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CALIFORNIA | LOCAL
February 16, 1999
Veratex Inc., a Van Nuys manufacturer and distributor of bed linens, has leased a 110,000-square-foot industrial building in The Plant, a mixed-use project under construction on the site of the former General Motors plant in Panorama City. The 10-year lease with option to purchase is valued at $7.6 million. Grubb & Ellis represented the tenant and Delphi Business Properties represented the landlord, S & V Van Nuys Associates LLC of Woodland Hills.
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CALIFORNIA | LOCAL
February 16, 1999
Veratex Inc., a Van Nuys manufacturer and distributor of bed linens, has leased a 110,000-square-foot industrial building in The Plant, a mixed-use project under construction on the site of the former General Motors plant in Panorama City. The 10-year lease with option to purchase is valued at $7.6 million. Grubb & Ellis represented the tenant and Delphi Business Properties represented the landlord, S & V Van Nuys Associates LLC of Woodland Hills.
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BUSINESS
January 19, 1999 | A Times Staff Writer
Voit Cos. and Selleck Development Group will break ground in March on the second industrial phase of a San Fernando Valley development known as The Plant, on a site formerly occupied by a General Motors Corp. plant. To build the second phase of two manufacturing and distribution buildings, the Woodland Hills-based partnership recently purchased an additional 7 acres of commercial land from Union Pacific Railroad Co. adjoining the Panorama City site.
BUSINESS
February 16, 1999
* Dallas-based G.E. Capital Realty Group acquired an 86,026-square-foot office building at 401 Lennon Lane in Walnut Creek for $11 million from Los Angeles-based Lennon Lane Associates. David Lachoff of Grubb & Ellis' West Los Angeles office represented the buyer and the seller in the transaction. * Veratex Inc., a manufacturer and distributor of high-end bed linens, has signed a 10-year lease valued at $7.
CALIFORNIA | LOCAL
October 19, 1999 | BOB HOWARD, SPECIAL TO THE TIMES
California's continuing prosperity is producing a host of new commercial buildings in the San Fernando Valley as builders scramble to construct new office, industrial and retail space for expanding businesses. Dozens of new commercial buildings were completed or began construction in the Valley during the third quarter alone, joining dozens of others that have either begun construction or been completed since the post-recession building boom began.
BUSINESS
January 4, 2000 | JESUS SANCHEZ, TIMES STAFF WRITER
Construction cranes and scaffolding have sprouted across Southern California as a plethora of major commercial real estate projects break ground or head for completion. The region's buoyant economy, low vacancy rates and a dearth of building in previous years have shifted construction activity into high gear across the region. More developers are scrambling to get financing and government approval to take advantage of the market.
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