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PACOIMA, CA-A combined 87,250 sf of industrial space in this San Fernando Valley community is sold to separate buyers. One buyer is an auto-racing team.
ONTARIO, CA-Sporting goods retailer takes 326,000 sf of industrial space at Haven Gateway Centre here, clearing the way for construction to begin on the $55-million project's final phase. Development will have 1.5 million sf when finished next year.
ORANGE COUNTY, CA-The increase over the past nine months is ahead of inflation, a new report says, but not as large as rent hikes in neighboring LA and San Diego. Rents plunge 13% in San Jose and 8% in San Francisco.
CHATSWORTH, CA-Brendan Tours Inc. buys new headquarters building here and will relocate from its longtime home in Van Nuys. About 140 workers will be affected by the move.
LOS ANGELES-The real estate services firm wins contract at Downtown's 580,000-sf One Wilshire building. The highrise, purchased by Carlyle Group earlier this year for more than $100 million, is known as the 'mother of all telecom hotels.'
VENTURA, CA-The nationwide chain of copying and business-supply centers rejects incentives offered by local officials to stay. The move is expected to cost California more than 500 jobs.
SYLMAR, CA-Brooks Automation signs 10-year deal for 65,804 sf at Cascades Business Park. Though leasing activity in the area has stayed fairly strong, spate of new projects has pushed vacancy rates higher.
SAN BERNARDINO, CA-Individual investor Scott E. Clifton acquires 232-unit complex here, the latest in a string of local apartment sales. Brokers say rents in the area could climb 8% or more over the next year, as construction continues to lag demand.
LOS ANGELES-John and Marion Anderson, among this city's richest investors and philanthropists, acquire 478,000-sf AmFac Center office development on Oahu. Deal marks one of couple's first large-scale purchases outside Southern California.