LOS ANGELES-Insurance companies are refusing to write policies on commercial buildings and homes if prior water damage claims have been made or if inspections turn up the potential for mold problems, according to Jenny Jones, president and CEO of Elkins/Jones, a leading property insurance brokerage firm.

LOS ANGELES-Even as this wave of downsizing subsides, the effects will continue to ripple through the economy and adversely affect real estate markets. The first reliable evidence of a recovery will not likely materialize until the second half of this year, according to a report issued by Insignia/ESG.

RIVERSIDE COUNTY, CA-The American Products Co. has leased a 232,724-sf industrial building on 13.8 acres at Ridge Properties' Wildrose Business Park. The 10-year lease is valued in excess of $12 million.

LOS ANGELES-Even as this wave of downsizing subsides, the effects will continue to ripple through the economy and adversely affect real estate markets. The first reliable evidence of a recovery will not likely materialize until the second half of this year, according to a report issued by Insignia/ESG.

VALENCIA, CA-An equity joint venture between the New York-based Patronis Group and Fairfield Residential has been formed to develop a class A, 230-unit, multi-family rental community in Valencia.

CORONA, CA-The complex is Parkview Manor, a 76-unit garden-style apartment complex. Quaker City, a conventional bank provided the acquisition loan.

CARSON, CA-Watson Land Co., a developer of master planned industrial centers in Los Angeles County, signed the Los Angeles-based logistics company to a three-year lease valued at $1.5 million. The building is located at Watson Industrial Center South.

LOS ANGELES-Meyer Properties sells the Skyline Shopping Center in Thousand Oaks, Calif. The 36,772-sf center is 90% occupied and anchored by Lassen's Natural Foods.