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• South OC Office Asset Traded in $42 Mil Deal
5/31/24
MicroVention, a neuroendovascular medical device company, has acquired 45 Enterprise, a 242.7k sf, high-rise office building in Aliso Viejo, for $42.25 mil, or $183/sf.
45 Enterprise is a nine-story vacant building built in...
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• Advanced Real Estate Adds 68-Unit OC Res Community to Its X Fund
5/30/24
Advanced Real Estate has acquired Beachpoint, a 68-unit multifamily asset in Huntington Beach, in a recent $25 mil purchase. The property, which includes a 12k sf multi-tenant office building, will be added to Advanced’s X Fu...
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• Rexford Industrial Spends $143 Mil on Two SoCal Buys in May
5/30/24
Rexford Industrial Realty closed on two industrial property purchases in deals with a combined price of $143 mil during the month of May. The SoCal-based firm also completed the disposition of three properties for an aggregat...
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• Orange County Community Housing Corporation Receives $1 Mil Grant from Citi Foundation
5/24/24
Orange County Community Housing Corporation (OCCHC/SteppingUP) has received a $1 mil grant from Citi Foundation as part of the fourth cohort of the Community Progress Makers initiative. OCCHC/SteppingUP will use the grant to ...
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• Two Multifamily Sales in San Clemente Generate $5.5 Mil
5/22/24
We’ve got news of two six-unit multifamily properties in San Clemente that were purchased by individual private investors in separate deals totaling $5.545 mil. CBRE’s Dan Blackwell, Mike O’Neill and Amanda Fielder represente...
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• Laguna Beach Apartment Property Sells for $841k/Unit
5/15/24
A seven-unit multifamily property in downtown Laguna Beach was purchased by a private investor for $5.89 mil. The deal works out to a price of $1,275 per square foot and $841.4k per unit, making it one of the highest prices p...
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• Chicago Title Introduces New National Self-Storage Group
5/14/24
Chicago Title National Commercial Services California has launched the Chicago Title National Self-Storage Group. The new entity will be led by seasoned self-storage finance veteran, Chuck Mills as Vice President, National Sa...
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• Unique Irvine Investment/Development Site Put on the Market
5/10/24
We’ve just learned of a 3.73-acre office/data center mixed-use property in Irvine that has been put on the market. The property, located at 2525 Main St, is currently improved with 104.4k sf of office space, 38.9k sf of data ...
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• The Alison Company Celebrates 90 Years in Commercial Mortgage Banking
5/09/24
The Alison Company is celebrating its nine-decade history as one of the region’s leading commercial mortgage banking firms. Founded in 1934, the Alison Company has been a mainstay in the region for the commercial real estate ...
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• Investors Snap up Costa Mesa Apartment Properties
5/08/24
We’ve got three recent multifamily property comps from Costa Mesa to share with you. The transactions totaled 13 units with a combined price of $7.42 mil.
In one deal, a six-unit property at 2666 Orange Ave sold for $3.235 m...
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• Goodwill Industries of Orange County Leases 15k sf Space in Fountain Valley
5/07/24
Goodwill Industries of Orange County (Goodwill OC) inked a lease for 15k sf of retail space at 17120 Magnolia St in Fountain Valley. The retailer will join Aldi and CVS at Warner Marketplace, a neighborhood shopping center.
...
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• Private Investor Buys Res Development Site in Santa Ana
4/30/24
A private investor paid $1.16 mil for a 0.29-acre development site, fully entitled for 15 apartment homes, near Downtown Santa Ana.
The “shovel-ready” development, currently named 4G Lofts, is situated at 1212 East 4th St, n...
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• University of California, Irvine Graduate Student Team Wins NAIOP SoCal Orange County Real Estate Challenge
4/25/24
The graduate student team from the University of California (UCI), Irvine Paul Merage School of Business Center for Real Estate was named the winner at the third annual NAIOP SoCal Orange County Real Estate Challenge.
The a...
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• Orange County Multifamily Property Trades in $10 Mil Deal
4/22/24
A private investor paid just over $10 mil for a 30-unit multifamily community in Westminster, CA in a deal said to be the city’s largest multifamily sale in the past 12 months. The buyer was an OC-based 1031 exchange investor...
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• Costa Mesa Multifamily Asset Sells for $479k/Unit
4/16/24
A private investor paid $5.75 mil for Ebtide, a 12-unit ($479k/unit) multifamily property in Costa Mesa. Built in 1960 and renovated in 2022, the 7.6k sf, two-story, two-building apartment community sits on 0.29 acres at 1993...
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• Ares Management Buys 258k sf OC Distribution Facility
4/04/24
A real estate fund managed by Ares Management purchased a 258.5k sf, freestanding industrial distribution building in the OC city of Westminster. Ares is a leading global alternative investment manager.
The property sits ...
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• OC Multifamily Comp Works Out to $360k/Unit
4/03/24
In a recent Orange County multifamily comp, a seven-unit property in Anaheim traded for $2.525 mil, or $360.7k/unit. The apartment community features individual patios, garage parking, and a newly installed fire sprinkler sys...
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• Rexford Industrial Acquires Blackstone Industrial Assets in Combined $1 Billion Investment
4/02/24
Rexford Industrial Realty acquired approximately 3 msf of industrial properties from Blackstone Real Estate entities in deals totaling $1 bil. The combined purchase consists of 48 properties and works out to an average price ...
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• NewMark Merrill Companies Picks Up CVS Pharmacy Property in Orange County
4/01/24
NewMark Merrill Companies Inc has acquired the CVS Pharmacy building within Placentia Town Center, a 142.7k sf retail center in Placentia. The property is located on the southwest corner of Yorba Linda Blvd and Kraemer Blvd.
...
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• OC Retail Strip Center Trades for $648/sf
3/29/24
World Premier Investments has purchased Newport and Walnut Center, a 9.6k sf retail strip center in the OC city of Tustin for $6.225 mil ($648/sf) as part of a 1031 exchange. The asset was sold by a private family trust that ...
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