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September 21, 2020
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ORANGE COUNTY NEWS
Archive
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• John D. Strockis and Jeff P. Doan Join Voit Real Estate Services
7/16/09
In an effort to better serve the growing needs of owners of distressed commercial real estate assets, Voit Real Estate Services has hired two new key executives to boost the firm’s real estate asset advisory services througho...
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• Expectations of OC Buyers and Sellers Starting to Come Closer
7/13/09
The gap between the asking price and bidding prices between buyers and sellers in the Orange County office and industrial markets showed signs of shrinking in the second quarter in 2009, according to the latest data from Voit...
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• Local Developer Picks Up Laguna Beach Office Property
7/02/09
We have a couple of recent office transactions from Orange County to report. One is a purchase in Laguna Beach while the other is a lease in Anaheim. In the sale, a local investor/developer purchased an 18k sf office buildin...
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• Keystone Pacific Lands Big OC Management Contract
7/01/09
In news of a significant multifamily management assignment just handed out in southern Orange County, Keystone Pacific Property Management Inc has been awarded the management contract for Colinas de Capistrano, a master-plann...
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• Turner Development Closes Opportunity Fund
6/24/09
Newport Beach-based Turner Development Corporation has just closed its Turner Opportunity Fund I L.P, which will be used to acquire distressed commercial real estate assets and pools of performing and non-performing loans. Th...
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• Bacchus Sells Seven Buildings at Irvine Spectrum Development
6/22/09
Seven buildings, totaling 45.6k sf, have sold in the last 30 days at BaccHus Signature Series, a 265.8k sf office park located in Irvine Spectrum, with prices averaging $225 per square foot. The project, developed by locally ...
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• It’s Prime Time for Big OC Apartment Buy
6/17/09
In what is reported to be one of the largest investment sales of the year in Orange County, the 349-unit Adagio at South Coast apartment complex in Santa Ana sold for $43.1 mil ($123.5k/unit). The property, located at 3124 So...
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• Western National Property Management Kicks Off Expansion Program
6/16/09
In an effort to grow its third-party fee management portfolio, OC-based Western National Property Management has initiated an expansion program in the Western US. The firm has opened an office in Phoenix, AZ, led by 20-year i...
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• Keystone Hires Three New Team Members
6/15/09
Irvine-based Keystone Pacific Property Management has hired three new team members at the OC property management company. Joining the Irvine office as community association managers are Tracie Manriquez and Pam Poliakoff, a r...
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• OC Investors Still Willing to Pay Top Dollar for the Right Property
6/12/09
Two properties in Orange County sold at or near record comps recently, demonstrating that unique properties are still coveted by buyers and able to command high prices per square foot, even in today’s challenging investment m...
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• Abbey Acquires City Parkway in Orange
6/05/09
The Abbey Company, out of Long Beach, acquired City Parkway, a three-building, 457k sf Class A office complex in the City of Orange. The property was sold by Maguire Properties, the LA-based office REIT which has been in the ...
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• Engineering Firm Takes 100k sf of North OC Warehouse Space
6/04/09
Here’s the scoop on what we’re told is the largest lease in North Orange County since October 2007, as Arden Engineering agreed to a five-year deal for a 100k sf manufacturing/warehouse space in Anaheim for an undisclosed amo...
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• Transpacific Closes $73 Mil OC Office Buy
6/03/09
In what is said to be the largest Orange County office sale so far this year, Transpacific Development Company (TDC) purchased a 270k sf Irvine office complex in a transaction valued at around $73 mil. The acquisition consist...
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• OC Office Hunter Goes on Safari
5/27/09
In what is being touted as one of the largest office investment deals in Orange County so far in 2009, Edison Spectrum Partners LLC acquired the 47.8k sf Safari Technology Park in Irvine. The price was not disclosed, although...
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• Argent Lands 2 msf of SoCal Retail Leasing Assignments
5/21/09
Dana Point-based Argent Retail Advisors recently inked 2 msf of new retail leasing assignments throughout Southern California on behalf of a number of major landlords in the region. Argent, led by Principal Terry Bortnick and...
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• Investor Exchanges into Lake Forest Jack-in-the-Box
5/20/09
The south OC city of Lake Forest recently saw two notable retail transactions, a sale and a lease. In one of the deals, an investor acquired a 2.8k sf Jack-in-the-Box property located at 20101 Lake Forest Dr, just south of th...
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• U.S. Bank National Association Takes 82k sf of OC Office Space
5/12/09
U.S. Bank National Association inked a 10-year lease for 82.5k sf of space at 3121 Michelson in Irvine, in what has to be seen as a good sign for the OC office market, which took a considerable hit as a result of the sub-prim...
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• NAI Capital Expands Newport Beach Office
5/11/09
Regional real estate services firm NAI Capital is expanding its operations in Orange County with the addition of six new brokers at the company’s Newport Beach office. The new hires are: brokers Charles S. “Chip” Dever III, S...
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• Northgate Gonzalez Markets Inks Deal for 375k sf Anaheim Distribution Center
5/07/09
Northgate Gonzalez Markets has inked a 15-year lease for a yet-to-be-constructed 375k sf warehouse and distribution center in Anaheim that the company intends to use as its future support center. The project will be construct...
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• Diamond is a Jewel for the Homeless in Anaheim
5/07/09
The city of Anaheim recently saw the opening of a new multifamily development that provides both housing and mental health supportive services for previously homeless individuals and their families in Orange County. The 25-un...
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