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CBRE Investment Management Picks Up Four-Building Medical Office Portfolio in South OC 8/24/22 CBRE Investment Management, on behalf of a fund it manages, has acquired a four-building medical office portfolio totaling 282.7k sf in the South OC city of Mission Viejo through a joint venture with Healthcare Realty Trust. ...
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OC Office Market Occupancy Rate Saw an Uptick in the 2nd Qtr 2022 8/22/22 This update provided by real estate services firm NAI Capital
Orange County’s office market gained occupancy as companies persisted in bringing their people back into the office post pandemic. The vacancy rate inched downwar...
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Panattoni Development Company and Link Logistics Real Estate Ink Prelease Deal for New OC Industrial Facility 8/17/22 A brand new, 219.8k sf, Class A industrial/logistics project nearing completion in Tustin has been fully preleased to an undisclosed tenant. The freestanding single-tenant building, located at 14451 Myford Rd, is owned and be...
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Eberhard Equipment Spend $8.6 Mil on OC Industrial Facility 8/12/22 Eberhard Equipment picked up a 9.8k sf industrial facility in Santa Ana for $8.6 mil, or $879/sf. The building, located at 2506 S Harbor Blvd within Orange County’s Central industrial submarket, was sold by a trust.
Built in...
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Guthrie Development Spends $4.3 Mil on OC Industrial Property 8/09/22 Guthrie Development Company has acquired a 13.3k sf, multi-tenant industrial building in Fountain Valley for $4.3 mil ($323/sf). The property is located at 17330 Newhope St, west of Harbor Blvd and south of Warner Ave.
The p...
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OC Flex Office Facility Sells in $91 Mil Deal 8/04/22 A 120k sf, single-tenant flex office building in the Tustin sold for $91 mil ($758/sf). The facility sits on just under six acres at 1382 Bell.
1382 Bell offers two stories of Class A, flex office space with generous window ...
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Class B Office Building in Santa Ana Trades for $11.8 Mil 7/14/22 A 10-story, 107.2k sf office building in Santa Ana sold for $11.8 mil ($110/sf). The Broadway Building, located at 1600 N Broadway, is a Class B office building, built in 1970 and renovated in 2007.
In 2007, the structure u...
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Anaheim Apartment Building Trades for $354/Unit 7/14/22 A newly renovated, 16-unit garden-style multifamily community in Anaheim sold for $5.67 mil, or $354.4k/unit. Located at 2070 S Mountainview Ave, the complex is situated on nearly half an acre and consists of a single two-sto...
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OC Creative Office Campus Trades in $235 Mil Deal 6/30/22 In a major OC office buy, MetLife Investment Management and PGGM acquired Intersect, a four-building, 454k sf creative office campus in Irvine, for $235.25 mil ($518/sf). The property was sold by Hines. The purchase was finan...
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World Premier Investments Group Buys 220k sf OC Retail Center 6/24/22 A group led by World Premier Investments has acquired Fullerton Town Center, a 219.9k sf, grocery-anchored neighborhood retail center located at the intersection of Harbor Blvd and Orangethorpe Ave in the Central Orange Count...
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Dunleer Spends $13 Mil on Two SoCal Industrial Storage Properties 6/20/22 Dunleer has acquired two Industrial Outdoor Storage properties in deals totaling approximately $13 mil. The properties are located at 4404 W 1st Street in Santa Ana and 10027 Artesia Boulevard in Bellflower.
According to BJ ...
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Rexford Industrial Acquires Fullerton Hotel Asset for Industrial Redevelopment 6/15/22 Rexford Industrial acquired the seven-acre Hotel Fullerton property in Orange County for $45 mil. The property, located at 1500 S Raymond Ave, was sold by Huoyen International Inc.
Rexford Industrial will be demolishing the...
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Rockwood Capital Affiliate Picks Up 250-Unit Res Community in Costa Mesa 6/01/22 An affiliate of Rockwood Capital LLC has acquired 580 Anton, a five-story, 250-unit luxury apartment community in Costa Mesa. The property was sold by Legacy Partners. A price was immediately disclosed.
580 Anton features a ...
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Join RENTV and REJournals on July 26 for our 2022 Orange County State of the Market Conference 5/25/22 This in-person event will feature high-powered panels of top local executives and dealmakers discussing the Office, Retail, Industrial, Multifamily and Finance markets throughout the OC.
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South OC Industrial Asset Sells for Over $700/sf 5/20/22 Laguna Canyon Industrial, a two-building, 29.8k sf light industrial property in south Orange County, traded for $21.6 mil, or $724/sf. The buyer was an international high net worth investor.
The property is located at 2133-2...
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Chapman University Defeats UCI in NAIOP SoCal’s Inaugural OC Real Estate Challenge 5/10/22 Students from the George L. Argyros School of Business & Economics at Chapman University successfully competed against a team from the University of California, Irvine to develop a winning land use proposal for a site in Anah...
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South OC Retail Center Trades for Over $400/sf 5/09/22 La Paz Village, a 54.6k sf neighborhood shopping center in Laguna Hills, traded for $23.5 mil, or $430/sf. The center opened in 1974 and was refurbished in 2012. The tenant roster reflects the everyday living needs of the com...
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OC Industrial Trade Closes at $193/sf 5/09/22 In a recent OC industrial comp, Dunleer paid $4.71 mil for a 20-unit, 24.4k sf ($193/sf) property in Santa Ana. The asset is located at 2222 to 2308 W. 2nd St, east of Fairview St and north of 1st St.
Built in 1965, the asse...
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Two OC Apartment Comps Total Over $11 Mil 5/05/22 We’ve got two OC apartment sales to report, in separate deals totaling $11.1 mil. In one of the transactions, Palm Court Apartments, a 24-unit property in Buena Park, sold for $6.05 mil, or $252k/unit. In the other deal, Drif...
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MG Properties Buys 215-Unit OC Res Property 4/27/22 MG Properties has purchased The Herald Apartments, a 215-unit, Class A multifamily property in Placentia. The price was not given out.
Built in 2021, The Herald Apartments is located at 150 E. Crowther Ave. The strong demog...
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