LOS ANGELES-A fully leased, 85,300-sf office building in Monterey Park office has changed hands. The buyer is a private investment group. The transaction was a 1031 exchange.
NEWPORT BEACH, CA-Newport Beach-based Clark Management & Development has tilted the walls on two Santa Fe Springs industrial buildings totaling 63,000 sf. Completion is set for August.
LOS ANGELES-Pivotal Century Plaza Hotel LLC spends $70 million on the Century Plaza Hotel and another $40 million Saint Regis, neighboring hotels fronting the Avenue of the Stars. "We have created an urban resort," says company founder Francis Najafi.
LOS ANGELES-Pivotal Century Plaza Hotel LLC spends $70 million on the Century Plaza Hotel and another $40 million Saint Regis, neighboring hotels fronting the Avenue of the Stars. "We have created an urban resort," says company founder Francis Najafi.
LOS ANGELES-Systems company L-3 Communications signs five-year, $2.5-million contract for manufacturing and office space inside Watson Land Co.'s Dominguez Technology Center. The company plans more than $1 million in interior improvements to its new building.
COSTA MESA, CA-The county's industrial market continues to tighten. A Mission Hills-based real estate investor has snatched up a 32,850-sf industrial building in Costa Mesa. The current tenant, a manufacturer of printed circuit boards, has signed a new 10-year commitment.
ANAHEIM, CA-Following an alleged sexual assault, all six of Westview Services Inc.'s residential facilities for the developmentally disabled will be shut down or sold off by the end of June.
IRVINE, CA-The locally based developer of wireless, broadband and LAN networking solutions has secured a 120,200-sf mixed-use building in Irvine for its assembly operations and corporate offices.
EL SEGUNDO, CA-The national supplier of business-to-business information technology equipment, office products and professional services had previously sublet space in the 1.54-million-sf development.
ANAHEIM, CA-Due to high natural gas prices, Anaheim Mills Corp., a locally based textile dyer, has ceased operations, resulting in 120 lost jobs. Other textile firms also have cut back operations.