| Big-O Tires Store in OC Trades at 4.46% Cap Rate
A San Francisco-based private investor paid $2.8 mil for a 3.4k sf, auto-related, NNN investment in the city of Orange. The deal for the Big-O Tires store came in at a cap rate of 4.46%.
Originally built in 1969 on .29 acres...
| Local Investment Entity Pays $400k/Unit for Costa Mesa Res Community
Sundance West Apartment Homes, a 41-unit apartment community situated in Costa Mesa, sold for $16.35 mil ($399k/unit). It was acquired by an Orange County-based private family investment partnership that assumed the existing ...
| Hines and Oaktree Capital Management Buys 576k sf OC Mixed-Use Complex
Hines and Oaktree Capital Management LP have partnered up in the acquisition of the Beckman Coulter Campus, a 34-acre, mixed-use campus in Brea. Hines and Oaktree have had a very active partnership since 2010 with over 30 pro...
| Irvine R&D Building Sells for Over $300/sf
A 15.4k sf office building in Irvine was purchased for $4.8 mil ($312/sf) by an education company, which is expanding its current operations from a nearby building.
Located at 17791 Fitch Ave, the R&D building is close to J...
| Costa Mesa Sale is for a 63k sf Creative Office Property
A 62.9k sf, creative office campus in Costa Mesa sold for $13.7 mil ($218/sf). Located at 660 Baker St, the campus, which is currently undergoing an extensive remodel, contains four office buildings – one a 7.7k sf single-sto...
| Commercial Real Estate Financing Briefs
NEWMARK – George Mitsanas and Chandler Hogue with Newmark® arranged $54 mil in fixed-rate financing for Artisan Apartments in Huntington Beach. Located directly off I-405 and adjacent to numerous lifestyle and employment cent...
| Exchange Investor Pays Over $16 Mil for Warehouse Asset in Brea
A 99.6k sf industrial building in Brea sold for $16.12 mil ($162/sf). The property was purchased by a private investor who was in a $28 mil 1031 exchange.
The warehouse property, constructed in 1974, is located at 331-333 Cl...
| NoCal Investor Pays $482/sf for OC Multi-Tenant Retail Center
Walnut Town & Country, a 22.3k sf multi-tenant retail center in the OC city of Walnut, sold for $10.75 mil ($482/sf). The center is 95% occupied and includes Jack in the Box, Subway, Wing Stop, Lollicup and Mathnasium.
| The Bascom Group’s Latest OC Purchase Adds to the Legend of Sleepy Hollow
The Bascom Group LLC has acquired Sleepy Hollow Apartments, a 25-unit infill apartment community located in OC community of Anaheim Hills, for $7.54 mil ($301.6k/unit). The property is located at 124 N Tustin Ave, adjacent to...
| OC Apartment Sale Trades at $305k/Unit
Gilden Properties LLC paid $5.5 mil for an 18-unit ($305.5k/unit) apartment complex in the City of Orange.
The property sits within a residential neighborhood, just one mile from Chapman University. The two, single-story bui...
| JH Real Estate Partners Pays over $46 Mil for OC Community Center
JH Real Estate Partners has purchased Bristol Center, a 165.5k sf, community retail center in Santa Ana, for $46.46 mil ($282/sf). It was sold by Sarofim Realty Advisors, a Dallas-based investment advisor.
Built in 1974, Br...
| CNI College Inks $16 Mil Lease in Santa Ana
CNI College, an Orange County-based nursing school, agreed to a $16 mil, 130-month lease for 52.1k sf ($2.36/sf/mo) of space in Santa Ana. The deal is at Pacific Center, located at 1610 St Andrews Place.
Pacific Center is a ...
| OC Office Park Trades Hands in $150 Mil Deal
Rockpoint Group LLC has completed its purchase of The Summit Office Campus, a five-building, 479.5k sf mid-rise office project in Aliso Viejo. The asset was sold by a global investment advisor in a deal said to be worth north...
| Panattoni Development Starts Work on 232k sf OC Industrial Development
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 ...
| Mark Moshayedi and Ryan Gallagher Form Space Investment Partners
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...
| Merlone Geier Partners Spends $30 Mil on Value-Add OC Retail Buy
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.
| 60-Year-Old Apartment Property in Costa Mesa Sells for $400k/Unit
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...
| Premier Business Centers Hires Michael Pollack as Vice President/Director of Real Estate
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 ...
| Cypress Development Site Sells for $2.4 Mil
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 ...
| Harbor Associates and The Bascom Group Spend $37 Mil on Two SoCal Office Properties
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...