Continental Grand office, El Segundo

Continental Grand office, El Segundo

The South Bay’s industrial vacancy rose to 0.9 percent in the third quarter, compared with 0.8 percent in the second quarter and a year earlier. Class A rents rose to 87 cents a square foot, up from 85 cents in the previous quarter and 74 cents in the same period last year.

Main Events

-Starwood Capital Group purchased the Continental Grand offices at 300 and 400 Continental Blvd. in El Segundo for $168.9 million.

-Umbrella Hotel Group purchased the DoubleTree by Hilton Hotel LAX at 1985 E. Grand Ave. in El Segundo for $54.1 million.

For reprint and licensing requests for this article, CLICK HERE.