| 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...
| Two-Tenant Center in Santa Ana Sells for $20 Mil
A two-tenant, NNN-leased property in Santa Ana sold for $20.1 mil. The property, located at the intersection of Segerstrom Ave and Bristol St, is occupied by Burlington Coat Factory and Aldi. It was recently renovated and bo...
| The Koll Company Buys 77k sf Building Adjacent to Irvine Business Complex
The Koll Company announced today it has acquired a 77k sf flex building adjacent to the Irvine Business Complex and has begun major renovations to upgrade the building for a new prospective tenant.
Located at 1361 Valencia ...
| Big-O Tires Store in OC Trades at 4.46% Cap Rate
A San Francisco-based private investor paid $2.8 mil for a 3.4k sf, auto-related, NNN investment in the city of Orange. The deal for the Big-O Tires store came in at a cap rate of 4.46%.
Originally built in 1969 on .29 acres...
| Local Investment Entity Pays $400k/Unit for Costa Mesa Res Community
Sundance West Apartment Homes, a 41-unit apartment community situated in Costa Mesa, sold for $16.35 mil ($399k/unit). It was acquired by an Orange County-based private family investment partnership that assumed the existing ...
| Hines and Oaktree Capital Management Buys 576k sf OC Mixed-Use Complex
Hines and Oaktree Capital Management LP have partnered up in the acquisition of the Beckman Coulter Campus, a 34-acre, mixed-use campus in Brea. Hines and Oaktree have had a very active partnership since 2010 with over 30 pro...
| Irvine R&D Building Sells for Over $300/sf
A 15.4k sf office building in Irvine was purchased for $4.8 mil ($312/sf) by an education company, which is expanding its current operations from a nearby building.
Located at 17791 Fitch Ave, the R&D building is close to J...
| Costa Mesa Sale is for a 63k sf Creative Office Property
A 62.9k sf, creative office campus in Costa Mesa sold for $13.7 mil ($218/sf). Located at 660 Baker St, the campus, which is currently undergoing an extensive remodel, contains four office buildings – one a 7.7k sf single-sto...