| Excelsior Partners Acquires 50k sf OC Creative Office Asset
In a recent OC office buy, Excelsior Partners paid $16.8 mil for Create Tustin, a 50.8k sf ($331/sf), creative office building in Tustin. The building, located at 2642 Michelle Dr, is fully leased to three tenants – Avid Bios...
| New Raising Cane’s Ground Lease in Orange County Acquired for $5 Mil
An LA-based private investor paid $5 mil for a 3.2k sf, new-construction, single-tenant Raising Cane’s Chicken Fingers quick-service restaurant with a drive-thru in Anaheim. The deal for the absolute NNN ground lease came in ...
| Multifamily Property Sale in San Diego Comes in at $284.5k/Unit
In a recent multifamily comp from San Diego, an 11-unit multifamily complex in the city’s Golden Hill neighborhood sold for $3.13 mil ($284.5k/unit). The 5.8k sf property sits on a 7.2k sf lot at 3087 A Street.
The property ...
| Space Investment Partners Spends $18.4 Mil on OC Retail Center
Space Investment Partners has purchased Westport Plaza & Square, a 39k sf, leasehold retail center in Costa Mesa, for $18.4 mil ($472/sf). The asset is located at 369 E. 17th St, in the heart of the city’s E. 17th Street reta...
| Investor Nabs 122k sf Portion of OC Regional Retail Center
A private investment entity purchased a 121.9k sf portion of Foothill Ranch Towne Center, a 1 msf master-planned regional retail center anchored by Walmart and Target in Lake Forest. The center, located at 36532 Towne Center ...
| Draftsmen & Craftsmen
A landmark, single-user building in Newport Beach’s Marina Lido Village has been completely redesigned for its occupant, business software company SAP, who will use the new space for its Southern California-based Innovation C...
| Stanton Road Capital Buys OC Office Tower
TriCentre, a 211.9k sf, office tower in the city of Orange, was acquired by Stanton Road Capital, a Los Angeles-based investment management firm. The price was not disclosed, although we’ve heard investor estimates of around ...
| Prologis Buys OC Retail Building on 12 Acres
Prologis purchased a 144k sf retail building in Anaheim. The building, which sits on a 12-acre lot, is occupied by Fry’s Electronics. The price was not disclosed.
Located at 3370 E. La Palma Ave, the property has been since ...
| LaSalle Investment Management Buys OC Medical Office Property
Newport Heights Medical Center (NHMC), a 60k sf medical office property in Newport Beach, was purchased by LaSalle Investment Management. Built in 2017, NHMC consists of two Class A buildings that are 100% occupied. The pric...
| OC Medical Office Asset Trades for $273k sf
Santa Ana - Tustin Medical Pavilion, a 17.6k sf medical office building in Tustin, sold for $4.8 mil ($273/sf). The building, located 17400 Irvine Blvd, traded without any concessions or repairs.
Santa Ana - Tustin Medical ...
| New 400-Bed Student Housing Project Completed at Chapman University
Construction has been completed on The K, a 401-bed, 123.6k sf student housing project for Chapman University in the city of Orange. The development was bult by R.D. Olson Construction.
Designed to reflect the historic charm...
| OC Multifamily PropertyAcquired in Exchange Buy for $331k/Unit
Myrtle Avenue Apartment Homes, a 16-unit multifamily property in Tustin, sold for $5.3 mil, or $331k/unit. Located at 15981 S. Myrtle Ave, the 17.7k sf property consists of nine two-bedroom/two-baths, two two-bedroom/two-bat...
| 2019 Senior Rental Housing Community in Westminster Trades for $71 Mil
HW Senior Living Apartments, a 310-unit independent living community in Westminster, CA, traded hands in a recent $71 mil ($229k/unit) transaction. The asset, located at 13920 Hoover St, was purchased by an experienced senior...
| OC Jack in the Box Trades for Record $1,374/sf
A 2.8k sf, single-tenant retail property fully occupied by Jack in the Box in Mission Viejo has sold for $3.79 mil, which works out to $1,374/sf, the highest price per square foot for a Jack in the Box-occupied asset in South...
| Two Apartment Buildings in Laguna Beach Fetch $6.6 Mil
Two apartment buildings in Laguna Beach were purchased by separate investors in deals totaling $6.62 mil. The properties have a combined 13 units.
The first property, located on a corner lot at 460 Cypress Dr, features nine ...
| Drawbridge Realty Spends $97 Mil on OC Office Campus
Drawbridge Realty has purchased Pacific Center, a 390.6k sf, two-building corporate office campus in Santa Ana, for $97.5 mil ($250/sf).
Located at 1600-1610 East Saint Andrew Place, west of the 55 Fwy and south of Edinger A...
| Freestanding Retail Building in Anaheim Goes for S127/sf
A 15k sf, freestanding retail building in Anaheim was purchased by a private investor for $1.9 mil, or $127/sf.
Built in 1961, the property sits on a 27.9k sf lot at 1672 W Lincoln Ave, within the North Orange County submark...
| Landmark Capital Advisors Recapitalized and Rebranded as Landmark Real Estate
Newport Beach-based Landmark Real Estate has recapitalized and rebranded the company, formerly known as Landmark Capital Advisors. The recapitalization includes a majority investment from Kraemer Land Company, a multi-generat...
| Optima Tax Relief Signs Renewal/Extension Lease in Santa Ana
Optima Tax Relief has agreed to a long-term lease renewal and expansion at Elevate@Harbor, an eight-acre office campus in the South Coast Metro submarket of Santa Ana. Optima, a tenant since 2012, will take an additional 2k s...
| Los Angeles and Orange County Rank as Two of the Top Markets for U.S. Net-Lease Investment in 2018
This report was provided by global real estate services firm CBRE
Los Angeles ranked 4th and Orange County ranked 13th among the top 20 markets in U.S. net-lease investment in 2018, according to a recent report from CBRE. I...