WESTMINSTER, CA-The success in finding tenants for the three-building Westminster Business Center despite the current state of the economy is the latest sign of the county's soaring demand for industrial space.

COSTA MESA, CA-A locally based developer has acquired a 1.6-acre parcel in Costa Mesa, in a deal valued at $1.3 million. The company plans to build a 26,000-sf office and retail project on the site.

ORANGE COUNTY, CA-In another example of investors' appetite for the county's limited supply of available industrial space, an Anaheim-based investment company has snatched up a 22,600-sf industrial for $2.1 million.

LOS ANGELES-A locally based investment company has acquired retail and industrial properties in Northridge and Thousand Oaks as part of a tax-deferred 1031 exchange valued at $2.7 million.

LOS ANGELES-A fully leased, 85,300-sf office building in Monterey Park office has changed hands. The buyer is a private investment group. The transaction was a 1031 exchange.

NEWPORT BEACH, CA-Newport Beach-based Clark Management & Development has tilted the walls on two Santa Fe Springs industrial buildings totaling 63,000 sf. Completion is set for August.

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-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.