11 July 2017
Orange County
Reporter: Theo Andrew

Flight at Tustin office development set to take off


Lincoln Property Trust and Alcion Ventures have secured financing for phase I of their Flight at Tustin Legacy development, to the tune of $141.6 million.

HFF arranged the three-year construction loan for the 470,000-square foot creative office campus through Acore Capital and iStar.

Located in Tustin in California, the former Marine Corps Air Station is being developed into a complex comprised of a 7,000-square foot conference centre and 12,000-square foot food hall, plus bike paths and other outdoor amenities.

The development, scheduled to be completed in early 2019, is expected to attract a high-quality tenant roster, according to Lincoln Property.

Built to compete with creative office space in Los Angeles, San Francisco and Silicon Valley, the Orange County development will add a second complex in phase II of development, offering a further 550,000-square foot of office space.

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Warehouse REIT acquires four UK assets
25 September 2017 | London | Reporter: Theo Andrew
The purchase, which is in addition to the £108.85 million 27-asset Tilstone Portfolio, represents a net initial yield of 7.5 percent
AEW strengthens Madrid portfolio
25 September 2017 | Madrid | Reporter: Theo Andrew
AEW has acquired an office in Madrid on behalf of its European Value Investors fund, for €30 million
The top 100 private real estate fund managers accounted for 62 percent of total industry fundraising over the past decade, according to a new Preqin report
BlackRock sells Marina Bay office for SGD 2.12 billion
22 September 2017 | Singapore | Reporter: Theo Andrew
BlackRock has agreed to sell Asia Square Tower 2, in Singapore’s Marina Bay, to CapitaLand Commercial Trust, for SGD 2.12 billion (US $1.6 billion)
JLL names head of capital markets for CEE region
22 Septmeber 2017 | Prague | Reporter: Theo Andrew
JLL has appointed Mike Atwell as head of capital markets the Central Eastern European (CEE) region and the Czech Republic
HFF facilitates sale of residential and office assets
21 September 2017 | Plainsboro, New Jersey | Reporter: Jenna Lomax
Kushner Companies has acquired Quail Ridge Apartments in New Jersey, for $146 million, and Perimeter Park in North Carolina has sold for $105.5 million
Fitch revises ratings of retail REIT duo
21 September 2017 | New York | Reporter: Becky Butcher
Fitch Ratings has revised the ratings and outlook of Washington Prime Group (WPG) and CBL & Associates Properties, two retail REITs