| Exchange Investor Buys and Sells Res Properties in Costa Mesa
Two apartment buildings with a combined 11 units in Costa Mesa have sold for a total of $4.9 mil. The transactions were both part of a single investor’s 1031 exchange, one being the sale and the other the purchase side. Dan B...
| OC Joe’s Crab Shack Purchased for $3.4 Mil
A private investor paid $3.375 mil for the ground lease of a single-tenant property fully occupied by Joe’s Crab Shack in Garden Grove. Joe’s Crab Shack has been at the property for over 10 years and has approximately two yea...
| Mission Viejo Retail Shops Property Sells for $780/sf
An OC-based family investment entity purchased the 16.6k sf shops component within Avery Center in Mission Viejo for $12.95 mil, or $780/sf. The acquisition includes two fully occupied retail buildings located at 28601 to 286...
| SteelWave Buys 103k sf OC Creative Office Property
SteelWave recently acquired AIRspace, a 103k sf, high-identity, creative office asset in Tustin. Located at 15771 Red Hill, AIRspace is positioned within the Greater Airport Area submarket in the burgeoning Red Hill Corridor....
| OC Multihousing Market Set Record with Highest Average Asking Rent in 1Q 2019
The average asking rent for Orange County multifamily housing set a new record in 1Q 2019, according to the latest data from real estate services firm NAI Capital. The average asking rent hit $1,979/unit, up 0.5% from the pri...
| Retail Property in Westminster Goes for $427/sf
A private investor paid $7.05 mil for Westminster Golden Center, a 16.5k sf ($427/sf) shopping center in the Little Saigon submarket of Westminster.
Westminster Golden Center is located at the southwest corner of Westminster...
| Kingsbarn Realty Capital Picks Up 83k sf OC Office Asset
In a recent OC office buy, Kingsbarn Realty Capital purchased a two-story, 83.2k sf Class A office property in Foothill Ranch. Built in 1998, the property is located at 27042 Towne Center Dr, just off the 241 Toll Road and La...
| Draftsmen & Craftsmen
Work has begun on Orange Coast College’s (OCC) new $36 mil Kinesiology and Athletics Complex in Costa Mesa. The 88k sf, multi-building complex is one part of a broader project to revitalize and modernize OCC’s campus, and one...
| BKM Capital Partners Closes Its Second Institutional Fund with $382 Mil in Equity Commitments
BKM Capital Partners, an institutional fund manager with a niche focus on value-add, light multi-tenant industrial investments, has closed its second institutional fund, BKM Industrial Value Fund II, L.P., with $382 mil in eq...
| Dollinger Properties Buys 145k sf OC Office Building
Dollinger Properties purchased Fairway Center I, a 145.5k sf suburban office building in the Orange County community of Brea, in a recent $33.5 mil ($230/sf) transaction.
Situated on 5.5 acres at 1800 E. Imperial Highway, F...
| OC Office Asking Rates Hit New High in First Quarter 2019
The Orange County office market ended 1Q 2019 in a strong position. The average asking rent rose to the highest level on record while the vacancy rate inched up with construction added to the inventory, according to the lates...
| West Harbor Capital Buys 8.7 Acres of Development Land in La Habra
An 8.67-acre land parcel in La Habra was purchased by West Harbor Capital, a Torrance-based private equity investment firm. West Harbor, which focuses exclusively on the investment and asset management of industrial propertie...
| Rexford Industrial Realty Spends $84 Mil on Four SoCal Assets
Rexford Industrial Realty Inc recently acquired four SoCal industrial properties in deals totaling $84.5 mil. The acquisitions were funded using cash on hand.
According to comments from the company, this acquisition of over ...
| Newport Beach Investor Exchanges into Two OC Multifamily Properties Totaling $14 Mil
A private 1031-exchange investor from Newport Beach acquired two OC multifamily properties for a total of $14 mil. The assets, totaling 44 units, are in Anaheim and Costa Mesa. CBRE’s Dan Blackwell represented the buyer in bo...
| CenterPoint Properties Awards Leasing for 1.1 msf OC Facility to CBRE
CenterPoint Properties has awarded the leasing assignment for a 1.1 msf, revamped industrial building in Buena Park, at the northwestern edge of Orange County, to CBRE.
Located at 6800 Valley View, the massive industrial spa...
| New OC Fabrication Facility Completed for Southland Industries
Southland Industries, one of the largest mechanical, electrical and plumbing (MEP) systems firms in the nation, has completed a new 160k sf fabrication facility in Garden Grove. The project, located at 12131 Western Ave, was ...
| Branch West Real Estate Partners and The Bascom Group Buy OC Res Development Site
BWV W. Katella LLC, a joint venture between Branch West Real Estate Partners LLC and The Bascom Group LLC, has acquired a 1.1-acre parcel of land in the city of Orange for a new residential development. The site is located at...
| OC Water Park Property Lands $170 Mil in New Financing
Colorado-based McWhinney has secured $170 mil in financing for the Great Wolf Lodge, a nine-story water park resort in the OC city of Garden Grove. The financing was arranged by Berkadia.
The 105k sf Great Wolf Lodge is situ...
| OC Retail Property Trades at 5.13% Cap Rate and for Over $900/sf
Cypress Village Shopping Center, a three-building, 16.4k sf urban retail property in the OC city of Cypress, sold for $14.95 mil ($912/sf). Situated on 2.41 acres at 9515 to 9575 Valley View St, the asset is 100% occupied and...
| Private Investor Closes $4.9 Mil OC Retail Purchase
A private investor paid $4.9 mil for a 15.4k sf ($318/sf) retail property in Tustin. The building is located at 1620 North Tustin St, just west of the 55 Fwy at 17th St.
The property includes 98 parking spaces. Jo-Ann Fabri...