LOS ANGELES-Locally based Manning & Marder, Kass, Ellrod, Ramirez LLP sign on for some very plush space in a Downtown office building. The law firm inked a 10-year, $13.5-million lease for 47,272 sf on three contiguous floors.
LOS ANGELES-The units are part of a single apartment complex in Palm Desert that was 95% occupied at the time of sale. The transaction is the latest in a string of multifamily deals involving locally based investors.
LOS ANGELES-A 75-room Best Western motel changed hands recently at a price equal to $63,800 per unit. The offer was made, negotiated, countered and closed in a little more than 60 days, says Irwin Woldman, a Grubb & Ellis broker who worked on the deal.
ORANGE COUNTY, CA-Colliers Seeley International's Anaheim office has completed the sale of a Rowland Heights' shopping center. The property was 100% leased at the time of sale.
LOS ANGELES-The locally based marketer of weight-management, nutritional and personal care products has inked an 82,471-sf renewal lease for a mixed-use facility in Carson. The five-year deal is valued at approximately $3 million.
LOS ANGELES-A locally based LLC sold the 129-unit complex to an LA-based partnership. The property, built in 1965, was 95% occupied at the time of sale.
LOS ANGELES-The eyewear company has signed a lease for 58,181 sf of office space at San Dimas' Via Verde Corporate Plaza. Bausch & Lomb will consolidate its Irvine and Claremont operations.
COSTA MESA, CA-Vista Hills Apartments, built in 1978, was 97% occupied at the time of sale. A dearth of buildable lots and the increase in population is keeping apartment vacancy levels low, rents high and the market active.
NEWPORT BEACH-The locally based REIT will pay the sum on June 20 to shareholders of record by June 18. In March, Pacific said it would be acquired for $143 million by Prudential Real Estate Investors.
LOS ANGELES-Frenkel of California Inc. is the second tenant to sign on at Ernst & Young Plaza in the last month. In May, Lockton Insurance Brokers inked a 10-year renewal lease for 47,984 sf at the TrizecHahn building.