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Shaun Moothart Joins CBRE as Vice President 8/20/13 Shaun Moothart has joined CBRE in the firm’s Newport Beach office as Vice President in Debt & Equity Finance. He will focus primarily on the origination and placement of debt financing for retail, office, industrial and multi...
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Coyle Reproductions Pays $11 Mil for 83k sf OC Spec Building 8/19/13 Coyle Reproductions Inc has purchased an 83.1k sf Class A building in Brea for $11.15 mil ($134/sf). Coyle Reproductions, a Los Angeles-based service provider specializing in producing high quality digital and screen printing...
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Arlon Graphics Jamming After Inking Long-Term Lease for Former Knotts Berry Farm Manufacturing Facility 8/19/13 Arlon Graphics has signed a $12.5 mil, 11-year lease for a 198k sf ($0.48/sf/mo) property in Placentia. Arlon, best known for its sign, car wrapping, corporate imaging and vehicle and fleet decoration products, will be reloca...
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Latest Deals Total 37.5k sf at Newport Beach Office Building 8/08/13 A tech company and a law firm are the latest companies to sign leases at Bayview Corporate Center, a Class A office building located at 3501 Jamboree Rd, on the west side of Hwy 73 in Newport Beach. These latest transactions ...
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Work Progressing on Irvine Affordable Housing Development 8/05/13 Stonegate Housing LP is well underway with construction of a 74-unit affordable housing project in Irvine. Located on four acres at 1000 Crested Bird, just north of Irvine Blvd, the project is being built by San Diego-based W...
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JP Morgan Chase Renews 129k sf Irvine Office Space 8/01/13 JPMorgan Chase has extended its lease for 129.3k sf through June 2020 at Alton Corporate Plaza in Irvine. The four-building office campus is owned by Texas-based Hines and a subsidiary of a real estate fund managed by Oaktree...
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CT Realty Investors / Artemis Real Estate Partners Spend $10.6 Mil on OC Ind Facility 7/31/13 In a recent Huntington Beach industrial buy, CT Realty Investors and Artemis Real Estate Partners purchased a 102.7k sf facility for $10.6 mil ($103/sf). The building, located at 17311 Nichols Lane, south of Warner Ave and we...
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Huntington Beach Mobile Home Park Fetches Over $2.5 Mil/Acre 7/30/13 A private investor acquired Pacific Mobile Home Park, a 256-unit, non-rent restricted, all-age family rental community located on just over 18 acres in Huntington Beach. Although the sales price could not be disclosed, we’re ...
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Check Out this Amazing View of Newport Center 7/25/13 This photo was taken by Fred Emmert, who tells us that in 1953, the Boy Scouts of America held their National Jamboree on part of the site that is today Fashion Island, the area seen in the image within the circular Newport C...
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Three SoCal Ind Properties Exchange Hands in Transactions Worth $17 Mil 7/15/13 Three SoCal industrial/flex-tech properties sold in recent deals totaling $17 mil. The properties are located in the OC cities of Anaheim and Santa Ana, and in La Mirada, which is located in LA County.
“Demand for multi-tena...
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Johnson, Smith, Kachani and Lenhert Provide Insight at Recent SoCal Broker Exchange 7/11/13 Guy Johnson, Chairman and CEO of Johnson Capital, was the keynote speaker at a recent Broker Exchange gathering held by Sperry Commercial at The Pacific Club in Newport Beach on June 6th. The event, titled “Show Me the Money ...
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CT Realty Purchases 181k sf Property in Irvine Spectrum 7/11/13 In a big OC industrial buy, CT Realty Investors has acquired a 181k sf property in the Irvine Spectrum in Irvine for $17.3 mil ($96/sf). The warehouse facility was purchased from a joint venture between the Brookhollow Group ...
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Irvine Medical Office Building Trades for $800/sf 7/03/13 A private investor paid $5.4 mil for a single-story, absolute NNN-leased medical office building in Irvine soon to be occupied by DaVita Dialysis, a Fortune 500 company and one of the country’s largest providers of dialysis. ...
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Hudson Pacific Closing out First Half of 2013 with another $435 Mil of Deals 7/02/13 Hudson Pacific Properties has reached an agreement to purchase a four-building, 836.4k sf Seattle office portfolio from Spear Street Capital for approximately $367.5 mil ($439/sf) (net of certain credits and before closing co...
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LA and OC Office Occupancy Rates Remain Steady Since End of 2012 7/01/13 Office occupancy levels across Greater Los Angeles, Orange County and the Inland Empire remained steady, having not wavered much since the end of 2012, according to preliminary second quarter market statistics compiled by CBR...
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Air Conditioning and Refrigeration Industry Building Corporation Buys 9k sf OC Office Building 6/28/13 Air Conditioning and Refrigeration Industry Building Corporation (AIR) has acquired a 9.3k sf office building located at 3500 W. Orangewood Ave in the city of Orange. AIR purchased the building from Voit Real Estate Services ...
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$5 Mil in Sales for Three 7-Eleven Locations 6/27/13 Three single-tenant 7-Eleven stores -- in Upland and Anaheim, CA and Denver, CO – traded hands in recent deals totaling over $5 mil.
In Upland, a 3k sf 7-Eleven located at 2416 W. Arrow Rd sold for $1.9 mil ($633/sf). Built ...
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Haight Brown & Bonesteel Relocates OC Regional Office 6/27/13 The law firm of Haight Brown & Bonesteel inked a lease for 9.3k sf of office space in Irvine, in a transaction that will see them relocate their Orange County regional office from Santa Ana. Their new space is at 2050 Main St...
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Griffin Capital Completes $54 Mil AZ Office Buy 6/25/13 Griffin Capital Corporation has acquired Norterra Campus West, a 232.6k sf, Class A, two-building office campus in Phoenix, AZ, for $54.5 mil ($234/sf). The property, located at 25500 and 25600 Norterra Pkwy, is fully-leased ...
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Ground Lease on Newport Bay Waterfront Property Goes for Over $6 Mil 6/25/13 Lido Group Retail LLC paid $6.3 mil for the ground lease on an 11.8k sf waterfront property on Newport Bay in Newport Beach. The site, located at 3450 Via Oporto, has in excess of 100 feet of bay frontage on Newport Bay, with...
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