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July 7, 2020
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ORANGE COUNTY NEWS
Archive
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• OC Deal Review
7/30/08
For those of you who like to keep on top of the latest deal comps from Orange County, we have five transactions from the past month or so to share with you in this report. The update includes two office leases, two land purch...
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• Anaheim Apartment Property Listed at $56.5 Mil
7/29/08
A 286-unit Anaheim apartment property has come on the market with a listing price of $56.5 mil, which works out to about $197.6k/unit. The asset, Mariposa, is located at on an 11.5-acre lot at 175-211 South Rio Vista St, sout...
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• New RENTV Executive Report: Orange County Hot Transactions
7/28/08
Here’s a great way to keep up with all of the transaction activity throughout Orange County over the past year. RENTV’s latest executive report -- a compilation of closed office, industrial and retail sale and lease comps fro...
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• OC Firm Has “Georgia on Its Mind”
7/28/08
OC-based KBS REIT just closed on a sizable asset acquisition in Georgia, having paid $34.75 mil for Great Oaks Center, a 235.2k sf ($148/sf) business campus in Alpharetta, GA, a prime North Fulton/Forsyth County submarket of ...
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• Voit Closes OC Office and Industrial Sales
7/25/08
The pros at Voit Commercial Brokerage tend to handle a large number of the transactions around Orange County. Here’s a look at five recent office and industrial sales, totaling $8.9 mil, which were brokered by Voit. The trans...
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• Transwestern Acquires Pair of Culver City Office Towers from Arden Realty
7/24/08
Madison Partners, the West LA-based brokerage firm founded by Bob Safai, was involved in three recent office deals, totaling more than 650k sf of space, which just closed escrow. The properties, located in Culver City, Centur...
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• Aliso Viejo’s Summit is the Right Space for TechSpace
7/23/08
In a sizable Aliso Viejo office deal, TechSpace agreed to a nine-year renewal lease for 86.4k sf of office space within the master-planned 1.7 msf Summit Office Campus, enabling the company to continuing offering its flexible...
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• Magellan Discovers Strong Demand for New Fullerton Biz Park
7/18/08
Magellan Group, a Los Angeles-based real estate investment and development firm, has sold 11 industrial buildings totaling 115.5k sf at its newly developed Valencia Business Center in Fullerton for a total of $21.3 mil ($184/...
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• New Fitness Resort Leads to Renaissance in Aliso Viejo
7/17/08
The new Renaissance ClubSport Aliso Viejo Hotel & Fitness Resort – the first full-service hotel in the city – has just opened its doors to the public. The project is located within Summit Office Campus, a Class A, 1.7 msf, mi...
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• OC Office Construction Slows With Increasing Vacancy Rates
7/10/08
Development of new office space in Orange County has slowed dramatically as the region adjusts to a significant amount of space coming back on the market following the meltdown in the financial markets and, in particular, to ...
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• Draftsmen & Craftsmen
7/08/08
McCarthy Building Companies recently topped out the new Mission Hospital Patient Care Tower in Mission Viejo when steel workers from Schuff Steel placed the final structural steel I-beam on the braced-frame steel structure. ...
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• Tenants and Visitors Will Want to Get Stranded at New Huntington Beach Project
7/07/08
A unique oceanfront development, currently under construction in Huntington Beach, will consist of 68k sf of retail space and 30k sf of office space, along with a 157-room boutique hotel called Shorebreak and two levels of be...
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• KBS Realty Advisors Acquires OC’s Dupont Centre
7/02/08
Adam Edwards of Eastdil Secured Capital represented the seller in the transaction, while KBS represented itself. Founded by Peter Bren and Chuck Schreiber in 1992 as a private equity real estate company, KBS Realty Advisors ...
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• KBS REIT Closes Offering with $1.67 Bil in Proceeds
6/27/08
KBS Real Estate Investment Trust Inc (KBS REIT), a non-traded real estate investment trust, closed its offering period as of May 30, 2008, having raised $1.67 bil aggregate gross offering proceeds since the first shares were ...
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• Move Over Disneyland – La Mirada May Be the Happiest Place on Earth
6/26/08
Unhappy with life where you live? Move to La Mirada! According to recent survey results, local residents view La Mirada as a great place to live and are overwhelmingly satisfied with local government (maybe LA Mayor Villaraig...
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• PRES Companies Closes Eight Condo Sales in Newport Beach
6/25/08
The PRES Companies recently wrapped up sales of eight office condominiums in its newly completed projects, Dove Office Condos and Quail Office Condos. Both projects are located in Newport Beach, in the heart of the city’s cen...
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• SVN Equities Discovers Columbus Market
6/24/08
Irvine-based SVN Equities recently acquired a three-property portfolio totaling 416.2k sf of space in Columbus, Ohio for approximately $20 mil ($48/sf), in a deal that marks SVN’s initial foray into the Columbus market and th...
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• Major Changes Underway at Maguire
6/18/08
Barely one month after taking over the helm of SoCal office landlord Maguire Properties, President and CEO Nelson Rising has announced a number of key initiatives designed to ultimately maximize value for the company’s shareh...
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• Heslin Becker Acquires 2nd Albertsons Property in Stanton
6/17/08
Heslin Becker Properties LLC recently closed its second purchase of a former Albertsons property in the OC town of Stanton, after purchasing a 30k sf ($200/sf) store located at 7050 Katella Ave, east of Knott Ave in close pro...
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• Calypso Opening is Music to Upscale Irvine Renters’ Ears
6/12/08
A new and exciting residential development in the heart of Irvine, Calypso Apartments and Lofts, just opened its doors. The 177-unit urban boutique rental community, developed by Shea Properties and located at the intersectio...
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