Page 1

ORANGE COUNTY’S Market Report

The Quarter First Quarter | 2014

3


meet the team Mike McVean Co-Managing Partner & Co-Founder

Blaine Annett Co-Managing Partner

Colby Annett Co-Managing Partner

Lee Belland Co-Managing Partner & Co-Founder

Chris Jackson Regional Managing Partner

Carl Brady Chief Technology Officer

Kim Stevens Chief Marketing Officer

Liz Sheff Executive Vice President

Elizabeth Noyes Senior Vice President & Controller

Christie Broussard Senior Vice President of Administration

Tommy Nelson Vice President

Mike Burnett Director of Building Operations

Christina Thompson Property Manager

Emei Hettig Property Manager

Felix Metoyer Assistant Property Manager

Mike Adams Senior Associate

Beau Ramsey Associate

Alex Quinion Graphic Designer


About the Quarter The Quarter is a unique publication that tracks the latest statistics, trends, threats and opportunities within the Orange County office market. The submarkets identified in this report may not directly correspond with submarkets as defined by other publications. Our geographical areas are determined purely by the market - understanding which buildings compete directly with each other, diligently researching market perceptions and analyzing recent trends. Moreover, we internally track each submarket on a building-by-building, tenant-by-tenant basis. Our conclusions reported in this publication are for the following submarkets:

ORANGE COUNTY OFFICE Airport Submarket Central County North County South County West County The statistics contained in this report are distinctly unique in three primary ways: 1. Only buildings that are institutional grade and on par with the competitive for-lease assets in the area are included in this study. By eliminating the functionally obsolete buildings, as well as non-office use buildings (ie. Medical) in each submarket, we are able to provide a much more accurate picture of the true availability rate. 2. The submarket identified and reported on in this study were specifically grouped together, because they represent unique geographic areas that compete internally for the same deals and operate independently from each of the other submarkets. 3. Each building tracked in this publication is grouped into a specific Classification in order to better understand how each type of product is performing within a given submarket. The Classifications for the office submarkets include: Class A, Class B, and Owner User buildings.

6


table contents O.C. OFFICE 08

OFFICE SUMMARY

10

AIRPORT SUBMARKET

28

SOUTH COUNTY

46

CENTRAL COUNTY

62

NORTH COUNTY

66

WEST COUNTY


office summary O.C. O ve r al l S t a t is t i c s Class A Class B

(244 Properties) (1,021 Properties)

Total – Competitive Investor Owned Properties Total – Owner User Properties (154 Properties) Overall Investment Grade Inventory (1,420 properties)

IN V EN TORY

AVAIL AB L E SQUARE FE E T

1Q 2014 AVAIL AB IL ITY

HISTO RICAL AVAIL AB IL ITY T REND S 4Q13

3Q13

2Q13

1Q13

39,986,853 47,306,505

7,916,168 9,226,389

19.8% 19.5%

20.4% 19.9%

21.0% 19.9%

22.0% 21.1%

22.8% 20.7%

87,305,358 14,267,967 101,573,325

17,143,307 690,181 17,833,488

19.6% 4.8% 17.6%

20.1% 1.7% 17.6%

20.4% 2.0% 17.9%

21.5% 0.6% 18.6%

21.7% 0.6% 18.9%

17.6%

(285,513)

FIRST QUARTER AVA I L A B I L I T Y

NET ABSORPTION

101,573,325 INVESTMENT GRADE INVENTORY

17,833,488 AVA I L A B L E S Q U A R E F E E T

8


This map reflects the locations of the five office submarkets within the greater Orange County metro area. Up-to-date market statistics, recent transactions, new development summaries, and current market trends can be found for each submarket on the following pages.

60 60

605

N ORT H COUN T Y

15

p a ge 6 2

57

5 91

241 55

405

CEN T RAL COUN T Y p a ge 4 6

22

AI RPORT SUBMARKET p a ge 10

133

WEST CO UNTY p a ge 6 6

405 JOHN WAY NE AIRPORT

241

SOUT H COUN T Y

73

p a ge 2 8

5

9

15


F I RST QUARTE R 2 0 1 4

16.6% AVAILABILITY

7,152,412 AVAILABLE SQ FT

(266,109) NET ABSORPTION

32.6% OFF PEAK RENT

I N V E ST M E N T SA L E ( SOL D ) : 1 5 0 1 Q UA I L

Statistics Class A Class B

IN V EN TORY

(121 properties) (348 properties)

Total – Competitive Investor Owned Properties Total – Owner User Properties (48 properties) Overall Investment Grade Inventory (512 properties)

AVAIL AB L E SQUARE FE E T

1Q 2014 AVAIL AB IL ITY

HISTO RICAL AVAIL AB IL ITY T REND S 4Q13

3Q13

2Q13

1Q13

24,064,202 15,696,229

4,647,383 2,542,344

19.3% 16.2%

21.4% 15.6%

22.1% 16.2%

23.2% 17.3%

23.7% 18.3%

39,072,271 3,995,996 43,068,267

7,062,053 90,359 7,152,412

18.1% 2.3% 16.6%

19.1% 1.5% 17.7%

29.8% 2.5% 18.4%

20.8% 2.1% 19.3%

21.5% 2.3% 20.0%

Leas i ng Act iv i ty

Deals i n the Marke t

TENANT

BUILDING

SQ UA R E F E E T

TENANT

S QUARE F E E T

EXPI RATI O N

Alphaeon

18191 Von Karman Ave

52,774

State Farm

120,000

3Q 2014

HCP

1920 Main St

35,000

Western Growers Association

60,000

4Q 2014

Houzz

3337 Michelson

25,000

GE

45,000

1Q 2015

Wells Fargo

40,000

1Q 2015

Healthcare Partners

40,000

4Q 2014

Haynes & Boone

30,000

1Q 2015

Brookfield Residential

30,000

1Q 2015

Palmieri Law

22,000

4Q 2014

Green & Hall

20,000

1Q 2015

Marcus & Millichap

18,000

1Q 2015

Towers Watson

18,000

4Q 2014

10


Airport Submarket I nve stme n t Sale s SELLER

ADDRESS

TA Associates

1501 Quail

John Elliot

18006 Sky Park

(Bu ild ings So ld )

S QUARE F E E T

Inve s t men t Sale s

C L AS S

PS F

BUYER

45,343

B

$203

Bixby Land Company

24,772

B

$185

Valliya Mekpongsatorn

PS F

% LEASED

(Bu ild ings o n the Market)

SELLER

ADDRESS

S QUARE F E E T

C L AS S

Ocean West

2600 Michelson

307,662

A

Withheld

89%

Hackman Capital Partners

Workscapes

82,954

B

$193

78%

Spectrum Group Int'l

1063 McGaw Ave

56,741

B

Withheld

90%

B i g B lo ck Avai lab i li ti e s ( 75,000 s f+)

I NVE STME NT S A L E ( O N M A R KET ) : 1063 M CG AW AV E

“Act ivi ty d u ring the 1s t Quarter coul d b e st be d e scr ib ed as f lat. Activ ity p ersists, re n t al rate s are inch ing h igher, bu t no t a t t he pace of early 2013.”

11

OWNER

BUILDING

S QUA RE FEET

Menlo Equities

Quintana

367,500

The Irvine Company

520 Newport Center

319,329

LBA

3349 Michelson

230,000

Blackstone

2 MacArthur

206,000

Hanwha West

14522 Myford

167,000

Emmes

4000 MacArthur

180,500

LBA

3351 Michelson

168,500

The Irvine Company

3200 Park Center

108,000

TA Associates

5 Peters Canyon

108,000

CJ Segerstrom

650 Town Center

102,000

Hines

16800 Aston

90,000

CJ Segerstrom

600 Anton

84,000

Stream Realty Partners


G

25

24

28

23 29

73 F

33

30

34 35

40 36

27 26

20

22

E RE BO M JA

41

42

16

48

38

MA CA RTH UR 49 BO ULE 50 54 52

43 53

M

47

44 45

46

B C

14

58 56

15

405

13

N

8 5 A 2 4

1 3

IN MA

55

51

L

AD RO

10

9

37

39

E CAMPUS DRIV

IVE DR N 12 SO L E CH I M 11

32

STREET BIRCH

17

18

19

K

31

21

E

T EE R ST

6

7


AIRPORT SUBMARKET F I R S T

Q U A R T E R

2 0 1 4

405

79 77

81

78

73

71

82

72 76 74

75

80 85

H 83

61

J 87 86

405

EVA RD

84

55

88

70

60

69

59

I

57

63

62

64 68 67 D

65

VO N

UE EN V A AW G MC

66

KA RM AN

AV EN UE

N TO L A

AY W RK PA

N

89


EXISTING BUILDINGS

B UILDIN G NAME

COMPLETION DATE

1

5 Park Plz - Jamboree Center

1989

405,107

20

98.2

12,867

2,857

$2.70 FS

2

3 Park Plz - Jamboree Center

1990

399,574

20

95.1

49,240

22,786

$2.30 $2.90 FS

3

4 Park Plz - Jamboree Center

1991

435,706

20

95.5

42,609

13,685

$2.60 FS

4

2 Park Plz - Jamboree Center

1989

214,248

12

95.9

18,764

4,515

$2.50 FS

5

1 Park Plz - Jamboree Center

1986

213,488

12

91.0

40,200

18,391

$2.35$2.65 FS

6

2603 Main St - Century Centre II

1989

223,780

13

96.2

8,603

8,603

$2.10 FS

7

2601 Main St - Century Centre I

1986

223,447

13

86.4

30,825

14,525

$2.10 FS

8

3349 Michelson Dr - Atrium E

1978/2012

232,000

4

64.4

82,937

230,097

$2.00 FS

9

3347 Michelson Dr - Atrium D

1978/2012

215,847

4

100.0

--

--

$2.00 FS

10

3345 Michelson Dr - Atrium C

1978/2012

232,000

4

100.0

--

--

$2.00 FS

11

3351 Michelson Dr - Atrium B

1978/2012

221,486

4

36.8

139,938

139,938

$2.00 FS

12

3353 Michelson Dr - Atrium G

1978/2012

213,790

4

100.0

--

--

$2.00 FS

13

3355 Michelson Dr - Atrium H

1978/2012

245,440

4

100.0

--

--

$2.00 FS

14

3333 Michelson Dr Prudential Tower

1972/2012

250,744

10

85.6

69,279

23,832

$2.30 FS

15

3161 Michelson Dr - The Michelson

2007

536,307

20

96.1

22,716

7,958

$3.40 FS

16

3121 Michelson Dr - Park Place

2002

150,480

6

78.8

31,863

23,591

$2.50 MG

17

19500 Jamboree Rd - Impac Center

2006

210,000

7

100.0

28,419

28,419

--

18

19510 Jamboree Rd - Impac Center

2014

108,696

4

100.0

--

--

N/A

19

19520 Jamboree Rd - Impac Center

2008

106,579

5

98.7

1,425

1,425

$2.10 FS

20

19900 MacArthur Blvd Newport Gateway Tower II

1990

275,703

14

85.4

45,019

33,919

$2.35 FS

21

19800 MacArthur Blvd Newport Gateway Tower I

1987

298,673

14

97.2

50,104

16,130

$2.35$2.55 FS

22

19540 Jamboree Rd - Impac Center

2006

151,392

4

100.0

38,898

38,898

--

23

3501 Jamboree Rd - Bayview Corporate Center

1988

322,000

6

62.4

121,070

67,785

$2.15 FS

STREAM REALTY PARTNERS

S Q UAR E FEET

T O TAL F LO O R S

14

O CCUPANCY

AVAI LAB LE S PACE

LARG EST CO NTIG UO US SPAC E

Q UO TED RATE


D E

PA R K I NG R AT IO

M AJOR T E N AN T S

OWNER

MAR KE T I NT E LLI GE NCE

S

4.30:1000

MetLife; Morgan Lewis; Troutman Sanders, LLP; HomeBridge; Alorica Inc.

The Irvine Company

MetLife leases 75,000 SF on floors 18-20

S

4.30:1000

Crowell & Moring; Coca-Cola; Microsoft; Koeller, Nebeker, Carlson; Sedgwick, Detert, Moran, & Arnold; JP Morgan/Chase

The Irvine Company

Building was 41% vacant in 2009.

S

4.00:1000

GE Commercial Finance; Howrey; SpecificMedia; Orrick; Payne & Fears, L.L.P.; McDermott, Will & Emery

The Irvine Company

Building was 30% vacant in 2011.

S

4.00:1000

Ameriprise Financial; Berger & Kahn; Granite Investment Group; Orange County Business Council

The Irvine Company

Hyatt Regency on-site. Was 31% vacany in 2010. Rental rates have risen 10% since 2013.

S

4.00:1000

MetLife; Toyota; The Wooditch Company; MC Aviation Partners America, Inc.; Bank of America; K&L Gates

The Irvine Company

Hit all time high vacancy (33%) in 2010, now achieving highest occupancy.

S

3.40:1000

Palmeiri, Tyler, Warner; Action Property Management; Murtaugh, Meyer, Nelson, & Treglia

Olen Properties

Purchased in portfolio from SP Century Centre, LLC in 2005 for $300 psf.

S

3.40:1000

Abbot; FedEx; Farheap Solutions, Hollins Law

Olen Properties

Purchased in portfolio from SP Century Centre, LLC in 2005 for $300 psf.

S

4.00:1000

Balboa Insurance Group; Western United Insurance Group

LBA Realty

Purchased Note on portfolio from TIAA-CREF (MPG Office Trust, Inc.) in 2010 for $48 psf.

S

4.00:1000

Caltrans

LBA Realty

Purchased Note on portfolio from TIAA-CREF (MPG Office Trust, Inc.) in 2010 for $48 psf.

S

4.00:1000

St. Joseph Health; State Farm

LBA Realty

Purchased Note on portfolio from TIAA-CREF (MPG Office Trust, Inc.) in 2010 for $48 psf.

S

4.00:1000

State Farm; LA Fitness

LBA Realty

Purchased Note on portfolio from TIAA-CREF (MPG Office Trust, Inc.) in 2010 for $48 psf.

S

4.00:1000

NHN USA; Western Digital Corporation

LBA Realty

Purchased Note on portfolio from TIAA-CREF (MPG Office Trust, Inc.) in 2010 for $48 psf.

S

4.00:1000

Western Digital Corporation; Loandepot. com

LBA Realty

Purchased Note on portfolio from TIAA-CREF (MPG Office Trust, Inc.) in 2010 for $48 psf.

S

4.00:1000

Travelers; State Farm

LBA Realty

Purchased Note on portfolio from TIAA-CREF (MPG Office Trust, Inc.) in 2010 for $48 psf.

S

4.00:1000

Hyundai Capital; Bryan Cave; Jones Day; Gibson, Dunn, & Crutcher; Jacobs Engineering

Manulife Financial

Purchased from Emmes Asset Management Co. in 2012 for $516.50 psf.

G

4.00:1000

Arch Bay Capital; US Bank; Adler Weiner Research Orange

LBA Realty

Purchased in portfolio from MPG Office Trust, Inc. in 2010 for $63 psf. Rates increased $0.75 from 2012 to 2013.

-

4.00:1000

Impac Mortgage Holdings, Inc.; Consumer Portfolio; Synergy Capital MTG. Corp.; Excel Mortgage Servicing; Nationwide

Scholle Corporation

28,419 RSF sublease available on the 3rd floor (Impac Companies).

