Los Angeles

LOS ANGELES-National commercial real estate services firm Studley has completed an office relocation deal for Salomon Smith Barney and represented Charter Communications in a build-to-suit purchase of an office center.

ENCINO, CA-A private partnership acquires 32,000-sf office building at 16000 Ventura Blvd. Brokerage firm NAI Capital Commercial will move into the complex next year.

SAN FERNANDO, CA-Acey Decy, which services the entertainment industry, buys a 58,000-sf industrial building here and will move its 40 workers from North Hollywood next month. The deal reflects a growing appetite for space-users in the area to own rather than rent.

LOS ANGELES-Jeffrey Tamkin, president of Los Angeles-based Tamkin Development, tells GlobeSt.com that most colleges now see student housing more as a marketing tool for attracting new students to their campuses than as a sheer revenue generator.

LOS ANGELES-The district's bid for the hotel, valued at more than $76.5 million, had been thrown into limbo by a higher offer from privately held Casden Properties. But bankruptcy judge now says the deal can move forward, after Casden can't hammer out other terms with the seller.

BURBANK, CA-Investment banker L.J. Melody arranges package from Principal Capital for Menlo's Burbank Empire Center office complex. The development will open next spring.

SANTA MONICA, CA-A private partnership acquires 30-unit development in the seaside community of Santa Monica. The multifamily market remains tight, with little new construction and tenants still willing to pay extra to live near the ocean.

LOS ANGELES-The third-party logistics company has inked a five-year, $5.3-million lease to occupy the industrial space, which is located in Santa Fe Springs.