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• City of Anaheim and OCTA Start Work on $184 Mil Transportation Facility
10/16/12
The City of Anaheim and the Orange County Transportation Authority (OCTA) just broke ground in September of this year on the Anaheim Regional Transportation Intermodal Center (ARTIC). ARTIC is a $184 mil multimodal transporta...
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• HomeGoods Leases 24k sf Huntington Beach Retail Space
10/12/12
HomeGoods locked up a 10-year lease for 24.2k sf of retail space at the Sher Lane Shops in Huntington Beach. The 45k sf community center is located at the southeast corner of Edinger Ave and Sher Lane, across the street from ...
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• 114-Unit OC Seniors Community Listed for Sale
10/11/12
Huntington Villas, a 114-unit active seniors housing community in Huntington Beach, has been put on the market. Located at 16171 Springdale St, the 103k sf asset is listed for $19.5 mil, which works out to $171k/unit.
Devel...
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• Iconic SoCal Religious Campus Offered for Sale
10/11/12
One of the most iconic religious campuses in Southern California has come on the market, as the Catholic Diocese of Orange County plans to vacate the Marywood Pastoral Center campus, which it has occupied since 1978, when it ...
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• OC Retail / Res Property Draws Multiple Offers
10/10/12
A 9.1k sf retail/apartment property in the OC city of Anaheim sold for $1.6 mil. The property, located at 2922 W. Lincoln Ave, south of the 91 Fwy and just east of Beach Blvd, was purchased by Cedar Mountain LLC.
Built in ...
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• Garment Industry Firms Ink SoCal Deals with Western States Technologies
10/10/12
Western States Technologies Inc recently signed new leases worth $4.56 mil with two companies in the Southern California garment industry. The tenants, Ultimate Off Price Inc and Benecci Corp, took a combined 63.8k sf of spa...
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• OC Single-Tenant McDonald’s Site Sells at 4.25% Cap Rate
10/09/12
A SoCal-based family trust has acquired the fee-simple ownership in the land leased to a single-tenant NNN McDonald’s in Santa Ana. The purchase price was $2.825 mil, representing a 4.25% cap rate.
Located at 1100 S. Grand ...
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• OC Investor Picks Up 271-Room Sacramento Hotel
10/09/12
Orange County-based BA Hotel LLC has acquired the Hawthorn Suites by Wyndham in Sacramento for $5.625 mil. The lender-owned asset was sold by an affiliate of Miami-based special servicer LNR Partners Inc.
The 271-room all-su...
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• Shorenstein Awarded LEED Gold for 614k sf OC Office Complex
10/08/12
Shorenstein Properties LLC has received LEED certification at the Gold level, Existing Building Operations and Maintenance (EBOM), for Main Plaza, a 614k sf Class A office complex at 1920/2010 Main Street in Irvine.
This br...
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• Cliff Carnes Promoted to President at Johnson Capital
10/05/12
Cliff Carnes, Johnson Capital’s longtime Chief Operating Officer, has been promoted to President of the national real estate capital advisory firm. Guy Johnson, the founder and current president of Johnson Capital, will conti...
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• Irvine Medical Office/Retail Property Listed for Sale
10/04/12
Blackstone Group LP has listed for sale Centerstone Plaza, a Class A office, medical office and retail property at 4000-4040 Barranca Pkwy in Irvine. The marketing assignment was awarded to Robert Griffith and Greg may of New...
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• Penwood Value-Add Fund Acquires 345k sf Costa Mesa Industrial Facility
10/02/12
Penwood Select Industrial Partners III L.P. has purchased a 345k sf industrial building at 1683 Sunflower Ave in Costa Mesa. The two-tenant building was acquired with a 112k sf vacancy. The price was not disclosed.
Penwood S...
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• 768-Unit OC Apartment Community Hits the Market
9/28/12
We’ve just learned of a major SoCal multifamily asset to hit the market, as Pacific Urban Residential has listed Madison Park, a 768-unit apartment community in Anaheim. It is being listed by Greg Harris, Kevin Green and Joe ...
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• Vintage Real Estate to Give OC Retail Center a New Look
9/28/12
Vintage Real Estate has acquired four acres immediately adjacent to its Moulton La Paz Shopping Center from the City of Laguna Hills as part of its expansion and redevelopment plan for the center. The work will give the cente...
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• Entire 180k sf Newport Beach Office Building Available for Lease
9/25/12
Class A office leasing activity in Orange County has picked up significantly over the last year or so, taking a number of larger spaces off the market. However, we’ve just learned of a large block of contiguous, high-end Clas...
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• American Apparel Leases 220k sf La Mirada Facility
9/21/12
American Apparel Inc has leased 220k sf of warehouse and office space with Prologis in La Mirada at 16400 Trojan Way, south of Alondra Blvd on the east side of I-5. The five-year deal has a total value of $6.3 mil, which aver...
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• C&D Zodiac Signs at Warland Cypress Business Center
9/19/12
C&D Zodiac has leased an 85.8k sf facility in the master-planned Warland Cypress Business Center in the OC city of Cypress for expansion of their aircraft division. The company expects to take occupancy of the newly refurbish...
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• HFF Arranges $22.8 Mil in Mezz Financing for New OC Res Project
9/13/12
Lyon Communities has obtained $22.8 mil in mezzanine financing for the development of The Marke at South Coast Metro, a 300-unit, Class A multi-housing community under construction in Santa Ana. The three-year loan was arrang...
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• EQR Residential Buys 24k sf Irvine Office Property for Res Development Site
9/11/12
Chicago-based apartment developer EQR Residential has acquired a 24k sf office property in Irvine for $5 mil ($208/sf). The property is located at 2501 Alton, just west of Jamboree Rd and north of the 405 Fwy.
Built in 1980 ...
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• C.W. Driver Completes $20 Mil in Upgrades for Santa Ana USD
9/11/12
Construction manager C.W. Driver completed $20 mil worth of upgrades for the Santa Ana Unified School District (SAUSD) at 10 schools located throughout the district. C.W. Driver completed the work in August 2012, delivering t...
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