BEVERLY HILLS, CA-The company enters a joint venture with Mitsubishi to develop residential condominiums in central Tokyo. The project would start next year and be completed in the spring of 2004.
LOS ANGELES, CA-Formerly with Cushman & Wakefield, Pellerito moves to Julien J. Studley Inc.'s Downtown L.A. office as senior managing director. Studley has been courting him "for quite some time.
GLENDALE, CA-Former Spieker REIT executive Joseph D. Russell Jr. has joined the company as president, reporting to Ron Havner, chairman and chief executive officer of the Glendale-based office and industrial REIT.
LAGUNA BEACH, CA-Senior Care Industries Inc. says it will join other OTC companies in a lawsuit against naked short sellers driving down the company's stock price.
TEMECULA, CA-The lender on the 12-year-old, 143,375-sf neighborhood center is ING Investment Management. The term was 25 years. The center is 96% leased.
CANOGA PARK, CA-Recent renovations and the upside potential from existing below-market rents were keys to this deal for 135 units in at the Parthenia Plaza and Parthenia Court Apartments in the San Fernando Valley.
BEVERLY HILLS, CA-Eight accountants from Big Four firms form a new West Coast office of national CPA firm Rothstein, Kass & Co. that will focus on assisting real estate companies.
CHINO HILLS, CA-City officials say the 240-unit luxury complex being developed on 11 acres along Chino Hills Parkway is the first new apartment development in the city since its incorporation in 1991.
SUN VALLEY, CA-Industrial Metal Supply Co.'s new headquarters is a 138,000-sf build-to-suit that occupies a 5.3-acre site near Interstate 5 in this Los Angeles suburb. The company relocated from Burbank.
MORENO VALLEY, CA-The deal reflects the rising values in the Southern California apartment market: The 76-unit Palm Terrace complex was marketed for $3.8 million a year ago but didn't sell at that price.