Kevin Bender of the Los Angeles office of CBRE tells GlobeSt.com that the mortgage lender expects to move into one of the buildings, at 1 Banting Drive, in May. The second building, at 3 Banting Drive, is under construction and is expected to be ready for occupancy in February 2005. Bender was part of a CB Richard Ellis team including R. Todd Doney and Mark Sprague, also of the CBRE Los Angeles office, that represented IndyMac, along with Dale Lazerson, IndyMac Bank's VP for corporate real estate. The bank will be relocating to the new space from its current premises at 7565 Irvine Center Drive.

Bender tells GlobeSt.com that IndyMac, which is finishing out a five-year lease that is due to expire at the end of April at its existing space. At its new location, it will occupy all but about 15,000 sf of the two buildings under construction at a 12-acre site on Banting Drive. The buildings, being developed by Layton-Belling & Associates of Newport Beach, will be concrete tilt-up facilities of two stories each. Layton Belling was represented in-house by Brad Neglia in the IndyMac lease, along with John Wadsworth and Bill White of Colliers Seeley International.

IndyMac Bank provides automated underwriting, risk-based pricing and rate-lock of home loans on a nationwide basis via the Internet. It provides mortgage products and services through its business relationship division, IndyMac Mortgage Bank, and its consumer direct division, IndyMac Consumer Bank.