IRVINE, CA-The lease, which includes an option to purchase, will allow the technical ceramics manufacturer to expand its production capacity by approximately 40%. The facility is expected to be fully operational by March 2002.
IRVINE, CA-The Irvine Co. awards Insignia/ESG Inc. with a property management contract involving 3.5 million sf of Class A office space throughout Orange County, Los Angeles and San Diego. Insignia now services a portfolio of approximately 22.5 million sf for The Irvine Co.
LAGUNA NIGUEL, CA-Voit Development Co. grabs the 246,825-sf Birtcher Business Park. Comprised of 20 buildings, the complex offers 65% office product and 35% industrial and R&D space.
SAN JUAN CAPISTRANO, CA-According to the agreement, the social services organization will take 8,007 sf for five years. The group will relocate its South Orange County branch office to the new location.
FOOTHILL RANCH, CA-The manufacturer of laser-based surgical products moves its offices from San Jose, signing a $2.5-million lease for 17,845 sf at Town Centre Drive.
COSTA MESA, CA-Los Angeles-based Latham & Watkins LLP plans to stay put at 650 Town Center Dr., as the law firm has inked a 10-year lease for 70,000 sf here. The 21-story building is located in The Offices of South Coast Plaza, which includes about 1.4 million sf of landmark office properties.
FULLERTON, CA-The property has fetched more than $5.1 million for the joint venture partnership, which consists of Hanover Financial Co. and Clifford Companies. Currently 100% leased, the building is occupied by Mail Well Inc. and LAT Sportswear.
IRVINE, CA-The university names Johnson Fain Partners as the design architect for its new California Institute for Telecommunications and Information Technology. The project, which is being sponsored by the state governor's office, will use an innovative design/build delivery method.
FULLERTON, CA-Malloy Family Partners scoops up the 25,265-sf building in a $2.4-million deal. The acquisition follows on the heels of the $8.5-million sale of Fullerton's Commonwealth Industrial Park.
ORANGE COUNTY, CA-Although the Southland will continue to feel the effects of the recession into 2002, it will not be as hard hit as the rest of the state, according to renowned economist Michael J. Boskin, who spoke at yesterday's Southern California Economic Summit. He shared the stage with California State Treasurer Philip Angelides.