Tom Greubel, Vice President of leasing, with Spectrum Terrace and Discovery Park Irvine Company has renewed four lease deals for almost 200,000 square feet at two new multibuilding office centers, helping the tenants expand their footprint in Orange County. The four existing tenants — Kajabi, Hyperice, WeWork and Pacific Rim Capital — signed the deals […]
Orange County firm sells billion-dollar office portfolio to Singaporean trust
Towers at Emeryville and CEO of KBS Charles J. Schreiber Jr. KBS Capital Markets Group, an investment firm based in Newport Beach, has sold a nationwide office portfolio for $1.2 billion a trust based in Singapore named Prime US REIT. The deal includes 11 properties in nine states with nearly 3.4 million square feet of […]
Hack job: Richard Nixon’s Western White House gets another price chop
Richard Nixon (Credit: Getty Images) Richard Nixon’s former oceanfront estate in San Clemente has re-listed at another sharp price chop. The Spanish Colonial Revival-style home on a 5.45-acre spread is on the market for $57.5 million, according to the Los Angeles Times. That’s down 23 percent from the original ask of $75 million. It’s also […]
Amazon rumored to make landfall in Santa Barbara
Former Saks store in Santa Barbara Santa Barbara A giant this way comes. In a move that is expected to re-energize the city of Santa Barbara’s main thoroughfare of State Street, the 48,000-square-foot former Saks Fifth Avenue store space will be occupied by “a Fortune 100 tech company,” said Austin Herlihy, executive vice president of […]
Legacy Partners’ plan to build apartment complex on church property marks growing trend
Legacy Partners CEO W. Dean Henry and a rendering of the Legacy Sunflower Legacy Partners wants to replace a Santa Ana church it purchased with a 226-unit apartment complex, following a growing trend of developers building on what had been church property. The San Mateo County firm is seeking city approval for the construction of […]
Irvine Ranch Water District expands footprint with new office complex
Irvine Ranch Water District Board President Steven LaMar and a rendering of the Source H20 building The Irvine Ranch Water District’s new office complex will rise next to the agency’s headquarters, expanding its presence in an area whose office market has stayed flat but whose residential component has seen rapid growth. Work started on the […]