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os Angeles County Office Market: Downtown's office vacancy rate rose to 30.3%, up from 26.8% the previous year, with rents falling to $3.86 per square foot. A notable lease was signed by Southern California Gas Co. at City National 2CAL, a 52-story tower in Bunker Hill. The landmark building at 612 S. Broadway sold for $16 million.

    Hollywood's office vacancy rate increased to 29.8%, with rents falling 19 cents year over year to $4.83 per square foot. A new office space was leased by content creator platform Passes, and the historic Hollywood Mountain site entered the market. The property could yield offers of over $100 million.

    The Westside's office vacancy rate rose to 28.3%, with asking rates for Class A properties climbing 23 cents year over year to $6.05 per square foot. Notable transactions included a Beverly Hills six-story office and retail asset selling for $211 million, and founder Justin Mateen acquiring Wilshire Rodeo Plaza for the same price.

    Santa Clarita Valley's office vacancy rate rose to 35.2%, with net absorption being over 16,000 square feet but no new office product under construction. The Center at Needham Ranch, a 1.7 million-square-foot industrial park, was completed by Trammell Crow Co. and Clarion Partners.

    San Fernando Valley's office vacancy rate rose to 26.3%, with rents increasing 7 cents year over year to $2.99 per square foot. GPI Cos. acquired The Lofts at NoHo Commons, a 292-unit multifamily community in North Hollywood.

    Tri-Cities' first-quarter office vacancies increased to 31.9%, up from 26.5% the previous year. A 70-unit permanent supportive housing complex for seniors opened in Pasadena, and Burbank-based ACSCO Products Inc. signed a new lease at a manufacturing facility warehouse in Burbank.

    Wilshire Corridor's third-quarter office vacancy rate rose to 37%, with nearly 104,000 square feet of negative net absorption occurring. A partial office to residential conversion was completed by CMCT in Mid-Wilshire.

    South Bay's industrial market vacancy increased to 6.1%, up from 4% the previous year. El Segundo-based Mattel Inc. purchased a creative office campus next to its headquarters for $59.2 million, and affordable housing developer Meta Housing broke ground on 1400 Long Beach, a new affordable housing development.

    San Gabriel Valley's third quarter industrial vacancy rate increased to 5.6%, up from 2.2% the previous year. A 163-unit mixed-use apartment complex in Monrovia traded for $87 million, and NAI Capital Commercial completed the acquisition of two multi-tenant office investments in the San Gabriel Valley.