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CompUSA TO BUY GOOD GUYS
 
ALAMEDA - Consumer electronics chain Good Guys Inc. has been acquired by rival CompUSA in a deal with an indicated value of about $55.6 million.

CompUSA, a Dallas, Texas-based retailer and reseller of technology products and services, said the proposed acquisition fits into its long-term strategy to expand its "merchandise mix to include the latest entertainment technology."

Good Guys currently operates 71 stores throughout California, Nevada, Oregon and Washington. It will become a wholly owned subsidiary of CompUSA and will continue to operate under the Good Guys name, the electronics chain said.

CompUSA also said it will invest $5 million in the electronics chain in the form of a two-year unsecured convertible promissory note.
 
The company said the deal will be funded by cash available at U.S. Commercia Ltda., its Mexico-based parent company, assuming the deal receives regulatory and shareholder approvals.
 
LANDMARK OFFICE TOWER PLANNED

COSTA MESA - An18-story, "Class A" office tower is planned for the Two Town Center complex in the Orange County city Costa Mesa in Southern California.

The 400,000 square-foot building will be the first new high-rise in Costa Mesa in a decade and will be the signature building for the expanding commercial complex, according to developer CommonWealth Partners.

The new building will be designed by the architectural firm, Johnson Fain and will be located in the heart of Costa Mesa's Theater & Arts District.

Commonwealth Partners presently owns and manages a premier portfolio of over $1.2 billion in institutional-quality office properties across southern California and the southwestern US. 

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