The four properties are the 282,000-sf Westwood Center Buildingat 1100 Glendon Ave., the 534,000-sf 10880 Wilshire Blvd. building,the 205,000-sf Tower in Westwood building at 10940 Wilshire Blvd.and the 576,000-sf 10960 Wilshire Building. Total vacancy at thefour properties is about 4%, according to Barnett, who says the lowvacancy reflects the strength of the Westside office market, wherethe vacancy is in the range of 6%.

The Westside office market today enjoys "the highest rates andlowest vacancies I've seen in my career," comments Barnett, a25-year veteran of the industry. He says the market is in the thirdyear of an up cycle that has gained significant velocity within thepast year.

One of the biggest drivers of the current conditions in theWestside market is that "we just don't have future developmentpossibilities because of the lack of sites to build on," Barnettsays. Other factors driving rates up and vacancy down areincreasing demand, a strong economy and entitlements that areextremely difficult to secure even when development sites areavailable.