Orange County
Orange County Gives Its Best Performance
At the end of the first half of 2017, the metro reached its lowest vacancy rate since the recession, continuing the previous year’s positive net absorption streak.
OC Mixed-Use Project Changes Hands for $32M
Former owner Flinn West recently repositioned La Paz Plaza to offer in-demand medical offices, with some retail space. JLL brokered the sale.
OC Mixed-Use Building Sells for $56M
CBRE brokered the sale of The Triangle, a 204,532-square-foot dining and entertainment lifestyle center in Costa Mesa, Calif., on behalf of a partnership led by Greenlaw Partners.
Incipio Group to Open Global HQ in OC
The designer and manufacturer of mobile device accessories signed a 70,000-square-foot office lease in Irvine, Calif. JLL negotiated the lease on behalf of the tenant, while Cushman & Wakefield represented the landlord, LBA Realty.
OC Office Campus Lands $39M Financing
HFF arranged the loan for Menlo Equities’ Towne Centre, a 292,271-square-foot office campus in Foothill Ranch, Calif. The three-building property underwent renovations in 2015 and 2016.
EMMES Starts Renovation of $220M Centerview
The company has started a multimillion-dollar renovation of Centerview, Class A office buildings located in the Irvine Concourse. EMMES recently acquired the asset for $220 million.
PacSun Global HQ Building Changes Ownership
The 181,000-square-foot, build-to-suit office building will continue to serve as global headquarters for Pacific Sunwear. This is Hines and Oaktree’s ninth acquisition in the North Orange County submarket.
Muller, Cerberus Recapitalize OC Portfolio
The portfolio includes three class A office buildings totaling 841,036 square feet, located in Irvine, Orange and Santa Ana, Calif.
Hines, Goldman Sachs Pick Up OC Office Park
Two years after Hines and a subsidiary of a fund managed by Oaktree Capital acquired 4000 MacArthur in Newport Beach, Calif., the firm joined forces with an affiliate of Goldman Sachs to own and manage the property.
Meridian Expands SoCal Portfolio
The company has added The Laguna, a 57,057-square-foot medical office building, to its portfolio, with plans to complete a $24 million renovation.