LOS ANGELES-Business is booming at the recently opened Chesterfield Square, in the heart of long-neglected South-Central LA, even as some suburban malls sing the holiday sales blues.
LOS ANGELES-Shandwick USA takes additional 5,927 sf at 1888 Century Park East in Century City, raising occupancy to 40,062 sf. Sources say the three-year deal is worth about $4.5 million.
LOS ANGELES-About $260 million of the money would be spent on road and rail projects in Southern California. State Transportation Commission expects to approve a final package by the spring.
WESTLAKE VILLAGE, CA-The private investment and management firm from Santa Barbara sells the 41,397-sf property to Duesenberg Investment Co., which also recently made a $20-million purchase in the same market.
LOS ANGELES-Morgan Realty agrees to buy eight-acre parcel next to Southern California Institute of Architecture to build live-work condos. The for-sale project would be unusual for CBD, where most developments are geared toward renters instead.
SAN FERNANDO, CA-Acey Decy, which services the entertainment industry, buys a 58,000-sf industrial building here and will move its 40 workers from North Hollywood next month. The deal reflects a growing appetite for space-users in the area to own rather than rent.
SAN FERNANDO, CA-Acey Decy, which services the entertainment industry, buys a 58,000-sf industrial building here and will move its 40 workers from North Hollywood next month. The deal reflects a growing appetite for space-users in the area to own rather than rent.
LOS ANGELES-City Council wants hard-hit firms inside LA International Airport to continue getting financial aid in wake of Sept. 11 attacks. Current rent concessions are set to expire Dec. 31.
GLENDALE, CA-Apartment owners here draft a proposal that would make residential rental contracts work much like office leases. The plan could be presented to 4,000 local owners within days.
LOS ANGELES-A logistics firm leases 103,185 sf of industrial space for $6 million in Carson, while a family trust pays $1.5 million for a 28,800-sf building in neighboring Rancho Dominguez.