| Historic Miramar Theater Property in San Clemente Sells for $7.9 Mil
Fortuitous Partners has acquired the historic Miramar Theatre property in San Clemente, in a recent $7.9 mil transaction. The asset, located at 1700 N El Camino Real, consists of 12.6k sf of improvements on a 26.7k sf site. ...
| Hampton Inn & Suites Irvine-Orange County Airport Refinanced with $33 Mil Loan
Orange County-based S3 Hotel Group has secured a $33.25 mil refi loan on its Hampton Inn & Suites Irvine-Orange County Airport, a 164-room, limited-service hotel in Irvine. The property is located at 2192 Dupont Dr, less than...
| OC Biz Park Trades in $21 Mil Deal
Anaheim Hills Business Center, a 154.6k sf, industrial and office business park in Anaheim, was acquired by Hamra Properties for $21.3 mil ($138/sf).
Built in 1988, the five-building campus located at 5100-5150 E. La Palma ...
| Rexford Industrial Realty Buys Three SoCal Industrial Assets
Rexford Industrial Realty has acquired three SoCal industrial properties in recent deals totaling $56.1 mil. The acquisitions were funded using cash on hand.With these deals, Rexford has now acquired over $850 mil of industri...
| Boardwalk Investments Group Obtains $110 Mil in Financing for CA Retail Portfolio Acquisition
Boardwalk Investments Group has landed $110 mil in acquisition financing for a 12-property portfolio of primarily Class A-anchored and high street retail property in Newport Beach, Laguna Beach, Yountville and Corona Del Mar,...
| Tustin Office Building Sells for $542/sf
A 66.8k sf, single-tenant office building in Tustin was acquired by a public GSA REIT for $36.2 million, which works out to $542/sf. The building, located at 14101 Myford Rd, was sold by a joint venture between Stockbridge, o...
| Anaheim Multifamily Asset Picked Up for $195k/Unit by Exchange Investor
A 32-unit multifamily property in Anaheim was recently acquired by a local investor for $6.21 mil, or about $195k/unit. The all-cash, off-market transaction was part of a 1031 exchange for the buyer.
The apartment complex, w...
| Rexford Buys 120k sf Facility in North Orange County
Rexford Industrial Realty Inc has acquired another SoCal industrial property, paying $27.6 mil for a 120.3k sf ($54/sf) facility in Brea. The acquisition was funded using cash on hand and the re-investment of proceeds from a ...
| Gadget Properties Acquires Industrial Property in Anaheim
Gadget Properties, a general contractor, recently purchased a 34k sf industrial building in Anaheim for $8.45 mil, or $248.50/sf.
The structure sits on a 1.85-acre lot at 1700 E. Winston Rd, within two miles of both the I-5...
| Anchored Retail Center in Upscale Laguna Beach Sells at Record Price per Square Foot
Aliso Creek Shopping Center, a 49.1k sf, fully-leased community shopping center in Laguna Beach, has traded hands. The property, situated on 4.2 acres at 30814-30936 Pacific Coast Hwy, just north of Wesley Dr, was sold by LaS...
| Los Angeles and Orange County Named Among Greenest Markets in the U.S. for Both Office and Multifamily
This report was provided by real estate services firm CBRE
Los Angeles and Orange County rank among the greenest markets in the country, according to the annual Office Green Building Adoption Index and inaugural Multifamily ...
| SoCal Investor Pays Over $400/sf for Single-Tenant Dialysis Clinic in Orange County
A 21k sf, single-tenant dialysis clinic in the City of Orange has sold for $8.8 mil, or $419/sf. The property, located at 1809 West Chapman Ave, is fully occupied on an absolute, triple-net lease basis by Fresenius Medical Ca...
| Harbor Associates Buys 175k sf OC Office Asset
Long Beach-based Harbor Associates has acquired Crown Cabot Financial Center, a six-story, 175.3k sf office building in Laguna Niguel. The multi-tenant building is located at 28202 Cabot Rd and is 87% occupied by 26 tenants i...
| OC Building Leased to Outback Steakhouse Sells for Over $1,000/sf
A 6.2k sf restaurant property net-leased to Outback Steakhouse in Garden Grove sold for $6.625 mil, or $1,068/sf. The property, built in 2001, is located at 12001 Harbor Blvd, north of the 22 Fwy at Chapman Ave, just three b...
| Res Development Site in Orange Goes for $5.5 Mil
A 65k sf, senior housing redevelopment site in the city of Orange sold for $5.5 mil, or $84.62 per square foot. The property is located at 1249 E Katella Ave, just west of the 55 Fwy.
The site included a two-story multi-tena...
| Harbor Associates Completes $80 Mil OC Office Buy
Harbor Associates LLC has acquired a two-property, Class A Orange County office portfolio totaling more than 365k sf in a transaction worth $80 mil ($219/sf). The new acquisitions include: Anaheim City Centre, a 10-story 195k...
| Meridian Spends $20 Mil on OC Medical Office Building
Meridian has acquired a two-story, 53.5k sf medical office building in Santa Ana for $20.35 mil ($380/sf). The company plans to invest an additional $5 mil in improvements to the building, situated on a 4.8-acre parcel at 360...
| Owner/User Pays $8 Mil for Newport Beach Office Building
A three-story, 21.7k sf office building in Newport Beach was purchased for $8.07 mil ($372/sf) by a local orthopedic and pain management practice. The buyer, Regenerative Institute of Newport Beach, plans to renovate and occu...
| Drawbridge Realty Acquires 169k sf of Aliso Viejo Office Space
Drawbridge Realty has purchased two corporate headquarters office buildings in Aliso Viejo. The Class A buildings, known as 4 and 5 Polaris, serve as the corporate headquarters for Quest Software and UST Global, respectively....
| OC Office Asset Trades at $282/sf
A three-story, 50.4k sf multi-tenant office building in downtown Anaheim sold for $14.2 mil, which works out to $282/sf. The asset is fully leased to nine tenants including MemorialCare, Guggenheim Partners, Arbor E&T (ResCar...