ENCINO, CA-Glenborough Realty Trust acquires First Financial Plaza, a six-story, 223,000-sf multi-tenant office building with a four-level parking garage in Encino, Calif.
LOS ANGELES-Locally based BentleyForbes acquires the 412,580-sf regional headquarters and distribution center of The Scotts Co., the lawn and garden products behemoth.
CARSON, CA-ABB Inc., a electrical transformer manufacturer, signs a $1 million lease for space in Watson Industrial Center South from Watson Land Co., one of the largest developers of master planned industrial centers in Los Angeles County.
NORTHRIDGE, CA-Union Bank of California has leased office space at 9100-9110 Tampa Ave. from Franson & Horowitz. The value of the seven-year lease is in excess of $1.1 million.
LOS ANGELES-Colonies Crossroads Inc. says its 110-acre retail project in Upland, Calif., has lured Target, Kohl's and Chick's, all of which have signed letters of intent to open stores in the 1.1-million-sf development.
FRESNO, CA-The two properties are the 38,000-sf Hoover Marketplace, which sold for $6.3 million, and the Northern Village site of 30,706 sf, which sold for $4.1 million.
LAGUNA NIGUEL, CA-Coldwell Banker Residential has leased 6,500 sf of retail space here for a residential brokerage office. The five-year lease was valued at a little over $1 million.
LOS ANGELES-One of the nation's premier commercial real estate developers has acquired its partner's interest in the 1.3-million-sf Library Tower in downtown Los Angeles. The 1,017-foot-tall, 73-story building is one of the tallest on the West Coast.
TEJON RANCH, CA-The 15-year deal is for half of a 650,909-sf industrial building developed by DP Partners and Tejon Industrial Corp. In three years, Tejon Ranch Co. has been able to build out 165 of the 350 acres at its Tejon Industrial Complex.
CALABASAS, CA-Pain Net Inc. has signed a 60-month lease to occupy office space at 23975 Park Sorrento here. Consideration for the property was in excess of $1 million