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June 22, 2024
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ORANGE COUNTY NEWS
Archive
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• Deep Discounter Takes Riverside Retail Space
2/12/09
A pair of SoCal retail leases negotiated by Tustin-based Coreland Companies totaled up to around $4 mil in total value. In the larger of the deals, dd’s Discounts inked a 10-year, $2.58 mil lease for 20.2k sf ($1.06/sf/mo) of...
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• Santa Ana Retail Property Trades for $7.4 Mil
2/11/09
A 23.5k sf retail property in the city of Santa Ana traded for $7.425 mil ($316/sf). Known as Harbor Square, the property is situated on 1.89 acres of land at 100-120 S. Harbor Blvd, south of the 22 Fwy and east of the 405 Fw...
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• Food Manufacturer Uses Its Noodle in OC Lease
2/06/09
IHOI Inc, an instant noodle and soup-base food manufacturer, is relocating to a 155.8k sf industrial building in Irvine after agreeing to a three-year lease for the property, with options to extend. The value of the lease wa...
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• WCV Closes 200k sf of OC Industrial Leases
2/05/09
WCV Commercial Properties, a Chicago-based real estate company, recently closed on six leases, totaling roughly 200k sf, within its 3.3 msf Orange County industrial portfolio. These leases accounted for approximately 40 perce...
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• Voit Racks Up $11 Mil in OC Industrial Sales
1/27/09
In this report, we’ll provide a rundown on a series of seven recent OC industrial sales totaling $11.1 mil and brokered by Voit Commercial Brokerage, the regional real estate services firm based out of Irvine. In the first tr...
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• Industrial Leasing Activity is on Targus in Anaheim
1/26/09
In a notable OC lease renewal, Targus Inc, a wholly owned subsidiary of Targus Group International Inc, inked a long-term deal for 200.6k sf at 1211 North Miller St in Anaheim, within Kilroy Realty’s Anaheim Technology Center...
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• Trilogy Golf Club Sale Leads Trio of SoCal Sales
1/22/09
Trilogy Golf Club at La Quinta, an 18-hole championship golf course located at 60-151 Trilogy Pkwy, south of I-10 and west of Hwy 111 and Desert Resorts Regional Airport, was acquired by TLQ Partners in an $8.6 mil deal. The...
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• SVN Announces a Better Plan for Capital Advisory Services
1/21/09
Sperry Van Ness International, the Irvine-based real estate services firm, has launched a new division, Sperry Van Ness/Better Capital Partners, which will be led by veteran investment banker Eric H. Better, who will serve as...
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• OC Office Asking Rents Down Over 10% from Last Year
1/16/09
Orange County’s office market has taken a significant hit during the country’s current recession, as lease rates have dropped to levels recorded during the second quarter of 2006. According to Voit Commercial Brokerage's four...
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• Grubb & Ellis Scales Red Mountain
1/13/09
Santa Ana-based Red Mountain Retail Group Inc has awarded the management assignment for its 4.8 msf portfolio to Grubb & Ellis Company, the national real estate services firm also HQ’d in Santa Ana. Founded in 1999, Red Mount...
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• Investors Snag San Clemente Office Properties
1/12/09
We’ve learned of two recent office property sales in the upscale south OC city of San Clemente. In one deal, from a month or so ago, Mira Costa Plaza, a 22.8k sf multi-tenant office park, was acquired by a local investor for ...
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• Increased Leasing Activity and Larger Lease Deals Highlight 4th Quarter OC Office Market
1/09/09
The Los Angeles office of Colliers International, one of the leading national real estate services firms, recently released its Fourth Quarter 2008 Office Market Report for Orange County. We’ve reprinted the report for you he...
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• National Law Firm Relocates Within Irvine
1/05/09
In a recent OC office lease, Fisher & Phillips LLP, a national labor and employment law firm, signed a 10-year deal for 25k sf of space in Opus Center Irvine at 2050 Main St, west of Jamboree Rd and north of the 405 Fwy. The ...
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• Maggiacomo Named President of Sperry Van Ness
12/30/08
Kevin Maggiacomo has been promoted to President at Sperry Van Ness, the Irvine-based real estate brokerage firm. The appointment was a unanimous vote by the company’s board of directors. In this new role, Maggiacomo will ov...
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• Donahue Schriber Locks Up $187 Mil Refi on Nine Retail Properties
12/15/08
Shopping center developer Donahue Schriber recently concluded two significant financial transactions, a $121 mil bank syndication loan and a $187 mil refinancing of nine of their retail properties. “Despite the turbulent ma...
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• Slow Economy Does not Deter Strong Sales at Irvine Biz Park
12/15/08
Strong sales at a recently completed Irvine office park are evidence that it si possible to for deals to get done in these challenging times. The project is Koll Center 3, a 188.4k sf mixed-use R&D/office business park in Irv...
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• Jones Day Takes 55k sf at Park Place in Irvine
12/11/08
The law firm of Jones Day agreed to a lease for 55k sf at Maguire Properties’ Park Place office campus in Irvine. The firm is expected to take occupancy in the third quarter of 2009 at the 3161 Michelson building, a 19-story,...
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• Draftsmen & Craftsmen
12/05/08
A couple of the latest Draftsmen & Craftsmen tidbits that we’ve heard about recently involve Johnson & Jennings General Contracting and H. Hendy Associates. We’ll begin with news from Johnson & Jennings, which just completed ...
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• Bascom Nabs $32 Mil Colorado Apartment Property
12/01/08
Saddle Ridge Village Apartments, a 320-unit Class A property in the exclusive Saddle Rock subdivision of Aurora, CO, recently traded hands in a $32.25 mil transaction, which valued the asset at $100.8k/unit. The property, sit...
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• 4,000-Unit Multifamily Portfolio to Get a New Guardian
11/20/08
An apartment portfolio consisting of 4,000 units in Las Vegas, Miami, Phoenix, and Seattle is set to trade hands, as Guardian Management LLC has signed preliminary agreements to acquire the assets from Atherton-Newport Invest...
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