LOS ANGELES-While vacancies in some other Westside buildings rise, a development in Culver City lands three new tenants and now is almost fully leased.
ORANGE COUNTY-A Newport Beach-based developer has acquired the 237,369-sf San Juan Capistrano Business Park for $22.7 million. The new owner may sell off some of the complex's 16 buildings.
LOS ANGELES-A massive rehabilitation project, which entails the addition of 15,000 sf, has begun at Kilroy's office property in El Segundo. The REIT aims to reposition the 39-year-old office building as a Class A property.
CITY OF INDUSTRY, CA-As LA's industrial market continues to tighten, a local investment company has acquired a 164,760-sf industrial building in the City of Industry's Plantation business park.
LOS ANGELES-Insurer signs $50-million lease to move North American headquarters to Burbank Empire Center and will relocate there when the building is finished in the spring of 2002.