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Tustin Legacy
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Tustin Legacy

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KPRS is proud to partner with Regency Centers on their new retail center, The Village at Tustin Legacy located on the former Marine Corps Air Station in Tustin. 1dx_0172 KPRS, along with Regency Centers and Architects Orange recently broke ground at The Village at Tustin Legacy, ...
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Revised Site Plan
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The largest contributor to Fitch expected losses is the District at Tustin Legacy loan (9.8% of the pool), which is secured by 521,695 square feet (sf) of a 983,976 sf retail center in Tustin, CA. Major tenants include Target, Whole Foods, TJ Maxx, and an AMC Theater. Non-collateral anchors are Costco and Lowes. Best Buy, which leases 30,000 sf of the collateral (or 5.8% of the net rentable area [NRA]) through January 2018, had vacated the property in 2012; the space is currently subleased to AKI-Home Furnishing. The December 2015 rent roll reported the property 99% leased. Despite the high occupancy since issuance, the property's net operating income (NOI) has performed lower than expected, as rental rates and reimbursements remain below underwritten levels. Based on the servicer reported year end (YE) 2015 operating statements, the NOI debt service coverage ratio (DSCR) reported at 1.03x compared to 1.01x for YE 2014, and 1.08x for YE 2013. The loan remains current as of the January 2016 remittance.

http://www.businesswire.com/news/home/20160203006590/en/Fitch-Downgrades-2-Distressed-Classes-LB-UBS-2007-C7
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News: Construction starts on new Tustin Army Reserve Center | center, army, reserve, tustin, new, city, land, construction, lindsey, west
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TUSTIN The first day of school was fast approaching, yet Heritage Elementary Principal Beth Rabel Blackman was still hammering out basic logistics.
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Centered at the core of Orange County’s new 1,600-acre masterplanned Tustin Legacy community, The Village at Tustin Legacy will provide a much-anticipated destination for daily needs, dynamic dining and desired services. http://brokerjulie.com/promo/the-village-at-tustin-legacy/
Centered at the core of Orange County's new 1600-acre masterplanned Tustin Legacy community, The Village at Tustin Legacy will provide a much-anticipated destination for daily needs, dynamic dining and desired services. Site Location. Built to serve the diverse and burgeoning population ...
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769,000 square feet of new office space coming to Tustin Legacy in Orange County! Construction is expected to start later this year.
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News: Transitional kindergarten part of plan at Heritage Elementary | school, heritage, elementary, district, tustin, principal, open, blackman, years, students
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