ORANGE COUNTY, CA-As the lack of new construction keeps demand for industrial product high in Orange County, the region's industrial market has remained fairly stable, according to a recently released report by Voit Commercial Brokerage.
NEWPORT BEACH-Locally based Koll Development Co. has landed a new tenant for its industrial complex in Rancho Cucamonga, as Panolam Group Inc. has inked a deal for 97,310-sf there.
ORANGE COUNTY, CA-A recently released survey by the California Association of Realtors names the county as the least affordable region in Southern California to buy a house.
LOS ANGELES-The 3,026-sf space is fully leased by Taco Bell. Located in Fullerton's Amerige Heights Town Center, the space has been sold for more than $1 million.
LOS ANGELES-The local newspaper has renewed its lease for 11,814 sf of office space in West Los Angeles, as experts predict a decrease in LA's office vacancy rate.
LOS ANGELES-The complex, which encompasses 45,548 sf, is located in Arcadia. Rents and prices in the San Gabriel Valley have remained fairly steady in recent months, even as other submarkets have weakened.
HUNTINGTON BEACH, CA-The seller, who originally paid $7.2 million for the 200-unit complex, has sold the property for $10.4 million. The Inland Empire has been named one of the top 10 tightest multifamily markets in the nation.
LOS ANGELES-The investor has purchased a 78-unit apartment complex in Alhambra from Jade Gardens LLC. Investors continue to favor multifamily, as the county's increasing population and lack of buildable land has caused occupancy levels to skyrocket.
LOS ANGELES-As LA's apartment market continues to sizzle, the Inland Empire is starting to heat up. It is now one of the top 10 tightest multifamily markets in the nation.