NEWPORT BEACH, CA-Weakness still remains after this red-hot market cooled along with the economy, but a study by Marcus & Millichap shows "signs of recovery," including the prediction that vacancy rates should improve slightly in the next 12 months.
NEWPORT BEACH, CA- All 38 senior housing and long-term care facilities are located in Texas and were acquired in sale-leaseback deals from nursing and assisted living operations.
PASADENA, CA-Hosp, Gilbert, Bergsten & Phillips, which has been in its fourth-floor offices in the 11-story building for about seven years under a sublease agreement, sings on with the building owner for another six years and another 7,400 sf.
LOS ANGELES, CA-Something rare for Downtown Los Angeles: new, affordable apartments. Developer Global Investments plans to start building 350 units next year and complete the project in 2005.
PALM SPRINGS, CA-Millennium Housing and the city of Palm Springs devised a regulatory agreement stipulating that rent increases at the park will be limited to an amount sufficient to pay increased expenses, cover the debt service, and provide a small reserve fund.
LOS ANGELES, CA-With five of the 13 floors in the 1 million-sf gift mart building now 90% leased, California Market Center officials say, they expect to convert the remainder of the building to gift mart tenants at the rate of about three floors every six months.
LOS ANGELES, CA-An industrial portfolio of this size could easily command $230 million to $250 million at today's prices for comparable properties. The portfolio includes nearly 2 million sf in Los Angeles County.
LOS ANGELES, CA-The money is for a 209,000-sf office tower at 5933 W. Century Blvd., near the Los Angeles International Airport. The 22-story building was built in 1982 and has undergone several minor renovations since.
LOS ANGELES, CA-Genesis, an investor in commercial projects in the Los Angeles area, closes its second fund. The money is targeted for economic development in Los Angeles' poorest neighborhoods.
TUSTIN, CA-The grocery-anchored center attracted 20 prospective buyers, a number not unusual in today's investment climate. The buyer was Pan Pacific Retail Properties of Vista, Calif.