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August 17, 2019
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ORANGE COUNTY NEWS
Archive
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• Panattoni Development Starts Work on 232k sf OC Industrial Development
6/05/18
Panattoni Development Company Inc has just broken ground on Orange County Commerce Center, a four-building, 232k sf industrial project situated at the border of Anaheim and Placentia. Panattoni is developing this property in ...
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• Mark Moshayedi and Ryan Gallagher Form Space Investment Partners
5/31/18
Mark Moshayedi and Ryan Gallagher have joined forces to launch Space Investment Partners, an Irvine-based commercial real estate operating company. Space Investment Partners, a fully-integrated real estate investment, develop...
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• Merlone Geier Partners Spends $30 Mil on Value-Add OC Retail Buy
5/30/18
Merlone Geier Partners has acquired College Plaza Shopping Center in Fullerton from a private investor for $29.7 mil. The 77.3k sf retail property is located at 2400-2520 East Chapman Ave, just west of the 57 Fwy. Constructe...
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• 60-Year-Old Apartment Property in Costa Mesa Sells for $400k/Unit
5/23/18
Casa Del Mar, a 16-unit apartment building in Costa Mesa, was purchased by a local syndication investor and management company for $6.4 mil, or $400k/unit. The property, located at 147 East 18th St, just east of the 55 Fwy by...
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• Premier Business Centers Hires Michael Pollack as Vice President/Director of Real Estate
5/21/18
Michael Pollack has been named Vice President, Director of Real Estate for Premier Business Centers, the Irvine-based flexible workspace operator. Pollack will be handling all new location acquisitions and renewals, as well ...
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• Cypress Development Site Sells for $2.4 Mil
5/16/18
A 34.8k sf, mixed-use development site in Cypress sold for $2.4 mil ($69/sf). The property is located at 6072 and 6076 Lincoln, south of the 91 Fwy and just east of Valley View St. The property is within walking distance to ...
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• Harbor Associates and The Bascom Group Spend $37 Mil on Two SoCal Office Properties
5/16/18
Harbor Associates LLC and joint venture partner The Bascom Group LLC have acquired two CA office buildings, in Los Angeles and Del Mar, in separate transactions totaling $37.4 mil. The two properties have a combined 114k sf o...
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• Pacific Industrial Closes $33 Mil OC Industrial Buy
5/15/18
In recent industrial investment news out of Orange County, Pacific Industrial paid $33 mil for a two-building, 157.2k sf ($210/sf) industrial property situated immediately adjacent to John Wayne Airport in Costa Mesa. Pacific...
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• OC Industrial Portfolio Trades in $23 Mil Transaction
5/14/18
Duke Realty acquired Northpoint Commerce Industrial Park Portfolio, a two-building, 119.4k sf industrial portfolio in Fullerton, for $22.8 mil ($191/sf). The Class A properties were sold by a private seller that was advised b...
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• Newport Beach Office Asset Traded for Over $10 Mil
5/14/18
BLD Ventures LLC purchased a 25.9k sf office building in Newport Beach for $10.5 mil ($405/sf). The building is located at 20377 SW Acacia St, southwest of the 73 Fwy off Irvine Ave. Brian Garbutt of Lee & Associates Irvine ...
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• Tustin R&D Property Goes for $122/sf
5/08/18
Pacific Tustin Commercenter, a 69.9k sf, industrial/R&D flex property in Tustin, sold for $8.5 mil, or $122/sf. The Class A, multi-tenant building is located at 1421-1481 Edinger Ave, at the signalized corner of Edinger and R...
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• Hines-Led Venture Secures $144 Mil in New Financing on Irvine Office Complex
5/08/18
A joint venture between Hines and a leading global investment management firm has secured $144 mil in new financing on Intersect, a four-building, 452.2k sf office campus they own in Irvine. The Class A, mid-rise complex is l...
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• American Realty Advisors Buys 144k sf OC Industrial Facility
5/07/18
American Realty Advisors has acquired a 143.9k sf, newly constructed industrial asset in North Orange County, California. The property, located at 1730 South Anaheim Way in Anaheim, was sold by a joint venture between Batchel...
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• Costa Mesa Multifamily Trades for $33 Mil
5/02/18
The Bascom Group LLC has acquired Sunset Cove Apartments, a 123-unit infill apartment community in Costa Mesa. The purchase price was $33.3 mil, or around $271k/unit. Built in 1970, Sunset Cove provides immediate access to m...
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• Bassman Blaine Spends $7.6 Mil on OC HQ Building
4/30/18
Bassman Blaine has purchased a 20.8k sf office property in Irvine for $7.6 mil ($365/sf). Currently based in Costa Mesa, Bassman Blaine provides a hands-on experience in all facets of interior design and the home furnishings ...
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• Exchange Investor Pays $4 Mil for La Habra Strip Center
4/25/18
A Los Angeles-based private investor purchased an 18.5k sf, multi-tenant value-add strip center in La Habra for $4 mil ($216/sf). The property is located at 301-339 N. Harbor Blvd, at the signalized intersection of N. Harbor ...
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• Prologis Buys South OC Property for $55 Mil
4/24/18
Prologis Inc, the global industrial REIT, recently completed an acquisition in south Orange County, paying $55.37 mil for a 307.8k sf ($180/sf), Class A industrial property in Foothill Ranch. The warehouse and distribution b...
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• OC Activity Update from Irvine-Based ValueRock Partners
4/23/18
In the latest news from Irvine-based ValueRock Realty Partners, the firm has acquired a 41.1k sf Best Buy in Irvine, closed a new lease for 71k sf with Floor & Décor in Mission Viejo, and begun construction on a Marriott Spri...
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• OC Medical Office Property Secured with $42 Mil in Financing
4/20/18
HFF arranged $42.34 mil in financing for Brea Imperial Center, a two-building medical office/office complex totaling 194.3k sf in Brea. The loan was secured on behalf of HPA Growth Fund and its representative, Healthcare Prop...
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• Chuze Fitness Takes 45k sf Anaheim Space
4/16/18
Chuze Fitness has inked a 10-year lease for 44.8k sf of space in Anaheim. Chuze is currently underway on its interior build out and plans to open its door later this month. Located at 121 N. Beach Blvd, the Chuze Fitness wi...
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