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September 21, 2020
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ORANGE COUNTY NEWS
Archive
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• Trio of South OC Multifamily Assets Fetch $201 Mil
5/06/09
CBRE Capital Markets group arranged financing for the transaction, while Sherry Meyerhoff Hanson & Crance LLP handled legal matters for Stoneridge on both the purchase and financing of the property. Fairfield Properties LLP w...
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• Voit Closes $9 Mil in OC Industrial Sales
5/05/09
Voit Real Estate Services’ Commercial Brokerage division, one of the most active real estate services firms in Orange County, recently closed three industrial sales transactions in the region. The deals, which total up to abo...
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• 50k sf Yorba Linda TI Project is for a Nobel Cause
4/29/09
In a construction update from Orange County, design work has been completed and construction has begun for Nobel Biocare’s manufacturing and office renovation project in Yorba Linda. The existing two-story manufacturing/offic...
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• OC-Based KBS Signs Dresser at Millenium Tower in Addison, TX
4/27/09
Newport Beach-based KBS Real Estate Investment Trust continues to lease up in growing Texas office portfolio. In the latest deal, Dresser Inc, a provider of energy infrastructure products, has signed a long-term extension of ...
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• Unique Huntington Beach Restaurant Property Shore Sold Fast
4/24/09
A 5.7k sf restaurant property in Huntington Beach that has been the home of the Shore House Café for more than 15 years was purchased by a local private investor for $1.8 mil, or $316/sf. The buyer intends to continue restaur...
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• SmileCare Sinks Its Teeth into OC Sublease Renewal
4/22/09
Community Dental Services, better known as SmileCare, extended its sublease for 23.1k sf of office space in Santa Ana from MSC Software. SmileCare inked a new five-year deal worth $2.5 mil ($1.80/sf/mo) for the full-floor spa...
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• Shea Recognized for Superior Portfolio
4/21/09
A major OC owner/developer, Shea Properties, was recently recognized for excellent management of its multifamily properties. The company, based out of Aliso Viejo, received a Superior Portfolio Score by SatisFacts Research LL...
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• Bacchus Sells Seven Buildings over Past 30 Days at Irvine Spectrum Development
4/20/09
Bacchus Development has sold seven buildings, totaling 45.6k sf, in the last 30 days at BaccHus Signature Series, a 265.8k sf office park located in Irvine Spectrum. Prices for the sales averaged $225/sf. The project, locat...
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• Huntington Beach Industrial Building Sells for $2.7 Mil
4/10/09
In a recent Orange county industrial property buy, Advance Scientific Enterprises Inc (dba Bensons’ Import) acquired a 20.4k sf facility at 7442 Vincent Circle, west of Beach Blvd and north of Garfield Ave in Huntington Beach...
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• Accounting Firm Takes 18k sf of Brea Office Space
4/09/09
Accounting/consulting firm Moore Stephens Wurth Frazer and Torbet LLP (MSWFT) inked a seven-year commitment in Brea, agreeing to a $3.35 mil lease for 19.2k sf ($2.08/sf/mo) of office space at 135 South State College Blvd, no...
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• 122k sf South OC Retail Center Trades Hands
4/08/09
The Shops at Lake Forest, a 122.5k sf neighborhood shopping center on a long-term ground lease in Lake Forest, recently traded hands. The center is located at 23812-24422 Rockfield Blvd, just off the El Toro Rd exit of the 5 ...
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• KBS Realty Advisors Nabs 500k sf Texas Office Tower
4/07/09
Newport Beach-based KBS Realty Advisors recently added to its growing portfolio of Class A office properties in Texas with the acquisition of Providence Towers, a 504.7k sf, 12-story tower in the Far North Dallas Tollway subm...
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• Maguire Completes $22 Mil Sale of Irvine Office Building to Allergan
4/01/09
Allergan has finalized its purchase of an 86k sf office building at 18581 Teller in Irvine from Maguire Properties for $22 mil ($256/sf). The building is Allergan’s HQ offices and is one of a number of locations the company o...
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• There’s No Place Like Home for Retail Buyer
3/30/09
An 8.1k sf multi-tenant retail strip center in Santa Ana sold for $4.325 mil in a deal that valued the property at roughly $532/sf. The property, known as Home Place, is located at 1935 East 17th St, west of the 55 Fwy and no...
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• New Luxury Anaheim Apartment Complex is Completed
3/27/09
A new, resort-style luxury apartment development in Anaheim has just opened to the public. The 265-unit project -- 1818 Platinum Triangle -- is located in the heart of Platinum Triangle, an 820-acre mixed-use development surr...
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• Investor Pays $14.4 Mil for Three Single-Tenant Buildings in Mission Viejo
3/25/09
Three single-tenant buildings that are pad sites to the Trabuco Hills Shopping Center in Mission Viejo sold at a combined price of $14.4 mil, or about $594/sf. Current tenants at the buildings are Walgreens, Ramona Tire and C...
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• OC Investor Feeling Good After $9 Mil Walgreens Purchase
3/19/09
A 13.4k sf retail property in Alison Viejo occupied by Walgreens recently traded hands in a transaction valued at $8.86 mil ($661/sf). The property is situated adjacent to Lowe’s on 1.76 acres at the northwest corner of Aliso...
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• Latest La Mirada Office Tenant is a Champion
3/12/09
Champion Exposition Services Inc leased a 76.2k sf office building in a five-year, $3.3 mil ($0.72/sf/mo) deal. The building is located near the I-5 Fwy at 14701 Industry Circle, north of Artesia Blvd and east of Valley View ...
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• Voit to Unify Its Services in Effort to Better Assist Clients
3/10/09
Today’s challenging business environment is a call to action for commercial real estate companies, many of which are refocusing their company mission and services to better accommodate their clients’ needs. One such company i...
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• Latest Voit Deals Ring Up $9.2 Mil
3/09/09
Voit Commercial Brokerage, the active, Irvine-based real estate services firm, recently handled four OC sales transactions with a combined price tag of $9.2 mil. The deals were in Brea, Anaheim, Orange and Fullerton. We’ll l...
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