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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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• City of Orange Honors AO Architects for 50 Years of Award-Winning Design Work and Community Service
3/28/24
Celebrating a half-century of award-winning design, innovation, and community building, the City of Orange honored AO, a leading full-service architecture firm with expertise spanning the full commercial and multifamily resid...
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• Fullerton Warehouse Property Sells for $277/sf
3/28/24
A 48.2k sf, freestanding industrial warehouse in Fullerton sold for $13.35 mil ($277/sf). The building sits on 2.21 acres at 1450-1456 S. Manhattan Ave, east of Raymond Ave and just north of the 91 Fwy.
Garrett McClelland an...
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• See Who Spoke at RENTV's March 21 OC State of the Market Conference
3/27/24
Below are pics of the expert speaker panels who spoke at RENTV's Orange County State of the Market Conference, held March 21, 2024 at Irvine Company's Venue event facility in Irvine.
Photos: Allen Wolfsheimer
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• Auto Dealership Buys Industrial/Storage Property in City of Orange
3/21/24
A 1.78-acre industrial outdoor site with five pre-existing storage buildings in the City of Orange was purchased by an auto dealership, McPeek’s Chrysler Dodge Jeep of Anaheim, in an $8.6 mil transaction. The property is loca...
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• Two Office Condos Sell in Recent Newport Beach Conversion Project
3/19/24
Shopoff Realty Investments sold two office condos in its Waypoint Newport project, located at 4440 Von Karman Ave in Koll Center Newport. The transactions were for units of 1.6k sf and 1.1k sf in size.
“It is no secret that ...
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• Tourmaline Capital Pays $16.7 Mil for OC Retail Center
3/14/24
In a recent OC retail buy, Tourmaline Capital paid $16.7 mil for Anaheim Hills Shopping Village, a 67.5k sf ($247/sf) center in Anaheim. The property was sold by a private family partnership, who was the original developer.
...
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• Huntington Beach Development Site Trades in $10.25 Mil Transaction
3/08/24
A one-acre redevelopment site in Huntington Beach sold for $10.25 mil. The site, located at 1810 Pacific Coast Highway, was acquired by WJK Development. The buyer plans to utilize the site to develop boutique luxury homes.
...
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• NAIOP SoCal Orange County Real Estate Challenge Featuring Chapman University vs. University of California, Irvine to be Held April 17
3/08/24
The 3rd Annual NAIOP SoCal Orange County Real Estate Challenge between graduate student teams from the Chapman University Argyros College of Business & Economics (Chapman) and the University of California, Irvine Paul Merage ...
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• Orange County Multifamily Portfolio Lands $225 Mil in Financing
3/01/24
A long-time OC-based multifamily owner/investor has obtained $224.7 mil in financing for a six-property, 1,192-unit multifamily portfolio in Orange County. Five properties in the portfolio were refinanced in order to secure e...
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• Alliance Residential Finishes Work on 264-Unit Res Development in Irvine
2/28/24
Broadstone Edition, a 264-unit res development in Irvine, has been completed. The project, developed by Alliance Residential and designed by KTGY, will offer a mix of market-rate and affordable residences.
Located at 1100 St...
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• Kearny Real Estate Company to Develop 163k sf Logistics Project in Santa Ana
2/23/24
Kearny Real Estate Company has started demolition of two office buildings at 3100 and 3130 S. Harbor Blvd in Santa Ana, to enable the development of Harbor Logistics Center, a 163k sf, Class A warehouse and distribution compl...
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• Anaheim Multifamily Asset Trades for $79 Mil
2/23/24
Chateau de Ville, a 254-unit multifamily property in Anaheim, sold for $79.1 mil, or $311k/unit. The property is located at 2020 W. Alameda Ave, east of Brookhurst St on the southwest side of I-5.
Built in 1970 on nine acres...
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• Murray Company Pays $19 Mil for OC Office Building in Owner/User Purchase
2/22/24
Murray Company purchased a 104.7k sf, Class A office property in the OC city of Cypress for $19 mil ($181/sf). Originally built in 1986, the property is located at 5995 Plaza Dr, north of Katella Ave and adjacent to the west ...
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• Continental Realty Corporation Acquires 292k sf Retail Asset in Orange County
2/15/24
Continental Realty Corporation acquired The South Coast Collection (“SOCO,”) a 292k sf, urban-infill shopping center in Costa Mesa. The purchase was financed with an acquisition loan of $66 mil.
Situated in the center of Ora...
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• Commercial Real Estate Financing Briefs
2/09/24
NORTHMARQ - David Gahagan, Chris Hammel and Chandler Kaye with Northmarq arranged an $82 mil refi loan on The Cartwright apartments in Irvine. Built in 2021, the multifamily property features 272 units located at 17600 Cartwr...
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• Investor Pays $539/sf for Irvine Office Property
2/05/24
A 20.8k sf office building in Irvine sold for $11.2 mil, or $539/sf. From what we understand, this is the highest price per square foot for Irvine office space over 20k sf since 2019.
Located at 2485 McCabe Way, the two-stor...
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• OC Res Development Lands $128 Mil in Construction to Permanent Financing
1/29/24
Legado Companies has obtained $128 mil of construction-to-permanent financing in three tranches, from three separate lenders, for the development of the Legado at the Met multifamily project in Santa Ana.
The 268-unit, mark...
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