Orange County

  • Home Flipping Hits Two-Year Low

    IRVINE, CA—Flipping of US residential properties drops below 5% of all sales in the second quarter, and the average return was down from both Q1 and a year ago, RealtyTrac reports.

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  • Collaborative Office Space is Here to Stay

    IRVINE, CA—Panelists at RealShare Orange County here yesterday say there is a huge demand for creative-office space in Orange County; the challenge is to find it.

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  • Voit Hires Eric Hinkelman

    IRVINE, CA—Hinkelman comes from Cushman & Wakefield and will serve as executive managing director, with responsibility for much of SoCal.

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  • Disclosure Bill Signed Into Law

    IRVINE, CA—Beginning next year, real estate sales reps and brokers will need to provide, in writing, their exact proposed agency role in the future transaction.

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  • The Center Gains Nordstrom Rack

    LAGUNA NIGUEL, CA—The off-price clothing outlet line will open its seventh Orange County location here this spring after signing a lease for 29,500 square feet of space, GlobeSt.com learns EXCLUSIVELY .

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  • REIT Enters Potential $350M Credit Line

    IRVINE, CA—Griffin-American Healthcare REIT III Inc. enters into a $60-million revolving line of credit with three major arrangers that may be increased upon meeting certain conditions.

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  • Institutional Investor Buys Drop to Low Level

    IRVINE, CA—Residential purchases by this cohort fall to 4.7% of second-quarter sales, the lowest level since first-quarter 2012, RealtyTrac reports in this UPDATE to an earlier story.

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  • Are Apt. Tenants Doubling Up Again?

    ORANGE COUNTY, CA—Multifamily tenants are beginning to double and triple up in order to afford Orange County’s rising rental rates, industry sources including R.D. Olson Construction’s Bill Wilhelm tell GlobeSt.com.

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  • CRE Deal Volume, Pricing Shift Upward

    IRVINE, CA—Auction.com reports the total combined commercial volume in the office, retail, apartment, industrial and hotel sectors reached $81.6 billion in the second quarter, up nearly 14% from a year ago.

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  • TRI Pointe Acquires Lots in Core Markets

    IRVINE, CA—After its merger with WRECO, the residential developer purchases 649 new lots in seven communities in markets across the country, including California, Nevada, Washington and Virginia.

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  • Tech is Leading OC Office Driver

    ORANGE COUNTY, CA—Despite a tepid second quarter, the tech industry remains a core driver of office space demand in Orange County, according to reports from Savills Studley and CBRE.

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  • All-Cash Share Down From 3-Year High

    IRVINE, CA—Cash purchases represent 38% of Q2 home sales, down from 42% in Q1, and cash sales skew higher on both ends of the home-price spectrum in Q2, reports RealtyTrac.

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  • Wage Gap Makes Affordable Less So

    IRVINE, CA—The higher median income in Orange County than in Los Angeles, coupled with tax-credit rules, prevent tenants from affording OC’s affordable-housing rents, WNC’s Michael Gaber tells GlobeSt.com in this UPDATE .

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  • SoCal Bucks Decreasing US Foreclosure Trend

    IRVINE, CA—Residential foreclosure activity rises 10% in L.A. from a year ago, and San Diego bank REOs rise 40% since the beginning of the year, RealtyTrac reports in this UPDATE to a previous story.

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  • LAO Forms Research Advisory Services

    IRVINE, CA—The new division will be led by industry veteran Bob McFarland, who has more than 30 years of consulting and proving new-home community market studies.

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  • Affordable Housing Supply Can’t Fulfill Demand

    IRVINE, CA—Demand for affordable housing is growing exponentially because of population growth and the economy to the point where developers can’t keep up, WNC’s Michael Gaber tells GlobeSt.com EXCLUSIVELY .

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  • Auction.com Launches Online Community

    IRVINE, CA—The online real estate marketplace designs a community to provide novice and experienced real estate buyers and sellers with a place to learn more about the firm and the real estate auction process in general.

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  • Job Growth Brings Office Trade Uptick

    IRVINE, CA—In this UPDATE , Auction.com’s Rick Sharga tells GlobeSt.com the main reason his firm facilitated the closing of so many office deals in June is because full-time white-collar office jobs are on the rise.

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  • June Foreclosure Gains Lost in July

    IRVINE, CA—US foreclosure activity increases 2% in July after decreasing 2% in June, but activity is still down 16% from a year ago, RealtyTrac reports.

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  • CapRock Nabs High-Image Industrial Buy

    TUSTIN, CA—The property at 14191 Myford Rd. here comprises 7.4 acres with a 110,000-square-foot industrial/R&D building that includes 10,000 square feet of second-floor office space.

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