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• Aerospace Companies Remain Committed to OC Industrial Space While Logistics Firms Seek Cheaper Alternatives Elsewhere
2/07/25
In this brief update, JLL reviews recent activity for OC industrial space and how the market compares with LA and the Inland Empire.
• Orange County has resiliently maintained the highest industrial asking rents in Southern ...
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• SRS Real Estate Partners Expands OC Capital Markets Group
2/04/25
In a significant OC broker move, a team of 10 industry pros has joined up with SRS Real Estate Partners’ Capital Markets group out of the firm’s Newport Beach office.
In the move, Calvin Short, Aron Cline, and Gary Chou wil...
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• TailoredSpace Opens New San Clemente Location
2/04/25
TailoredSpace has opened a new 10.5k sf coworking space in the city of San Clemente. Located at 100 Avenida La Pata, the site represents the first full-service coworking space in the city.
The San Clemente location will pro...
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• OC Industrial Building Gets New Owner in $18 Mil Deal
1/30/25
A 55.4k sf industrial building in Buena Park was acquired by Products Go LLC in an $18.1 mil ($327/sf) trade. The property is located at 8401 Page St, just west of I-5 and just north of the 91 Fwy.
The freestanding building,...
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• Hyundai America Technical Center Inc Has Pre-Leased 92k sf Irvine Distribution Project
1/29/25
Hyundai America Technical Center Inc has pre-leased LogistiCenter® at Irvine II, a 91.6k sf, Class A distribution facility in Irvine. The facility was developed and is owned by Dermody Properties.
Located at 2 Sterling in Ir...
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• Irvine Office Building Trades in $37 Mil Deal
1/22/25
An 11-story, 234.4k sf Class A office property in Irvine traded hands in a $37 mil ($158/sf) transaction. The building, 18201 Von Karman, was sold by New York Life Real Estate Investors and acquired by an unnamed private loca...
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• Industrial Facility in Lake Forest Fetches Nearly $400/sf
1/17/25
A 22.6k sf industrial building in Lake Forest has sold for $9 mil ($398/sf). The property, located at 25742 Atlantic Ocean Dr, west of the 241 Fwy just off Bake Pkwy, was sold by the Nelson Family trust.
The building featur...
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• QTM Corp Agrees to $5.6 Mil OC Industrial Lease
1/16/25
In a recent OC industrial lease, QTM Corp agreed to a five-year, $5.6 mil lease of a 65.5k sf ($1.42/sf/mo) manufacturing/distribution facility in Placentia. The property is located at 540-544 Melrose St, north of the 91 Fwy ...
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• Irvine Industrial Building Goes for Over $500/sf
1/16/25
Apnea Sciences purchased a 5.1k sf industrial building in the city of Irvine for $2.6 mil, or $510/sf. The property is located at 12 Mauchly, near the corner of Barranca Pkwy and Mauchly.
It offers immediate access to I-5 an...
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• Irvine Office Building Sells for $42 Mil
1/15/25
In an OC office trade, a SoCal investor paid $42 mil for a 310.9k sf ($135/sf) building in Irvine. The structure sits on 4.6 acres at 2600 Michelson, within the Irvine Business Complex.
The 16-story building includes an adja...
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• Irvine Office Building Goes for Over $500/sf
1/10/25
Navigators Advisory Group paid $2.6 mil for 9890 Irvine Center Drive, a 5k sf ($520/sf) office building in Irvine. The property was sold by ICD Equities.
The two-story creative office building features a mix of open and priv...
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• Orange County Industrial Market Continues Cooling Trend
1/02/25
This report was provided by real estate services firm Kidder Mathews
Market Highlights
• At the end of 2024, the direct vacancy rate is 4.4%.
• The market average was $1.59/sf/mo on a NNN basis
• The average sale price in Q...
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• Anaheim Industrial Building Gets New Owner in $6.8 Mil Transaction
12/17/24
A 26.6k sf industrial building in Anaheim sold for $6.84 mil, or $257/sf. The multi-tenant facility is located at 1441 N. Red Gum St, in the North Orange County/Anaheim Canyon industrial submarket.
At the time of sale, this ...
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• Repurposed Aliso Viejo Retail Property Completed by ValueRock Realty
12/12/24
The Commons, a newly repurposed 21-acre mixed-use project located in Aliso Viejo, has been completed and is now open to the public. The project, developed by ValueRock Realty, involved transforming a nearly 200k sf vacant Low...
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• Hanley Investment Group Raises $31,800 for Movember in 14th Annual Fundraiser Supporting Men’s Health
12/09/24
Hanley Investment Group Real Estate Advisors raised $31,800 for Movember in November. This marks the 14th consecutive year that Hanley Investment Group has joined the global movement to raise awareness and critical funds for ...
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• OC Seniors Housing Project Lands $473 Mil in Tax Exempt and Taxable Bond Financing
12/06/24
Development of The James, a luxury rental, 350-bed seniors housing project in Irvine, is slated to get underway after just having secured $473 mil in tax exempt and taxable bond financing. We’re told the deal is the largest t...
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• OC Apartment Property Sells for $345k/Unit
12/05/24
In a recent OC multifamily trade, a nine-unit asset in Santa Ana sold for $3.1 mil, or $345k per unit. The property, located at 425 E. Wellington Ave, was acquired by a local investor.
Built in 1941 and renovated in 2023 and...
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• Newly Renovated The Ranch at Newport Bay is 100% Occupied with Latest Signing by Verde
11/26/24
Space Investment Partners has completed an $11 mil renovation of The Ranch at Newport Bay, a 60k sf, grocer-anchored mixed-use retail property located at 2651-2675 Irvine Ave in Costa Mesa. The most recent signing at the cent...
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• Bonnani Development Secures $108 Mil Recapitalization on Recently Completed OC Res Development
11/21/24
Bonnani Development has obtained $108.38 mil in total capital for the VRV, their recently completed, 300-unit luxury apartment property in the OC city of Stanton. The financing was arranged by BWE and includes an $88.38 mil s...
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• Carlos Lopez Joins SRS Real Estate Partners
11/19/24
Carlos Lopez has joined SRS Real Estate Partners as Executive Vice President, Capital Markets in the firm’s Newport Beach office. Lopez brings nearly 30 years of experience to his new role specializing in the sale of si...
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