LOS ANGELES-The 317-unit luxury multifamily development was severely damaged by the 1994 Northridge earthquake. The loan will pay for major repairs that were made to the cooperative development.
SANTA ANA, CA-The Mexican state is the most recent occupant of the international business center. Ten Mexican states already occupy the center, which was opened by Mexican President Vicente Fox in March.
LOS ANGELES-A company planning a 240,000 sf industrial park acquires the 10.5-acre property in Vernon. Demolition has begun for the three-building project, which is scheduled for delivery in the first quarter of 2002.
ORANGE COUNTY, CA-The motorcycle giant signs $4.8-million lease for 175,300 sf of warehouse space in Ontario, leaving its old Irvine digs in the dust. Separately, a toy and novelty company announces move into the Panattoni Development complex too.
ORANGE COUNTY, CA-Dayle McIntosh Center for the Disabled signs seven-year lease valued at $1.5 million for 20,460 sf of office space and will relocate from Anaheim.
ANAHEIM, CA-The fast food chain, which consists of 125 restaurants, has been sold by locally based CKE Restaurants Inc. for more than $72 million. CKE has slowly been shedding its assets since November 1999, in order to raise cash to pay off its debts.
LOS ANGELES-Construction has begun on the $40-million project, which will encompass 216,000 sf when completed. El Segundo's office market continues to attract tenants, especially those companies that have fled from the higher rents of nearby West LA.
TUSTIN, CA-The 21,479-sf facility has changed hands in a 1031 exchange. According to area brokers, local investors and 1031 buyers are stepping up to the plate in the Southland's office market.
ALISO VIEJO, CA-The pharmaceutical company has signed a $1 million, five-year lease for 10,400-sf of office space at Aliso Viejo Town Center Corporate Park. It will serve as the Western Regional Sales Office for the company.