COACHELLA, CA-The Augustine Band of Cahuilla Mission Indians signs deal with Paragon Gaming of Las Vegas to build a 13-acre gaming complex on its 502-acre Inland Empire reservation. The tiny tribe has only one adult member.
LOS ANGELES-A development team headed by billionaires Philip Anschutz and Rupert Murdoch needs approval for a $1-billion Downtown project by next week. A key committee vote was postponed on Tuesday after newspaper scribes complained agenda was posted on the Internet but not on old-fashion bulletin boards.
LOS ANGELES-Insurance and consulting giant Aon Corp. signs 94,101-sf office pact, nearly doubling the size of its regional headquarters in 707 Wilshire Building. Deal is the latest in a string of transactions to benefit the CBD.
LOS ANGELES-Sources tell GlobeSt.com that Trammell Crow will demolish the Shubert Theater and the rest of the ABC Entertainment Center, perhaps as early as next year. Buildings will be replaced with two office towers and retail space.
LOS ANGELES-Team of Hanover Financial, Upside Investment pays $9.5 million for 143 units in two separate apartment complexes. The area is beginning to see a fresh round of activity from offshore and US investors alike.
EL SEGUNDO, CA-The satellite entertainment giant renews and expands its headquarters space in this LA suburb. The deal eases concerns that the company may be moved if it's acquired by either of its current suitors.
ANAHEIM, CA-The three small industrial projects are purchased by separate private investors. Deals reflect rising interest from mom-and-pop buyers, even as many big real estate players stay on the sidelines.
CANOGA PARK, CA-A subsidiary of San Diego-based Davlyn Investments acquires 102-unit complex on Sherman Way. Vacancies in the area are in low single digits, as construction still badly lags demand.
LOS ANGELES-Mellon Financial takes 44,000 to expand at its namesake office building and legal powerhouse O'Melveny & Myers takes 30,500 more. The Downtown tower is now fully occupied, even though the surrounding market is still 20% vacant.