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NEWPORT BEACH, CA-Locally-based Master Development Corp. and Stamford, CT-based GE Capital Real Estate form a new company created to acquire and develop Southland industrial sites.
RANCHO SANTA MARGARITA, CA-Pace Integrated Systems pays more than $1.1 million for the facility, which stands at 30442 Avenida Esperanza. The HVAC contractor plans to relocate from Laguna Hills in July.
SANTA ANA, CA-The company's board of directors formerly recommends the tender offer made on May 30, 2002 by Fidelity National Information Solutions Inc. to Micro General Corp.'s shareholders. If the offer is accepted, each share of Micro General's common stock will be exchanged for 0.696 shares of Fidelity National's common stock.
ORANGE COUNTY, CA-Although the unemployment level here continues to slip, the county dropped two notches in May from its previous rank as number three in California. Ranked by the State of California Employment Development Department, the county had held onto its number three slot for six consecutive months.
ORANGE COUNTY, CA-Although the unemployment level here continues to slip, the county dropped two notches in May from its previous rank as number three in California. Ranked by the State of California Employment Development Department, the county had held onto its number three slot for six consecutive months.
FOOTHILL RANCH, CA-Four Star Distribution of San Clemente takes 108,831 sf at 20081 Ellipse in Foothill Ranch. The creator of Special Blend and Jeenyus Snowboards plans to stay for at lease five years, as the company has inked a three-year sublease and a two-year lease that will commence after the sublease expires.
ONTARIO, CA-Known as Empire Commercial Real Estate, Jim Previti's new creation oversees acquisition, development and management of office, retail, multifamily and self-storage properties for the Empire Cos. Financed by Previti's sale of Forecast Homes to K. Hovnanian Cos., the new entity will focus on properties in the Inland Empire, Northern California, Arizona and Nevada.
NEWPORT BEACH, CA-Newport Beach-based Buchanan Street Partners has secured the loan for Salinas Shopping Center Associates. The financing will allow the owner of the 700,000-sf Harden Ranch Plaza to buy out its undisclosed institutional equity partner.
SANTA ANA, CA-Eco System Aquarium has inked a four-year lease for 10,800 sf at 1011 S. Linwood. The company, which will relocate from Irvine in July, plans to use the new location as a sales and manufacturing facility.
LAUGHLIN, NV-The owner, operator and developer of factory outlet and power centers has acquired the land under its 256,000-sf Horizon Outlet Center located here. The acquisition is expected to cause a significant increase in cash flow for the company, since HGP had been paying $580,000 per year in ground rent.