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Westminster Multifamily Asset Sells for $171k/Unit 4/08/08 The Trask Apartments, a 52-unit apartment complex in the city of Westminster, was purchased by a Newport Beach investor for $8.9 mil, or roughly $171.1k/unit. The asset, which was sold by Rohnert Park-based Trask Limited Part...
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Koll Co Completes Work on Irvine Spectrum Biz Park 4/03/08 Construction is finished on Koll Center Irvine III, a 188k sf business park built by Koll Company and consisting of 56 for-sale office/R&D units in Irvine Spectrum. Located on a 12-acre site at Bake Pkwy and Research Dr, a bl...
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Investors Snap Up OC Retail Opportunities 4/01/08 Well-located retail properties are still attracting considerable investor interest, even with the increasing difficulties in obtaining financing for the deals. In Orange County, a 35.1k sf retail asset at 1020-1098 N. Euclid ...
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Schnioda has Designs on 135k sf Santa Ana Facility 3/20/08 A recent industrial lease in central Orange County is an example of the continuing demand for well-located industrial space throughout the region, where supply remains limited. In this latest transaction, Schnioda Design Cent...
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Brea Strip Center Sells at 4.7 Percent Cap Rate 3/18/08 A 6.6k sf strip center in the OC town of Brea traded hands in a recent $3.12 mil ($473/sf) deal with a 4.7 percent cap rate. The multi-tenant asset is situated on .53 acres at 401 North Brea Blvd, just north of the Birch Stre...
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OC Sales Review Covers Recent Deals from Around the County 3/14/08 While we’re definitely seeing a slowdown these days in deal velocity, thanks in no small part to the ongoing credit crunch, transactions do continue to get done. For those of you who follow sales comps from Orange County, we’...
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In Lake Forest, You Can’t Fight City Hall, but You Can Lease It 3/11/08 The City of Lake Forest renewed its lease for a 52.3k sf office building at 25550 Commercentre Dr, south of Bake Pkwy and west of Dimension Dr, which has served as the Lake Forest City Hall since 2003. The city has agreed to ...
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SVN Equities Wraps Up Dallas Portfolio Buy 3/11/08 Irvine-based SVN Equities recently completed the acquisition of a 12-property flex industrial/office portfolio totaling nearly 770k sf of space in Dallas, TX for approximately $48 mil ($62/sf). The purchase marks the company...
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CPU2 Processes $10 Mil Industrial Renewal in Foothill Ranch 3/07/08 CPU2, a logistics and telephone services company serving the direct response and television marketplace, has inked a newsworthy industrial lease renewal, agreeing to a 10-year, $10 mil extension for their existing 251.1k sf (...
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Legacy Park Hotels are Here to Stay 3/06/08 Strong anticipated growth at Legacy Park, the 820-acre mixed-use campus on the former Tustin Marine Corps Air Station in Tustin, has prompted the start of new hotel product to accommodate the growing needs of tenants and visi...
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Latest San Clemente Deal is just Swell 3/06/08 Here’s a quick look at four recent lease comps from around Orange County, for those of you who find it valuable to follow deal trends around the region. Three of these transactions are for industrial properties, while the fou...
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Buyer not Bluffing in $478k/Unit Purchase of Newport Beach Complex 2/15/08 An 18-unit apartment community in Newport Beach recently traded in a transaction reported to be one of the highest-priced sales ever in Orange County for an asset of its size. The property, the Eastbluff Townhomes, sold for $...
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OC Investor Spends $7.8 Mil in Santa Ana’s Civic Center 2/14/08 A 58.6k sf office building in the heart of Santa Ana’s Civic Center was sold in a $7.8 mil ($133/sf) transaction. Located at 900 North Broadway, west of Main St and north of 1st St, the building is occupied primarily by the O...
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Koll Completes $162 Mil Refi of Airport Business Center 2/12/08 Jay Spurgiasz, Vice President for The Koll Company, said the refinancing enabled Koll to lower the interest rate on the debt for the business complex while providing proceeds to be used “for general business purposes and to i...
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Newport Beach Office Building Sells for $400/sf 1/29/08 Kicking off investment activity for 2008, a Newport Beach office building traded hands in a deal reportedly worth around $400/sf. Containing 117.4k sf ($400/sf) of space over six floors, the Wells Fargo Bank Building was acqu...
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Oh Thank Heaven for an $814/sf 7-Eleven 1/23/08 A 7-Eleven-anchored retail strip center in Tustin traded hands at a price of $3.525 mil or $814/sf, a value we’re told represents a record price per square foot for a multi-tenant retail property in the area. The property, kn...
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Sperry Van Ness Leverages National Presence with Fulcrum 1/18/08 National and regional brokerage firms continue to look to new arrangements with local market specialists as a means to quickly expand their network into previously underserved areas. In the most recent example, Irvine-based S...
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Orange County Attracts Pack-Rat 1/18/08 Pack rats are known for needing space and a Washington DC-based portable mini-storage company with the name 1-800-Pack-Rat-LLC proves the point, as the growing business recently signed a pair of Orange County leases giving th...
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Anaheim Industrial Tenants Opt to Remain in the Mile of Tile 1/17/08 Four recent end-of-year renewal leases in Anaheim’s Mile of Tile district (not too far from their Blocks of Blocks district) locked up 106k sf of space in the region for another three to seven years. The transactions, which h...
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New Construction and Lower Demand Causes OC Office Vacancy to Jump 1/15/08 This is the time of year where many major brokerage firms send us valuable year-end data for the previous year, and a good recent example is this review of the Orange County office market, sent to us by Voit Commercial Broker...
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