LOS ANGELES-The 100% occupied office complex sells to two limited liability corporations. The seller, Newport Beach-based CT Realty Corp., acquired the office complex in November 1999 from the Government of Singapore.
LOS ANGELES-A Tujunga-based developer of self-storage facilities has pays $1.2 million for a 70,000-sf parcel in Van Nuys. The company plans to build a 104,000-sf self-storage facility on the site.
IRVINE, CA-Pepper Construction, a Chicago-based general contracting firm, has signed a renewal lease for 18,000 sf of industrial space. The local property houses the company's West Coast regional headquarters.
ANAHEIM, CA-The O'Donnell Group of Newport Beach recently broke ground on the facility, to be known as Anaheim Gateway. It one of several to spring up recently in the county's tight industrial market.
ORANGE, CA-A manufacturer of video products has inked a 10-year lease here for 57,636 sf of industrial space. The company will move its headquarters and manufacturing operations to the site.
LAGUNA BEACH-A measure raising the bed tax at all 26 Laguna Beach hotels has been approved. The ordinance, which will go into effect on July 1, will raise the bed tax from 10% to 12%.
LOS ANGELES-The proposed 1.2-million-sf mixed-use development in North Hollywood is moving closer to reality, as the project's developer has secured entitlements and is in final negotiations with the Community Redevelopment Agency.
LOS ANGELES-A 15,000-sf industrial building has been sold for $1 million to a jewelry manufacturer. The company will relocate to the facility from a nearby site.
LOS ANGELE-Continental Development Corp. has begun construction on a 23,986-sf low-rise office project in Hawthorne. It is the second office project that the developer has begun building in the last week.