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• OC Multifamily Sale Works Out to $278k/Unit
8/14/24
An eight-unit multifamily property in Garden Grove was purchased by an OC-based private investor for $2.23 mil, or $278.1k/unit. The property features seven one-bedroom units and one two-bedroom unit, all of which were recent...
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• Intracorp Buys Res Development Site in the City of Orange
8/14/24
Intracorp paid $12.25 mil for a 2.7-acre parcel in the City of Orange. The company plans to build 49 two- and three-story single-family small lot homes on the site, located at 901 E Katella Ave.
The site is situated in a pri...
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• Downtown Santa Ana Res Project Officially Opens to the Public
7/23/24
Rafferty, a new, eight-story luxury mixed-use apartment community in downtown Santa Ana, is finished and recently celebrated its grand opening. The 218-unit project, a development of Toll Brothers Apartment Living and joint v...
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• Five-Unit Huntington Beach Multifamily Property Trades for Over $2 Mil
7/11/24
Tec Center Equities LLC paid $2.15 mil for a five-unit multifamily property in Huntington Beach. The Delaware Street property sits on a 16.7k sf street-to-street lot zoned RM (Residential Medium Density) and consists of two d...
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• Costa Mesa Commercial Building Goes for Over $1,000/sf
7/11/24
A 3k sf industrial building located at 123 Monte Vista Ave in Costa Mesa sold for $3.2 mil, or $1,054/sf. The unnamed buyer plans to utilize the property for personal purposes.
Stefan Rogers with Voit Real Estate Services re...
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• La Mirada Industrial Building Fetches $420/sf
7/10/24
A 22k sf industrial building in La Mirada recently traded in a $9.25 mil ($420/sf) transaction. It was acquired by an owner/user. Built in 1964, the building offers I-5 Fwy frontage with 24-foot clear height.
The warehouse p...
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• OC Industrial Asset Goes for $248/sf
7/10/24
A 20.2k sf, multi-tenant manufacturing building in Placentia traded for $5 mil, or about $248/sf. The property is located at 1049 S Melrose St, within a 4.13-acre master-planned industrial park comprising 11 buildings and tot...
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• Dunleer Spends Over $9 Mil for Two SoCal Industrial Assets
7/09/24
L.A.-based Dunleer acquired two fully occupied, SoCal multi-tenant business parks in deals totaling $9.39 mil. The properties are located in Huntington Beach and Baldwin Park and total 40k sf of space.
In one of the deals, t...
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• Three OC Multifamily Triplexes Sell in Deals Worth a Combined $7 Mil
7/03/24
Three multifamily triplex properties in Orange County traded hands in recent deals to separate buyers totaling $7.05 mil.
In one of the transactions, a three-unit multifamily property, which included a non-conforming unit, a...
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• Absolute Ground Lease for a Single-Tenant McDonald’s in Fountain Valley Sold for $3.85 Mil
7/02/24
A single-tenant property occupied by a McDonald’s Drive-Thru in Fountain Valley sold for $3.85 mil for the absolute triple-net ground lease, representing a 3.55% cap rate. Built in 2011 on 1.04 acres, the 3.5k sf McDonald’s i...
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• Office Property Sells for $18 Mil in Owner-User Deal
7/01/24
Hampton Tedder Electric purchased a 98.9k sf, Class A office building in the city of Orange for $17.9 mil ($181/sf). The buyer plans to occupy the 15.7k sf top floor at the building, located at 999 Town & Country.
The four-s...
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• AO Wins Multiple Awards at PCBC Gold Nuggets Ceremony
6/21/24
Architecture firm AO was a multiple-award winner at the recent PCBC Gold Nugget Awards ceremony, held at The Westin Resort in Anaheim.
The Gold Nugget Awards, which debuted in 1963, is the oldest and most prestigious desig...
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• Commercial Real Estate Financing Briefs
6/20/24
MARCUS & MILLICHAP CAPITAL CORPORATION -- Michael Derk and Paul Bitonti with Marcus & Millichap Capital Corporation arranged a $12.5 mil refi loan on a medical office building located in La Paz Plaza in Mission Viejo. La Paz ...
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• New 315-Unit Res Development in Anaheim Starts Preleasing
6/19/24
Preleasing is underway at Zia, a five-story, wrap-style apartment community located in central Orange County. Offering upscale living with easy access to downtown Anaheim, Interstate 5, and Disneyland, Zia will comprise 315 a...
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• NewMark Merrill Companies Lands Management Assignment for 294k sf South OC Retail Center
6/13/24
Horowitz Group has awarded NewMark Merrill Companies the property management assignment for Plaza de la Paz, a 294.6k sf retail destination in Laguna Niguel. The center is located at 27241 La Paz Rd, at Pacific Park Drive.
A...
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• Landsea Homes Corp Acquires Huntington Beach Site for 129 New Homes
6/13/24
Landsea Homes Corporation purchased 129 homesites for a new all-electric community called Essex + Gage in Huntington Beach, CA. Land development has already begun, and the community will open for sale in spring 2025.
Situat...
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• Huntington Beach Multifamily Property Trades for the First Time in Over 50 Years
6/12/24
Beachwood Apartments, an 18-unit multifamily community in Huntington Beach, was purchased by a private investor for $8.65 mil, or $480.5k/unit. Built in 1971, Beachwood Apartments sits on six lots totaling 17.6k sf at 125 16t...
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• Building Block Foundation Fund to Hold Annual White Party Charity Fundraiser on August 21, 2024 at Newport Dunes in Newport Beach
6/07/24
One of the best commercial real estate events in Southern California, the Building Block Foundation Fund White Party Charity Fundraiser, will be held on August 21, 2024 at the beautiful Newport Dunes in Newport Beach.
Each y...
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• Adjacent Res Fourplexes in Huntington Beach Generate Combined Price of $5.4 Mil
6/06/24
A private investor purchased two four-unit multifamily properties in Huntington Beach for a combined price of $5.425 mil. The seller is based in Huntington Beach, while the buyer is from Westminster.
This was the first time ...
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• Landsea Homes Corporation Picks Up OC Sites for New Res Community
6/04/24
Landsea Homes Corporation has acquired 44 OC homesites for a new community called Mason in Anaheim. Land development has already begun, and sales are anticipated to start later this year.
Situated on the corner of Lincoln ...
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