A

4.00:1000

Google

Scholle Corporation

New building with estimated completion of 2014. Google signed a full-building lease.

S

4.00:1000

TRI Pointe Homes; Westgrove Designs; Edwards Lifescience

Scholle Corporation

Originally built three floors for John Laing Homes.

S

3.40:1000

Toshiba; JNR Inc.; Passy Muir Inc.; Opus Bank; Interush

The Irvine Company

Purchased in portfolio from PPF OFF 19800 MacArthur Blvd LP in 2006 for $374 psf.

S

4.00:1000

Friedman, Stroffe & Gerard; Boston Scientific; IHP Capital Partners; Regus; Cox, Castle & Nichelson

The Irvine Company

Purchased in portfolio from PPF OFF 19800 MacArthur Blvd LP in 2006 for $374 psf.

-

4.00:1000

Google; Pacific Alternative Asset Management; Equinox

Scholle Corporation

Creative office space formerly occupied by Google (available 3/1/14).

S

4.00:1000

Samuelsen, Gonzalez, Valenzula and Brown; D.I.S.C. Sports and Spine Center; CBRE

S.K. Hart Properties

Purchased from FDIC in 2009 for $160 psf. Previous owner and major tenant was Downey Savings & Loan.

15

AIRPORT SUBMARKET I FIRST QUARTER 2014


EXISTING BUILDINGS

B U I L D I NG N A M E

COMPLETION DAT E

24

100 Bayview Circle

1989

317,153

6

88.3

39,159

13,902

$2.25 FS

25

895 Dove St - Newport Plaza

2000

107,473

5

95.4

4,942

2,789

$2.40 FS

26

4000 MacArthur Blvd - Koll Center - West Tower

1979

180,552

10

0.0

180,552

180,552

--

27

4000 MacArthur Blvd - Koll Center - East Tower

1979

212,316

10

90.8

33,029

28,029

$2.15 FS

28

1301 Dove St - One Newport Place

1981/2001

202,178

10

96.3

8,878

6,190

$2.35 FS

29

4041 MacArthur Blvd Redstone Plaza

1976/1995

124,940

5

92.3

15,088

6,278

$2.25 FS

30

4100 Newport Place Dr Newport Corporate Tower

1990

189,452

9

84.6

30,554

7,590

$2.25 FS

31

5000 Birch St - East Tower

1983

98,380

6

76.6

28,065

6,998

$2.20 FS

32

5000 Birch St - West Tower

1983

192,030

10

100.0

9,391

5,000

$2.20 FS

33

4400 MacArthur Blvd - Bank of the West

1981

152,340

9

100.0

18,336

18,336

$1.95 FS

34

4590 MacArthur Blvd

1978

121,152

6

90.1

14,474

5,909

$2.25 FS

35

4675 MacArthur Ct MacArthur Court I

1985

284,059

16

100.0

1,963

1,963

$2.65 FS

36

4695 MacArthur Ct MacArthur Court II

1987

283,986

15

100.0

7,500

5,000

$2.65 FS

37

18881 Von Karman Ave Airport Tower

1987/2006

234,694

17

74.5

62,997

14,041

$2.10 FS

38

19100 Von Karman Ave - The Atrium

1986

146,811

10

87.8

28,001

5,571

$2.20 FS

39

19200 Von Karman Ave - The Atrium

1986

144,801

10

92.9

36,234

8,002

$2.10 $2.30 FS

40

19000 MacArthur Blvd MacArthur Plaza

1982

151,706

9

97.6

15,432

6,093

$1.95 FS

41

2201 Dupont Dr -Dupont Centre I

1986

148,771

8

93.8

17,677

5,574

$2.15 FS

42

2301 Dupont Dr - Dupont Centre II

1986

95,079

5

94.2

6,557

3,248

$2.15 FS

43

2600 Michelson Dr

1986

307,662

16

88.8

96,114

20,026

$2.25 FS

44

18500 Von Karman Ave Irvine Center Towers

1987

223,777

11

100.0

10,153

3,768

$2.45 FS

45

18300 Von Karman Ave Irvine Center Towers

1982

212,991

11

100.0

21,402

11,887

$2.40 FS

46

18100 Von Karman Ave Irvine Center Towers

2007

244,718

10

96.0

47,066

17,109

$2.35 FS

STREAM REALTY PARTNERS

SQU A RE FEET

TO TA L FL O O RS

16

O CCU PA NCY

AVA I L A BL E SPA CE

L A R GE ST CO N TIGU O U S SPA C E

Q U O TE D R ATE


D E

PAR K IN G RATIO

S

M A J O R T ENA NT S

OWNER

M A RK ET I NTEL L I G ENCE

4.00:1000

Mitsubishi Power Systems; Alliance Healthcare Services; Hewitt Associates; Riverrock Real Estate Group

AEW Capital Management

Purchased from The Muller Comapny in 2005 for $369 psf.

S

4.75:1000

Newmeyer & Dillion; Stifel Nicolaus; Voss, Cook, & Thel; The Regus Group

Goldman Sachs Asset Management, LP

Purchased from The Blackstone Group in 2013 for $361. Two small vacancies available on the 4th floor.

-

4.00:1000

Conexant Systems, Inc.

Emmes Asset Management Co.

Purchased from Tishman Speyer (by way of purchasing note and foreclosure) in 2011 for $230 psf. Conexant vacated in 2013.

S

4.00:1000

Mindspeed Technologies, Inc.

Emmes Asset Management Co.

Purchased from Tishman Speyer (by way of purchasing note and foreclosure) in 2011 for $230 psf.

S

4.00:1000

Alliant Insurance Services; Bean, Brobeck, West, Borgas & Rosa; Wang, Hartmann, Gibbs & Cawley;

MetLife

Purchased from TA Associates in 2004 for $221 psf.

S

5.00:1000

Studeo, Inc.; Kinecta; ProCare One Nurses; Orange County Community Foundation

Equity Office

Purchased in portfolio from AIG Asset Management in 2013.

S

4.00:1000

U.S. Bancorp; Squire Milner, CPA; BrownForman Corporation

American Realty Advisors

Purchased from Advent Realty II in 2002 for $211 psf.

S

4.00:1000

Wells Fargo; Secova

Cornerstone Real Estate Advisers

Purchased in portfolio from Aetna Life Insurance Company in 2002.

S

4.00:1000

Wells Fargo; The Regus Group; O'Leary and Partners; Secora

Cornerstone Real Estate Advisers

Purchased in portfolio from Aetna Life Insurance Company in 2002.

S

4.00:1000

Bank of the West; CPS Insurance Services

TA Associates Realty

Purchased from Cornerstone Real Estate Advisers, Inc. in 2007 for $422 psf.

S

4.00:1000

Wells Fargo; Palace Entertainment; Real Office Centers

Ferrado Inmuebles SA

Purchased from KBS Real Estate Investment Trust, Inc. in 2007 for $382 psf.

S

4.00:1000

Gensler; Grubb & Ellis; Orange County Business Bank; Sabal Financial

The Irvine Company

Fully leased. Clean Energy Fuels leases 51,000 SF, and MSC Software 36,000 SF.

S

4.00:1000

PRTM Management Consultants; Merrill Lynch; SM&A; The Regus Group

The Irvine Company

Merrill Lynch & Co leases 45,000 SF, and HUB International 20,000 (2013 move-in).

S

4.00:1000

Dept. of Homeland Security; Sperry Van Ness; National Payment Provider; Yellowbook USA

Rockwood / The Muller Company

Purchased in portfolio from MPG Office Trust, Inc. in 2007 for $420 psf.

S

4.00:1000

Severson & Werson; Studley, Inc.

Cornerstone Real Estate Advisers

Purchased in portfolio from Hyogo Atrium, Inc. in 2000 for $204 psf.

S

4.00:1000

Credit Suisse Private Banking; Premier Business Centers

Cornerstone Real Estate Advisers

Purchased in portfolio from Hyogo Atrium, Inc. in 2000 for $204 psf.

S

4.00:1000

E.P.I.C. Insurance; PainePR, Inc.; W. Brown & Associates; Broadcom

CM Capital Corporation

Purchased in portfolio from C M Winprop Inc. in 2005.

S

4.01:1000

EMC2; Parsons Corporation; Gliwell Laboratories

Lincoln Propety Company/ State Teachers of Illinois

Purchased in portfolio from Crescent in 2008 for $313 psf.

S

4.00:1000

Faris Lee Investments; CBIZ Accounting

Lincoln Propety Company/ State Teachers of Illinois

Purchased in portfolio from Crescent in 2008 for $313 psf.

S

3.24:1000

Mount Olympus Mortgage; Premier Business Centers, Allergan

OceanWest Capital / Dune Real Estate

Purchased from MPG Office Trust, Inc. in 2011 for $228 psf.

S

4.00:1000

KPFF, Inc.; Experian Consumer Direct; Pfizer; PacTrust Bank; Brown-Forman Corp.; Samsung

The Irvine Company

Purchased in portfolio from Koll Center Irvine in 2006 for $289 psf.

S

4.00:1000

Union Bank of California; Gallup University

The Irvine Company

Purchased in portfolio from Koll Center Irvine Number Two in 2006 for $289 psf.

S

4.00:1000

Advantage Sales & Marketing; Steadfast Investment Properties; ENVIRON; Tressler

The Irvine Company

Purchased from Transwestern in 2007.

17

AIRPORT SUBMARKET I FIRST QUARTER 2014


EXISTING BUILDINGS

B UIL D ING N AME

CO MPLE TION DATE

S QU A RE FEET

T O TA L F LO O RS

O CCU PA N CY

AVA I LA BLE S PA CE

LA RGEST CO NTIGU OUS SPA C E

Q U OTED RATE

47

18200 Von Karman Ave Irvine Center Towers

1982

221,973

11

98.4

11,464

4,915

$2.40 FS

48

18400 Von Karman Ave Irvine Center Towers

1986

220,502

11

98.8

34,157

16,141

$2.35 FS

49

2211 Michelson Ave

2007

271,556

12

96.4

23,433

8,609

$2.55 FS

50

18301 Von Karman Ave - Von Karman Towers

1989

226,352

11

87.0

35,536

20,973

$2.25 FS

51

18201 Von Karman Ave - Von Karman Towers

1985

226,106

11

74.9

78,628

42,076

$2.20 $2.30 FS

52

18401 Von Karman Ave - Von Karman Towers

1982

114,296

5

78.3

26,172

6,829

$2.20 FS

53

18191 Von Karman Ave Lakeshore Towers II

1999

127,912

5

93.1

8,779

8,779

$2.20 FS

54

18101 Von Karman Ave Lakeshore Towers I

1990

407,789

19

85.9

100,400

22,745

$2.20 $2.75 FS

55

18111 Von Karman Ave Lakeshore Towers III

2000

241,505

10

86.9

34,516

11,303

$2.20 $2.25 FS

56

17901 Von Karman Ave Irvine Concourse

1985

272,887

12

75.3

76,481

26,391

$2.00 $2.20 FS

57

17911 Von Karman Ave Irvine Concourse

1981

104,375

5

58.4

65,163

65,163

$1.95 FS

58

2050 Main St

2007

314,027

13

82.0

76,109

24,024

$2.55 $2.85 FS

59

2040 Main St

2002

307,559

14

85.5

106,559

81,402

$2.35 FS

60

2030 Main St - Wells Fargo Tower

1990

355,360

16

89.4

86,009

22,845

$2.50 FS

61

2020 Main St

1999

268,838

12

81.9

55,727

16,213

$2.35 FS

62

1920 Main St - 1920 Main Plaza

1988

296,194

12

91.2

34,489

8,485

$2.00 FS

63

2010 Main St - 2010 Main Plaza

1988

280,870

12

70.9

81,640

25,137

$2.00 FS

64

17885 Von Karman Ave Quintana Bldg F

2008

151,370

5

94.8

7,925

7,925

$2.35 FS

65

17877 Von Karman Ave Quintana Bldg B

1990

154,975

5

0.0

154,975

367,585

$2.25 FS

66

17875 Von Karman Ave Quintana Bldg A

1989

128,938

4

0.0

128,938

367,585

$2.25 FS

67

17838 Gillette Ave - Quintana Bldg D

2001/2004

55,350

2

100.0

--

--

--

68

17872 Gillette Ave - Quintana Bldg C

1990

83,672

4

0.0

83,672

367,585

$2.25 FS

69

1901 Main St

2001

171,849

8

91.4

14,785

14,785

$2.20 FS

STREAM REALTY PARTNERS

18


D E

PAR KI NG R AT I O

S

MAJ OR T ENANT S

O W NE R

MA RK E T I N T E LLI G E N CE

4.00:1000

Glumac; Nations Direct Mortgage; Greenlight Financial

The Irvine Company

Purchased in portfolio from Koll Center Irvine Number Two in 2006 for $289 psf. Epicor vacated and moved to Lakeshore Towers (70,000 SF), but signed Greenlight Financial (81,000 SF).

S

5.00:1000

Grant Thornton LLP; Buchalter Nemer; Lincoln Financial; YPM, Inc.; California Republic Bank

The Irvine Company

Purchased in portfolio from Koll Center Irvine Number Two in 2006 for $289 psf.

S

4.00:1000

Pathway Capital Management; Wells Fargo Bank; Fidelity; Scott's MiracleGro; Burnham Benefits Insurance Services

Kilroy Realty Corporation

Purchased from Crescent Real Estate Equities Company in 2010 for $380 psf.

S

3.33:1000

Golden State Foods; The Darren Sugiyama Companies; Feris Lee Investments; Fortus Property Group

Greenlaw Partners / Westbrook Partners / Walton Street Capital

RREEF moved to MetroCenter office. Purchased from KBS Real Estate Investment Trust, Inc. in 2010 for $184 psf.

S

4.00:1000

CalFirst; The Related Companies; Arthur J. Gallagher & Co.

American Realty Advisors

Purchased in portfolio from World Trade Center Bldg, Inc. in 2004 for $226 psf.

S

4.00:1000

McGladrey & Pullen; Wells Fargo; IBI Group

American Realty Advisors

Purchased in portfolio from World Trade Center Bldg, Inc. in 2004 for $226 psf.

S

3.75:1000

Northwestern Mutual; Catalina Marketing Corp.

General Electric Pension Trust

--

S

3.75:1000

Nossaman LLP; First Foundation Advisors & Bank; Willis; Epicor; Edison Funding Company

General Electric Pension Trust

Mission Energy (Southern California Edison) moved to 3 MacArthur Place and Epicor backfilled their space.

S

3.75:1000

Ernst & Young; Pepperdine University; City National Bank; Quality Systems, Inc.

General Electric Pension Trust

--

S

4.00:1000

Pacific Premier Bank ; LBA Realty; Oracle; Marsh/Mercer; Michelmant Robinson

LBA Realty

Taco Bell moved to 1 Main Place in Irvine Spectrum in January 2010. Purchased in portfolio in 1999 for $114 psf.

S

3.10:1000

Fidelity National Financial

Arden Realty

Purchased in portfolio from The Blackstone Group in 2007.

S

4.00:1000

Fisher & Phillips; SingerLewak; Provision; Marriott; Orrick; SunWest Bank

AEW Capital Management, L.P.

Purchased from Greenlaw Partners in 2011 for $345.46 psf. Developed by Opus.

