GARDEN GROVE, CA-The 140,000-sf industrial distribution building is acquired by Goldrich & Kest Industries. This transaction marks one of the only large industrial sales to occur here in recent weeks, as it is the smaller deals that have been keeping Orange County brokers busy as of late.
SANTA ANA, CA-A family trust grabs the 35,265-sf Santa Ana facility. The single-tenant building is located in the newly constructed Santa Ana Business Center.
TUSTIN, CA-The 20,389-sf facility fetches $2.4 million for seller Personal Benefit Insurance. The deal comes as vacancies are on the rise in the Orange County office market.
YORBA LINDA, CA-B&K Precision snatches up a 16,789-sf Yorba Linda facility for $1.8 million. Such smaller deals are keeping local brokers busy in an Orange County industrial market weakened by the recession.
ALISO VIEJO, CA-The division of locally based Fluor Corp. sets to work on an 875-megawatt power plant in South Carolina. Commercial operation of the plant is slated to commence in summer 2004.
NEWPORT BEACH, CA-The locally based company snatches up a 43,868-sf industrial building in Santa Fe Springs. The acquisition marks the third Southland real estate purchase by Turner in recent weeks.
NEWPORT BEACH, CA-The Chicago-based national commercial real estate finance company says that its personnel expansion in Newport Beach is now complete, leaving the team to focus on growing Cohen Financial's presence here.
ORANGE COUNTY, CA-New research predicts a further slip in office rental rates as the year progresses. According to a recent report by Delta Associates, office rents are not expected to stabilize until the latter half of the year.