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03/21/2017
Toshiba America Signs 96,000-SF Lease in Irvine
Toshiba America, Inc. has leased a total of 96,000 square feet in two office buildings at 5231-5241 California Ave. in Irvine, CA. The firm will move its electronic components, information systems and logistics companies to Irvine Company's University...

03/21/2017
Cushman & Wakefield Expands West Coast Valuation & Advisory Platform
Cushman & Wakefield has made three strategic hires to expand leadership of its valuation and advisory platform along the West Coast. Steve Henry, MAI and Melissa Lofing, MAI join the commercial real estate services firm as managing directors in its...

03/21/2017
Top Commercial Real Estate Firms and Brokers in Orange County Win CoStar Power Broker Awards
Several top firms and real estate brokers in Orange County, CA are among the winners of the annual CoStar Power Broker Awards. Now in its 16th year, the awards recognize those who perform at the highest levels in commercial real estate brokerage. Every...

03/17/2017
CoStar's People of Note (Mar. 17) - Colliers Florida Announces New Statewide Leadership, Principals Named at Lee & Associates, Next Realty
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Tampa / St. Petersburg, San Diego, Washington DC, Raleigh / Durham...

03/15/2017
Costa Mesa Retail Sold for $5.3M
Lincoln Park Partners sold the retail building at 2150 Harbor Blvd. in Costa Mesa, CA to a private trust for $5.3 million, or about $925 per square foot. The 5,727-square-foot, free-standing building was delivered in 1984 and has been operated as a...

03/14/2017
Sunstone Sells Fairmont Newport Beach Hotel for $125M
WJ Newport LLC acquired the 444-room Fairmont Newport Beach hotel at 4500 Macarthur Blvd. in Newport Beach, CA from Sunstone Hotel Investors, Inc. for $125 million, or about $282,000 per key. The sales price represents a 16x multiple on 2016 Hotel...

03/10/2017
CoStar's People of Note (Mar. 10)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, Santa Fe, Boston, Chicago, Orange County, Phoenix/Tucson...

03/08/2017
Aliso Viejo Office Sells for $11.8M
Seabreeze Management Company, Inc. bought the office building located at 26840 Aliso Viejo Pky in Aliso Viejo, CA for $11.76 million, or about $347 per square foot, from Kelemen Caamano Investments. Built in 2000 and renovated in 2016, the building...

03/08/2017
Newport Beach Office Bldg Sells for $8M
In an off market transaction Mark Moshayedi with MX3 Ventures LLC purchased the foot office building at 2244 W. Coast Hwy in Newport Beach, CA from Third Palm Capital for $8 million, or about $454 per square foot. In January 2016 the buyer purchased...

03/08/2017
Spectrum Sells Lake Forest Tech Ctr Bldg 3
Spectrum Commercial sold the Lake Forest Tech Center Building 3 at 20321 Valencia Cir. in Lake Forest, CA for approximately $7.82 million, or $191 per square foot, to Liquidmetal Technologies. The property is comprised of 24,934 square feet of industrial...

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