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Aaron Hill Hill: “It was the mixture of tenants, plus the tremendous amount of residential and housing that has been delivered in South County, as well as the traffic—a lot of tenants want to avoid trying to get farther north.”

MISSION VIEJO, CA—At 45% vacancy in an 8%-vacant market upon purchase, CERRO presents a unique opportunity for Bixby Land Co. to provide what could be one of the top office buildings in the Mission Viejo market, SVP operations Aaron Hill tells GlobeSt.com. The development firm has begun work on the redesigned mid-rise office building here, and while completion of the upgrades is expected later this summer, the project is already signing new leases with tenants in search of contemporary professional office space in the South County submarket.

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.

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