S

4.00:1000

Knobbe, Martens, Olson, & Bear; Moss Adams; Watt, Tiedar, Hoffar & Fitzgerald, L.L.P.

Knobbe Martens Olson & Bear

Purchased from Irvine Center Partners II in 2004.

S

4.00:1000

Grant, Genovese, and Barrata; Jackson DeMarco Tidus Pickenpaugh; Wells Fargo Bank

State Teachers Retirement System of Ohio

Purchased from Koll Tower Four Associates in 1998 for $255 psf.

S

4.00:1000

PricewaterhouseCoopers; Miller Brewing Company; McKennon, Wilson, & Morgan; Concord Investment Counsel

Prudential Real Estate Investors

--

S

4.00:1000

Sullivan Curtis & Monroe; World Poker Tour Enterprises

Shorenstein LLC

Purchased from MPG Office Trust in 2008.

S

4.00:1000

Balboa Capital Corp.; Wunderman West

Shorenstein LLC

Purchased from Prudential Real Estate Investors in 2008.

S

4.00:1000

TetraTech; Ayco

Oaktree Capital Management / MPG Trust

Purchased from MPG Office Trust, Inc. in 2010.

S

4.00:1000

--

Menlo Equities

Purchased in portfolio from MPG Office Trust in 2010 for $178 psf.

S

4.00:1000

--

Menlo Equities

Purchased in portfolio from MPG Office Trust in 2010 for $178 psf.

-

4.00:1000

Stratacare

Menlo Equities

Purchased in portfolio from MPG Office Trust in 2010 for $178 psf.

S

4.00:1000

--

Menlo Equities

Purchased in portfolio from MPG Office Trust in 2010 for $145 psf.

S

4.00:1000

Morgan Stanley / Smith Barney; Bosch

Piedmont Office Realty Trust

Purchased from Main & Mac II in 2003 for $265 psf.

19

AIRPORT SUBMARKET I FIRST QUARTER 2014


EXISTING BUILDINGS

B UILDIN G NA ME

COMPLETI ON DATE

70

1900 Main St

1999

172,250

8

100.0

50,739

22,464

$2.30 FS

71

3070 Bristol St - South Coast Corporate Center

1988

128,754

6

92.1

54,510

21,179

$1.95 FS

72

3080 Bristol St - South Coast Corporate Center

1989

119,813

6

98.4

1,918

1,918

$1.95 FS

73

3090 Bristol St - South Coast Corporate Center

1989

121,688

6

61.4

51,643

17,815

$1.95 FS

74

555 Anton Blvd MetroCenter at South Coast

1989/1996

238,504

12

79.7

54,309

33,193

$2.10 FS

75

535 Anton Blvd MetroCenter at South Coast

1986

252,776

12

96.3

9,427

6,222

$2.10 FS

76

575 Anton Blvd MetroCenter at South Coast

1985

253,737

12

72.4

75,081

40,970

$2.10 FS

77

3200 Park Center Dr - Pacific Arts II

1981/2004

296,435

15

55.0

193,158

188,496

$2.20 $2.35 FS

78

611 Anton Blvd - Pacific Arts I

1981/2004

299,266

15

98.7

20,517

12,351

$2.45 FS

79

3200 Bristol St - Pacific Arts IV

1979

120,384

8

100.0

--

--

$2.25 $2.35 FS

80

600 Anton Blvd - Plaza Tower

1991/2004

456,384

21

66.5

163,743

83,910

$2.85 $3.00 FS

81

695 Town Center Dr - Park Tower

1979/2000

335,504

17

79.3

113,609

19,048

$2.85 $3.00 FS

82

650 Town Center Dr - Center Tower

1985

462,191

21

74.4

173,306

101,560

$2.85 $3.00 FS

83

6 Hutton Centre Dr - Griffin Towers 6 - Hutton Centre

1989

269,725

14

89.0

44,068

9,916

$2.25 FS

84

5 Hutton Centre Dr - Griffin Towers 5 - Hutton Centre

1987

280,215

14

82.9

61,300

21,536

$2.25 FS

85

200 E Sandpointe Ave Paychex Bldg

1983

150,952

8

65.5

55,758

18,177

$1.85 FS

86

201 E Sandpointe Ave

1982

150,413

8

77.2

55,592

36,184

$1.85 FS

87

4 Hutton Centre Dr Lakeside Tower

1988/2002

216,864

10

59.3

99,584

22,353

$1.85 $1.95 FS

88

3 Hutton Centre Dr - Hutton Centre

1985

194,282

10

85.3

45,607

12,225

$2.00 FS

89

3 MacArthur Pl - MacArthur Place

1992

246,913

11

90.6

23,272

13,914

$2.15 FS

STREAM REALTY PARTNERS

SQ UARE FEET

TO TAL F L OORS

20

O C C UPAN C Y

AVAIL ABL E SPAC E

L A R GE S T C O N T I GU O U S S PA CE

QUOTED R AT E


D E

PA R K ING R AT IO

S

M AJO R T EN AN T S

OWNER

M ARK E T IN TE L L IG E N C E

4.00:1000

California Bank & Trust; Thompson National Properties; Allen Matkins; MVE & Partners

Terrace Tower Group USA

Purchased from Koll in 2000 for $277 psf.

S

3.80:1000

ICN Entertainment; Anthem Blue Cross; United Polychem

TA Associates Realty

Purchased in portfolio from MetLife in 2004 for $149 psf.

S

3.80:1000

Blue Cross of California; PBS SoCal

TA Associates Realty

Purchased in portfolio from MetLife in 2004 for $149 psf.

S

3.80:1000

University of Phoenix; Chubb & Son

TA Associates Realty

Purchased in portfolio from MetLife in 2004 for $149 psf.

S

4.00:1000

Woodruff, Spradlin, & Smart; Tickets.com; Holthouse Carlin & Van Trigt; MegaPath Inc.

Deutsche Asset Wealth Management

Purchased in portfolio from Stockbridge/MCC LLC in 2005 for $314 psf.

S

4.00:1000

Experian; Cooksey, Toolen, Gage, Duffy, & Woog; Theodora, Oringher, Miller, & Richman; RREEF

Deutsche Asset Wealth Management

Purchased in portfolio from Stockbridge/MCC LLC in 2005 for $314 psf.

S

4.00:1000

Pacific Communications;Regus; Clark Construction

Deutsche Asset Wealth Management

Purchased in portfolio from Stockbridge/MCC LLC in 2005 for $314 psf.

S

4.00:1000

Hyundai; Wells Fargo; Amica Insurance

The Irvine Company

Purchased in portfolio from MPG Office Trust, Inc. in 2010 for $241 psf. Hyundai leased 150,000 sf while they redo their corporate campus in Huntington Beach, 2 year deal expires in 2013.

S

4.00:1000

Insight Investments; Rutan & Tucker; Comerica

The Irvine Company

Purchased in portfolio from MPG Office Trust, Inc. in 2010 for $241 psf.

S

3.98:1000

BDO Seidman; American Union Financial

The Irvine Company

Purchased in portfolio from MPG Office Trust, Inc. in 2010 for $241 psf.

S

4.00:1000

IBM; Snell & Wilmer; Bingham McCutcher; Dorsey & Witney; Commerce Energy Group; American Financial Services

C.J. Segerstrom & Sons, L.L.C.

Gold LEED Certification. Tallest buildings in Orange County. KPMG moved to Irvine Spectrum.

S

4.00:1000

Deloitte; Paul Hastings; Ogletree Deakins; Manatt, Phelps & Phillips, LLP; Bohm Matsen Kegel & Aguilera, LLP

C.J. Segerstrom & Sons, L.L.C.

Gold LEED Certification

S

4.00:1000

Latham & Watkins; Law Offices of W. Douglas Easton; Sheppard, Mullin, Richter & Hampton; Aguilera Law Group

C.J. Segerstrom & Sons, L.L.C.

Gold LEED Certification

S

4.00:1000

CH2M Hill; Corinthian College

Lincoln Property Company

Purchased from MPG Office Trust, Inc. in 2010 for $162 psf.

4.00:1000

Verizon; Corinthian College; Ultimate Software Group

Lincoln Property Company

Purchased from MPG Office Trust, Inc. in 2010 for $162 psf.

3.50:1000

Lenox Financial; Hart, King & Coldren; HNTB Companies

TA Associates Realty

Purchased from BPG Properties, Ltd. In 2007 for $263 psf.

4.00:1000

Universal Electronics; Questex Media Group

TA Associates Realty

Purchased from TIAA-CREF in 2007 for $246 psf.

3.70:1000

Sharp Electronics; Hart, King & Coldren

Liu Living Trust

Purchased from Legacy Partners in 2011 for $176 psf. Stearns Lending will be relocating to Xerox Centre.

3.70:1000

Callahan & Blaine; Psomas Engineering; IMARC; CompWest Insurance

TIAA-CREF

Purchased from SP 3 Hutton (LLC) in 2003 for $206 psf.

3.00:1000

T-Mobile; The Planning Center; Edison Mission Group; Clearvision Funding

TA Associates Realty

Highridge purchased from Tishman Speyer in 2009 for $126 psf. TA Associates purchased from Highridge in 2011 for $218 psf.

21

AIRPORT SUBMARKET I FIRST QUARTER 2014


OTHER LAND

N AM E AN D A D D R E S S

NUMBER OF R OOM S

PRI C I N G

I N T ERES T I N G FA C T S

A

Hyatt Regency Irvine 17900 Jamboree Rd

536

$129 - $229

Only Irvine hotel to receive AAA Four-Diamond award. Complimentary shuttle to nearby attractions. Located in Jamboree Center.

B

Irvine Marriott Hotel 18000 Von Karman Ave

477

$219 - $239

Close to John Wayne Airport. Located next to Irvine Center Towers. Roo renovated in 2008. Smoke free hotel.

C

Crowne Plaza Hotel 17941 Von Karman Ave

335

$115 - $145

Close to John Wayne Airport. Located next to Main Plaza and Irvine Concourse. Smoke free hotel.

D

Embassy Suites Irvine 2120 Main St

293

$179 - $375

All suites hotel. Close to John Wayne Airport. Renovated in 2008. Loca next to Main Plaza and Irvine Concourse.

E

Hilton Irvine Orange County 18800 MacArthur Blvd

292

$169 - $179

Located one block from John Wayne Airport. Lobby upgraded in 2008. Upgrading pool April 2009.

F

Fairmont Newport Beach Hotel 4500 MacArthur Blvd

440

$209 - $314

Close to John Wayne Airport. Located in Koll Center Business Park. Fre parking for hybrid vehicles.

G

Newport Beach Marriott Bayview 500 Bayview Circle

254

$209 - $249

Overlooks Newport's Upper Back Bay. All rooms are one bedroom suite with a step out balcony. Smoke free hotel.

H

Costa Mesa Marriott 500 Anton Blvd

253

$199 - $219

Close to South Coast Plaza Shopping Mall. All suites hotel. Smoke free hotel.

I

Doubletree Club Orange County 7 Hutton Centre Dr

167

$119 - $209

Located in Hutton Centre. Close to John Wayne Airport.

J

Doubletree Hotel Santa Ana 201 East MacArthur Blvd

253

$119 - $239

Easy access to the 405, 55, and 5 Freeways. French provincial theme. Close to Hutton Centre and MacArthur Place.

K

John Wayne Airport 18601 Airport Way

--

--

--

O WN ER

P L A N N E D PRO J EC T N A M E

M A RK ET I N T ELLI G EN C E

L

Hines

Hines Land Site

Not on Market. Proposed site for 785,000 sf of office and 15,500 sf of

M

GE Real Estate

Lake Shore Towers IV

Not on Market. Proposed site for 7 story, 140,000 square foot Class A

N

LBA Realty

Main Corporate Center

Not on Market. Proposed site for 5 story, 130,000 square foot Class A

STREAM REALTY PARTNERS

22


C O NAT C T N UMB E R

(949) 975-1234

oms

(949) 553-0100 (949) 863-1999

ated

(949) 553-8332 (949) 833-9999

ee

es

e

(949) 250-2001 (949) 854-4500 (714) 957-1100 (714) 751-2400 (714) 825-3333 (949) 252-5200

retail & restaurant space. office building. office building.

w w w. s t r e a m r e a l t y. c o m

QUESTIONS?

P L E A S E C O N TA C T S T R E A M R E A LT Y PA R T N E R S AT 9 4 9 . 2 0 3 . 3 0 3 0 . 23

AIRPORT SUBMARKET I FIRST QUARTER 2014


F I RST QUARTE R 2 0 1 4 KEYc s DIRECT SUBLEASE

FLOOR

22 21 20 19

20,624

18 17 16

22,785 22,802

20,025

19,048

15

19,407

14

19,941

13

19,941

12 11 10

20,025

19,941

9

19,941

8

22,466

7

22,466

19,941

6 5

19,048 22,466

19,941

4 3

19,941

2

19,559

1

18,809

600 Anton RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

FLOOR

456,384 66.5% 83,910 $2.85 - $3.00 FS Segerstrom Cushman & Wakefield

3 Park Plaza

2600 Michelson

339,574 95.1% 22,785 $2.90 FS The Irvine Co The Irvine Co

307,662 82.3% 40,051 $2.25 FS Dune, Ocean West Edge Core

695 Towne Center Dr 335,504 79.3% 19,048 $2.85 - $3.00 FS Segerstrom Cushman & Wakefield

3200 Park Center Dr 296,435 55.0% 188,496 $2.20 - $2.35 FS The Irvine Co The Irvine Co

22 21 20 19 18 17 16 15 14

22,845

13 12

20,471

24,024

20,499

11 10

22,126

21,536

22,126

9 8 7 6 5 4

21,929

3

21,929

2 1

2030 Main RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

346,684 89.3% 22,845 $2.35 FS Praedium Orion

575 Anton Blvd

2050 Main St

253,737 72.4% 40,970 $2.10 FS RREEF Transwestern

314,027 82.0% 24,024 $2.55 - $2.85 FS AEW Capital Mgmt CBRE

24

650 Towne Center Dr 462,191 74,4% 101,560 $2.85 - $3.00 FS Segerstrom Cushman & Wakefield

5 Hutton Centre 280,215 82.9% 21,536 $2.25 FS Angelo Gordon CBRE


A i r p o r t S u b M a r k e t - Fu l l F l o o r Va c a n c y KEYc s DIRECT SUBLEASE

