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Industrial, Medical Office Sales Total 146,000 SF
By Bob Howard
BREA, CA-The largest of the properties is a 107,084-square-foot industrial building here that trades for $8 million in one of three recently closed sales.
... Full Story
BofA Seeks Receiver in 2600 Michelson Default
By Bob Howard
IRVINE, CA-The bank asks Orange County Superior Court to appoint a receiver for the 308,000-square-foot office tower and requests a judicial foreclosure.
... Full Story
HFF, KBS Realty Advisors Add New Hires
By Bob Howard
IRVINE, CA-Holliday Fenoglio Fowler expands its Southern California investment sales team, and Newport Beach-based KBS hires a new asset manager for the Southwest.
... Full Story
Hybrid Promotions Leases 179,000-SF HQ
By Bob Howard
HUNTINGTON BEACH, CA-The screen printing firm, in a relocation from Cypress, signs a sublease with Quiksilver for 178,930 square feet of headquarters space.
... Full Story
New Deals Heighten Office Rent Competition
By Bob Howard
ORANGE COUNTY-Buyers have acquired office buildings at far lower prices lately than some competitors paid at the top of the market, potentially pushing falling rents even lower.
... Full Story
Two New Tenants Take 30,000 SF at Summit Campus
By Bob Howard
ALISO VIEJO, CA-Marvell Semiconductors signs for 22,045 square feet at the office complex and LaBarre Oksnee Insurance inks a deal for 8,036 square feet, both at 30 Enterprise.
... Full Story
Essex, CBRE Win 1M SF in New Assignments
By Bob Howard
IRVINE, CA-Essex Realty Management takes over property management of a 700,000-square-foot mixed portfolio. CBRE gets the nod for the 332,000-square-foot Bayview Corporate Center. ... Full Story
NHP Arranges Possible $300M in Acquisitions
By Bob Howard
NEWPORT BEACH, CA-The healthcare properties REIT, along with its earnings report, says it will buy seven medical office buildings for between $275 million and $300 million.
... Full Story
Thomas D'Arcy Named New Grubb CEO/President
By Ryan Clark
SANTA ANA, CA-The former principal at Bayside Realty Partners will also join the board of directors. ... Full Story
Sunstone Talks Acquisitions, Financial Strategy
By Bob Howard
SAN CLEMENTE, CA-The hotel REIT, reporting its latest quarterly financial results, looks toward the next cycle and foresees acquisition opportunities.
... Full Story
Former CBRE Chief Ray Wirta Rejoins Koll as CEO
By Bob Howard
NEWPORT BEACH, CA-The former CEO of CB Richard Ellis, who stepped down in June of 2005 but remained on the company's board, returns to the Koll Co. as CEO. ... Full Story
Stream Realty Wins 484,000-SF Leasing Assignment
By Bob Howard
ALISO VIEJO, CA-The Orange County office of the Dallas-based company takes over leasing of 483,615 square feet of Summit Office Campus buildings owned by Rreef.
... Full Story
Sares-Regis Starts 255,000-SF Development
By Bob Howard
IRVINE, CA-The 254,500 square feet of office, self-storage and retail space is the 14-acre first phase of a project planned for 956,000 square feet on 96 acres.
... Full Story
Cabinet Parts Distributor Leases 115,000-SF HQ
By Bob Howard
BREA, CA-Louis and Co. which has occupied the 115,494-square-foot building for more than 20 years, signs a five-year lease renewal at 895 Columbia.
... Full Story
New Pacific Buys Site, Will Complete Condos
By Bob Howard
IRVINE, CA-Beverly Hills-based New Pacific Realty Corp. buys the former 156-unit KB Home condo site from a lender in an off-market deal and plans to complete the project.
... Full Story
Land Sales Rise, Venture Seeks Sites
By Bob Howard
ALISO VIEJO, CA-A firm founded by two former Lennar execs is set to buy distressed land in anticipation of the eventual recovery, and a local land brokerage says that sales are already on the upswing. ... Full Story
Master Development Sets Auction for Condos
By Bob Howard
NEWPORT BEACH, CA-The developer will conduct an online auction of six industrial units at its 48-unit Las Palmas Business Park in Santa Ana in November.
... Full Story
Sales Uptick at 3000 Plaza Condo Project
By Bob Howard
IRVINE, CA-Sales have speeded up at the 105-unit 3000 The Plaza condominium tower in recent weeks, according to the property's new owner.
... Full Story
Grubb & Ellis Raising $90M Via Preferred Stock
By Bob Howard
SANTA ANA, CA-The sale of the 900,000 shares of preferred stock will enable the company to pay off its credit line and will provide additional capital for other corporate purposes.
... Full Story
Nursing Firm Expands in 30,000-SF Office Lease
By Bob Howard
MISSION VIEJO, CA-The Ensign Group adds 9,000 square feet in its 29,829-square-foot lease renewal, one of three recent office deals totaling 62,000 square feet in the county.
... Full Story
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