| Prosper Real Estate Pays $11.7 Mil for OC Office Building
Prosper Real Estate purchased a 37.1k sf office building in Lake Forest for $11.7 mil ($315/sf). The building, located at 25371 Commercentre Dr, east of I-5 off Bake Pkwy, was sold by Harbor Associates LLC.
| Irvine Company Buys 235k sf Office Asset in San Diego’s Del Mar Heights
Irvine Company has acquired Paseo Del Mar, a 235k sf, Class A office project located in Del Mar Heights. Paseo Del Mar is located at 12255, 12265 and 12275 El Camino Real, north of Hwy 56 and just east of I-5.
Completed in 2...
| Private Investor Buys 122k sf Anaheim Office Property
Stadium Centre, a six-story, 122k sf office property in Anaheim, was acquired by a private equity firm in a recent $28.8 mil ($236/sf) deal. The multi-tenant building is 98% occupied.
Built in 1985 and situated on 3.64 acres...
| Irvine Industrial Property Fetches $27.5 Mil
Von Karman Industrial Park, a 104.7k sf industrial facility in Irvine, was acquired by a private investor for $27.45 mil ($262/sf).
Built in 1979, Von Karman Industrial Park was renovated in 2012 and has a current occupancy...
| Angelo Gordon and Lincoln Property Company Buy 540k sf OC Office Portfolio
A joint venture of Angelo Gordon and Lincoln Property Company has acquired a four-property, 540k sf office portfolio in the southern OC cities of Newport Beach and Irvine. The asets were sold by Equity Office Management LLC, ...
| Mixed-Use Development in North Orange County Will Add New Retail and Over 200 Res Units
Brookfield Residential and Frontier Real Estate Investments have started construction of Lantana @Beach and The Village @Beach, a joint mixed-use development in north Orange County. The project – situated at Beach Blvd and Ga...
| OC Industrial Building Trades at 3.5% Cap Rate
A single-tenant 31.4k sf flex / industrial building in Costa Mesa sold for $6.82 mil, or $217/sf. The property, located at 340 Fischer Ave, just east of Red Hill Ave and the 55 Fwy, is fully leased to Toyota Racing Division.
| Irvine Office Asset Commands $107 Mil Price
The Atrium, a 302,877-square-foot, 10-story trophy office property in Irvine, was acquired by Kelemen Company in a recent transaction valued at $106.75 mil ($352/sf). The property was sold by Barings Real Estate, part of Bari...
| TruAmerica Multifamily Closes on $86 Mil OC Res Buy
TruAmerica Multifamily in partnership with capital partner ASB Real Estate Investments on behalf of its Allegiance Real Estate Fund, has acquired Corte Bella, a 251-unit multifamily community in the OC city of Fountain Valley...
| Two SoCal Multifamily Sales Generate $10.8 Mil
Two SoCal multifamily properties were purchased by different private buyers in separate deals totaling $10.8 mil. CBRE’s Dan Blackwell represented the seller, a family partnership, in both transactions.
In one of the deals,...
| Greylight Properties Buys Irvine Office Building
Greylight Properties LLC has purchased a 25.2k sf office building in Irvine. The property, located at 17922 Fitch, was sold by Red Hill Capital.
The building was built in 1979 and later renovated in 2015 to create a progress...
| OC Shopping Center Acquired by Merlone Geier Partners
Merlone Geier Partners, out of San Diego, has acquired the leasehold interest in Hunter Court, a 127.4k sf, community shopping center anchored by CVS/pharmacy, Ross Dress For Less in Orange County. The property is located jus...
| Shea Properties Starts Construction on 500k sf OC Industrial Development
Shea Properties has started construction on Shea Business Center, a new, state-of-the-art industrial park located on the former ITT site on Dyer Rd in Santa Ana. The recently acquired property will offer approximately 500k sf...
| NoCal Buyer Pays almost $1,000/sf for OC Retail Property
The Shops at Yorba Linda, an 8.1k sf, three-building retail center in Yorba Linda sold for $7.8 mil, or $963/sf. The fully occupied property is located at 4846-4854 Valley View Ave, at the intersection with Yorba Linda Blvd. ...
| Luxury Res Community in Costa Mesa Opens to the Public
580 Anton, a new five-story, 250-unit luxury apartment community in the Orange County city of Costa Mesa, has just opened to the public. The project is a development of Legacy Partners.
Legacy acquired the land in May 2015 i...
| Merlone Geier Partners Spends $21 Mil on OC Retail Asset
Merlone Geier Partners purchased Warner West, a 73.4k sf, value-add retail redevelopment site in Huntington Beach, for $21.4 mil. The property was sold by a private family trust that has owned the asset for more than 45 years...
| Commercial Real Estate Financing Briefs
GRANDBRIDGE REAL ESTATE CAPITAL - Hunter Curtis and Taylor Curtis with Grandbridge Real Estate Capital originated a $45 mil first mortgage loan secured by 4100 Newport Place Drive, a 190.4k sf, Class A office property in Newp...
| Lincoln Property Company-Led Venture Buys 90k sf Office Asset in Newport Beach
In a notable office buy in Newport Beach, a joint venture between Lincoln Property Company and an institutional advisor has purchased a seven-story, 90.7k sf building located at 1500 Quail St for $32.14 mil ($354/sf). The pro...
| Draftsmen & Craftsmen
The city of Laguna Niguel has broken ground on Crown Valley Park Community Building, a 30k sf, three-story building in the southern OC city. The $25 mil project marks the final phase of a three-tier improvement plan for Crown...
| Investor Exchanges into OC Office Property
In a recent Orange County office sales comp, a 1031 exchange investor paid $8.675 mil for a 43.8k sf ($198/sf) multi-tenant building in the city of Brea. Built in 1988 as a single-tenant, build-to-suit, the two-story asset un...