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• Transwestern Acquires Pair of Culver City Office Towers from Arden Realty
7/24/08
Madison Partners, the West LA-based brokerage firm founded by Bob Safai, was involved in three recent office deals, totaling more than 650k sf of space, which just closed escrow. The properties, located in Culver City, Centur...
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• Aliso Viejo’s Summit is the Right Space for TechSpace
7/23/08
In a sizable Aliso Viejo office deal, TechSpace agreed to a nine-year renewal lease for 86.4k sf of office space within the master-planned 1.7 msf Summit Office Campus, enabling the company to continuing offering its flexible...
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• Magellan Discovers Strong Demand for New Fullerton Biz Park
7/18/08
Magellan Group, a Los Angeles-based real estate investment and development firm, has sold 11 industrial buildings totaling 115.5k sf at its newly developed Valencia Business Center in Fullerton for a total of $21.3 mil ($184/...
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• New Fitness Resort Leads to Renaissance in Aliso Viejo
7/17/08
The new Renaissance ClubSport Aliso Viejo Hotel & Fitness Resort – the first full-service hotel in the city – has just opened its doors to the public. The project is located within Summit Office Campus, a Class A, 1.7 msf, mi...
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• OC Office Construction Slows With Increasing Vacancy Rates
7/10/08
Development of new office space in Orange County has slowed dramatically as the region adjusts to a significant amount of space coming back on the market following the meltdown in the financial markets and, in particular, to ...
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• Draftsmen & Craftsmen
7/08/08
McCarthy Building Companies recently topped out the new Mission Hospital Patient Care Tower in Mission Viejo when steel workers from Schuff Steel placed the final structural steel I-beam on the braced-frame steel structure. ...
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• Tenants and Visitors Will Want to Get Stranded at New Huntington Beach Project
7/07/08
A unique oceanfront development, currently under construction in Huntington Beach, will consist of 68k sf of retail space and 30k sf of office space, along with a 157-room boutique hotel called Shorebreak and two levels of be...
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• KBS Realty Advisors Acquires OC’s Dupont Centre
7/02/08
Adam Edwards of Eastdil Secured Capital represented the seller in the transaction, while KBS represented itself. Founded by Peter Bren and Chuck Schreiber in 1992 as a private equity real estate company, KBS Realty Advisors ...
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• KBS REIT Closes Offering with $1.67 Bil in Proceeds
6/27/08
KBS Real Estate Investment Trust Inc (KBS REIT), a non-traded real estate investment trust, closed its offering period as of May 30, 2008, having raised $1.67 bil aggregate gross offering proceeds since the first shares were ...
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• Move Over Disneyland – La Mirada May Be the Happiest Place on Earth
6/26/08
Unhappy with life where you live? Move to La Mirada! According to recent survey results, local residents view La Mirada as a great place to live and are overwhelmingly satisfied with local government (maybe LA Mayor Villaraig...
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• PRES Companies Closes Eight Condo Sales in Newport Beach
6/25/08
The PRES Companies recently wrapped up sales of eight office condominiums in its newly completed projects, Dove Office Condos and Quail Office Condos. Both projects are located in Newport Beach, in the heart of the city’s cen...
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• SVN Equities Discovers Columbus Market
6/24/08
Irvine-based SVN Equities recently acquired a three-property portfolio totaling 416.2k sf of space in Columbus, Ohio for approximately $20 mil ($48/sf), in a deal that marks SVN’s initial foray into the Columbus market and th...
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• Major Changes Underway at Maguire
6/18/08
Barely one month after taking over the helm of SoCal office landlord Maguire Properties, President and CEO Nelson Rising has announced a number of key initiatives designed to ultimately maximize value for the company’s shareh...
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• Heslin Becker Acquires 2nd Albertsons Property in Stanton
6/17/08
Heslin Becker Properties LLC recently closed its second purchase of a former Albertsons property in the OC town of Stanton, after purchasing a 30k sf ($200/sf) store located at 7050 Katella Ave, east of Knott Ave in close pro...
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• Calypso Opening is Music to Upscale Irvine Renters’ Ears
6/12/08
A new and exciting residential development in the heart of Irvine, Calypso Apartments and Lofts, just opened its doors. The 177-unit urban boutique rental community, developed by Shea Properties and located at the intersectio...
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• Garden Grove Industrial Park Sells for $10 Mil
6/09/08
In a notable Orange County industrial sale, Burke Real Estate Group paid $10.2 mil for Cedargrove Business Park, a 79.9k sf ($128/sf) multi-tenant complex in Garden Grove. It was sold by Herd Partnership.
Cedargrove Business...
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• Alliance Bank Jumpstarts OC Office Market
6/06/08
In a recent deal that could be indicative of a swing in demand for the OC office market, LA-based Alliance Bank has leased a 25.1k sf office building at 1901 Main St, at the corner with MacArthur Blvd in Irvine. The property ...
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• Irvine Medical Office Property Sells for $458/sf
5/29/08
Bristol Park Medical Plaza, a 28.4k sf medical office property in Irvine, traded hands in a recent $13 mil ($458/sf) transaction in which the buyer was an OC-based 1031 exchange investor. The property, situated on 1.7 acres a...
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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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