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March 29, 2024
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ORANGE COUNTY NEWS
Archive
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• Isotis Orthobiologics Renews 44k sf Irvine Industrial Space
8/02/11
Isotis Orthobiologics completed a five-year, $2.4 mil renewal for 43.5k sf ($0.92/sf/mo) of industrial space in Irvine. The property is located at 2 Goodyear in Irvine, near the corner of Jeronimo Rd and Bake Pkwy. Isotis Or...
Price: $4.99
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• Hines / Oaktree Venture Purchases 200k sf Irvine Office Complex
8/02/11
A venture of Hines and a subsidiary of a real estate fund managed by Oaktree Capital Management L.P. recently acquired Alton Corporate Plaza in Irvine from Legacy Partners Commercial Inc. The two-building, 205.3k sf office c...
Price: $4.99
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• Japanese Supermarket Inks Deal for New Irvine Location
7/28/11
Mitsuwa Marketplace, the nation’s largest Japanese supermarket, has added a new OC location after signing a lease for 13.9k sf of retail space at Heritage Plaza, a 233k sf neighborhood center in Irvine. The property, owned by...
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• Incipio Leases 110k sf of Irvine Industrial Space
7/27/11
In a big OC industrial lease, Incipio agreed to a seven-year deal for 110.4k sf of R&D/manufacturing space at the Oak Canyon Business Center in Irvine. The property is owned by the Irvine Company. Located at 6001 Oak Canyo...
Price: $4.99
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• Donahue Schriber Completes $1.2 Bil Recapitalization
7/22/11
Costa Mesa-based shopping center developer Donahue Schriber wrapped up the final piece of a $1.2 bil balance sheet recapitalization, which was accomplished through several transactions. The final piece was a $365 mil refinan...
Price: $4.99
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• Special Servicer Collects $70 Mil from Sale of Irvine Office Tower
7/21/11
A joint venture between Ocean West Capital Partners and Dune Real Estate Partners has acquired 2600 Michelson, a 307.7k sf, Class A, multi-tenant office building in Irvine, for a price in excess of $70 mil ($228/sf). As repo...
Price: $4.99
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• Voit Reports Over 1 MSF of Positive Net Absorption in OC Industrial Market
7/20/11
The following is Voit’s Summary of its Second Quarter Orange County Office and Industrial Market Reports In the second quarter of 2011, Orange County’s industrial market posted nearly 1.1 million square feet of positive abs...
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• OC Industrial Buyer Purchases Some Freedom
7/20/11
A 49.5k sf industrial building located in the City of Orange sold in a recent $4.1 mil ($83/sf) transaction. Located at 337 W. Freedom Ave, south of Lincoln Ave and about midway between the 55 and 57 freeways, the property wa...
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• Great Far East Closes $56 Mil OC Office Buy
7/18/11
7700 Irvine Center Drive, a nine-story, 209k sf office tower in the Irvine Spectrum area of Orange County, just traded hands for approximately $56.5 mil ($270/sf). The high-rise was sold by American Spectrum Realty and was pu...
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• Premier Business Centers Opens New Sherman Oaks Location
7/18/11
Irvine-based Premier Business Centers has opened a new location in the San Fernando Valley, at Valley Executive Tower (City National Bank Building) in Sherman Oaks. Located at 15260 Ventura Blvd, at the intersection of Ventu...
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• Westwood Financial Collects $14.5 Mil from OC Sale
7/15/11
The Brea Center, a 56.9k sf retail center in the City of Brea, was purchased by Gerrity Atlantic Retail Partners LLC for $14.5 mil ($255/sf). The asset was sold by Westwood Financial Corp as part of the big retail REIT’s curr...
Price: $4.99
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• Western National Closes $30 Mil OC Multifamily Buy
7/14/11
Western National Realty Advisors has acquired La Ramada Apartments, a 193-unit apartment community in Anaheim, for $31 mil ($160.6k/unit). Located at 2965 E Jackson Ave, east of the 57 Fwy and just south of the 91 Fwy, the co...
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• Bridgeport Investments Arranges $14 Mil Equity Investment in 20 Days
7/14/11
OC-based Bridgeport Investments arranged a $14 mil equity investment in just 20 days by creating a joint venture partnership on behalf of its client, CapRock Partners. The partnership purchased a note secured by a vacant ind...
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• Orange County Showing Slow and Steady Economic Improvement
7/13/11
The following is the report provided by Jones Lang LaSalle for Orange County office space in the second quarter 2011. The unemployment rate in Orange County was 8.5 percent in May, slightly lower than the revised 8.6 percent...
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• DEXUS Spends $18 Mil on La Palma Building
7/12/11
DEXUS Property Group recently completed a newsworthy OC industrial buy, having paid $18.3 mil for a 292k sf ($63/sf) facility in the City of La Palma. The building is located at 5911 Fresca Dr, west of Valley View Ave and nor...
Price: $4.99
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• MIG Real Estate Closes $20 Mil AZ Buy
7/08/11
OC-based MIG Real Estate just closed on a sizable Arizona acquisition, Scottsdale Centre, a 164k sf property located at 7373 B. Scottsdale Rd in Scottsdale. The asset, which was sold by Arden Realty, traded for $20.8 mil ($12...
Price: $4.99
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• Bascom Group and Koelbel and Company Obtain $167 Mil in New Financing on 1,500-Unit Denver Res Community
7/08/11
Here’s the scoop on a major Colorado financing transaction, as HFF arranged $167 mil in first trust deed and mezzanine financing for The Breakers Resort, a six-village, 1,523-unit, Class A multi-housing community in Denver. T...
Price: $4.99
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• Fully Leased Anaheim Office Property Sold for $13 Mil by Wells Fargo
7/07/11
In a recent Orange County office sale, a 75k sf building in Anaheim sold for $13 mil, or about $173/sf. The property, Anaheim Hills Office Plaza, was fully leased at the time of the sale and was sold as a multi-tenant leased ...
Price: $4.99
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• Charter Hall and MPG Obtain New Financing of $160 Mil on One California Plaza
7/07/11
A joint venture between Charter Hall Office REIT and MPG Office Trust Inc has obtained a new debt facility worth up to $160 mil for One California Plaza, a 42-story skyscraper in downtown Los Angeles. MPG has a 20% interest i...
Price: $4.99
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•  Western Realco Closes $19 Mil Irvine Industrial Buy
7/05/11
Western Realco recently wrapped up a $19.05 mil acquisition of a 183k sf ($104/sf) industrial building in Irvine, in what is said to be the second largest industrial acquisition transaction in the Orange County airport area s...
Price: $4.99
Executive Subscriber Price: Free
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