ORANGE COUNTY, CA-Activity in the county's industrial sector has slowed dramatically over the past year, according to new research by Colliers Seeley. This year's third quarter wrapped up with a mere 2.7-million sf in sales and leasing activity, as compared to 5.7-million sf for the same period in 2000.
RANCHO SANTA MARGARITA, CA-Style Craft, a full-service printing company, grabs the 24,190-sf industrial building that includes some office space. The deal is valued at $2.7 million.
IRVINE, CA-The worldwide manufacturer of precision components signs a lease for 72,477 sf in Irvine. The five-year lease is valued at more than $2.4 million.
ANAHEIM, CA-The tenant will occupy 25,000 sf for 10-years, according to the lease agreement. The deal exemplifies why year-to-date, the industrial sector has experienced over 600,000 sf of positive net absorption.
ANAHEIM, CA-The 282-unit complex was 95% occupied at the time of sale. The buyer, Cadigan Arbor Park GP, has increased its portfolio by nearly 50% with this acquisition.
ANAHEIM, CA-De Young Construction Co. scoops up the 4.1-acre parcel and plans to build a mixed-use project on the site. Two restaurants currently stand on the property.
WESTMINSTER, CA-Bixby Land Co. pays $6.3 million for the 68,708-sf office building. In September, Sares-Regis Group sold a Westminster industrial facility for $5.4 million to its former tenant, Pyramid Logistics.
FULLERTON, CA-The 30-unit multifamily complex, located in the 1000 block of Malden Avenue, has been snatched up by Malden Terrace LLC. The seller was Ed Raymond.
ORANGE COUNTY, CA-The decline, the first in five years, has led analysts to predict a decrease in total civilian employment growth and more economic slowdown in the Southern California region in the next three to six months.
TRABUCO CANYON, CA-The buyer, Ephram Nehme, pays $8.4 million for the property, which is fully occupied. Anchor tenants Albertsons and Sav-On were not included in the transaction.