| 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...
| Costa Mesa FedEx Facility Sells for $300/sf
A 112k sf, FedEx-occupied building in Costa Mesa has been acquired by Santa Monica-based BLT Enterprises Inc for $33.4 mil, or $298/sf. As part of the transaction, FedEx will remain in the building, located at 1650 Sunflower,...
| OC Office Complex Goes for $32.8 Mil
Benchmark Holdings paid $32.83 mil for Alton Deere Plaza, a 185.2k sf ($177/sf), multi-tenant office park located in the Irvine Business Complex in the city of Santa Ana.
The property, located at 1920-1940 Deere Ave, consist...
| Rexford Industrial Realty Pays $36 Mil for Two SoCal Properties
Rexford Industrial Realty recently completed the acquisition of two industrial properties in deal totaling $35.9 mil. The acquisitions were funded with cash on hand.
In one of the transactions, Rexford acquired 4175 E. Cona...
| Raintree Partners Underway with CA Mixed-Use Projects Valued at Over $500 Mil
OC-based Raintree Partners is currently under construction on three mixed-use projects in California totaling more than $500 mil in value. The projects include: a 465-unit apartment and co-working property in Sunnyvale; a 109...
| Hotel Near Disneyland Lands $20 Mil Refi Loan
Continental Partners has secured $20.5 mil in fixed-rate, non-recourse refinancing for the Sheraton Garden Grove-Anaheim South Hotel, a 285-room hotel near the Disneyland theme park. The property consists of a 186k sf, seven-...
| Doyle Properties Spends $20 Mil on OC HQ Property
An 84.9k sf industrial property in Anaheim was acquired by Doyle Properties LLC for $19.81 mil ($233/sf) as part of a 1031exchange transaction. The asset was sold by Blackstone Group.
The property will be occupied by the Eco...
| OC Office High-Rise Sells for $59 Mil
A SoCal-based 1031 exchange investor paid $58.9 mil for 200 Center, a 191.6k sf, Class A high-rise office building located in Downtown Anaheim. The asset is occupied entirely by St. Joseph Health System, which has a long-term...
| CenterPoint Properties Pays $131 Mil for OC Cross-Dock Facility
A 1.084 msf industrial cross-dock facility in Buena Park has sold for $131.5 mil ($123/sf), in what we’re told is the largest contiguous, single-tenant transaction in Orange County over the last 25 years. The property, locate...
| Private Investor Buys 70-Unit OC Apartment Asset
In a recent OC multifamily sale comp, a local private investor paid $13.8 mil for The Regent, a 70-unit property located at 1111 West Santa Ana Blvd, north of 1st St and west of I-5 in Santa Ana.
The asset was sold by an in...
| Private Investor Pays $242k/Unit for Santa Ana Residential Building
NNC Apartment Ventures LLC has acquired Broadway Apartments, a 21-unit multifamily property in Santa Ana, for $5.075 mil ($242k/unit). This is the first time the building has been sold since it was built in 1987.
| OmniDuct Pays $15 Mil for Buena Park Industrial Property
OmniDuct paid $15 mil all-cash for a 103.4k sf ($145/sf) industrial property in Buena Park. The company, a manufacturer of HVAV ductwork, is relocating from Anaheim to this new location at 6388-6400 Artesia Blvd, on the south...
| OC Net-Leased Fiat/Chrysler Dealership Property Sells for Over $9 Mil
A 26.2k sf, net-leased Fiat Chrysler car dealership in San Juan Capistrano sold for $9.1 mil, or $348/sf. The property, located at 32881 Camino Capistrano, was purchased by a private local buyer in a 1031 exchange. The deal c...
| Terra Universal Leases 45k sf of Industrial Space in Brea
Terra Universal has inked a lease for 45.2k sf of high-class industrial space at the Brea Business Park in the OC city of Brea. The project is owned by Brea Endeavor Holdings LLC.
Terra Universal leased the entire building ...
| Sterling Organization Picks Up Vacant, 76k sf Retail Asset in Garden Grove
Sterling Organization has acquired Pavilion Plaza West, a 75.9k sf, vacant retail building in Garden Grove, for $11 mil ($145/sf). The property, which was once a Vons Supermarket (Safeway), was purchased from a group of five...
| OC Office Renewal Takes Care of Payne & Fears
The law firm Payne & Fears LLP signed a seven-year lease renewal for 25.8k sf of office space at Jamboree Center in Irvine. The company, an Orange County-based labor & employment, business and insurance litigation firm, sign...
| Costa Mesa Residential Property Trades for $366k/Unit
The Courtyards, a 28-unit multifamily property in Costa Mesa, sold for $10.25 mil ($366k/unit). The property, situated on 1.2 acres at 324 East 20th St, midway between the 55 Fwy and Irvine Ave, was 100% occupied at the time ...