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May 25, 2020
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• Buchanan Street Partners Closes 196k sf Dallas Area Office Buy
Bluffview Towers, a 196.4k sf office property adjacent to Dallas Love Field Airport was acquired by Buchanan Street Partners. The two-building property, which was sold Commercial Developments International (CDI), marks Buchan...
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• Drawbridge Realty Closes $37 Mil Buy in Orange County
San Francisco-based Drawbridge Realty recently closed on an Orange County office/R&D buy, paying $37 mil for a 171.3k sf ($216/sf) building in Santa Ana. The three-story, Class A building is 100 percent leased to Abbott Medic...
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• Greenwave Systems Leases Full Floor at Irvine Office Tower
Greenwave Systems has signed a 22.2k sf, full-floor lease at 200 Spectrum Center Drive, a 426k sf office tower in Irvine. This new lease for the building’s 15th floor will bring occupancy at 200 Spectrum Center Drive to nearl...
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• TruAmerica Multifamily and Berkshire Group Team Up in Laguna Niguel Res Buy
TruAmerica Multifamily and an affiliate of Berkshire Group have acquired Career Lofts, a newly constructed 142-unit Class A apartment community at 28150 Cabot Road in Laguna Niguel, in an off-market transaction. The price wa...
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• Irvine Office Building Trades in $66 Mil Transaction
J+R Group, an Orange County-based real estate investor and developer, paid $66 mil for a 191.8k sf ($344/sf), Class A office building in Irvine. It was sold by Piedmont Office Realty Trust Inc. The property is located at 190...
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• Investor Doesn’t Stop Believin’ in Journey Business Park
Journey Business Park, a two-building, 60.6k sf R&D property in the south Orange County city of Aliso Viejo, sold for $14 mil, or $231/sf. The multi-tenant property is fully occupied by 16 tenants. Built in 1999 and located...
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• Santa Ana Res Property Changes Hands in $10.8 Mil Deal
A 70-unit multifamily asset in the Flower Park section of Santa Ana has traded for $10.8 mil, or $154.3k/unit. Santa Anita Prop LP, a partnership associated with Landmark Realty & Property Management, Los Angeles, acquired th...
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• HomeAid Orange County Launches 9th Annual Essentials Donation Drive
This past Tuesday, HomeAid Orange County, in partnership with the Children and Families Commission of Orange County, kicked off the 9th Annual Essentials donation drive at their Community Partner Luncheon held at Casa Teresa ...
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• High-End Res Condo Project Slated for Newport Beach
Newport Center Anacapa Associates LLC has announced plans to build 150 Newport Center, a seven-story, 49-unit luxury residential condominium development located at Newport Center Dr and Anacapa Dr, adjacent to Fashion Island....
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• The PRES Companies, CitiVest and Bitcentral Convert Part of OC Office Building into Condo Units for Small Businesses
Joint venture partners The PRES Companies, CitiVest and Bitcentral have launched an office condo project in Orange County to satisfy some of the demand from small- to mid-sized Orange County businesses to own their office spa...
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• Harbor Associates Buys 37k sf Irvine Spectrum Building
Harbor Associates LLC has acquired 3 Burroughs, a 37k sf, former flex office building in Irvine that will be transformed into a Class A creative office campus. The project will be rebranded as ‘Bespoke Irvine’. Built in 198...
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• OC Office Lease Rates Rise for the 11th Consecutive Quarter
The Orange County office market continued to improve during the first quarter of 2016, posting just over 125k sf of positive net absorption for the quarter, according to the latest research from real estate services firm Kidd...
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• SeneGence Relocates to 50k sf Foothill Ranch Space
SeneGence International inked a seven-year, $4.5 mil lease for 50k sf ($1.07/sf/mo) of space in Foothill Ranch. The company, a multi-faceted beauty and personal care firm, is relocating from its current headquarters in the Ir...
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• Major New Office Development to Take FLIGHT in Orange County
Lincoln Property Company Southern California plans to start work later this year on FLIGHT at Tustin Legacy – a mixed-use/office development located in the heart of Orange County. Formerly known as Cornerstone I at Tustin Le...
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• Irvine Industrial Property Sells for $240/sf
An 11.5k sf, industrial property within the Irvine Spectrum in Irvine recently sold for $2.81 mil, or $244/sf. Located at 3 Wrigley, in the heart of the Irvine Spectrum, the property is one of the smallest free-standing indus...
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• OC Office Building Sells for $5 Mil
In a recent OC office sale comp, a two-story, 21.3k sf building in Laguna Niguel sold for $5.05 mil, or $237/sf. Located at 29982 Ivy Glenn, between Alicia Pkwy and Crown Valley Pkwy, the property was renovated in 2003 and fe...
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• OC Office Asset Trades Hands in $20 Mil Transaction
Centrum South, a five-story, 90.2k sf office building in the city of Orange, was acquired for $20.46 mil ($227/sf) by a client advised by investment advisor Bailard Inc, in partnership with CT Realty. The property, located at...
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• Huntington Beach Retail Property Trades for $773/sf
A newly-redeveloped, 24k sf retail center in Huntington Beach was purchased by an OC-based private investor for $18.56 mil ($773/sf) in an off-market transaction. The property, located on 1.96 acres at the southeast corner o...
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• Over 1,200 Attendees for the Apartment Association of Orange County’s 45th Annual Trade Show & Conference
Last week in Costa Mesa, the Apartment Association of Orange County hosted “The Heroes of Rental Housing,” its 45th Annual Tradeshow and Conference. More than 1,200 people packed the fairgrounds to meet vendors, network with...
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• Kidder Mathews Opens New OC Office
Commercial real estate services firm, Kidder Mathews, has opened its 14th office in Orange County. The firm recruited several local brokers who have extensive careers and experience in the Orange County marketplace. The new...
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