<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[Orange County Commercial Real Estate News From CoStar Group]]></title><link><![CDATA[http://www.costar.com/]]></link><description><![CDATA[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 commercial real estate information and commercial property listings available in its markets.]]></description><language><![CDATA[en]]></language><category domain="Yahoo"><![CDATA[Business/Real_Estate_and_Housing]]></category><ttl>15</ttl><image><title><![CDATA[CoStar Group, Inc.]]></title><link><![CDATA[http://www.costar.com/]]></link><url><![CDATA[http://www.costar.com/SharedFiles/Common/images/logos/CoStarGroup112.gif]]></url></image><item><title><![CDATA[CoStar's People of Note (May 12 - 18)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-12-18/148651?ref=/News/Article/CoStars-People-of-Note-May-12-18/148651&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego.
 
DETROIT
Farbman Group Promotes Gutman, Kalil 
By Tim Heise

Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of ]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 17 May 2013 09:02:42 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  Orange County's Industrial Deliveries, Construction and Inventory]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Orange-Countys-Industrial-Deliveries-Construction-and-Inventory/148621?ref=/News/Article/Market-Trend-Orange-Countys-Industrial-Deliveries-Construction-and-Inventory/148621&src=rss]]></link><description><![CDATA[During the first quarter 2013, no new space was completed in the Orange County Industrial market area. 

This compares to two buildings totaling 31,225 square feet that were completed in the fourth quarter 2012, nothing completed in the third quarter 2012, and nothing completed in the second quarter 2012.

There were 114,008 square feet of <a href="http://www.showcase.com/industrial-space" target="_blank">Industrial space</a> under construction at the end of the first quarter 2013. 

The largest projects underway...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Thu, 16 May 2013 07:08:46 GMT]]></pubDate></item><item><title><![CDATA[Turner Development Acquires 30,000-SF Office]]></title><link><![CDATA[http://www.costar.com/News/Article/Turner-Development-Acquires-30000-SF-Office/148490?ref=/News/Article/Turner-Development-Acquires-30000-SF-Office/148490&src=rss]]></link><description><![CDATA[Mahoney & Grau sold the <a href="http://www.showcase.com/Office-building" target="_blank">office building</a> at 1300 Quail St. in Newport Beach, CA to Turner Development Corp. for approximately $5.72 million, or $190 per square foot. 

The two-story, 30,084-square-foot office building was constructed in 1974 on 1.5 acres in the Newport Beach submarket of Orange County.  The buyer intends to renovate the building, though no estimate on the cost of renovations was given. In the short term the buyer intends to continue...]]></description><author><![CDATA[Brandon L. Williams <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 09:17:18 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 5 - 11)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-5-11/148478?ref=/News/Article/CoStars-People-of-Note-May-5-11/148478&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Los Angeles, Minneapolis, Washington DC, New Jersey, Chicago, New York, and Indianapolis.
 
LOS ANGELES
Diaz Returns to Cushman & Wakefield 
By Allison Smith

Lalo Diaz has returned to Cushman & Wakefield, Inc. as a market leader for the Downtown Los Angeles market. In his new role Diaz will be responsible for overseeing day-to-day activities, recruitment goals, an]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 08:11:27 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  Orange County's Retail Deliveries, Construction and Inventory]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Orange-Countys-Retail-Deliveries-Construction-and-Inventory/148441?ref=/News/Article/Market-Trend-Orange-Countys-Retail-Deliveries-Construction-and-Inventory/148441&src=rss]]></link><description><![CDATA[During the first quarter 2013, three buildings totaling 10,851 square feet were completed in the Orange County retail market. 

Over the past four quarters, a total of 341,476 square feet of <a href="http://www.showcase.com/retail-space" target="_blank">retail space</a> has been built in Orange County.  In addition to the current quarter, seven buildings with 46,162 square feet were completed in fourth quarter 2012, nine buildings totaling 121,140 square feet completed in third quarter 2012, and 163,323 square...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 03:46:09 GMT]]></pubDate></item><item><title><![CDATA[Industrial Building Trades for $4.9M]]></title><link><![CDATA[http://www.costar.com/News/Article/Industrial-Building-Trades-for-$49M/148244?ref=/News/Article/Industrial-Building-Trades-for-$49M/148244&src=rss]]></link><description><![CDATA[Commercial Custom Seating & Upholstery, Inc. purchased the industrial building at 7272-7274 Lampson Ave. in Garden Grove, CA from Container Supply Company, Inc. for approximately $4.89 million, or $75 per square foot. 

