BURBANK, CA-A software firm has purchased a 72,000-sf building in the Burbank area for nearly $10.7 million, a signal that small and mid-size investors have faith that property values and rents will go up.
LOS ANGELES-A transportation and logistics firm takes 305,000 sf in $22-million South Bay deal, while clothier sews up 123,445 sf in $7-million Vernon lease. County's already low vacancy factor seems to have no place to go but down.
LOS ANGELES-Though no blockbuster sales have been announced in the office market lately, several smaller properties changed hands. Many brokers say this signals continued confidence in the region's real estate market.
LOS ANGELES-Planning Commission rejects union-backed plan that would essentially outlaw stores such as Wal-Mart and K-mart from competing with unionized grocers. Measure could still be revived, but passage would be more difficult.
LOS ANGELES-Lawmakers are putting the finishing touches on a controversial plan that would essentially give the state stock options in the two big utilities. Separately, Fed Chairman Greenspan says California's troubles could threaten the economic health of the entire country.
LOS ANGELES-The fast-growing retailer, considered by some as the Latino version of Wal-Mart, signs $23.8-million lease to open yet another big store. Firm's rapid expansion contrasts with recent problems suffered by those who could not attract more minority customers.
