LONG BEACH, CA-About 47,400 sf of the 129,000-sf Wrigley Marketplace shopping center was acquired by Larkey Trust for $7.5 million. The deal includes everything except the anchor stores of Albertson's and Sav-on.
SANTA MONICA, CA-The underwriters of the company's recent follow-on public offering have exercised in full their over-allotment option to purchase an additional 630,000 shares of the company's common stock.
NORCO, CA-A 19,860-sf industrial building located at the Norco Business Center here was purchased by David Hsu for $1.1 million. The seller was Norco Network.
LOS ANGELES-The publishing house giant Hachette Filipacchi Media has expanded its Los Angeles office across from the Wilshire Courtyard office complex. The company has signed a five-year, $1.6-million agreement for 12,500 sf.
HOLLYWOOD, CA-Under construction for more than three years, the 1.3-msf entertainment and retail space will serve as the new permanent home of the annual Academy Awards ceremony, set for March.
LOS ANGELES-The publishing house giant Hachette Filipacchi Media has expanded its Los Angeles office across from the Wilshire Courtyard office complex. The company has signed a five-year, $1.6-million agreement for 12,500 sf.
HOLLYWOOD, CA-Under construction for more than three years, the 1.3-msf entertainment and retail space will serve as the new permanent home of the annual Academy Awards ceremony, set for March.
LOS ANGELES-The law firm of Murchison & Cumming will remain at 801 S. Grand Ave. in downtown Los Angeles for the next 10 years after it renegotiated its existing lease with Shuwa Investments Corp.
MONTEBELLO, CA-Summit Builders of Phoenix, Ariz., recently broke ground adjacent the Montebello Country Club on Via San Clemente in Montebello, California. It will be owned by the City of Montebello and operated by Hotel Adventures of Tustin, Calif.
BEVERLY HILLS, CA-The initial offering price for the 28,320-share offering was $3,300 apiece. Shares closed their first day of trading at $4,300. Nikko Salomon Smith Barney was the lead manager of the syndicate.