|
• Work Started on New Worship Space at Christ Cathedral in Garden Grove
8/17/23
Construction has begun on the St. Callistus Chapel and Crypts, a new worship space underneath Christ Cathedral that will serve generations of parishioners throughout Orange County for years to come. The project, located at 13...
|
• MIG Real Estate Closes $61 Mil Res Buy in Orange County
8/17/23
In a notable OC multifamily buy, MIG Real Estate LLC purchased Newport Palms, a 138-unit apartment complex in Costa Mesa, for $61.1 mil ($443k/unit). According to MIG, this is the largest multifamily investment in the city in...
|
• KTI Hydraulics Inc Buys OC Hi-Tech Facility in $26.5 Mil Deal
8/11/23
KTI Hydraulics Inc purchased a 71.6k sf, high-tech manufacturing property in Tustin for $26.5 mil, or $370/sf. The property, located at 1311 Valencia Ave, was sold by Stos Partners.
Stos Partners acquired the asset in Decemb...
|
• OC Four-Plex Goes for Nearly $400k/Unit
8/11/23
A four-unit multifamily property in Orange County sold for $1.59 mil ($397.5k/unit), in a deal that came in at 99% of the list price and $462 per square foot. The single-story property is located on a spacious 10.8k sf parcel...
|
• DMI Real Estate Collects $25.5 Mil from Sales of Two OC Shopping Centers
8/09/23
DMI Real Estate has sold a pair of newly renovated, stabilized retail shopping center assets in Orange County to separate buyers in deals totaling $25.5 mil. According to Cushman & Wakefield tracking, the sale of the combined...
|
• Costa Mesa Mixed-Use Investment Trades for $3.2 Mil
8/08/23
A 7.5k sf, mixed-use property in Costa Mesa traded hands in a $3.2 mil transaction. The property, comprising 12 residential apartment units and a street-front retail building, sold for $425 per square foot and $246.2k per uni...
|
• Sunstone Development Acquires Disneyland Adjacent Hotel
8/03/23
Sunstone Development acquired Budget Inn, a 24-key limited-service hotel in Anaheim. The 60-year-old property is located at 1042 Ball Rd, west of I-5 just north of Disneyland.
Sunstone intends to explore long-term alternati...
|
• OC Superior Grocers Property Sells for $200/sf
8/02/23
A 34.2k sf, single-tenant retail property occupied by Superior Grocers in Buena Park was purchased by a SoCal-based investor in a $6.875 mil ($201/sf) deal. Superior Grocers is an independent supermarket chain with more than ...
|
• Work Started on Retail Center in OC’s Little Saigon District
7/27/23
Construction has broken ground on Bolsa Row Terrace, a new 26.2k sf shopping and dining destination in Orange County’s Little Saigon District, home to the nation’s largest Vietnamese-American population. The project is being ...
|
• Investor Exchanges into 37k sf Laguna Hills Industrial Asset
7/24/23
Alcalde Business Center, a three-building, 37.3k sf multi-tenant industrial business park in Laguna Hills, was acquired by a private 1031 exchange investor for $13.95 mil ($374/sf).
Located on a 2.46-acre lot at 23151 Alcal...
|
• Building Block Foundation Fund Announces White Party 2023 to be Held August 23 at Newport Dunes
7/21/23
Building Block Foundation Fund’s White Party, a once-a-year event that raises funds for significant Orange County charities that support at risk youth, will be held August 23 at the Newport Dunes in Newport Beach.
In 2022 th...
|
• IDS Real Estate Pays $126 Mil for 432k sf Industrial Project in the San Gabriel Valley
7/20/23
IDS Real Estate Group has acquired Azusa Industrial Center, a 432.5k sf, three-building industrial project located in Azusa, for $126 mil ($291/sf). Built during the mid-1980s and situated on over 23.6 acres, the multi-tenan...
|
• Rexford Industrial Realty Buys 76k sf OC Industrial Property
7/20/23
Rexford Industrial Realty purchased a 76k sf, infill light industrial facility in the OC city of Cypress. The property, located at 5630 Cerritos Ave, was sold by Penwood Real Estate Investment Management LLC, through its fift...
|
• OC Medical Office Building Trades for $600/sf
7/20/23
Harbor Medical Clinic, a 3.6k sf, multi-tenant medical office property in Costa Mesa, traded for $2.175 mil, or $603/sf. The buyer plans to occupy the vacant space with their medical business.
Harbor Medical Clinic, located ...
|
• OC Apartment Trade Comps at $354k/Unit
7/19/23
In a recent OC apartment sales comp, a 12-unit multifamily property in Anaheim sold for $4.25 mil or $354k/unit. The property was purchased by a private investor in a 1031 exchange.
Located at 921-927 S. Trident St, the pro...
|
• Wood Investments Companies Spends $7 Mil at 99 Cents Only Store in San Clemente
7/18/23
Wood Investments Companies Inc has acquired a 25.5k sf, freeway-visible retail property occupied by a 99 Cents Only Store in San Clemente, in an off-market transaction. The purchase price was $6.95 mil ($272/sf).
The 99 Cent...
|
• Trio of OC Apartment Trades Total Nearly $5.5 Mil
7/17/23
Here are a few recent apartment sales comps from Orange County as three four-unit properties were acquired by three separate private buyers in deals totaling $5.48 mil over a period of 10 days.
In one of the transactions, a ...
|
• Commercial Real Estate Financing Briefs
7/07/23
BANDON CAPITAL ADVISORS - Bryan Kenny with Bandon Capital Advisors arranged an $11.5 mil refi loan for a 3.11-acre covered-land industrial site with space for Industrial Outdoor Storage (IOS) in Costa Mesa, and secured $5 mi...
|
• 17-Unit OC Apartment Property Sells for $6 Mil
7/06/23
Orange County-based buyers paid $6 mil for a 17-unit ($353k/unit) multifamily property in Westminster, CA. The property was sold by an out-of-state private real estate investor.
Located at 13931-13951 Illinois St, the prope...
|
• Here’s a Quick Update on Two Hotel Financing Deals Worth Over $40 Mil
7/05/23
In recent hotel financing news, Tucson-based Khangura Development has obtained a $19.1 mil bridge loan for the Residence Inn by Marriott Phoenix Mesa East. The loan was provided by Dallas-based HALL Structured Finance.
Each ...
|
Return to the Southern California - Orange County area
