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REDLANDS, CA-In the second major sale of a Redlands industrial building in recent weeks, Kensington Realty Advisors of Chicago has purchased a 289,683-sf distribution facility at Redlands Commerce Center for $11.6 million.
PICO RIVERA, CA-One of the largest baking companies in the US, Bimbo Bakeries USA, has relocated its warehouse and distribution center from Downtown Los Angeles to Pacific Gateway Business Park to be closer to its Los Angeles bakery.
HUNTINGTON BEACH, CA-All seven buildings of Kearny Real Estate Co.'s recently completed Seacliff Business Center change hands before the completion of construction, according to listing agents with Voit Commercial Brokerage.
IRVINE, CA-Mission Motorsports plans a $7-million, build-to-suit facility of nearly 40,000 sf on land that the motorcycle and watercraft retailer acquired recently. The new showroom will quadruple the size in an expansion
BURBANK, CA-The Construction Industry Research Board forecasts a 2.7% in California construction in 2004 after increases in both of the preceding years.
STUDIO CITY, CA-Younan Properties sells the 73,000-sf Lankershim Media Center to LaeRoc Partners after holding it for a year and boosting occupancy to 98%.
IRVINE, CA-In a report reflecting the demand for housing in Southern California, the developer of the high-rise condo says that half of the luxury condominiums are sold or spoken for while the project is still under construction.