HUNTINGTON BEACH, CA-Investment group Jeff Grand Partners acquires two industrial facilities, which are located at Lorge Circle. Industrial sales in this region continue at a steady pace, as supply is limited and interest rates are low.
LOS ANGELES-Two separate companies pay $4.4 million for the properties, which stand on Glenoaks Boulevard. The buildings will be occupied by the buyers, Leonetti Co. and GER Enterprises.
BREA, CA-Krause's Furniture Inc. is chipping away at remaining assets in line with a Chapter 11 bankruptcy agreement. The final stage of store closings and inventory sales are under way for 43 stores nationwide as well as its 250,000-sf factory in Brea.
HUNTINGTON BEACH, CA-Private investors snap up the industrial facilities in two separate deals. One building is a multi-tenant facility that encompasses 10,407 sf, while the other is a single-user, 9,113-sf structure.
BREA, CA-An unidentified private investor grabs the 28-unit Darnan Senior Apartments complex. Located in the Birch Street Promenade area, the property was 100% occupied at sale time. The area's limited product makes it a good deal, says the buyer's broker.
NEWPORT BEACH, CA-WLA, a locally based private investment group, doubles up its investment in San Bernardino. The $6.2-million buy of the 178,000-sf Gifford Industrial Park is the second in a year. The investors believe the region is the next hotspot.
FOOTHILL RANCH, CA-Hobby Products International signs a $1.8-million lease for industrial space at Foothill Ranch. The distributor of remote control vehicles plans to relocate from Irvine in February 2002.
FOUNTAIN VALLEY, CA-Fountain Valley Village LLC acquires four-acre parcel for approximately $3 million. The company plans to build an assisted living and Alzheimer's care facility on the site.
ANAHEIM, CA-The ink's barely dry on a $1-million acquisition and the new buyer starts relocating from its longtime home in the City of Orange. Donco Associates & Sons is headed to a 12,233-sf industrial facility in Anaheim.
SANTA ANA, CA-Privately held Harvard-Anne LLC acquires a 49,700-sf manufacturing facility at 3130 W. Harvard St. from Fairchild Corp. The building will house Harvard-Anne's woodworking unit, Trimco Finish.