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Investors See Value in OC Apartment Buys 9/10/10 In recent Orange County multifamily investment buys, two properties traded hands in separate deals totaling over $5 mil. In one of the transactions, a Newport Beach-based private investor acquired a three-building, nine-unit ...
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Premier Business Centers Adds 19th OC Location 9/09/10 Premier Business Centers, the big Irvine-based executive suites provider, has inked a lease for its 12th new location in the past 18 months and now leases in excess of 1 msf nationwide. The new location is at Griffin Towers’ ...
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Steel topped out at John Wayne Airport’s new Terminal C 9/07/10 McCarthy Building Companies topped out structural steel on the new Terminal C at John Wayne Airport in August, when construction workers from W&W Steel Company lifted and secured the final steel beam to the top of the structu...
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Data Processing Firm to Take Over 52k sf Anaheim Facility 9/07/10 A 52k sf industrial building in Anaheim sold for $5.1 mil ($98/sf). Located at 4240 E. La Palma, north of the 91 Fwy and just east of Richfield Rd, the building will be used as the corporate headquarters for InfoSend Inc, a d...
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OC-Based Bascom Closes 360-Unit San Antonio Buy 9/01/10 The Bascom Group LLC has acquired The Retreat at Canyon Springs Apartments, a 360-unit luxury Class A property in San Antonio, TX. Constructed in 2001, the apartment community is located in the city’s exclusive Stone Oak subd...
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CA Retail Deal Update 8/31/10 TEMECULA (Riverside County) -- A private investor purchased Temecula Creek Plaza, a 69k sf retail center located at 31021 – 31141 Temecula Pkwy. Built in 2007, the property is located within close proximity to Temecula Creek ...
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600-Unit OC Apartment Buy Ranks as One of the Largest CA Multifamily Sales for 2010 8/25/10 By Allen Wolfsheimer
In what ranks as one of the largest California multifamily apartment sales so far in 2010, AvalonBay Communities, the Washington, DC-based apartment REIT, has acquired Creekside Meadows, a 628-unit compl...
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Grubb & Ellis Lands leasing Assignment for 1 msf OC Retail Center 8/24/10 Pacific Development Group has awarded the leasing assignment for Foothill Ranch Centre, a 1 msf, four-property retail center in the south OC city of Foothill Ranch, to Eric Lambiase, Walter Pagel and Tom Carpenter of Grubb & ...
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Job Market Starting to Look Up for SoCal Real Estate Grads 8/20/10 Job opportunities within the real estate industry are on the rise for recent graduates, according to the University of California, Irvine’s Center for Real Estate. The Center, which is part of the University’s Paul Merage Sch...
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New RENTV Executive Report: Orange County Hot Transactions 8/19/10 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 sale and lease comps from the region over the past 12 ...
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OC Office Property Trades for $6.5 Mil 8/19/10 In a recent OC office buy, CIT College of InfoMedical Technology, a full-service provider of training in the allied medical and technical fields, acquired a 39.7k sf building in Anaheim for $6.5 mil ($164/sf). Situated on fou...
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RiverRocks Lands 1.6 msf AZ Assignment 8/11/10 Newport Beach-based RiverRock Real Estate Group was awarded the management assignment for a 1.6 msf industrial portfolio in Phoenix, AZ. The portfolio includes 14 large box manufacturing and distribution warehouse buildings. ...
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Edison Mission Energy Inks Deal for 85k sf of HQ Space in Santa Ana 8/10/10 In a positive sign for Orange County’s office market, Edison Mission Energy agreed to a new 10-year lease for 85.3k sf of space at 3 MacArthur Place in Santa Ana, in what we’re told is the second largest new office transactio...
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OC Office Building Sells for Near $3 Mil 8/09/10 A 38.3k sf office building in Orange County traded hands at a price of $2.9 mil or about $76/sf. Located at 1570 E. Warner Ave in Santa Ana, the property is within Brookhollow Office Park, and is just minutes away from the Jo...
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Premier Business Centers Opens New Center in Newport Beach 8/06/10 Premier Business Centers, the big Irvine-based executive office suites firm, recently inked a deal for a new center in Newport Beach after signing a long-term lease at the Conexant Building. Premier took the entire 18.6k sf 9...
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$25 Mil Purchase of Disneyland Courtyard by Marriott Part of Chesapeake’s Big Checkers Game 8/05/10 By Allen Wolfsheimer
Chesapeake Lodging Trust has acquired the Courtyard by Marriott Anaheim Hotel at Disneyland for $25 mil, in a transaction that concludes their purchase of a two-property portfolio from Tarsidia Hotels. T...
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Watt Properties Inks 28 Retail Deals in First Half of 2010 8/03/10 SoCal-based Watt Commercial Properties saw considerable leasing activity within their retail portfolio over the first half of 2010. All told, the shopping center firm executed seven new leases and renewed 21 existing lease co...
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La Habra Apartment Property Sells for Over $8.5 Mil 7/26/10 North Pointe, a 61-unit apartment complex in La Habra, was purchased by a local investor for $8.59 mil ($140.8k/unit). Located at 1001 North Harbor Blvd, just north of Whittier Blvd, the property was sold by a personal trust ...
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Eurocar and Leabo Foods Sign SoCal Industrial Leases 7/23/10 Western States Technologies Inc has signed two new tenants at a couple of its Southland properties in Orange County and the Inland Empire. The transactions have a combined value of $4.2 mil.
In the larger of the two, Euroc...
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James Camp Named Executive Vice President at Greenlaw Partners 7/22/10 James V. Camp has been named Executive Vice President at Greenlaw Partners, a Newport Beach-based real estate investment management and development company. Camp will be involved with managing the firm’s portfolio of commerci...
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