By Jon Lansner
The expanded JLL broker has moved to Irvine’s complex office space.
After acquiring HFF in the summer of 2019, the company is working on the integration of its two offices, Irvine and Newport Beach. The company is currently partially working in a 35,000-square-foot office on the Intersect campus of 17877 Von Karman.
The four 430,000-square-foot intersections are owned and operated by Pimco, based in Hines and Newport Beach. On campus Hanger 24 Tap Room & Restaurant Open with an extended outdoor dining area and takeaway.
According to JLL, the office has space to accommodate 150 employees specializing in leasing, management and capital markets. The company works at about 50% capacity to work at a safe distance in the COVID-19 pandemic.
The company said in a statement that it had designed a new space “combining industrial and California coastal designs while providing a warm, cozy and natural light environment.”
- JLL has moved to a new office space in Intersect, four campuses in Irvine. This space was built with the COVID-19 protocol in mind. This includes more private offices, policies that use all other desks, and other social distance practices. (Provided by JLL)
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JLL has moved to a new office space in Intersect, four campuses in Irvine. This space was built with the COVID-19 protocol in mind. This includes more private offices, policies that use all other desks, and other social distance practices. (Provided by JLL)
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JLL has moved to a new office space in Intersect, four campuses in Irvine. This space was built with the COVID-19 protocol in mind. This includes more private offices, policies that use all other desks, and other social distance practices. (Provided by JLL)
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A sketch of the 6-plex portion of the Irvine Community Land Trust Sage Park, a 68-unit “affordable” development in the Portola Springs district of Irvine. (Courtesy: ICLT)
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A sketch of the eight plexes of the Irvine Community Land Trust Sage Park, a 68 “affordable” development in the Portola Springs district of Irvine. (Courtesy: ICLT)
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Irvine Community Land Trust has begun construction on Sage Park, a residential development area for 68 units in the Portola Springs area of Irvine. (Courtesy: ICLT)
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Irvine Community Land Trust has begun construction on Sage Park, a residential development area for 68 units in the Portola Springs area of Irvine. (Courtesy: ICLT)
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Owen Bouton has joined Irvine-based Sabal Capital Partners as Managing Director of the company’s commercial mortgage-backed securities group. (Provided by Sabal Capital Partners)
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Michael Cozza has been hired by Irvine-based Sabal Capital Partners as Managing Director of the company’s commercial mortgage-backed securities group. (Provided by Sabal Capital Partners)
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Watt Cos. Nadine Watt, CEO of the University of Southern California, has been appointed Vice Chairman of the Board of the Lusk Center for Real Estate at the USC Real Estate Research Center. With over 20 years of experience in the real estate industry, Watt oversees the day-to-day activities and strategic planning of all over 6 million commercial investment activities, including acquisitions, developments and wealth management. Square foot portfolio.
- Watt Cos. Nadine Watt, CEO of the University of Southern California, has been appointed Vice Chairman of the Board of the Lusk Center for Real Estate at the USC Real Estate Research Center. With over 20 years of experience in the real estate industry, Watt oversees the day-to-day activities and strategic planning of all over 6 million commercial investment activities, including acquisitions, developments and wealth management. Square foot portfolio.
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Bill Witte, Chairman and Chief Executive Officer of the relevant California, has been appointed Chairman of the Rusk Real Estate Center at USC, a real estate research center. Witte will become Chairman of the Board of Directors after serving as Vice Chairman for three years. He will replace Emile Haddad, Chairman and CEO of Five Point Holdings, who has been Chairman since 2017. (Provided by USC)
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Michael Levendusky of AIA, LEEDAP has joined Taylor Design, an employee-owned architecture, interior design and design strategy company based in Irvine, as a design director. (Courtesy of Taylor design)
With the launch of COVID-19, JLL has restructured workstations to include tall plexiglass partitions, implemented social distance planning, and implemented private office and all other workstation policies. I said I added it.
The company also limits the number of people who can enter the meeting room and provides personal protective equipment.
Peter Belisle, JLL’s Southwest Market Director, said: “We have a rigorous return-to-work plan with up to 50 percent capacity for those who want to return to the office.”
JLL’s project and development services group, led by Nancy Soo, worked with architects H. Hendia Associates and general contractor Turek to oversee space design and construction management.
Irvine’s new home
In case you miss this news reported last week, 68 affordable homes are under construction for income-earning buyers.
The Irvine Community Land Trust is building its first proprietary project, Sage Park, on four acres north of Irvine Boulevard in the Portola Springs district. The non-profit home developer detached housing project, which is set to be ready in 2022, includes 16 units in 2 bedrooms, 36 units in 3 bedrooms, and 16 units in 4 bedrooms.
Trust estimates that pricing will begin “in the low $ 400,000 range.” By comparison, a typical Irvine home is valued by Zillow for $ 933,518.
Sage Park buyers must meet income limits and qualify for fixed rate mortgages from private lenders. Income levels have not yet been set, but last year they went from $ 98,900 for two residents to $ 133,500 for five.
Buyers cannot rent homes and there are restrictions on reselling properties to maintain affordability.
The application for participating in the July lottery for the chance to buy at Sage Park will be available in the coming months. The Trust Salerno project in Irvine has collected 6,800 applications for 80 units of apartments.
Real estate person
Irvine-based Sabal Capital Partners, a company specializing in commercial real estate, lending and investment, has added 14 new hires. Owen Bouton and Michael Cozza have been hired as Managing Directors of the company’s commercial mortgage-backed securities group. Additional hires for Sabal’s agency program include Christopher West as production manager for term lending sales and Kerri Spalding-Thompson as underwriting manager for the Irvine office.
Michael Levendusky has joined Irvine-based Taylor Design, an employee-owned architecture, interior design and design strategy company in Irvine, as Design Director. He has 30 years of experience in healthcare, corporate, science and technology, civil and housing projects of all sizes and ranges.
on board
USC’s Lusk Center for Real Estate has appointed Bill Witte, Chairman and CEO of Related California, as Chairman of the Board and Nadine Watt, CEO of Watt Companies, as Vice Chairman. Witte will become Chairman of the Board of Directors after serving as Vice Chairman for three years. He will replace Emile Haddad, Chairman and CEO of Five Point Holdings, who has been Chairman since 2017. Watt has over 20 years of experience in the real estate industry and oversees the day-to-day activities and strategic planning of WattCos as a whole. Commercial investment activity.
Real estate transactions, leasing and new projects, industry recruitment, new ventures and upcoming events have been edited from a press release by contributor Karen Levin. Email the item and high resolution photos to the business editor Samantha Gowen. sgowen@scng.com.. It will take at least a week to publish. All items may be edited for clarity and length.
JLL consolidates 2 OC offices into new Irvine campus – Orange County Register Source link JLL consolidates 2 OC offices into new Irvine campus – Orange County Register
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