Commercial Real Estate News Videos


Commercial Real Estate News - June 9, 2013 - Southern California






Commercial Real Estate News - May 26, 2013 - Southern California


In this week's review, we'll have a look at a few new listings and transactions by some of the Top Commercial Real Estate Brokers in Southern California.

TRANSACTIONS

So let's take a look at some of the done deals this week.

Armen Gourdikian of Cushman & Wakefield represented the new tenant in this sublease transaction of a 49,000 square foot industrial building in San Bernardino, California.

Larry Null of Lee & Associates-Riverside represented the owner in the sale of this 53,000 square foot industrial building located at Citrus Park West, Riverside, California.

Troy Williams with Newmark Grubb Knight Frank represented the seller of this 3,549 square foot condo within the Riverbend Industrial Center in Anaheim, California.

And finally, on the transactions report for the week, is a year-to-date update of the sales activity at Koll Center 3, a high image Flex-Tech business park.  Eleven buildings have gone into escrow so far this year and only a few remain available for sale. They range in sizes from 2,523 square feet to 5,056 square feet and feature:  office/warehouse combinations, abundant parking and flexible uses are permitted.

NEW LISTINGS

New listings - with an improving market, increasing sale prices and lease rates, more properties are coming on the market.  Here are a few new listing from some of the top Commercial Real Estate Brokers.

To start off, here is a unique investment offering listed with Bob Hoyt of Colliers International.
It is a mixed use residential/retail 100% leased investment property, with 180 degree ocean views. It is located on Pacific Coast Highway, Laguna Beach, CA, was built in 1973, renovated in 2012 and this is the first time it has come on the market for sale.

Mitch Zehner and his team have been busy listing several properties this week. Among them, a land listing in Corona, California and four buildings in Orange County, California. Here are the highlights.

This 28 Acre commercial site listed for sale in Corona, California, features 1,600 linear feet of exposure on the 15 Freeway, with visibility and exposure  to 270,000 cars-per-day. 

Next is a 12,627 square foot, high image freestanding building in Brea, California listed for sale. It features dock high and ground level loading as well as a fenced yard area.

Mitzh Zehner and his team also listed this 45,000 square foot industrial property for lease. It consists of 3 buildings with a huge, all-concrete secured and gated yard area.

Lastly, are these two, adjacent 6,000 square foot industrial buildings listed for sale, located within a high image business park in Anaheim, California.  They can be purchased together or separately.

Now, let's go to Troy Wooton of BroadStreet Real Estate Group as he gives us the highlights of his new listing in Irvine, California - a flex/office/medical condo for sale ideal for an owner/user or investor.

Thanks for that, Troy.

The last of the new listings to highlight this week is this 210,000 square foot building in Garden Grove, California, listed by Voit Real Estate Services. It is ideal for a corporate headquarters, manufacturing and distribution facility. It features 50,000 square feet of elevator-served, two-story office area, a secured yard area with rail service, 20 dock high doors, 2 ground level doors,  a 32 foot warehouse clearance, fire sprinklers, and 4,000 amps of 277/480 volt electrical power.

NEW CONSTRUCTION PROJECTS

On the construction front, we have one big box distribution building in Rialto, CA.
The I-210 LOGISTICS CENTER, listed with Lee & Associates-Ontario.

This 718,000 square foot crossdock facility broker ground this week. It features a 32 foot minimum warehouse clearance, secured concrete truck courts, 112 dock high loading doors, 249 trailer parking spaces, 4 ground level doors, has an ESFR Fire Sprinkler System and a 2,000 AMP, 277/480 Volt power panel.

WRAP UP

Well, that does it for us this week.  Thanks for tuning in. Be sure to submit all your new listings, transactions and news items as soon as they are available.

Thanks for tuning in. We'll see you next time!







Commercial Real Estate News - May 19, 2013 - Southern California

In this week's review, we talk to a couple of top commercial real estate brokers as they break down their investment transactions - one local investor from Orange County andd the other, from China!

TRANSACTIONS (user deals)

Mike Bouma, of Voit Real Estate Services, represented the owner in an 82,608 sq. ft. lease transaction in Garden Grove, California.

Chuck Belden, with Cushman & Wakefield, represented the tenant in a slightly larger deal - a 101,964 sq. ft. distribution building located in the Redlands Industrial Centre, Redlands, California.

