| OC Assisted Living Facility Financed with New $13.5 Mil Loan
Azure Leisure Living has obtained a $13.5 mil loan on La Palma Royale, a 73.6k sf, two-story, assisted living facility in Anaheim. The financing was provided by iBorrow.
Originally built in 1974, the property is located at 5...
| OC Industrial Asset Fetches $144/sf
In OC industrial investment news, Western Realco purchased a five-building, 180.1k sf industrial
property in Brea for $26 mil ($144/sf). The property is situated on 15.8 acres at 404, 423, 424, 436 and 484 Berry St.
| Harbor Associates LLC and Stockbridge Capital Group Pick Up OC Office Complex
Tustin Commons, a 210.9k sf, three-building, office and flex portfolio in the OC city of Tustin, was purchased by Harbor Associates LLC in a joint venture with Stockbridge Capital Group. The price was not disclosed.
| 24 Hour Fitness Shapes Up SoCal Presence with Four New SoCal Locations
Fitness chain 24 Hour Fitness recently 15-year leases totaling 157.5k sf of space for four new SoCal locations. Three of the transactions took place in the OC cities of Santa Ana, Huntington Beach and Fullerton, while the fou...
| Exchange Investor Pays $3.7 Mil for New OC Chipotle Restaurant Building
In a recent retail investment buy from Orange County, a new, 2.3k sf Chipotle Mexican Grill in Santa Ana traded hands for $3.7 mil, or $1,608/sf. The property sits on a 22.6k sf pad site at 629 S. Harbor Blvd, at the northeas...
| Manulife Financial Picks Up OC Office Building
Manulife Financial has acquired a five-story, Class A, 103.6k sf office property in Irvine. The property located at 17911 Von Karman, is situated in the Irvine Concourse, a 48-acre, master-planned office park within Orange Co...
| OC Office Campus Lands $33 Mil in New Financing
Hines and funds managed by Oaktree Capital Management L.P. have obtained $33 mil in financing for the Raytheon Office Campus, a three-building, 405.1k sf office property in Fullerton. The five-year, floating-rate loan was arr...
| Investor Snaps Up 29k sf Retail Asset in Santa Ana
A City of Commerce-based private investor paid $4.73 mil for Grovemont Square, a 29k sf ($163/sf) multi-tenant retail shopping center in Santa Ana. The property, located at 2428 North Grand Ave, traded at a cap rate of 4.26%....
| GI Partners Buys Alton Corporate Plaza in Irvine
GI Partners has acquired Alton Corporate Plaza, a two-building, 209.4k sf stabilized office campus in Irvine. The price was not disclosed.
Alton Corporate Plaza consists of an 80k sf building at 1733 Alton Pkwy and a 129.3k ...
| Premier Business Centers Adds New Irvine Location
Irvine-based Premier Business Centers has added a new executive office suite location at Airport Tower Plaza, a four-story office property located at 2082 Michelson Dr in Irvine. With three floors and 31.5k sf of serviced off...
| HFF Secures $62.5 Million Refi for 396K SF Datacenter in Irvine’s Airport Area
Holliday Fenoglio Fowler, L.P. (HFF) secured $62.5 million to refinance Irvine Crossings, a 395,673-square-foot, single-story datacenter and industrial property in the John Wayne Airport area of Irvine, California.
| Work Started on Two Affordable Housing Projects in Irvine
Two new residential rental communities have been started in Irvine by a venture between FivePoint, Related California, Riverside Charitable Corporation and ETHIC Housing (El Toro Housing Initiative Collaboration). FivePoint i...
| Two OC Industrial Sale Comps Total $8 Mil
Two industrial properties located in Orange County traded hands in separate transactions totaling about $8 mil.
In one of the deals, DMZ Management LLC acquired a 31.5k sf building located at 530 N. Puente St in Brea from Sh...
| Infinity Realty Advisors Buys 306-Room Hilton Irvine/Orange County Airport Hotel
Infinity Realty Advisors purchased the Hilton Irvine/Orange County Airport, a 306-room, full-service Hilton hotel in Irvine. The asset was acquired from DiNapoli Capital Partners free and clear of debt.
Hilton Irvine/Orange ...
| OC Office Asset Trades in $30 Mil Deal
Oakbrook Plaza, a 119.9k sf, multi-tenant Class A office building in Laguna Hills, was purchased by an affiliate of New York-based Angelo Gordon & Co in a $30 mil deal. The asset, situated on 6.85 acres at 24422 Avenida de la...
| Advanced Real Estate Services Completes $100 Mil OC Res Buy
In one of the largest SoCal multifamily acquisitions so far this year, Advanced Real Estate Services Inc (ARES) has purchased Camden Parkside Apartments, a 421-unit residential community in Fullerton. The asset was sold by Ca...
| La Habra Res Property Bought by Schroeder Investment Partners
Schroeder Investment Partners Inc has purchased Woodbine Apartments, a 26-unit residential asset in La Habra, for $5.72 mil, or $220k/unit. The deal drew seven competitive bids from a variety of SoCal investors and ended up s...
| OC Single-Tenant Building Sells for $600/sf
A new 5.5k sf, single-tenant building in La Habra sold for $3.3 mil, or $600/sf. The property, located at 1000 S. Beach Blvd, at the southeast corner with Fashion Square Lane, is absolute, NNN-leased to Black Bear Diner.
| Acquisition of 349-Unit OC Apartment Complex Financed with $75 Mil Loan
Meridian Capital Group has arranged $74.7 mil in acquisition and recapitalization financing for the purchase of Adagio at South Coast, a 349-unit multifamily property in Santa Ana. The buyer was Decron Properties, as reported...
| Karma Automotive Leases Former Kawasaki USA HQ Facility in Irvine
Karma Automotive LLC has inked a lease for the entire 262k sf, former Kawasaki USA HQ facility in Irvine. Karma, an American car company that manufactures luxury hybrid plug-in vehicles, will begin relocating from neighboring...