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HAWTHORNE, CA-The JV of Kearny Real Estate Co. and Morgan Stanley Real Estate starts construction on a 21-building industrial complex totaling more than 203,000 sf.
LOS ANGELES-Already the largest owner of office buildings in the Mid-Wilshire district, Lee's Jamison Properties gets the deed to 3545 Wilshire Blvd. with a $6.9-million check, one of the highest prices paid in recent years in the district.
CERRITOS, CA-The longtime employer for the Mid-Cities area remains in the market, but changes the address. In September, Memorex consolidates several Santa Fe Springs offices for 21,480 sf of class A space at Cerritos Towne Center.
WOODLAND HILLS, CA-The Denver-based apartment specialist buys an 11-acre site for a 522-unit development on a site that now houses a TV studio complex. Construction will start in about a year.
CITY OF INDUSTRY, CA-ABI Automotive Bearings is consolidating operations from two Downtown Los Angeles locations into the 28,000-sf building along Marion Court. Move-in takes place before the week ends.
BURBANK, CA-The 82-unit complex is near the Warner Bros. Ranch lot and NBC Studios in the Burbank Media District. The Palo Alto seller makes a profit after holding it less than 18 months.
LOS ANGELES, CA-The $4 million renovation project at the former Wyndham property is nearing completion. The hotel is in a building that dates back to the 1920s and is designated as a historic site.