IRVINE, CA-The Irvine-based company, Aslan Realty Group, has paid $6.5 million for the property. Local investors continue to buy up multifamily property in the Inland Empire, as this is one of the fastest growing regions in Southern California.
ANAHEIM, CA-The shopping complex, known as Katella Center, encompasses 31,411 sf. It has been sold by Independent Development Co. The transaction follows the recent sale of a retail complex in Santa Ana. The property was sold to T & N Tustin Investments Inc. for $3.3 million.
WHITTIER, CA-The Whittier-based construction company is building a 168,000-sf warehouse addition for Footstar, the national footwear retailer. It will rise in Mira Loma, adjacent to Footstar's existing 350,000-sf facility.
LOS ANGELES-The building was acquired by an industrial investment group that resigned the existing tenant for an additional 15 years. The seller was San Francisco-based Catellus Development Corp.
SANTA ANA, CA-The two industrial buildings, which are located in Nevada, encompass a total of 181,974 sf. The buyer, Triple Net Properties LLC, will add the properties to its diversified portfolio.
SANTA ANA, CA-The California company has acquired a 113,000-sf Santa Ana office building, which is known for its rooftop time and temperature sign. The property underwent a $600,000 renovation before it was sold.
LOS ANGELES- Coogi Australian Inc. inks a lease to occupy 40,000 sf in a Santa Clarita industrial facility. Vacancy rates countywide continue to hit low single digits, as there is little room for new development in LA's tight industrial market.
ORANGE, CA-The U.S. General Services Administration renews its lease in Centrum North, which is owned by CRC Real Estate Corp. The GSA occupies just under 18,000 sf in the building, which is located at 1120 W. La Veta.
IRVINE, CA-The 61,366-sf facility was 100% leased at the time of sale. The deal has occurred as Pacific Life & Annuity Co. has announced it will move its Group Insurance Division to Irvine in 2002.
LOS ANGELES-The two companies had been negotiating to create a joint venture, but the talks have been suspended indefinitely, according to a recent announcement by TrizecHahn.