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Grubb Taps Investment, Operations Execs
By Bob Howard
SANTA ANA, CA-The company hires Hook McCullough to bolster its private capital markets team and promotes Kari Smith to VP of operations.
... Full Story
Western National Wins Six Management Contracts
By Bob Howard
IRVINE, CA-The new assignments are third-party management contracts for apartment complexes owned by Gardena-based MCA Housing Partners.
... Full Story
Nationwide Buys Five MOBs from Pacific for $211M
By Bob Howard
NEWPORT BEACH, CA-The locally based REIT acquires five Southern California medical office buildings totaling 590,000 square feet from San Diego-based Pacific Medical Buildings.
... Full Story
Hotel Sales Poised for Uptick, Lower Prices
By Bob Howard
IRVINE, CA-Hotel sales in California have almost nowhere to go but up in terms of number of deals, but prices will continue to decline this year.
... Full Story
128 Units Sell Off Market for $16M Via $9M Loan
By Bob Howard
FULLERTON, CA-A JV of Angelo Gordon & Co. and an L.A.-based investor acquires the Briarhill Apartments. Financing includes a $9-million loan arranged by Meridian Capital. ... Full Story
Muller Co. Adds Execs for Expansion, Refinancing
By Bob Howard
LAGUNA HILLS, CA-The investment and development firm names directors of business development and asset management in an effort to build new partnerships and access new capital.
... Full Story
Growth in Hard Times: Craig Realty Expands Centers
By Bob Howard
NEWPORT BEACH, CA-The company breaks ground on 157,000 square feet at Citadel Outlets, completes 50,000 square feet in Arizona and has 415,000 square feet more in the works.
... Full Story
CT Realty Investors Relocates HQ in New Lease
By Bob Howard
ALISO VIEJO, CA-CT Realty Investors, formerly CT Realty Corp., moves its headquarters here after 15 years in Newport Beach, signing a seven-year lease at 65 Enterprise.
... Full Story
TNP REIT Buying 170,000-SF Mall for $26M
By Bob Howard
IRVINE, CA-TNP Strategic Retail Trust agrees to acquire Honolulu's Waianae Mall for $25.7 million. Separately, TNP's sponsor lands a management contract for a $500 million portfolio.
... Full Story
Two Office, Industrial Buyers Invest $43M
By Bob Howard
NEWPORT BEACH, CA-Developer City Ventures acquires 25 acres and 437,000 square feet of office and industrial; private investors acquire a 167,217-square-foot industrial building.
... Full Story
FLIR Pays Cash for 170,000 SF at Industrial Park
By Bob Howard
IRVINE, CA-The manufacturer of thermal imaging devices for the military buys two buildings at Irvine-based Sares-Regis Group's Cabrillo Business Park.
... Full Story
JP Morgan, Steadfast Fill 115,000 SF of Office
By Bob Howard
IRVINE, CA-JPMorgan Chase signs for 70,000 square feet here, and Steadfast Investment takes 45,000 square feet in an expansion for the Newport Beach company.
... Full Story
100,000-SF Industrial Building Changes Hands
By Natalie Dolce
CERRITOS, CA-Bixby Land Co. sells an industrial building to United Exchange Corp. in the this weeks wrap-up of deals. ... Full Story
CJK Launches, Seeks Properties, Distressed Loans
By Bob Howard
NEWPORT BEACH, CA-Steven Craig and four former KBS Realty Advisors execs form CJK Investments to acquire commercial properties and loans and provide third-party asset management.
... Full Story
New Deals Boost Office Building to 95% Leased
By Bob Howard
IRVINE, CA-Hines signs five new tenants to deals for 44,000 square feet at its 12-story, 266,605-square-foot 2211 Michelson Dr. office building.
... Full Story
Industrial, Retail, Apartment Loans Total $10M
By Bob Howard
NEWPORT BEACH, CA-The four loans from life insurance companies, totaling $9.5 million, finance industrial, retail and apartment properties in Southern California.
... Full Story
Jamboree Debuts 90 Affordable Units for Families
By Bob Howard
IRVINE, CA-The nonprofit affordable housing developer opens the doors to its Arbor at Woodbury complex, designed for work force renters.
... Full Story
New RiverRock Assignment Tops 2M SF
By Bob Howard
SANTA ANA, CA-RiverRock Real Estate Group wins the management contract for DCT Industrial Trust’s Southern California industrial portfolio of more than 2.4 million square feet.
... Full Story
Hotel Sales Will Increase, Along With Defaults
By Bob Howard
IRVINE, CA-The number of foreclosed hotels triples in California in 2009, and the number of sales plunges to a record low, but a forecast predicts deals will double this year.
... Full Story
Argent Retail Adds Offices, Expands Staff
By Bob Howard
DANA POINT, CA-The retail advisory and leasing firm founded by industry veteran Terry Bortnick opens new offices in Orange County and the Inland Empire.
... Full Story
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