| Investment Venture Pays $383/sf for OC Office Asset
A joint venture between Greenlaw Partners and Hilrod paid $59.8 mil for 4400 MacArthur, a nine-story, Class A office building totaling 156.3k sf ($383/sf) of space in Newport Beach The property, which is located within the ma...
| OC Multifamily Remains Strong with a Vacancy Rate of Just 4.1%
The multifamily housing market in Orange County remained very strong in the second quarter of 2017, maintaining high occupancy while the average asking rent continued to rise. According to NAI Capitalís just-released Multifam...
| LA Investor Picks Up Fee Interest in 73k sf OC Neighborhood Center
An LA-based private investor paid $18.5 mil for the fee interest in Anaheim Lincoln Shopping Center, a 73k sf neighborhood shopping center in Anaheim. The deal came in at 1.37% cap rate on the 2016 ground rent. The seller was...
| Primary Color Systems Corp Leases 187k sf OC Facility
Primary Color Systems Corp inked a 10-year lease for a 187.5k sf facility in Cypress that the firm intends to use as its corporate HQ. The lease value was not given out.
The property, located at 11130 Holder St, is a high-im...
| Five Point Holdings-Led Venture Obtains New Financing of $339 Mil on Irvine Biz Campus
A Five Point Holdings LLC entity has obtained $339 mil of new financing for Five Point Gateway, a four-building office/R&D campus in Irvine. Five Point Holdings, which holds a majority of the equity interest in the property i...
| Three 99 Cents Only Stores Fetch 1,240,000,000 Cents
A trio of 99 Cents Only stores, located in the Greater LA area cities of Walnut Park, Huntington Park, and Hawthorne, traded hands in deals totaling $12.4 mil, more than $170k above the list prices. The store in Walnut Park w...
| Affordable Housing Project in Fullerton Gets Underway
Related California has begun work on a 55-unit affordable housing project in Fullerton. The multifamily apartment complex, the firmís fourth affordable housing project, is being built by R.D. Olson Construction.
The project ...
| Draftsmen & Craftsmen
Construction has been completed on the Newport Beach Country Club, a 65k sf, two-level development by International Bay Clubs LLC. The $50 mil project was built by C.W. Driver Companiesí affiliate Driver SPG, an arm that spec...
| OC Two-Tenant Retail Building Goes for $1,357/sf
A 4.2k sf, two-tenant retail building occupied by Dunkiní Donuts/Baskin Robbins Drive-Thru and MOD Pizza in Foothill Ranch sold for $5.7 mil ($1,357/sf). The property, located at 26722 Portola Pkwy, is part of Foothill Ranch ...
| OC Multifamily Property Purchased for $6.75 Mil by Exchange Investor
Restoration Enhancement in Metropolitan Communities has acquired Williams Senior Apartments, a 28-unit multifamily property in the city of Brea, for $6.75 mil, or $241k/unit.
Williams Senior Apartments, located at 212 South...
| Garden Grove Warehouse Facility Trades in $27 Mil Deal
Monarch Industrial, a multi-tenant, 276.6k sf warehouse facility in Garden Grove, was purchased by Penwood Real Estate and Western Realco in a recent $27 mil ($98/sf) transaction. The property is fully occupied by four tenant...
| Sacramento Ranked 10th on CBRE List of Tech Talent Momentum Markets
Sacramento ranked #10 on CBREís list of tech talent momentum markets, a measurement of the change in tech job growth, as part of its fifth annual Scoring Tech Talent Report.
The report finds that tech job growth gained mome...
| OC Starbucks Trades at 3.48% Cap Rate
A newly developed, 1.8k sf single-tenant, triple net-leased retail property in Lake Forest that is occupied by Starbucks Coffee with a drive-thru sold for $2.48 mil ($1,378/sf). The property is located at 20451 Alton Pkwy, w...
| Easterly Government Properties Buys 327k sf, OC Medical Office Building Fully Leased to the VA
Easterly Government Properties has acquired a three-story, 327.6k sf Class A medical office building in Loma Linda. Although we donít have the sale price, we can tell you the purchase was financed with a loan of $127.5 mil.
| OC Biz Park Traded in $8.5 Mil Deal
Betty L. Davies Family Limited Partnership has purchased Orangewood Business Plaza, a three-building, 49.9k sf industrial business park in Orange. The transaction came in at around $8.5 mil and was financed with a $3.9 mil ac...
| Exchange Investor Spends $10.8 Mil on OC Retail Asset
In a recent retail buy out of Orange County, Cathy Investments LLC purchased Seagate Plaza, a 30.2k sf, shopping center in Huntington Beach, for $10.8 mil ($358/sf). The property, located at 16031Ė16107 Bolsa Chica St, is 100...
| Final Building at Santa Ana Biz Campus Sells for $252/sf
WTW Properties LLC paid $3.3 mil for a 13.1k sf ($252/sf) building in Santa Ana. The facility, located at 154 E. Warner Ave, represents the final building at Brookhollow Freeway Showroom Center, an 87.6k sf, multi-tenant reta...
| Phase I of FLIGHT at Tustin Legacy Ready to Go with $141 Mil in Financing
Lincoln Property Company and Alcion Ventures have obtained $141.6 mil in financing for the construction of Phase I of FLIGHT at Tustin Legacy, a 470k sf creative office campus located in Tustin. The three-year construction lo...
| OC Office Property Trades for $27.5 Mil
Spectrum Tower, a 113.5k sf office property in Laguna Hills, was purchased by Monday Properties for $27.5 mil ($242/sf). The building is located at 23046 Avenida De La Carlote, amidst an area that is home to 22 major retail c...
| Office Building in Cypress Sells for $24 Mil
Uniwell Corp has acquired Cypress Crossroads, a 106.3k sf office building in Cypress, for $24 mil ($226/sf). The multi-tenant property was sold by Dornin Investment Group, who purchased the asset in 2014 as a lender-owned, va...