| Merlone Geier Partners Spends $21 Mil on OC Retail Asset
Merlone Geier Partners purchased Warner West, a 73.4k sf, value-add retail redevelopment site in Huntington Beach, for $21.4 mil. The property was sold by a private family trust that has owned the asset for more than 45 years...
| Commercial Real Estate Financing Briefs
GRANDBRIDGE REAL ESTATE CAPITAL - Hunter Curtis and Taylor Curtis with Grandbridge Real Estate Capital originated a $45 mil first mortgage loan secured by 4100 Newport Place Drive, a 190.4k sf, Class A office property in Newp...
| Lincoln Property Company-Led Venture Buys 90k sf Office Asset in Newport Beach
In a notable office buy in Newport Beach, a joint venture between Lincoln Property Company and an institutional advisor has purchased a seven-story, 90.7k sf building located at 1500 Quail St for $32.14 mil ($354/sf). The pro...
| Draftsmen & Craftsmen
The city of Laguna Niguel has broken ground on Crown Valley Park Community Building, a 30k sf, three-story building in the southern OC city. The $25 mil project marks the final phase of a three-tier improvement plan for Crown...
| Investor Exchanges into OC Office Property
In a recent Orange County office sales comp, a 1031 exchange investor paid $8.675 mil for a 43.8k sf ($198/sf) multi-tenant building in the city of Brea. Built in 1988 as a single-tenant, build-to-suit, the two-story asset un...
| Two-Tenant Center in Santa Ana Sells for $20 Mil
A two-tenant, NNN-leased property in Santa Ana sold for $20.1 mil. The property, located at the intersection of Segerstrom Ave and Bristol St, is occupied by Burlington Coat Factory and Aldi. It was recently renovated and bo...
| The Koll Company Buys 77k sf Building Adjacent to Irvine Business Complex
The Koll Company announced today it has acquired a 77k sf flex building adjacent to the Irvine Business Complex and has begun major renovations to upgrade the building for a new prospective tenant.
Located at 1361 Valencia ...
| Big-O Tires Store in OC Trades at 4.46% Cap Rate
A San Francisco-based private investor paid $2.8 mil for a 3.4k sf, auto-related, NNN investment in the city of Orange. The deal for the Big-O Tires store came in at a cap rate of 4.46%.
Originally built in 1969 on .29 acres...
| Local Investment Entity Pays $400k/Unit for Costa Mesa Res Community
Sundance West Apartment Homes, a 41-unit apartment community situated in Costa Mesa, sold for $16.35 mil ($399k/unit). It was acquired by an Orange County-based private family investment partnership that assumed the existing ...
| Hines and Oaktree Capital Management Buys 576k sf OC Mixed-Use Complex
Hines and Oaktree Capital Management LP have partnered up in the acquisition of the Beckman Coulter Campus, a 34-acre, mixed-use campus in Brea. Hines and Oaktree have had a very active partnership since 2010 with over 30 pro...
| Irvine R&D Building Sells for Over $300/sf
A 15.4k sf office building in Irvine was purchased for $4.8 mil ($312/sf) by an education company, which is expanding its current operations from a nearby building.
Located at 17791 Fitch Ave, the R&D building is close to J...
| Costa Mesa Sale is for a 63k sf Creative Office Property
A 62.9k sf, creative office campus in Costa Mesa sold for $13.7 mil ($218/sf). Located at 660 Baker St, the campus, which is currently undergoing an extensive remodel, contains four office buildings – one a 7.7k sf single-sto...
| Commercial Real Estate Financing Briefs
NEWMARK – George Mitsanas and Chandler Hogue with Newmark® arranged $54 mil in fixed-rate financing for Artisan Apartments in Huntington Beach. Located directly off I-405 and adjacent to numerous lifestyle and employment cent...
| Exchange Investor Pays Over $16 Mil for Warehouse Asset in Brea
A 99.6k sf industrial building in Brea sold for $16.12 mil ($162/sf). The property was purchased by a private investor who was in a $28 mil 1031 exchange.
The warehouse property, constructed in 1974, is located at 331-333 Cl...
| NoCal Investor Pays $482/sf for OC Multi-Tenant Retail Center
Walnut Town & Country, a 22.3k sf multi-tenant retail center in the OC city of Walnut, sold for $10.75 mil ($482/sf). The center is 95% occupied and includes Jack in the Box, Subway, Wing Stop, Lollicup and Mathnasium.
| The Bascom Group’s Latest OC Purchase Adds to the Legend of Sleepy Hollow
The Bascom Group LLC has acquired Sleepy Hollow Apartments, a 25-unit infill apartment community located in OC community of Anaheim Hills, for $7.54 mil ($301.6k/unit). The property is located at 124 N Tustin Ave, adjacent to...
| OC Apartment Sale Trades at $305k/Unit
Gilden Properties LLC paid $5.5 mil for an 18-unit ($305.5k/unit) apartment complex in the City of Orange.
The property sits within a residential neighborhood, just one mile from Chapman University. The two, single-story bui...
| JH Real Estate Partners Pays over $46 Mil for OC Community Center
JH Real Estate Partners has purchased Bristol Center, a 165.5k sf, community retail center in Santa Ana, for $46.46 mil ($282/sf). It was sold by Sarofim Realty Advisors, a Dallas-based investment advisor.
Built in 1974, Br...
| CNI College Inks $16 Mil Lease in Santa Ana
CNI College, an Orange County-based nursing school, agreed to a $16 mil, 130-month lease for 52.1k sf ($2.36/sf/mo) of space in Santa Ana. The deal is at Pacific Center, located at 1610 St Andrews Place.
Pacific Center is a ...
| OC Office Park Trades Hands in $150 Mil Deal
Rockpoint Group LLC has completed its purchase of The Summit Office Campus, a five-building, 479.5k sf mid-rise office project in Aliso Viejo. The asset was sold by a global investment advisor in a deal said to be worth north...