| 24 Hour Fitness Inks Lease for New Huntington Beach Location
24 Hour Fitness USA inked a 15-year, $11 mil lease for a 33.5k sf gym ($1.82/sf/mo) in Huntington Beach. The fitness chain’s new location is within Huntington South Shopping Center, located at 9051 Atlanta Ave, between Brookh...
| Exchange Investor Pays $13.7 Mil for Irvine Retail Property with Two Single-Tenant Buildings
Wesco Properties recently paid $13.69 mil for a retail property in Irvine, consisting of two single-tenant restaurant buildings totaling 12.6k sf on a 2.59-acre parcel. The buildings, located at 4020 and 4030 Barranca Pkwy, a...
| Trio of OC Office Properties Racapitalized in $108 Mil Transaction
Greenlaw Partners and Walton Street have recapitalized three Orange County, Class A multi-tenant office buildings in a transaction worth $108.5 mil. The deal is for three properties in the city of Orange, including: 600 City ...
| New $35 Mil Ladera Ranch Facility to Serve as HQ for SmartStop Self-Storage
The new, $35 mil SmartStop headquarters facility in Ladera Ranch has been completed. The state-of-the-art, mixed-use complex is 120k sf in size. It contains the Ladera Sports Center, a 63k sf gymnasium, a 42k sf self-storage ...
| Merlone Geier Partners Undertakes Major Renovation and Rebranding of Laguna Hills Mall
Construction has started on Five Lagunas, a project that includes the rebranding and renovation of the Laguna Hills Mall in Laguna Hills. The center’s rebranding to Five Lagunas pays homage to the five towns situated in close...
| Anaheim Multifamily Property Sells for $212k/Unit
French Country Apartments, a 33-unit residential property in Anaheim, traded hands for $7 mil ($212k/unit).
French Country, built in 1986 and situated on 1.19 acres, consists of seven, two-story residential buildings, a swi...
| Yorba Linda Retail Property Purchased for $15.8 Mil by Beverly Hills Investment Entity
A Beverly Hills-based private investment group, an affiliate of Greenbridge Investment Partners, has acquired Home Ranch Center, a 54.2k sf, value-add neighborhood shopping center in the affluent Orange County community of Yo...
| OC’s Savi Tech Center Campus Trades Hands
Savi Tech Center, a four-building, 376.8k sf office/technology campus situated on more than 19 acres in Yorba Linda, has traded hands in a deal estimated to be valued near $95 mil, or around $250/sf. The property, acquired by...
| OC Retail Center Refinanced with $6 Mil Loan Provided by Chase Commercial Mortgage Lending
CBRE Capital Markets’ Debt & Structured Finance team has arranged a $6 mil refi loan on Newport Mesa Plaza, a 15k sf retail center in Costa Mesa. Located at 488 East 17th St, Newport Mesa Plaza also borders Newport Beach, one...
| Anaheim Retail Site Sells for $73/sf
A 46.6k sf lot in Anaheim sold for $3.4 mil, or about $73/sf. The site, located at 924-926 S Beach Blvd, currently contains a motel and a retail property.
The two-story Lyndy's Motel on the property was built in 1961. It is ...
| Decron Properties Group Buys 349-Unit, OC Res Property
Decron Properties Corp has acquired Adagio at South Coast, a 349-unit multifamily apartment community in Santa Ana, for $96 mil ($275k/unit). The property was sold by Prime Residential.
Adagio at South Coast is a garden-sty...
| Private Investor Buys and Sells OC Industrial Assets in $7.3 Mil 1031 Exchange
Two Orange County industrial properties traded hands in separate deals that made up a 1031 exchange by a private investor, Krickl Family Trust. The transactions had a combined value of $7.3 mil.
In the first transaction, Kri...
| BC 2 Environmental Leases 32k sf in the City of Orange
BC 2 Environmental, a provider of environmental and geotechnical drilling services, has inked five-year leases for two nearby spaces in the city of Orange. The deals, which are for properties at 1150 and 1250 West Trenton Ave...
| CapRock Partners Picks Up Two Industrial Buildings in Garden Grove
CapRock Partners recently spent $9.43 mil for two industrial properties in Garden Grove. The properties, which sit on one parcel and total 76.9k sf, were purchased from an unidentified local investor.
The acquisition includ...
| Ultra-Luxury Senior Living Project Breaks Ground in Laguna Niguel
Work has started on Crestavilla, a $100 mil, senior living project in Laguna Niguel. The ultra-luxury retirement community will provide an array of services comparable to a five-star hotel.
Crestavilla is being developed by...
| Pacific Southwest Realty Services Arranges $7.25 Mil on Corona Del Mar Office Property
Pacific Southwest Realty Services closed a $7.25 mil, non-recourse loan on a 31.5k sf, low-rise office building with an interior courtyard and two levels of subterranean parking in Corona Del Mar. The property is located on ...
| Historic Office Property in Downtown Orange Trades for $500/sf
Old Towne Orange Plaza Square, an 8.9k sf, historic office building commonly known as the “Swift & Swift Building,” sold for $4.45 mil, which works out to $500/sf. The two-story building was sold by Swift & Swift, a full-ser...
| Raintree Partners Closes $163 Mil OC Res Buy
Raintree Partners has purchased eaves by Avalon, a 628-unit residential apartment community in Tustin, for $163.55 mil, a price that works out to over $260k/unit. The property, constructed in phases between 1968 and 1972, was...
| Balboa Peninsula Boutique Hotel Project Breaks Ground
R.D. Olson Development has broken ground on its latest hotel development: the 130-room Lido House, a much anticipated boutique hotel to be situated on more than four acres on the former Newport Beach City Hall site. The City ...
| Apartment Complex in City of Orange Goes for $255k/Unit
A 15-unit apartment complex in the city of Orange sold for $3.82 mil, or $255k/unit. The property, located at 1844-1846 W. Culver Ave, east of I-5 and north of the 22 Fwy, was acquired as an investment.
The two-story complex...