LOS ANGELES-Yusen Air & Sea Service Ltd. moves into $4-million distribution and office complex on 190th and South Harborgate. Area's proximity to ports, highways and LAX is drawing more companies involved in the transportation and shipping industry.
SIMI VALLEY, CA-The Internet-related company takes 136,000 sf of office space formerly occupied by Nortel. Deal bucks recent trend of consolidation in the technology industry.
LOS ANGELES-Forest City buys pension fund's 50% stake in trendy Galleria at South Bay for about $60 million, while Pacific Coast Capital pays estimated $108 million for 500,000-sf complex in Torrance.
BEVERLY HILLS, CA-The thinly traded health-care REIT is taken private by its two top executives after their offer was raised to $13 a share last week. Deal is valued at about $30 million.
LOS ANGELES-The online real estate company's shares fall another 5% after Homestore issues earnings a warning and announces plans to lay off 700 workers. The firm had been among the few to survive the high-tech meltdown that began last year.
MONTEREY PARK, CA-A private partnership acquires the 89,535-sf office building in the West San Gabriel Valley. The complex is near the data center that Union Bank itself repurchased for nearly $50 million earlier this year.
LOS ANGELES-Oaktree Capital Management signs $5.4-million lease for an additional 25,000 sf of office space at Wells Fargo Center. The deal is latest sign to mark the comeback in the CBD, where vacancies have dropped to a 10-year low.
CERRITOS, CA-Triple A Containers, one of the nation's largest manufacturers of corrugated cartons, signs 10-year deal for 109,000 sf of industrial space in Cerritos. The area's vacancy factor has remained stable while other Southland markets rise.
LOS ANGELES-Oaktree Capital Management signs $5.4-million lease for an additional 25,000 sf of office space at Wells Fargo Center. The deal is latest sign to mark the comeback in the CBD, where vacancies have dropped to a 10-year low.