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• Mark Bennett and Mark McAdams Join Orion Property Partners
1/21/11
Industry pros Mark C. Bennett and Mark McAdams have joined Orion Property Partners as principals. Specializing in Orange County’s Airport area submarket, the firm’s veteran brokerage team has been involved in the development...
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• OC Office Market Closes Out 2010 with Positive Absorption
1/18/11
Orange County’s office market has shown positive net absorption over the past two quarters, posting 392.5k sf in the fourth quarter of 2010 and closing out 2010 with overall positive absorption, according to the Fourth Quarte...
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• 24 Hour Fitness Flexes Its Leasing Muscle in Orange County
1/13/11
National gym chain 24 Hour Fitness inked a 15-year lease of a 59.3k sf property within Triangle Square shopping center in Costa Mesa. The property is owned by TSQ Venture Partners/Greenlaw Partners.
Triangle Square is locate...
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• Fieldstone Group to Move Forward with New SoCal Projects
1/12/11
The Fieldstone Group of Companies closed on four SoCal acquisitions of raw land and developed lots, with plans to break ground on new projects this month. The newly acquired properties are located in Dana Point, Rancho Santa ...
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• Mission Viejo Retail Center Undergoing $6 Mil Renovation
1/10/11
Watt Commercial Properties is investing over $6 mil for a complete renovation of the Alicia Towne Plaza retail center in Mission Viejo. Plans for the phased redevelopment include converting an existing Mervyns building into a...
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• Brandywine to Develop 16 Homes in Fountain Valley
1/05/11
Brandywine Homes has acquired a 2.95-acre site in Fountain Valley where it plans to build 16 homes over the next 18 months. The single-family detached home community of Lemongrass will be built on the site, at 18110 Magnolia ...
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• Henry’s Marketplace in Mission Viejo Sells for $7.2 Mil
1/04/11
A 24.2k sf, single-tenant property occupied by Henry’s Marketplace in Mission Viejo was purchased by a Burbank-based investment entity for $7.2 mil ($298/sf). The store is the anchor tenant within Trabuco Hills Shopping Cente...
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• NorthMarq Arranges $9 Mil on OC Retail Center
1/03/11
NorthMarq Capital arranged first mortgage financing of $9.2 mil for Courtyard at La Paz, a 90k sf retail center in Laguna Hills. Located at 25232-25342 McIntyre St, west of I-5 and south of La Paz Rd, the property is home to ...
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• NAIOP SoCal and The Center for Real Estate at UC Irvine Paul Merage School of Business Announce Fellowship Award
12/30/10
NAIOP SoCal and the Center for Real Estate at the UC Irvine Paul Merage School of Business have selected Matt Ottesen, an MBA Real Estate and Finance student at UCI, as the recipient of the CRE-NAIOP SoCal Fellowship, a combi...
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• $3.6 Mil Deal is Largest Huntington Beach Ind Sale by S.F. so Far in 2010
12/27/10
Teacher Created Materials Inc purchased a 38.1k sf Huntington Beach industrial property in what we’re told is the largest industrial building sale year-to-date by square foot in the city. The property, located at 5482 Argosy ...
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• Anaheim Biz Park Sells for Over $9 Mil
12/22/10
In recent industrial investment activity from the city of Anaheim, a 78.9k sf industrial and office business park traded hands at a price of $9.25 mil ($117/sf). The property, at 1240 & 1250 North Lakeview Ave, just north of ...
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• New $73 Mil Performing Arts Center Completed
12/21/10
Construction of Soka University of America’s new Performing Arts Center and Academic Building project, located on 1.9 acres of the Soka University campus, has been completed. The new Performing Arts Center is designated to be...
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• Denver Office Market Looking More Solid with $149 Mil Granite Deal
12/20/10
Newport Beach-based KBS Real Estate Investment Trust II (KBS REIT II) just closed on a major Denver office buy, having paid $149 mil for Granite Tower, a 31-story, 561.7k sf ($265/sf) Class A high-rise in the city’s CBD. The ...
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• Deutsche Bank Berkshire Mortgage Provides $18 Mil on Two OC Multifamily Properties
12/17/10
Deutsche Bank Berkshire Mortgage (DBBM) recently provided $18 mil in financing for the acquisition of two multifamily assets in Tustin. The properties, Tustin Plaza Apartments and Pinewood Apartments, contain a combined 188 u...
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• OC Industrial Lease Worth Almost $8 Mil
12/17/10
In a recent Irvine industrial leasing deal, Latisys-Irvine LLC took 93.4k sf of space at 17622 Von Karman Ave, west of Jamboree Rd and north of Main St. The transaction had a total value of $7.7 mil.
John Griffin of Voit Rea...
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• OC Retail Center Goes for $720/sf
12/16/10
A multi-tenant retail center in Yorba Linda was acquired by an investor for $4.17 mil, or $720/sf. The 5.8k sf property, known as Town Center Plaza, is located at 18503 Yorba Linda Blvd, just east of Imperial Hwy.
Positione...
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• Irvine Office Complex Listed for Sale
12/16/10
The Orange County office of HFF (Holliday Fenoglio Fowler, L.P.) was awarded the marketing assignment for Alton Corporate Plaza, a two-building, 205k sf stabilized office campus in Irvine. HFF’s Ryan Gallagher and Kelly Rohfe...
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• Raw Materials Distributor Leases 120k sf of OC Industrial Space
12/13/10
In a large SoCal industrial lease, E.T Horn Company agreed to a 10-year deal for a 120.3k sf facility in La Mirada, just inside the LA County side of the border with Orange County. The property is located at 16050 Canary Ave...
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• Mini Cooper Pulls into Vacant Santa Ana Auto Dealership
12/10/10
A 3.3-acre vacant auto dealership property in the city of Santa Ana was acquired by Santa Ana Properties II, an investment entity that also owns and operates the nearby Mini Cooper Auto dealership. The property is located at ...
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• First Phase of Renovations Completed at Huntington Beach Complex
12/10/10
Big changes are underway at Pierside Pavilion, an 86k sf mixed-use property in Huntington Beach. The first phase of a major renovation was just completed at the four-level retail, dining and office complex. The center is loca...
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