August 24, 1999 |
The office market in Los Angeles and Orange counties remained relatively strong during the first half of the year, but there were signs that the market's performance will fall below last year's results, according to a regional real estate survey. The vacancy rate for all classes of office space remained relatively stable, falling to 11.8% at midyear 1999 from 11.9% at the end of last year, according to Delta Associates, the research arm of Transwestern Commercial Services.
November 30, 1999 |
The office market in Los Angeles and Orange counties continued to see vacancy rates drop during the third quarter, but tenants remained highly sensitive to rising rents. The overall vacancy rate at the end of the July-September period slipped to 11.5%, from 11.8% at the end of the previous quarter, according to Delta Associates, the research arm of Transwestern Commercial Services. Rents in the area continued to rise 4% to 5% on an annualized basis.
July 21, 2000
Dorothy Farris has joined FutureLink Corp. in Irvine as vice president of sales for the ASP division. Previously, she was regional director for Wyse Inc. In addition, Chris Harvey, formerly director of FutureLink's southeast region, was promoted to senior vice president of the company's Server-Based Computing division. Gary Garcia also has joined the company as vice president of human resources. He was most recently vice president of human resources for Star Telecommunications in Santa Barbara.
June 27, 2000 |
As has been the case so many times over the last decade, merger and acquisition activity is dumping more high-rise space on the struggling downtown Los Angeles office market. With the recent acquisition of longtime local stalwart Atlantic Richfield Co. by BP Amoco, Arco's already-shrinking downtown operations will dwindle even more.
November 14, 2000 |
PropertyFirst.com, one of the largest sources of commercial real estate listings on the Internet, has laid off about 25% of its workers in an effort to conserve cash. The Alhambra-based company is one of several firms struggling to build a profitable Web-based marketplace for commercial landlords, tenants and investors.
January 29, 2002 |
A real estate investment partnership headed by Los Angeles businessman John E. Anderson and his wife, Marion, is acquiring Oxnard Financial Plaza, home to the tallest office building between the Bay Area and Los Angeles County. An affiliate of the Andersons' Duesenberg Investment Co. real estate group has agreed to purchase the 13-building complex featuring the 21-story Morgan Stanley Tower and 14-story City National Bank Tower. John Anderson said he expects escrow to close in mid-February.