| Related California Breaks Ground on 50-Unit Affordable Housing Community in Fountain Valley
Related California has broken ground on Prado Family Homes, a 50-unit, five-building affordable housing community in Fountain Valley. The project, estimated for completion in the first quarter of 2022, is being built by R.D. ...
| OC Apartment Property Trade Works out to $389k per Unit
Portico Villas, a 128-unit multifamily community in Fullerton, traded hands for $49.83 mil, which works out to $389k per unit. Built in 1987, Portico Villas is located at 140 West Hill Ave, north of the 91 Fwy and just west o...
| L.A. Investor Completes a Very Smart & Final Acquisition in Orange County
A 30.5k sf, single-tenant net-lease Smart & Final Extra! in Orange County was acquired by a Los Angeles-based private investor for $11.3 mil, or $370/sf. The asset was sold by an investment entity managed by The Altemus Compa...
| Hines Collects $113 Mil from OC Industrial Sale
Hines has sold 515 E. Dyer, a 373.9k sf industrial logistics facility in Santa Ana for $113.5 mil ($303/sf). The buyer was not named.
The property, located close to the SR-55 and I-5 freeways and John Wayne Airport, offers ...
| $32 Mil Crown Valley Park Community Building for Laguna Niguel Completed
Work has been completed on a new Crown Valley Park Community Building in Laguna Niguel. The $32 mil project was built by C.W. Driver Companies on behalf of the City of Laguna Niguel. LPA Inc was the architect for the develop...
| OC Warehouse Sale Comes In at $210/sf
A 58.3k sf warehouse in Cypress sold for $12.24 mil, or $210/sf. The building is located at 5780 Cerritos Ave, north of Katella Ave and west of Valley View St.
Built in 1990, the property is a freestanding, concrete tilt-up...
| New $23 Mil Performing Arts Complex Finished at Woodbridge High in Irvine
Irvine Unified School District has completed work on a $23 mil Performing Arts Complex at Woodbridge High School in Irvine. The 36k sf facility will support the need for additional and upgraded performing arts space for stude...
| Hanyon Holding Spends $14.7 Mil on OC Office Asset
Hanyon Holdings paid $14.7 mil for MacArthur Corporate Center, a 62.9k sf ($234/sf) office building in Irvine. MacArthur Corporate Center is located at 17661-17671 Cowan in the heart of Orange County’s Airport office submarke...
| Westport Properties Merges with Vertex Investments
Westport Properties, an OC-based owner/operator of self storage facilities nationally under the brand US Storage Centers, announced that it has merged with Vertex Investments, a Denver-based, privately held real estate invest...
| Rexford Industrial Realty Closes Out 2020 with Two Acquisitions Totaling $103 Mil
Rexford Industrial Realty has purchased a four-building industrial portfolio and an industrial outdoor storage property in deals totaling $103.1 mil. The acquisitions closed on December 31, 2020 and were funded using newly is...
| Advanced Real Estate Spends $92 Mil on Two-Property OC Res Buy
Advanced Real Estate closed out 2020 with the purchase of a two-property, 245-unit Orange County res portfolio, valued at approximately $72 mil. The properties are located in the cities of Westminster and Anaheim.
| Amazon Buys 16.5 Acres for $63 Mil in Santa Ana as Part of Its SoCal Expansion Plans
Amazon has acquired 16.5 acres in Santa Ana from Caribou Industries for $63 mil. The site at 625 N Grand, with frontage along the 5 Fwy and easy access to the Orange Crush where the 5, 22, and 57 Freeways interconnect, is an ...
| Engineering Model Associates Spends $6.5 Mil on North OC Single-Tenant Property
Engineering Model Associates Inc paid $6.5 mil for a 22.3k sf ($291/sf), single-tenant retail building in La Habra. The property, located at 250 N. Harbor Blvd, is NNN-leased on a long-term basis to Harbor Freight Tools, a na...
| Investors Trade 17-Unit Res Asset in Laguna Beach
Twin Palms, a 17-unit apartment property in Laguna Beach, has traded for $9.8 mil, or $576.5k/unit. The property was purchased by a Long Beach-based private investor.
Built in 1956, the two-building trophy property is locate...
| Parkview Financial Provides $80 Mil Loan for Construction of Newport Beach Luxury Condo Project
One Newport Development LLC is slated to start vertical construction in early 2021 on Uptown Newport, a residential project consisting of 66 for-sale luxury condominiums in Newport Beach, thanks to an $80 mil construction loa...
| Advanced Real Estate Services Pays $265k per Unit for Santa Ana Res Community
Advanced Real Estate Services purchased Solare Apartments, a 240-unit multifamily asset in Santa Ana, for $63.75 mil, which works out to $265.6k per unit. The property, located at 2111 W 17th St, was sold by a private investo...
| Huntington Beach Retail Center Sells for Over $800/sf
Village Plaza at Huntington Harbour, a 20.3k sf, multi-tenant retail center with over 270 feet of prime Pacific Coast Hwy frontage in Huntington Beach, was acquired by an L.A.-based private partnership. According to an indust...
| OC Starbucks Sells for Over $2,000/sf
A 3k sf, single-tenant retail building NNN-leased to Starbucks in Fullerton traded for $6.2 mil, or $2066/sf. We’re told the buyer is a private, high-net-worth buyer based in Los Angeles.
Constructed in 2020, the property ha...
| Local Investors Trade 32-Unit Res Property in Orange for $11.5 Mil
Batavia Gardens, a 32-unit multifamily community in the city of Orange, was purchased for $11.5 mil ($359.4k/unit) by a local 1031-exchange investor. The seller was also a local investor.
The multifamily property sits on 1.8...
| Work Moving Forward on Largest Adaptive Office Re-Use Project in Orange County
Base build for Phase I of The Press in Costa Mesa has been completed. Once a thriving newsroom, printing press and distribution facility for the LA Times, dating back to the 1960’s, the property has been reimagined as a state...