| Commercial Real Estate Financing Briefs
NEWMARK – George Mitsanas and Chandler Hogue with Newmark® arranged $54 mil in fixed-rate financing for Artisan Apartments in Huntington Beach. Located directly off I-405 and adjacent to numerous lifestyle and employment cent...
| Exchange Investor Pays Over $16 Mil for Warehouse Asset in Brea
A 99.6k sf industrial building in Brea sold for $16.12 mil ($162/sf). The property was purchased by a private investor who was in a $28 mil 1031 exchange.
The warehouse property, constructed in 1974, is located at 331-333 Cl...
| NoCal Investor Pays $482/sf for OC Multi-Tenant Retail Center
Walnut Town & Country, a 22.3k sf multi-tenant retail center in the OC city of Walnut, sold for $10.75 mil ($482/sf). The center is 95% occupied and includes Jack in the Box, Subway, Wing Stop, Lollicup and Mathnasium.
| The Bascom Group’s Latest OC Purchase Adds to the Legend of Sleepy Hollow
The Bascom Group LLC has acquired Sleepy Hollow Apartments, a 25-unit infill apartment community located in OC community of Anaheim Hills, for $7.54 mil ($301.6k/unit). The property is located at 124 N Tustin Ave, adjacent to...
| OC Apartment Sale Trades at $305k/Unit
Gilden Properties LLC paid $5.5 mil for an 18-unit ($305.5k/unit) apartment complex in the City of Orange.
The property sits within a residential neighborhood, just one mile from Chapman University. The two, single-story bui...
| JH Real Estate Partners Pays over $46 Mil for OC Community Center
JH Real Estate Partners has purchased Bristol Center, a 165.5k sf, community retail center in Santa Ana, for $46.46 mil ($282/sf). It was sold by Sarofim Realty Advisors, a Dallas-based investment advisor.
Built in 1974, Br...
| CNI College Inks $16 Mil Lease in Santa Ana
CNI College, an Orange County-based nursing school, agreed to a $16 mil, 130-month lease for 52.1k sf ($2.36/sf/mo) of space in Santa Ana. The deal is at Pacific Center, located at 1610 St Andrews Place.
Pacific Center is a ...
| OC Office Park Trades Hands in $150 Mil Deal
Rockpoint Group LLC has completed its purchase of The Summit Office Campus, a five-building, 479.5k sf mid-rise office project in Aliso Viejo. The asset was sold by a global investment advisor in a deal said to be worth north...
| Panattoni Development Starts Work on 232k sf OC Industrial Development
Panattoni Development Company Inc has just broken ground on Orange County Commerce Center, a four-building, 232k sf industrial project situated at the border of Anaheim and Placentia. Panattoni is developing this property in ...
| Mark Moshayedi and Ryan Gallagher Form Space Investment Partners
Mark Moshayedi and Ryan Gallagher have joined forces to launch Space Investment Partners, an Irvine-based commercial real estate operating company. Space Investment Partners, a fully-integrated real estate investment, develop...
| Merlone Geier Partners Spends $30 Mil on Value-Add OC Retail Buy
Merlone Geier Partners has acquired College Plaza Shopping Center in Fullerton from a private investor for $29.7 mil. The 77.3k sf retail property is located at 2400-2520 East Chapman Ave, just west of the 57 Fwy.
| 60-Year-Old Apartment Property in Costa Mesa Sells for $400k/Unit
Casa Del Mar, a 16-unit apartment building in Costa Mesa, was purchased by a local syndication investor and management company for $6.4 mil, or $400k/unit. The property, located at 147 East 18th St, just east of the 55 Fwy by...
| Premier Business Centers Hires Michael Pollack as Vice President/Director of Real Estate
Michael Pollack has been named Vice President, Director of Real Estate for Premier Business Centers, the Irvine-based flexible workspace operator.
Pollack will be handling all new location acquisitions and renewals, as well ...
| Cypress Development Site Sells for $2.4 Mil
A 34.8k sf, mixed-use development site in Cypress sold for $2.4 mil ($69/sf). The property is located at 6072 and 6076 Lincoln, south of the 91 Fwy and just east of Valley View St.
The property is within walking distance to ...
| Harbor Associates and The Bascom Group Spend $37 Mil on Two SoCal Office Properties
Harbor Associates LLC and joint venture partner The Bascom Group LLC have acquired two CA office buildings, in Los Angeles and Del Mar, in separate transactions totaling $37.4 mil. The two properties have a combined 114k sf o...
| Pacific Industrial Closes $33 Mil OC Industrial Buy
In recent industrial investment news out of Orange County, Pacific Industrial paid $33 mil for a two-building, 157.2k sf ($210/sf) industrial property situated immediately adjacent to John Wayne Airport in Costa Mesa. Pacific...
| OC Industrial Portfolio Trades in $23 Mil Transaction
Duke Realty acquired Northpoint Commerce Industrial Park Portfolio, a two-building, 119.4k sf industrial portfolio in Fullerton, for $22.8 mil ($191/sf). The Class A properties were sold by a private seller that was advised b...
| Newport Beach Office Asset Traded for Over $10 Mil
BLD Ventures LLC purchased a 25.9k sf office building in Newport Beach for $10.5 mil ($405/sf). The building is located at 20377 SW Acacia St, southwest of the 73 Fwy off Irvine Ave.
Brian Garbutt of Lee & Associates Irvine ...
| Tustin R&D Property Goes for $122/sf
Pacific Tustin Commercenter, a 69.9k sf, industrial/R&D flex property in Tustin, sold for $8.5 mil, or $122/sf. The Class A, multi-tenant building is located at 1421-1481 Edinger Ave, at the signalized corner of Edinger and R...
| Hines-Led Venture Secures $144 Mil in New Financing on Irvine Office Complex
A joint venture between Hines and a leading global investment management firm has secured $144 mil in new financing on Intersect, a four-building, 452.2k sf office campus they own in Irvine. The Class A, mid-rise complex is l...