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Preview: Orange County Commercial Real Estate News From CoStar Group

Orange County Commercial Real Estate News From CoStar Group

CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of


KBS Acquires City Tower Office Bldg for $147.3 Million

Wed, 14 Mar 2018 04:46:13 GMT

KBS Strategic Opportunity REIT, Inc. has acquired City Tower office building in Orange, CA, from New York City-based Torchlight Investors for $147.3 million, or $341.76 per square foot. At 20 stories, the 431,007-square-foot tower at 333 City Blvd. West is the third-tallest office building in Orange County. The tower is 76% leased to 24 tenants, with a current weighted-average remaining lease term of about four years, according to a KBS government...

Six Selected for Savills Studley Board

Mon, 05 Mar 2018 07:31:22 GMT

New York-based commercial real estate services firm Savills Studley, specializing in tenant representation, appointed six new members to its U.S. board of directors: Lisa Davidson, Ann Duncan, Doane Kelly, Jeff Manley, David Providenti and Tiffany Winne. Davidson is an executive managing director in the firm's Chicago, IL office. With almost 30 years of tenant representation experience, she has completed more than 25 million square feet of transactions...

Cameron Properties Pays $9.1M for Parkview Apts

Fri, 02 Mar 2018 06:01:45 GMT

Cameron Properties, Inc. acquired the 22-unit Parkview Apartments at 6785 Knott Ave. in Buena Park, CA from Brandywine Development Corporation for $9.18 million, or about $417,273 per unit. Built in 2014, the 21,524-square-foot multifamily property features 22 two-bedroom apartments with a mix of one-level and townhome-style units. In-unit features include dishwashers, disposal, granite countertops and washer/dryers. The community is also centered...

Retail Investment Property Trades for $5.5M

Fri, 02 Mar 2018 05:34:41 GMT

Ashdon Development, Inc. sold the leased fee interest under a Raising Cane’s property located at 23971 El Toro Rd. in Laguna Hills, CA to a private investor for almost $5.48 million. The 0.94-acre lot is currently improved with a 2,882-square-foot, freestanding quick-service restaurant building constructed in 2016. It is located directly off the 405 Freeway, across from the Laguna Hills Mall. The location combined with the trophy status...

New Method Wellness Buys Gates Professional Bldg for $5.9M

Fri, 23 Feb 2018 06:26:25 GMT

New Method Wellness, Inc. purchased the office building at 61601 Avenida Los Cerritos Rd. in San Juan Capistrano, CA for $5.9 million, or about $409 per square foot, from Cerritos Land Partners LP. The two-story office building, located on a 0.9-acre parcel, totals 14,410 square feet. Built in 2006, the building was 47 percent leased at time of sale. The buyer plans on occupying the first floor of the building. Greg Puccinelli of Newmark Knight...