's corporate headquarters.
LOS ANGELES-L.J. Melody & Co. arranged financing for the 95% occupied, 93,800-sf office building. The State of California is one of the major tenants in the facility.