|
Advanced Real Estate Closes Out 2023 with $234 Mil OC Multifamily Buy 12/29/23 Advanced Real Estate closed out the year with the purchase of a 714-unit multifamily community in Orange County in what we’re told stands as the largest single apartment property to sell in Southern California in all of 2023....
|
Chevron is Seeking Sites in Orange County and Riverside County 12/29/23 Site Criteria:
• Pad Size: Approximately 35k sf – 85k sf (0.75 to 2 Acres)
• Demographics: Medium to high density housing or planned growth
• Traffic Volume: Potential of 40,000-50,000 CPD
• Location: Out-parcel near ...
|
Owner/User Pays Over $500/sf for Irvine Building 12/28/23 E&N Highpoint LLC has acquired a two-story, 6.2k sf flex/R&D building in Irvine for $3.21 mil ($518/sf). Built in 2007, the building is located at 16150 Scientific Way, in the heart of the Irvine Spectrum submarket.
The prop...
|
Santa Ana Industrial Asset Sells for Just Under $5 Mil 12/27/23 JA Roberto Investments has acquired two industrial buildings totaling 27.4k sf on 1.06 acres at 800-808 East Washington Ave in Santa Ana for $4.95 mil ($181/sf).
800-808 East Washington Ave has immediate access to the 5, 55...
|
OC Grocery-Anchored Center Trades 12/21/23 Buena Park Place, a grocery-anchored, 208.6k sf shopping center located in the OC city of Buena Park, was acquired by an unnamed private investor. The seller was SITE Centers Corp.
Built in 1961 and renovated in 2016, the 10...
|
LA Investor Pays $292/sf for OC Biz Park 12/21/23 Harbor Warner Business Center, a 38.6k sf, industrial multi-tenant business park in Santa Ana, was purchased by a private investment fund in an $11.275 mil ($292/sf) transaction. The asset was sold by Rexford Industrial Realt...
|
Garden Grove Office Building Trades for $188/sf 12/15/23 Garden Grove Plaza, a 64.5k sf office building in Garden Grove, sold for $12.12 mil ($188/sf). The buyer was the City of Garden Grove.
The five-story glass-and-steel office building is situated on just over two acres at 1296...
|
Tabani Group Spends $16.7 Mil on OC Retail Asset 12/14/23 Tabani Group paid $16.7 mil for Bristol Marketplace, a 107.7k sf retail property in Santa Ana. Bristol Marketplace is comprised of a 99.8k sf, two-story Kohl’s (dark) and adjacent shop space. The offering presented investors ...
|
Sudberry Properties Breaks Ground on Fourth Res Project within 230-Acre Civita Community in Mission Viejo 12/13/23 Sudberry Properties has broken ground on The Brynn, a 200-unit luxury apartment development with extensive amenities on 3.3 acres. The project is the fourth apartment neighborhood within the 230-acre Civita community in Missi...
|
Don't Miss RENTV's 2024 OC State of the Market Conference 12/06/23 RENTV's 2024 Orange County State of the Market Conference will be held on Thursday, March 21st at Irvine Company's Venue event facility, part of the firm's Spectrum Terrace office complex in Irvine.
|
Huntington Beach Multifamily Property Sells for Just Over $7 Mil 12/05/23 Tropicana Apartments, a 21-unit multifamily community in Huntington Beach, was purchased by a private, all-cash buyer in a $7.05 mil ($337.7k/unit) transaction. We’re told this was the largest apartment transaction in downtow...
|
Hanley Investment Group Raises Over $33k for Movember 12/05/23 Hanley Investment Group Real Estate Advisors raised $33,639 for Movember in the month of November. This marks the 13th consecutive year that Hanley Investment Group has joined the global movement to raise awareness and critic...
|
Santa Ana Office Tower Trades 12/04/23 3 Hutton Centre Drive, a 10-story, 200.4k sf office building in Santa Ana, was acquired by an all-cash, high-net-worth investor. The price was not immediately given out.
Situated on 2.47 acres within a greater 46-acre master...
|
UCLA Team Wins NAIOP SoCal’s Annual Silver Shovel 11/22/23 Due to its winning presentation “Legacy Ranch,” the five member graduate student team from UCLA took home the silver shovel as the winner of the NAIOP SoCal USC vs. UCLA Real Estate Challenge.
This year’s event, held Novemb...
|
Two OC Multifamily Trades Total $7.6 Mil 11/21/23 Here’s an update on two OC multifamily properties totaling 24 units that sold in separate transactions with a combined price of $7.61 mil.
In one of the deals, a 16-unit multifamily property located at 1801 and 1809 East Wil...
|
Guardian Litigation Group Leases 15k sf of Office Space in Irvine 11/15/23 Guardian Litigation Group LLP has signed a lease for 15.4k sf of office space at Fitch Technology Center in Irvine. Guardian Litigation Group is an Orange County-based multi-jurisdictional law firm providing estate planning, ...
|
Law Firm Pays $495/sf for Irvine Office Building 11/08/23 A 9.1k sf office building in Irvine sold to a local law firm for $4.5 mil ($495/sf). The one-story building is located at 17631 Fitch, on the northeast corner of Fitch and Cowan.
Built in 1980, the property has low-rise feat...
|
Mullen Automotive Leases 121k sf OC Industrial Facility 11/08/23 In a recent OC industrial lease, Mullen Automotive inked a deal for a 121.6k sf facility at 1500 East Walnut Ave, north of the 91 Fwy and west of the 57 Fwy.
The Class A industrial building is on 5.41 acres of land in south...
|
Garden Grove Multifamily Property Sells for $287k/Unit 11/07/23 A 10-unit multifamily property in Garden Grove sold for $2.875 mil, or $287.5k/unit. This marks the first time the property was listed for sale in over 60 years.
Located at 11821 Stuart Drive, this two-story apartment buildi...
|
MIG Real Estate Pays $30 Mil for 100k sf OC Biz Park 11/07/23 MIG Real Estate has acquired Mission Viejo Business Center, a 100.3k sf industrial business park in Mission Viejo. The price was $30.3 mil, or $302/sf.
Mission Viejo Business Center consists of six multi-tenant industrial di...
|