Mortgage Firms Turn Back 1 Million Square Feet of Office Space in Orange County, CA
August 4, 2006
Industry consolidation is more than firms merging and people losing their jobs. It also means lenders have to manage shifting office space needs which can cost tens of thousands of dollars should a property lease deal go sour. While national mortgage firms have leased substantial office space in a number of cities, Orange County, CA, is something of a lender mecca.