LOS ANGELES-National Life of Vermont takes space in the Century City section of Los Angeles in a building owned by Dusenberg Investment Co. The transaction value is in excess of $1.5 million.
LOS ANGELES-Tenet Healthcare Corp. has signed a 10-year, $11.29-million lease for 33,500-sf in West Wilshire Center. The property is currently undergoing renovation and will have a new look in the second quarter of 2002.
LOS ANGELES-The property was 70% leased at the time of sale. The purchase was not a strict investment deal, according to the broker, but rather was purchased based on its potential for adaptive reuse.
CARSON, CA-The building is located at 1751 E. Del Amo Blvd. Studio Molding is vacating the premises to expand to a 100,000-sf facility also in Carson. The deal was a reverse 1031 exchange.
FONTANA, CA-The Shoppes at Fontana off Route 66 was built in the mid-1980s. It is 100% leased and anchored by an Albertson's supermarket. The seller was Foot Center Associates. The buyer was Corsair of Beverly Hills.
CANOGA PARK, CA-The property is located near the Warner Center sub-market, across the street from a Westfield Shopping Town. The buyer was Owensmouth LLC. The seller was Arden Realty Inc.
LOS ANGELES-Royal Airport Center is located at 5933 West Century Blvd. in Los Angeles. The property was 94% leased at the time of sale. The site has a total of 23 tenants. The office building was built in 1982 and has 12 stories.
POMONA, CA-The aerospace contractor signs a six-year lease for 101,847 sf of industrial space here at 2855 Reservoir St. The 17-year-old, free-standing building is owned by Northwestern Mutual Life Insurance Co.
LOS ANGELES-Mounting job losses and the growing stockpile of available space threaten to make this a challenging year for the local office market, according to a report issued by the Marcus & Millichap Real Estate Investment Brokerage.