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SAN DIMAS, CA-Come May, Technip USA, which designs refineries and other industrial plants, heads to Claremont from the San Gabriel Valley community of San Dimas. The deal is 10 years and 79,800 sf of office space.
LOS ANGELES-The new mayor wants to stop key components of airport's planned expansion, saying resources instead should be spent on improving security. Off-site parking would be expanded, but a sorely needed new terminal and gates would be scuttled.
SAN PEDRO, CA-An affiliate of Boston-based State Street Research acquires a planned two million-sf South Bay complex, shrugging off fears of SoCal's economic slowdown. Brokers hope the deal marks an impending turnaround of the market's fortunes.
LA HABRA, CA-The vacant, 50,000-sf office building here is part of a mixed-use complex the investment and development company recently acquired from HMO Friendly Hills Medical Group. Options for the rest of the property are being studied.
LOS ANGELES-Sempra Energy and CMS Energy would build the natural gas facility about 60 miles south of San Diego. The plan marks Mexico's growing importance in US efforts to ease the West's power crisis.
ANAHEIM, CA-Standard & Poor's says sudden drop in travel to this tourism Mecca could jeopardize the city's ability to pay municipal bondholders. Move is latest sign that impact of last month's terrorist attacks is rippling across nation's economy.
LOS ANGELES-The CBD's vacancy factor has dropped to 15.8% from 17% at mid-year, C&W says, as low rates continue to lure price-conscious tenants. Vacancies on tech-heavy Westside surge.
LOS ANGELES-An estimated 40% of hotel workers here have already lost their jobs or had their hours cut in the wake of the Sept. 11 tragedy, Convention Center and unions reps say. Travel spending will drop by $2 billion over the next nine months.
ANAHEIM, CA-Standard & Poor's says sudden drop in travel to this tourism Mecca could jeopardize the city's ability to pay municipal bondholders. Move is latest sign that impact of last month's terrorist attacks is rippling across nation's economy.
PALO ALTO, CA-Though the Sept. 11 tragedy will worsen current downturn, Marcus & Millichap says it won't undermine long-term attractiveness of real estate investments. Fed's rate cuts, other factors will lead to robust rebound in 2002.