LOS ANGELES-State Farm signs three-year lease renewal for 15,350 sf of office space at one of Arden Realty's buildings in a deal valued at $1.34 million.
LOS ANGELES-Robert Pernell says he will recommend that plans for the 53-megawatt plant be rejected by the full Energy Commission, noting neighborhood opposition and air-quality concerns.
LOS ANGELES-Robert Pernell says he will recommend that plans for the 53-megawatt plant be rejected by the full Energy Commission, noting neighborhood opposition and air-quality concerns.
ORANGE COUNTY, CA-Michael D. McKee, the development giant's current vice-chair, is elevated to newly created position of COO by owner Donald Bren. Move may ensure orderly transition when Bren eventually retires.
LOS ANGELES-Developer of the ambitious, 1,087-acre Westside project signs up several builders to construct more than $500 million worth of apartments, condos and single-family houses. First commercial development also is under way.
LOS ANGELES-Specialty Surgical leases 12,578 sf of office space for 10 years at Encino Executive Plaza. Encino, as well as neighboring Sherman Oaks and Woodland Hills, command some of the highest rents in the San Fernando Valley.
ORANGE COUNTY, CA-Once a leading manufacturer of printers, the company's local plant is shuttered by its Tokyo-based parent. Closure is blamed on weak PC sales and ongoing retrenchment of Japanese firms.
LOS ANGELES-A small real estate company takes a modest 1,100 sf inside Santa Monica Gateway, a nine-story building that has stood empty since the mid-1980s. Spieker Properties purchased the building as the dot-com boom began to peak about 18 months ago.
LOS ANGELES-Influential brokerage Credit Suisse First Boston raises recommendation on REIT Kilroy Realty to a buy from a hold, adding that the southern half of California is faring much better than the northern end.
ORANGE COUNTY, CA-Prandium Inc., owner of national Koo Koo Roo and Chi-Chi's chains, trims 40 more jobs and names it chairman to an additional post. The company recently told the SEC it might have to file for bankruptcy protection.