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HFF Secures $62.5 Million Refi for 396K SF Datacenter in Irvine’s Airport Area 9/15/16 Holliday Fenoglio Fowler, L.P. (HFF) secured $62.5 million to refinance Irvine Crossings, a 395,673-square-foot, single-story datacenter and industrial property in the John Wayne Airport area of Irvine, California.
Working ...
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Work Started on Two Affordable Housing Projects in Irvine 9/12/16 Two new residential rental communities have been started in Irvine by a venture between FivePoint, Related California, Riverside Charitable Corporation and ETHIC Housing (El Toro Housing Initiative Collaboration). FivePoint i...
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Two OC Industrial Sale Comps Total $8 Mil 9/09/16 Two industrial properties located in Orange County traded hands in separate transactions totaling about $8 mil.
In one of the deals, DMZ Management LLC acquired a 31.5k sf building located at 530 N. Puente St in Brea from Sh...
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Infinity Realty Advisors Buys 306-Room Hilton Irvine/Orange County Airport Hotel 9/08/16 Infinity Realty Advisors purchased the Hilton Irvine/Orange County Airport, a 306-room, full-service Hilton hotel in Irvine. The asset was acquired from DiNapoli Capital Partners free and clear of debt.
Hilton Irvine/Orange ...
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OC Office Asset Trades in $30 Mil Deal 9/07/16 Oakbrook Plaza, a 119.9k sf, multi-tenant Class A office building in Laguna Hills, was purchased by an affiliate of New York-based Angelo Gordon & Co in a $30 mil deal. The asset, situated on 6.85 acres at 24422 Avenida de la...
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Advanced Real Estate Services Completes $100 Mil OC Res Buy 9/02/16 In one of the largest SoCal multifamily acquisitions so far this year, Advanced Real Estate Services Inc (ARES) has purchased Camden Parkside Apartments, a 421-unit residential community in Fullerton. The asset was sold by Ca...
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La Habra Res Property Bought by Schroeder Investment Partners 9/01/16 Schroeder Investment Partners Inc has purchased Woodbine Apartments, a 26-unit residential asset in La Habra, for $5.72 mil, or $220k/unit. The deal drew seven competitive bids from a variety of SoCal investors and ended up s...
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OC Single-Tenant Building Sells for $600/sf 8/26/16 A new 5.5k sf, single-tenant building in La Habra sold for $3.3 mil, or $600/sf. The property, located at 1000 S. Beach Blvd, at the southeast corner with Fashion Square Lane, is absolute, NNN-leased to Black Bear Diner.
Bui...
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Acquisition of 349-Unit OC Apartment Complex Financed with $75 Mil Loan 8/26/16 Meridian Capital Group has arranged $74.7 mil in acquisition and recapitalization financing for the purchase of Adagio at South Coast, a 349-unit multifamily property in Santa Ana. The buyer was Decron Properties, as reported...
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Karma Automotive Leases Former Kawasaki USA HQ Facility in Irvine 8/24/16 Karma Automotive LLC has inked a lease for the entire 262k sf, former Kawasaki USA HQ facility in Irvine. Karma, an American car company that manufactures luxury hybrid plug-in vehicles, will begin relocating from neighboring...
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LaTerra Development Gets Underway With Two SoCal Res Projects 8/24/16 LaTerra Development, a Los Angeles based real estate developer, has started construction on two infill apartment projects totaling 325 units in Santa Ana and Chula Vista. Each project was capitalized with institutional join...
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Shopoff Realty Investments Picks Up 29 Acres in Huntington Beach for Redevelopment 8/23/16 Shopoff Realty Investments has acquired 28.6 acres of land in Huntington Beach for redevelopment. The site, currently home to a former oil storage tank farm and pumping facility, sold for $26.5 mil.
The property, located at ...
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24 Hour Fitness Inks Lease for New Huntington Beach Location 8/22/16 24 Hour Fitness USA inked a 15-year, $11 mil lease for a 33.5k sf gym ($1.82/sf/mo) in Huntington Beach. The fitness chain’s new location is within Huntington South Shopping Center, located at 9051 Atlanta Ave, between Brookh...
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Exchange Investor Pays $13.7 Mil for Irvine Retail Property with Two Single-Tenant Buildings 8/18/16 Wesco Properties recently paid $13.69 mil for a retail property in Irvine, consisting of two single-tenant restaurant buildings totaling 12.6k sf on a 2.59-acre parcel. The buildings, located at 4020 and 4030 Barranca Pkwy, a...
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Trio of OC Office Properties Racapitalized in $108 Mil Transaction 8/15/16 Greenlaw Partners and Walton Street have recapitalized three Orange County, Class A multi-tenant office buildings in a transaction worth $108.5 mil. The deal is for three properties in the city of Orange, including: 600 City ...
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New $35 Mil Ladera Ranch Facility to Serve as HQ for SmartStop Self-Storage 8/12/16 The new, $35 mil SmartStop headquarters facility in Ladera Ranch has been completed. The state-of-the-art, mixed-use complex is 120k sf in size. It contains the Ladera Sports Center, a 63k sf gymnasium, a 42k sf self-storage ...
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Merlone Geier Partners Undertakes Major Renovation and Rebranding of Laguna Hills Mall 8/11/16 Construction has started on Five Lagunas, a project that includes the rebranding and renovation of the Laguna Hills Mall in Laguna Hills. The center’s rebranding to Five Lagunas pays homage to the five towns situated in close...
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Anaheim Multifamily Property Sells for $212k/Unit 8/10/16 French Country Apartments, a 33-unit residential property in Anaheim, traded hands for $7 mil ($212k/unit).
French Country, built in 1986 and situated on 1.19 acres, consists of seven, two-story residential buildings, a swi...
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Yorba Linda Retail Property Purchased for $15.8 Mil by Beverly Hills Investment Entity 8/09/16 A Beverly Hills-based private investment group, an affiliate of Greenbridge Investment Partners, has acquired Home Ranch Center, a 54.2k sf, value-add neighborhood shopping center in the affluent Orange County community of Yo...
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OC’s Savi Tech Center Campus Trades Hands 8/05/16 Savi Tech Center, a four-building, 376.8k sf office/technology campus situated on more than 19 acres in Yorba Linda, has traded hands in a deal estimated to be valued near $95 mil, or around $250/sf. The property, acquired by...
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