Pulte Homes Leases 14,000 SF at Cerro
Pulte Homes has leased 13,798 square feet in the CERRO office building at 27401 Los Altos in Mission Viejo, CA. The 78-month lease will see the builder taking professional office space on the fourth...
View ArticleAkerman Leased 25,000 SF at CalEdison DTLA to Accommodate Strategic Growth
U.S. law firm Akerman LLP has taken 25,000 square feet of office space in The CalEdison (DTLA) Building at 601 W. 5th St. in Los Angeles, CA to accommodate the firm's continued growth in the region....
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CoStar's People of Note (July 21) - Cushman Chooses Gorelick, Brixmor Brings...
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City,...
View ArticleGuthrie Development Buys Placentia Flex Portfolio
TA Realty sold the four-building flex campus at 701 - 781 Kimberly Ave. and 600-660 S. Placentia Ave. in Placentia, CA for $14.25 million, or about $137 per square foot, to Guthrie Development. The...
View ArticleCBRE Global Divests 1.2M-SF Rancho Pacifica Park
CBRE Global Investors Ltd. sold the six-building Rancho Pacifica Industrial Park at 2301-2399 and 2330-2398 E. Pacifica Pl. and 20001-20021 S. Rancho Way in Rancho Dominguez, CA to Rexford Industrial...
View ArticleCoStar's People of Note (July 28)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Atlanta,...
View ArticleMarket Trend: Orange County's Industrial Vacancy Stays at 2.6%
The Orange County Industrial market ended the second quarter 2017 with a vacancy rate of 2.6%. The vacancy rate was unchanged over the previous quarter, with net absorption totaling positive 100,950...
View ArticleSawyer Joins Kidder Mathews in Irvine
Kidder Mathews has hired Scott Sawyer as an associate in the firm's Irvine, CA office. In his new role, Sawyer will specialize in industrial properties in the West Orange County submarkets. Sawyer most...
View ArticleCoStar's People of Note (Aug. 4) - TIG Taps Hazen, MassDev Promotes Liss...
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Houston, Boston,...
View ArticleFoothill Ranch Towne Centre South Bldg Sold for $5.7M
A private investor acquired the retail building at 26722 Portola Pky in Foothill Ranch, CA from Spectrum Development Group, Inc. for $5.7 million, or about $1,373 per square foot. The...
View ArticleLaguna Beach Inn Sells for $6.4M
Dev Patel of Ocean Lodging LLC purchased the 22-room Laguna Beach Inn at 2020 S. Coast Hwy in Laguna Beach, CA from a private investor for $6.43 million, or about $292,000 per door. The...
View ArticleFivePoint’s Newest Venture Buys Broadcom Campus in Orange County for $443...
Five Point Holdings LLC (NYSE:FPH) is leading an investor group in the $443-million partial sale-leaseback purchase of Broadcom Ltd.’s 73-acre corporate campus in Irvine, CA. FivePoint, which plans to...
View ArticleCoStar Market Insights: Orange County Hiring Slows as Region Nears Full...
As Orange County nears full employment, hiring has slowed to its weakest pace since the start of the recovery. However, new apartment units continue to pour into the metro. The market is prime for...
View ArticleCoStar's People of Note (Aug. 18) - Cushman Taps Tyler, Avison Adds Glass
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Chicago, San...
View ArticleSendGrid Leases 22,000 SF in Irvine
SendGrid, a customer communications leader, signed a long-term lease for 22,000 square feet in the office building at 400 Spectrum Center Dr. in Irvine, CA. This 20-story office building totals 466,696...
View ArticleAsbury Sells Shopping Center in Huntington Beach
Asbury Properties, Inc. sold the Seagate Plaza retail center at 16031-16107 Bolsa Chica St. in Huntington Beach, CA for $10.8 million, or about $356 per square foot, to Cathy Investments LLC. The...
View ArticleBrombal, Rhee Join Kidder Mathews
Steven Brombal has joined Kidder Mathews as a senior vice president and is joined by Joshua Rhee as an associate vice president in the firm's Irvine, CA office. Brombal and Rhee will continue their...
View ArticleCMRE Financial Services Renews 35,000-SF Lease in Brea
CMRE Financial Services, Inc. renewed its lease for 35,351 square feet at 3075 E. Imperial Hwy in Brea, CA. The five year office deal is valued at approximately $5 million. The two-story,...
View ArticleMarket Trend: Select Top Five Orange County Industrial Leases Signed in Q2 2017
The select top industrial lease signed during the first half of 2017 in the Orange County market was at 1710 S. Anaheim Blvd. in the Anaheim submarket. Rosendin Electric, Inc. leased 144,008 square...
View ArticleTrinity/Oaktree Capital Form $3 Billion Hotel Investment Joint Venture
Just over three months after acquiring the leasehold of the Westin Maui Resort & Spa from Marriott International Inc. for $317 million, Trinity Investments LLC and Oaktree Capital Management, LP...
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