ALISO VIEJO, CA-The division of locally based Fluor Corp. sets to work on an 875-megawatt power plant in South Carolina. Commercial operation of the plant is slated to commence in summer 2004.
NEWPORT BEACH, CA-The locally based company snatches up a 43,868-sf industrial building in Santa Fe Springs. The acquisition marks the third Southland real estate purchase by Turner in recent weeks.
NEWPORT BEACH, CA-The Chicago-based national commercial real estate finance company says that its personnel expansion in Newport Beach is now complete, leaving the team to focus on growing Cohen Financial's presence here.
ORANGE COUNTY, CA-New research predicts a further slip in office rental rates as the year progresses. According to a recent report by Delta Associates, office rents are not expected to stabilize until the latter half of the year.
FULLERTON, CA-Turner Development Corp. acquires the 31,500-sf call center, which is fully occupied by Federal Express. Built in 1969, the Fullerton facility underwent a massive renovation in 1995.
ORANGE, CA-Anderson Holding & Investment Co. sells the 11,200-sf industrial building, which is located here. Although Orange County's industrial market is fairly diverse, it too has been adversely affected by the weak economy.
ORANGE, CA-The Orange office of the commercial real estate firm says a 228,423-sf industrial building in Ontario has been leased. The new space will allow the tenant, Calico Brands, to expand its import-export business.
GARDEN GROVE, CA-Bill Grace, president of Southland Claims Service, pays $1 million for the facility. With a turnaround in the office market not expected until mid-year, it is these smaller transactions that have been keeping local brokers busy.