AZUSA San Diego-based Sentre has purchased Azusa Center, a two-building industrial property located at 301 and 411 N. Aerojet Drive in Azusa. Mortech Manufacturing sold the asset for $12.5 million in an off-market, sale-leaseback transaction. Mortech occupies the 75,081-square-foot facility and, upon closing of the sale, the company executed a new 10-year lease for the […]
Cities Report – March 2021
REGION With the housing crisis worsening, Los Angeles County is considering a move to convert some struggling commercial properties into affordable housing. The board of supervisors voted in late February to explore options for commercial conversions, with an eye on distressed properties, Commercial Observer reported. The motion directed county staff to gather a list of […]
July 2019 – Cities Report
San Gabriel Valley – Natural Gas Controversy More than a dozen San Gabriel Valley cities are pushing back on an effort that could ban the use of natural gas in residential and commercial buildings. The California Public Utilities Commission and the California Energy Commission have been holding workshops throughout the state to discuss and gather […]
CA Deal Could Provide Money for Homeless
As California contends with dramatic increases in its homeless population, Gov. Gavin Newsom and legislative leaders agreed to send hundreds of millions of dollars to local governments to help address the problem while also cajoling cities and counties to allow more housing development. The deal, which the Legislature had not voted on as of our […]