LOS ANGELES-Owners DivcoWest and Westbrook Partners have tentatively agreed to sell their 1901 Avenue of the Stars tower to Douglas Emmett Realty, brokers familiar with the deal tell GlobeSt.com. A formal announcement could come this week, if last-minute details and glitches are worked out.
WEST HOLLYWOOD, CA-City leaders, conservationists hail installation of first waterless toilets at a park and at City Hall. The pro-potty group hopes private building owners will follow their lead.
HUNTINGTON BEACH, CA-City Councilman Dave Garofalo improperly voted on more than 200 local issues, the Orange County district attorney's office says. Many of the questionable votes supported big real estate projects.
LOS ANGELES-A private investment group acquires 200-unit apartment complex in Desert Hot Springs. The deal is latest evidence that the Inland Empire market is heating up even though the regional economy is cooling.
LOS ANGELES-The corporate marriage instantly creates an undisputed leader in online listings of properties for sale or rent. The high-powered Web site will launch later this summer.
EL SEGUNDO, CA-In another sign of this LA submarket's strength, all 55,000 sf of space in an empty building originally designed as a tech incubator is instead scooped up by TRW Inc.
COSTA MESA, CA-Three of the projects are in Orange County and two are in LA. The deals cover a combined 780,000 sf of space. The others are in LA County, San Diego County and Sacramento.
EL SEGUNDO, CA-The San Francisco-based firm buys two office buildings in this LA submarket for more than $65 million. Some brokers say the area is cooling off, but others note that its rents are still rising.
COSTA MESA, CA-Three of the projects are in Orange County and two are in LA. The deals cover a combined 780,000 sf of space. The others are in LA County, San Diego County and Sacramento.
