ALISO VIEJO, CA-The property is acquired by Redwood Residential LLC. The seller is Northwestern Mutual Life Insurance Co. Apartment occupancy levels continue to drop in the region.
FOOTHILL RANCH, CA-International Colors Posters Inc. signs a five-year lease for 50,000 sf at an R&D property in Foothill Ranch. The company plans to consolidate some of its operations at the recently leased facility.
ORANGE COUNTY, CA-The transactions involve a 12-unit complex in Santa Ana and an 8-unit property in Anaheim. The deals have a combined value of $1.3 million.
IRVINE, CA-An LLC snaps up the 16,015-sf facility, which it plans to convert into a medical building. The renovation will be complete in the next four to six months, which is when some industry experts are predicting the office market will begin to turn around.
ORANGE COUNTY, CA-Rents in the Orange County multifamily sector have leveled off as occupancy levels continue to drop, according to a recent report by RealFacts.
SANTA ANA, CA-The real estate operating company plans to upgrade the property through exterior refurbishments. Encompassing 11,392 sf, the retail center is anchored by a Stater Brothers grocery store.
HUNTINGTON BEACH, CA-ARCS Commercial Mortgage Co. LP has closed two mortgage loans with a combined value of $21.4 million for the Huntington Beach multifamily properties.
ANAHEIM, CA-A 31-unit property is acquired by a Beverly Hills-based LP. The transaction, which is valued at $3 million, is the latest in a string of multifamily deals to occur in Orange County.
IRVINE, CA-The sale fetches $6.9 million. The seller is a joint venture consisting of Irvine-based Granite Investment Group and Los Angeles-based Hanover Financial Co. The buyer is RK Properties.
MISSION VIEJO, CA-The Mission Viejo retail complex encompasses 81,990 sf. It is anchored by TJ Maxx, Ralphs and Longs Drugs. The transaction follows on the heels of another Orange County retail sale. The Collection at Laguna was recently snapped up by Tide Lands Inc. for $6.5 million.