SHAW Plans Spectrum Center; Anaheim Landmark Sold
COMMERCIAL
Powerturbine Inc., an aviation products company, is moving its corporate headquarters from Brea to La Habra. The company has bought an 18,876-square-foot industrial building at 1801 Lambert Road. The deal is valued at $1.1 million, and Powerturbine plans to move into the building in March. Along with being the company’s corporate base, the facility provides warehouse operations and administrative offices.
Troy Williams of Grubb & Ellis’ Anaheim office represented power turbine in the transaction. Jim de Regt of Lee & Associates represented the seller, Raymond Boal, a San Dimas-based private investor.
The La Habra site is nearly double the size of Powerturbine’s current 10,000-square-foot building.
Powerturbine has sold its Brea building at 601 Lunar Ave. to Global Aviation, an aviation interior products company. Global Aviation will use the new digs for office, manufacturing and warehousing.
Troy Williams of Grubb & Ellis’ Anaheim office represented Powerturbine in the $834,715 Brea transaction. Mark Hintergadt of Lee & Associates represented Global Aviation.
Cool Construction
At your typical neighborhood storage place, you’re likely to find furniture, clothes, old papers, maybe even a car. But when that neighborhood is Malibu, storage is anything but typical.
The folks at Malibu Sky Storage are banking that collectors of fine wine, artwork, jewelry and other assorted valuables will look to them for housing pricey items.
San Juan Capistrano-based Consolidated Contracting Services Inc. is building a high-security storage facility for Malibu Sky. The facility could house items pricier than the project’s $1 million construction price tag.
The storage units will include an elaborate security system, including camera surveillance, an alarm system and floor safes. Units selected for wine storage feature dehumidified air and temperatures regulated at around 60 degrees.
“By offering storage space with enhanced security and environmental controls, we can provide a needed service as well as peace of mind for our clients,” said Raphael Shachory, owner of Malibu Sky.
Spectrum Project Set
Newport Beach-based SHAW Industrial Building Services Corp. recently acquired 3.9 acres in the Irvine Spectrum. The parcel is at Tesla and Goddard in Spectrum V, with construction of a business center set for March.
The 14-unit, 60,300-square-foot project will be called MK Business Center in honor of Mary Kay Crookall, a co-owner of Shaw who died in 1999. Units range in size from 3,800 to 5,900 square feet.
MK Business Center is one of only two speculative projects permitted in the Spectrum by The Irvine Company. Shaw is partnering in the project with Spring Creek Investors LLC, also of Newport Beach.
Anaheim Landmark Sold
A fixture of downtown Anaheim has changed hands in a deal valued at more than $1.6 million. The owners of Clean City Inc. purchased the 30,000-square-foot Kraemer Building at 201 E. Center in Anaheim.
Sonya Dopp-Grech of Lee & Associates-Orange Inc. represented the seller, The Republic Group. Paul Kott of Paul Kott Realtors represented William and Cynthia Taormina of Clean City.
When the six-story Kraemer Building with a rooftop penthouse was completed in 1925, it was dubbed the “Kraemer skyscraper” after builder Samuel Kraemer, a prominent Orange County businessman, millionaire oilman and rancher. The building features decorative tile and classical trimming.
RESIDENTIAL
The Fair Housing Council of Orange County recently negotiated a settlement to terminate contracts between tenants of Ridgewood Garden Apartments of Anaheim and their landlord, Sam Menlo.
Problems began last fall when Menlo began serving eviction notices and raising rent $50 to $100. Tenants say he did so because they continually complained about “rodents, cockroaches, leaky toilets, mold-covered walls and the run-down conditions of their apartments.”
“We are very pleased that we could help negotiate a settlement of this case and provide relocation funds to more than 200 families who are losing their housing in this very tight housing market,” said Elizabeth Pierson, president and chief executive of the Fair Housing Council of Orange County.
In October, a local court ordered Menlo to serve a 60-day sentence in one of the Ridgewood Gardens units. Menlo, who suffered a stroke, was unavailable for comment.
