This targeted commercial real estate report focuses on the South Orange County submarkets of Rancho Santa Margarita, Lake Forest/Foothill Ranch, and San Clemente.
Download your free copy here….
As a small means of hope in these troubling times, we have curated and prepared a list of business resources with potential means of relief for those whose economic enterprises are in danger because of the Coronavirus pandemic (which seems to be an exponentially growing number of people every new day).
Service industry businesses have been obliterated essentially overnight, with the ripple to all businesses not far behind.
San Clemente, CA: The Emergency Shelter Coalition will steamroll the resounding “NO” vote from local business owners and proceed to close escrow on two combined 10-acre land parcels along Avenida Pico. The vote, tallied last month, determined if the land in question could be removed from the Rancho San Clemente Business Park Association’s covenants, conditions and restrictions. The resolution to remove failed to pass, with an overwhelming majority of approximately two “no” votes for every one “yes” vote.
After our original story was posted just over a week ago, we received an overwhelming response from the community. Many individuals were surprised or frustrated that an escrow had been opened with a homeless shelter operator without a public announcement. Others we spoke with were not aware their vote was needed before escrow can close. Multiple business park members even stated they had thrown their ballots away without realizing what was going on.