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September 24, 2020
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ORANGE COUNTY NEWS
Archive
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• OC Office Market Nearing Bottom
10/07/09
The Orange County office market is beginning to stabilize, according to third quarter market data from Voit Real Estate Services. “With negative absorption slowing and almost no new projects under construction to increase vac...
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• Western Digital Lands on Park Place in Biggest OC Office Lease of 2009
10/01/09
By Allen Wolfsheimer Computer hardware manufacturer Western Digital has agreed to what is the largest office lease in Orange County so far in 2009, having signed a 10-year deal for 365k sf of space at the Park Place office c...
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• CA Businesses Have a Partner in Obtaining SBA Financing
9/21/09
Partner Energy, an LA-based provider of energy consulting services, has acted as advisor to two California companies in obtaining a total of approximately $7 mil in SBA financing on separate real estate projects in Southern a...
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• 34k sf Fountain Valley Building Sells for $5.5 Mil
9/11/09
The Newport Beach office of NAI Capital recently completed five OC deals totaling over $11.6 mil. In one transaction, a 1031 exchange buyer paid $5.5 mil for a two-building, 33.9k sf ($162/sf) office property located at 9550 ...
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• HFF Arranges $25 Mil on OC Apartment Community
9/01/09
The Orange County office of HFF (Holliday Fenoglio Fowler, L.P.) arranged $25.24 mil in financing for Continental Garden Apartments, a 297-unit affordable housing community in Stanton, CA. Continental Garden Apartments is lo...
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• NJ Firm Takes 235k sf of Industrial Space in Cypress
9/01/09
Empire Warehouse & Distribution agreed to a deal for 235k sf of space in the city of Cypress in what we’re told is the largest industrial lease in Orange County in the last two years. The five-year transaction has a total val...
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• Voit Negotiates Three Senior Debt Sales between Banks and Investors
8/27/09
Voit Real Estate Services’ Asset Services division has negotiated the sale of senior debt positions between banks and investors collateralized by three SoCal properties. The individual considerations for each of these transac...
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• Pierce Named as President of Voit’s Commercial Brokerage Division
8/27/09
John D. Pierce has been promoted to President of Voit Real Estate Services’ Commercial Brokerage division. In his new role, Pierce will be responsible for promoting Voit’s strong company image, building relationships within ...
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• Los Alamitos Office Building to Be Redeveloped into a New CVS Pharmacy
8/26/09
KZ DevCo LP has acquired a 10.1k sf office building in Los Alamitos for $4.25 mil on behalf of CVS/pharmacy. The building will be redeveloped into a new CVS/pharmacy location to meet the growing demand for full service pharma...
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• Will Robb Becomes Fourth member of Voit’s Growing Asset Services Team
8/25/09
Will Robb has joined Voit Real Estate Services as an Asset Manager and becomes the fourth member of the company’s growing asset services team. The firm has also added new software systems that will be compliant with more inte...
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• SARES-REGIS Group to Build Spec OC Industrial Project
8/21/09
Irvine-based SARES-REGIS Group (SRG) plans to break ground this fall on a new 120k sf project in Anaheim that will consist of three Class A industrial buildings. The buildings are registered with the United States Green Build...
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• Incipio Technologies Inks Lease for 25k sf of Irvine Space
8/20/09
Incipio Technologies has signed a seven-year lease valued at $2.2 mil for 25k sf ($1.05/sf/mo) at 1842 Barranca Pkwy, midway between the 55 Fwy and Jamboree Rd in Irvine. Incipio Technologies, which designs and manufactures ...
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• KBS Capital Markets Group Recruits Two Execs
8/14/09
KBS Capital Markets Group (KBS-CMG) has brought on board two senior-level executives to help the company accommodate future growth and product offerings. Monica Brock has joined the KBS sales and distribution entity as Direct...
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• OC Office Vacancy Rate Increases to Just Under 19% at Mid-Year
8/13/09
Higher unemployment and unsteady consumer confidence are continuing to depress demand for Orange County office space. According to a just-released study from Cushman & Wakefield, the Orange County overall office vacancy inc...
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• Maguire Properties Completes Deed in Lieu on Park Place I Property
8/12/09
Magure Properties, the LA-based office REIT that has been struggling to get out from under too much debt, has completed a deed in lieu of foreclosure transaction on the 1.7 msf Park Place I office property in Irvine. The tran...
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• NAIOP SoCal and UC Irvine Paul Merage School of Business Create Industry Fellowship
7/29/09
NAIOP SoCal and the Center for Real Estate at the UC Irvine Paul Merage School of Business have joined together to help build the industry’s future leadership through creation of a fellowship. The CRE-NAIOP Fellowship will pr...
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• Owner/User Snags Upgraded Irvine Office Property
7/27/09
A 10.6k sf office property in Irvine traded hands in a recent $3.45 mil ($325/sf) deal. The building, located at 17772 Cowan, is situated in close proximity to the John Wayne Airport and offers excellent access to the 405, 55...
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• Anaheim RV Village Trades for $10 Mil
7/23/09
Anaheim RV Village, a 293-site, three-star RV resort not far from Disneyland in the city of Anaheim, sold in a recent $10 mil transaction that included the 1.66-acre commercial corner site at the intersection of Ball Rd and H...
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•  Irvine Gets a Passionate Tenant
7/21/09
Passionate Pet, a pet products and services company, inked a lease for 23.6k sf of flex space at 18871 Teller Ave, west of Jamboree Rd and south of the 405 Fwy in Irvine. The 10-year deal has a total value of $3.4 mil, or abo...
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• Voit Continues to Rack Up OC Deals
7/17/09
Voit Real Estate Services’ Commercial Brokerage division is one of the most active brokerage outfits in Orange County. To give you a better sense of some of the typical deals they handle, we’ve got five recent office and indu...
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