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ANAHEIM, CA-A Los Angeles investor buys the 22-unit Rondell Arms apartment complex from an Orange County owner. The property, located across from a high school, was 90% occupied at the time of the sale.
IRVINE, CA-Two 18-story luxury condominium towers, the first of their kind in Irvine, are planned for a 2.3-acre site that Crow Winthrop Development sold to Irvine Residential Highrise LLC.
BURBANK, CA-The California Department of Justice signs an eight-year deal for new office space at an Arden Realty building in downtown Burbank, where room is available since the entertainment industry consolidated.
CITY OF COMMERCE, CA-The 58,750-sf building that housed the New jersey-based paint company's Southern California plant for 20 years sells for $3.3 million only a few weeks after going on the market.
PALM SPRINGS, CA-The Agua Caliente Band of Cahuilla Indians broke ground today on the Spa Resort Casino in downtown Palm Springs, which will replace the existing spa and casino.
WEST COVINA, CA-The Irvine-based owner of apartment complexes and other investment properties acquires a 30-year-old, 67-unit apartment complex here and a 26-year-old, 85-unit complex in Los Angeles.
LOS ANGELES, CA-The partnership that owns the 545,000-sf office and retail project in the Miracle Mile district, whose principals include longtime L.A. developer Jerry Snyder, obtain a loan arranged by Sonnenblick-Eichner Co.
NEWPORT BEACH, CA-Jeff Dun, formerly the regional vice president of Koll Construction, founds Coast Pacific Builders, a commercial builder that starts with a flex office project in Pasadena.
PICO RIVERA, CA-Osage Towers Ltd. of La Quinta, Calif., bought the 141-unit Courtyard Apartments from The Bascom Group of Irvine for $11.675 million. The property was more than 90% occupied at the time of sale.
ORANGE COUNTY, CA-Retail properties will continue to perform solidly here in 2003, says a new report, and shopping centers continue to grow in popularity with investors. The report says the best performing market is central Orange County.