Relocation: Morton Manufacturing, a maker of fasteners for the aerospace industry, is leaving Santa Clarita for a new headquarters in Lancaster. Morton, will move next year into an 86,000-square-foot building planned for construction on a 10-acre site at the Lancaster Business Park. The company’s 200 workers will transfer to the facility and Morton plans to add 100 positions after the move.



Homed In: Ryland Group Inc., a Westlake Village real estate services company, has reached a deal to acquire the Charlotte and Raleigh. N.C., operations and assets of Timberstone Homes, a Concord, N.C., homebuilder. Ryland will pick up 870 new lots and homes for future sales. Financial terms of the deal were not disclosed.

Name Change: Nevers Palazzo Maddux & Packard PLC, a corporate and business law firm in Westlake Village, has changed its name to Nevers Palazzo Packard Wildermuth & Wynner PC. The name change reflects the contributions of shareholders Michael Wildermuth and Rob Wynner.


SoCal Acquisition: Younan Properties Inc., a Woodland Hills owner and manager of office properties, has completed acquisition of the Anaheim Corporate Center from LNR Partners LLC, a Miami mortgage lender. The 54,000-square-foot center is at 1400 N. Kellogg Drive. Financial terms of the deal were not disclosed.



Medical Pickup: Trifecta, a provider of online services for clinical trials, has acquired Virtual Clinical Solutions, a Nashville, Tenn., provider of training services for clinical trials. VCS operates in 120 countries with more than 300,000 clinical researchers for a variety of pharmaceutical companies. VCS’ headquarters will move to Los Angeles but the company will retain a presence in Nashville.



Property Booked: Bed Bath & Beyond Inc., a Union, N.J.-based home furnishings retail chain, has purchased a Torrance retail building for nearly $7.64 million from Regional Management Co. The 35,978-square-foot property at 3700 Torrance Blvd. was a former Borders Books. Bed Bath & Beyond plans to open a shop there by the fourth quarter of this year.



New Digs: ARC Engineering Inc., a Sherman Oaks firm that specializes in performing and media production facilities, is moving its headquarters to Burbank. ARC will be the first tenant to move into the 65,000-square-foot Media Town Spaces development, which runs along Lake Street a few miles west of the Golden State (5) Freeway. Terms of the lease were not disclosed.

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