The Santa Clarita Valley’s office vacancy rate rose, reaching 11.5 percent from 11.2 percent in the prior quarter, and compared with 13 percent in the year-earlier period. Class A rents were fairly steady, rising a cent to $2.69 a square foot from $2.68 in the second quarter. Net absorption was a loss of 6,650 square feet.

Main Events

-Kennedy-Wilson Properties acquired the Townhomes at Lost Canyon, a 157-unit residential property in Santa Clarita, for $61 million from the Resnick Cos. and Equity Residential.

-JLL Income Property Trust acquired a 491,583-square-foot portfolio of seven industrial properties in Valencia for $64.5 million.

-Teachers Insurance and Annuity Association of America sold North Park Village Square, an 87,094-square-foot retail center at 27740 McBean Parkway in Valencia, for $58 million to Inland Institutional Capital Partners Corp.