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• OC Industrial Trade Comps at $333/sf
1/09/23
In a recent OC industrial comp, an 18.6k sf, freestanding building in Garden Grove traded hands in a $6.2 mil ($333/sf) transaction. The property is located at 7071-7081 Patterson Dr, south fo Katella Ave and just east of Kno...
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• Third Phase of 1.1 msf Spectrum Terrace in Irvine Completed
1/06/23
The Irvine Company has completed work on the third and final phase of Spectrum Terrace, a 1.1 msf office campus within the Irvine Spectrum. Located at the confluence of I-405 and Hwy 133 in Irvine, the state-of-the-market dev...
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• Guthrie Development Company Buys 70k sf OC Industrial/Retail Park
1/05/23
Guthrie Development Company has acquired Pacific Tustin Commercenter, a 69.9k sf, Class A multi-tenant industrial and retail business park in Tustin, for $19.7 mil ($282/sf). In the unique transaction, the firm acquired the b...
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• Healthcare Property Advisors Spends $80 Mil on Brea Office/Medical Property
1/04/23
Healthcare Property Advisors (HPA) has acquired Imperial Mariner, a four-building, 288.2k sf office / medical office campus in Brea, for $80 mil ($277.50/sf). The purchase was financed with an acquisition loan for $44 mil.
I...
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• Garden Grove Industrial Building Fetches $400/sf
12/28/22
A 22k sf industrial building in Garden Grove traded hands at a price of $8.83 mil ($401/sf). The property is located at 13831 Seaboard Circle, west of Harbor Blvd and just south of the 22 Fwy. Built in 1978, the highly functi...
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• Whittier Multifamily Property Goes for $285k/Unit
12/22/22
A private investor paid $7.4 mil for a 26-unit ($285k/unit) res property in the city of Whittier. The property, Governor Apartment Homes, is located on seven acres at 8407 Hydro Dr, west of Whittier Blvd and south of Washingt...
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• Buchanan Street Partners Pays $28 Mil for South OC Office Property
12/21/22
Buchanan Street Partners paid $28.1 mil for Oakbrook Plaza, a four-story, 120.4k sf ($233/sf) office property in Laguna Hills. The building was sold by a New York City-based fund manager in an off-market transaction.
The pro...
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• Boardwalk Investments Group Lands $245 Mil Refi on Mixed CA Portfolio
12/15/22
Boardwalk Investments Group has secured $245 mil in refi money on a CA portfolio that includes: an iconic Napa Valley hotel property; three Class A coastal Orange County retail centers; a Class A multi-housing community locat...
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• Hanley Investment Group Real Estate Advisors Raises $33k for Movember
12/12/22
Hanley Investment Group Real Estate Advisors raised $33,265 for Movember. The company’s theme this year was “Taking Care of Business to Support Men’s Mental and Physical Health,” and represents Hanley Investment Group’s 12th ...
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• Newport Beach Res Community Undergoes Extensive Interior and Exterior Renovations
12/01/22
Interior and exterior renovations have been completed at Vercanta Newport Beach Apartments, a 147-unit, two-story, garden style multifamily community located in Newport Beach. The property is located at 1561 Mesa Dr, just so...
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• Advanced Real Estate Buys 90-Unit Res Asset in Orange County
11/30/22
Irvine-based Advanced Real Estate has acquired Foxborough Apartments, a 90-unit multifamily complex in the city of Orange, in a $41.5 mil ($461k/unit) transaction. The property, located at 501 E. Katella Ave, was sold by UDR....
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• Hanley Investment Group Real Estate Advisors Kicking Off 12th Year of Movember Charity
11/03/22
Hanley Investment Group Real Estate Advisors is “Taking Care of Business” again by kicking off its 12th year of Movember fundraising to raise awareness and funds for prostate cancer, testicular cancer, mental health and suici...
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• Investor Pays $392/sf for Mission Viejo Retail Center
11/01/22
Marguerite Plaza, a 25k sf, multi-tenant retail property in Mission Viejo, was acquired by a SoCal-based private investor in a recent $9.8 mil ($392/sf) transaction. The property sits on 2.07 acres at 28892 Marguerite Pkwy, s...
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• OC Industrial Trade Has a Price Tag of $61 Mil
10/31/22
In a recent SoCal industrial trade, Ares Management acquired an 8.38-acre industrial land parcel, including three industrial structures totaling 155k sf, in Fullerton. The assets were sold by B & K Investment Company for $61 ...
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• Westminster Res Development Completed
10/13/22
Bolsa Row Apartments, a 234k sf, 200-unit residential mixed-use project in Westminster, has been completed. The development will serve as the gateway to the city’s vibrant and culturally significant Little Saigon District, ho...
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• OC Multifamily Property Traded Between Private Investors in $18.5 Mil Deal
10/11/22
A 48-unit multifamily community in Costa Mesa was acquired by a 1031 exchange, private investor in a recent $18.5 mil ($385.4k/unit), all cash transaction. The seller of the low-density, garden-style multifamily asset was als...
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• Premier Workspaces Takes Over Former Encore Offices Space in Aliso Viejo
10/07/22
Irvine-based Premier Workspaces, was awarded the management assignment of the former Encore Offices space at 120 Vantis Drive in Aliso Viejo. The 23k sf office space features 86 individual private offices, serviced meeting ro...
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• Renovation of the VEA Newport Beach Marriott Hotel & Spa has been Completed
10/06/22
Lyon Living and Eagle Four Partners have completed a remodel of the VEA Newport Beach Marriott Hotel & Spa. The renovation work was done by R.D. Olson Construction and included a fully redesigned lobby, entryway, enclosed atr...
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• OC Life Sciences Building Gets New Owner in $11 Mil Sale
9/30/22
MP Biomedicals LLC paid $11 mil for a 28.8k sf ($382/sf) life sciences building in the Irvine Spectrum. The building is situated on an approximate 1.5-acre parcel at 6 Thomas, in close proximity to many other life science com...
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• Private Investors Trade OC Apartment Property in $6 Mil Deal
9/26/22
A newly renovated 20-unit garden-style multifamily community in Westminster, CA sold for $5.96 mil, or $298k/unit. The property was recently improved with an exterior renovation completed in 2022.
Located at 8361 15th St, th...
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