LOS ANGELES-The 2002 edition of the annual Kosmont Cost of Doing Business Survey finds stability in taxes, fees and other costs levied on business by municipal governments. The real change is at the state level, where development remains uncertain.
LOS ANGELES-The largest project involves a 30-month, $25.6 million loan commitment for the Camino Real luxury apartments and townhomes, a 272-unit rental community located on the east side of Etiwanda St., just north of Foothill Blvd., in Rancho Cucamonga.
LOS ANGELES-Marcus & Millichap Real Estate Investment Brokerage Co. recently released its Apartment Research Report for the Los Angeles County area, which indicates that reduced construction and diverse employment have shielded the county's submarkets from the full force of the economic downturn.
LOS ANGELES-Marcus & Millichap Real Estate Investment Brokerage Co. recently released its Apartment Research Report for the Los Angeles County area, which indicates that reduced construction and diverse employment have shielded the county's submarkets from the full force of the economic downturn.
ANAHEIM, CA-First Anaheim Hills Properties, an Encino-based private investor, has purchased Anaheim Medical Center. The transaction was valued at $6.3 million.
PASADENA, CA-Alexandria Real Estate Equities has reported a 13% increase in funds from operations fourth quarter 2001over the same period last year. The company says that it signed a total of 19 leases during the fourth quarter for approximately 145,000 sf of space.
WESTLAKE, CA-Homestore.com, the troubled online real estate firm, says it will cut its staff by an additional 300 workers and will spin off some of its assets. This news follows the company's stock trading at a 52-week low.
LOS ANGELES-Despite a troubled and uncertain national economy, Venture West Funding closed $67.8 million in real estate loans in January. Venture West handles both purchase and refinance loans for multi-family, commercial and residential real estate.
VALENCIA, CA- Regency Centers, a national owner, operator and developer of grocery-anchored shopping centers, has closed on 10.9 acres of raw land for a future neighborhood shopping center development.
LOS ANGELES-The Los Angeles-based office real estate investment trust reports that funds from operations for the entire year were 6.4% higher than 2000. Same property net operating income was up by 5.4%.