| Olen Properties Spends $75 Mil on Newport Beach Office Building
Olen Properties has purchased 4100 Newport Place Drive, a 190.4k sf, Class A office tower in Newport Beach, for $75.6 mil, or $397/sf. The asset was sold by American Realty Advisors, one of the largest privately-held real est...
| Greenlaw Partners and Westbrook Partners Close $100 Mil OC Investment
Greenlaw Partners and Westbrook Partners have teamed up in a large, institutional-quality OC buy, paying $106.1 mil for Centerpointe La Palma, a 525.6k sf ($202/sf) business park in La Palma. The 10-building property, which w...
| Draftsmen & Craftsmen
Renovation work has been completed at Harbor Medical Center, a three-story, 35.7k sf medical office building in Fullerton. The property is located at 2720 N. Harbor Blvd, near Bastanchury Rd and St. Jude Medical Center.
| Industrial Income Trust Pays $7.3 Mil for OC Manufacturing Facility
Industrial Income Trust closed on an OC industrial acquisition, paying $7.3 mil for a 45.5k sf ($160/sf) facility in Fullerton that is 100% occupied by Chefmaster, a division of Byrnes & Kiefer Company -- a leading manufactur...
| Construction Started on Upscale Res Project in Brea
Western National Group, Anchor Real Estate Capital and Fantasia Holding Group have started construction of a new, luxury multifamily development in Brea. The project, slated to contain 206 units, is to be named Calligraphy.
| Drawbridge Realty Buys OC Office/R&D/HQ Facility
Drawbridge Realty has acquired a fully leased, 144.9k sf, Class A office/R&D building in Lake Forest for $32.4 mil. Located at 26200 Enterprise Way, the single-tenant, net-leased facility was sold by Barings Real Estate Advis...
| Local Developer Spends $13 Mil on Older OC Multifamily Property
Garden Grove Manor Apartments, a C Class, 78-unit multifamily property in Garden Grove, sold for $13.2 mil, or $169.2k/unit. The asset, located at 10642 Bolsa Ave, south of the 22 Fwy and east of I-405, was acquired by a loc...
| Knowlton Communities Lures Fishing Products Biz into 25k sf OC Lease Renewal
Lucky Craft Lure Co, a fishing lure and product manufacturer, agreed to a 10-year, $2.92 mil lease renewal for its 25.3k sf ($0.96/sf/mo) industrial space in Costa Mesa. The facility is located at 380 Clinton St, just east of...
| Experiential Urban Lifestyle Development Planned for Westminster’s Little Saigon
A new residential/mixed-use development is planned for the OC city of Westminster that is expected to serve as the gateway to “Little Saigon,” the largest Vietnamese community in the U.S. Called Bolsa Row, the project is bein...
| OC Retail Center Refinanced with $60 Mil Loan
Plaza de la Paz, a 295k sf shopping center in the OC city of Laguna Niguel, has been refinanced with a new, $60 mil loan. The center, located at 27241 La Paz Rd, is owned by a local, family-based investment entity.
Plaza de ...
| Owner/Users Trade Tustin Industrial Facility
A 33.5k sf industrial property in Tustin sold for $6.65 mil ($199/sf). The property, located at 2961 Dow Ave, west of the intersection of Jamboree Rd and I-5, includes a yard. It was purchased by Dailin Holdings.
| Investment Venture Pays $383/sf for OC Office Asset
A joint venture between Greenlaw Partners and Hilrod paid $59.8 mil for 4400 MacArthur, a nine-story, Class A office building totaling 156.3k sf ($383/sf) of space in Newport Beach The property, which is located within the ma...
| OC Multifamily Remains Strong with a Vacancy Rate of Just 4.1%
The multifamily housing market in Orange County remained very strong in the second quarter of 2017, maintaining high occupancy while the average asking rent continued to rise. According to NAI Capital’s just-released Multifam...
| LA Investor Picks Up Fee Interest in 73k sf OC Neighborhood Center
An LA-based private investor paid $18.5 mil for the fee interest in Anaheim Lincoln Shopping Center, a 73k sf neighborhood shopping center in Anaheim. The deal came in at 1.37% cap rate on the 2016 ground rent. The seller was...
| Primary Color Systems Corp Leases 187k sf OC Facility
Primary Color Systems Corp inked a 10-year lease for a 187.5k sf facility in Cypress that the firm intends to use as its corporate HQ. The lease value was not given out.
The property, located at 11130 Holder St, is a high-im...
| Five Point Holdings-Led Venture Obtains New Financing of $339 Mil on Irvine Biz Campus
A Five Point Holdings LLC entity has obtained $339 mil of new financing for Five Point Gateway, a four-building office/R&D campus in Irvine. Five Point Holdings, which holds a majority of the equity interest in the property i...
| Three 99 Cents Only Stores Fetch 1,240,000,000 Cents
A trio of 99 Cents Only stores, located in the Greater LA area cities of Walnut Park, Huntington Park, and Hawthorne, traded hands in deals totaling $12.4 mil, more than $170k above the list prices. The store in Walnut Park w...
| Affordable Housing Project in Fullerton Gets Underway
Related California has begun work on a 55-unit affordable housing project in Fullerton. The multifamily apartment complex, the firm’s fourth affordable housing project, is being built by R.D. Olson Construction.
The project ...
| Draftsmen & Craftsmen
Construction has been completed on the Newport Beach Country Club, a 65k sf, two-level development by International Bay Clubs LLC. The $50 mil project was built by C.W. Driver Companies’ affiliate Driver SPG, an arm that spec...
| OC Two-Tenant Retail Building Goes for $1,357/sf
A 4.2k sf, two-tenant retail building occupied by Dunkin’ Donuts/Baskin Robbins Drive-Thru and MOD Pizza in Foothill Ranch sold for $5.7 mil ($1,357/sf). The property, located at 26722 Portola Pkwy, is part of Foothill Ranch ...