| OC Multifamily Portfolio Traded in $42 Mil Deal
In a notable residential buy out of Orange County, an affiliate of Empire USA LLC purchased a four-property, 214-unit multifamily portfolio in Santa Ana. The properties sold for a total of $42.5 mil, which equates to more tha...
| Newport Beach Office Building Trades for Over $400/sf
Platinum Storage Group paid $3.325 mil for an 8k sf ($413/sf) office building in Newport Beach. The building, located at 4920 Campus Dr, just east of Von Karman Ave, was sold by a private investor.
The single-story property ...
| Premier Business Centers Acquires Its First Location in NY City
Premier Business Centers®, the big Irvine-based flexible workspace operator, has acquired its first location in the state of New York by purchasing Prime Office Centers’ 521 5th Avenue location in New York City. The building ...
| Irvine Office Asset Sells for $41.7 Mil
Corporate Pointe, 160.5k sf, multi-building office campus in Irvine, sold for $41.7 mil, or $260/sf. Corporate Pointe is 97.6 percent occupied by approximately 35 local and regional tenants.
Built in 1986, Corporate Pointe’...
| Private Investor Pays $16.6 Mil for Tesla Service Center in Costa Mesa
The Tesla Service Center, a 39.1k sf center in the heart of Orange County, was acquired by a private investor for $16.65 mil ($425/sf). The service center, which sold at a cap rate of 5.2%, is located at 3020 Pullman St, adja...
| KBS Capital Advisors Spends $147 Mil on OC Office Tower
City Tower, a 20-story, 435.2k sf high-rise office building in the city of Orange, was acquired by KBS Capital Advisors in a $147.25 mil ($338/sf) transaction. The property, located at 333 City Boulevard West, adjacent to the...
| Fullerton Industrial Building Purchased by Owner/User for $12.5 Mil
A 68k sf, free-standing, single-tenant industrial building in Fullerton sold for $12.55 mil ($184/sf). The property was sold by Guthrie Development, who acquired the functionally-obsolete manufacturing facility in December 20...
| Buena Park Multifamily Sale Comes in at $417k/Unit
Cameron Properties Inc, out of Covina, paid $9.18 mil for Parkview Apartment Homes, a 22-unit ($417k/unit) multifamily property in Buena Park. Built in 2014, the Parkview Apartment Homes complex is located on 1.1 acres of la...
| Ground-Leased Raising Cane’s Restaurant Sells for $5.5 Mil
A Redondo Beach-based private investor paid $5.48 mil for a ground-leased Raising Cane’s property in Laguna Hills. According to Costar, the transaction is the first sale of a single-tenant Raising Cane’s in California.
| OC Industrial Asset Changes Hands in $4.5 Mil Deal
A private investor paid $4.45 mil for Coronado Plaza in the city of Orange. The property consists of two freestanding industrial buildings that total 39.4k sf of space and are located at 1085-1095 N. Main St, east of the 57 F...
| TruAmerica Multfamily Acquires 264-Unit Value-Add Asset in Huntington Beach
TruAmerica Multifamily has acquired Pacific Shores, a 264-unit apartment community in Huntington Beach, for $90.5 mil, or $343k/unit. The property, located at 7701 Warner Ave, west of the 405 Fwy, was sold by affiliates of UD...
| OC Residential Property Picked Up by 1031 Exchange Investor in $8 Mil Deal
A 1031 exchange investor paid $7.95 mil for Athens Circle Apartments, a residential property in Buena Park that consists of 41 apartment units and two single-family homes.
The apartment complex, located at 7800-7900 Athens C...
| Lincoln Property Company Redeveloping Los Alamitos Biz Property
Lincoln Property Company has begun construction on an overhaul of Katella Office Campus, a 150k sf office property on 9.6 acres next to Los Alamitos City Hall. Lincoln’s renovations will bring new life to two buildings constr...
| OC’s Airport Business Center Refinanced with $170 Mil in Funding
The Koll Company has obtained $170 mil in new financing for Airport Business Center, an office/flex industrial park in Irvine. The loan was split into a $150 mil senior loan awarded to Wells Fargo, with a real estate debt fun...
| Three Recent Leases Total Over 100k sf of Space at SoCal Facilities Owned by BLT Enterprises
Three firms have inked leases for industrial facilities in SoCal owned by BLT Enterprises, in deals totaling over 106k sf of space. The buildings have been leased to three global companies with very specific requirements, acc...
| OC Retail Center Goes for $800/sf
Baker Ranch Center, a newly developed, 6k sf retail center in Lake Forest, sold for $4.82 mil, or about $800/sf. The property is 100% NNN-leased to four tenants: Tenko Sushi & Teriyaki; Ameci Pizza; Sage Nail Lounge; and Shee...
| Westlake Village Office Property Trades in $12 Mil Deal
In an office investment sales comp out of the Conejo Valley, Abington Emerson Investments LLC paid $12 mil for a 60.5k sf ($198/sf), multi-tenant building in Westlake Village. The seller was a private investor.
The property ...
| Kearny Real Estate Company Picks Up 197k sf OC Office Asset
Kearny Real Estate Company has acquired Elevate@Harbor, a 197.4k sf office campus in Santa Ana, for $34.8 mil, or $176/sf. The property was sold by The Colton Company.
The newly named Elevate@Harbor includes two mid-rise bui...
| OC Medical/R&D/Office Building Trades for $330/sf
An investment buyer that included multiple Sherry Family Trusts acquired a 41.5k sf medical R&D/office asset in Aliso Viejo for $13.7 mil ($330/sf). The building is fully-leased to Ambry Genetics, a leading provider of clini...
| Huntington Beach Retail Asset Sells for $482/sf
CVS Beach Garfield Center, a 31.1k sf neighborhood retail property anchored by CVS/pharmacy in Huntington Beach, has sold for $15 mil ($482/sf) in an off-market transaction. The asset, located at 18872 to 18922 Beach Blvd, wa...