| Space Investment Partners Closes $24.5 Mil Acquisition in Costa Mesa
Space Investment Partners has acquired Back Bay Center, a 58k sf, mixed-use retail and office property in Costa Mesa, in a $24.5 mil transaction. The property is located at 2651-2675 Irvine Ave, just south of confluence of th...
| OC Retail Property Trades in $8.5 Mil Deal
A local movie theater owner paid $8.5 mil for a 30k sf ($283/sf) retail property in Garden Grove. The property, located at 12141 Valley View, was formerly operated as an AMF bowling center. The new owner plans to redevelop an...
| OC Retail Center Refinanced with $101 Mil in Bridge Money
DJM Capital Partners Inc has obtained $101.3 mil in non-recourse bridge debt for La Habra Marketplace, a 375k sf, 37-acre open-air regional shopping center in La Habra. Dual-anchored by two top-name grocery stores, Sprouts an...
| Nara Investments Starts Work on Dual-Brand Hotel Near Disneyland in Anaheim
Nara Investments has broken ground on a 223-room, dual-brand hotel in Anaheim. Comprised of a Hilton Garden Inn and Home2 Suites, the 220k sf property is located just two blocks from Disneyland Resort and will feature a host ...
| Norman International Buys La Palma Office Property
Norman International Inc, a family-owned packaging company, purchased a 22.3k sf office building in La Palma. The single-story building, located at 28 Centerpointe Dr, was sold by Greenlaw Partners and Westbrook Partners.
| Costa Mesa Apartment Building Trades for $379k/Unit
Jim Colombo, a private investor, paid $7.2 mil for 19@18th, a 19-unit ($379k/unit) apartment building in Costa Mesa. The apartment building sits on a 30k sf lot at 145 East 18th St, just east of the 55 Fwy.
The buyer is plan...
| Draftsmen & Craftsmen
Work has just wrapped up on the Braille Institute Anaheim Center, a 14.7k sf building on the instituteís existing campus. The new state-of-the-art building replaces the instituteís former multi-structure facility and provides...
| $15.7 Mil Buys 37k sf OC Retail Property
La Palma Convenience Center, a 36.9k sf, Walgreens-anchored retail center anchored in the OC city of La Palma, sold for $15.7 mil, or $425/sf.
The property was built in 1975 and then renovated in 2007. It features a complim...
| KH Funding CA LLC Originates Its First Three Financings in California
KH Funding CA LLC has originated its first three loans in the state, totaling $13.85 mil. The financings were secured by development sites for two multifamily projects in West Los Angeles and a planned boutique hotel in Oran...
| A & M Properties Closes $76 Mil Apartment Buy in Mission Viejo
A & M Properties lnc paid $76 mil for ReNew at the Shops, a 400-unit ($190k/unit), garden-style multifamily property in Mission Viejo. The property was sold by San Francisco-based FPA Multifamily LLC.
ReNew at the Shops just...
| Irvine Ranch Water District Breaks Ground on Irvine Creative Office Project
Irvine Ranch Water District has broken ground on a new 70k sf, creative office community in Irvine. Named The Source H≤O as a creative identifier to the project location, the two-story, state-of-the-art office campus at 15550...
| OC Biz Park Trades in $22 Mil Transaction
Alere Property Group paid $21.95 mil for North Orange Industrial Park, a 139k sf ($158/sf) industrial business park in the city of Orange, in an off-market transaction. The property is located at 1481-1497 N. Main St and 1203...
| STC Management Closes $80 Mil OC Retail Acquisition
STC Management has acquired Anaheim GardenWalk, a 430k sf destination mixed-use entertainment center within walking distance of Anaheimís Disneyland Resort and the Anaheim Convention Center, in a deal valued at $80 mil ($186/...
| Caribou Industries Looking to Start Major Office Redevelopment within the Santa Ana Opportunity Zone
Santa Ana-based Caribou Industries has announced plans for a 1.7 msf office development at the former Orange County Register building called 625IVE, and One Broadway Plaza, within the Santa Ana Opportunity Zone. Caribou has e...
| OC Power Center Signs Four New Retailers
There have been four new leases totaling 12.8k sf at Brea Union Plaza, a 1.2 msf, 42-acre power center in Brea. Anchor tenants at the center, which was built in 1999 and is located at 315-2595 E. Imperial Hwy, include Nordstr...
| SteelWave and Invesco Begin Im-Press-Ive Redevelopment of Former L.A. Times Campus in Costa Mesa
Construction has started on The Press, a reinvention of the former LA Times Orange County printing press warehouse and press room into a reimagined creative work campus and proposed food hall. The 420k sf campus, located at 1...
| Commercial Real Estate Financing Briefs
AVISON YOUNG - Jay Maddox and Peter Sherman with Avison Young arranged a $29 mil loan on behalf of Mega Home LLC to refinance the construction and sell-out of a partially completed 80-unit condominium project located in Los A...
| L.A. Investor Buys Ground Lease on OC Red Robin
The ground lease to a single-tenant restaurant property occupied by Red Robin in Garden Grove was purchased for $3.45 mil by a Los Angeles-based, private investor in an all-cash deal. The property is located at 12007 Harbor B...
| BKM Capital Partners Closes on Third of Three Recent Light Industrial Portfolio Buys that Total Over $138 Mil
BKM Capital Partners acquired a two-property portfolio in San Diego for $16.6 mil. For BKM, this purchase is one of three recent light industrial multi-tenant portfolio acquisitions, which encompass more than 769.4k sf for a ...
| High-Profile Medical Office Building in Newport Beach Sells
A 12.5k sf, free-standing medical office property, located at 1601 Avocado Ave in the center of Newport Beach, traded hands. The high-profile, coastal building features high-quality finishes.
The property sits across the st...