| OC Creative Office Campus Changes Hands
The Hive, a recently extensively repositioned three-building 181.8k sf, coastal creative office campus in Costa Mesa, was acquired by Invesco Real Estate. The transaction price was not given out, although industry sources hav...
| Investor Exchanges into Two OC Multifamily Assets Totaling 34 Units
A 1031 exchange investor paid $9.55 mil for two multifamily properties totaling 34 units in Tustin. The acquisitions consisted of a 30-unit property at 15962-16002 S. Myrtle Ave, which sold for $8.25 mil ($275k/unit), and fou...
| Bayfront Office Property in Newport Beach Trades Hands
Bayside Square, a fee simple ofﬁce and medical project in Newport Beach consisting of two buildings totaling approximately 40k sf, was acquired by Bayside Square Investments LLC, an investment entity that includes the ...
| Eden Fertility Management Leases 19k sf of Newport Beach Medical Office Space
Eden Fertility Management LLC signed an 11-year lease for 19k sf of medical office space at Newport Heights Medical Campus, a newly built, Class A medical campus in Newport Beach. The lease value was not given out.
Built in ...
| EverWest Real Estate Investors and Frontal Trust Buy 99k sf OC Office Asset
EverWest Real Estate Investors, in partnership with Chilean-based fund manager Frontal Trust, has purchased 999 Town & Country, a 98.9k sf office property in the city of Orange.The property was sold by San Diego-based Westcor...
| Prosper Real Estate Pays $11.7 Mil for OC Office Building
Prosper Real Estate purchased a 37.1k sf office building in Lake Forest for $11.7 mil ($315/sf). The building, located at 25371 Commercentre Dr, east of I-5 off Bake Pkwy, was sold by Harbor Associates LLC.
| Irvine Company Buys 235k sf Office Asset in San Diego’s Del Mar Heights
Irvine Company has acquired Paseo Del Mar, a 235k sf, Class A office project located in Del Mar Heights. Paseo Del Mar is located at 12255, 12265 and 12275 El Camino Real, north of Hwy 56 and just east of I-5.
Completed in 2...
| Private Investor Buys 122k sf Anaheim Office Property
Stadium Centre, a six-story, 122k sf office property in Anaheim, was acquired by a private equity firm in a recent $28.8 mil ($236/sf) deal. The multi-tenant building is 98% occupied.
Built in 1985 and situated on 3.64 acres...
| Irvine Industrial Property Fetches $27.5 Mil
Von Karman Industrial Park, a 104.7k sf industrial facility in Irvine, was acquired by a private investor for $27.45 mil ($262/sf).
Built in 1979, Von Karman Industrial Park was renovated in 2012 and has a current occupancy...
| Angelo Gordon and Lincoln Property Company Buy 540k sf OC Office Portfolio
A joint venture of Angelo Gordon and Lincoln Property Company has acquired a four-property, 540k sf office portfolio in the southern OC cities of Newport Beach and Irvine. The asets were sold by Equity Office Management LLC, ...
| Mixed-Use Development in North Orange County Will Add New Retail and Over 200 Res Units
Brookfield Residential and Frontier Real Estate Investments have started construction of Lantana @Beach and The Village @Beach, a joint mixed-use development in north Orange County. The project – situated at Beach Blvd and Ga...
| OC Industrial Building Trades at 3.5% Cap Rate
A single-tenant 31.4k sf flex / industrial building in Costa Mesa sold for $6.82 mil, or $217/sf. The property, located at 340 Fischer Ave, just east of Red Hill Ave and the 55 Fwy, is fully leased to Toyota Racing Division.
| Irvine Office Asset Commands $107 Mil Price
The Atrium, a 302,877-square-foot, 10-story trophy office property in Irvine, was acquired by Kelemen Company in a recent transaction valued at $106.75 mil ($352/sf). The property was sold by Barings Real Estate, part of Bari...
| TruAmerica Multifamily Closes on $86 Mil OC Res Buy
TruAmerica Multifamily in partnership with capital partner ASB Real Estate Investments on behalf of its Allegiance Real Estate Fund, has acquired Corte Bella, a 251-unit multifamily community in the OC city of Fountain Valley...
| Two SoCal Multifamily Sales Generate $10.8 Mil
Two SoCal multifamily properties were purchased by different private buyers in separate deals totaling $10.8 mil. CBRE’s Dan Blackwell represented the seller, a family partnership, in both transactions.
In one of the deals,...
| Greylight Properties Buys Irvine Office Building
Greylight Properties LLC has purchased a 25.2k sf office building in Irvine. The property, located at 17922 Fitch, was sold by Red Hill Capital.
The building was built in 1979 and later renovated in 2015 to create a progress...
| OC Shopping Center Acquired by Merlone Geier Partners
Merlone Geier Partners, out of San Diego, has acquired the leasehold interest in Hunter Court, a 127.4k sf, community shopping center anchored by CVS/pharmacy, Ross Dress For Less in Orange County. The property is located jus...
| Shea Properties Starts Construction on 500k sf OC Industrial Development
Shea Properties has started construction on Shea Business Center, a new, state-of-the-art industrial park located on the former ITT site on Dyer Rd in Santa Ana. The recently acquired property will offer approximately 500k sf...
| NoCal Buyer Pays almost $1,000/sf for OC Retail Property
The Shops at Yorba Linda, an 8.1k sf, three-building retail center in Yorba Linda sold for $7.8 mil, or $963/sf. The fully occupied property is located at 4846-4854 Valley View Ave, at the intersection with Yorba Linda Blvd. ...
| Luxury Res Community in Costa Mesa Opens to the Public
580 Anton, a new five-story, 250-unit luxury apartment community in the Orange County city of Costa Mesa, has just opened to the public. The project is a development of Legacy Partners.
Legacy acquired the land in May 2015 i...