LOS ANGELES-The TrizecHahn mixed-use project in the heart of historic Pasadena features 565,000 sf of retail and entertainment space and 387 upscale residential units. The retail and entertainment space is already 90% committed.
LOS ANGELES-The build-to-suit headquarters and distribution facility will encompass 138,000-sf, enabling Industrial Metal Supply Co. to more than double its plant capacity. It will rise on a 5.3-acre parcel at 8300 San Fernando Rd. and will include 20,000 sf of mezzanine office space and 118,000-sf of warehouse space.
SANTA ANA, CA-The real estate operating company purchased the retail complex for $8.1 million in November 1998. Passco added significant improvements to the site, including the construction of a 5,200-sf Hollywood Video retail store and a 2,500-sf Jack in the Box restaurant.
LOS ANGELES-The Palo Alto-based company has already occupied the 12,960-sf office space, which is double the size of its previous location, a 5,000-sf space. The 5-year lease is valued at more than $2 million.
LAGUNA NIGUEL, CA-Locally-based Berkshire Development has paid $17 million for a Rancho Cucamonga industrial site, in a deal that closed this week. The facility is occupied by 47 tenants.
HUNTINGTON BEACH, CA-The two facilities, which encompass 30,768 sf, have been snapped up by Jeff Grand Partners. Jeff Grand Partners has scooped up these two facilities after dumping a Huntington Beach industrial property last month.
SANTA ANA, CA-Funds from the $5-million participating note program will be used to acquire additional income properties in California. The properties will then be resold in fractional interests to investors looking to complete 1031 exchanges.
NEWPORT BEACH, CA-The locally based company cuts ribbon on $3.9-million storage facility along the San Gabriel River, as part of its strategy to expand operations into the self-storage business. Similar projects are planned for Huntington Beach and Rialto.
LOS ANGELES-The Glendale Redevelopment Agency has unanimously approved the development plan, devised by Caruso Affiliated Holdings, for the $100-million Town Center project. Its approval means the next phase, the EIR process, can now commence.
LOS ANGELES-A principal of Entertainment Lighting Services has scooped up a 69,582-sf industrial building and an adjacent parcel of land in Sun Valley. The acquisition will allow the company to expand its headquarters, which will be located at the recently purchased site.