LAND TO BE SOLD 'ON SPEC' INDUSTRIAL PARK SET FOR ACREAGE.Byline: Jim Skeen Staff Writer LANCASTER - The city plans to sell 31 acres near Fox Field to a development company, headed up by a noted San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. businessman, that envisions creating an industrial park for small- and medium-size firms. The property will go for nearly $1.4 million to Brightstar Properties LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a development company led by millionaire Bert Boeckmann, prominent San Fernando Valley auto dealer. ``We're very excited about the area,'' said Alan Skobin, a representative for Brightstar. ``There's a lot going on out there.'' In developing the land, Brightstar officials say they might do build-to-suit projects, sell off the land to other developers, or do a mix of the two, Skobin said. The Brightstar development will be the fourth major project on 120 acres that the city acquired from Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County in 2000 for just under $1.4 million. The first project attracted to the area is a planned armory for the California Army National Guard The California Army National Guard is a component of the California National Guard, the United States Army and the United States National Guard. The California Army National Guard is composed of about 20,000 soldiers. . Two of the other projects involve private industrial development, mostly of ``spec'' buildings - buildings constructed in speculation that a company will be interested, rather than tailor-made for a specific tenant. Three Springs Corp., the commercial development arm of Larwin Company, a major home builder, is planning to build 24 industrial buildings ranging in size from 6,250 square feet to over 16,000 square feet. Regent REGENT. 1. A ruler, a governor. The term is usually applied to one who governs a regency, or rules in the place of another. 2. In the canon law, it signifies a master or professor of a college. Dict. du Dr. Call. h.t. 3. Aerospace is planning to build 250,000 square feet of industrial space in addition to its own planned 75,000-square-foot manufacturing and warehouse building. ``You have smart players coming in to do this development,'' said Mark Bozigian, Lancaster's assistant to the city manager for redevelopment. ``They are smart developers who have a good handle on the market.'' The developments will help address what economic officials view as an extremely low industrial-vacancy rate in the valley. A recent study by the Greater Antelope Valley This article is about the Los Angeles County region. For the census-designated place in Wyoming, see Antelope Valley-Crestview, Wyoming. The Antelope Valley Economic Alliance shows an industrial vacancy VACANCY. A place which is empty. The term is principally applied to cases where an office is not filled. 2. By the constitution of the United States, the president has the power to fill up vacancies that may happen during the recess of the senate. rate of 1.59 percent, well under the 5 percent to 10 percent economic officials said is needed to help attract business to the region. ``We really need some spec buildings,'' said Mel Layne, business development manager for the economic alliance. ``We have business people looking (for a place to relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. ), and they don't want to wait six months to a year for a building.'' The increasing interest in the region indicates that people are viewing the Antelope Valley as an affordable alternative that allows them to relocate or expand without having to leave the Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, marketplace, Layne said. ``The Antelope Valley has come into its time,'' Layne said. Jim Skeen, (661) 267-5743 james.skeen(at)dailynews.com CAPTION(S): photo Photo: (color) Work continues on Lancaster's $8 million widening project to turn Avenue G from two lanes to six lanes from 25th to 50th streets west, aimed at making the vacant land around Fox Airfield more attractive to manufacturers and distribution centers. Gene Blevins/Special to the Daily News |
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