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August 7, 2020
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ORANGE COUNTY NEWS
Archive
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• Berkeley Partners Picks Up 118k sf OC Biz Campus from Rexford Industrial Realty
12/21/16
Berkeley Partners purchased a 117.8k sf OC industrial complex from Rexford Industrial Realty in a recent $17 mil ($144/sf) investment deal. The property, Yorba Linda Business Park, consists of four single-story buildings loca...
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• Two SoCal Industrial Sales Total $8 Mil
12/21/16
We’ve got a couple of recent SoCal industrial sales comps to share. The deals took place in Placentia and Riverside, and total about $8 mil. In the larger deal, a 29.6k sf facility in Placentia sold for $5 mil ($169/sf). The...
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• OC Lease Comp Review
12/19/16
We’ve got three recent leases from Orange County to report. The deals, in Santa Ana, Tustin and Anaheim, total nearly $5 mil in value and 55.2k sf of space. The Saywitz Company represented the tenants in all of the deals. In...
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• Increasing Demand for LA and OC Logistics Space to Push Up Leasing Rates in 2017
12/15/16
Soaring demand from e-commerce and third-party logistics companies for warehouse and distribution facilities is likely to push demand above available space in the greater Los Angeles and Orange County region, causing asking l...
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• Rexford Industrial Realty Completes Trio of SoCal Deals Worth $43 Mil
12/14/16
Rexford Industrial Realty Inc recently wrapped up a number of SoCal transactions. The firm acquired a two-building industrial project for $24.4 mil, and also sold two industrial properties for a total of $19 mil, using the sa...
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• John Bibeau and Steven Saunders Join CBRE
12/14/16
SoCal brokerage pros John Bibeau and Steven Saunders have joined CBRE, where they will focus on office and industrial transactions in the San Gabriel Valley and western Inland Empire markets. Bibeau, a Vice President at CBR...
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• Four-Building OC Office Asset Trades for $55.6 Mil
12/14/16
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....
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• NoCal Investor Spends $29 Mil on Anaheim Industrial Complex
12/12/16
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. ...
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• Paragon Commercial Group LLC Buys 60k sf Shopping Center in City of Orange
12/09/16
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...
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• Stewart Weston Joins CBRE Capital Markets
12/08/16
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. ...
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• Two Buildings Owned by The Muller Company Receive 2016 TOBY Awards
12/02/16
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...
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• Bixby Land Closes $18 Mil OC Industrial Buy
11/30/16
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...
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• Major Portion of The Village at Orange Retail Center Traded between Investors
11/30/16
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...
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• MARK YOUR CALENDAR: RENTV's Annual Orange County State of the Market Conference is January 26!
11/27/16
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.
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• OC Office Tower Acquired by Cypress Office Properties LLC and Harbert United States Real Estate Fund VI LP
11/23/16
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...
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• Trumark Homes Working on Four SoCal Res Communities
11/22/16
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...
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• Harbor Associates Lands Debt & Equity Money for 211k sf OC Office Asset
11/18/16
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 ...
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• State-of-the-Art Retail Development in Buena Park Set to Open First Quarter 2017
11/17/16
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...
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• FLIGHT Takes Off in Tustin
11/17/16
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 ...
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• OC Retail Center Trades for $488/sf
11/16/16
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 ...
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