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October 20, 2020
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ORANGE COUNTY NEWS
Archive
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•  First Phase of Renovations Completed at Huntington Beach Complex
12/10/10
Big changes are underway at Pierside Pavilion, an 86k sf mixed-use property in Huntington Beach. The first phase of a major renovation was just completed at the four-level retail, dining and office complex. The center is loca...
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• Trumark Homes to Move Forward with Brea Res Development
12/09/10
Trumark Homes has received approval from the City of Brea in California to build a community of 57 single-family homes. The 5.19-acre parcel of land, located at 1000 Site Dr in north Orange County, is an infill site surrounde...
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• The District at Tustin Legacy Awarded CalRecycle Waste Reduction Award
12/06/10
The District at Tustin Legacy, a 1 msf retail/entertainment complex in Tustin, has been awarded the 2010 CalRecycle Waste Reduction Award for being a regional leader in recycling and waste reduction. The property is manage...
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• John D. Pierce Passes Away
12/06/10
Orange County commercial real estate executive John D. Pierce, who was promoted to President of Voit Real Estate Services’ Commercial Brokerage division in July of 2009, passed away on November 29, 2009 following a heroic sev...
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• RiverRock Real Estate Group Wins Pair of TOBY’s at Recent Annual Gala
12/01/10
RiverRock Real Estate Group was honored with two TOBYs (Building of the Year) at the recent BOMA Orange County Awards Gala, held on November 19, 2010. Nominated buildings are thoroughly evaluated based on amenities package, ...
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• HFF Arranges $11.5 Mil Refi on 90k sf Rancho Santa Margarita Center
11/23/10
HFF (Holliday Fenoglio Fowler, L.P.) recently closed two newsworthy transactions in Orange County. One of the transactions involved arranging the refinancing for a mixed-use property in Rancho Santa Margarita, while in the ot...
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• Exchange Investor Sells Westwood Property and Acquires Costa Mesa Building
11/18/10
Here’s a look at a recent 1031 exchange involving two SoCal multifamily properties. The transaction consisted of the sale of an 18-unit apartment building at 1420 Kelton Ave in Los Angeles, and then the proceeds were used to ...
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• New $137 Mil UCI Student Housing Project Receives LEED Gold Certification
11/17/10
American Campus Communities $137 mil student housing project at the University of California, Irvine (UCI) has been completed and has been awarded Gold Certification under the U.S. Green Building Council's LEED rating system....
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• Premier Business Centers and Gateway One Lending Fill 50k sf in Anaheim Hills
11/16/10
In positive office leasing news from Orange County, we’ve got two leases for 25k sf each to report at Anaheim Hills Plaza, a 75k sf Class A building located at 160 N. Riverview Dr in Anaheim. The transactions were with Premie...
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• G&E Team Brokers Four OC User Sales Totaling Over $12 Mil
11/15/10
Here’s a quick look at four recent owner/user sale transactions in Orange County with an aggregate sales total of $12.7 mil. The sales were all brokered by Wade Tift, Nick Carey and Byron Foss of Grubb & Ellis Company. “User...
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• 200k sf Placentia Sale is a Knott Berry Typical Deal
11/10/10
A venture of Newport Beach-based Western Realco LLC and Connecticut-based Penwood Real Estate Investment Management acquired a 200k sf Placentia industrial building previously used as the Knott’s Berry Farm HQ facility. The ...
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• Freestanding Mission Viejo Facility Trades for $250/sf
11/08/10
A free-standing, 11.5k sf commercial building in Mission Viejo recently traded hands in a transaction valued at $2.9 mil, or about $252/sf. The property is situated on a 2.46-acre parcel at 27856 Center Dr, east of I-5 and so...
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• Not Much Change for OC Office Market During 3Q 2010
11/05/10
Here’s a brief overview of the Orange County office and industrial markets during the third quarter of 2010 which has been provide to us by national real estate services firm Grubb & Ellis. OFFICE • The Orange County offi...
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• Sig Trust Spends $4 Mil on Tustin Medical Office Property
11/04/10
St. Joseph's Heritage Medical Group, a two-building, 10.1k sf medical outpatient facility in Tustin, was acquired for $4 mil ($396/sf) by OC-based Sig Trust, who was completing a 1033 tax deferred exchange. The property close...
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• Tile Company Takes 144k sf in Big North OC Industrial Deal
11/03/10
Eleganza Tile Inc signed a lease for 144k sf of industrial space in Anaheim, in what we’re told is one of the largest new leases in North Orange County for 2010. The deal, which represents an expansion of roughly 50 percent f...
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• Group of OC Airport Area Office Buildings Sold For $9.1 Mil
11/01/10
Five office buildings comprising 82.9k sf at Copper Tree Business Park located at 151 Kalmus Drive in Costa Mesa was bought by the PRES Companies for $9.1 mil, or about $109/sf. PRES is an active buyer in Southern California ...
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• Orange County Pro Moves
11/01/10
In this article, we’ll report about two companies hiring and one that has promoted two. Starting with the new hires, NAI Capital announced the expansion of its Newport Beach team and the formation of a new owner/user group l...
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• Walmart to Greet Anaheim Market
10/27/10
The Anaheim retail market is getting a shot in the arm with the leasing of a vacant 100.3k sf retail space to Walmart, the giant retailer, at 88 E. Orangethorpe Ave. At the intersection with Lemon St, the property is just eas...
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• M & M Brokers Make Fast Work of Fast Foods
10/25/10
We’ve got two sales of fast food properties to report, both completed by Michael R. Woolbright, Vice President Investments, and Nathan D. Holthouser, Associate in Marcus & Millichap’s Newport Beach office. In Yorba Linda, Wo...
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• Rundown of Recent Orange County Industrial Sales
10/25/10
In this article, we’ll inform you of several recent industrial sales that have closed in Orange County. In Costa Mesa, VA Property Group, part of Lee & Associates, completed the $3.8 million sale of a 32,805 square foot indu...
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