FLOOR

22 21 20 19 18 17 16 15 14 13 12 11 10

18,649

9

18,649

24,139

23,056

8

17,668

24,139

23,106

7

18,649

24,139

6

18,649

24,139

5

17,668

24,139

4

17,668

24,139

3

17,668

24,139

2

17,668

23,136

1

17,668

22,391

4000 MacArthur W

2 MacArthur Place

RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

FLOOR

180,552 0% 180,552 $2.15 FS Emmes Group Jones Lang LaSalle

25,137

21,038 21,038

1 MacArthur Place 203,962 68.3% 57,515 $1.95 FS GLL Real Estate Partners, Inc Cushman/Orion

216,761 0% 215,500 Withheld GLL Real Estate Partners, Inc Cushman/Orion

2010 Main St

18201 Von Karman Ave

280,870 70.9% 25,137 $2.00 FS Shorenstein Properties Orion

226,106 74.9% 40,076 $2.20 FS American Realty Advisors CBRE

22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7

18,092

6

18,092

5

20,973

22,909

17,747

18,336

22,881 17,647

4 3 2 1

201 E Sandpointe RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

150,413 77.2% 36,184 $1.85 FS TA Assoc Realty Orion

18301 Von Karman Ave

2040 Main St

226,352 87.0% 20,973 $2.25 FS Westbrook, Greenlaw, Walton CBRE

307,559 85.5% 81,402 $2.35 FS Knobbe Martens Olsen & Bear Stream Realty Partners

25

4400 MacArthur 152,340 100% 18,336 $1.85 FS TA Assoc Realty Orion

200 E Sandpointe 150,952 65.6% 18,177 $1.85 FS TA Assoc Realty Orion

Stream Realty Partners


F I RST QUARTE R 2 0 1 4 KEYc s DIRECT SUBLEASE

FLOOR

22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6

14,041

5

30,995

4

30,995

33,866

3

30,995

34,459

2

30,995

32,314

1

30,995

18881 Von Karman RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

FLOOR

234,694 74.5% 14,041 $2.10 FS Muller Co., Rockwood CBRE

23,832

19,959

28,299

17877 Von Karman

3333 Michelson

154,975 0% 154,975 $2.25 FS Menlo Equities LLC Cushman & Wakefield

250,744 85.6% 23,832 $2.30 FS LBA Realty Orion

555 Anton 238,504 79.7% 33,193 $2.10 FS RREEF Jones Lang LaSalle

17875 Von Karman 128,938 0% 367,585 $2.25 FS Menlo Equities LLC Cushman & Wakefield

22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4

22,193

2

21,727 67,785

21,727

3 22,353

21,727

4 Hutton Centre

17911 Von Karman

20,712 56,211 55,899

1

RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

215,290 59.3% 22,353 $1.85 - $2.15 FS Liu Living Trust CBRE

3501 Jamboree 322,000 62.4% 67,785 $2.15 FS S.K. Hart Properties CBRE

104,375 58.4% 65,181 N/A Arden Realty Voit

26

19900 MacArthur Blvd 275,703 85.4% 33,919 $2.35 FS The Irvine Co The Irvine Co

3351 Michelson 221,486 36.8% 139,938 $2.00 FS LBA Realty Orion


A i r p o r t S u b M a r k e t - Fu l l F l o o r Va c a n c y KEYc s DIRECT SUBLEASE

FLOOR

22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2

38,898

23,179

21,179

19540 Jamboree

3121 Michelson

3070 Bristol

1

RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

54,166

151,392 100% 38,898 Withheld Scholle Corp Cushman & Wakefield

128,754 92.2% 21,179 $1.95 FS TA Assoc Realty Cushman & Wakefield, Orion

150,480 78.8% 23,179 $2.50 FS LBA Realty Orion

27

3349 Michelson 232,000 64.4% 82,654 $2.00 FS LBA Realty Cushman & Wakefield, Orion

Stream Realty Partners


F I RST QUARTE R 2 0 1 4

16.1% AVA I LA BILITY

3,364,753 AVAILABLE SQ FT

(45,359) NET ABSORPTION

29.4% OFF PEAK RENT

INV EST M E N T SA L E S ( SOL D ) : 8 8 4 5 I RV I N E C E N T E R D R

Statistics Class A Class B

IN V EN TORY

(50 properties) (293 properties)

Total – Competitive Investor Owned Properties Total – Owner User Properties (32 properties) Overall Investment Grade Inventory (375 properties)

AVAIL AB L E SQUARE FE E T

1Q 2014 AVAIL AB IL ITY

HISTO RICAL AVAIL AB IL ITY T REND S 4Q13

3Q13

2Q13

1Q13

5,908,042 12,798,727

874,676 2,430,727

14.8% 19.0%

14.5% 19.2%

15.3% 20.8%

12.5% 22.3%

13.1% 21.5%

18,706,769 2,224,508 20,931,277

3,305,403 59,350 3,364,753

17.7% 2.7% 16.1%

17.7% 0.5% 15.9%

19.1% 0.5% 17.1%

19.2% 0.2% 17.2%

18.9% 0.2% 16.9%

Leas i ng Act iv i ty

Deals i n the Marke t

TENANT

BUILDING

Interval

25510 Commercentre Dr

SQ UA R E F E E T 34,267

TENANT Asics Sports

180,000

--

First Direct Lending

15261 Laguna Canyon Rd

22,296

Lennar

130,000

2Q 2015

Regus

30211 Avenida De Las Banderas

20,508

DaVita

75,000

4Q 2014

The New Home Co.

85 Enterprise

15,803

Regus

20,000

2Q 2014

JVT Research & Dev. Corp.

7545 Irvine Center Dr

14,735

Premier Business Centers

20,000

1Q 2015

Mavenlink, Inc.

6501 Irvine Center Dr

11,551

Kaiser Permanente

11,500

3Q 2014

South Pacific Financial Corp.

2 Ada St

10,044

Parallax Capital Partners

10,000

3Q 2014

Bid Coach

10,000

Immediate

28

S QUARE F E E T

EXPI RATI O N


South County I nve stme n t Sale s SELLER

ADDRESS

Walbern Devel. Bernie Walsh Walbern Devel. Bernie Walsh Image Holdings, Inc.

(Bu ild ings So ld )

S QUARE F E E T

C L AS S

PS F

BUYER

26076-26106 Getty Dr

93,069

C

$259

Alliance Residential Company

27742 Forbes Rd

37,500

B

Withheld

Phoebe J. Perryman

8845 Irvine Center Dr

36,146

B

$246

Ronald E Altman

C L AS S

PS F

% LEASED 61%

Inve s t men t Sale s

(Bu ild ings o n the Market)

SELLER

ADDRESS

S QUARE F E E T

The Praedium Group

25201, 25231, & 25241 Paseo De Alicia

87,489

B

$125

Garden Plaza Partners LLC

27001 La Paz Rd (Building A - H1)

67,352

B

Withheld

SC Metro LLC

1211 Puerta Del Sol

43,737

B

$234

100%

Shea Properties

26970 Aliso Viejo Pky

38,716

B

$205

100%

Nassib Gannam

23351-23361 Madero

37,579

B

$182

97%

25361 Commercentre LLC

25361 Commercentre Dr

36,573

B

$199

100%

90%

B i g B lo ck Avai lab i li ti e s ( 75,000 s f+) OWNER

BUILDING

S QUA RE FEET

GSA Office of Portfolio Mgmt 24000 Avila Rd

145,000

The Irvine Company

15505 Sand Canyon Ave - Blg. E

134,787

Yah Investments LLC

30700 Rancho Viejo Rd

124,352

I NVE STME NT SAL ES ( O N M A R KET ) : 1211 P U ERTA D E L SOL

“Leasing activity in South County has largely flat lined. It saw positive absorption of 80,000 RSF in Class A projects, while class B projects saw negative absorption of 38,000 RSF. Thus, Landlords with better buildings and vacancies are leasing the best and at better rates.”

29

Stream Realty Partners


SOUTH

D

19

8 22

Y NEY JO URNE JOUR

24

33

28

15

9

31

4

25 16

32

A ALLIISSO OV VIIE EJJO OP PA AR RK KW WA AY Y 13 30

23

C 18

73

29 14


H COUNTY - ALISO VIEJO F I R S T

Q U A R T E R

2 0 1 4

26

5

21

17

A

1 11

73 35 7 2

20

B

10 6

34 39

38

37 36

12

3

27

A ALLIISSO OC CRREEE EK K RRO OA AD D


EXISTING BUILDINGS

B U I L D I N G NAM E

CO M PLETIO N DATE

SQUARE FEET

T O TA L FLOORS

O C C U PA N C Y

AVA I L A B L E S PA C E

L A RGEST C O N T I G UOUS SPACE

QUOTED RATE

PA

1

15 Enterprise - Phase 4&7

2001

147,401

5

80.9

28,231

18,134

Withheld

4.0

2

75 Enterprise TechSpace Bldg D

2000

86,093

3

77.7

20,665

19,165

$2.25 FS

4.0

3

1 Polaris Way - Building A

1999

76,414

4

100.0

50,438

50,438

2.55

4.0

4

27081 Aliso Creek Rd Bldg 3

1999

40,060

2

70.4

11,878

14,428

Withheld

3.7

5

120 Vantis - Safeco Bldg

2003

177,352

5

100.0

24,266

13,411

Withheld

4.0

6

95 Enterprise - Bldg B

1998

88,930

3

66.8

29,522

20,711

$2.25 FS

4.0

7

65 Enterprise TechSpace Bldg

2000

114,581

4

98.2

1,944

1,944

$2.55 FS

4.0

8

26970 Aliso Viejo Pky

2000

38,716

2

100.0

19,230

19,230

$1.25 NNN

4.0

9

26880 Aliso Viejo Pky

2000

53,115

2

100.0

7,040

7,040

Withheld

4.0

10

85 Enterprise - Bldg C

2000

111,078

4

91.0

10,002

10,002

$2.25 FS

4.0

11

25 Enterprise - Phase 4&7

2001

147,430

5

100.0

--

--

--

4.0

12

1 Columbia

1991

21,732

2

75.3

21,208

11,658

$1.85 FS

4.0

13

26800 Aliso Viejo Pky

2000

38,715

2

100.0

9,550

9,550

$1.89 FS

4.0

14

130 Vantis

2006

78,368

3

97.1

2,313

2,313

$2.25 FS

4.0

15

31 Journey - Seigel Liebman Bldg

1990

16,794

2

67.5

5,460

2,153

$1.75 FS

4.0

16

27061 Aliso Creek Pky Pacific Corporate Plaza

1999

35,112

2

100.0

--

--

--

4.0

17

30 Enterprise - Phase 5

2007

137,000

4

96.1

5,309

3,332

$2.75 FS

4.0

18

26671 Aliso Creek RdHoag Hospital Med. Ctr

1998

29,529

3

100.0

--

--

--

9.8

19

6 Liberty - Bldg B

1989 / 2007

45,234

2

90.5

6,315

2,223

$1.85 $2.25 FS

4.1

20

101 Enterprise - Bldg A

1998

80,352

3

65.6

27,668

52,741

$2.25 FS

4.0

21

20 Enterprise Dr Phase 5

2008

118,000

4

100.0

29,790

29,790

Withheld

4.0

22

12 Journey - Bldg 5

2000

21,232

2

87.3

2,691

2,691

$1.75 FS

4.0

23

27071 Aliso Creek Rd Bldg 2

1999

49,538

2

100.0

0

0

--

3.7

STREAM REALTY PARTNERS

32


ARKI NG RATI O

MAJOR TENANTS

O WNER

M ARK E T I N T E L L I G E N C E

00:1000

Blue Yield, AmeriFirst Financial, Inc.

Menlo Equities

Purchased from Allianz Life Insurance Company in 2011 for $195.03 psf.

00:1000

Pacific World Corporation, Stetina Brunda Garred & Brucker, Tech Space

Deutsche Asset & Wealth Management

Purchased from OTR, GP in 2004 for $255.03 psf.

00:1000

MERIT Property Management, Quest Software, Inc.

BPM Investments, LLC

Purchased from Fluor Corporation in 2005 for $183.73 psf.

74:1000

Digital River Global Tech, Inc.

Menlo Equities

Purchased from Arden Realty, Inc.

00:1000

Golden Eagle Insurance / Safeco Insurance, Encore Executive Suites

Shea Properties

Developed by Shea Properties.

00:1000

NC Soft Corporation, Palumbo Bergstrom

Deutsche Asset & Wealth Management

Purchased from AEW/Parker in 1999 for $183.13 psf.

00:1000

BeyondTrust Software, Tech Space, Gaikai, Inc., CT Realty Corporation

Deutsche Asset & Wealth Management

Purchased from OTR, GP in 2004 for $255.03 psf.

00:1000

Aquasis

Shea Properties

Developed by Shea Properties.

00:1000

Bristol Myers Squibb Company

Aliso Viejo Town Center Corp.

Developed by Shea Properties.

00:1000

Rakuten.com, Microsoft

Deutsche Asset & Wealth Management

Purchased from OTR, GP in 2004 for $255.03 psf.

00:1000

Lennar, Metagenics, Carrington Mortgage

Summit Office Ptrs Holding Co

Purchased from Allianz Life Insurance Company in 2011 for $195.03 psf.

00:1000

VMBC

H&M Properties (LLC)

Purchased from Triton 88 LLC in 2001 for $198.79 psf. For sale at $229.85 psf.

00:1000

Loan Link

Loan Link

Purchased from Aliso Viejo Town Center in 2003 for $180.81 psf.

00:1000

Insurance Office of America, Inc., Shea Properties

Shea Properties

Developed by Shea Properties.

00:1000

Applied Utility Systems, Inc.

Siegel Liebmn

--

00:1000

Gallagher Bassett Services, Inc.

Menlo Equities

Purchased from Arden Realty, Inc.

00:1000

Tinnelly Law Group, Marvell Semiconductors

Parker/RREEF

--

85:1000

Hoag Women's Pavilion, Aliso Viejo Medicine & Urgent Care

Hoag Health Center - Aliso Viejo

Purchased from G&L Realty Corporation in 2000 for $281.08 psf.

15:1000

Saddleback Pediatric Therapy Services

Individually Owned Condos

Available condos range from $205.22 to $276.86 psf.

00:1000

Vertos Medical, Inc.

Deutsche Asset & Wealth Management

Purchased from AEW/Parker in 1999 for $183.13 psf.

00:1000

UST Global, Johnny Rockets, Telogis

Parker/RREEF

--

00:1000

City of Aliso Viejo

City of Aliso Viejo

Purchased from Kevin R. Orton in 2006 for $384.09 psf.

74:1000

LAN International

Menlo Equities

Purchased from Arden Realty, Inc.

33

SOUTH COUNTY - ALISO VIEJO I FIRST QUARTER 2014


OTHER

EXISTING BUILDINGS

B UILDIN G NAME

C O MP LE TI O N DATE

S Q U A RE FEET

T OTA L FLOORS

OCC U PA NCY

AVA ILA BLE S PA CE

L ARG EST C ONTIG UOUS SPACE

QUOTED RATE

24

5 Journey - South Coast Health Center

1999

23,600

2

100.0

0

0

--

25

27141 Aliso Creek Rd - Bldg 1

1991

57,971

2

80.9

11,070

7,944

$1.50 FS

26

1 Enterprise Dr

1999

109,948

4

100.0

--

--

--

27

135 Columbia

2000

24,551

2

100.0

--

--

--

28

32 Journey

2000

18,000

2

100.0

--

--

--

29

26600 Aliso Viejo Pky

1999

53,710

2

100.0

--

--

--

30

26650 Aliso Viejo Pky

1999

64,664

2

100.0

--

--

--

31

26700 Aliso Viejo Pky

1999

46,626

2

100.0

--

--

--

32

26840 Aliso Viejo Pky

2000

33,915

2

100.0

--

--

--

33

26940 Aliso Viejo Pky

2000

33,915

2

50.4

16,825

16,825

$1.25 NNN

34

31 Columbia

1988 / 2000

78,365

2

100.0

--

--

--

35

45 Enterprise - Pacific Life

2008

246,600

9

100.0

--

--

--

36

2 Polaris Way

1999

90,383

4

100.0

--

--

--

37

3 Polaris Way

1999

107,539

4

100.0

--

--

--

38

4 Polaris Way

1999

90,611

4

100.0

--

--

--

39

5 Polaris Way

1999

76,291

3

100.0

--

--

--

N AME

ADDR ES S

CONTACT NUMBER

A

Renaissance Sports Club & Hotel

50 Enterprise, Aliso Viejo, CA 92656

(949) 643-6700

B

UPS Distribution Center

22 Brookline Dr, Aliso Viejo, CA 92656

(800) 742-5877

C

Aliso Viejo Town Center

Aliso Creek Road & Pacific Park Dr, Aliso Viejo, CA 92656

--

D

Soka University

1 University Dr, Aliso Viejo, CA 92656

(949) 480-4000

STREAM REALTY PARTNERS

34


PAR K I NG R AT IO

M AJOR T EN A N T S

OWNER

MA RKET INT ELLIGENCE

3.81:1000

Aliso Creek Physical Therapy, Sea View Pediatric Med. Assoc., South Coast Med. Grp

5 Journey LLC

Purchased from G&L Realty Corporation in 2003 for $309.32 psf.

