IRVINE, CA-Samsung Electro Mechanics, an affiliate of technology giant Samsung Electronics Co. Ltd., inks a 78-month term for office and R&D space at Irvine's Park Place Office Campus. The transaction is valued at nearly $3 million.
CORONA, CA-La Canasta Furniture inks a four-year lease renewal and expansion valued at $3.8 million for 173,000 sf of industrial space at 1235 Quarry St. The company has been located at the 418,000-sf facility for the past three years.
IRVINE, CA-A 12-year veteran of Gradient Engineers Inc., Kris Lutton most recently worked as vice president of the locally based environmental engineering consulting company. He will now serve as both president and CEO of the firm, which is a subsidiary of the Leighton Group Co.
FULLERTON, CA-The 192,750-sf development sits on nine acres. CT Realty plans to convert an unspecified amount of office and industrial space here into mini-storage and high-end industrial use.
YORBA LINDA, CA- Northern California-based Warren Wincorn acquires the retail center in a 1031 exchange. Encompassing 19,530 sf, the center is anchored by Stater Bros. Market. It stands at 18533-18549 Yorba Linda Blvd.
IRVINE, CA-Located at 19762 MacArthur Blvd., the 37,738-sf multi-tenant office was 63% leased at close of escrow. CIP specializes in the acquisition, redevelopment, repositioning and management of industrial and business parks.
ANAHEIM, CA-A joint venture between Security Properties and Principal Capital acquires the luxury apartment property that stands at 650 W. Broadway Blvd. The 14-year-old building, which was renovated in 2000, was 97% occupied at the time of sale.
SANTA ANA, CA-Chung and Co. LLC acquires the two office facilities, which are part of the 24-building, 400,676-sf Brookhollow Office Park. Located at 1560 and 1570 Brookhollow, the facilities encompass a total of 76,101 sf.
FULLERTON, CA-Private investor Richard Bracamonte snatches up an industrial facility at 1400 Manhattan Ave. The warehouse houses the West Coast plant and manufacturing operations for North American Enclosures, a manufacturer and distributor of picture frames.
RANCHO CUCAMONGA, CA-Empire Commercial Real Estate receives unanimous approval from the Rancho Cucamonga planning commission to build a $40-million multifamily development. It is the first multifamily project planned by Empire Commercial, which plans to break ground on the development later this year.