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Garden Grove Warehouse Facility Trades in $27 Mil Deal 8/01/17 Monarch Industrial, a multi-tenant, 276.6k sf warehouse facility in Garden Grove, was purchased by Penwood Real Estate and Western Realco in a recent $27 mil ($98/sf) transaction. The property is fully occupied by four tenant...
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Sacramento Ranked 10th on CBRE List of Tech Talent Momentum Markets 7/28/17 Sacramento ranked #10 on CBRE’s list of tech talent momentum markets, a measurement of the change in tech job growth, as part of its fifth annual Scoring Tech Talent Report.
The report finds that tech job growth gained mome...
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OC Starbucks Trades at 3.48% Cap Rate 7/27/17 A newly developed, 1.8k sf single-tenant, triple net-leased retail property in Lake Forest that is occupied by Starbucks Coffee with a drive-thru sold for $2.48 mil ($1,378/sf). The property is located at 20451 Alton Pkwy, w...
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Easterly Government Properties Buys 327k sf, OC Medical Office Building Fully Leased to the VA 7/18/17 Easterly Government Properties has acquired a three-story, 327.6k sf Class A medical office building in Loma Linda. Although we don’t have the sale price, we can tell you the purchase was financed with a loan of $127.5 mil.
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OC Biz Park Traded in $8.5 Mil Deal 7/14/17 Betty L. Davies Family Limited Partnership has purchased Orangewood Business Plaza, a three-building, 49.9k sf industrial business park in Orange. The transaction came in at around $8.5 mil and was financed with a $3.9 mil ac...
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Exchange Investor Spends $10.8 Mil on OC Retail Asset 7/13/17 In a recent retail buy out of Orange County, Cathy Investments LLC purchased Seagate Plaza, a 30.2k sf, shopping center in Huntington Beach, for $10.8 mil ($358/sf). The property, located at 16031–16107 Bolsa Chica St, is 100...
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Final Building at Santa Ana Biz Campus Sells for $252/sf 7/12/17 WTW Properties LLC paid $3.3 mil for a 13.1k sf ($252/sf) building in Santa Ana. The facility, located at 154 E. Warner Ave, represents the final building at Brookhollow Freeway Showroom Center, an 87.6k sf, multi-tenant reta...
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Phase I of FLIGHT at Tustin Legacy Ready to Go with $141 Mil in Financing 7/11/17 Lincoln Property Company and Alcion Ventures have obtained $141.6 mil in financing for the construction of Phase I of FLIGHT at Tustin Legacy, a 470k sf creative office campus located in Tustin. The three-year construction lo...
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OC Office Property Trades for $27.5 Mil 7/10/17 Spectrum Tower, a 113.5k sf office property in Laguna Hills, was purchased by Monday Properties for $27.5 mil ($242/sf). The building is located at 23046 Avenida De La Carlote, amidst an area that is home to 22 major retail c...
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Office Building in Cypress Sells for $24 Mil 7/05/17 Uniwell Corp has acquired Cypress Crossroads, a 106.3k sf office building in Cypress, for $24 mil ($226/sf). The multi-tenant property was sold by Dornin Investment Group, who purchased the asset in 2014 as a lender-owned, va...
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Anaheim Industrial Property Sells for $12 Mil 6/30/17 An 81.8k sf industrial property in Anaheim has sold for $12.2 mil, or $149/sf. It was sold by Makena Properties.
The building is located at 5065 East Hunter Ave, north of the 91 Fwy and west of Imperial Hwy. The property is...
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Brandywine Homes Breaks ground on Buena Park Multifamily Project 6/30/17 Brandywine Homes has broken ground on Corsica, a 1.66-acre community offering 17 two-story townhomes. The development, located at 8572 Stanton Ave in Buena Park, is scheduled to open for sale in the fall.
The 1.8k sf to 2.1k...
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Crown Acquisitions Buys OC Apartment Property with $29 Mil Loan 6/28/17 Crown Acquisitions Inc has obtained a $29 mil loan for the purchase of Fullerton University Village, a student housing community located in Fullerton. The borrower plans to renovate the property and create a more dynamic livi...
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Savills Studley Takes Full Floor of Newport Beach Office Space 6/27/17 Savills Studley has signed a long-term lease for a 17.7k sf, full floor at 520 Newport Center Dr in Newport Beach. The firm will occupy the building’s eighth floor, the last available space in the prestigious office tower, in...
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Costa Mesa FedEx Facility Sells for $300/sf 6/27/17 A 112k sf, FedEx-occupied building in Costa Mesa has been acquired by Santa Monica-based BLT Enterprises Inc for $33.4 mil, or $298/sf. As part of the transaction, FedEx will remain in the building, located at 1650 Sunflower,...
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OC Office Complex Goes for $32.8 Mil 6/23/17 Benchmark Holdings paid $32.83 mil for Alton Deere Plaza, a 185.2k sf ($177/sf), multi-tenant office park located in the Irvine Business Complex in the city of Santa Ana.
The property, located at 1920-1940 Deere Ave, consist...
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Rexford Industrial Realty Pays $36 Mil for Two SoCal Properties 6/23/17 Rexford Industrial Realty recently completed the acquisition of two industrial properties in deal totaling $35.9 mil. The acquisitions were funded with cash on hand.
In one of the transactions, Rexford acquired 4175 E. Cona...
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Raintree Partners Underway with CA Mixed-Use Projects Valued at Over $500 Mil 6/20/17 OC-based Raintree Partners is currently under construction on three mixed-use projects in California totaling more than $500 mil in value. The projects include: a 465-unit apartment and co-working property in Sunnyvale; a 109...
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Hotel Near Disneyland Lands $20 Mil Refi Loan 6/20/17 Continental Partners has secured $20.5 mil in fixed-rate, non-recourse refinancing for the Sheraton Garden Grove-Anaheim South Hotel, a 285-room hotel near the Disneyland theme park. The property consists of a 186k sf, seven-...
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Doyle Properties Spends $20 Mil on OC HQ Property 6/14/17 An 84.9k sf industrial property in Anaheim was acquired by Doyle Properties LLC for $19.81 mil ($233/sf) as part of a 1031exchange transaction. The asset was sold by Blackstone Group.
The property will be occupied by the Eco...
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