| TruAmerica Multfamily Acquires 264-Unit Value-Add Asset in Huntington Beach
TruAmerica Multifamily has acquired Pacific Shores, a 264-unit apartment community in Huntington Beach, for $90.5 mil, or $343k/unit. The property, located at 7701 Warner Ave, west of the 405 Fwy, was sold by affiliates of UD...
| OC Residential Property Picked Up by 1031 Exchange Investor in $8 Mil Deal
A 1031 exchange investor paid $7.95 mil for Athens Circle Apartments, a residential property in Buena Park that consists of 41 apartment units and two single-family homes.
The apartment complex, located at 7800-7900 Athens C...
| Lincoln Property Company Redeveloping Los Alamitos Biz Property
Lincoln Property Company has begun construction on an overhaul of Katella Office Campus, a 150k sf office property on 9.6 acres next to Los Alamitos City Hall. Lincolnís renovations will bring new life to two buildings constr...
| OCís Airport Business Center Refinanced with $170 Mil in Funding
The Koll Company has obtained $170 mil in new financing for Airport Business Center, an office/flex industrial park in Irvine. The loan was split into a $150 mil senior loan awarded to Wells Fargo, with a real estate debt fun...
| Three Recent Leases Total Over 100k sf of Space at SoCal Facilities Owned by BLT Enterprises
Three firms have inked leases for industrial facilities in SoCal owned by BLT Enterprises, in deals totaling over 106k sf of space. The buildings have been leased to three global companies with very specific requirements, acc...
| OC Retail Center Goes for $800/sf
Baker Ranch Center, a newly developed, 6k sf retail center in Lake Forest, sold for $4.82 mil, or about $800/sf. The property is 100% NNN-leased to four tenants: Tenko Sushi & Teriyaki; Ameci Pizza; Sage Nail Lounge; and Shee...
| Westlake Village Office Property Trades in $12 Mil Deal
In an office investment sales comp out of the Conejo Valley, Abington Emerson Investments LLC paid $12 mil for a 60.5k sf ($198/sf), multi-tenant building in Westlake Village. The seller was a private investor.
The property ...
| Kearny Real Estate Company Picks Up 197k sf OC Office Asset
Kearny Real Estate Company has acquired Elevate@Harbor, a 197.4k sf office campus in Santa Ana, for $34.8 mil, or $176/sf. The property was sold by The Colton Company.
The newly named Elevate@Harbor includes two mid-rise bui...
| OC Medical/R&D/Office Building Trades for $330/sf
An investment buyer that included multiple Sherry Family Trusts acquired a 41.5k sf medical R&D/office asset in Aliso Viejo for $13.7 mil ($330/sf). The building is fully-leased to Ambry Genetics, a leading provider of clini...
| Huntington Beach Retail Asset Sells for $482/sf
CVS Beach Garfield Center, a 31.1k sf neighborhood retail property anchored by CVS/pharmacy in Huntington Beach, has sold for $15 mil ($482/sf) in an off-market transaction. The asset, located at 18872 to 18922 Beach Blvd, wa...
| IEC Buys 400-Unit Multifamily Asset in Orange County
In a recent OC multifamily buy, Interstate Equities Corporation (IEC) has purchased Surf at 39, a 400-unit value-add multifamily asset in Huntington Beach, for $134 mil, or $335k per unit. The acquisition was on behalf of the...
| Welltower Inc Acquires Developerís Interest in OC MOB Project
In recent development financing activity out of Orange County, HFF closed the partial interest forward sale and arranged the full capital stack of joint venture equity and financing for the construction of the ground up devel...
| Kort & Scott Financial Group Acquires Leasehold Interest in Brea Manufactured Housing Community
Kort & Scott Financial Group has landed a $30 mil Fannie Mae adjustable-rate loan for the acquisition of a leasehold interest in Crestmont Mobile Estates, a 289-space manufactured housing community (MHC) located 33 miles sout...
| CB Global Investors Spends $120 Mil on OC Office Tower
CB Global Investors completed a $120 mil office acquisition, picking up 2600 Michelson, a 16-story, 311k sf ($386/sf) tower in Irvine. The Class A trophy property is 99% occupied with major tenants including Loan Depot, Jaco...
| Hines Completes $25 Mil Redevelopment of Irvine Campus
Hines recently wrapped up work on a $25 mil redevelopment project at Intersect, the four-building, 436k sf office campus situated in the heart of Irvine's Airport Area. The extensive capital renovation, designed by IA Interio...
| New Industrial Facility in North OC Sells for $180/sf
Brad Rambo and Associates paid $32.5 mil for a new, 181k sf ($180/sf) industrial building in Fullerton. The property was sold by Western Realco.
Built in 2017, the Class A building is located at 4150 West Palm St, east of Ha...
| Rexford Industrial Realty Closes Out 2017 with a $63 Mil SoCal Portfolio Buy
Rexford Industrial Realty purchased a four-property, 416.8k sf industrial portfolio for approximately $62.7 mil. The acquisitions were completed during the fourth quarter of 2017 and were funded using cash on hand, draws on t...
| City of Orange Approves Latest Developments at Chapman University
Chapman Universityís latest development project has been approved by the City of Orange. The project includes a new 402-bed student apartment building for upperclassmen alongside the adaptive reuse of one of the most valuable...
| Mixed-User in Anaheim Picked up in $46 Mil Deal
A partnership between Pendulum Property Partners and Long Wharf Capital LLC has acquired Stadium Crossings, a 165k sf, mixed-use property in Anaheim. The property, located at 2005-2105 East Katella Ave, at the intersection wi...
| SAVE the DATE => January 24 is RENTV's Orange County State of the Market Conference
Here's your chance to hear and mingle with some of Orange County's leading dealmakers as they share their insight on the office, industrial, retail and multifamily markets at RENTV's upcoming State of the Market conference f...