EMC Corp Inks Renewal in Irvine
EMC Corporation, a computer data storage and technology consulting and services company, has renewed its lease for 19,509 square feet at the Dupont Centre I office building at 2201 Dupont Dr. in...
View ArticleInvestor Buys Winston Park Apts in Tustin
Great Western American Corp. sold the Winston Park Apartments at 1132-1220 Bryan Ave. in Tustin, CA to a private investor for $28 million, or about $304,000 per unit. The single-story,...
View ArticleMaster Properties Sells 14,000-SF Newport Beach Office
A local investor purchased the office building at 2711 E. Coast Hwy in Newport Beach, CA from Masters Properties for $8.5 million, or about $621 per square foot. The two-story, 13,678-square-foot asset...
View ArticleMartin Out as CEO at HCP
Healthcare REIT HCP Inc. (NYSE: HCP) said on Monday that CEO Lauralee Martin has left the company and its board of directors. The REIT’s executive chairman Michael D. McKee has assumed the role of...
View ArticleRaintree Ptnrs Acquires Eaves at Tustin from AvalonBay
AvalonBay Communities, Inc. sold the 628-home Eaves by Avalon apartments at 13921 Tustin East Dr. in Tustin, CA to Raintree Partners of Laguna Niguel for $163.5 million, or about $260,000 per unit - a...
View ArticleManulife US REIT Refinances $296 Million Loan at Lower Interest Cost
Manulife US Real Estate Investment Trust, the first pure-play U.S. office REIT listed in Asia, entered into separate loan agreements with Wells Fargo Bank and Royal Bank of Canada totaling $296...
View ArticleYPM Renews in Irvine
Yellow Pages Media, Inc. (YPM), a full-service digital media company, has renewed its 19,805-square-foot office lease at 18400 Von Karman Ave. in Irvine, CA. It is one of the five Irvine Towers owned...
View ArticleCoStar's People of Note (July 22)
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: Minneapolis / St....
View ArticleSaddleback Church Purchases Mission Foothills Professional Building
Providence Capital Group, Inc. sold the Mission Foothills Professional Building at 20532 El Toro Rd. in Mission Viejo, CA to Saddleback Valley Community Church. The church will grow into the...
View ArticleNewbridge College Sells Jeffrey Office Park Bldg 19
R&B Realty Group LP paid $8.8 million, or about $435 per square foot, to Newbridge College for the office building at 930 Roosevelt Ave. in Irvine, CA. Jeffery Office Park Bldg. 19 was built in...
View ArticleInvenTrust Sells University House Communities Portfolio for $1.4 Billion
InvenTrust Properties Corp. has closed on its previously-announced stock sale of University House Communities Group, Inc., the Maryland-based investment company's wholly-owned student housing ownership...
View ArticleU.S. Office Sector Enjoys Steady Q2 Leasing Momentum Even as Rent Growth...
The U.S. office market continued its steady momentum in the second quarter, recording 39.4 million square feet of net absorption in the first six months of 2016, nearly equaling the 40.2 million square...
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CoStar's People of Note (July 29)
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: Dallas / Ft....
View ArticleAutogravity Preleases 40,000 SF in Irvine
Autogravity has signed a lease for 40,443 square feet at the in-development San Canyone Business Center rising in Irvine, CA. Sand Canyon Business Center is comprised of 15485 and 15495 Sand Canyon...
View ArticleHurley Joins Voit Real Estate Services in Irvine
Liz Hurley joined Voit Real Estate Services as a senior vice president in the firm's Irvine, CA office. Hurley has more than 29 years of commercial real estate experience, including the last five at...
View ArticleSmith Joins Duke Realty as VP of Leasing
Jake Smith has joined Duke Realty as a vice president of leasing and development in the firm's Irvine, CA office. In his new role, Smith will focus on maintaining the occupancy in existing properties...
View ArticleWelltower Adding West Coast Seniors Housing Portfolio from Vintage for $1.15...
Toledo-based Welltower Inc. (NYSE: HCN) today announced it has agreed to acquire a portfolio of 19 senior housing properties operated by Vintage Senior Living in a transaction valued at $1.15 billion....
View ArticlePrime Group Sells 349-Unit Adagio at South Coast
Decron Properties Corporation acquired the Adagio at South Coast apartments at 3124 S. Main St. in Santa Ana, CA from San Francisco-based balance sheet lender Prime Group for $96 million, or about...
View ArticleRand Sperry Launches New Real Estate Franchising Network 29 Years After...
The call of real estate franchising is strong. Seven years after cutting ties with the firm he co-founded with Mark Van Ness in 1987 now known as SVN, veteran Orange County executive Rand Sperry is...
View ArticleCoStar's People of Note (Aug. 5)
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: Washington DC,...
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