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6 Tejon owner hopes building will soon be going, going, gone

A half-empty building at the corner of one of downtown’s busiest intersections will go on the auction block soon, and the weak real estate market means that potential investors could land a bargain. The building is listed for $7.25 million, although many believe it will sell for considerably less. Owned by Grubb & Ellis Co., [...]

The owner of a prime piece of retail space at the corner of Tejon Street and Platte Avenue is planning to split the 6,400-square-foot bi-level space into two units in hopes of drawing from a larger pool of potential tenants. Julie Phillips at Fountain Colony Co., the leasing agent for Acacia LLC, said the site [...]

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