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October 22, 2020
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ORANGE COUNTY NEWS
Archive
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• Draftsmen & Craftsmen
4/05/11
Tustin Centre Office Building, a recently constructed, $13 mil, office building owned by The Muller Company and BlackRock Realty, has become the first LEED Core Shell Gold office building in Southern California. Designed by N...
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• CJ Segerstrom Has an Affinity for Medial Office Tenants in Costa Mesa
4/01/11
Affinity Medical Technologies recently inked a 10-year, $4.8 mil lease for a 42.5k sf ($0.94/sf/mo) office building in Costa Mesa. The property, located at 3545 Harbor Blvd, is currently occupied by Affinity Medical. Affini...
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• Grubb & Ellis Receives $18 Mil Commitment from Colony Capital
3/31/11
National real estate services firm Grubb & Ellis has received a financing commitment of $18 mil from Santa Monica-based Colony Capital LLC, the private equity company led by Chairman and CEO Thomas J. Barrack Jr. As part of t...
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• Bixby Land Closes $58 Mil in Industrial Acquisitions
3/31/11
Bixby Land Company has purchased four Class A industrial properties totaling approximately 850k sf. The acquisitions – which total $58 mil -- increase Bixby Land Company’s wholly owned portfolio to more than 5 msf and point t...
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• Magellan Sells Final Condo at Fullerton Redevelopment Project
3/29/11
The Magellan Group has sold the final industrial condominium at Valencia Business Center, the firm’s 220k sf industrial redevelopment project in Fullerton. The $35 mil project began with Magellan’s acquisition of the original...
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• Joint Venture Spends $23 Mil on 366k sf OC Industrial Building
3/25/11
A joint venture between Alliance Commercial Partners and CarVal Investors LLC purchased 2001 E. Dyer Rd, a 366k sf industrial building in Santa Ana. The property was acquired out of receivership from Taylor B. Grant of Calif...
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• Jones Lang LaSalle Lands OC Office Leasing Assignment
3/22/11
In recent OC news, Jones Lang LaSalle has been awarded the leasing for Newport Beach Financial Plaza, a 54k sf Class A office building located at 4343 Von Karman Ave, between MacArthur Blvd and Jamboree Rd in Newport Beach. ...
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• NorthMarq Arranges $25 Mil in Two Separate OC Industrial Financing Deals
3/15/11
NorthMarq Capital arranged $19.5 mil in first mortgage financing for Makena Commercenter, a 296.6k sf industrial property located in Lake Forest. Financing was based on a 10-year term and a 30-year amortization schedule, and ...
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• $3 Mil Renovation Underway on the Taj Mahal
3/10/11
The Muller Company recently started construction on the $3 mil renovation of its "mid-century modern" landmark building, the Taj Mahal Medical Center building, in Laguna Hills. Formerly known as the Taj Mahal, the property is...
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• Four LA-Area Single-Tenant Retail Sales Total Up to Over $11 Mil
3/09/11
Here’s a rundown on four LA-area retail sales, totaling $11.25 mil in total price and all brokered, at least in part by Jereme Snyder, Senior Vice President in Colliers International’s Irvine office,. The transactions are: ...
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• KBS REIT Closes 388k sf Houston Office Buy
3/03/11
OC-based KBS Real Estate Investment Trust II (KBS REIT II) has acquired Two WestLake Park, a 17-story, 388.1k sf office tower in the Katy Freeway/Energy Corridor submarket of west Houston that serves as the home of the privat...
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• OC Office Market Turns the Corner
2/28/11
For the first time since 2007, Orange County has seen net absorption in office, industrial and retail vacancy, according to the 25th annual Global Market Report just released by NAI Global. Office vacancy rates in Orange Co...
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• Cohen Financial Arranges $7.8 Mil on Newport Beach Holiday Inn
2/24/11
DKN Hotels has obtained $7.8 mil in financing for the Holiday Inn Express in Newport Beach, situated along Pacific Coast Highway. The transaction was arranged by Bruce Krall of Cohen Financial. The transaction includes a $5...
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• Westcore Properties to Enjoy Fresh Food for Another Five Years
2/15/11
In a recent OC industrial lease, Fresh Food Concepts Inc agreed to a five-year, $7.2 mil renewal for 140k sf ($0.86/sf/mo) of space at 6535 Caballero Blvd, north of the 91 Fwy and east of Valley View St. The space is within C...
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• CashCall Rings Up Big OC Office Lease
2/10/11
Financial services firm CashCall Inc agreed to a lease for a two-story 127.8k sf building within Arena Corporate Center in Anaheim. The 68-month transaction is worth more than $17 mil ($1.95/sf/mo) and is the largest office l...
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• OC Apartment Community Fetches Over $50 Mil
2/09/11
A venture of Phoenix Realty Group and MG Properties Group has acquired the 402-unit Crystal View apartment community in Garden Grove for $53 mil ($132k/unit), on behalf of a PRG institutional real estate fund. Crystal View is...
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• Regency Centers Gets Back to Its Heritage with Major OC Retail Renovation
2/08/11
Here’s the scoop on a notable OC retail center renovation, as Regency Centers just broke ground on a $10 mil upgrade at Heritage Plaza, a 227k sf Ralph’s-anchored center in Irvine. Construction at the project, located at 1447...
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• SARES*REGIS Group’s Canyon Point Receives LEED Gold Certification
2/03/11
Canyon Point, SARES•REGIS Group’s recently constructed three-building, 120k sf industrial development in Anaheim, has received LEED Gold certification from the United States Green Building Council. One building totaling 31.7k...
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• CalOptima Closes 200k sf OC Office Buy
2/01/11
In a big OC office buy, CalOptima, Orange County’s provider of publicly funded health coverage to low-income families, has acquired the 203.5k sf 505 City Parkway building in the city of Orange. The 10-story high-rise was sol...
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• Systems Source Signs 10-Year Irvine Office Deal
1/27/11
In recent HQ leasing activity from the desirable OC city of Irvine, Systems Source inked a 10-year deal for 11.3k sf of space at The Michelson, a landmark 533k sf office tower located at 3161 Michelson in Irvine. The new spa...
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