Jeff Mitchell, of Voit Real Estate Services, represented a courier company from Irvine, California in their move to a 33,000 sq. ft. industrial building in Tustin, California.

Last, but not least on the user-transactions front, Steve Crane, of Daum Commercial, took down two nice sized deals. The first was a 54 month sublease of a 36,475 sq. ft. industrial building in Anaheim, California. The new tenant, who is in the business of reconditioning break parts, is moving from Fullerton, California.  The second deal, was a sale transaction. Steve represented the buyer of a 23,200 sq. ft. industrial building in Anaheim, Callifornia.

TRANSACTIONS (investment deals)

Moving on to the top brokers in the investment world, we listen in as Noah Samarin, of Daum Commercial, as he breaks down an investment sale of 3 properties in Fontana, Califonia.

China is not the only buyer of these great investement deals.  Good 'ol US money is also goobling up investment opportunities.  Larry Null of Lee & Associates-Riverside gave us the details on a 100% Leased investment sale in Riverside, California. 

Yep!  Investmen properties are on fire. In fact, they don't even need to be leased to motivated value investors to buy vacant properties on a speculative basis, especially with rental rates on the rise. Here is one example. A vacant 7,304 sq. ft. industrial building in Murrieta, California, was purchased by a speculative investor. The property will soon be coming on the market for lease.  Charley Black and Michael Strode of Lee & Associates-Temecula Valley, represented both sides of this transaction.

NEW LISTINGS

New listings - we are featureing three of them this week.

The first one is an 11,840 sq. ft. single-tenant leased investment in Carlsbad, California. Tony Gleason of Voit Real Estate Services is the listing broker.  This property is a two-story office building located within the Carlsbad Professional Center. It was built in 2004, is elevator served, and has an abundant 4:1 parking ratio. The current lease expires in January 2018 and with the building's divisible flexibility, the investor/buyer would have the option of re-leasing it to one or more tenants or occupying a part or all of the building.

The second new listing in the line-up is an 11,499 sq. ft. industrial building in Irvine, California, listed by Bill Garrett of Lee & Associates-Newport Beach.  The building is currently vacant and ideal for an owner-user. The property sits on a large 32,017 sq. ft. corner parcel and has approximately $700,000 worth of building improvements. It is within walking distance to restaurants, shopping, banks, the "Diamond Jamboree" Center and "The District".

Last on the list is a 5,837 sq. ft. industrial building in Huntington Beach, California. Ken Hulbert, Dan Knudson and Danielle Knudson of Daum Commercial are the listing brokers. The building features a large fully enclosed yard, , is 100% HVAC, fire sprinklered and sits on a large 12,000 sq. ft. lot. The 2,236 sq. ft. of two-story office area is new but only 80% complete. The building is being sold in it's "as-is" condition.

PRICE CHANGES

Price Changes!  Price increases are becoming quite the norm. 

The sale price for this 18,078 sq. ft. office building was increased by approximately 3%, yet is still far below comparable building sales in Newport Beach, California. Joe Windelmann of Voit Real Estate Services is the listing broker.  Partially leased, the property is an ideal user/investor opportunity and is adjecent to one of the best scenic fitness areas in Orange County, the Newport Back Bay.  With it's 10-mile paved bike trail and abundant dirt trails, it offers employees the ease and joy of walk, bike or run any time of day.

A 5% sale price reduction is rare these days, but that's just what we saw in this next property listed by Mike Barreiro and Gavin Denniston of Daum Commercial.  This 11,023 sq. ft. industrial building sits on a corner and is also ideal for an owner-user or investor. The property is divisible, with two separate addresses on two streets.

BROKER BONUS

Let's wrap things up with a look at a couple of properties offering huge broker bonuses.

Both are listed by Sam Chu of CBRE.

The first is a 124,894 sq. ft. corporate headquaters facility in Cypress, Califoria. It is offering a $50,000 broker bonus.

The second is a 49,334 sq. ft. distribution space also in Cypress, California. $25,000 is the bonus being offered there.

For details, contact Sam Chu.

WRAP UP

Well, thanks for tuning in. Be sure to submit all your new listings, transactions and news items as soon as they are available.

Thanks for tuning in. We'll see you next time!

 

 

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