| Prime Development Land in Anaheim’s Platinum Triangle Trades
Pacific Industrial has acquired an 8.5-acre land site in Anaheim for $14.57 mil. The property is located at 2222 East Howell Ave, north of Katella Ave and west of the 57 Fwy.
The site, which lies within the boundaries of Ana...
| Nutraceutical Company Buys OC Facility in $8.4 Mil Deal
Dongyu OC Properties, a nutraceutical company, purchased a 37.3k sf industrial building in Tustin for $8.39 mil, or about $225/sf. Dongyu OC Properties is relocating from Irvine to this building, located at 14831 Franklin Av...
| NewMark Merrill Companies Buys 117k sf OC Shopping Center
NewMark Merrill Companies recently completed a retail acquisition in northern Orange County, having purchased Placentia Town Center, a 116.8k sf shopping center located at 110-198 East Yorba Linda Blvd in Placentia. From what...
| OC Sales Review Includes Eight Recent Office and Industrial Deals
The Orange County office of Lee & Associates recently completed eight office and industrial sales transactions in SoCal, totaling 118.8k sf of space with a combined value of $18.6 mil. The deals include the following:
| Capital One Arranges $43 Mil Refi on OC Apartment Community
Capital One has arranged a $43.5 mil, Fannie Mae fixed-rate loan to refinance Amberway Apartments, a 272-unit, garden-style community in Anaheim. Constructed in 1983, Amberway Apartments is located at 489 South Chatham Circle...
| OC Biz Campus Financed with $39 Mil Loan from Wells Fargo Bank
In a recent OC financing deal, Menlo Equities LLC has secured a new $39 mil loan on Towne Centre, a 292.3k sf, three-building, Class A office campus located in Foothill Ranch. The five-year, floating-rate loan was arranged by...
| Brooke Birtcher Gustafson to Participate in Leadership of Birtcher Development LLC's Next Iteration
Birtcher Development LLC is launching the next iteration of the venerable, OC-based real estate company. Brooke Birtcher Gustafson represents the fifth generation of the family involved with the leadership of the firm. The re...
| Investor Buys 40 Res Units in Anaheim
The Palms Apartments, a 40-unit multifamily property in Anaheim, was purchased by a local investor for $7.6 mil ($190k/unit). The buyer plans to continue the existing renovation plan to add more value to the property.
| SC Development Refis OC Res Community
SC Development has obtained a $9.5 mil Freddie Mac fixed-rate loan to refinance Midway Meadows, a 92-unit apartment community in OC’s Midway City.
SC Development developed Midway Meadows in 1987 under a 30-year ground lease...
| OC Medical Office Property Trades Hands
Meridian has purchased The Laguna, a 57.1k sf, medical office building in the OC city of Laguna Hills. Situated on 0.75 acres at 24022 Calle de la Plata, just west of I-5 off El Toro Rd, the building is on the campus of and a...
| Hines and Oaktree Capital Management Buy OC Office Property
Hines and Oaktree Capital Management LP have teamed up in an OC office buy, acquiring the Pacific Sunwear "PacSun" Global Headquarters, a 181k sf, three-story Class A office building in Anaheim. This transaction is the ninth ...
| Class A Newport Beach Office Asset Trades Hands
Hines, through its core plus venture with an affiliate of Goldman Sachs & Co. LLC’s Merchant Banking Division, has acquired 4000 MacArthur, a Class A office project consisting of two, ten-story buildings totaling 376.2k sf in...
| Rexford Industrial Realty Repositions Two SoCal Properties
Rexford Industrial Realty has wrapped up the value-add repositioning and lease-up at two SoCal properties totaling 317k sf of space. The company had previously acquired the assets, located at 3880 W. Valley Blvd in Pomona and...
| OC Retail Bought for $24.5 Mil by LA Investor
A 105.6k sf shopping center in Fullerton was acquired by SCB Inc, a private investment company, for $24.5 mil, or $232/sf. The property, located at 110 – 130 W. Imperial Hwy, is currently leased to Best Buy, 24 Hour Fitness a...
| Chuze Fitness Signs Deal for New OC Location
Chuze Fitness has inked a deal for new 44.8k sf, health club location within a neighborhood shopping center at the bustling intersection of Beach Blvd and Lincoln Ave in southwest Anaheim. Located at 135 Beach Blvd, the expan...
| OC Industrial Asset Traded at $175/sf
Exelon Realty LLC, a privately owned real estate company based out of Encino, paid $7.125 mil for a 40.8k sf ($175/sf) industrial facility in Garden Grove. The property, made up of two connecting locations at 7142 Chapman Ave...
| OC Hotel Trades Hands
A private investor has purchased the Hampton Inn & Suites Santa Ana/Orange County Airport, a 121-room hotel property in Santa Ana. The price was not disclosed.
The four-story hotel, located at 2720 Hotel Terrace, was origina...
| Local Exchange Investor Pays $11.8 Mil for OC Retail Property
A retail property in the heart of downtown Fullerton was acquired by McFadden Place LLC -- a local investor with multiple real estate holdings throughout Orange County -- in a recent 1031 exchange purchase valued at $11.8 mil...
| Olen Properties Spends $75 Mil on Newport Beach Office Building
Olen Properties has purchased 4100 Newport Place Drive, a 190.4k sf, Class A office tower in Newport Beach, for $75.6 mil, or $397/sf. The asset was sold by American Realty Advisors, one of the largest privately-held real est...
| Greenlaw Partners and Westbrook Partners Close $100 Mil OC Investment
Greenlaw Partners and Westbrook Partners have teamed up in a large, institutional-quality OC buy, paying $106.1 mil for Centerpointe La Palma, a 525.6k sf ($202/sf) business park in La Palma. The 10-building property, which w...