| Four-Building OC Office Asset Trades for $55.6 Mil
In a recent OC office investment deal, JCR Capital has purchased Brea Corporate Plaza and Brea Park Centre, a four-building portfolio in the Orange County community of Brea. The buildings, which total 290.7k sf, fetched $55....
| NoCal Investor Spends $29 Mil on Anaheim Industrial Complex
Tri-Freeway Business Park, a 208.8k sf, multi-tenant industrial compound in Anaheim, was acquired for $29.45 mil ($141/sf) by a private, high-net-worth individual from Northern California. The deal closed at a 5.5% cap rate.
| Paragon Commercial Group LLC Buys 60k sf Shopping Center in City of Orange
Paragon Commercial Group LLC has acquired Rusty Leaf Plaza, a 60.3k sf, neighborhood shopping center in the Orange County community of Orange. Rusty Leaf Plaza is situated on 4.67 acres at 2512-2620 East Chapman Ave, one bloc...
| Stewart Weston Joins CBRE Capital Markets
Stewart I. Weston has joined CBRE Capital Markets as executive vice president. Based in Newport Beach, Weston will focus on enhancing the firm’s institutional multifamily investment sales presence across Southern California.
| Two Buildings Owned by The Muller Company Receive 2016 TOBY Awards
Two SoCal medical office buildings owned and managed by The Muller Company have received the 2016 The Outstanding Building of the Year® (TOBY) Award by the Building Owners and Managers Association (BOMA) in each of their resp...
| Bixby Land Closes $18 Mil OC Industrial Buy
Bixby Land Company picked up a 121.3k sf industrial building in Anaheim in a recent, $18.2 mil ($150/sf) all-cash purchase. The property is 100% occupied on a long-term lease by Blue Line Foodservice, a privately-held interna...
| Major Portion of The Village at Orange Retail Center Traded between Investors
A majority, 468k sf portion of The Village at Orange, an 850k sf retail center in the Orange County city of Orange, has sold for $84.5 mil, or about $180/sf. The transaction between two unnamed institutional investors did not...
| MARK YOUR CALENDAR: RENTV's Annual Orange County State of the Market Conference is January 26!
Don't miss this exciting and informative annual event about this important SoCal region. To find out how you can be involved in the conference, as a sponsor or a speaker, please call Steve Bloom at (310) 242-8613.
| OC Office Tower Acquired by Cypress Office Properties LLC and Harbert United States Real Estate Fund VI LP
A joint venture made up of has acquired 3 Hutton Centre, a 198.2k sf office tower located in the heart of the Orange County Greater Airport area. The property was sold by TH Real Estate, a division of TIAA Global Asset Manage...
| Trumark Homes Working on Four SoCal Res Communities
Trumark Homes is underway with four new SoCal residential communities totaling 363 homes, all in various stages of development. The projects are located in Costa Mesa, Santa Ana and Chino Hills.
One of the projects, Upcoast...
| Harbor Associates Lands Debt & Equity Money for 211k sf OC Office Asset
Harbor Associates has obtained debt and equity financing for Tustin Commons, a three-building office and flex portfolio totaling 210.9k sf in the Orange County city of Tustin. Proceeds of the transaction were used to acquire ...
| State-of-the-Art Retail Development in Buena Park Set to Open First Quarter 2017
The Source Retail, a 400k sf retail and entertainment center in Buena Park, is slated to open in the first quarter of 2017. The project is part of The Source, a 600k sf, mixed-use development containing a retail and entertain...
| FLIGHT Takes Off in Tustin
The City of Tustin has approved the Disposition and Development Agreement (DDA) and associated entitlements with Dallas-based Lincoln Property Company for FLIGHT at Tustin Legacy. This approval marks an important step toward ...
| OC Retail Center Trades for $488/sf
Brea Imperial Shopping Center, a 43.2k sf retail center in the city of Brea, sold for $21.06 mil ($488/sf) in a recent trade between investors. The center, situated on a five-acre site at the southwest corner of Imperial Hwy ...
| South OC Golf Course Property Trades Hands
Dove Canyon Country Club, a 230-acre golf club property in Rancho Santa Margarita, was acquired by SJS Tomorrow, LLC. The course, designed by golf legend Jack Nicklaus, was sold by Pacific Links International. The price was n...
| Buena Park Site Acquired for Multi-Brand Auto Dealership Project
A four-acre site in the OC city of Buena Park sold for $3.7 mil. The property is planned for the development of a new Chrysler, Dodge, Jeep and Ram auto dealership.
Located at 7301 Artesia Blvd, the parcel is part of a large...
| Bentall Kennedy Nabs 965k sf, Class A Industrial Asset in Anaheim
In an institutional industrial buy out of Orange County, Bentall Kennedy has purchased Anaheim Concourse, a seven-building, 965.3k sf property in Anaheim, for $188.2 mil ($195/sf). The Class A asset was sold by Panattoni Deve...
| Investor Venture Buys Newport Beach Office Asset
Newport Irvine Center, a three-story, Class A, 76.8k sf office property in Newport Beach, was acquired by Newport Beach-based Cress Capital and New York-based C-III in a recent OC investment deal. The price was not immediatel...
| Toastmasters International Pays Almost $20 Mil for HQ Office Building in Colorado
Toastmasters International purchased a vacant, 106.6k sf office building in Englewood, CO for $19.5 mil ($183/sf). The Class A building was sold by Columbia Property Trust.
Situated on a nine-acre site at 9127 South Jamaica ...
| OC Retail Center Traded in $56 Mil Deal
Plaza El Paseo at Rancho Santa Margarita Town Center, a 107k sf retail asset in the south OC city of Rancho Santa Margarita, sold for $56.6 mil. The sale came in at a cap rate of 5.39 percent, a cash-on-cash yield of 3.74 per...