ORANGE COUNTY, CA-A computer-training school and a communications company sign pacts worth a combined $4.1 million at Pacific Corporate Park. Brokers say the area, with a 16% vacancy office rate, appears to be strengthening.
LOS ANGELES-The insurance and financial-services giant signs five-year, $2.8-million lease for 15,092 sf at Wilshire Landmark II office project and will relocate from its longtime home in the Westside's Trident Center.
LOS ANGELES-Developers of a $1-billion-plus mixed-use project next to Staples Center have reached a compromise with homeowner groups, unions and environmentalists. The pact could lead to final approval from the City Council later this month.
ORANGE COUNTY, CA-The Irvine-based firm plans to re-open 20 more of its recently shuttered home improvement outlets as home-decor stores over the next two months. The first 17 converted outlets opened last weekend.
ORANGE COUNTY, CA-The local BOMA chapter will co-host daylong program and exhibit this Friday to help its members curb soaring energy bills and deal with threatened power blackouts.
LOS ANGELES-The President tells an angry governor that the feds won't limit prices energy providers can charge for power. Separately, a federal appeals court rejects an effort to force government intervention.
LOS ANGELES-Private investor pays $10.2 million for 52,000-sf medical office building in Pasadena, helping to keep local brokers busy while many big institutional buyers stay on the sidelines.
LOS ANGELES-Guardian Life Insurance Co. acquires 417,000-sf industrial building from Invesco Realty Advisors, marking the usually quiet Inland Empire's third major transaction in a week.
LOS ANGELES-Once a vibrant market for investors on the West Coast, the 102-year-old PSE succumbs to pressure from NASDAQ and the NYSE. "It's a sad, sad day," one LA trader laments.