Robert D. Voit to Receive Lifetime Achievement Award in Orange County, CA

Orange County, CA – Robert D. Voit (top right photo), founder and CEO of Newport Beach-based Voit Real Estate Services, has been named as the 2012 recipient of the RealShare Orange County Lifetime Achievement Award.

Voit will be presented with the Lifetime Achievement Award during a ceremony at the upcoming RealShare Orange County conference in Irvine, Calif. on August 16.

This prestigious award is presented to an individual who has changed the landscape of the real estate community in his or her local market.

“Certain names just come to mind when talking about Orange County real estate, and Bob Voit is at the very top of that list,” says Daniel Ceniceros (lower left photo), Vice President of Strategic Development for RealShare Orange County.

Voit founded his firm as The Voit Corporation in 1971, and has spearheaded its expansion throughout the Western U.S.  The company has grown to 10 offices and has successfully owned, developed and managed more than 50 million square feet of commercial real estate to date. 

 For a complete copy of the company’s news release, please contact:

  Judith Brower/Jenn Quader

  Brower, Miller & Cole

  (949) 955-7940

  JQuader@browermillercole.com

Voit Report: Orange County, CA Office Market Posts Highest Positive Net Absorption in 27 Quarters

 

 Orange County, CA, (July 05, 2012) – In the second quarter of 2012, the Orange County office market posted 955,283 square feet of positive net absorption - the most positive net absorption seen in a single quarter since the third quarter of 2005, according to the Second Quarter Market Report from Voit Real Estate Services.

In addition, both vacancy and availability decreased from the previous quarter.

 “The Orange County office market is showing significant improvement with strong indications that this recovery will continue,” said Jerry Holdner (top right photo), Vice President of Market Research at Voit. “Even after this quarter’s substantial positive absorption, we expect to see more positive absorption in Q3 and Q4 of this year.”

Orange County business expansions will contribute to this increase, according to Holder, who noted that major companies are currently growing their footprints in the market.

“There are already commitments which will affect office absorption in Q3,” explained Holdner.  “CoreLogic will move into a 170,000 square-foot office space in the Spectrum in August of 2012, while A to Z Development, which occupies 23,000 square feet in the same building, will expand to 82,000 square feet.”

For a complete copy of the company’s news release and report, please contact:

Jenn Quader / Judith Brower

Brower, Miller & Cole

(949) 955-7940

JQuader@browermillercole.com

Voit Reports Positive Net Absorption for Eighth Consecutive Quarter in Orange County, CA Industrial Market

  Orange County, CA – In the first quarter of 2012, the Orange County industrial market posted 362,299 square feet of positive net absorption, giving the market 3.8 million square feet of positive net absorption since the second quarter of 2010, according to a First Quarter Market Report by Voit Real Estate Services. 

In addition, the quarter ended with a vacancy rate of 4.87 percent - one of the lowest figures recorded since the first quarter of 2009. 

“The Orange County industrial market is in recovery mode, and all numbers indicate that the market will continue to improve as 2012 progresses,” said Jerry Holdner (top right photo), Vice President of Market Research for Voit.  “Increasing occupancy will drive lease rates up, and ongoing demand for OC industrial space will fuel growth in sale prices as well.”

Industrial lease rates continue to rise in Orange County, according to Voit’s report. 

The average asking triple-net lease rate came in at $0.55 per square foot per month at the end of the first quarter - two cents higher than the market bottom of $0.53 seen in the first quarter of 2011.        

For a complete copy of the company’s news release and report, please contact:

 

Jenn Quader/ Judith Brower

Brower, Miller & Cole

(949) 955-7940

JQuader@browermillercole.com