| Work Started on Newport Beach Senior Living Project
Atria Senior Living has begun construction on Newport Terrace Senior Living, a 120k sf assisted living complex in Newport Beach. R.D. Olson Construction is the general contractor for the project.
Atria Senior Living will be ...
| Embassy Suites by Hilton Anaheim – South Hotel Refinanced with $71 Mil Loan
Landmark Companies has obtained a $71 mil, fixed-rate loan for the 375-key Embassy Suites by Hilton Anaheim - South hotel. The hotel, at 11767 Harbor Blvd in Garden Grove, is located two blocks from Disneyland Resort.
| Rexford Industrial Realty Spends $43.5 Mil for Two SoCal Industrial Assets
Rexford Industrial Realty recently acquired two SoCal industrial properties – in Chatsworth and La Palma -- for $43.5 mil. The acquisitions were funded using available cash on hand.
In one of the purchases, Rexford acquired ...
| BPM Real Estate Group Lands $115 Mil in Construction Money for New 326-Room Radisson Blu Hotel in Anaheim
BPM Real Estate Group has obtained a $115 mil, non-recourse senior construction loan for the ground-up development of a 326-key, four-star Radisson Blu hotel in Anaheim. The hotel, located at 1601 S. Anaheim Blvd and situated...
| Irvine Residential Community Trades in $118 Mil Transaction
In one of the largest multifamily sales in Orange County for 2018, Texas-based Olympus Property purchased Fusion Apartments, a 280-unit residential community in Irvine. The asset was sold by Georgia-based 360 Residential in a...
| Stanton Road Capital Completes 141k sf OC Office Buy
Stanton Road Capital has purchased The Offices @ Village Business Park, a two-building 141.4k sf office property in Buena Park. The price was not disclosed.
Built in 1980 and 1987 and renovated in 2017, the property is situa...
| Investment Concepts Makes Zen Res Buy in Phoenix
Zen Senior Living, a 99-unit, two-story, garden-style complex in Phoenix, traded hands for $11.95 mil ($120.7k/unit). The property, located at 11645 N. 25th Place, was purchased by Investment Concepts Inc, of Orange County.
| Bolour Associates Secures Refi Loan on Recently Renovated OC Office Building
Bolour Associates Inc has refinanced a four-story, 72k sf office building in Mission Viejo they acquired in April 2018 for $21.5 mil. The building, situated on 3.9 acres at 27410 Los Altos, was sold by Bixby Land Company.
| Draftsmen & Craftsmen
Work has started on a new $23 mil, student union at Vanguard University in Costa Mesa. The 35k sf building, which will serve the immediate needs of the university’s current enrollment and provide additional space to accommoda...
| TA Realty Acquires 368-Unit Multifamily Community in San Clemente in One of the Largest OC Res Sales in 2018
TA Realty has purchased Seacrest Apartment Homes, an upscale, 368-unit multifamily community in San Clemente, in one of the largest multifamily sales in Orange County so far in 2018. The property was sold by Western National ...
| OC Apartment Building Sells for $375k/Unit
A newly constructed, 12-unit apartment building in the City of Orange was purchased by a 1031 exchange investor for $4.5 mil, or $375k/unit. The property, Encore at Hewes, a luxury senior apartment community (55+), was built ...
| Construction Completed on $130 Mil Development at Chapman University in Orange
C.W. Driver Companies has completed construction of Chapman University’s Keck Center for Science and Engineering in Orange. The 149.7k sf, state-of-the-art education and research facility is the largest, most expensive and mo...
| Pole Capital USA Pays $42.5 Mil for Irvine Shopping Center
Pole Capital USA, the U.S. division of a Singaporean real estate investment company, recently acquired Jamboree Promenade, a 56.9k sf shopping center in Irvine, for $42.5 mil in an all-cash deal. The asset was later financed ...
| OC Retail Asset Trades Between Private Investors for Over $5 Mil
A 99 Cents Only-anchored shopping center in Garden Grove was purchased for $5.15 mil by a private NoCal-based investor. It was sold by DECMAC II, a local investor.
The 36.5k sf ($141/sf) property, located at 11072 Magnolia S...
| Stockbridge Buys 155k sf OC Power Center
Edinger Plaza, a 155.3k sf, power shopping center in Huntington Beach, was acquired by Stockbridge, who purchased the property on behalf of its Smart Markets Fund, an open-end core vehicle. Although a transaction value was no...
| OC Creative Office Campus Changes Hands
The Hive, a recently extensively repositioned three-building 181.8k sf, coastal creative office campus in Costa Mesa, was acquired by Invesco Real Estate. The transaction price was not given out, although industry sources hav...
| Investor Exchanges into Two OC Multifamily Assets Totaling 34 Units
A 1031 exchange investor paid $9.55 mil for two multifamily properties totaling 34 units in Tustin. The acquisitions consisted of a 30-unit property at 15962-16002 S. Myrtle Ave, which sold for $8.25 mil ($275k/unit), and fou...
| Bayfront Office Property in Newport Beach Trades Hands
Bayside Square, a fee simple ofﬁce and medical project in Newport Beach consisting of two buildings totaling approximately 40k sf, was acquired by Bayside Square Investments LLC, an investment entity that includes the ...
| Eden Fertility Management Leases 19k sf of Newport Beach Medical Office Space
Eden Fertility Management LLC signed an 11-year lease for 19k sf of medical office space at Newport Heights Medical Campus, a newly built, Class A medical campus in Newport Beach. The lease value was not given out.
Built in ...
| EverWest Real Estate Investors and Frontal Trust Buy 99k sf OC Office Asset
EverWest Real Estate Investors, in partnership with Chilean-based fund manager Frontal Trust, has purchased 999 Town & Country, a 98.9k sf office property in the city of Orange.The property was sold by San Diego-based Westcor...