IRVINE, CA—The 38,476-square-foot lease that Alphaeon Corp. recently signed at 18191 Von Karman Ave. at Lakeshore Towers II here is expected bring approximately 150 jobs to Orange County. Alphaeon, a wholly owned subsidiary of Strathspey Crown Holdings LLC, plans to occupy the space beginning in June.

As GlobeSt.com reported in February, a recent Orange County employment overview by Jones Lang LaSalle showed continuous improvement of the county’s overall employment, allowing it to still outperform the US economy in job growth. The region’s unemployment rate dropped from 5.6% last month to 5.2%, considerably lower than the peak of 9.9% to 10% seen during the height of the recession.


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.

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.