SANTA ANA, CA-It is the latest in a string of apartment complexes to change hands in Orange County in recent weeks, as investors continue to eye multifamily product here. The complex, which has sold for $1.4 million, was 100% occupied at the time of sale.
NEWPORT BEACH, CA-The firm's Newport Beach office represented both sides in the sale of a 100,320-sf industrial building in Chino. The facility was fully occupied at the time of sale.
NEWPORT BEACH, CA-The Newport Beach-based developer sews up a lease agreement with Exel Inc., in which 103,000 sf will be used as a distribution facility for Coors Brewing Co. Exel's seven-year lease is for space at The Crossroads Collection, MDC's Ontario industrial campus.
SANTA BARBARA, CA-The title insurance giant has combined its title plant operations into a single, stand-alone company, known as Property Insight. Operating in seven states, Property Insight provides national title information services.
IRVINE, CA-The Irvine-based developer has formally accepted the terms of International Commercial Finance's loan commitment. The money will be used to finance the construction of Phase I of the developer's Las Vegas resort project.
IRVINE, CA-The buyer, a Stockton-based construction company, pays $10 million for the property. Built in 1978, the property contains 1-bedroom, 2-bedroom and 3-bedroom units.
NEWPORT BEACH, CA-McMorgan Co. acquires the 86,707-sf property, known as the Northwestern Mutual Life Building. The facility, which is anchored by Northwestern Mutual Life, is approximately 95% occupied.
IRVINE, CA-The Irvine-based builder completes construction of a 25,000-sf office building for Continental Development Corp. Located in Hawthorne, the property features a contemporary theme and a tiled stonework exterior.
IRVINE, CA-The Irvine office of the real estate advisory firm arranges the permanent loan for the Spectrum 8 Distribution Building in Chino. The 400,010-sf facility is part of the master planned industrial park known as The Majestic Spectrum.
IRVINE SPECTRUM, CA-The two-story facility encompasses 29,442 sf of office and R&D space. The seller, ProLong Super Lubricants, will lease back the building.