Prices for industrial properties nationwide set another record for year-over-year increases, up 28.6% in May, according to MSCI on Friday. Prices were up 1.8% in May compared with a month earlier.

For decades, the nondescript industrial plants clustered just off I-405 in Newport Beach have housed computer-chip makers and other manufacturers. But the complex is in for a major transformation.

An apartment that only measures 35 square meters across is pretty small and doesn't really allow that many options in terms of internal layout and design. The architects at MÁS epiteszek were ...