| Costa Mesa Multifamily Property Sells for Over $500k/Unit
The Wilson Townhomes, a 24-unit multifamily development in Costa Mesa, was purchased for $12.2 mil ($508.3k/unit) by a private investment group from nearby Newport Coast. Built in 1961, The Wilson Townhomes is located at 1032...
| OC Industrial Market Hits Record Low Vacancy Rate
Orange County’s industrial market experienced its lowest vacancy rate on record, as the ports of Los Angeles and Long Beach started operating around the clock to help alleviate bottlenecks and get goods out to warehouses. The...
| LPC West and TriGate Capital Buy 420k sf OC Office Campus
LPC West and TriGate Capital LLC have teamed up in the acquisition of The Square on Main, a 420k sf, Class A office campus in the City of Orange. A price was not immediately given out.
Located just east of I-5 at Main St and...
| Irvine Creative Office Property Sells for $15.6 Mil
7 Corporate Park, a 37.2k sf, creative office asset in Irvine, was acquired by an undisclosed private high-net-worth individual for $15.6 mil, or $419 per square foot.
7 Corporate Park is part of a five-building creative ca...
| Longpoint Realty Partners Purchases 37k sf Industrial Building in Anaheim
Boston-based Longpoint Realty Partners LP paid $11.6 mil for a 37.2k sf ($312/sf) industrial building in Anaheim. The property, located at 2929-2931 E. White Star Ave, was sold by Pharmachem Laboratories.
The R&D/flex buildi...
| Huntington Beach Retail Center Sells for $23.5 Mil
Goldenwest & Bolsa, a 63.3k sf shopping center in Huntington Beach, traded hands in a $23.5 mil ($371/sf) deal. The property covers six acres at 15031 Goldenwest St, at the high-traffic intersection of Goldenwest St and Bolsa...
| Commercial Financing Briefs
CBRE CAPITAL MARKETS - Nick Santangelo of CBRE Capital Markets’ Debt and Structured Finance arranged an $80.5 mil loan for the refinancing of 224 Logistics Park, an industrial facility in Milwaukie, OR. The loan was funded th...
| Lionstone Investments Buys Medical Office Property in Newport Beach for $125 Mil
Lionstone Investments acquired Newport Lido Medical Center, a 146.5k sf, two-building medical office complex in Newport Beach, in an all-cash deal. The property traded for $125 mil ($856/sf).
Located at 351 and 361 Hospital ...
| Interstate Equities Corporation Completes $205 Mil Res Buy in South OC
Interstate Equities Corporation has purchased The Bryant at Yorba Linda, a 400-unit, best-in-class multifamily community in South Orange County, in a transaction valued at $ $205.5 mil, or $514k per unit. Built in 1986, the p...
| Apparel Company Inks 40k sf Lease at CANVAS Campus in Costa Mesa
Outdoor apparel company 5.11 Inc has agreed to a lease for 39.7k sf of space at CANVAS, a 550k sf, creative office campus situated in the heart of Costa Mesa. Relocating from its current headquarters in Irvine, 5.11 Inc is a ...
| Hines’ Discretionary Fund Vehicles Close Three SoCal Acquisitions
Hines has closed three strategic deals in Southern California within the last 60 days, including two industrial and logistics assets and one retail redevelopment project. The transactions were made on behalf of Hines U.S. Pro...
| Holt Integrated Circuits Spends $10.5 Mil on South OC Office Property
Holt Integrated Circuits has purchased VIEW at 101 Columbia, a 38.2k sf, Class B office building adjacent to the San Joaquin Hills Corridor in Aliso Viejo, for $10.5 mil ($275/sf). Holt is an integrated circuits supplier for ...
| Anaheim Apartment Building Trades for $37 Mil
A San Jose-based private investor purchased Echo116, a 116-unit apartment community in Anaheim, for $37.25 mil ($321.1k/unit). The property, located at 1727 Glenoaks Ave, had multiple offers.
Built in 1969 and 1970, ECHO116 ...
| Brixmor Property Group Closes on 182k sf OC Shopping Center
Brixmor Property Group closed on the acquisition of an Orange County retail property, paying $85.7 mil for Brea Gateway Center, a 181.9k sf ($471/sf), top-tier grocery- and drug-anchored retail center in the Orange County cit...
| DJM Capital Completes $29 Mil OC Retail Buy
San Jose-based DJM Capital acquired Gateway Center, a 79k sf retail destination in Mission Viejo, for $39.5 mil ($500/sf). The purchase was financed with an acquisition loan of $28.9 mil.
Completed in 1979, Gateway Center is...
| Meridian Finishes Up Medical Office Conversion of 114k sf Irvine Building
Meridian has completed the conversion of a 114.2k sf, four-story Class A office building in Irvine into a 100% Class A medical office building. The building is situated on 4.8 acres at 114 Pacifica Ct, bordered by the Interst...
| MicroPort Scientific America Spends $40 Mil on Irvine HQ Property
MicroPort Scientific America Inc paid $40.23 mil for 16800 and 16802 Aston Street, two flex office/R&D buildings totaling 115.4k sf ($349/sf) and located in the Airport Area submarket of Irvine.
16802 Aston Street is a 65.1...
| OC Chipotle-Anchored Retail Pad Building Fetches $1,188/sf
A 6.9k sf, Chipotle-anchored multi-tenant retail pad in Foothill Ranch sold for $8.2 mil, or $1,188/sf. The building is located on just under on acre at 26592 Towne Centre Drive and is part of Foothill Ranch Towne Centre, a r...
| OC Medical Office Trade Tops $500/sf
Here’s a quick sales comp of a recent OC medical office building trade. A 34.2k sf facility in Aliso Viejo sold for $17.5 mil, or $512/sf. It was 62% leased at time of sale.
The building, located at 15 Mareblu, is also known...
| Rexford Industrial Realty Rings in the New Year with $270 Mil of End-of-Year Purchases
Rexford Industrial Realty closed out 2021 with the acquisition of eight industrial properties for an aggregate purchase price of $270 mil. The acquisitions were funded using cash on hand and proceeds from forward equity settl...