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• Two Garden Grove Apartment Properties Generate $3.3 Mil
10/18/23
Two multifamily rental communities located on the same street in Garden Gove traded in recent deals with a combined price of $3.3 mil. The properties, located near the major thoroughfare of Euclid St and Katella Ave, contain ...
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• Commercial Real Estate Women Orange County to Host the 11th Annual SPIRE Awards
10/17/23
Commercial Real Estate Women Network’s 11th Annual SPIRE (Superior Performance In Real Estate) Awards is a black-tie gala honoring the best of Orange County’s real estate professionals. The event will take place on Friday, Oc...
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• NAIOP SoCal UCLA vs. USC Real Estate Challenge to be Held Thursday, November 16 on the USC Campus
10/11/23
The battle of real estate brains is back. On November 16, a five-member graduate student team from the Ziman Center of Real Estate at UCLA’s Anderson School of Business will compete against a five-member graduate student team...
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• OC Office Building Leased to the State of California Sells for $327/sf
10/11/23
Easterly Government Properties acquired a 95.4k sf, Class A office building in Anaheim in a $31.15 mil ($326.50/sf) trade. The property, 1065 Link, is 100% leased to the State of California.
1065 Link is a four-story institu...
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• Medical Office Building in South OC Trades for $436/sf
10/06/23
A SoCal-based investor paid $12 mil for a 27.5k sf ($436/sf) medical office building in San Clemente. The deal closed at a 6.93% cap rate.
The two-story building, built in 2002, is situated on 1.66 acres at 1300 Avenida Vist...
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• Two Anaheim Apartment Sales Total Up to $5.5 Mil
10/05/23
We’ve got news of two Anaheim multifamily property sales to separate buyers totaling 20 units for a combined price of about $5.5 mil. CBRE’s Dan Blackwell Andrew Boukather and Amanda Fielder represented the seller in the deal...
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• OC Multifamily Comp Works Out to $262k/Unit
10/04/23
A 16-unit multifamily asset in Anaheim sold for $4.2 mil to Emile’s Mart Car Wash LLC. The purchase price equated to a price of $262.5k per unit with a cap rate of 5.6%. The two-building, two-story complex was 100% leased at ...
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• Mexican Restaurant Leases 3.3k sf Space in Santa Ana
10/03/23
Miguel's Jr inked a 15-year, $2.5 mil lease for 3.3k sf ($4.20/sf/mo) of restaurant space in Santa Ana. Miguel's Jr has taken occupancy of a former Burger King drive thru location situated at 1766 E McFadden Ave. The property...
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• NAIOP SoCal’s Night at the Fights Havana Nights Entertains with CRE Industry Boxing Matches and More
10/02/23
More than 1,000 CRE professionals came together on September 21 at the OC Fair and Event Center to experience NAIOP SoCal’s Night at the Fights. Themed Havana Nights, the signature black-tie event featured a colorful celebrat...
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• Orange County Industrial Market Stabilizing
9/21/23
This report provided by real estate services firm Kidder Mathews
MARKET HIGHLIGHTS
• Direct vacancy rate, which is currently at 2.0%, is still reasonably low.
• Market rental average increased by 18% from year-to-year, rea...
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• TruAmerica Multifamily Buys OC Multifamily Community in $103 Mil Deal
9/19/23
TruAmerica Multifamily purchased Nineteen01, a 264-unit apartment asset in Santa Ana, in a $102.9 mil ($390k/unit) transaction. The Class A property, which was acquired in partnership with PCCP LLC at a significant discount t...
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• Terreno Realty Corporation Picks Up Santa Ana Site for Redevelopment
9/19/23
Terreno Realty Corporation spent $14.8 mil for a 4.9-acre site containing three multi-tenant office buildings at 1720 E Garry Ave in Santa Ana leased on a short-term basis. The property is located immediately adjacent to the ...
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• Aseem Tandon, Kamlesh Patel and Johnny Quan Join Cushman & Wakefield in Orange County
9/14/23
A SoCal hospitality brokerage team consisting of Aseem Tandon, Kamlesh Patel and Johnny Quan has joined Cushman & Wakefield in Orange County. Tandon joins as Executive Director, with Patel as Senior Associate and Quan as Asso...
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• Gelt Venture Partners Buys 125-Unit OC Res Community for $63 Mil
9/12/23
Gelt Venture Partners LLC (GVP) has acquired Union Place, a 125-unit multifamily community in the Orange County city of Placentia, for $63.15 mil ($505.2k/unit). The property is situated on just over five acres at 1500 Cherry...
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• Advanced Real Estate Spends $96 Mil on Huntington Beach Res Community
9/11/23
Advanced Real Estate closed on a $96 mil res buy in Huntington Beach. The company bought a 264-unit ($363.6k/unit) property formerly known as Citron House, located at 7701 Warner Ave, just west of Beach Blvd.
The property,...
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• OC Office Campus Trades in $76 Mil Deal
9/07/23
A 405.1k sf, office campus in Fullerton was acquired by a local family investment entity for $76.5 mil, or $188/sf. The property, situated on 33.76 acres at 1801 Hughes Dr, is fully leased to Raytheon, an investment grade cre...
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• Artisan Ventures and an affiliate of Walton Street Capital Pick Up 160k sf SoCal Portfolio
9/06/23
Artisan Ventures and an affiliate of Walton Street Capital L.L.C. have acquired a portfolio known as the “SoCal 2-Pack,” consisting of two light industrial assets located in Santa Fe Springs and Brea totaling 159.5k sf of spa...
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• CRE Industry Turns Out for Building Block Foundation Fund Charity Event at Newport Dunes
8/31/23
Hundreds of commercial real estate professionals celebrated on the beach and under the stars at the Building Block Foundation Fund White Party, held August 23, at Newport Dunes in Newport Beach.
The White Party event is an a...
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• Electric Vehicle Firm Leases 165k sf Garden Grove Facility
8/29/23
Harbinger Motors Inc leased a 165.2k sf, state-of-the-art manufacturing and distribution facility in Garden Grove. The company will use the building, located at 12821 Knott St, to manufacture state-of-the-art electric light a...
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• Three CRE Industry Bouts Announced for NAIOP SoCal’s Night at the Fights
8/23/23
For the first time in NAIOP SoCal Night at the Fight’s history, six professionals from the commercial real estate industry will take their place in the ring during three industry bouts. One of the most anticipated commercial ...
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