NEWPORT BEACH, CA-Layton-Belling & Associates forms the LBA Industrial Fund I with institutional and other investors. The company has bought two assets for $32 million already and is targeting properties throughout Southern California over the next 18 months.
LOS ANGELES-Beacon Capital Partners buys the 55-story skyscraper in Downtown Los Angeles, which was on the market for some time by Metropolitan Life Insurance Co. The skyscraper, built in 1974, is more than 90% occupied.
IRVINE, CA-Mortgage company BNC Inc. will relocate to a class A high-rise at John Wayne airport in the largest class A lease in the airport market this year.
IRVINE, CA-Taiwanese firm Ace Antenna Co. buys the year-old, 11,000-sf building in Allred Business Center, where it will move from Chatsworth, Calif. Prior to the sale, the builidng was on the lease market for several months.
LOS ANGELES, CA-A new report says rents "have resumed their upward climb" in Los Angeles county, rising 1.2% from March, while Orange County lags and the Inland Empire shines.
AGOURA HILLS, CA-Silagi Development finishes work on its 93,000-sf Agoura Hills Gateway, which is among the region's largest spec office projects in 10 years.
FULLERTON, CA-The distributor of Mexican foods, moving from Cerritos, Calif., signs a five-year, $1.169 million lease for industrial space on North Gilbert Street.
SANTA FE SPRINGS, CA-A Newport Beach, Calif.-based partnership that includes AEW Capital Management buys the 457,521-sf combination industrial and office park from Town Center Associates.