4.00:1000

24 Hour Fitness, Pac Data

Oxford Spectrum Wilson

Purchased from California Rosen LLC in 2003 for $170.91 psf.

4.00:1000

Microsemi Corporation

AEW Capital Management, LP

Purchased from Deutsche Asset & Wealth Management for $352.44 in 2013.

4.00:1000

Armstrong Performance & Treatment Center, Progressive Orthodontics, Healthways

2080 Channing, LLC

Purchased from Cornerstone Development Partners, Inc in 2007 for $307.52 psf.

4.00:1000

We Power, Measurement Specialties

Yesaya Varon Varon

Purchased in 2003.

4.00:1000

QLogic Corporation

QLogic Corp.

Owner occupied facility.

4.00:1000

QLogic Corporation

QLogic Corp.

Owner occupied facility.

4.00:1000

QLogic Corporation

QLogic Corp.

Owner occupied facility.

4.00:1000

QLogic Corporation

QLogic Corp.

Purchased from Shea Properties in 2013 for $191.66 psf.

4.00:1000

Crown Bolt, Inc.

Shea Properties

Developed by Shea Properties. For sale at $199 psf.

5.4:1000

Clarient

Columbia Viejo LLC

Purchased from LBA Realty in 2004 for $93.15 psf.

4.5:1000

Pacific Life Insurance Company

Pacific Life Insurance Company

Purchased from Prudential Real Estate Investors in 2007 for $62.19 psf.

4.00:1000

Fluor Corporation

Wilmington Trust Co

Owner occupied facility.

4.00:1000

Fluor Corporation

Fluor Corporation

Owner occupied facility.

4.00:1000

Quest Software, Inc.

Quest Software, Inc.

Owner occupied facility.

3.93:1000

Quest Software, Inc.

Quest Software, Inc.

Purchased from Fluor Corporation in 2004 for $183.51 psf.

w w w. s t r e a m r e a l t y. c o m

QUESTIONS?

P L E A S E C O N TA C T S T R E A M R E A LT Y PA R T N E R S AT 9 4 9 . 2 0 3 . 3 0 3 0 . 35

SOUTH COUNTY - ALISO VIEJO I FIRST QUARTER 2014


SOUTH COU ALISO ALISO VIEJO VIEJO

47

C 46

12 10

7

35

9

A

26

17 8

18

36

19

29

5 6

A AYY W K BBA W R K A RRANCA P R A RRANCA P A

B

VV IIRR

13

33

25

16 IIN 40 NEE 24 CCE EN NTTEERR D DRRIIV 21 VEE

4


UNTY - IRVINE SPECTRUM F I R S T

Q U A R T E R

2 0 1 4

45

20

405 34

27 44

32

28

133

39

11

31 30

43 42

22 41

38 3

37

A ALLIISSO OC CRREEE EK K RRO OA AD D

GG LLAA

1

D D OAA RO NR ON NYYO AN A D CC ND AN SSA

AYY WA RRK KW A P A P N ALT ON ALTO 15 14

23

UUN NAA CCA AN NYYO ON N RRO OA AD D

5

2

1


EXISTING BUILDINGS

B U I L D I N G NAME

COMPLET ION DAT E

S QUARE FEET

1

Discovery Business Center (24 Buildings)

2007

1,287,820

2

83.1%

217,564

20,452

2

The Capital Group Companies Campus

2007

641,859

3

100.0%

--

--

3

Irvine Business Center (10 Buildings)

1998 - 1999

509,248

2

90.4%

48,930

12,712

4

Corporate Business Center (11 Buildings)

1995 -1997

492,555

2

88.5%

56,507

23,147

5

Verizon Wireless Campus

2000

470,000

3

100.0%

--

--

6

Lakeview Business Center (10 Buildings)

1989 - 1999

441,037

2

76.0%

93,014

71,054

7

Bake Technology Park (Flex) (7 Buildings)

1986 - 1988

418,660

2

81.5%

44,184

33,475

8

Alton Technology Park (14 Buildings)

1987 - 1999

413,646

1-2

76.5%

97,164

32,621

9

8105 Irvine Center Dr - 8105 Tower

1989

366,227

15

96.2%

103,276

37,206

10

40 Pacifica

2008

314,307

14

100.0%

--

--

11

Irvine Oaks Executive Park (15 Buildings)

1990

312,386

1-2

94.2%

25,064

10,300

12

20 Pacifica

2007

312,294

14

98.9%

30,104

9,431

13

8001 Irvine Center Dr - 8001 Tower

1989

311,876

15

91.2%

92,756

14,568

14

Jenner Business Park (8 Buildings)

1989

251,866

1-2

98.8%

18,946

10,845

15

Alton Corporate Center (9 Buildings)

1989

234,818

2-3

100.0%

--

--

16

7700 Irvine Center Dr - 7700 Spectrum

1989 / 2007

209,393

9

92.7%

56,060

24,584

17

One Technology Park (10 Buildings)

1990

194,484

2

81.8%

35,332

23,352

18

1 Glen Bell Way - Taco Bell World Headquarters

2001 / 2009

181,482

5

100.0%

--

--

19

14300 Alton Pky - Parker Hannifan Corp. Building

1984

132,999

3

100.0%

--

--

20

23 Pasteur - Westcorp Plaza I

1991

120,000

4

100.0%

--

--

21

7755 Irvine Center Dr - Mazda

1985

118,000

5

100.0%

--

--

22

114 Pacifica Ct - Pacifica Court

1999

107,199

4

89.4%

13,570

5,805

23

15750 Alton Pky

1999

101,000

3

100.0%

--

--

24

2 Venture Plz - Two Venture Plaza

1990

98,607

5

78.5%

21,224

8,307

25

3 Glen Bell Way - Ford Motor Co.

2001 / 2009

89,578

2

100.0%

--

--

26

15615 Alton Pky - Palm Court - East Bldg

1989

85,600

4

100.0%

30,628

16,912

27

15635 Alton Pky - Palm Court - West Bldg

1989

85,600

4

100.0%

--

--

28

100 Pacifica - Dolphin Plaza

1990

79,000

4

76.3%

21,187

6,627

29

33 Technology Dr - Bldg 2

1986

76,223

2

100.0%

--

--

30

1 Banting

1990 / 2005

69,948

2

100.0%

--

--

31

3 Banting

2005

68,427

2

100.0%

--

--

STREAM REALTY PARTNERS

38

T OTAL FLOORS

OCCUPANCY

AVAI LAB LE SPAC E

LAR GE S C O NTI GUO U SPAC


ST US CE

Q U O TE D RAT E

PA R K I N G R AT I O

MAJOR TENANTS

OWNER

2

$1.40 $1.65 NNN

4.00:1000

AcuFocus, Roel Construction Company, State Street Bank, Thales USA

The Irvine Company

-

--

4.00:1000

The Capital Group Companies

The Capital Group Companies, Inc.

2

$1.40 NNN

4.00:1000

Gateway, Solarflare Communications, Mortgage Outreach, Accurate Background

The Irvine Company

7

$1.15 $1.20 NNN

3.50 5.00:1000

Nationstar Mortgage, Orange County One-Stop Center, EMC Corporation, Spectrum Pharmaceuticals

The Irvine Company

-

--

4.70:1000

Verizon Wireless

The Irvine Company

4

$1.00 $1.10 NNN

3.50 4.00:1000

Sensormatic Retail Solutions, Vision Solutions, Standard Pacific Corp

The Irvine Company

5

$0.90 $0.95 NNN

3.00 3.60:1000

Emcor Services, Biolase Technology Inc., Covidian

The Irvine Company

1

$0.90 $1.25 NNN

3.00 4.00:1000

BAE Systems, Phillips Healthcare, DEC Architectural Composites

The Irvine Company

6

$2.90 $3.20 FS

4.00:1000

Smile Brands Inc., Taylor Woodrow Homes, Merrill Lynch

The Irvine Company

-

--

4.00:1000

CoreLogic, Amazon, Brown & Streza LLP

The Irvine Company

0

$1.25 NNN

4.00:1000

Blizzard Entertainment, Renal Advantage, Intervention Center for Early Childhood

Olen Commercial Realty Corporation

1

$2.90 $3.10 FS

4.00:1000

KPMG, Nissan, UBS

The Irvine Company

8

$2.95 $3.25 FS

4.00:1000

WATG, Regus, Haskell & White LLP

The Irvine Company

5

$1.10 $1.15 NNN

3.50 4.00:1000

Motorcycle Safety Foundation, NeoGenomics Laboratories, Performance Lighting Company

The Irvine Company

-

--

3.70 4.00:1000

Blizzard Entertainment

The Irvine Company

4

$2.50 $2.65 FS

4.00:1000

Chrysler, Yard House USA, Premier Business Centers

Great Far East Inc

2

$1.85 FS

3.00 4.10:1000

P.E.P Technology, Laport, Auction.com

The Irvine Company

-

--

4.00:1000

Taco Bell

Transpacific Development Company

-

--

--

Parker Hannifan Corporation

Parker Hannifin Corporation

-

--

4.00:1000

--

Wachovia Corporation

-

--

3.39:1000

Mazda

Menlo Equities

5

$2.45 $2.55 FS

4.00:1000

Lyoness America, Everest Escrow, R.R. Donnelley & Sons Company

BlackRock, Inc.

-

--

4.00:1000

Wachovia Bank

Wachovia Bank

7

$2.15 FS

4.00:1000

FEDChex, McDermott & Bull, Sports 1 Marketing

Olen Commercial Realty Corporation

-

--

4.00:1000

Ford Motor Co.

Transpacific Development Company

2

$2.30 FS

4.00:1000

Black & Veatch, CW Driver

The Irvine Company

-

--

4.00:1000

Gates, O'Doherty, Gonter & Guy, L.L.P., SMART Modular Technologies

The Irvine Company

7

$2.10 FS

4.00:1000

Inovx Solutions, Carousel Industries, Automotive Resources International

Dolphin Partners

-

--

1.57:1000

Advanced Sterilization Products

Dolphin Partners

-

$1.25 NNN

5.00:1000

Cal State Fullerton

Cal State Fullerton

-

--

4.00:1000

Cal State Fullerton

Cal State Fullerton

SOUTH COUNTY - IRVINE SPECTRUM I FIRST QUARTER 2014 39


EXISTING BUILDINGS RESIDENTIAL OTHER

B U ILDIN G NA ME

COMPLETION D AT E

SQUARE FE E T

T O TA L FL O O R S

O C C U PA N C Y

AVAI L AB L E S PAC E

32

111 Pacifica - Pacifica Building

1989

67,496

3

77.2%

24,958

5,299

33

21 Technology Dr

1989

65,034

2

100.0%

--

--

34

16485 Laguna Canyon Rd

1991 / 1999

63,000

3

98.9%

2,852

2,076

35

14725 Alton Pky

1987 / 1998

58,901

2

100.0%

--

--

36

31 Technology Dr - Bldg 1

1986

58,221

2

100.0%

--

--

37

217 Technology Dr- Freeway Technology Park Ph 1

1989

54,313

2

100.0%

--

--

38

15600 Sand Canyon Ave

1992

52,000

2

100.0%

--

--

39

6 Venture - Building 2

1989

48,800

3

94.6%

5,631

3,001

40

4 Venture - Building 1

1989

48,693

3

91.1%

5,453

1,831

41

125 Pacifica

1990

45,753

2

100.0%

--

--

42

1 Venture - One Venture Plaza

1989

43,487

3

81.3%

9,405

8,144

43

108 Pacifica

1990

33,563

3

100.0%

7,297

7,279

44

101 Pacifica

1990

33,315

3

95.0%

10,208

3,712

NAME

C O MP L E T I O N D AT E

45

Quail Hill

--

46

Village of Laguna Altura

2011

47

Los Olivos Apartment Village

2014

NAME

A D D RE SS

C O N TA C T N UM B E R

A

Irvine Spectrum Center

71 Fortune Dr, Irvine, CA 92618

(949) 753-5180

B

The Great Park

Marine Way, Irvine, CA 92618

(949) 724-6247

C

Verizon Wireless Amphitheater

8808 Irvine Center Dr, Irvine, CA 92618

(949) 855-8095

STREAM REALTY PARTNERS

40

L AR G E S T C O N T I G UO US S PAC E


T S E

QUOTED R AT E

PA R K IN G R AT IO

MA JO R T E NA NT S

OWNER

Withheld

4.00:1000

Lee & Associates, Law Offices of Robert Scott

Kilroy Realty Corporation

--

3.70:1000

Bio-Rad Laboratories

The Irvine Company

$1.90 FS

4.00:1000

International Education Corporation, Turner, Reynolds, Greco & O'Hara, Watermark Capital

Laguna Canyon Plaza LLC

--

4.00:1000

RBF Engineering

Greenlaw Partners

--

3.40:1000

--

The Irvine Company

--

3.50:1000

Kelly Blue Book Co.

The Irvine Company

--

1.63:1000

Irvine Ranch Water District

Irvine Ranch Water District

$2.05 FS

4.00:1000

Continental Realty Advisors, Vector Security, Venture Psychological

GR8 Nonno Corporation

$2.05 FS

4.00:1000

Stout, Uxa, Buyan & Mullins, LLP, Sidepath

Barranca Courtship

--

4.00:1000

Transportation Corridor Agencies

Transportation Corridor Agencies

$2.15 FS

4.00:1000

RealtyTrac Inc., PCR Services Corporation

Olen Commercial Realty Corporation

$1.80 FS

4.30:1000

First Team Real Estate, Escrow Administration

New Phase Ft LLC

$2.25 $2.30 FS

4.75:1000

Standard Microsystems Corp, Valentine Law Group, FDH Engineering

Mark IV Capital

w w w. s t r e a m r e a l t y. c o m

QUESTIONS?

P L E A S E C O N TA C T S T R E A M R E A LT Y PA R T N E R S AT 9 4 9 . 2 0 3 . 3 0 3 0 .

