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September 19, 2020
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• 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...
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• 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...
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• 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 ...
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• 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...
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• The Bascom Group and Village Partners Team Up in Development Venture
Two Orange County-based real estate firms, The Bascom Group LLC and Village Partners Inc, have formed a joint venture called Village Partners Ventures LLC. Village Partners Ventures will target transit-oriented and mixed-u...
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• Buena Park Industrial Facility Sells for $25.5 Mil
A 218.6k sf, single-tenant net-leased industrial property in Orange County traded hands for $25.5 mil ($117/sf) in an off-market deal said to be the largest free-standing industrial sale in Orange County so far in 2016. The p...
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• Tustin Warehouse Building Sells for Over $4 Mil
A 24.1k sf industrial warehouse building in Tustin sold for $4.2 mil, or $174/sf. The property, located at 14401 Franklin Ave, was sold by Brian Bennett Revocable Trust. Built in 1976, the building is situated near near Jamb...
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• Irvine Corp HQ Building Trades in $8 Mil Deal
Zion Enterprises has purchased a 35.4k sf office building in Irvine in an $8.2 mil ($232/sf) deal. The property was sold by Western Growers Association, who occupied the property as its corporate headquarters since it was dev...
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• Tustin Orchard Supply Hardware Building Sells for Nearly $500/sf
A 39k sf, a net lease investment property in Tustin was acquired for $18.75 mil ($481/sf) by a 1031 exchange investor. The property is fully occupied by Orchard Supply Hardware, a hardware, garden and home improvement product...
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• Owner/User Picks Up Vacant Garden Grove Office Building
A 26.7k sf, vacant office building in Garden Grove traded hands in a recent $6.2 mil ($232/sf) deal. The buyer, Nhan Hoa Comprehensive Clinic Inc, plans to expand their presence in Garden Grove and convert the building to a n...
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• BLT Enterprises Spends $28 Mil on 170k sf OC Portfolio
BLT Enterprises has acquired a four-building office, flex and industrial portfolio encompassing 170.4k sf and spanning four Orange County cities, for $28 mil, or $164/sf. The properties were sold by LA-based Cordia Capital Ma...
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• Law Firm of Jackson Lewis Leases Full Floor at Irvine Office Tower
The law firm of Jackson Lewis has signed a full floor, 22k sf lease at 200 Spectrum Center Drive, a 21-story vertical office property within Irvine Spectrum. The building is now more than 60% leased. Ranked 76th in the AmLa...
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• Swift Realty Partners Closes OC Office Buy
San Francisco-based Swift Realty Partners has acquired Fountain Valley Plaza, a 107.4k sf, multi-tenant office campus in Fountain Valley. Although the price was not given out, sources estimate it went for around $21 mil ($195...
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• New 250-Room Huntington Beach Hotel Features a Beach-Inspired Design
Paséa Hotel & Spa, a new, 250-room hotel project in the heart of downtown Huntington Beach, has just been completed. The hotel, situated directly across from the famous Huntington Beach Pier, is a development of Newport Beach...
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• Olen Properties Completes $45 Mil OC Office Buy
In a recent OC investment buy, Olen Properties has acquired Main & Redhill Business Center, a 15-building, low-rise office campus totaling 203.9k sf of space in Irvine, for $44.8 mil ($220/sf). The 97-percent-leased business ...
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• Owner/User Spends $9.5 Mil on Garden Grove Industrial Property
King Shocks bought a 55.6k sf, single-tenant industrial building in Garden Grove for $9.45 mil, or $170/sf. King Shocks, an American manufacturer of off-road automotive parts based out of Garden Grove, will use this property ...
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• Vestar Awarded Management Assignment for Two SoCal Retail Centers
Vestar has been retained by a large institutional owner as the property management firm for Clairemont Town Square, a 550k sf, community lifestyle center located in San Diego, and Anaheim Hills Festival, a 567k sf community a...
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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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