| Guthrie Development Spends $4.3 Mil on OC Industrial Property
Guthrie Development Company has acquired a 13.3k sf, multi-tenant industrial building in Fountain Valley for $4.3 mil ($323/sf). The property is located at 17330 Newhope St, west of Harbor Blvd and south of Warner Ave.
| OC Flex Office Facility Sells in $91 Mil Deal
A 120k sf, single-tenant flex office building in the Tustin sold for $91 mil ($758/sf). The facility sits on just under six acres at 1382 Bell.
1382 Bell offers two stories of Class A, flex office space with generous window ...
| Class B Office Building in Santa Ana Trades for $11.8 Mil
A 10-story, 107.2k sf office building in Santa Ana sold for $11.8 mil ($110/sf). The Broadway Building, located at 1600 N Broadway, is a Class B office building, built in 1970 and renovated in 2007.
In 2007, the structure u...
| Anaheim Apartment Building Trades for $354/Unit
A newly renovated, 16-unit garden-style multifamily community in Anaheim sold for $5.67 mil, or $354.4k/unit. Located at 2070 S Mountainview Ave, the complex is situated on nearly half an acre and consists of a single two-sto...
| OC Creative Office Campus Trades in $235 Mil Deal
In a major OC office buy, MetLife Investment Management and PGGM acquired Intersect, a four-building, 454k sf creative office campus in Irvine, for $235.25 mil ($518/sf). The property was sold by Hines. The purchase was finan...
| World Premier Investments Group Buys 220k sf OC Retail Center
A group led by World Premier Investments has acquired Fullerton Town Center, a 219.9k sf, grocery-anchored neighborhood retail center located at the intersection of Harbor Blvd and Orangethorpe Ave in the Central Orange Count...
| Dunleer Spends $13 Mil on Two SoCal Industrial Storage Properties
Dunleer has acquired two Industrial Outdoor Storage properties in deals totaling approximately $13 mil. The properties are located at 4404 W 1st Street in Santa Ana and 10027 Artesia Boulevard in Bellflower.
According to BJ ...
| Rexford Industrial Acquires Fullerton Hotel Asset for Industrial Redevelopment
Rexford Industrial acquired the seven-acre Hotel Fullerton property in Orange County for $45 mil. The property, located at 1500 S Raymond Ave, was sold by Huoyen International Inc.
Rexford Industrial will be demolishing the...
| Rockwood Capital Affiliate Picks Up 250-Unit Res Community in Costa Mesa
An affiliate of Rockwood Capital LLC has acquired 580 Anton, a five-story, 250-unit luxury apartment community in Costa Mesa. The property was sold by Legacy Partners. A price was immediately disclosed.
580 Anton features a ...
| Join RENTV and REJournals on July 26 for our 2022 Orange County State of the Market Conference
This in-person event will feature high-powered panels of top local executives and dealmakers discussing the Office, Retail, Industrial, Multifamily and Finance markets throughout the OC.
| South OC Industrial Asset Sells for Over $700/sf
Laguna Canyon Industrial, a two-building, 29.8k sf light industrial property in south Orange County, traded for $21.6 mil, or $724/sf. The buyer was an international high net worth investor.
The property is located at 2133-2...
| Chapman University Defeats UCI in NAIOP SoCal’s Inaugural OC Real Estate Challenge
Students from the George L. Argyros School of Business & Economics at Chapman University successfully competed against a team from the University of California, Irvine to develop a winning land use proposal for a site in Anah...
| South OC Retail Center Trades for Over $400/sf
La Paz Village, a 54.6k sf neighborhood shopping center in Laguna Hills, traded for $23.5 mil, or $430/sf. The center opened in 1974 and was refurbished in 2012. The tenant roster reflects the everyday living needs of the com...
| OC Industrial Trade Closes at $193/sf
In a recent OC industrial comp, Dunleer paid $4.71 mil for a 20-unit, 24.4k sf ($193/sf) property in Santa Ana. The asset is located at 2222 to 2308 W. 2nd St, east of Fairview St and north of 1st St.
Built in 1965, the asse...
| Two OC Apartment Comps Total Over $11 Mil
We’ve got two OC apartment sales to report, in separate deals totaling $11.1 mil. In one of the transactions, Palm Court Apartments, a 24-unit property in Buena Park, sold for $6.05 mil, or $252k/unit. In the other deal, Drif...
| MG Properties Buys 215-Unit OC Res Property
MG Properties has purchased The Herald Apartments, a 215-unit, Class A multifamily property in Placentia. The price was not given out.
Built in 2021, The Herald Apartments is located at 150 E. Crowther Ave. The strong demog...
| Anchor Health Properties Spends $27.6 Mil on Irvine Medical Office Property
Anchor Health Properties has purchased Woodbridge Square Medical, a two-story,36.1k sf multi-tenant medical office building in Irvine, for $27.6 mil, or $765/sf. Located at 4980 Barranca Pkwy, the building was sold by Bourest...
| Chapman University and UC Irvine Graduate Real Estate Teams to Face Off in First Ever NAIOP SoCal OC Real Estate Challenge
For the first time ever, NAIOP SoCal will hold an OC Real Estate Challenge between graduate student teams from the Chapman University Argyros School of Business & Economics and the University of California, Irvine Paul Merage...
| South OC Flex Building Sells for $280/sf
In a recent flex sale comp out of south Orange County, a 40k sf flex building in Aliso Viejo sold for $11.2 mil ($280/sf). The building is located at 81-91 Columbia, adjacent to Aliso Viejo Pkwy and Aliso Creek Rd.
For 30 y...
| SoCal Office Markets Seeing Flight to Low-Mid-Rise Buildings
This report provided by NAI Capital Commercial
As tenants renewing leases question what type of space and how much they’ll truly need, a flight to low-mid-rise office building space is playing out in Southern California mark...