LOS ANGELES-SCAG's Transportation Committee has predicted that passenger traffic at a handful of Southland airports will significantly increase by the year 2025, if the agency's anti-LAX expansion plan is implemented.
LOS ANGELES-CT Realty has acquired a three-acre El Segundo site, along with a 39,000-sf industrial facility located there, for $4 million. The Newport Beach developer plans to build an office building on the property.
LOS ANGELES-New agreement between brokerage firm and dot-com provides 1,500 CB Richard Ellis brokers with expanded database access, other online services.
LOS ANGELES-County officials have voted down a pro-LAX expansion plan by a margin of 2-1, in favor of a plan that would shift airport growth to neighboring counties.
ORANGE COUNTY-The Newport Beach-based developer, Western Realco and investment partner, Cigna Insurance, have sold two Fontana industrial buildings, totaling 465,000 sf, as industrial deals continue to fly in the Southland.
LOS ANGELES-Brokers tell GlobeSt.com that group advised by J.P. Morgan Chase is offering more than $240 million for the landmark Santa Monica office complex. Owner confirms interest from several parties, but wants to keep options open.