Los Angeles

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.

LOS ANGELES-The renovation of the 70,605-sf facility is being celebrated today with a ribbon-cutting ceremony. Touted as West Hollywood's first class A office building, the property formerly housed the Playboy Corp.'s headquarters.

LOS ANGELES-The nonprofit Trust for Public Land gets option from developer to purchase another 20% of the 1,087-acre Westside project. The 193 acres are currently targeted for 4,400 homes and 220,000 sf of commercial space.

LOS ANGELES-The 141,918-sf complex has been sold to a limited liability company. It is the second large office sale to occur in the county in the past week.

LOS ANGELES-Robert Pernell says he will recommend that plans for the 53-megawatt plant be rejected by the full Energy Commission, noting neighborhood opposition and air-quality concerns.

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.