Pasadena, Playa Vista Condos Are Planned

San Francisco real estate investment management firm McFarlane Partners said it planned to build $98 million worth of condominiums in Los Angeles County with Irvine home builder Standard Pacific Corp. by 2007.

The developers hope to start work in March on the $54-million North Lake Lofts, a six-story building in Pasadena with 106 condos, five live-work units that include office space and 9,200 square feet of shops.

At the planned Playa Vista development near Westchester, the builders expect to begin work next month on the $44-million Concert Park Lofts, a complex of interconnected three-story buildings with 116 condos and townhouses and 10,000 square feet of stores and restaurants.

-- Roger Vincent