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March 28, 2024
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ORANGE COUNTY NEWS
Archive
1  | 2  | 3  | 4  |  5  | 6  | 7  | 8  | 9  | 10  ...  93
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• Sunland Nutrition Purchases 41k sf Aliso Viejo Industrial Building in Owner/User Deal
5/01/23
Sunland Nutrition acquired a 40.8k sf industrial building in Aliso Viejo for $14.07 mil ($345/sf). Sunland will use the building, located at 81-91 Columbia, for its headquarters and warehouse. 81-91 Columbia is located in an...
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• Watermarke Properties Spends $22.5 Mil on OC Office Building
4/28/23
Watermarke Properties has purchased City Centre I, a 6.8-acre, multifamily redevelopment project in the City of Orange, for $22.5 mil. The asset is located at 625 The City Drive South, west of I-5 and adjacent to the south si...
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• NewMark Merrill Companies’ San Diego Office Celebrates 20 Years
4/26/23
Next month, Calabasas-based NewMark Merrill Companies celebrates the firm’s 20-year anniversary of when the company first opened its San Diego Division office to oversee the San Diego, Riverside and Orange County regions. In ...
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• Irvine Flex/Office Building Sells for $11.8 Mil
4/21/23
A two-story, 41.6k sf flex-office building in Irvine sold for $11.87 mil ($285/sf). The building, located at 8 Hughes, was sold by Stivers Investment Company. Built in 2000, the building is situated on 2.39 acres of land wit...
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• Champion Real Estate Company Secures $40 Mil Refi on OC Student Housing Property
4/14/23
Champion Real Estate Company has refinanced University Village Fullerton, a 121 unit/427-bed student housing property in Fullerton, with a new loan for $40.5 mil. The property is located at 2000 Oxford Ave, just north of Yorb...
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• Commercial Real Estate Financing Briefs
4/14/23
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL -- Tom Turnage and Joe Galosic, Jr with Bellwether Enterprise originated a $58 mil loan to finance a luxury apartment community in Santa Barbara County. The property is a best-in-clas...
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• George Urban Advisors, Five Horizons Partners and DRA Advisors Pick Up 851k sf SoCal Industrial Portfolio
4/12/23
George Urban Advisors, in partnership with Five Horizons Partners and DRA Advisors, has acquired a portfolio of seven industrial properties in Orange County and Los Angeles County. The properties encompass 851.1k sf of space ...
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• Draftsmen & Craftsmen
4/12/23
Hendy has wrapped up work on a total interior renovation of the Pacific Life corporate headquarters building in Newport Beach. The 465k sf facility is located at 700 Newport Dr. Dubbed by employees as, ‘Workplace Transformat...
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• Newport Beach Apartment Property Goes for $720k/Unit
4/11/23
A five-unit multifamily complex in Newport Beach traded in a $3.6 mil deal, which works out to $720k per unit. Constructed in the 1970s, the property is located at 800-808 Amigos Way, just west of Jamboree Rd. The complex is...
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• Sunrise Management Awarded Management Assignment for Two SoCal Multifamily Communities
4/10/23
Providence Capital Group has awarded the day-to-day management assignment for two SoCal res communities to San Diego-based Sunrise Management. The properties are Arte West, a 228-unit, four-story luxury community in Santa Ana...
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• Barker Pacific Group and Kingsbarn Realty Capital Pay $82 Mil for 560k sf OC Office Complex
4/07/23
A joint venture between Barker Pacific Group and Kingsbarn Realty Capital acquired Griffin Towers, a 560k sf, office park featuring twin 13-story office buildings in Santa Ana, in an $82 mil transaction. The property was sol...
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• New 300-Unit Anaheim Res Community Now Under Construction
3/29/23
Construction is underway at Zia, a five-story wrap-style apartment community located in Anaheim. The project is a development of MBK Rental Living, in a joint venture with Haseko Corporation. Offering upscale living with eas...
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• OC Office Building Trades in $43 Mil Deal
3/27/23
A 113.9k sf office building in Irvine traded hands in a recent $43.5 mil ($382/sf) transaction. The building, located at 16355 Laguna Canyon Rd, received multiple offers. The three-story building sits on 6.61 acres at the so...
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• See the Speaker Panels from March 16 OC CRE Conference
3/20/23
Below are pics of the Office, industrial, retail, multifamily and finance panels from RENTV's 2023 Orange County State of the Market Conference, held March 16 at Irvine Company's Venue event facility in Irvine. Venue is part...
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• Ground Lease for South OC Retail Center Trades in $14 Mil Buy
3/14/23
The ground lease for Lake Forest Marketplace, a 111.2k sf, multi-tenant retail property in Lake Forest, has sold in a $14.2 mil transaction. The asset, located at 23771 to 23841 El Toro Rd, was purchased by an OC-based privat...
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• The Goddard School Signs Ground Lease for 1.44 Acres at South Coast Orange County Community College
3/13/23
PJRJPA Venture LLC inked a 75-year ground lease for 1.44 acres at South Orange County Community College District ATEP campus in Tustin for use as Goddard School. The transaction was valued at $27.3 mil. The primary period o...
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• Exchange Investor Struck $13.5 Mil Deal for OC Biz Park
3/09/23
Struck Business Park, a 42.8k sf, two-building industrial project in the City of Orange, was acquired by an all-cash buyer in a 1031 Tax Deferred Exchange for $13.5 mil ($315/sf). The property is comprised of 16 industrial un...
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• Commercial Real Estate Financing Briefs
3/08/23
CBRE CAPITAL MARKETS -- Mark McGovern, Colby Matzke, Brian Cruz, Scott Lewis, Matt Ballard and Gaby Llanes with CBRE arranged a $19.1 mil, fixed-rate acquisition loan for 451 South Western Blvd in Denton, TX, which includes t...
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• City of Santa Ana Spends $10.5 Mil on 2.5-Acre Industrial Property
3/07/23
The City of Santa Ana acquired a 2.49-acre industrial outdoor storage parcel with a 3.9k sf single-story building in Santa Ana for $10.5 mil. The property is located at 4404 W. 1st St, just west of Harbor Blvd. The property ...
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• $16.8 Mil Sandi Simon Center for Dance Completed at Chapman University
2/27/23
Chapman University has completed construction of its Sandi Simon Center for Dance, a project that involved the adaptive reuse of an historic Villa Park Orchards (VPO) packing house originally built in 1918. The work was done ...
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