Los Angeles

LOS ANGELES-The third-party logistics company has inked a five-year, $5.3-million lease to occupy the industrial space, which is located in Santa Fe Springs.

LOS ANGELES-The renovation of the 70,605-sf facility is being celebrated today with a ribbon-cutting ceremony. Touted as West Hollywood's first class A office building, the property formerly housed the Playboy Corp.'s headquarters.

LOS ANGELES-The nonprofit Trust for Public Land gets option from developer to purchase another 20% of the 1,087-acre Westside project. The 193 acres are currently targeted for 4,400 homes and 220,000 sf of commercial space.

LOS ANGELES-The 141,918-sf complex has been sold to a limited liability company. It is the second large office sale to occur in the county in the past week.

LOS ANGELES-Robert Pernell says he will recommend that plans for the 53-megawatt plant be rejected by the full Energy Commission, noting neighborhood opposition and air-quality concerns.

LOS ANGELES-Pivotal Century Plaza Hotel LLC spends $70 million on the Century Plaza Hotel and another $40 million Saint Regis, neighboring hotels fronting the Avenue of the Stars. "We have created an urban resort," says company founder Francis Najafi.

LOS ANGELES-Soaring temperatures across the state are expected to cause a second straight day of outages today. More than 100,000 commercial and residential property owners lost power Monday.

SUN VALLEY, CA-Triscenic Production Services pays privately held LJK Properties $2.2 million for a 35,100-sf industrial project in this LA suburb. The building contains 5,200-sf of office space.