REAL ESTATE
Compiled by Michael Flagg, Times staff writer
Daum-Johnstown American--which also landed in the news recently--said it has moved its Newport Beach office to larger quarters in Irvine.
A Los Angeles commercial real estate broker, Daum made news late last year when 50 or so of its employees and brokers--who work on contract--left the Anaheim office to join a competitor.
The brokerage took 9,000 square feet in a 12-story building at 1920 Main St. in Koll Center Irvine North. Daum contends it’s doing fine and just needed more space.
Brokers there said they recently closed one fair-size deal: The purchase of two industrial buildings near John Wayne Airport by RHB Investments of Beverly Hills from Connecticut Mutual Life Insurance Co. for $6.2 million.
