| 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...
| 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.