| Five Point Holdings-Led Venture Obtains New Financing of $339 Mil on Irvine Biz Campus
A Five Point Holdings LLC entity has obtained $339 mil of new financing for Five Point Gateway, a four-building office/R&D campus in Irvine. Five Point Holdings, which holds a majority of the equity interest in the property i...
| Three 99 Cents Only Stores Fetch 1,240,000,000 Cents
A trio of 99 Cents Only stores, located in the Greater LA area cities of Walnut Park, Huntington Park, and Hawthorne, traded hands in deals totaling $12.4 mil, more than $170k above the list prices. The store in Walnut Park w...
| Affordable Housing Project in Fullerton Gets Underway
Related California has begun work on a 55-unit affordable housing project in Fullerton. The multifamily apartment complex, the firm’s fourth affordable housing project, is being built by R.D. Olson Construction.
The project ...
| Draftsmen & Craftsmen
Construction has been completed on the Newport Beach Country Club, a 65k sf, two-level development by International Bay Clubs LLC. The $50 mil project was built by C.W. Driver Companies’ affiliate Driver SPG, an arm that spec...
| OC Two-Tenant Retail Building Goes for $1,357/sf
A 4.2k sf, two-tenant retail building occupied by Dunkin’ Donuts/Baskin Robbins Drive-Thru and MOD Pizza in Foothill Ranch sold for $5.7 mil ($1,357/sf). The property, located at 26722 Portola Pkwy, is part of Foothill Ranch ...
| OC Multifamily Property Purchased for $6.75 Mil by Exchange Investor
Restoration Enhancement in Metropolitan Communities has acquired Williams Senior Apartments, a 28-unit multifamily property in the city of Brea, for $6.75 mil, or $241k/unit.
Williams Senior Apartments, located at 212 South...
| Garden Grove Warehouse Facility Trades in $27 Mil Deal
Monarch Industrial, a multi-tenant, 276.6k sf warehouse facility in Garden Grove, was purchased by Penwood Real Estate and Western Realco in a recent $27 mil ($98/sf) transaction. The property is fully occupied by four tenant...
| Sacramento Ranked 10th on CBRE List of Tech Talent Momentum Markets
Sacramento ranked #10 on CBRE’s list of tech talent momentum markets, a measurement of the change in tech job growth, as part of its fifth annual Scoring Tech Talent Report.
The report finds that tech job growth gained mome...
| OC Starbucks Trades at 3.48% Cap Rate
A newly developed, 1.8k sf single-tenant, triple net-leased retail property in Lake Forest that is occupied by Starbucks Coffee with a drive-thru sold for $2.48 mil ($1,378/sf). The property is located at 20451 Alton Pkwy, w...
| Easterly Government Properties Buys 327k sf, OC Medical Office Building Fully Leased to the VA
Easterly Government Properties has acquired a three-story, 327.6k sf Class A medical office building in Loma Linda. Although we don’t have the sale price, we can tell you the purchase was financed with a loan of $127.5 mil.
| OC Biz Park Traded in $8.5 Mil Deal
Betty L. Davies Family Limited Partnership has purchased Orangewood Business Plaza, a three-building, 49.9k sf industrial business park in Orange. The transaction came in at around $8.5 mil and was financed with a $3.9 mil ac...
| Exchange Investor Spends $10.8 Mil on OC Retail Asset
In a recent retail buy out of Orange County, Cathy Investments LLC purchased Seagate Plaza, a 30.2k sf, shopping center in Huntington Beach, for $10.8 mil ($358/sf). The property, located at 16031–16107 Bolsa Chica St, is 100...
| Final Building at Santa Ana Biz Campus Sells for $252/sf
WTW Properties LLC paid $3.3 mil for a 13.1k sf ($252/sf) building in Santa Ana. The facility, located at 154 E. Warner Ave, represents the final building at Brookhollow Freeway Showroom Center, an 87.6k sf, multi-tenant reta...
| Phase I of FLIGHT at Tustin Legacy Ready to Go with $141 Mil in Financing
Lincoln Property Company and Alcion Ventures have obtained $141.6 mil in financing for the construction of Phase I of FLIGHT at Tustin Legacy, a 470k sf creative office campus located in Tustin. The three-year construction lo...
| OC Office Property Trades for $27.5 Mil
Spectrum Tower, a 113.5k sf office property in Laguna Hills, was purchased by Monday Properties for $27.5 mil ($242/sf). The building is located at 23046 Avenida De La Carlote, amidst an area that is home to 22 major retail c...
| Office Building in Cypress Sells for $24 Mil
Uniwell Corp has acquired Cypress Crossroads, a 106.3k sf office building in Cypress, for $24 mil ($226/sf). The multi-tenant property was sold by Dornin Investment Group, who purchased the asset in 2014 as a lender-owned, va...
| Anaheim Industrial Property Sells for $12 Mil
An 81.8k sf industrial property in Anaheim has sold for $12.2 mil, or $149/sf. It was sold by Makena Properties.
The building is located at 5065 East Hunter Ave, north of the 91 Fwy and west of Imperial Hwy. The property is...
| Brandywine Homes Breaks ground on Buena Park Multifamily Project
Brandywine Homes has broken ground on Corsica, a 1.66-acre community offering 17 two-story townhomes. The development, located at 8572 Stanton Ave in Buena Park, is scheduled to open for sale in the fall.
The 1.8k sf to 2.1k...
| Crown Acquisitions Buys OC Apartment Property with $29 Mil Loan
Crown Acquisitions Inc has obtained a $29 mil loan for the purchase of Fullerton University Village, a student housing community located in Fullerton. The borrower plans to renovate the property and create a more dynamic livi...
| Savills Studley Takes Full Floor of Newport Beach Office Space
Savills Studley has signed a long-term lease for a 17.7k sf, full floor at 520 Newport Center Dr in Newport Beach. The firm will occupy the building’s eighth floor, the last available space in the prestigious office tower, in...