The Bloc Roof Comes Off

LOS ANGELES—Developers remove the roof from the Bloc, transforming the downtown shopping destination into an open-air retail center—a major milestone in the development of the project.

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Value-Add Apartments Get 30 Offers

SHERMAN OAKS, CA—The sale of a 105-unit apartment complex receives 30 offers from a range of investors looking to uncover untapped demand for luxury multifamily, GlobeSt.com reports EXCLUSIVELY.

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US Bank Tower Signs Anchor Tenant

LOS ANGELES—Lewis Brisbois Bisgaard and Smith signs a 215,230-square-foot lease with OUE Limited at the US Bank Tower. It is the largest lease completed in more than 18 months.

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Verizon Drives Traffic with Destination Store

LOS ANGELES—Santa Monica’s Third Street Promenade is the home of the brand’s first destination store on the West Coast, which will help to drive traffic.

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West Coast Ports Reach Labor Agreement

LOS ANGELES—After an 11-month dispute, the West Coast ports ratify the labor agreement with dockworkers, which will be retroactive to July 1, 2014.

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Vestar Takes on Glendora Marketplace

GLENDORA, CA—The retail management company adds Diamond Ridge at Glendora Marketplace, a 399,264-square-foot shopping center to its portfolio.

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IRG Looks to Acquire Pfizer Campus in NY

PEARL RIVER, NY—Pfizer, Inc. has signed a purchase-sale agreement for nearly 200 acres of its life science campus here with Industrial Realty Group, Globest.com has learned EXCLUSIVELY.

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