| Caribou Industries Looking to Start Major Office Redevelopment within the Santa Ana Opportunity Zone
Santa Ana-based Caribou Industries has announced plans for a 1.7 msf office development at the former Orange County Register building called 625IVE, and One Broadway Plaza, within the Santa Ana Opportunity Zone. Caribou has e...
| OC Power Center Signs Four New Retailers
There have been four new leases totaling 12.8k sf at Brea Union Plaza, a 1.2 msf, 42-acre power center in Brea. Anchor tenants at the center, which was built in 1999 and is located at 315-2595 E. Imperial Hwy, include Nordstr...
| SteelWave and Invesco Begin Im-Press-Ive Redevelopment of Former L.A. Times Campus in Costa Mesa
Construction has started on The Press, a reinvention of the former LA Times Orange County printing press warehouse and press room into a reimagined creative work campus and proposed food hall. The 420k sf campus, located at 1...
| Commercial Real Estate Financing Briefs
AVISON YOUNG - Jay Maddox and Peter Sherman with Avison Young arranged a $29 mil loan on behalf of Mega Home LLC to refinance the construction and sell-out of a partially completed 80-unit condominium project located in Los A...
| L.A. Investor Buys Ground Lease on OC Red Robin
The ground lease to a single-tenant restaurant property occupied by Red Robin in Garden Grove was purchased for $3.45 mil by a Los Angeles-based, private investor in an all-cash deal. The property is located at 12007 Harbor B...
| BKM Capital Partners Closes on Third of Three Recent Light Industrial Portfolio Buys that Total Over $138 Mil
BKM Capital Partners acquired a two-property portfolio in San Diego for $16.6 mil. For BKM, this purchase is one of three recent light industrial multi-tenant portfolio acquisitions, which encompass more than 769.4k sf for a ...
| High-Profile Medical Office Building in Newport Beach Sells
A 12.5k sf, free-standing medical office property, located at 1601 Avocado Ave in the center of Newport Beach, traded hands. The high-profile, coastal building features high-quality finishes.
The property sits across the st...
| Newport Beach Showroom Property Sells for Over $1,400/sf
A 4.5k sf retail and showroom property in Newport Beach was acquired by a high net worth investor for $6.4 mil, or $1,422/sf.
The property, consisting of two single-story buildings, is located at 2510-2530 West Coast Hwy. I...
| Valore Ventures Acquires Fee Simple Interest in Four Restaurant Properties near Disneyland
Valore Ventures has acquired the fee simple interest in four brand-name restaurants—Oggi’s Pizza & Brewery, Outback Steakhouse, Red Robin, and Joe's Crab Shack (the “property”) in Garden Grove, near Disneyland, for $13.1 mil....
| Walters Wholesale Electric Company Renews Brea Distribution Facility Lease
Walters Wholesale Electric Company has agreed to a long-term renewal of it its existing 246.6k sf distribution facility in Brea in deal worth $24.7 mil. The building is at 200 N Berry St, in a central industrial corridor with...
| Multiple OC Apartment Properties Trade Hands in Deals Totaling $27.6 Mil
We’ve learned of five multifamily properties in Orange County that traded recently in deals totaling $27.6 mil.
Marlon LTD, a private partnership, purchased two newly constructed assets -- a 28-unit property at 184 N Prospe...
| OC Hotel Trades for $199k/room
Pacifica Hotels paid $25.5 mil for Residence Inn by Marriott Anaheim Hills Yorba Linda, a 128-room ($199k/room), select-service extended-stay hotel in the Orange County city of Anaheim.
Residence Inn by Marriott Anaheim Hill...
| Roofing Distributor Leases New 70k sf OC Industrial Building Still Under Construction
An unnamed commercial/residential roofing distributor has agreed to a 10-year, $8.65 mil lease of a 69.9k sf ($1.03/sf/mo) industrial building currently under construction in Placentia. The property, located at 721 S. Van Bur...
| Bertram Partners Secures $72 Mil of Freddie Mac Money on Three OC Affordable Apartment Properties
Bertram Partners Inc recently obtained two Freddie Mac loans totaling $72 mil, secured by three affordable housing assets totaling 536 units in Orange County. One of the loans is for $41.26 mil and is secured by Continental G...
| AmorePacific US Leases 112k sf in Brea
AmorePacific US Inc leased 111.7k sf of space at 3300 East Birch Street in Brea. This deal brings total occupancy of the state-of-the-art 218.6k sf building to 100%.
AmorePacific US, providing beauty and health solutions, wi...
| Draftsmen & Craftsmen
Work was just completed on a new 230k sf, corporate headquarters for Behr Paint Company, one of the nation’s largest suppliers of architectural paint and exterior wood care products. The project was designed by interior archi...
| Pacific Industrial Purchases 151k sf Biz Park in Anaheim’s Platinum Triangle
Pacific Industrial has acquired North Stadium Business Center, a 151k sf, nine-acre multi-tenant business park in Anaheim’s “Platinum Triangle”. The asset, which sits directly adjacent to a property the firm already owns, cos...
| Waterford Residential Spends $30 Mil on Rare Multifamily Asset in the Dover Shores Area of Newport Beach
Waterford Residential purchased Dover Heights Apartment Homes, consisting of 66 residential units in the Dover Shores area of Newport Beach, for $30.55 mil, or $463k/unit. This purchase, along with a previous acquisition betw...
| Santa Ana Retail Property Trades in $9.5 Mil Deal
Sunflower Plaza, a 27k sf shopping center subject to a 30-year ground lease in Santa Ana, sold for $9.54 mil ($353/sf). It was purchased by Sunflower Metro LLC, a company owned by former NBA player, Josh Childress.
| OC Manufacturing Building Sells for $223/sf
A 14.2k sf manufacturing facility in Orange sold for $3.15 mil, or $223/sf. The property is located at 1591 N Main St, within the North Orange County Industrial submarket.
Built in 1987, the two-story manufacturing facility...