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.
September 30, 1999 |
Woodland Hills-based Voit Cos., one of Southern California's largest real estate firms, said Wednesday that it has agreed to merge its property management operations with Transwestern Commercial Services, a nationwide real estate services firm. The deal, which includes Voit Management Co. and Voit's Valley Mechanical Services, would create a property management company with a portfolio of more than 90 million square feet and 1,450 employees. In the Western U.S.
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.
April 20, 1999
Chicago-based Bally Total Fitness Corp. signed a 10-year, $10-million lease for 60,000 square feet of office space at Imperial Centre, 12440 E. Imperial Highway in Norwalk, where the company plans to open a call center employing 300 workers, according to Transwestern Commercial Services, which manages the property. Lonnie Riddle, Terry Reitz and Jim Biondi of Grubb & Ellis represented the owners, a joint venture of Transwestern Investment Co. and Starwood Capital.