SOUTH COUNTY - IRVINE SPECTRUM I FIRST QUARTER 2014 41


F I RST QUARTE R 2 0 1 4 KEYc s DIRECT SUBLEASE

FLOOR

22 21 20 19 18 17 16 15 14 13 12 11 10 9

25,000

8 7 6 5 4

19,084

3

26,995

2

26,995

1

26,994

8105 Irvine Center Dr RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

FLOOR

366,227 99% 25,000 -The Irvine Co The Irvine Co

15505 Sand Canyon-Bldg E

23041 Avenida de la Carlota 63,418 94.0% 19,084 $1.90 FS The Colton Co The Colton Co

80,984 100% 134,787 $1.70 NNNThe Irvine Co The Irvine Co

24,584 39,468 39,042

7700 Irvine Center Dr 209,393 92.7% 24,584 $2.00 - $1.65 FS Great Far East Inc Cresa

25520 Commercentre 76,510 54.0% 74,278 $1.25 NNN Massachusetts Mutual Life Voit

22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2

36,660

1

35,527

25510 Commercentre RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

29,790

35,527

70,558 48.3% 176,942 $1.25 NNN Massachusetts Mutual Life Voit

20 Enterprise

56 Technology Dr

118,000 100% 29,790 Withheld Parker/RREEF Newmark Grubb Knight Frank

71,054 0% 71,054 $1.10 NNN The Irvine Co The Irvine Co

42

27,668

27,500

25,073

27,500

101 Enterprise

9800 Muirlands

80,352 65.6% 52,741 $2.00 - $2.25 FS Deutsche Asset & Wealth Mgmt Stream Realty Partners

56,647 100% 55,000 $1.25 NNN NHIF Holdings LLC Jones Lang LaSalle


S o u t h C o u n t y - Fu l l F l o o r Va c a n c y KEYc s DIRECT SUBLEASE

FLOOR

22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2

27,283

26,902

26,808

1

25,567

26,901

23,630

25500 Commercentre

15505 Sand Canyon-Bldg A

1 Polaris Way

RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

FLOOR

52,318 48.4% 52,850 $1.25 NNN Massachusetts Mutual Life Voit

53,803 100% 134,787 $1.70 NNN The Irvine Co The Irvine Co

73,313 100% 50,438 $2.55 FS BPM Investments LLC CBRE

21,960

21,960

15310 Barranca Pky

153 Technology Dr

43,920 100% 21,960 $1.00 NNN The Irvine Co CBRE

21,960 50.0% 21,960 $1.20 NNN The Irvine Co The Irvine Co

22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2

18,287

16,311

15,000

1

18,287

16,310

15,000

25361 Commercentre

15326 Alton Pky

9685 Research Dr

RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

36,573 100% 36,573 Withheld 25361 Commercentre LLC CBRE

32,621 0% 32,621 $1.30 NNN The Irvine Co The Irvine Co

30,000 100% 30,000 $1.95 MG Paragon Gruppe, LLC NAI Capital

43

14,154

13,315

25 Technology Dr

6 Orchard Rd

28,749 50.8% 14,154 $1.25 NNN The Irvine Co The Irvine Co

30,889 100% 27,099 $0.55 NNN Bake Orchard Partners Voit

Stream Realty Partners


F I RST QUARTE R 2 0 1 4 KEYc s DIRECT SUBLEASE

FLOOR

22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2

12,774

11,801

1

12,774

11,801

26 Technology Dr

1020 Calle Recodo

RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

FLOOR

25,548 0% 25,548 $1.30 NNN The Irvine Co The Irvine Co

10,369

34 Tesla 20,424 49.2% 10,369 $1.10 NNN Irvine Pacific LP PerSF.com

23,602 0% 23,602 $1.05 NNN Trette Family Trust Johnston Pacific Commercial

22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1

RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

21,045

19,230

16,825

25541 Commercentre

26970 Aliso Viejo Pky

26940 Aliso Viejo Pky

38,716 100% 19,230 $1.25 NNN Shea Properties Newmark Grubb Knight Frank

33,915 50.4% 16,825 $1.25 NNN Shea Properties Newmark Grubb Knight Frank

41,997 0% 41,997 $1.90 FS LaSalle Investment Mgmt Jones Lang LaSalle

44

9,877 11,459

124,352

14 Orchard Rd

30700 Rancho Viejo Rd

21,336 100% 21,336 $1.85 FS Bake Orchard Partners Zuvich Corp. Advisors, Inc

124,352 0% 124,352 $1.75 NNN Yah Investments LLC Yah Investments LLC


S o u t h C o u n t y - Fu l l F l o o r Va c a n c y

45

Stream Realty Partners


F I RST QUARTE R 2 0 1 4

19.7% AVAILABILITY

4,059,133 AVAILABLE SQ FT

(116,685) NET ABSORPTION

27.5% OFF PEAK RENT

IN V E ST M E N T SA L E ( SOL D ) : 3 3 3 C I T Y B LV D W

Statistics Class A Class B

IN V EN TORY

(42 properties) (190 properties)

Total – Competitive Investor Owned Properties Total – Owner User Properties (45 properties) Overall Investment Grade Inventory (277 properties)

AVAIL AB L E SQUARE FE E T

1Q 2014 AVAIL AB IL ITY

BUILDING

Orange County Transp. Authority

600 S Main St

Sherwin Williams

2100 W Orangewood Ave

3Q13

2Q13

1Q13

6,997,435 9,274,913

1,415,323 2,342,524

20.2% 25.3%

19.2% 26.2%

20.2% 24.0%

25.1% 25.8%

26.4% 22.9%

16,272,348 4,299,067 20,570,861

3,757,847 297,511 4,059,133

23.1% 6.9% 19.7%

23.2% 2.9% 19.0%

22.4% 2.9% 18.3%

25.5% 0% 20.2%

24.4% 0% 19.3%

Leas i ng Act iv i ty TENANT

HISTO RICAL AVAIL AB IL ITY T REND S 4Q13

Deals i n the Marke t SQ UA R E F E E T

TENANT

138,000 9,917

46

S QUARE F E E T

EXPI RATI O N

Western State University

60,000

2Q 2015

Undisclosed Automotive Co.

40,000

2Q 2014

EdgeMAC

20,000

3Q 2014

Undisclosed Insurance Co.

20,000

4Q 2014

TTG Corp.

15,000

1Q 2015

Turner Construction

10,000

1Q 2015


Central County I nve stme n t Sale s SELLER

ADDRESS

Torchlight Investors

333 City Blvd W

CW Capital Asset Management

500 N State College Blvd

CW Capital Asset Management CW Capital Asset Management

(Bu ild ings So ld )

S QUARE F E E T

C L AS S

PS F

BUYER

413,956

A

$230

Torchlight Investors

281,699

A

$248

Starwood Capital Group

2400 E Katella Ave

260,817

A

$230

CIM Group, LP

3800 W Chapman Ave

172,000

A

$145

Starwood Capital Group

Inve s t men t Sale s SELLER

ADDRESS

State Compensation Ins. Fund

1750 E 14th St

Freedom Communications, Inc.

5625 N Grand Ave

(Bu ild ings o n the Market)

S QUARE F E E T

C L AS S

PS F

% LEASED

216,156

A

$301

51%

173,000

B

$167

100%

B i g B lo ck Avai lab i li ti e s ( 75,000 s f+) OWNER

BUILDING

S QUA RE FEET

Angelo, Gordon & Co.

1801 E Saint Andrew Pl

282,000

Freedom Comm., Inc.

625 N Grand Ave

173,000

Starwood Capital Group

500 N State College Blvd

165,666

New Tower Trust Company

1600 S Douglass Rd

127,750

State Comp. Insurance Fund

1750 E 4th St

105,036

Centurion Plaza LLC

15621 - 15661 Red Hill Ave

99,772

I NVE STME NT S A L E ( S O L D ) : 2400 E K ATEL L A AV E

“Ce n t ral County is beg inning to se e a n upt i ck i n rental rate p rimarily d ue to the new owners of the submarket’s f i ne st as sets .”

47

Stream Realty Partners


CEN 28

11

19

23

B

A

R BO R HA

D AR V ULE BO 5

R TE S HA

T EE R ST

ET E R ST IS W LE 12

C

13

1 7

TH E

27

D

8

31

2

30 10

THE BLOCK DRIVE

25

E TH

9

GARDEN G ROVE BOU LEVARD

26

24

IVE R YD CIT

14


NTRAL COUNTY - NORTH Q U A R T E R

2 0 1 4

ST A TE

CO LL EG E

BO UL EV AR D

F I R S T

15

KATELLA AVENUE

29

J

5

21 4 18

I

ORANGEWOOD AVEN UE

3

57

CI TY

D RI VE

22

E

E

G F

H

22

6

16

17

20


EXISTING BUILDINGS

BUILDING NAME

CO MP LE T IO N DAT E

S QU A RE FEET

T O TA L FL O O RS

O CCU PA N CY

AVA I L A BL E S PA CE

L AR GES T CO N T I GUO US S PAC E

QUO T ED R AT E

1

333 City Blvd W - City Tower

1988

413,956

21

75.0

115,901

45,878

$2.25 FS

2

1 City Blvd W - City Plaza

1969 / 1999

362,121

18

93.7

26,561

9,843

$1.95 FS

3

500 N State College Blvd 500 Orange Tower

1987

281,699

14

41.1

178,223

165,666

$2.00 FS

4

1900 S State College Blvd - Stadium Gateway

2001

272,826

6

96.7

66,044

33,471

$2.25 FS

5

2400 E Katella Ave Stadium Towers Plaza

1988

260,817

12

84.8

64,348

22,462

$2.25 FS

6

333 S Anita Dr - TriCentre

1986

211,546

10

92.0

16,886

5,170

$1.90 FS

7

600 City Pky W

1974 / 1998

203,488

10

68.3

64,502

28,308

$1.95 FS

8

505 City Pky W

1978

205,123

10

100.0

--

--

$1.95 FS

9

770 The City Dr S - Orange City Square

1987

184,100

8

88.8

67,147

23,458

$2.15 FS

10

4000 Metropolitan Dr 4000 Metro

1985 / 2007

182,935

4

94.5

10,153

10,153

$2.00 FS

11

222 S Harbor Blvd Anaheim City Centre

1986

182,314

10

57.2

78,040

19,011

$1.79 FS

12

3800 W Chapman Ave 3800 Chapman

1984

172,000

8

85.2

25,492

20,890

$1.85 FS

13

200 S Manchester Ave 200 Building

1982

146,300

8

100.0

--

--

--

14

625 The City Dr S - City Centre I

1985

139,806

4

77.0

32,231

12,416

$1.85 FS

15

1400 S Douglass Rd Arena Corporate Center I

2003

127,750

2

100.0

17,660

200,410

$1.35 NNN

16

1500 S Douglass Rd Arena Corporate Center II

2003

127,750

2

50.0

63,875

200,410

$1.35 NNN

17

1600 S Douglass Rd Arena Corporate Center III

2003

127,750

2

100.0

127,750

200,410

$1.35 NNN

18

2099 S State College Blvd - Stadium Centre

1988

122,080

6

84.7

20,360

9,444

$1.85 FS

19

300 S Harbor Blvd - Bank of America Tower

1971 / 2003

121,825

10

81.3

23,592

10,039

$1.65 FS

20

2401 E Katella Ave Metroplex

1986

104,903

6

93.5

22,769

6,624

$1.85 FS

21

2125 E Katella Ave Stadium Crossings

1999

105,940

4

46.9

56,277

53,391

$1.90 FS

STREAM REALTY PARTNERS

50


PARKI NG R ATIO

MAJOR TENANTS

O WN E R

M A RKET I N T EL L I G EN CE

4.00:1000

Enterprise Holdings, UCI Department of Medicine

Torchlight Investors

Torchlight Investors took the deed in lieu of foreclosure from Maguire Properties in 2014 valued at $230 PSF.

4.00:1000

CashCall, Brady, Vorwerck Ryder and Caspino, MSM Medical Specialties Managers, Walsworth Franklin Bevins and McCall LLP, Classtech, Inc.

Walton Street Capital

Purchased from Hudson Pacific Properties in 2013 for $155 psf.

4.00:1000

Premier Business Centers, JAMS Resolution Experts

Starwood Capital Group

Purchased in portfolio from CW Capital Asset Management in 2014 for $248 psf.

5.00:1000

CashCall, Turner Construction Company, New Horizons Worldwide, Inc.

Kennedy Wilson

Purchased in 2Q 2012 for $210 psf from MPG Office Trust, Inc. Assumed loan at $190 psf.

4.00:1000

Regus, California United Bank, Voit

CIM Group, LP

Purchased in portfolio from CW Capital Asset Management in 2014 for $230 psf.

3.80:1000

Helpoint Claims, Kondaur Capital Corporation

TA Associates Realty

Purchased from Transwestern in 2005 for $194 psf.

4.00:1000

Affiliated Doctors of Orange County, Sterling Casualty, Prospect Medical Group

The Abbey Company

Purchased from Maguire in 2009 for $73 psf.

4.00:1000

CalOptima, Health Resource Group, AmerisourceBergen

CalOptima

Purchased from The Abbey Company in 2011 for $148 psf.

4.00:1000

Access Insurance Holding, Pediatrix & Obstetrix Medical Group, Binder & Binder

Granite Properties, Inc.

Purchased from Birtcher Anderson / GE Capital in 2010 for $164 psf.

5.00:1000

Federal Bureau of Investigation

Greenlaw Partners

Purchased from Wells Fago Bank in 2010 for $63 psf. 2012 FBI signed 20 year lease.

4.00:1000

California Department of Rehabilitation, Southern California Institute of Technology, Wells Fargo Bank

Arden Realty, Inc.

Building is isolated from most of the market.

3.60:1000

Home Depot, OC Regional Forensics Laboratory,

Starwood Capital Group

Purchased in portfolio from CW Capital Asset Management in 2014 for $145 psf.

4.00:1000

UCI Medical Center

The Regents of the University of California

Primarily medical uses in this building for UCI.

4.00:1000

Payday Payroll Services, G.J Sullivan Co., Atkins

Arden Realty, Inc.

--

5.00:1000

Advantage Sales & Marketing LLC, Izuzu Motors America LLC

New Tower Trust Company/ MEPT

Adjacent to Honda Center of Anaheim. Parking ratios are some of the highest in the submarket at 5:1000.

5.00:1000

Conifer-Tenant Patient Financial Services

New Tower Trust Company/MEPT

Adjacent to Honda Center of Anaheim. Parking ratios are some of the highest in the submarket at 5:1000.

5.00:1000

CashCall, Inc.

New Tower Trust Company/MEPT

Adjacent to Honda Center of Anaheim. Parking ratios are some of the highest in the submarket at 5:1000.

4.00:1000

Capgemini, Wells Fargo Bank, State of CA EED

Greenlaw Partners

Purchased in 2007 for $262 psf.

4.00:1000

Bank of America

Jenny Coelho

Building is isolated from most of the market. Purchased from Resource Asset Management Co. in 2012.

4.00:1000

Wildan Group, Inc., Brown & Brown Insurance, Lavoie and Jarman

Peregrine Realty Partners

Purchased from Principal Global Investors in 2012.

