Orange County Commercial Real Estate News

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Updated: 13 hours 13 min ago

Newport Beach Retail Sells for $5.8M

Wed, 01/10/2018 - 4:59am
Pizza Nova PCH LLC purchased the retail building at 2601 W. Coast Hwy in Newport Beach, CA for $5.75 million, or about $1,867 per square foot. The single-story retail building, located on a quarter-acre parcel in Orange County, totals 3,080 square feet. Built in 1968, the building was leased to Pizza Nova and underwent a major renovation in 2014. Brian Barson and Ken Gould of Lee & Associates represented the seller. The buyer handled the...

CBRE Global Investors Acquires Irvine Office Bldg for $120 Million

Mon, 01/08/2018 - 11:44pm
Downtown Los Angeles-based CBRE Global Investors scooped up 2600 Michelson Dr., a 16-story office building in Irvine, CA, for $120 million, or about $390 per square foot, from Ocean West Capital Partners and Dune Real Estate LLC in a sale that shows what a hot market Irvine has become. The 16-story, 311,000-square-foot, 4-Star office property is 99 percent occupied with major tenants including Zillow, Premier Business Centers, Jacobs Engineering...

Rohe Joins Kidder Mathews in Orange County

Wed, 01/03/2018 - 10:34pm
Brandon Rohe has joined Kidder Mathews as a vice president. Based in the firm's Irvine, CA office, Rohe will continue specializing in the sale and leasing of industrial properties throughout Southern California. Rohe brings more than seven years of commercial real estate experience, focused in Orange County. Before joining Kidder Mathews he served as a commercial real estate agent at Lincoln Property Company, and before that was with Johnston...

TPG’s New Boutique Exercise Brand to Open HQ in Irvine

Tue, 01/02/2018 - 8:22pm
A boutique fitness franchise recently created by private equity giant TPG has chosen Irvine, CA for its corporate headquarters. TPG’s Xponential Fitness leased 26,273 square feet at 17877 Von Karman Ave., an office campus known as Intersect and owned by Hines and PIMCO, for its first corporate headquarters last month. TPG, based in San Francisco and Fort Worth, TX, created the fitness company late last year as an umbrella firm to encompass...