Cambro Manufacturing moves to a massive facility in Surf City – Orange County Register

Cambro Manufacturing has moved into its new distribution center in Huntington Beach, which consolidates hubs in Surf City and City of Industry into a massive complex it calls “Delta.”

The company, which makes industrial-grade foodservice containers, signed a $65 million lease for the 433,537-square-foot building in September 2021, according to Newmark.

Cambro has deep roots in the city where it opened in 1951. With business thriving today, his new facility is just 700 feet from the company’s headquarters on Skylab Road.

The expansion in Huntington Beach follows a similar move in 2019 at Cambro’s East Coast hub in Mebane, NC, where the company moved into a 467,000-square-foot facility — nearly double the size of an original facility built there in 2015.

The company said the new warehouses will help it increase efficiency and improve service. In Huntington Beach, the Delta expansion will help Cambro “reduce unnecessary travel time and lower gas emissions,” according to a company official.

According to Cambro, Delta’s business includes fulfilling sample requests, shipping replacement parts and delivering products to regional distribution facilities around the world.

The Delta facility at Huntington Gateway was developed by Newport Beach-based Sares Regis Group. The entire complex sits on 56 acres and includes four other buildings ranging in size from 109,892 square feet to 233,706 square feet.

Newport Beach-based Buchanan Street Partners advised Costa Mesa-based Arnel & Affiliates on the acquisition of a 354-unit apartment complex in McKinney, Texas. (Courtesy of Buchanan Street Partners)
Newport Beach-based Buchanan Street Partners advised Costa Mesa-based Arnel & Affiliates on the acquisition of a 354-unit apartment complex in McKinney, Texas. (Courtesy of Buchanan Street Partners)

Arnel & Affiliates of Costa Mesa buys an apartment complex in Texas

Newport Beach-based Buchanan Street Partners advised Costa Mesa-based Arnel & Affiliates on the acquisition of a 354-unit apartment complex in McKinney, Texas.

Completed in 2021, the property was sold by JPI in Irving, Texas. The terms of the transaction were not disclosed.

Jefferson Terrace has 209 one-bedroom, 115 two-bedroom, and 30 three-bedroom units. According to Buchanan Street Partners, the property was 94 percent occupied at the time of sale.

Community amenities include a resident clubhouse and lounge, game room, swimming pool, dog park, putting green, fitness center with yoga room and spin studio, and outdoor BBQ area.

“Jefferson Terrace represents an exceptional long-term investment opportunity to acquire Class A condominium units with resort-style amenities and stable occupancy rates, located near key employment hubs in a submarket with strong fundamentals and long-term forecast growth,” said Buchanan Street Partners executive vice president Kevin Hampton in a statement.

Arnel & Affiliates, a private real estate and investment firm, owns more than a dozen residential communities in Orange County, including Alicia Plaza in Laguna Hills, Cinnamon Ridge in Fullerton, and South Pointe in Costa Mesa.

Leo Betancourt, broker/owner of RE/MAX Terrasol in Huntington Beach, has acquired Tiffany Real Estate in Cypress and RE/MAX Real Estate One in Tustin. (Courtesy of Leo Betancourt)
Leo Betancourt, broker/owner of RE/MAX Terrasol in Huntington Beach, has acquired Tiffany Real Estate in Cypress and RE/MAX Real Estate One in Tustin. (Courtesy of Leo Betancourt)

Betancourt expands with 2 more acquisitions

Leo Betancourt, broker/owner of RE/MAX Terrasol in Huntington Beach, has acquired Tiffany Real Estate in Cypress and RE/MAX Real Estate One in Tustin.

Betancourt said he will continue to operate the brokerage firm, originally owned by Gary Riphagen and Gerry Bullerdick, as RE/MAX Tiffany Real Estate. The former owners of 30 years remain as representatives in the company.

In August, Betancourt bought the rights to RE/MAX Real Estate One in Tustin and renamed it RE/MAX Terrasol. The company was previously owned by Mike Knight and Mark Donaldson. The former owners, who have also been with the company for 30 years, remain on board as agents.

At the 25th Annual NAIOP SoCal UCLA vs. USC Real Estate Challenge, UCLA's five-person graduate student team took home the Silver Shovel for their project proposal for a Prologis real estate in Carson. (Courtesy of NAIOP SoCal)
At the 25th Annual NAIOP SoCal UCLA vs. USC Real Estate Challenge, UCLA’s five-person graduate student team took home the Silver Shovel for their project proposal for a Prologis real estate in Carson. (Courtesy of NAIOP SoCal)

UCLA team wins Silver Shovel in NAIOP competition

At the 25th Annual NAIOP SoCal UCLA vs. USC Real Estate Challenge, UCLA’s five-man student team took home the Silver Shovel.

At the event, held Nov. 17, teams of five from the Ziman Center of Real Estate at UCLA’s Anderson School of Business and the Lusk Center at USC’s Marshall School of Business and the Price School of Public Policy competed to be the best Use for an industrial lot in Southern California.

The winning team of students had to determine the best use for the selected site and earn the most points through written and oral presentations to the jury, which included a panel of real estate managers.

https://www.ocregister.com/2022/12/02/real-estate-news-cambro-manufacturing-moves-into-massive-surf-city-facility/ Cambro Manufacturing moves to a massive facility in Surf City – Orange County Register

Dais Johnston

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