| Newport Beach Investor Exchanges into Two OC Multifamily Properties Totaling $14 Mil
A private 1031-exchange investor from Newport Beach acquired two OC multifamily properties for a total of $14 mil. The assets, totaling 44 units, are in Anaheim and Costa Mesa. CBREís Dan Blackwell represented the buyer in bo...
| CenterPoint Properties Awards Leasing for 1.1 msf OC Facility to CBRE
CenterPoint Properties has awarded the leasing assignment for a 1.1 msf, revamped industrial building in Buena Park, at the northwestern edge of Orange County, to CBRE.
Located at 6800 Valley View, the massive industrial spa...
| New OC Fabrication Facility Completed for Southland Industries
Southland Industries, one of the largest mechanical, electrical and plumbing (MEP) systems firms in the nation, has completed a new 160k sf fabrication facility in Garden Grove. The project, located at 12131 Western Ave, was ...
| Branch West Real Estate Partners and The Bascom Group Buy OC Res Development Site
BWV W. Katella LLC, a joint venture between Branch West Real Estate Partners LLC and The Bascom Group LLC, has acquired a 1.1-acre parcel of land in the city of Orange for a new residential development. The site is located at...
| OC Water Park Property Lands $170 Mil in New Financing
Colorado-based McWhinney has secured $170 mil in financing for the Great Wolf Lodge, a nine-story water park resort in the OC city of Garden Grove. The financing was arranged by Berkadia.
The 105k sf Great Wolf Lodge is situ...
| OC Retail Property Trades at 5.13% Cap Rate and for Over $900/sf
Cypress Village Shopping Center, a three-building, 16.4k sf urban retail property in the OC city of Cypress, sold for $14.95 mil ($912/sf). Situated on 2.41 acres at 9515 to 9575 Valley View St, the asset is 100% occupied and...
| Private Investor Closes $4.9 Mil OC Retail Purchase
A private investor paid $4.9 mil for a 15.4k sf ($318/sf) retail property in Tustin. The building is located at 1620 North Tustin St, just west of the 55 Fwy at 17th St.
The property includes 98 parking spaces. Jo-Ann Fabri...
| 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/...