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• Hanley Investment Group Raises Over $33k for Movember
12/05/23
Hanley Investment Group Real Estate Advisors raised $33,639 for Movember in the month of November. This marks the 13th consecutive year that Hanley Investment Group has joined the global movement to raise awareness and critic...
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• Santa Ana Office Tower Trades
12/04/23
3 Hutton Centre Drive, a 10-story, 200.4k sf office building in Santa Ana, was acquired by an all-cash, high-net-worth investor. The price was not immediately given out.
Situated on 2.47 acres within a greater 46-acre master...
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• UCLA Team Wins NAIOP SoCal’s Annual Silver Shovel
11/22/23
Due to its winning presentation “Legacy Ranch,” the five member graduate student team from UCLA took home the silver shovel as the winner of the NAIOP SoCal USC vs. UCLA Real Estate Challenge.
This year’s event, held Novemb...
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• Two OC Multifamily Trades Total $7.6 Mil
11/21/23
Here’s an update on two OC multifamily properties totaling 24 units that sold in separate transactions with a combined price of $7.61 mil.
In one of the deals, a 16-unit multifamily property located at 1801 and 1809 East Wil...
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• Guardian Litigation Group Leases 15k sf of Office Space in Irvine
11/15/23
Guardian Litigation Group LLP has signed a lease for 15.4k sf of office space at Fitch Technology Center in Irvine. Guardian Litigation Group is an Orange County-based multi-jurisdictional law firm providing estate planning, ...
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• Law Firm Pays $495/sf for Irvine Office Building
11/08/23
A 9.1k sf office building in Irvine sold to a local law firm for $4.5 mil ($495/sf). The one-story building is located at 17631 Fitch, on the northeast corner of Fitch and Cowan.
Built in 1980, the property has low-rise feat...
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• Mullen Automotive Leases 121k sf OC Industrial Facility
11/08/23
In a recent OC industrial lease, Mullen Automotive inked a deal for a 121.6k sf facility at 1500 East Walnut Ave, north of the 91 Fwy and west of the 57 Fwy.
The Class A industrial building is on 5.41 acres of land in south...
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• Garden Grove Multifamily Property Sells for $287k/Unit
11/07/23
A 10-unit multifamily property in Garden Grove sold for $2.875 mil, or $287.5k/unit. This marks the first time the property was listed for sale in over 60 years.
Located at 11821 Stuart Drive, this two-story apartment buildi...
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• MIG Real Estate Pays $30 Mil for 100k sf OC Biz Park
11/07/23
MIG Real Estate has acquired Mission Viejo Business Center, a 100.3k sf industrial business park in Mission Viejo. The price was $30.3 mil, or $302/sf.
Mission Viejo Business Center consists of six multi-tenant industrial di...
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• Hanley Investment Group Kicks Off its 13th Year of Movember Fundraising to Support Men's Health
11/06/23
Hanley Investment Group Real Estate Advisors has launched its annual Movember fundraising campaign. This year marks the 13th consecutive year that Hanley Investment Group has joined the global movement to raise awareness and ...
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• Owner/User Pays $363/sf for Industrial Building in Santa Ana
11/02/23
A Santa Ana-based owner/user paid $3.555 mil for a 9.8k sf ($363/sf) industrial warehouse building in Santa Ana. The property is located at 3400 Maywood Ave, north of Warner Ave and east of Harbor Blvd.
The buyer, Ben’s Asph...
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• Laguna Beach Apartment Building Sells for $384k/Unit
10/24/23
An eight-unit multifamily community in Laguna Beach was purchased by an Orange County-based private investor for $3.075 mil, representing a sale price of $908 per square foot and $384.4k/unit. The apartment building is locate...
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• Commercial Real Estate Financing Briefs
10/18/23
MARCUS & MILLICHAP CAPITAL CORPORATION - Rick Judge with Marcus & Millichap Capital Corporation arranged $21.8 mil in financing for the purchase of Kaleidoscope Center, a retail shopping mall with office space located at 2774...
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• Two Garden Grove Apartment Properties Generate $3.3 Mil
10/18/23
Two multifamily rental communities located on the same street in Garden Gove traded in recent deals with a combined price of $3.3 mil. The properties, located near the major thoroughfare of Euclid St and Katella Ave, contain ...
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• Commercial Real Estate Women Orange County to Host the 11th Annual SPIRE Awards
10/17/23
Commercial Real Estate Women Network’s 11th Annual SPIRE (Superior Performance In Real Estate) Awards is a black-tie gala honoring the best of Orange County’s real estate professionals. The event will take place on Friday, Oc...
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• NAIOP SoCal UCLA vs. USC Real Estate Challenge to be Held Thursday, November 16 on the USC Campus
10/11/23
The battle of real estate brains is back. On November 16, a five-member graduate student team from the Ziman Center of Real Estate at UCLA’s Anderson School of Business will compete against a five-member graduate student team...
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• OC Office Building Leased to the State of California Sells for $327/sf
10/11/23
Easterly Government Properties acquired a 95.4k sf, Class A office building in Anaheim in a $31.15 mil ($326.50/sf) trade. The property, 1065 Link, is 100% leased to the State of California.
1065 Link is a four-story institu...
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• Medical Office Building in South OC Trades for $436/sf
10/06/23
A SoCal-based investor paid $12 mil for a 27.5k sf ($436/sf) medical office building in San Clemente. The deal closed at a 6.93% cap rate.
The two-story building, built in 2002, is situated on 1.66 acres at 1300 Avenida Vist...
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• Two Anaheim Apartment Sales Total Up to $5.5 Mil
10/05/23
We’ve got news of two Anaheim multifamily property sales to separate buyers totaling 20 units for a combined price of about $5.5 mil. CBRE’s Dan Blackwell Andrew Boukather and Amanda Fielder represented the seller in the deal...
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• OC Multifamily Comp Works Out to $262k/Unit
10/04/23
A 16-unit multifamily asset in Anaheim sold for $4.2 mil to Emile’s Mart Car Wash LLC. The purchase price equated to a price of $262.5k per unit with a cap rate of 5.6%. The two-building, two-story complex was 100% leased at ...
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