4.00:1000

Rockwell Automation, SunPower Corporation

Symetra Financial Corporation

SY Ventures foreclosed on May 2013. 51

CENTRAL COUNTY - NORTH I FIRST QUARTER 2014


EXISTING BUILDINGS OTHER

BU I L D I N G N A M E

C O M P L E T IO N D AT E

22

2390 E Orangewood Ave

1982

23

888 Disneyland Dr - Banco Popular Building

24

SQUARE FEET

T O TA L FLOORS

O C C U PA N C Y

AVA I L A B L E S PA C E

LARGEST CONTIGUOUS S PA C E

QUOTE R AT

107,029

5

46.7

57,039

16,116

$1.85

1982 / 2005

99,681

5

98.6

28,698

20,369

$2.25 F

765 The City Drive South City Centre II

1987

98,471

4

78.9

21,970

5,536

$1.85 F

25

750 The City Dr S - Orange City Square 3

1988

94,886

4

95.8

14,731

10,745

$2.15 F

26

790 The City Dr S - Orange City Square 2

1987

94,789

4

89.7

9,759

5,999

$2.15 F

27

500 City Pkwy W - 500 City Parkway

1973

69,733

4

100.0

--

--

$1.95 F

28

505 N Euclid St - Anaheim Place

1970 /1999

64,864

6

66.7

21,604

21,604

$1.65 F

29

2300 E Katella Ave Stadium Towers

1985

68,534

4

95.7

12,621

3,519

$1.95 F

30

601 S Lewis St

1984

33,483

3

100.0

--

--

31

4050 W Metropolitan Dr Citi Bank

1996

14,364

3

100.0

--

--

N A ME

ADDRESS

C O N TA C T N U M B E R

A

Anaheim Convention Center

800 West Katella Avenue, Anaheim, CA 92802

(714) 765-8950

B

Disneyland

1313 North Harbor Boulevard, Anaheim, CA 92803

(714) 781-4000

C

Crystal Cathedral

12141 South Lewis Street, Garden Grove, CA 92480

(714) 971-4000

D

The Block at Orange

20 City Boulevard, Orange, CA 92868

(714) 769-4000

E

UCI Medical Center

101 The City Drive, Orange, CA 92868

(714) 456-7890

F

Juvenile Hall

331 The City Drive South, Orange, CA 92868

(714) 935-6660

G

Orange County Juvenile Court

341 The City Drive South, Orange, CA 92868

(657) 622-5500

H

Orange County Probation Department

301 The City Drive, Orange, CA 92868

(714) 935-7411

I

Angels Stadium of Anaheim

2000 East Gene Autry Way, Anaheim, CA 92806

(888) 796-4256

J

Honda Center

2695 East Katella Avenue, Anaheim, CA 92806

(714) 704-2400

STREAM REALTY PARTNERS

52


ED TE

PAR K I NG RAT I O

FS

M A J OR T E N A N T S

O WN E R

MARKET INTELLIGENCE

4.00:1000

ABM Industries Incorporated, Orange County's Credit Union

Seligman & Associates Inc.

Purchased in portfolio from RREEF America II in 2005 for $235 psf.

FS

4.00:1000

Banco Popular, Earl Insurance Corp, Intracorp, Cresent Healthcare Inc.

Milan Capital Management

Purchased from The Johnston Group in 2004 for $98 psf.

FS

4.00:1000

LRES Corporation, Kimley-Horn & Associates, The Leukemia & Lymphoma Society

The Colton Company

--

FS

6.00:1000

Great American Insurance Company, DMV Investigations

Granite Properties, Inc.

Purchased from Birtcher Anderson / GE Capital in 2010 for $164 psf.

FS

4.00:1000

The Zenith Insurance Co., Liberty Mutual Insurance

Granite Properties, Inc.

Purchased from Birtcher Anderson / GE Capital in 2010 for $164 psf.

FS

4.00:1000

Old Republic Default Management Services, Megasys, Inc., Gold Acceptance

The Abbey Company

Purchased from Maguire in 2009 for $73 psf.

FS

6.00:1000

Western Youth Services, Orange County Dept. Of Education, Newark, Children's Home Society of California

Brutoco Co. Anaheim Place Partners

Purchased from Safeguard Health Services in 1999 for $54 psf.

FS

4.00:1000

Charles Schwab and Company, Centaurus Financial, American General Life and Accident Insurance

The Colton Company

--

--

4.00:1000

Argosy University

Simplex Realty Services, Inc

Purchased from Mass Mutual in 1996 for $40 psf.

--

4.00:1000

Citi Bank

MPG Office Trust

--

w w w. s t r e a m r e a l t y. c o m

QUESTIONS?

P L E A S E C O N TA C T S T R E A M R E A LT Y PA R T N E R S AT 9 4 9 . 2 0 3 . 3 0 3 0 . 53

CENTRAL COUNTY - NORTH I FIRST QUARTER 2014


CEN 91

D

29

5 8 10

9

16

22

B 27

23

11 C

A

25 28

1

20

4

BRO ADW AY

MAIN STRE ET

31

21

13

T EE R ST H T 17

ON T NG I H AS W

FLO WER STR EET 22

E

BR IST OL STR EET

C VI I C

R TE N CE

R D P

15


NTRAL COUNTY - SOUTH F I R S T

Q U A R T E R

2 0 1 4

6

55

26

3

F

5

14

12 30 19 32

MAIN STRE ET

H

K

I

J

N M

O

SSAA NT N TAA

R

18

L

G

7

1S TS TR EE T

A VA V LLEE DD U U O A N A BBO A NA

24

FLO WER STR EET

2 17


EXISTING BUILDINGS

BU ILDING NAM E

CO M PLE T I O N D AT E

SQUARE FE ET

TOTAL FLOORS

OCCUPANCY

AVAILABLE SPACE

LARG EST CONTIGUOUS SPAC E

QUOTED RATE

P

1

1100 W Town And Country Rd - Orange Executive Tower

1987 / 2004

396,680

16

72.2

115,356

24,120

$2.25 FS

3

2

1851 E 1st St - Xerox Centre

1988

321,836

15

88.4

53,281

21,441

$1.85 $2.05 FS

4

3

1750 E 4th St - The State Fund Building

1994

216,156

8

51.4

105,036

105,036

--

4

4

2677 N Main St - Main Street Town Center

1987

215,003

10

88.3

25,148

9,276

$1.95 $2.10 FS

4

5

505 S Main St - CHOC Commerce Tower

1975 / 1999

207,454

13

92.9

14,744

14,744

$2.05 FS

3

6

1551 N Tustin Ave - Tustin Centre

1991

197,712

10

77.0

66,023

20,449

$2.15 $2.25 FS

4

7

600 W Santa Ana Blvd - Civic Center Plaza Towers

1979

186,000

11

80.5

41,690

12,761

$1.55 FS

3

8

1120 W La Veta Ave - Centrum North

1985

180,438

8

45.9

102,962

67,286

$1.85 FS

3

9

701 S Parker St

1985 / 1995

161,423

8

100.0

--

--

$1.95 FS

4

10

500 S Main St - North Tower

1962 / 2009

158,352

12

85.0

23,703

11,932

$2.05 FS

4

11

600 S Main St - South Tower

1968 / 2009

156,913

12

98.6

2,228

2,228

$2.05 FS

4

12

200 W Santa Ana Blvd - Park Tower

1986 / 1991

153,260

10

88.9

17,074

7,283

$1.75 FS

3

13

1200 N Main St - 1200 Building

1970 / 1997

152,703

9

49.5

77,157

50,547

$1.35 FS

3

14

1055 N Main St - 1055 Building

1971 / 1985

133,703

11

100.0

--

--

--

4

15

801 Civic Center Dr W

1987

131,361

4

60.5

51,917

48,231

$1.75 FS

3

16

1010 W La Veta Ave - St. Joseph Medical Tower

2008

120,642

7

64.6

44,755

11,357

$2.50 NNN

8

17

2020 E 1st St - 2020 Building

1985

115,228

5

91.2

10,122

10,122

$1.85 FS

2

18

405 W 5th St - Transit Tower

1987

113,785

7

100.0

--

--

$1.75 FS

4

19

888 N Main St

1967 / 1997

111,474

10

100.0

--

--

--

3

20

2700 N Main St - Wells Fargo Building

1968 / 2000

111,268

12

86.4

24,417

9,235

$1.75 FS

4

21

1600 N Broadway - The Broadway Building

1970 / 2007

105,864

10

59.6

42,805

9,586

$0.95 $1.30 FS

2

22

901 Civic Center Dr W

1985

105,199

4

75.7

71,550

45,980

STREAM REALTY PARTNERS

56

$1.55 FS

3


MAJOR TENA NTS

OWNER

MARK ET INTE LLIG E NCE

3.50:1000

CBRE, Kinder Morgan Energy Partners, Corvel Corporation, St. Joseph Health Systems, Essex Mortgage

Rockwood / The Muller Company

Purchased in portfolio from MPG Office Trust in 2007 for $377 psf. Restructured debt on the property in 2011.

4.00:1000

Xerox Corporation, Social Security Administration, Trimavin, Green & Hall

WCB Properties

Purchased from NNN Properties in 2006 for $241 psf.

4.00:1000

State Compensation Insurance Fund

State Compensation Insurance Fund

Development site/opportunity on land next door.

4.10:1000

Assurant Specialty, Morgan Stanley Smith Barney, LLC

Rockwood / The Muller Company

Purchased in portfolio from MPG Office Trust in 2007 for $377 psf.

3.90:1000

Children's Hospital of Orange County, Parsons Brinckerhoff, St. Joseph Hospital

CRC Real Estate Corporation

Purchased from Oly Orange Commerce/Calvest G.P. in 2004 for $131 psf.

4.00:1000

Universal Services of America, Grubb & Ellis Company

CBREI

Purchased 1551 and 1525 N Tustin Ave. from BlackRock in 2013 for $230 psf.

3.50:1000

US Department of Health & Human Services, Quinn-Emanuel, Franchise Tax Board-State of CA

Sunny Hills-Palladium

Purchased from FJS, Inc. in 1999 for $67 psf.

3.50:1000

CalOptima, CHOC Business Development

4128 Wilshire LLC

Purchased from CRC Real Estate in 2004 for $162 psf.

4.00:1000

The Word & Brown Companies, Sedgewick Claims

Milan Capital Management

Purchased in portfolio from Arden Realty, Inc. in 2008 for $229 psf.

4.00:1000

Union Bank of California, Child Abuse Prevention Center

WCB Properties

Purchased in portfolio from The Colton Company in 2007 for $225 psf.

4.00:1000

Orange County Transportation Authority

WCB Properties

Purchased in portfolio from The Colton Company in 2007 for $225 psf.

3.00:1000

County of Orange Health Care Agency, US Small Business Administration

CW Capital Asset Management

Birtcher Anderson foreclosure in 2012 for $113.54 psf.

3.10:1000

NCADD Orange County Drinking and Driving Programs, Orange County Behavioral Health Care

Positive Investments, Inc.

Purchased (foreclosure) from Citivest Commercial in 2011 for $64 psf.

4.00:1000

Orange County Department of Child Support Services

LEED Properties, Inc.

Purchased in portfolio from Santa Ana Arts LLC in 2005 for $155 psf.

3.30:1000

IRS Tax Services

CW Capital Asset Management

Birtcher Anderson foreclosure in 2012 for $87.55 psf.

8.80:1000

Pulmanary Consultants & Primary Care, Cranial Technologies, Hematology Oncology / Medical Group of Orange County

Ventas, Inc.

Purchased in portfolio from Pacific Medical Buildings in 2010 for $516 psf.

2.17:1000

URS Corporation

The Colton Company

Purchased from Beth C Cannon Trust in 2011 for $40 psf.

4.00:1000

County of Orange Health Care Agency

CW Capital Asset Management

Birtcher Anderson foreclosure in 2012 for $96.67 psf.

3.00:1000

County of Orange SSA

SIC/Leed Civic Plaza LLC

Purchased from Millcord, Inc. in 1996 for $20 psf.

4.00:1000

Leviton, Diaz & Ginocchio, Inc., Wells Fargo

Moss Company

Purchased from Main Street Venture in 2001 for $103 psf.

2.50:1000

M & A Mortgage

Citivest Commercial

Purchased in portfolio from Caribou Industries in 2007 for $119 psf.

3.50:1000

Orange County Public Defender

Civic Center Professional Building, Inc.

Purchased from Grubb & Ellis Realty Investors, LLC in 2009 for $107 psf. FBI moving to 4000 Metropolitan.

PARKING RATIO

57

CENTRAL COUNTY - SOUTH I FIRST QUARTER 2014


OTHER

EXISTING BUILDINGS

BUILDING NAM E

CO M PL ETI O N D ATE

SQ U A RE FE E T

TOTA L FLOORS

OCCU PA NCY

AVA ILA BLE SPA CE

LARGEST CONTIGUOUS SPACE

QUOTED RATE

23

999 W Town and Country Rd - Holmes & Narver Building

1976

98,551

4

100.0

--

--

--

24

401 Civic Center Dr W

1970 / 1987

93,259

10

100.0

--

--

--

25

725 W Town and Country Rd - Centrum South

1986

89,063

5

95.4

8,218

2,379

$1.95 FS

26

1525 N Tustin Ave - Tustin Centre

2009

82,042

4

100.0

--

--

--

27

530 S Main St - Central Tower

1966 / 2009

78,559

6

100.0

4,446

4,446

--

28

721 S Parker St

1985 / 1995

72,070

3

100.0

--

--

--

29

681 S Parker St

1986

71,946

3

88.1

8,544

8,544

$2.05 FS

30

1010 N Main St - 1010 Building

1962

67,704

7

100.0

--

--

--

31

1666 N Main St - Santa Ana Business Bank

1969

63,510

5

64.7

36,752

15,114

$1.20 $1.50 FS

32

900 N Broadway International Business Center

1960 / 2000

57,355

10

72.9

31,145

15,573

$0.75 MG

NAM E

AD D R ESS

CONTACT NUMBER

A

St Josephs Hospital

1100 West Stewart Drive, Orange, CA 92868

(714) 633-9111

B

Childrens Hospital of Orange County

455 South Main Street, Orange, CA 92868

(714) 532-8617

C

The Village Gallery

2800 N. Main Street, Suite 184, Sana Ana, CA 92705

(714) 543-9889

D

Chapman University

1 University Drive, Orange, CA 92866

(714) 997-6815

E

Santa Ana City College

1530 West 17th Street, Santa Ana, CA 92706

(714) 564-6000

F

Orange County Register Building

30 Civic Center Drive, Sana Ana, CA 92703

--

G

Ronald Reagan Federal Building

411 W. 4th Street, Santa Ana, CA 92701

(714) 338-2806

H

Orange County City Hall

20 Civic Center Drive, Santa Ana, CA 92703

(714) 647-5662

I

State of California

28 Civic Center Drive, Santa Ana, CA 92703

(714) 558-4101

J

Santa Ana Federal Building

34 Civic Center Drive, Santa Ana, CA 92703

(800) 375-5283

K

Orange County Civil Courthouse

30 Civic Center Drive, Sana Ana, CA 92703

(657) 622-6878

L

Public Works of Orange County

300 N. Flower Street, Sana Ana, CA 92703

(714) 667-9780

M

Orange County Sherrifs Department

320 S. Flower Street, Santa Ana, CA 92703

(714) 647-7000

N

Orange County Coroners Office

550 N. Flower Street, Sana Ana, CA 92703

(714) 647-7000

O

Orange County Jail

50 Civic Center Drive, Santa Ana, CA 92703

(714) 245-8100

P

Santa Ana Police Department

60 Civic Center Drive, Santa Ana, CA 92703

(714) 245-8665

STREAM REALTY PARTNERS

58


PARK ING R AT IO

MAJOR TENANTS

O W N ER

MA RKE T INTE LLIGE NCE

4.70:1000

AECOM

Kilroy Realty Corporation

Purchased from TA Associates Realty in 2010 for $225 psf.

