Warren Buffet checks in with Colossal Losses

Even the "Oracle of Omaha" hasn't been immune to our economic changes. Read his annual letter to shareholders http://www.berkshirehathaway.com/letters/2008ltr.pdf

Industrial Brokers is seeing a sharp slowdown in Orange County industrial transaction activity. Landlords are busy with tenant retention efforts, and buyers are awaiting price drops similar to those in the local residential market. There haven't been enough sales this year to guage who is winning that tug-of-war, but we suspect that it will be the buyers gaining advantage soon.

Call me today at 949-646-2727, if you have any questions about your Orange County industrial property or lease.

Industrial Market Mid-Summer update

The Orange County industrial market vacancy has ticked up from around 3% to 4.5% in the past few months, as the economy stalls over consumer spending declines. This is still a historically tight market, and many companies are finding there may be only one or two buildings which suit their needs here in the O.C.

Leasing activity has picked up in the past few weeks, but sales have slowed down with buyers hoping for a mirror of the local residential price reductions. INDUSTRIAL BROKERS represents two quality buildings for lease: 27,000 SF at 3545 Cadillac, Costa Mesa and 53,264 SF at 20 Icon, Foothill Ranch. We are also aware of some great unlisted opportunities including a 75,000 SF Anaheim Stadium building which can be purchased at a below market price.
If you are looking for a building to lease email me at greg@ozimec.com or call directly at 949-646-2727.

The Advantages of "Build to Suit"

Your company is growing, and a move to accomodate your success is in the works. If you are here in Orange County, CA, there are few opportunities for a ground up "build to suit" to meet your specifications. Industrial Brokers represents one of the last remaining industrial build-to-suit opportunities in Orange County. Rather than trying to make your company's facility requirement fit the available building inventory, you can customize the building in the pre-construction planning stages.

Our client, Foothill Land, LLC, owns a uniquely situated 7.5 acre lot at 20 Icon, Foothill Ranch. It is currently improved with a modern 103,000 SF highly improved industrial building. The adjacent planned 53,264 SF building will overlook the Foothill Transportation corridor. The eventual tenant can customize the planned 9,600 SF office area-with a generous two-story window line wrapping the southwest corner-or expand the office to 17,000 SF. We also have the capability to engineer the foundation for specialized plumbing or heavy machinery, air-condition the warehouse-manufacturing area, or customize the electrical power.

For further information, call 949-646-2727 or email greg@ozimec.com

How's Business? How About 6 Offers on 1 Building!

The Industrial real estate market in Orange County continues to defy Newton's Law of Gravity. Record low vacancy, lack of land for new development and strong employment have led to record high lease rates. When John Taylor, a long time client, and the original Owner of a 40 year old Santa Ana 7,000 SF building, called to say his Tenant had vacated unexpectedly, I was able to let him know that the current increased market rents would balance his lost rent. The offers started rolling in before he completed a needed renovation. He was understandably selective, and we had to scrutinize the financial statements and business prospects of several potential tenants early on during a 90 day marketing period. Mr. Taylor's patience finally paid off with three more offers the week before Thanksgiving. This week we finalized a Lease to Mission Landscape Services, in business since the 1970's, with an impressive client list that includes The Irvine Company.

This Landlord's experience not only illustrates the strength of the Industrial lease market, it also demonstrates INDUSTRIAL BROKERS commitment to providing the same dedicated service to a 7,000 SF building owner's vacancy, as we do for our clients with 100,000 SF buildings. Call me today at 949-646-2727 to touch base or get information to help you make the right decision in the O.C. Industrial property market.