Feb 06, 2017 Karen Jordan, Bisnow Los Angeles
Rents may be on the rise statewide, but when it comes to finding a bargain among California cities, Orange County is among the most reasonable, according to research from JLL.
The firm’s senior vice president and national director of research, Patricia Raicht, said Orange County costs are lower in terms of office space, but also employee salaries and cost of living are comparatively lower in the OC, making it a very competitive option for companies that want to locate on the West Coast.
JANUARY 19, 2017 | BY CARRIE ROSSENFELD
ALISO VIEJO, CA—Quality office space is no longer an afterthought for many larger users, and they use their office space to create the sense that they want their employees to have the best, Stillwater’s John Drachman tells GlobeSt.com. Click here to continue reading
Stillwater Investment Group, in a joint venture partnership with CrossHarbor Capital Partners, purchased a three-building office campus in Aliso Viejo. Located at 26600, 26650, and 26700 Aliso Viejo Pkwy, the 161k sf property was acquired for $36 mil ($224/sf). Click here to continue reading.
REAL ESTATE: Gets 3 buildings, 161,000 SF in Aliso Viejo for $36M
Monday, January 2, 2017
A local investor has acquired the QLogic Corp. campus in Aliso Viejo and is planning to rebrand the site in preparation of the networking products maker vacating the three-building property this year.
Irvine-based Stillwater Investment Group—an investor in office, industrial, apartment and retail properties that began operations in 2014—recently completed the purchase of the QLogic campus on Aliso Viejo Parkway.
The campus totals about 161,000 square feet, and the deal includes about 2.5 acres of excess land that could hold additional development.
Stillwater and its financial partner in the deal, CrossHarbor Capital Partners in Boston, paid about $36 million for the property, according to Stillwater’s founder John Drachman.
The deal works out to a price of about $223 per square foot for the buildings, which were built in 1999.
A $5 million renovation of the common spaces at the World Trade Center in downtown Long Beach is intended to update the office tower from a 1980s look to something that will “appeal more to the future office worker.”
That’s the word from Rick Shlemmer, principal of SAA Interiors + Architecture, the Culver City-based firm hired to give the 27-story building’s public-facing areas a new look. Continue Reading
2016 Real Estate Challenge with Connect Media
Posted on December 5 2016 by NAIOP SoCal
Connect Media’s Daniel Ceniceros gets the inside scoop on the 2016 Real Estate Challenge with Real Estate Challenge committee member John Drachman (Stillwater Investment Group) and Chris Jackson (City of Inglewood), 2016 Real Estate Challenge Project Sponsor. Click here to watch!
What does Long Beach have to offer? Plenty, according to developers at Bisnow’s recent Future of Long Beach event.
Long Beach’s fabulous amenities are helping put the city on the map, Sares-Regis Group president Christopher Payne told Ocean West principal Russ Allegrette, Ratkovich Properties president Cliff Ratkovich, JLL SVP George Thomson, Stillwater Investment Group president John Drachman, Farmers & Merchants Bank of Long Beach VP Anand Chokshi, and the more than 325 real estate professionals who attended. Anand, our moderator (far right), said he has heard comments about how Long Beach prices are a bargain and asked panelists to share their insights.
NEWPORT BEACH, CA – May 18, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $26.1 million in acquisition financing for The Lakes at West Covina, a two-building, 176,843-square-foot, Class A office campus in the City of West Covina in the San Gabriel Valley, east of Los Angeles.
HFF worked on behalf of the borrower, a partnership between Stillwater Investment Group, Greenlaw Partners and CrossHarbor Capital Partners to secure the acquisition financing through Suntrust Bank. The floating-rate loan has a three-year initial term and is non-recourse.
To read more click here
Personal connections have been key to John Drachman entering the commercial real estate industry and establishing his own business. A recipient of NAIOP’s 2015 Developing Leaders Award, Drachman has been a NAIOP member since 2007, serves as co-chair of the Property Investment Perspectives National Forum, and is a member of the Industry Trends Task Force and the National Forums Advisory Committee. In his role as the president/founder of Stillwater Investment Group, he is responsible for the firm’s investment and asset management activities. During his career, he has successfully executed over $350 million of value-add and opportunistic real estate acquisitions and has led the asset management efforts on a portfolio of properties with a net worth of over $750 million. Read on for more about what drives and inspires this remarkable Developing Leader.
Orange County Office Experts Share 2016 Outlook at RENTV’s State of the Market Conference 2/09/16
The office market session at RENTV’s recent Orange County State of the Market Conference on January 28 at the Hilton Airport in Irvine boasted an all-star panel of industry experts, including: John Drachman, President at Stillwater Investment Group; Rob Rader, Vice President at Wind Water Realty; K.C. Scheipe, Managing Director at Eastdil Secured; Drew Huffman, Associate at Hines; and the moderator, Anthony DeLorenzo, First VP at CBRE. Read More