LOS ANGELES-Two private investors agree to pay $3.5 million for historic but shopworn Raymond Theater in Pasadena and plan to turn it into a live playhouse. Current owner wanted to convert it into shops and office space.
ORANGE COUNTY, CA-The company, which signed up more than 35,000 businesses for its wireless communications services, has notified several California property owners and businesses that service will end June 25. Other regions may also be affected.
LOS ANGELES-Tadea-Huntleigh Inc. signs a $2.5-million lease for 40,000 sf of flex-tech space in Chatsworth. The maker of precision instruments will relocate 80 workers from Canoga Park.
ORANGE COUNTY, CA-An environmental group says Irvine's City Council failed to properly evaluate impact of Irvine Co.'s plan to build 10.2 million sf of office and biotech space on land previously zoned for agricultural and industrial use.
LOS ANGELES-Local chapter of Commercial Real Estate Women cites projects by Ratkovich Co., MacFarlane Partners and TrizecHahn for helping to revitalize the city and its suburbs. The awards will be handed out tonight at downtown's Regal Biltmore Hotel.
LOS ANGELES-Privately held Steadfast Lakeview Terrace pays $7.3 million to an affiliate of Spieker Cos. for 128-unit apartment complex in the San Fernando Valley community of Pacoima.
ORANGE COUNTY, CA-Blue Chip forecasters say soaring utility bills and dot-com layoffs are hurting California, but that won't be enough to KO the national economy.
LOS ANGELES-The manufacturer of paper products and building material signs five-year, $3.9-million lease for 145,000 sf of industrial space at Majestic/AMB Pico Rivera Business Center.
LOS ANGELES-Building owners and manufacturers here will be among the first to receive sophisticated utility meters designed to manage power use more efficiently, Governor Davis says.
ORANGE COUNTY, CA-Private developer Tim Strader Sr. and his partners win the planning commission's approval to build a 10-story office tower in Newport Beach. Under a new law, the project now also needs to win a public vote.