LOS ANGELES-Law firm of Luce, Forward, Hamilton & Scripps is chosen to help with the city revenue-bond offering. Proceeds will be used to build 118 units of senior housing and renovate an apartment complex for low-income families.
LOS ANGELES-The City approves $9.5 million in concessions for businesses inside LAX, where receipts have been pummeled by the drop in air travel and new security measures. Retailers welcome the help, but some say it isn't enough.
LOS ANGELES-Some experts fear Sunday's $50-billion bankruptcy filing by energy giant Enron Corp. could lead to new round of power outages here and in other parts of the West.
LOS ANGELES-Privately held Brentwood Holdings Partners acquires the 54-unit Hollywood Vista Apartments, as multifamily investment continues to be a bright spot in an otherwise lackluster market.
LOS ANGELES-The state-run bank will take the entire 39th floor at Downtown's Citibank Center, part of its mission to help Chinese companies do more business here and promote additional US investment overseas.
LOS ANGELES-The San Francisco-based REIT acquires the 850,000-sf Ford Distribution Center, a few miles east of Downtown. The 48.7-acre project is 95% leased, better than the countywide average of 93.5%.
LOS ANGELES-The 400,000-sf Montgomery Plaza in Albuquerque, NM was listed with the local Cushman & Wakefield office. It was built in 1972, when the city's population was just a fraction of what it is now.
NORTH HOLLYWOOD, CA-Valley Cash and Carry signs five-year lease valued at $1.7 million and plans to use the industrial building as the site for a wholesale grocery business.
LOS ANGELES-New Census Bureau report says the percentage of renters here is climbing, bucking the nationwide trend. The study suggests the area could remain a hot market for multifamily investments for years to come.
LOS ANGELES-Marcus & Millichap says a slowing economy and a glut of new retail construction will push the county's vacancy rate higher in 2002 while keeping a lid on rents.