| Newport Beach Office Asset Traded for Over $10 Mil
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 ...
| Tustin R&D Property Goes for $122/sf
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...
| Hines-Led Venture Secures $144 Mil in New Financing on Irvine Office Complex
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...
| American Realty Advisors Buys 144k sf OC Industrial Facility
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...
| Costa Mesa Multifamily Trades for $33 Mil
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...
| Bassman Blaine Spends $7.6 Mil on OC HQ Building
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 ...
| Exchange Investor Pays $4 Mil for La Habra Strip Center
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 ...
| Prologis Buys South OC Property for $55 Mil
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...
| OC Activity Update from Irvine-Based ValueRock Partners
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...
| OC Medical Office Property Secured with $42 Mil in Financing
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...
| Chuze Fitness Takes 45k sf Anaheim Space
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...
| BJ’s Restaurants Inks Renewal for HQ Office Space in Huntington Beach
BJ’s Restaurants has extended the lease term on its corporate headquarters at One Pacific Plaza in Huntington Beach, California. Known as its “Restaurant Support Center”, BJ’s occupies 57.1k sf of office space on multiple flo...
| Santa Ana Multifamily Property Purchased by Exchange Investor Who Already Owned on the Street
Francia Apartments, a 20-unit multifamily property in Santa Ana, was purchased by a 1031 exchange buyer for $3.9 mil, or $195k/unit. The property is located at 1410 French St, south of 17th St and just west of I-5.
| OC Manufactured Housing Community Refinanced with $48 Mil in Fannie Mae Money
Kort and Scott Financial Group obtained a $48.8 mil Fannie Mae structured adjustable-rate loan to refinance its leasehold interest in Lincoln Center Mobile Home Park, a 305-unit manufactured housing community in Cypress, a ci...
| New $120 Mil Irvine Spectrum Marriott Hotel is Finished
Construction has been completed on the new, $120 mil Irvine Spectrum Marriott hotel, developed by Spectrum Gateway Hotels LLC. The 271-room hotel, built by R.D. Olson Construction and designed by renowned international archit...
| OC Raising Cane’s Sells for $1,222/sf at Just Over 4% Cap Rate
A new single-tenant, Raising Cane’s Chicken Fingers located in La Habra in Orange County sold for $3.96 mil, or $1,222/sf. The 3.2k sf building with drive-thru, newly remodeled in 2017, sits on just under one acre at 1050 S....
| Kelemen Caamano Investments Lands $34 Mil Bridge Loan on Irvine Office Park
Kelemen Caamano Investments (KCI) obtained a $34 mil bridge loan on Corporate Pointe, a five-building portfolio located at 1, 3, 5, 7 and 9 Corporate Park in Irvine. The financing was arranged by Joe Giordani and John Marshal...
| OC Office Asset Traded in $10 Mil Transaction
A private investor paid $10.4 mil for Placentia Office Park, a two-building, 72.9k sf ($143/sf) office property in Placentia. The property, located at 701 and 711 Kimberly Ave, near the 57 and 91 freeways, was sold by Guthrie...
| Newport Beach Multifamily Property Sells for $444k/Unit
Waterford Residential LLC has purchased Dover Shores Apartment Homes, an 18-unit apartment building in Newport Beach, for $8 mil ($444.4k/unit). The property, located at 1606-1674 Westcliff Dr, was sold by a private investor....
| Fountain Valley Office Property Purchased in $9.7 Mil Deal
Orange County Sanitation District paid $9.75 mil for a 44.2k sf ($221/sf) office building in Fountain Valley. The property, located at 18350 Mount Langley St, east of Brookhurst St by the 405 Fwy, was sold by K&A Investments ...