TRI-CITIES

BURBANK

Baby Store: Walt Disney Co. plans to further extend its brands into the retail arena by opening two stand-alone stores offering Disney-branded baby goods, with the first store set to open next year at the Americana at Brand mall in Glendale. Disney Baby will feature toys, clothing and personal items. Disney, which already operates a chain of Disney Stores offering items for older children and adults, sold $9 billion worth of Mickey Mouse–related merchandise last year. A site for the second store has not been announced.

CENTRAL AREA

DOWNTOWN L.A.

Concert Lawsuit: A unit of Lloyds of London, which insured Michael Jackson’s comeback concerts in London two years ago before the singer’s death, has filed suit to nullify a $17.5 million policy taken out by promoter Anschutz Entertainment Group. Cathedral Capital Ltd. claims in the Los Angeles Superior Court lawsuit that an insurance policy taken out to cover the cancellation or postponement of the concerts in the case of death, accident or illness was voided by Jackson’s drug use.

MIRACLE MILE

Acquisition: Variety Group, the parent of industry trade publication Variety, has acquired entertainment research firm TVtracker. Popular among industry executives, Los Angeles-based TVtracker is a subscription-based service that covers pilot pickups, post-production and other business activity pertaining to U.S. filmed entertainment.

WESTSIDE

CENTURY CITY

Taiwan Expansion: California Pizza Kitchen Inc. has signed an agreement with a new franchise partner to open restaurants in Taiwan. Quanta Foods, which is the exclusive franchisee there for Outback Steakhouse in Taiwan, has agreed to open at least six California Pizza Kitchen restaurants over the next five years, according to the Los Angeles restaurant chain.

Debt Offering: Air Lease Corp. has issued $120 million in senior unsecured notes in a private placement to institutional investors as the commercial aircraft leasing company continues to raise money to expand its fleet. The five-year note sale is the first time that the company, which was founded by billionaire Steven Udvar-Hazy and went public in April, has obtained long-term unsecured financing of this type since the company was launched last year.

SANTA MONICA

Mall Deal: Macerich Co. in Santa Monica and General Growth Properties Inc. in Chicago announced that Macerich will acquire General Growth’s stake in two Phoenix-area malls and General Growth will get six anchor stores in four states from Macerich. Macerich will pay about $75 million each for General Growth’s one-third stake in the two Arizona malls. Macerich will also give General Growth six anchor stores, two of which are now vacant, in malls in Hayward, San Diego and three other states.

WEST LOS ANGELES

Office Purchase: Kilroy Realty Corp. acquired two office properties in San Diego and Bellevue, Wash., for nearly $250 million. The Los Angeles real estate investment trust said it paid about $215 million for Key Center, a 488,000-square-foot complex in Bellevue completed in 2001. The building is 88 percent occupied. In San Diego, the company acquired 10770 Wateridge Circle, a 174,000-square-foot office for $32.7 million. The building, near several other Kilroy properties, is 98 percent occupied.

CORRECTION

The headline on the real estate column in the June 6 issue incorrectly characterized Redwood Partners Inc. as a developer. It is a real estate investment company. The company’s name also was wrong. The column incorrectly said the seller was upgrading a portfolio of four apartment buildings, but Redwood is doing that work. Finally, the portfolio was incorrectly described. It is nearly 170,000 square feet.