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June 22, 2024
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ORANGE COUNTY NEWS
Archive
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• Anaheim Industrial Facility Goes for $137/sf
11/17/09
U.S. Union Tool Inc paid $3.8 mil for a 27.8k sf ($137/sf) industrial building in Anaheim. We’re told that the sale represents the highest price per-square-foot for a sale in North Orange County of more than 20k sf within the...
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• Ingham Named Brokerage Leader in JLL’s OC Office
11/16/09
Jones Lang LaSalle has named Jeffrey Ingham as Brokerage Leader in the firm’s OC office. Ingham, a top producer in SoCal for the company for the past 14 years, will be responsible for leading the company’s team of 15 leasing...
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• Hybrid Should Help OC Leasing Environment
11/12/09
Here’s the scoop on a sizable OC industrial sublease, as Hybrid Promotions LLC, a screen printing company, agreed to a 45-month deal for 178.9k sf of space in a Huntington Beach facility, which will serve as the firm’s corpor...
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• CBRE Lands Leasing Assignment for Bayview Corporate Center
11/11/09
S.K. Hart Properties has awarded the leasing assignment for Bayview Corporate Center, a 320k sf complex in Newport Beach, to CB Richard Ellis. S.K. Hart, an affiliate of S.K. Hart Management, acquired the 320k sf OC office co...
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• Cabinet Hardware Distributor Signs Renewal for OC Industrial Property
11/11/09
Louis and Company, an OC-based distributor of cabinet hardware, signed a five-year lease renewal at 895 Columbia, north of Imperial Hwy and west of the 57 Fwy in Brea, keeping the company – and approximately 80 jobs – in the ...
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• Coreland’s Galentine Named State Court Receiver for 1.23 msf of SoCal Properties
11/04/09
Coreland Companies' Principal Patrick Galentine has been appointed State Court Receiver in matters involving four assets located in Southern California totaling 1.23 msf of retail, office and industrial space. The company wil...
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• CT Realty Changing Up Management as Company Looks to Jump Back into the Market
10/27/09
OC-based CT Realty Corp is looking to become an active investor again, as acquisition opportunities for institutional quality distressed real estate begin to surface. CT is expanding its senior management team as it looks t...
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• Dozen Deals Total Up to Nearly $25 Mil for Voit
10/22/09
One of the most active brokerage outfits in Southern California is Voit Real Estate Services’ Commercial Brokerage division, the full-service brokerage arm of Voit and a member of CORFAC International. To give you a better id...
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• New OC Church Sanctuary Building Completed
10/16/09
Construction was just completed on a 16k sf sanctuary building at St. Thomas Korean Catholic Center in Anaheim for the Orange County Diocese. The facility is located adjacent to I-5 at 412 N. Crescent Way, north of Lincoln Av...
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• Highridge Partners Closes $31 Mil OC Office Buy
10/15/09
Highridge Partners has completed the purchase of 3 MacArthur, a 246.8k sf office tower on three acres in the South Coast Metro area of Orange County, in an all-cash transaction valued at $31 mil, or about $125/sf. The acquisi...
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• Voit Brokers Pair of Recent Garden Grove Industrial Leases
10/15/09
Recent industrial leasing activity from Orange County includes a pair of interesting deals in Garden Grove, both of which were brokered by Voit Real Estate Services’ brokerage division. In one of the transactions, Corix Utili...
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• CT/KDF Locks Up $15.5 Mil in Construction Take-Out Money on Azusa Retail Center
10/13/09
Newport Beach-based CT/KDF Community Development Partners LLC financed $15.5 mil in construction take-out funds for Citrus Crossing retail center in Azusa. Located in the southwest quadrant of Citrus Ave and Alosta Ave, Citr...
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• 172-Unit OC Apartment Property Sells for $23.5 Mil
10/12/09
Serena Vista, a172-unit apartment complex in Orange County’s Fountain Valley, traded hands in a recent sale valued at $23.58 mil ($137.1k/unit). The property is located at 10300 La Hacienda Ave, one block south of the 640-acr...
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• CBRE Arranges $16 Mil Loan Mod/Extension for Albuquerque Resort
10/08/09
CBRE Hotels has arranged a $16 mil loan modification and extension of the 280-room Radisson Albuquerque Hotel & Waterpark on behalf of American Property Hospitality Management (APHM). The new financing allows for the indoor ...
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• OC Office Market Nearing Bottom
10/07/09
The Orange County office market is beginning to stabilize, according to third quarter market data from Voit Real Estate Services. “With negative absorption slowing and almost no new projects under construction to increase vac...
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• Western Digital Lands on Park Place in Biggest OC Office Lease of 2009
10/01/09
By Allen Wolfsheimer Computer hardware manufacturer Western Digital has agreed to what is the largest office lease in Orange County so far in 2009, having signed a 10-year deal for 365k sf of space at the Park Place office c...
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• CA Businesses Have a Partner in Obtaining SBA Financing
9/21/09
Partner Energy, an LA-based provider of energy consulting services, has acted as advisor to two California companies in obtaining a total of approximately $7 mil in SBA financing on separate real estate projects in Southern a...
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• 34k sf Fountain Valley Building Sells for $5.5 Mil
9/11/09
The Newport Beach office of NAI Capital recently completed five OC deals totaling over $11.6 mil. In one transaction, a 1031 exchange buyer paid $5.5 mil for a two-building, 33.9k sf ($162/sf) office property located at 9550 ...
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• HFF Arranges $25 Mil on OC Apartment Community
9/01/09
The Orange County office of HFF (Holliday Fenoglio Fowler, L.P.) arranged $25.24 mil in financing for Continental Garden Apartments, a 297-unit affordable housing community in Stanton, CA. Continental Garden Apartments is lo...
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• NJ Firm Takes 235k sf of Industrial Space in Cypress
9/01/09
Empire Warehouse & Distribution agreed to a deal for 235k sf of space in the city of Cypress in what we’re told is the largest industrial lease in Orange County in the last two years. The five-year transaction has a total val...
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