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• Shorenstein Awarded LEED Gold for 614k sf OC Office Complex
10/08/12
Shorenstein Properties LLC has received LEED certification at the Gold level, Existing Building Operations and Maintenance (EBOM), for Main Plaza, a 614k sf Class A office complex at 1920/2010 Main Street in Irvine.
This br...
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• Cliff Carnes Promoted to President at Johnson Capital
10/05/12
Cliff Carnes, Johnson Capital’s longtime Chief Operating Officer, has been promoted to President of the national real estate capital advisory firm. Guy Johnson, the founder and current president of Johnson Capital, will conti...
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• Irvine Medical Office/Retail Property Listed for Sale
10/04/12
Blackstone Group LP has listed for sale Centerstone Plaza, a Class A office, medical office and retail property at 4000-4040 Barranca Pkwy in Irvine. The marketing assignment was awarded to Robert Griffith and Greg may of New...
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• Penwood Value-Add Fund Acquires 345k sf Costa Mesa Industrial Facility
10/02/12
Penwood Select Industrial Partners III L.P. has purchased a 345k sf industrial building at 1683 Sunflower Ave in Costa Mesa. The two-tenant building was acquired with a 112k sf vacancy. The price was not disclosed.
Penwood S...
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• 768-Unit OC Apartment Community Hits the Market
9/28/12
We’ve just learned of a major SoCal multifamily asset to hit the market, as Pacific Urban Residential has listed Madison Park, a 768-unit apartment community in Anaheim. It is being listed by Greg Harris, Kevin Green and Joe ...
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• Vintage Real Estate to Give OC Retail Center a New Look
9/28/12
Vintage Real Estate has acquired four acres immediately adjacent to its Moulton La Paz Shopping Center from the City of Laguna Hills as part of its expansion and redevelopment plan for the center. The work will give the cente...
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• Entire 180k sf Newport Beach Office Building Available for Lease
9/25/12
Class A office leasing activity in Orange County has picked up significantly over the last year or so, taking a number of larger spaces off the market. However, we’ve just learned of a large block of contiguous, high-end Clas...
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• American Apparel Leases 220k sf La Mirada Facility
9/21/12
American Apparel Inc has leased 220k sf of warehouse and office space with Prologis in La Mirada at 16400 Trojan Way, south of Alondra Blvd on the east side of I-5. The five-year deal has a total value of $6.3 mil, which aver...
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• C&D Zodiac Signs at Warland Cypress Business Center
9/19/12
C&D Zodiac has leased an 85.8k sf facility in the master-planned Warland Cypress Business Center in the OC city of Cypress for expansion of their aircraft division. The company expects to take occupancy of the newly refurbish...
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• HFF Arranges $22.8 Mil in Mezz Financing for New OC Res Project
9/13/12
Lyon Communities has obtained $22.8 mil in mezzanine financing for the development of The Marke at South Coast Metro, a 300-unit, Class A multi-housing community under construction in Santa Ana. The three-year loan was arrang...
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• EQR Residential Buys 24k sf Irvine Office Property for Res Development Site
9/11/12
Chicago-based apartment developer EQR Residential has acquired a 24k sf office property in Irvine for $5 mil ($208/sf). The property is located at 2501 Alton, just west of Jamboree Rd and north of the 405 Fwy.
Built in 1980 ...
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• C.W. Driver Completes $20 Mil in Upgrades for Santa Ana USD
9/11/12
Construction manager C.W. Driver completed $20 mil worth of upgrades for the Santa Ana Unified School District (SAUSD) at 10 schools located throughout the district. C.W. Driver completed the work in August 2012, delivering t...
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• Corinthian Colleges Renews 164k sf OC Space
9/07/12
In a large OC office lease, Corinthian Colleges Inc signed a renewal for 163.7k sf of space in Griffin Towers, located at 5 & 6 Hutton Centre Dr in Santa Ana. Corinthian Colleges will continue to occupy the space for its cor...
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• HVAC Engineering Company Relocates to 54k sf HQ Space in Orange County
9/07/12
DMG Corporation, a Whittier-based HVAC engineering and manufacturing company, will be relocating to Orange County after signing a new lease for 54.6k sf of space within a 66.8k sf building at 1110 West Taft Ave, east of the 5...
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• Manufacturing Company Closes Irvine Industrial Buy
9/05/12
FMH Investors, a manufacturing company from Irvine, purchased two industrial buildings totaling 75.5k sf in Irvine for $7.8 mil, or $103/sf. The buildings are located at 17152 and 17192 Daimler, east of the 55 Fwy and north o...
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• Hines and Oaktree Fund Purchase OC Office Property
8/28/12
Hines and a subsidiary of a real estate fund managed by Oaktree Capital Management L.P. acquired Bay Technology Center in Irvine from Arden Realty, a GE Capital Real Estate Company. The two-building, 114.1k sf office complex ...
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• Positive Investments Purchases 95k sf of SoCal Medical Office Buildings
8/27/12
Positive Investments closed on the purchase of a two-property, three-building, medical office building portfolio in Bellflower and La Palma. The properties are Bellwood General Hospital Medical Center, a 36.8k sf off-campus m...
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• High Demand Driving Leasing of New OC Res Project Prior to Opening
8/17/12
A new res development still under construction in Placentia has already leased 45 percent of the project’s first 80 units prior to its scheduled opening. The project, Union Place, is a 125-residence community located at 1500 ...
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• Beech Street Capital Arranges $28 Mil on OC Apt Portfolio
8/17/12
A local real estate investor has refinanced a portfolio of three apartment complexes in Orange County with $28 mil in Freddie Mac loans that were arranged by Beech Street Capital LLC. The 238-unit portfolio consists of Rancho...
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• OC Investor Acquires OC Retail Center Through $35 Mil Catellus Stock Purchase
8/16/12
RENTV has learned that an OC investor has acquired The Landing, a Vons Pavilions-anchored shopping center located in Newport Beach, by purchasing the stock in Catellus, the company that owned the property. The asset traded i...
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