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• Trio of Leases Bring Brea Office Building to Fully Leased
5/09/11
Fairway Center, a 145k sf office building located at 1800 East Imperial Hwy in the city of Brea, is now fully leased, just 90 days after the structure stood at just 29% leased. The jump is a result of three recent transaction...
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• New $31 Mil Cogeneration Plant Completed at John Wayne Airport
5/05/11
Construction of the new Central Utility Plant (CUP) and Cogeneration Facility at John Wayne Airport in Orange County was just completed. The new project, built by Barnhart Balfour Beatty, will provide 95% of the Airport’s pow...
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• CT Realty and WLCM Team Up in SoCal Apartment Investment Venture
5/03/11
CT Realty Investors and WLCM have entered into a joint venture to acquire apartment communities in select coastal submarkets throughout Southern California. The CT joint venture just acquired three communities in Costa Mesa ...
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• L.A. Fitness Leases 47k sf Gym Space in Mission Viejo
5/02/11
L.A. Fitness International LLC just signed off on a 15-year lease for 47k sf of retail space at Kaleidoscope Courtyards in Mission Viejo. L.A. Fitness will use the space for a new gym, slated to open for business in early 201...
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• Pfizer Closes $42 Mil Anaheim Industrial Buy
4/28/11
Pharmaceutical giant Pfizer Inc just acquired a 281.5k sf Class A distribution facility in Anaheim for $42 mil ($149/sf). The building, located at 4663 La Palma Ave, north of the 91 Fwy and just east of Lakeview Ave, was leas...
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• Panottoni Development Finds Religion in $20 Mil OC Sale
4/27/11
Eastside Christian Church has purchased two buildings in Anaheim from Panatonni Development Company for $20 mil. The acquisition consists of a 200k sf, two-story flex building and a 200k sf, six-story office building on 20 ac...
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• Peregrine Realty Partners Merges with ZMI Real Estate
4/22/11
Peregrine Realty Partners, an LA-based real estate advisory and investment company, has merged with ZMI Real Estate, a real estate investment firm led by Stephen Zotovich and based out of Newport Beach. The combined company w...
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• Condo Sales Odyssey Comes to an End in Irvine
4/21/11
In sales activity from Irvine, 24 of the 32 medical office suites at Odyssey Medical Center recently sold to 19 private owner/users. Sold out of foreclosure, the aggregate sale price for the 37.6k sf of space, located at 22 ...
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• OC Senior Housing Facility Sells for $5.6 Mil
4/18/11
Care Senior Living paid $5.6 mil for a senior housing facility located at 2619 Orange Ave, just east of the 55 Fwy and a block north of Del Mar Ave in Costa Mesa. The property was sold by local investors Victor Charnetsky and...
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• Sheetmetal Firm Buys Fountain Valley Industrial Property
4/08/11
A 20.4k sf industrial property in Fountain Valley was purchased by KB Sheetmetal Inc for $2.36 mil ($116/sf). The property is located at 17371 Mount Wynne Circle, near the 405 Fwy.
KB Sheetmetal is a locally based sheetmetal...
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• Irvine Company Apartment Communities Wins Award for Real Estate App
4/08/11
In notable industry tech news, Irvine Company Apartment Communities (ICAC) has won the “Best Real Estate Application” in the Web Marketing Association's 9th Internet Advertising Competition for an iPhone application (app) tha...
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• Panasonic Leases 300k sf Anaheim Distribution Facility
4/07/11
International consumer electronics company Panasonic Corporation has leased the 300k sf Anaheim Concourse Distribution Center located at 3454 E. Miraloma Ave in Anaheim. The deal marks a relocation and expansion of Panasonic...
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• Draftsmen & Craftsmen
4/05/11
Tustin Centre Office Building, a recently constructed, $13 mil, office building owned by The Muller Company and BlackRock Realty, has become the first LEED Core Shell Gold office building in Southern California. Designed by N...
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• CJ Segerstrom Has an Affinity for Medial Office Tenants in Costa Mesa
4/01/11
Affinity Medical Technologies recently inked a 10-year, $4.8 mil lease for a 42.5k sf ($0.94/sf/mo) office building in Costa Mesa. The property, located at 3545 Harbor Blvd, is currently occupied by Affinity Medical.
Affini...
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• Grubb & Ellis Receives $18 Mil Commitment from Colony Capital
3/31/11
National real estate services firm Grubb & Ellis has received a financing commitment of $18 mil from Santa Monica-based Colony Capital LLC, the private equity company led by Chairman and CEO Thomas J. Barrack Jr. As part of t...
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• Bixby Land Closes $58 Mil in Industrial Acquisitions
3/31/11
Bixby Land Company has purchased four Class A industrial properties totaling approximately 850k sf. The acquisitions – which total $58 mil -- increase Bixby Land Company’s wholly owned portfolio to more than 5 msf and point t...
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• Magellan Sells Final Condo at Fullerton Redevelopment Project
3/29/11
The Magellan Group has sold the final industrial condominium at Valencia Business Center, the firm’s 220k sf industrial redevelopment project in Fullerton. The $35 mil project began with Magellan’s acquisition of the original...
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• Joint Venture Spends $23 Mil on 366k sf OC Industrial Building
3/25/11
A joint venture between Alliance Commercial Partners and CarVal Investors LLC purchased 2001 E. Dyer Rd, a 366k sf industrial building in Santa Ana. The property was acquired out of receivership from Taylor B. Grant of Calif...
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• Jones Lang LaSalle Lands OC Office Leasing Assignment
3/22/11
In recent OC news, Jones Lang LaSalle has been awarded the leasing for Newport Beach Financial Plaza, a 54k sf Class A office building located at 4343 Von Karman Ave, between MacArthur Blvd and Jamboree Rd in Newport Beach.
...
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• NorthMarq Arranges $25 Mil in Two Separate OC Industrial Financing Deals
3/15/11
NorthMarq Capital arranged $19.5 mil in first mortgage financing for Makena Commercenter, a 296.6k sf industrial property located in Lake Forest. Financing was based on a 10-year term and a 30-year amortization schedule, and ...
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