Commercial real estate developers in Orange County reported completing about 1.8 million square feet of projects for the 12 months ending in April, according to the Business Journal’s annual developer survey. Twelve developers participated in this year’s survey, which ranks companies by square footage built and offers a snapshot of development activity across the county. […]
An Orange County commercial real estate company is dipping into neighboring Riverside County to build a massive industrial campus. Newport Beach-based Western Realco told the Business Journal that it has received entitlements to develop a five-building, 710,000-square-foot industrial park on 49.31 acres off Green River Drive in Corona, the first exit off the Riverside (91) […]
New York Life Insurance Co. has acquired a 218,648-square-foot distribution facility in Brea for $92 million, according to Newmark Group Inc. and CoStar data. The seller was Boston-based AEW Capital Management. The sale closed on Jan. 25 with the property changing hands for at $421.22 per square foot, according to CoStar. The property, known as […]
JEREMY MAPE DIRECTOR OF ACQUISITIONS WESTERN REALCO Why? Newport Beach-based Western Realco launched in 1972 and has since provided real estate development services in California and the Western United States. The company has directly or indirectly worked on more than 90 buildings, totaling 17M SF, in California and Nevada. In The News Western Realco was […]
FULLERTON – A business park expected to create nearly 940 new jobs has been approved for the northern edge of Fullerton, at its border with Brea and La Habra. The Beckman Business Center will revitalize the former 44.3-acre Beckman Coulter campus at Harbor Boulevard and Lambert Road. The property has been out of use since […]
Upon completing the development of a 582,772 square foot industrial building in Riverside on behalf of Alessandro Partners, LLC., Western Realco has solidified a more than 10-year lease with Ascena Retail Group, Inc. (ASNA). The building, located at 7295 San Gorgonio Drive, will be the retail group’s first West Coast distribution center. Ascena will take […]