4.00:1000

Office of the District Attorney

Caribou Industries

Purchased from John Hancock Financial, Inc. in 1999 for $26 psf.

4.00:1000

J.L. Patterson and Associates Inc, Toll Brothers, Inc.

Scientific Investments

Purchased from TA Associates Realty in 2010.

4.00:1000

The Regional Center of Orange County

Thomson Reuters

Put up for sale in 2011 by CBRE along with 1525 N Tustin Ave, but pulled off the market as pricing wasn’t there.

4.00:1000

Western Dental

WCB Properties

Purchased in portfolio from The Colton Company in 2007 for $225 psf.

4.00:1000

Word & Brown. Quotit, Conexis

Milan Capital Management

Purchased in portfolio from Arden Realty, Inc. in 2008.

4.00:1000

Word & Brown, La Veta Surgical Center, Pacific Cardiovascular Associates

Milan Capital Management

Purchased in portfolio from Arden Realty, Inc. in 2008.

4.00:1000

Orange County High School of the Arts

Orange County High School of the Arts

Purchased from California Infrastructure and Economic Development in 2009.

4.00:1000

Western Youth Services, Grandpoint Bank, USCIS Application Support Center

Partners Capital Management, Inc.

Purchased from JP Morgan Chase Bank in 2011 for $64.56 psf.

2.70:1000

County of Orange District Attorney, Law Offices of Sayre & Levitt, LLP

Jias Family LP

Purchased from LNR Property Corporation in 2013.

w w w. s t r e a m r e a l t y. c o m

QUESTIONS?

P L E A S E C O N TA C T S T R E A M R E A LT Y PA R T N E R S AT 9 4 9 . 2 0 3 . 3 0 3 0 .

59

CENTRAL COUNTY - SOUTH I FIRST QUARTER 2014


F I RST QUARTE R 2 0 1 4 KEYc s DIRECT SUBLEASE

FLOOR

22 21 20 19 18 17 16

23,201

15 14 13 12 11 10

20,913

9 8

20,740 22,307

27,662

7

29,154

6

29,673

5

14,744

20,740

4 3

24,120

20,740

2 1

1100 W Town & Country RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

FLOOR

396,680 72.2% 24,120 $2.25 FS The Muller Co, Rockwood CBRE

600 City Pky W

333 City Blvd W 413,956 75.0% 45,878 $2.25 FS Torchlight Investors Jones Lang LaSalle

203,488 68.3% 28,308 $1.95 FS The Abbey Co CBRE

1750 E 4th St 216,156 51.4% 105,036 Withheld State Comp Insurance Fund Jones Lang LaSalle

505 S Main St 207,454 92.9% 14,744 $2.05 FS CRC Real Estate Corp NAI Capital

22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7

11,771

6

20,443

21,441

20,565

5 4

11,932

23,995

22,462

20,122

3

20,443

21,862

2

19,334

21,429

500 N State College

1120 W La Veta Ave

1

500 S Main St RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

158,352 85.0% 11,932 $2.05 FS WCB Properties CBRE

1851 E 1st St

281, 699 41.1% 165,666 $2.00 FS Starwood Capital Group Cushman & Wakefield

321,836 88.4% 21,441 $1.85 - $2.05 FS WCB Properties CBRE

60

180,438 45.9% 67,286 $1.85 FS 4128 Wilshire LLC CBRE

2400 E Katella Ave 260,817 84.8% 22,462 $2.25 FS CIM Group, LP EdgeCore Real Estate


C e n t r a l C o u n t y - Fu l l F l o o r Va c a n c y KEYc s DIRECT SUBLEASE

FLOOR

22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4

26,837

3

31,083

20,449

1

26,554

2125 E Katella Ave RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

FLOOR

20,000 20,000

2

105,940 46.9% 53,391 $1.90 FS Symetra Financial Corp Jones Lang LaSalle

23,064

20,000

801 Civic Center Dr W

1551 N Tustin Ave 197,712 77.0% 20,449 $2.15 - $2.25 FS CBREI CBRE

131,361 60.5% 48,231 $1.75 FS CW Capital Asset Mgmt Cushman & Wakefield

3100 Lake Center Dr 60,000 100% 60,000 Withheld CJ Segerstrom CJ Segerstrom

770 The City Dr S 184,100 88.8% 23,458 $2.15 FS Granite Properties Inc CBRE

22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2

20,633

1

3800 W Chapman RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

172,000 85.2% 20,890 $1.85 FS Starwood Capital Group EdgeCore Real Estate

61

Stream Realty Partners


F I RST QUARTE R 2 0 1 4

20.0% AVAILABILITY

2,343,179 AVAILABLE SQ FT

(349,673) NET ABSORPTION

24.1% OFF PEAK RENT

IN V EST M E N T SA L E S ( ON M A RK E T ) : 5 5 1 5 E L A PA L M A

Statistics Class A Class B

IN V EN TORY

(20 properties) (116 properties)

Total – Competitive Investor Owned Properties Total – Owner User Properties (23 properties) Overall Investment Grade Inventory (160 properties)

AVAIL AB L E SQUARE FE E T

1Q 2014 AVAIL AB IL ITY

BUILDING

Cambridge Healthcare

6772 Orangethorpe Ave

Ju Ding

3230 E Imperial Hwy

3Q13

2Q13

1Q13

2,163,593 6,577,577

602,015 1,497,453

27.8% 22.8%

27.3% 23.2%

21.6% 23.0%

21.0% 22.9%

23.2% 23.9%

8,753,170 2,91,104 11,714,274

2,100,218 242,961 2,343,179

24.0% 8.2% 20.0%

24.2% 1.5% 18.7%

22.7% 1.8% 17.6%

22.4% 0% 16.9%

23.8% 0% 17.9%

Leas i ng Act iv i ty TENANT

HISTO RICAL AVAIL AB IL ITY T REND S 4Q13

Deals i n the Marke t SQ UA R E F E E T

TENANT

19,515 5,105

S QUARE F E E T

EXPI RATI O N

Vanguard Logistics

25,000

1Q 2014

Evergreen

25,000

2Q 2014

KPMG

15,000

2Q 2014

Law Offices of Dennis Fusi

12,000

2Q 2014

Protection One

12,000

3Q 2014

Progressive Insurance

10,000

2Q 2014

9,000

2Q 2014

HealthCare Partners

62


North County I nve stme n t Sale s SELLER

ADDRESS

AT&T

200 E Center St

(Bu ild ings So ld )

S QUARE F E E T 198,967

Inve s t men t Sale s

C L AS S

PS F

BUYER

A

$91

PRES Companies

C L AS S

PS F

% LEASED 0%

(Bu ild ings o n the Market)

SELLER

ADDRESS

S QUARE F E E T

Eastside Christian Church of

3370 E Miraloma Ave

172,000

B

$100

Westbrook Partners

5515 E La Palma

156,135

B

$139

0%

Merdian Sports Club

1535 Deerpark Dr

127,332

B

$122

100%

LBA Realty, Inc.

4150 N Palm St

88,664

B

$185

0%

Duncan & Associates

3350 E Birch St

70,653

B

$165

72%

TA Associates Realty

18 Centerpointe Dr

51,781

B

Unpriced

30%

Brea Metro, LLC

330 E Lambert Rd

43,800

B

Unpriced

62%

Philip L Myers

2501 E Chapman Ave

33,748

B

Unpriced

88%

Fullerton California

B i g B lo ck Avai lab i li ti e s ( 75,000 s f+) OWNER

BUILDING

S QUA RE FEET

PRES

200 Center St Promenade

198,967

Eastside Christian Church of

3370 E Miraloma Ave

172,000

Westbrook Partners

5515 E La Palma Ave

156,135

Olen Commercial Realty Corp.

50 Pointe Dr

129,924

MPG Office Trust, Inc.

155 S State College Blvd

120,000

LBA Realty, Inc.

4150 N Palm St

88,664

Asset Mgmt. Consultants

5460 E La Palma St

80,998

RBS Global Securities

120 S State College Blvd

77,006

Fullerton California

I NVE STME NT SA L ES ( O N M A R KET ) : 330 E L A M B E RT RD

“The 1 st Quarter in North County was mostly ne gative, with absorp tion numb e rs i n re d and weak activ ity on the leasi ng f ront.”

63

Stream Realty Partners


F I RST QUARTE R 2 0 1 4 KEYc s

Under Construction

DIRECT SUBLEASE

FLOOR

22 21 20 19 18 17 16 15 14 13 12 11 10 9 8

23,666

7

23,666

6

23,666

25,000

25,000

5

23,666

25,000

25,000

25,818

4

23,666

25,000

25,000

26,427

3

23,666

25,000

25,000

27,330

2

30,876

25,000

25,000

26,005

1

15,800

71,500

71,500

200 Center St Promenade

3370 E Miraloma

155 S State College

RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

FLOOR

191,647 1.6% 188,672 Withheld Pacific Bell Telephone Co Jones Lang LaSalle

172,000 0% 172,000 Withheld E Christian Church Fullerton CA CBRE

120,000 0% 120,000 Withheld MPG Office Trust, Inc CBRE

23,317

24,344

135 S State College 166,777 68.0% 23,317 $2.30 FS RBS Global Securities CBRE

50 Pointe Dr 131,441 100% 129,924 $2.05 FS Olen Commercial Realty Corp CBRE

22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4

21,706

3

21,692

26,260

25,490

2

24,484

25,552

40,499

1

26,260

20,981

40,499

25,345

120 S State College

140 S State College

5460 E La Palma

1100 E Orangethorpe

4 Centerpointe RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

82,662 42.0% 43,398 $2.15 FS TA Assoc Realty CBRE

72,023 100% 72,023 $2.20 FS RBS Global Securities CBRE

77,559 0% 77,559 $2.10 FS RBS Global Securities CBRE

64

80,998 0% 80,998 $1.25 NNN Asset Mgmt Consultants, Inc Jones Lang LaSalle

26,184

51,529 0% 52,529 $1.35 MG Sunny-Hills Palladium Sunny-Hills Palladium


N o r t h C o u n t y - Fu l l F l o o r Va c a n c y KEYc s DIRECT SUBLEASE

FLOOR

22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2

20,369

18,884

10,802 10,802

88,664

24,859

888 Disneyland Dr

18 Centerpointe

505 N Euclid St

4150 N Palm St

6 Pointe Dr

1

RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

FLOOR

99,681 98.6% 20,369 $1.50 FS Milan Capital Mgmt CBRE

51,781 30.0% 36,238 $1.25 NNN TA Assoc Realty CBRE

64,864 66.7% 21,604 $1.65 FS Bruntoco Co Colliers International

88,664 0% 88,664 $1.20 NNN LBA Realty Voit

131,687 100% 24,859 $2.25 FS Olen Commercial Realty Corp Olen Commercial Realty Corp

22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1

10,953

3070 Saturn RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

21,367 48.7% 10,953 $1.65 MG Richard F, Morgan III Lee & Associates

65

Stream Realty Partners


F I RST QUARTE R 2 0 1 4

16.9% AVA I LA BILITY

891,442 AVAILABLE SQ FT

(10,472) NET ABSORPTION

11.9% OFF PEAK RENT

IN V EST M E N T SA L E S ( ON M A RK E T ) : 5 4 0 0 ORA N GE AV E

Statistics Class A Class B

IN V EN TORY

(15 properties) (75 properties)

Total – Competitive Investor Owned Properties Total – Owner User Properties (6 properties) Overall Investment Grade Inventory (96 properties)

AVAIL AB L E SQUARE FE E T

1Q 2014 AVAIL AB IL ITY

HISTO RICAL AVAIL AB IL ITY T REND S 4Q13

3Q13

2Q13

1Q13

1,528,135 2,967,996

346,268 545,174

22.7% 18.4%

22.8% 18.1%

23.6% 17.4%

23.6% 18.1%

25.3% 18.8%

4,496,131 787,292 5,283,423

891,442 -891,442

19.8% 0% 16.9%

19.7% 0% 16.8%

19.5% 0% 16.6%

21.0% 0% 17.0%

21.0% 0% 17.9%

Leas i ng Act iv i ty

Deals i n the Marke t

TENANT

BUILDING

SQ UA R E F E E T

DRS Sensors & Targeting Systems

10600 Valley View St

iMortgage

7755 Center Ave

8,643

Siemens

7711 Center Ave

7,331

Orbital

7755 Center Ave

3,544

TENANT

91,506

Access Business Centers OneLov

66

S QUARE F E E T

EXPI RATI O N

25,000

--

6,000

2Q 2014


We s t C o u n t y I nve stme n t Sale s SELLER

ADDRESS

Gothard Business Park LLC

16541 Gothard St

(Bu ild ings So ld )

S QUARE F E E T 32,245

C L AS S

PS F

BUYER

B

$109

Joseph Bartoli & Dwayne Fuhrman

Inve s t men t Sale s SELLER

ADDRESS

Jamison Services, Inc.

5400 Orange Ave

(Bu ild ings o n the Market)

S QUARE F E E T 52,242

C L AS S

PS F

% LEASED

B

$130

33%

B i g B lo ck Avai lab i li ti e s ( 75,000 s f+) OWNER

BUILDING

S QUA RE FEET

There are no big blocks to report in West County for the first quarter 2014.

I NVE STME N T S A L ES ( S O L D ) : 16541 G OTH A RD ST

“We st Cou nty continues to be relative ly st a t i c; however, rental rates for Class A a nd B bu i ldings are beg inning to j ump wi t h t he ave rag e now at $2. 00 FS G. T ha t’s up from $1. 95 FS G las t quarte r.”

67

Stream Realty Partners


F I RST QUARTE R 2 0 1 4 KEYc s DIRECT SUBLEASE

FLOOR

22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6

15,776

5

16,835

4

16,834

31,627

3 2

10,700

1

7711 Center Ave RBA % LEASED MAX CONTIGUOUS QUOTED RATE OWNER LEASING CO

99,181 47.2% 52,348 $2.35 FS Lincoln Property Co Cushman & Wakefield

5665 Plaza Dr

5455 Garden Grove

151,484 48.7% 31,627 $1.95 FS Deutsche Asset & Wealth Mgmt CBRE

61,464 70.2% 10,700 $1.95 - $2.15 FS Invesco Stream Realty Partners

68

68,815

31,235

6251 Katella Ave

6141 Katella Ave

68,815 100% 68,815 $0.85 NNN Warland Investment, Ltd Colliers International

63,235 0% 48,235 $1.30 NNN Warland Investment, Ltd CBRE


We s t C o u n t y - Fu l l F l o o r Va c a n c y

69

Stream Realty Partners


70


1 6 8 4 2 Vo n Ka r m a n Av e n u e ∫ S u i t e 2 7 5 ∫ I r v i n e , C A 9 2 6 0 6 ∫ 9 4 9 . 2 0 3 . 3 0 3 0 ∫ w w w. s t r e a m r e a l t y. c o m Atlanta ∫ Austin ∫ Charlotte ∫ Dallas / Ft. Worth ∫ Denver ∫ Houston ∫ Los Angeles ∂ Orange County ∫ San Antonio ∫ Washington, DC 71

The Quarter -- OC Market Report 1Q2014  
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