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REAL ESTATE
June 9, 1985
The Messenger Investment Co., in partnership with Mission Viejo Land Co., has purchased two buildings totaling 316,150 square feet in the Rancho Cucamonga Project from the Santa Anita Development Corp., completing Phase 2 of the project. Prior to the sale, Santa Anita Development had negotiated a $7.5-million, seven-year lease for 284,000 square feet with PDM Distribution Inc. Coldwell Banker Commercial Real Estate Services Co. represented both seller and buyer.
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CALIFORNIA | LOCAL
September 16, 2001
I would like to thank you for your recent coverage of open space issues. I am a resident of South County and I believe we must preserve the open space that is left to maintain our quality of life. I feel that the proposed Foothill South toll road will jeopardize our open space and the last bit of pristine environment we have left. Phyllis Watson San Juan Capistrano Re "O.C.'s Dilemma: More Housing or Open Space," Aug. 12: In their plan to develop 14,000 homes, Rancho Mission Viejo Land Co. fails to include a single "affordable" or subsidized unit.
CALIFORNIA | LOCAL
June 27, 1993 | TED JOHNSON, TIMES STAFF WRITER
On a vacant stretch of land just off the San Diego Freeway in Hawthorne, a developer and city officials envision a project that could help alleviate the South Bay's economic woes. It is called Fashion City, a $150-million complex that would house one of the nation's largest concentrations of garment wholesalers under one roof.
REAL ESTATE
May 20, 1990 | RON GALPERIN
More tenants vacated West Los Angeles office space than moved in during the first quarter of 1990, marking the first time in more than five years that the now-overbuilt area has posted a negative absorption rate. Most local developers and brokers thought that the pricey Westside was "immune to troubles like high vacancies, overbuilding and lack of tenants that have plagued other areas," said John Carpenter, a senior vice president at Grubb & Ellis Commercial Real Estate Services.
REAL ESTATE
February 25, 1990 | RON GALPERIN, Galperin is a Los Angeles-based free-lance writer who has covered the commercial real estate scene for several years. News releases and column inquiries should be mailed to 8306 Wilshire Blvd., No. 7078, Beverly Hills, Calif. 90211. and
Get busy. That's what West Los Angeles office building owners are ordering their leasing agents to do--and fast. Vacancies rates are about to escalate as several new first-class office buildings reach completion, and competition is heating up. Center West at 10877 Wilshire Blvd. in Westwood opens next month with 75% of its 296,000 square feet yet to be leased. The newly renovated Sterling Plaza at Wilshire Boulevard and Beverly Drive in Beverly Hills will be open for business in March too.
REAL ESTATE
September 9, 1990 | RON GALPERIN, Galperin is a Los Angeles-based free-lance writer who has covered the commercial real estate scene for several years
Occupancy rates for office space is several Los Angeles-area communities have actually improved over the last quarter--despite what's been perceived as a serious real estate slump. The numbers don't reflect spectacular gains or a boom of any sort, but they do suggest that the leasing market may not be so bad after all. In the San Fernando Valley, for example, the vacancy rate for office space dipped from 15% in the first quarter of this year to 14% in the second quarter.
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