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LOS ANGELES, CA-Superior Court Judge David Yaffe decided against the Los Angeles-based real estate investment trust in its bitterly fought battle with Thomas Properties over a proposed development in El Segundo.
ANAHEIM HILLS, CA-The Newport Beach, Calif.-based investment firm continues to build its portfolio of Southern California commercial properties, this time picking up a 134,518-sf corproate center that is 97% occupied.
TORRANCE, CA-The new owners of the empty, 67,562-sf office building--originally the headquarters of a software company--rename it the Pioneer Building and prepare to market it for lease.
ORINDA, CA-As the economy continues to struggle, more investors are turning to commercial real estate, including Pine Grove LLC, a private Bay Area-based company that bought an Orinda office park for $26 million.
SAN FRANCISCO-An NBC-owned television station has signs a 10-year lease Downtown to house its national, local and sales office, as well as serve as a broadcasting location for Bay Area broadcasts.
HOUSTON-South Atlantic Services has secured a four-month lease, with extension options, while awaiting delivery of a 200,000-sf warehouse. The leased space is in Houston and the build-to-suit in Jacintoport.
SAN DIEGO, CA-Professional Satellite & Communications is already occupying its newly leased 54,074-sf space in Morehouse Technology Center, which is serving as one the company's major call centers. The entire lease transaction, which is valued at $2.1 million, has taken just two weeks to execute.
SANTA ANA, CA-Sierra Concrete will move into the 24,700-sf facility this fall from existing facilities in Orange, Calif. The existing tenant, The Music House, will move out in September.
NEWPORT BEACH, CA-Layton-Belling & Associates forms the LBA Industrial Fund I with institutional and other investors. The company has bought two assets for $32 million already and is targeting properties throughout Southern California over the next 18 months.
PORTLAND-In its ongoing effort to combat sprawl, the commission controlling the Oregon Department of Land Conservation and Development approves a staff request to appeal a decision allowing lodging on a 1,400-acre motor speedway project outside the City of Boardman, but an early resolution is likely.