| ValueRock Completes Redevelopment of Retail Portion Lake Forest Center
ValueRock Realty Partners has completed the retail portion of a major redevelopment of Lake Forest Gateway Center in Lake Forest. The company has also received Lake Forest City Council approval to construct a 99-room Springhi...
| California Landmark Group Buys 186-Unit Res Asset in Westminster
California Landmark Group (CLG) has acquired The Windmill Apartments, a 186-unit multifamily property in Westminster. The entire property is encumbered by a ground lease with approximately 29 years remaining on the term, with...
| OC Office Market Vacancy Rate at Lowest Level Since 2007
At the end of the first quarter of 2017, the Orange County office market vacancy rate was in single digit territory, the lowest seen since 2007. The vacancy rate registered 9.1%, down 80 basis points from a year ago. At the e...
| Capital One Originates $77 Mil in Fannie Mae Loans on Three Properties for Kort & Scott Financial Group
Kort & Scott Financial Group has obtained $76.7 mil in Fannie Mae loans for a trio of California residential properties. The loans, provided by Capital One, enabled Kort & Scott to refinance a manufactured housing community i...
| NewMark Merrill Companies Recapitalizes Two Retail Centers
NewMark Merrill Companies has completed recapitalizations totaling $26.6 mil of two of its retail centers. The transactions consisted of a $19.1 mil refi of Bristol Warner Village, located in Santa Ana, and a $7.5 mil refinan...
| Irvine Company Buys 216k sf Irvine Spectrum Complex
Irvine Company has purchased Alton Plaza, a 19-building business campus within Irvine Spectrum. The company plans to revitalize the 216k sf complex, located on Alton Pkwy near the Irvine train station.
Alton Plaza is 95% lea...
| Karma Pays $56 Mil for Irvine Facility
Karma Automotive LLC has purchased the 262.5k sf Irvine facility that it had been leasing since August 2016 in a transaction valued at $56.25 mil, or $214/sf. Karma is an American car company that manufactures luxury hybrid p...
| Planned Res Development to Bring 600 Units to Santa Ana
Wermers Properties has announced plans for a 601-unit residential property in Santa Ana, whose design was inspired by the adjacent Santa Ana Zoo and Prentice Park. The project, Santa Ana First Street Apartments, was designed ...
| The Bascom Group Spends $94 Mil on 400 Units in Orange County
The Bascom Group LLC has acquired Villas at Tustin Apartments, a 406-unit infill apartment community located in the heart of Orange County, for $94 mil ($231.5k/unit). Villas at Tustin, constructed in 1972, is located at 2414...
| Guthrie Development Picks Up Fullerton Industrial Property
Guthrie Development paid $7.75 mil for 4200 Bonita, a 64.3k sf ($120/sf), occupied industrial building in Fullerton. The property was sold by BI Technologies, an electronics parts supplier that had owned and occupied the faci...
| Guthrie Development Spends $5.8 Mil on South OC Commercial Property
Guthrie Development recently purchased a six- building multi-tenant retail, office, and service commercial project totaling 24.5k sf in Laguna Niguel. The buildings, located at 27781-27841 La Paz Rd, were purchased from La Pa...
| OC Warehouse Property Trades in $3.8 Mil Deal
In a recent Orange County industrial sales comp, Calara Properties LLC paid $3.79 mil for a 19.7k sf ($192/sf) warehouse property in Tustin. The seller was Healing Word International.
Built in 1978, the property is located ...
| Work Gets Started on Irvine Luxury Res Complex
Sanderson J. Ray Development has broken ground on The Westerly, a new Class A luxury apartment development located on the southwest corner of Main St and Jamboree Rd in Irvine. The development marks Sanderson J. Rayís first l...
| 2,400-Student Irvine School Campus Completed for $126 Mil
Construction was recently completed on Irvine Unified School Districtís Portola High School, a 237k sf facility designed to provide a state-of-the-art, energy efficient education experience for 2,400 students. The project, wh...
| Leasehold Interest in South OC Retail Center Sells for $9 Mil
A private investor has paid $9 mil for the leasehold interest in Lake Forest Marketplace shopping center, a 110.3k sf neighborhood retail center in Lake Forest. It was sold by The Kutzer Company and OPC Acquisition 2 LLC.
| Recent Purchase of Fairmont Newport Beach Hotel Financed with $81 Mil Loan
HFF arranged $81.3 mil in acquisition/bridge financing for the recent purchase of Fairmont Newport Beach, a 444-room, full-service, AAAA-Diamond award-winning hotel in Newport Beach. The asset was acquired about a month ago f...
| Exchange Investor Spends Over $4 Mil on Anaheim Res Property
Olive Street Apartments, a 14-unit multifamily property in Anaheim, was purchased by a private investor for $4.19 mil, or $299k per unit. The buyer made the acquisition as part of a 1031 exchange.
The building, located at 12...
| Anaheim Industrial Asset Trades for $115/sf
A 144k sf industrial building in Anaheim was acquired by American Technologies for $16.6 mil, or $115/sf. Weíre told this transaction represents the largest industrial sale in the city of Anaheim since 2015.
The property, lo...
| Pendulum Property Partners Closes $41.7 Mil Purchase
Pendulum Property Partners purchased a 156.3k sf office building in Irvine for $41.675 mil, or $267/sf. The deal marks the firmís first acquisition since its inception seven months earlier.
Located at 5 Peters Canyon, the th...
| Lyon Living Lands Loans of $388 Mil on CA and CO Res Portfolio
Lyon Living has obtained $388.421 mil in combined financing for a seven-property multi-housing portfolio totaling 2,152 units in Orange County, CA and Colorado. The seven separate loans were arranged by HFF and funded through...