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April 15, 2024
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ORANGE COUNTY NEWS
Archive
1  | 2  | 3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  93
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• OC Multifamily Community Trades in $127 Mil Transaction
1/18/24
Regency Palms, a 310-unit gated multifamily community in Huntington Beach, traded hands in a $127 mil ($410k/unit transaction in one of the largest multifamily transactions in Orange County over the last 12 months. The buyer ...
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• Advantech Co Inks Ground Lease for 9.75 Acres at South Orange County Community College District ATEP Campus in Tustin
1/18/24
Advantech Co has signed a 75-year ground lease for 9.75 acres at South Orange County Community College District ATEP campus in Tustin. The transaction was valued at $264.8 mil. The firm, a Taiwanese-based maker of industrial...
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• NAIOP SoCal Announces 2024 Executive Committee and Board of Directors
1/17/24
The Southern California chapter of NAIOP has announced its 2024 Executive Committee and Board of Directors, including leaders from many of the most highly-regarded commercial real estate firms across Los Angeles and Orange co...
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• Anaheim Industrial Asset Purchased for $18.5 Mil
1/15/24
In an Anaheim industrial trade, a two-building, 88.1k sf complex went for $18.5 mil ($210/sf). The property, located at 3000 – 3010 East La Jolla St, was sold by a SoCal-based private seller. The two one-story buildings are ...
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• OC Multifamily Property Sells for First Time in 40 Years
1/11/24
Crestview Apartments, a 19-unit multifamily property in Costa Mesa, was purchased by a local private investor for $5.025 mil. The selling price, which came in at $563/sf and $264.5k/unit, marks the property’s first sale in ov...
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• Rexford Industrial Realty Ends 2023 with Two SoCal Buys and One Disposition
1/08/24
Rexford Industrial Realty Inc recently acquired two industrial property investments for an aggregate purchase price of $69.5 mil and sold one property for $11.3 mil. The acquisitions were funded using proceeds from forward eq...
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• Fullerton Biz Campus Property Trades for $227/sf
1/05/24
HK Ventures Inc paid $19.45 mil for Cedarwoods Business Park, an 85.7k sf ($227/sf), multi-tenant business park in Fullerton. The five-building property sits on almost five acres at 2461-2495 E. Orangethorpe Ave. Cedarwoods ...
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• Pricing Pressures Illuminate the Balancing Act in Southern California's Office Real Estate Transition
1/03/24
This report was provided by real estate services firm N.A.I. Capital Commercial Toward the yearend, Southern California witnessed a decline in office building sales, signaling a shift in individual markets. The slowdown in s...
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• TailoredSpace Announces Plans to Open Multiple New Coworking Campuses Across California in 2024
1/03/24
On the heels of opening their latest coworking location in San Juan Capistrano, the founders of TailoredSpace have announced plans to nearly double their portfolio in 2024, opening up to eight new coworking spaces in Californ...
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• Advanced Real Estate Closes Out 2023 with $234 Mil OC Multifamily Buy
12/29/23
Advanced Real Estate closed out the year with the purchase of a 714-unit multifamily community in Orange County in what we’re told stands as the largest single apartment property to sell in Southern California in all of 2023....
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• Chevron is Seeking Sites in Orange County and Riverside County
12/29/23
Site Criteria: • Pad Size: Approximately 35k sf – 85k sf (0.75 to 2 Acres) • Demographics: Medium to high density housing or planned growth • Traffic Volume: Potential of 40,000-50,000 CPD • Location: Out-parcel near ...
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• Owner/User Pays Over $500/sf for Irvine Building
12/28/23
E&N Highpoint LLC has acquired a two-story, 6.2k sf flex/R&D building in Irvine for $3.21 mil ($518/sf). Built in 2007, the building is located at 16150 Scientific Way, in the heart of the Irvine Spectrum submarket. The prop...
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• Santa Ana Industrial Asset Sells for Just Under $5 Mil
12/27/23
JA Roberto Investments has acquired two industrial buildings totaling 27.4k sf on 1.06 acres at 800-808 East Washington Ave in Santa Ana for $4.95 mil ($181/sf). 800-808 East Washington Ave has immediate access to the 5, 55...
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• OC Grocery-Anchored Center Trades
12/21/23
Buena Park Place, a grocery-anchored, 208.6k sf shopping center located in the OC city of Buena Park, was acquired by an unnamed private investor. The seller was SITE Centers Corp. Built in 1961 and renovated in 2016, the 10...
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• LA Investor Pays $292/sf for OC Biz Park
12/21/23
Harbor Warner Business Center, a 38.6k sf, industrial multi-tenant business park in Santa Ana, was purchased by a private investment fund in an $11.275 mil ($292/sf) transaction. The asset was sold by Rexford Industrial Realt...
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• Garden Grove Office Building Trades for $188/sf
12/15/23
Garden Grove Plaza, a 64.5k sf office building in Garden Grove, sold for $12.12 mil ($188/sf). The buyer was the City of Garden Grove. The five-story glass-and-steel office building is situated on just over two acres at 1296...
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• Tabani Group Spends $16.7 Mil on OC Retail Asset
12/14/23
Tabani Group paid $16.7 mil for Bristol Marketplace, a 107.7k sf retail property in Santa Ana. Bristol Marketplace is comprised of a 99.8k sf, two-story Kohl’s (dark) and adjacent shop space. The offering presented investors ...
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• Sudberry Properties Breaks Ground on Fourth Res Project within 230-Acre Civita Community in Mission Viejo
12/13/23
Sudberry Properties has broken ground on The Brynn, a 200-unit luxury apartment development with extensive amenities on 3.3 acres. The project is the fourth apartment neighborhood within the 230-acre Civita community in Missi...
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• Don't Miss RENTV's 2024 OC State of the Market Conference
12/06/23
RENTV's 2024 Orange County State of the Market Conference will be held on Thursday, March 21st at Irvine Company's Venue event facility, part of the firm's Spectrum Terrace office complex in Irvine.
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• Huntington Beach Multifamily Property Sells for Just Over $7 Mil
12/05/23
Tropicana Apartments, a 21-unit multifamily community in Huntington Beach, was purchased by a private, all-cash buyer in a $7.05 mil ($337.7k/unit) transaction. We’re told this was the largest apartment transaction in downtow...
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