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$16.8 Mil Sandi Simon Center for Dance Completed at Chapman University 2/27/23 Chapman University has completed construction of its Sandi Simon Center for Dance, a project that involved the adaptive reuse of an historic Villa Park Orchards (VPO) packing house originally built in 1918. The work was done ...
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Costa Mesa Industrial Sales Comp Works out to $315/sf 2/27/23 In a recent industrial sales comp, a 19.3k sf facility in Costa Mesa traded for $6.08 mil ($315/sf). The freestanding industrial / flex building totaling is located at 3587-3589 Harbor Blvd, just south of MacArthur Blvd.
The...
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Hear and Network with OC CRE Pros on March 16 at Annual Conference 2/15/23 Sign up now to watch high-powered panels discuss the office, industrial, retail, multifamily and finance markets at this year's Orange County State of the Market Conference at Irvine Company's Venue event facility at its new ...
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Premier Workspaces to Reposition and Manage 30k sf Space in Aliso Viejo 2/15/23 Premier Workspaces has been selected by Rockhill Management to reposition and manage coworking operations at “The Heights” in Aliso Viejo. This modern, 30k sf space was formerly operated by TechSpace and most recently Industr...
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Greenlaw Partners Pays $58 Mil for Two Anaheim Industrial Facilities 2/13/23 Greenlaw Partners acquired a portfolio of two last-mile warehouse and distribution facilities totaling 198.8k sf in Anaheim for $58 mil ($292/sf). Completed in 1977 and 1978, the adjacent properties are located at 1701-1771 S...
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Commercial Real Estate Financing Briefs 2/10/23 JLL CAPITAL MARKETS -- Matt Stewart and Analyst Chris Jaffe with JLL Capital Markets have arranged $69.1 mil in post-close acquisition financing for Walnut Business Park, a 33-building, 334.8k sf light industrial portfolio ow...
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Fountain Valley Biz Campus Trades for $16.5 Mil 2/02/23 Manhattan West Real Estate has acquired Talbert-Mount Washington Industrial Park, a two-building multi-tenant industrial asset totaling 59.8k sf in Fountain Valley, for $16.5 mil ($276/sf). The property, situated on 2.9 acres...
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OC Biz Campus Trades for $315/sf 1/31/23 A private investor paid $13.5 mil for Struck Business Park, a 42.8k sf ($315/sf), two-building industrial park located at 1523 and 1547 West Struck Ave in the City of Orange.
Built in 1976, Struck Business Park is located i...
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Don’t Miss RENTV’s 2023 O.C. State of the Market Conference on March 16! 1/23/23 Annual CRE event to be held at the Irvine Company's Venue event facility at its new Spectrum Terrace office complex in Irvine
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BLT Enterprises Wraps Up Creative Renovation of Single-Tenant Facility in Irvine 1/23/23 BLT Enterprises has completed $3.3 mil in creative renovations to a 40.6k sf, single-tenant industrial building in Irvine. The strategic improvement program was implemented to meet the specific needs of the building’s tenant,...
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OC Office Market Sees Cautious Optimism 1/19/23 This update provided by real estate services firm JLL
• Negative net absorption continued to accelerate across all submarket clusters except the Airport Area
• Sublease availability kept increasing as a few tech tenants star...
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Rexford Industrial Realty Spends $484/sf on OC Creative Office Structure 1/11/23 Rexford Industrial Realty purchased an 82.6k sf creative office building in Irvine for $40 mil ($484/sf). The property is fully leased to Fox Head Inc, which was recently acquired by Vista Outdoor, the parent company of over ...
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OC Industrial Trade Comps at $333/sf 1/09/23 In a recent OC industrial comp, an 18.6k sf, freestanding building in Garden Grove traded hands in a $6.2 mil ($333/sf) transaction. The property is located at 7071-7081 Patterson Dr, south fo Katella Ave and just east of Kno...
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Third Phase of 1.1 msf Spectrum Terrace in Irvine Completed 1/06/23 The Irvine Company has completed work on the third and final phase of Spectrum Terrace, a 1.1 msf office campus within the Irvine Spectrum. Located at the confluence of I-405 and Hwy 133 in Irvine, the state-of-the-market dev...
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Guthrie Development Company Buys 70k sf OC Industrial/Retail Park 1/05/23 Guthrie Development Company has acquired Pacific Tustin Commercenter, a 69.9k sf, Class A multi-tenant industrial and retail business park in Tustin, for $19.7 mil ($282/sf). In the unique transaction, the firm acquired the b...
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Healthcare Property Advisors Spends $80 Mil on Brea Office/Medical Property 1/04/23 Healthcare Property Advisors (HPA) has acquired Imperial Mariner, a four-building, 288.2k sf office / medical office campus in Brea, for $80 mil ($277.50/sf). The purchase was financed with an acquisition loan for $44 mil.
I...
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Garden Grove Industrial Building Fetches $400/sf 12/28/22 A 22k sf industrial building in Garden Grove traded hands at a price of $8.83 mil ($401/sf). The property is located at 13831 Seaboard Circle, west of Harbor Blvd and just south of the 22 Fwy. Built in 1978, the highly functi...
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Whittier Multifamily Property Goes for $285k/Unit 12/22/22 A private investor paid $7.4 mil for a 26-unit ($285k/unit) res property in the city of Whittier. The property, Governor Apartment Homes, is located on seven acres at 8407 Hydro Dr, west of Whittier Blvd and south of Washingt...
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Buchanan Street Partners Pays $28 Mil for South OC Office Property 12/21/22 Buchanan Street Partners paid $28.1 mil for Oakbrook Plaza, a four-story, 120.4k sf ($233/sf) office property in Laguna Hills. The building was sold by a New York City-based fund manager in an off-market transaction.
The pro...
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Boardwalk Investments Group Lands $245 Mil Refi on Mixed CA Portfolio 12/15/22 Boardwalk Investments Group has secured $245 mil in refi money on a CA portfolio that includes: an iconic Napa Valley hotel property; three Class A coastal Orange County retail centers; a Class A multi-housing community locat...
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