The 65,234-square-foot property sits on 3.1 acres in the Garden Grove Industrial submarket of Orange County.  It features five loading docks, three drive-ins, and 1,600-amp heavy power. The low price per square foot was attributed...]]></description><author><![CDATA[Justin Mcclure <news@costar.com>]]></author><pubDate><![CDATA[Wed, 08 May 2013 09:16:37 GMT]]></pubDate></item><item><title><![CDATA[Tustin Retail Sold for $2.5M]]></title><link><![CDATA[http://www.costar.com/News/Article/Tustin-Retail-Sold-for-$25M/148065?ref=/News/Article/Tustin-Retail-Sold-for-$25M/148065&src=rss]]></link><description><![CDATA[A family trust purchased the retail building at 450 E. 1st St. in Tustin, CA for $2.5 million, or about $580 per square foot, from MPNT LLC.  

Built in 1984, the building totals 4,314 square feet on four-tenths of an acre at the southwest corner of Centennial Way, adjacent to the Larwin Square Shopping Center.  The property is 100 percent occupied by Jalapeno's Mexican Food. 

Jerry Hsu of eFortune Realty, Inc. represented the seller.  Frank...]]></description><author><![CDATA[Tami Chuong <news@costar.com>]]></author><pubDate><![CDATA[Wed, 08 May 2013 07:47:28 GMT]]></pubDate></item><item><title><![CDATA[Facility Closures & Downsizings: Job Cuts Plunge to Four-Month Low, But Not "Picture" Perfect"]]></title><link><![CDATA[http://www.costar.com/News/Article/Facility-Closures-Downsizings-Job-Cuts-Plunge-to-Four-Month-Low-But-Not-Picture-Perfect/148376?ref=/News/Article/Facility-Closures-Downsizings-Job-Cuts-Plunge-to-Four-Month-Low-But-Not-Picture-Perfect/148376&src=rss]]></link><description><![CDATA[Job cuts fell to their lowest level since December 2012, as U.S. employers announced plans to trim payrolls by just 38,121 in April, according to the latest report on downsizing activity from global outplacement consultancy Challenger, Gray & Christmas Inc.

April job cuts were 23% lower than March, when announced layoffs totaled 49,255. They were 6% lower than the 40,559 planned job cuts announced in April 2012. April represents the lowest job...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 08 May 2013 07:17:23 GMT]]></pubDate></item><item><title><![CDATA[$4.2M Industrial Sale Closes in Garden Grove]]></title><link><![CDATA[http://www.costar.com/News/Article/$42M-Industrial-Sale-Closes-in-Garden-Grove/148129?ref=/News/Article/$42M-Industrial-Sale-Closes-in-Garden-Grove/148129&src=rss]]></link><description><![CDATA[Serella Trust has sold the 40,274-square-foot industrial building at 14321 Corporate Dr. in Garden Grove, CA to Peerless Capital LLC for approximately $4.23 million, or $105 per square foot.

The building was constructed in 1987 and sits on 1.7 acres.  The current lessee will continue to occupy the property on a short-term basis, after which time the buyer plans to occupy the property themselves with their custom injection molding company. There...]]></description><author><![CDATA[Amber Jagers <news@costar.com>]]></author><pubDate><![CDATA[Wed, 08 May 2013 01:18:35 GMT]]></pubDate></item><item><title><![CDATA[Essex Corp Ctr Trades for $11.3M]]></title><link><![CDATA[http://www.costar.com/News/Article/Essex-Corp-Ctr-Trades-for-$113M/147244?ref=/News/Article/Essex-Corp-Ctr-Trades-for-$113M/147244&src=rss]]></link><description><![CDATA[Emery Investments acquired the Essex Corporate Center at 1900 E. Carnegie Ave. in Santa Ana, CA for $11.31 million, or $120 per square foot. 

The 94,250-square-foot industrial flex building is situated within the Santa Ana Industrial submarket of Orange County, within close proximity to the 55, 5 and 405 Freeways.   The property was 64 percent leased at the time of sale.

Dave Desper and Chip Wright of CBRE represented the seller, Knob Hill Mines...]]></description><author><![CDATA[Jim Naderer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 08 May 2013 01:13:09 GMT]]></pubDate></item><item><title><![CDATA[The CoStar Watch List Newsletter for May 9 - May 19]]></title><link><![CDATA[http://www.costar.com/News/Article/The-CoStar-Watch-List-Newsletter-for-May-9-May-19/148410?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-May-9-May-19/148410&src=rss]]></link><description><![CDATA[This Week’s Top Stories

Multifamily GSE Lending Reform: Potentially Disruptive and Inherently Valueless
"Borrowers would face higher borrowing costs and more variability in the price and availability of credit, with the greatest adverse impact likely to fall on low- and moderate-income families and renters in underserved markets. Some borrowers could lose access to credit altogether."

Read the Full Story...

Receiver Sets Liquidation Plan...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 08 May 2013 07:16:13 GMT]]></pubDate></item></channel></rss>