SAN CLEMENTE, CA-The buyer, Steven Delson, also acquires a neighboring bowling alley as well. The historic theater dates back to 1937. Both properties are being eyed for redevelopment.
BREA, CA-A private investor bags the 19,322-sf office and retail facility, which is part of the Birch Street Promenade. Tenants here include Ann Taylor, Gaucho Grill and Century 21.
TUSTIN, CA-Tustin-based Kensington Real Estate Group gets $13.5 million for the Chino Hills property. The retail complex was repositioned under Kensington's ownership.
COSTA MESA, CA-The Costa Mesa theater undergoes a $600,000 stadium seating retrofitting, as part of its recently completed renovation. Other improvements include the addition of a video arcade and more restrooms
TUSTIN, CA-Tustin-based Kensington Real Estate Group has sold another of its repositioned retail properties, in a deal valued at $14.5 million. Known as Southridge Plaza, the 121,888-sf shopping complex is located in Fontana.
ALISO VIEJO, CA-The 27,000-sf Clare Micronix building is located in Aliso Viejo, where the overall vacancy rate for office property stood at 30.9% at the end of the third quarter.
ORANGE COUNTY, CA-In a unanimous, the California Coastal Commission approved a plan to restore Bolsa Chica, the 1,200-acre stretch of coastal wetlands between Huntington Beach and Seal Beach.
BUENA PARK, CA-American Box purchases a 42,500-sf industrial building in Buena Park. The company has already occupied the facility, which will serve as a start-up location.
ORANGE COUNTY, CA-Southern California hoteliers will soon face increased competition from neighboring Mexico, as officials there have unveiled a new tourism-related marketing campaign targeted specifically at North American travelers.
FOUNTAIN VALLEY, CA-The district will build a maintenance facility on the 2.15-acre property. It will be used to service and store school buses and vehicles. The ground lease is valued at $2.2 million.