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October 28, 2020
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ORANGE COUNTY NEWS
Archive
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• LoanDepot.com Inks 82k sf OC HQ Lease
6/02/11
In one of the largest HQ leases in Orange County over the past year, LoanDepot.com inked a five-year deal for 82.8k sf at Arden’s Town Centre Plaza III in Foothill Ranch. LoanDepot.com will occupy space in two of the project’...
Price: $4.99
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• Marshalls and Dollar Tree Lease Remaining Space at OC Retail Property
6/01/11
Two recent leases totaling 37.3k sf at Chapman and Main Center in Orange has brought the retail center to fully occupied. Chapman and Main Center is situated near to Highways 57 and 22, as well as I-5. In the first transac...
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• $8 Mil OC Retail Sale was Smart & Final
5/27/11
A 30.5k sf Smart & Final grocery store in Stanton sold for $8.1 mil, or $266/sf. The buyer was 7050 Katella Ave LLC, an investment group that was spearheaded by David Altemus and Justin Altemus, as managing members of the LLC...
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• Premier Business Centers Opens New Bellevue, WA Center
5/23/11
In their latest move, OC-based Premier Business Centers has leased 16.6k sf on the 10th floor in downtown Bellevue’s Plaza Center, located at 10900 NE 8th St in Bellevue, WA. This will be Premier’s second location in Bellevue...
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• AMCAL Gives City of Westminster the Royale Treatment
5/16/11
Royale Apartments, a 36-unit workforce housing development located in the SoCal city of Westminster, just opened to the public. The project, which features a Mediterranean-inspired design by Withee Malcolm Architects, was dev...
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• Barnhart Balfour Beatty Recognized for John Wayne Airport Work
5/11/11
Barnhart Balfour Beatty has been recognized with a Project Achievement Award from the Construction Management Association of America (CMAA) Southern California Chapter for work on the John Wayne Airport Parking Structure C an...
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• Kennedy Wilson Collects $43 Mil from OC Multifamily Sale
5/10/11
Mariposa Apartments, a 286-unit multifamily asset in Anaheim, was sold by Kennedy Wilson to a private investor for $43 mil ($150k/unit). The unnamed buyer is a long-standing owner / investor in the Orange County multifamily m...
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• Passco Closes Four CVS Purchase/Leaseback Deals
5/10/11
OC-based Passco Companies LLC has purchased four CVS stores in sale-leaseback deals. All four stores are newly constructed and recently opened by CVS, typical of the prototype for newer CVS retail/pharmacy stores. The new s...
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•  Trio of Leases Bring Brea Office Building to Fully Leased
5/09/11
Fairway Center, a 145k sf office building located at 1800 East Imperial Hwy in the city of Brea, is now fully leased, just 90 days after the structure stood at just 29% leased. The jump is a result of three recent transaction...
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• New $31 Mil Cogeneration Plant Completed at John Wayne Airport
5/05/11
Construction of the new Central Utility Plant (CUP) and Cogeneration Facility at John Wayne Airport in Orange County was just completed. The new project, built by Barnhart Balfour Beatty, will provide 95% of the Airport’s pow...
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• CT Realty and WLCM Team Up in SoCal Apartment Investment Venture
5/03/11
CT Realty Investors and WLCM have entered into a joint venture to acquire apartment communities in select coastal submarkets throughout Southern California. The CT joint venture just acquired three communities in Costa Mesa ...
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• L.A. Fitness Leases 47k sf Gym Space in Mission Viejo
5/02/11
L.A. Fitness International LLC just signed off on a 15-year lease for 47k sf of retail space at Kaleidoscope Courtyards in Mission Viejo. L.A. Fitness will use the space for a new gym, slated to open for business in early 201...
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• Pfizer Closes $42 Mil Anaheim Industrial Buy
4/28/11
Pharmaceutical giant Pfizer Inc just acquired a 281.5k sf Class A distribution facility in Anaheim for $42 mil ($149/sf). The building, located at 4663 La Palma Ave, north of the 91 Fwy and just east of Lakeview Ave, was leas...
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• Panottoni Development Finds Religion in $20 Mil OC Sale
4/27/11
Eastside Christian Church has purchased two buildings in Anaheim from Panatonni Development Company for $20 mil. The acquisition consists of a 200k sf, two-story flex building and a 200k sf, six-story office building on 20 ac...
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• Peregrine Realty Partners Merges with ZMI Real Estate
4/22/11
Peregrine Realty Partners, an LA-based real estate advisory and investment company, has merged with ZMI Real Estate, a real estate investment firm led by Stephen Zotovich and based out of Newport Beach. The combined company w...
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• Condo Sales Odyssey Comes to an End in Irvine
4/21/11
In sales activity from Irvine, 24 of the 32 medical office suites at Odyssey Medical Center recently sold to 19 private owner/users. Sold out of foreclosure, the aggregate sale price for the 37.6k sf of space, located at 22 ...
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• OC Senior Housing Facility Sells for $5.6 Mil
4/18/11
Care Senior Living paid $5.6 mil for a senior housing facility located at 2619 Orange Ave, just east of the 55 Fwy and a block north of Del Mar Ave in Costa Mesa. The property was sold by local investors Victor Charnetsky and...
Price: $4.99
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• Sheetmetal Firm Buys Fountain Valley Industrial Property
4/08/11
A 20.4k sf industrial property in Fountain Valley was purchased by KB Sheetmetal Inc for $2.36 mil ($116/sf). The property is located at 17371 Mount Wynne Circle, near the 405 Fwy. KB Sheetmetal is a locally based sheetmetal...
Price: $4.99
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• Irvine Company Apartment Communities Wins Award for Real Estate App
4/08/11
In notable industry tech news, Irvine Company Apartment Communities (ICAC) has won the “Best Real Estate Application” in the Web Marketing Association's 9th Internet Advertising Competition for an iPhone application (app) tha...
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• Panasonic Leases 300k sf Anaheim Distribution Facility
4/07/11
International consumer electronics company Panasonic Corporation has leased the 300k sf Anaheim Concourse Distribution Center located at 3454 E. Miraloma Ave in Anaheim. The deal marks a relocation and expansion of Panasonic...
Price: $4.99
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