MONTEBELLO, CA-Inland Kenworth signs a 10-year deal to occupy five acres in Montebello in an expansion from facilities in nearby Vernon. The facility which will serve primarily as the company's regional showroom and repair center.

SANTA MONICA, CA-American Golf, which has struggled to pay its rent as the primary tenant of publicly held National Golf Properties REIT, strikes a deal with Bank of America and the holders of private notes. As of July 23, National said, American Golf owed it approximately $15 million of rent and $16 million of lease termination fees.

CARSON, CA-Expanding from Gardena, Calif., furniture designer and manufacturer Morretti's Design acquires an industrial building here from a joint venture of Carlyle and First Industrial Realty Trust for $2.68 million.

LOS ANGELES, CA-A private investor acquires the smaller shopping center within Crenshaw Plaza, about 15 minutes from Downtown L.A. and "a good, infill location," broker Anthony Thompson of Charles Dunn Co. tells GlobeSt.com.

LOS ANGELES, CA-Occupancy and room rates remain depressed, with some exceptions in a couple of submarkets, following a 2001 in which the county's hospitality industry endured its toughest year since the mid-1990s.

HOLLYWOOD, CA-Corus Bank provides a $72 million loan to the developer of Sunset & Vine, a mixed-use project including housing and shopping that is partially funded by former basketball star Magic Johnson.

LOS ANGELES, CA-Occupancy and room rates remain depressed, with some exceptions in a couple of submarkets, following a 2001 in which the county's hospitality industry endured its toughest year since the mid-1990s.

LOS ANGELES, CA-Kenneth J. Kay, formerly chief financial officer at Dole Food Co. and never before the CFO of a real estate services firm, assumes the post formerly held by Jim Leonetti, who left company July 19.