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• OC Office Hunter Goes on Safari
5/27/09
In what is being touted as one of the largest office investment deals in Orange County so far in 2009, Edison Spectrum Partners LLC acquired the 47.8k sf Safari Technology Park in Irvine. The price was not disclosed, although...
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• Argent Lands 2 msf of SoCal Retail Leasing Assignments
5/21/09
Dana Point-based Argent Retail Advisors recently inked 2 msf of new retail leasing assignments throughout Southern California on behalf of a number of major landlords in the region. Argent, led by Principal Terry Bortnick and...
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• Investor Exchanges into Lake Forest Jack-in-the-Box
5/20/09
The south OC city of Lake Forest recently saw two notable retail transactions, a sale and a lease. In one of the deals, an investor acquired a 2.8k sf Jack-in-the-Box property located at 20101 Lake Forest Dr, just south of th...
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• U.S. Bank National Association Takes 82k sf of OC Office Space
5/12/09
U.S. Bank National Association inked a 10-year lease for 82.5k sf of space at 3121 Michelson in Irvine, in what has to be seen as a good sign for the OC office market, which took a considerable hit as a result of the sub-prim...
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• NAI Capital Expands Newport Beach Office
5/11/09
Regional real estate services firm NAI Capital is expanding its operations in Orange County with the addition of six new brokers at the company’s Newport Beach office. The new hires are: brokers Charles S. “Chip” Dever III, S...
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• Northgate Gonzalez Markets Inks Deal for 375k sf Anaheim Distribution Center
5/07/09
Northgate Gonzalez Markets has inked a 15-year lease for a yet-to-be-constructed 375k sf warehouse and distribution center in Anaheim that the company intends to use as its future support center. The project will be construct...
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• Diamond is a Jewel for the Homeless in Anaheim
5/07/09
The city of Anaheim recently saw the opening of a new multifamily development that provides both housing and mental health supportive services for previously homeless individuals and their families in Orange County. The 25-un...
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• Trio of South OC Multifamily Assets Fetch $201 Mil
5/06/09
CBRE Capital Markets group arranged financing for the transaction, while Sherry Meyerhoff Hanson & Crance LLP handled legal matters for Stoneridge on both the purchase and financing of the property. Fairfield Properties LLP w...
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• Voit Closes $9 Mil in OC Industrial Sales
5/05/09
Voit Real Estate Services’ Commercial Brokerage division, one of the most active real estate services firms in Orange County, recently closed three industrial sales transactions in the region. The deals, which total up to abo...
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• 50k sf Yorba Linda TI Project is for a Nobel Cause
4/29/09
In a construction update from Orange County, design work has been completed and construction has begun for Nobel Biocare’s manufacturing and office renovation project in Yorba Linda. The existing two-story manufacturing/offic...
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• OC-Based KBS Signs Dresser at Millenium Tower in Addison, TX
4/27/09
Newport Beach-based KBS Real Estate Investment Trust continues to lease up in growing Texas office portfolio. In the latest deal, Dresser Inc, a provider of energy infrastructure products, has signed a long-term extension of ...
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• Unique Huntington Beach Restaurant Property Shore Sold Fast
4/24/09
A 5.7k sf restaurant property in Huntington Beach that has been the home of the Shore House Café for more than 15 years was purchased by a local private investor for $1.8 mil, or $316/sf. The buyer intends to continue restaur...
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• SmileCare Sinks Its Teeth into OC Sublease Renewal
4/22/09
Community Dental Services, better known as SmileCare, extended its sublease for 23.1k sf of office space in Santa Ana from MSC Software. SmileCare inked a new five-year deal worth $2.5 mil ($1.80/sf/mo) for the full-floor spa...
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• Shea Recognized for Superior Portfolio
4/21/09
A major OC owner/developer, Shea Properties, was recently recognized for excellent management of its multifamily properties. The company, based out of Aliso Viejo, received a Superior Portfolio Score by SatisFacts Research LL...
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• Bacchus Sells Seven Buildings over Past 30 Days at Irvine Spectrum Development
4/20/09
Bacchus Development has sold seven buildings, totaling 45.6k sf, in the last 30 days at BaccHus Signature Series, a 265.8k sf office park located in Irvine Spectrum. Prices for the sales averaged $225/sf.
The project, locat...
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• Huntington Beach Industrial Building Sells for $2.7 Mil
4/10/09
In a recent Orange county industrial property buy, Advance Scientific Enterprises Inc (dba Bensons’ Import) acquired a 20.4k sf facility at 7442 Vincent Circle, west of Beach Blvd and north of Garfield Ave in Huntington Beach...
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• Accounting Firm Takes 18k sf of Brea Office Space
4/09/09
Accounting/consulting firm Moore Stephens Wurth Frazer and Torbet LLP (MSWFT) inked a seven-year commitment in Brea, agreeing to a $3.35 mil lease for 19.2k sf ($2.08/sf/mo) of office space at 135 South State College Blvd, no...
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• 122k sf South OC Retail Center Trades Hands
4/08/09
The Shops at Lake Forest, a 122.5k sf neighborhood shopping center on a long-term ground lease in Lake Forest, recently traded hands. The center is located at 23812-24422 Rockfield Blvd, just off the El Toro Rd exit of the 5 ...
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• KBS Realty Advisors Nabs 500k sf Texas Office Tower
4/07/09
Newport Beach-based KBS Realty Advisors recently added to its growing portfolio of Class A office properties in Texas with the acquisition of Providence Towers, a 504.7k sf, 12-story tower in the Far North Dallas Tollway subm...
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• Maguire Completes $22 Mil Sale of Irvine Office Building to Allergan
4/01/09
Allergan has finalized its purchase of an 86k sf office building at 18581 Teller in Irvine from Maguire Properties for $22 mil ($256/sf). The building is Allergan’s HQ offices and is one of a number of locations the company o...
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