Press Releases

VOIT DIRECTS TWO SALES TOTALING $2.35M AND 16,000 SQUARE FEET IN SAN DIEGO

San Diego, Calif., (July 7, 2016) – Kipp Gstettenbauer, Senior Vice President, and Ryan King, Vice President, of Voit Real Estate Services’ San Diego office successfully directed two recent sales transactions in the San Diego market totaling $2.35 million and 16,000 square feet.
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VOIT DIRECTS THE $5.8 MILLION SALE OF A 36,000 SQUARE-FOOT MEDICAL OFFICE BUILDING IN CHULA VISTA

Chula Vista, Calif., (July 6, 2016) – Voit Real Estate Services is proud to announce that Brandon Keith, Senior Vice President, Tracy Clark, Senior Vice President, & Kimberly Clark, Senior Associate, in the San Diego office successfully directed the $5.8 million sale of a 36,000 square-foot medical office building in Chula Vista on behalf of the seller. The buyer was Otay Lakes Professional Plaza, LLC based out of San Diego.
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VOIT REAL ESTATE SERVICES DIRECTS THE $9,447,920 SALE OF A 55,576 SQUARE-FOOT SINGLE-TENANT INDUSTRIAL PROPERTY IN GARDEN GROVE

Orange County, Calif., (May 26, 2016) – Mike Bouma, Senior Vice President, Paul Caputo, Vice President, and Eric Smith, Associate, in Voit’s Anaheim office successfully directed the $9,447,920 sale of a 55,576 square-foot single-tenant industrial building in Garden Grove, on behalf of the seller, LBA RIV-COMPANY XXVII, LLC. The buyer, King Shocks, an American Manufacturer of off Road Automotive Parts based out of Garden Grove, will use this property as their corporate headquarters, according to Bouma.
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VOIT REAL ESTATE SERVICES WELCOMES BACK STEFAN ROGERS TO ITS IRVINE OFFICE

Irvine, Calif., (May 19, 2016) – Voit Real Estate Services is pleased to announce the return of Stefan Rogers as Senior Vice President to the Irvine office. Rogers, a fifteen-year international commercial real estate veteran, has rejoined Voit as a shareholder in the firm, and will continue his focus on corporate real estate services and investments.
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VOIT REAL ESTATE SERVICES DIRECTS MAJOR INDUSTRIAL LEASE FOR HOME FURNINSHING COMPANY

Ontario, Calif., (May 10, 2016) – Voit Real Estate Services has successfully completed the $27 million lease of the Prologis Mission Distribution Center, a 741,458 square-foot, Class A industrial distribution center situated on 31 acres in Ontario, California on behalf of Noble House Home Furnishings, a national manufacturer of residential furniture.
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VOIT REAL ESTATE SERVICES DIRECTS THE $4.8 MILLION SALE OF A 20,300 SQUARE-FOOT FREESTANDING OFFICE BUILDING IN SAN DIEGO

Orange County, Calif., (May 5, 2016) – Brian Mulvaney, CCIM, SIOR, Senior Vice President and Josh West, Senior Associate of Voit Real Estate Services’ San Diego office successfully directed the $4,800,000sale of a 20,300 square-foot freestanding office building in Kearny Mesa, on behalf of the seller, Coleman University, based in San Diego. The buyer, Yongzhi (USA) Asset Management Company, based in Brea and represented by Marlene He of Alliant Realty & Mortgage, purchased the property as a leased investment, according to the Voit Listing team.
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VOIT REAL ESTATE SERVICES DIRECTS THE $1,210,000 SALE OF A 6,919 SQUARE-FOOT OFFICE PROPERTY IN CHULA VISTA

Orange County, Calif., (April 27, 2016) – Tracy Clark, Senior Vice President, and Kimberly Clark, Senior Associate, both in Voit Real Estate Services’ San Diego office successfully directed the $1,210,000 sale of a 6,919 square-foot office building in Chula Vista, on behalf of the seller, Pathfinder Otay Holdings, LLC, an affiliate of Pathfinder Partners, LLC, based out of San Diego. The buyer, Rancho Vista Covenant Church, also based out of San Diego, was represented by Frank Ohrmund of Otay Real Estate and will use this property for their church facilities, according to Tracy.
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VOIT REPORT: SAN DIEGO COUNTY OFFICE AND RETAIL AVAILABILITY RATES DECLINE - INDUSTRIAL RENTAL RATE SETS NEW RECORD HIGH

San Diego, Calif., (April 14, 2016) – The San Diego County office market had a solid start to the year, posting positive net absorption and strong transaction volume. Although the market saw rental rates decrease slightly, vacancy and availability rates also continue to decrease. The office vacancy rate dropped to 11.69%, a 46 basis point decrease from last quarter and a 29 basis point decrease from first quarter 2015. The average asking full-service gross lease rate finished the first quarter at $2.64 per square foot per month, a decrease of 8.6% from 2015’s first quarter average asking lease rate, according to a new First Quarter Market Report from Voit Real Estate Services.
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VOIT REPORT: Orange County’s diverse industrial market continues its steady growth with demand outpacing supply - biggest hurdle continues to be expansion opportunities given inventory shortage

Orange County, Calif., (April 13, 2016) – Steady job growth, an improving housing market and an attractive interest rate environment have combined to fuel business expansion, driving lease rates up and sale prices past previous record highs. The scales are tipped in the landlords’ favor at the moment resulting in limited concessions for tenants. Most of the new construction is being absorbed prior to completion and there is continued demand for well located, second-generation buildings as well. Aging industrial properties in parts of North and Central County are being sold in favor of higher and better uses, including retail, office, residential, and mixed use, according to a new First Quarter Market Report from Voit Real Estate Services.
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Jessamyn Wilkinson
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jwilkinson@voitco.com

(949) 851-5100

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