Orange County

Westcore Properties executes a multi-level value-add strategy at 999 W. Town and Country Rd. here that involves entitling and selling a parking lot for apartment development, renewing an office lease and building a dedicated parking structure.

Western Realco sells a new free-standing warehouse with two-story office here for $32.5 million after redeveloping the property on spec and razing a vacant 88,000-square-foot office building.

The 16-story 2600 Michelson building here is 99% occupied with major tenants including Loan Depot, Jacobs Engineering, Zillow and Premier Business Centers.

The institutional-fund manager acquires Surf at 39, a 400-unit, coastal-infill multifamily asset here, and intends to upgrade units to meet tenant needs but keep it as a workforce-housing community.

Last-mile industrial is bringing new life to outmoded facilities that are well located, and rent spreads between classes are expected to continue tightening as more last-mile users target these spaces, C&W's Jeff Chiate tells GlobeSt.com.

Despite the encouraging number of residential-construction jobs being added to the market in December 2017, productivity needs to increase in order to meet inventory demand, says First American's Mark Fleming.

Online sales, increased tenant demand and small businesses' resurgence under the new administration are the driving forces behind institutional investors' newfound appetite for this product type, BKM's Brett Turner tells GlobeSt.com.

Steadfast Cos. renames its capital-markets group Stira and its global credit fund offered with Alcentra to Stira Alcentra Global Credit Fund to reflect its commitment to help the people of Nepal rebuild after its devastating earthquakes.