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September 21, 2020
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ORANGE COUNTY NEWS
Archive
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• Four OC Office Leases Total Over $8 Mil
5/20/08
Here’s a review of four recent office lease comps from Orange County, all of which were negotiated by Voit Commercial Brokerage. The deals, which totaled $8.4 mil and ranged from $1.5 mil to $3.3 mil in size, were from Lake F...
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• New Irvine Business Park Opens 30% Leased
5/16/08
The latest Irvine business park to come online is Koll Center III, a 188.4k sf development located one block south of where the 405 and 5 freeways intersect. The project, a development of The Koll Company, was completed in Ma...
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• Draftsmen & Craftsmen
5/13/08
Construction has been completed on a striking new HQ office building for Pacific Life Insurance Company within Parker Properties’ Summit Office Campus in Aliso Viejo. The nine-story, Class A tower, located at 45 Enterprise, w...
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• Buyers Still Pursuing Orange County Office Assets
5/12/08
Here’s an update on three recent office property sales in Orange County, which totaled up to just under $10 mil in value. The transactions were in the southern OC cities of Newport Beach, Irvine and Rancho Santa Margarita. T...
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• Village People Recognized for Irvine Spectrum Apartment Project
5/07/08
The 31.5-acre master-planned Village at Irvine Spectrum, developed by The Irvine Company Apartment Communities (IAC) and designed by MVE & Partners, was awarded a prestigious Pillars of the Industry Award at The National Asso...
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• Pacific Life Office Tower Completed in Aliso Viejo
5/01/08
The latest addition to the Summit Office Campus in Aliso Viejo – a nine-story, 246.6k sf build-to-suit office tower for Newport Beach-based Pacific Life Insurance Company -- was recently completed. Situated on roughly 5.5 acr...
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• NAIOP SoCal to Recognize RE Pros Who Represented USA at Past Olympics
4/30/08
In honor of the athletic achievements of many Southern California real estate professionals, NAIOP SoCal will recognize some of the local leaders who have represented the USA in past Olympics at this year’s annual Night at th...
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• Maguire Refinances Griffin Towers
4/29/08
Maguire Properties, the large embattled REIT led by Rob Maguire, has paid off the existing $200 mil mortgage on its Griffin Towers office property in Orange County, which was set to mature on May 1, 2008. The repayment was fu...
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• Marcus & Millichap Arranges $23 Mil Financing for Buena Park Multifamily Buy
4/25/08
Financing of $23.4 mil for Calera Investment Group’s purchase of the 184-unit Brookstone Apartments in Buena Park was arranged by Marcus & Millichap Capital Corporation (MMCC) and provided by Mesa West Capital. It includes mo...
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• Buchanan Takes Over Management Contracts for Three Funds
4/24/08
OC-based Buchanan Street Partners was recently awarded investment management contracts from three commingled real estate investment funds that were formerly managed by San Francisco-based investment advisors, Maier Siebel Bab...
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• OC Office Rents Continue to Rise
4/18/08
Average asking rents for office space in Orange County continue to rise, despite a slowing economy and a notable jump in vacancy rates in the region following the implosion of the sub-prime market. The average asking full-ser...
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• Mesa West Provides $23 Mil for Buena Park Apartment Buy
4/18/08
Financing for a recent $23.4 mil Orange County multifamily investment deal was provided by SoCal-based Mesa West Capital. The property is Brookstone Apartments, a 184-unit complex located on the corner of Artesia Blvd and Wes...
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• Midwest Bank Takes a Shining to Irvine Office Space
4/11/08
In a recent Irvine office lease, Waterfield Bank, a federal savings bank based in the Midwest, has taken two floors of space totaling approximately 30k sf at the 18-story high-rise formerly known as Tower 17 in an eight-year ...
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• Westminster Multifamily Asset Sells for $171k/Unit
4/08/08
The Trask Apartments, a 52-unit apartment complex in the city of Westminster, was purchased by a Newport Beach investor for $8.9 mil, or roughly $171.1k/unit. The asset, which was sold by Rohnert Park-based Trask Limited Part...
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• Koll Co Completes Work on Irvine Spectrum Biz Park
4/03/08
Construction is finished on Koll Center Irvine III, a 188k sf business park built by Koll Company and consisting of 56 for-sale office/R&D units in Irvine Spectrum. Located on a 12-acre site at Bake Pkwy and Research Dr, a bl...
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• Investors Snap Up OC Retail Opportunities
4/01/08
Well-located retail properties are still attracting considerable investor interest, even with the increasing difficulties in obtaining financing for the deals. In Orange County, a 35.1k sf retail asset at 1020-1098 N. Euclid ...
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• Schnioda has Designs on 135k sf Santa Ana Facility
3/20/08
A recent industrial lease in central Orange County is an example of the continuing demand for well-located industrial space throughout the region, where supply remains limited. In this latest transaction, Schnioda Design Cent...
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• Brea Strip Center Sells at 4.7 Percent Cap Rate
3/18/08
A 6.6k sf strip center in the OC town of Brea traded hands in a recent $3.12 mil ($473/sf) deal with a 4.7 percent cap rate. The multi-tenant asset is situated on .53 acres at 401 North Brea Blvd, just north of the Birch Stre...
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• OC Sales Review Covers Recent Deals from Around the County
3/14/08
While we’re definitely seeing a slowdown these days in deal velocity, thanks in no small part to the ongoing credit crunch, transactions do continue to get done. For those of you who follow sales comps from Orange County, we’...
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• In Lake Forest, You Can’t Fight City Hall, but You Can Lease It
3/11/08
The City of Lake Forest renewed its lease for a 52.3k sf office building at 25550 Commercentre Dr, south of Bake Pkwy and west of Dimension Dr, which has served as the Lake Forest City Hall since 2003. The city has agreed to ...
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