Search
 

Another Reason Commercial Condos Are Surging

NEWPORT BEACH, CA—The entrepreneurial spirit is alive and well in Southern California, leading to a swell of demand for office and industrial condos in the region, Guthrie Development’s Rob Guthrie tells GlobeSt.com EXCLUSIVELY.

Rob Guthrie Guthrie: “We’re seeing a trend were more of our buyers are coming in with non-SBA financing. We’re also seeing a surge in investment buyers who are buying these units as leased investments.”

NEWPORT BEACH, CA—The entrepreneurial spirit is alive and well in Southern California, leading to a swell of demand for office and industrial condos in the region, Guthrie Development’s CEO and founder Rob Guthrie tells GlobeSt.com. As we recently reported exclusively, Guthrie Development has sold the last of 25 industrial-condominium units at its Foothill Business Park and has completed the repositioning and entitlement for Brea Central Business Center, along with its first unit sale. We met with Guthrie for another exclusive interview on the economic factors that have led to the rise of industrial condos as well as office condos in Orange County and where he sees this trend leading.

GlobeSt.com: What economic factors have led to the rise of industrial condos in Orange County?

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.