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Rockefeller Group Starts 80,000-SF VA Project
By Bob Howard
IRVINE, CA-The regional office of Rockefeller Group Development Corp. breaks ground on a new VA clinic in Oceanside, in the Seagate Corporate Center.
... Full Story
Four Tenants Sign Leases Totaling 39,000 SF
By Bob Howard
TUSTIN, CA-Four tenants have sign leases for space totaling more than 39,000 square feet at three locations in Orange County and one in Riverside.
... Full Story
LNR Commercial Names McLennan as New CFO
By Bob Howard
NEWPORT BEACH, CA-James McLennan, with 33 years in the real estate and finance industries, becomes CFO of LNR Property Corp.'s Commercial Property Group.
... Full Story
Labor Law Firm Takes 25,000 SF at Opus Project
By Bob Howard
IRVINE, CA-Fisher & Phillips LLP, a national labor and employment law firm, inks a deal for 24,942 square feet of office space at Opus Center Irvine for a March 2009 move-in.
... Full Story
Grubb & Ellis, Thompson Wage Proxy Fight
By Bob Howard
SANTA ANA, CA-The company and its former chairman, Tony Thompson, propose competing slates of directors to be elected at the firm's annual meeting next week.
... Full Story
Execs Examine Prospects for Market Recovery
By Bob Howard
IRVINE, CA-Experts say that solid fundamentals assure recovery over the long term in Orange County. An upcoming conference examines when that recovery might begin.
... Full Story
Atherton Lines Up Buyer for 4,000-Unit Portfolio
By Brian K. Miller
IRVINE, CA-Atherton-Newport Investments, in Ch. 11 bankruptcy, cuts a tentative deal with Portland, OR-based Guardian Management for the sale of its interest in the apartment portfolio. ... Full Story
New Grubb & Ellis Unit Targets Troubled Assets
By Bob Howard
SANTA ANA, CA-The company creates a Financial Services Asset Management Practice to serve financial institutions, special servicers and government agencies with troubled assets.
... Full Story
FDIC Leases 200,000 SF at Irvine Co. Project
By Bob Howard
IRVINE, CA-The government agency signs a three-year deal for an office at the new 40 Pacifica building to manage receiverships and to liquidate assets. ... Full Story
SunCal Seeks Capital After Bankruptcy Filings
By Bob Howard
IRVINE, CA-The development firm files Chapter 11 petitions on 17 projects that depended on Lehman Bros. funding. The filings apply solely to the LLCs and not to SunCal itself.
... Full Story
Report Cites Sunstone Dividend from $367M Sale
By Bob Howard
SAN CLEMENTE, CA-An analyst report notes that Sunstone Hotel Investors will pay a special dividend, thanks to a taxable capital gain on its sale of the Hyatt Regency Century Plaza earlier this year.
... Full Story
Maguire Extends Debt on 535,000-SF Office Campus
By Bob Howard
BREA, CA-The REIT extends the maturity to May 2010 on the mortgage at its 10-building Brea Campus in the latest in a series of moves designed to manage the company's debt.
... Full Story
Grubb & Ellis Unit Buys 109,000-SF TIC Deal
By Bob Howard
COSTA MESA, CA-Grubb & Ellis Realty Investors acquires 1650 Sunflower Ave. from Sacramento-based Panattoni Development Co. in a tenant-in-common transaction.
... Full Story
Taco Bell Signs 181,000-SF Office Lease
By Bob Howard
IRVINE, CA-The restaurant chain will relocate its headquarters from elsewhere in Irvine to a building owned by Ford Motor Co., which has reduced the size of its operations here.
... Full Story
Orange County’s Future Bright Despite Slowdown
By Natalie Dolce
IRVINE, CA-Nelson Rising, president and CEO of Maguire Partners, tells more than 550 attendees at UCI’s Real Estate Gala that Orange County should be the first to exit a recession. ... Full Story
Boston Investor Pays $38M for 120,000-SF Center
By Bob Howard
LAKE FOREST, CA-Intercontinental Real Estate Corp. acquires the Lake Forest Village shopping center from Edgewood Realty Partners.
... Full Story
Bacchus Sells Out 331,000-SF Development
By Bob Howard
IRVINE, CA-The locally based development firm sells the last of the buildings at its Bacchus Office Park and has two other nearby projects posting steady sales.
... Full Story
Sperry Expands Multifamily, Adds Services
By Bob Howard
IRVINE, CA-Bob Osbrink, two months into running Sperry Van Ness Real Estate Services, talks about company strategy and Charlie Kennedy’s new multifamily team.
... Full Story
$75M Koll-PER Credit Line Aims for Acquisitions
By Bob Howard
NEWPORT BEACH, CA-An investment partnership of the Koll Co. and the Public Employees Retirement System of Idaho lines up funding to add to its 5.4-million-square-foot portfolio.
... Full Story
Grubb & Ellis Cuts 100 Brokers, Recruits Anew
By Bob Howard
SANTA ANA, CA-Brokerage operations chief Jack Van Berkel tells GlobeSt.com that the move is designed to replace lower-producing brokers with higher producers.
... Full Story
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