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• NAIOP SoCal’s Night at the Fights Havana Nights Entertains with CRE Industry Boxing Matches and More
10/02/23
More than 1,000 CRE professionals came together on September 21 at the OC Fair and Event Center to experience NAIOP SoCal’s Night at the Fights. Themed Havana Nights, the signature black-tie event featured a colorful celebrat...
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• Orange County Industrial Market Stabilizing
9/21/23
This report provided by real estate services firm Kidder Mathews
MARKET HIGHLIGHTS
• Direct vacancy rate, which is currently at 2.0%, is still reasonably low.
• Market rental average increased by 18% from year-to-year, rea...
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• TruAmerica Multifamily Buys OC Multifamily Community in $103 Mil Deal
9/19/23
TruAmerica Multifamily purchased Nineteen01, a 264-unit apartment asset in Santa Ana, in a $102.9 mil ($390k/unit) transaction. The Class A property, which was acquired in partnership with PCCP LLC at a significant discount t...
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• Terreno Realty Corporation Picks Up Santa Ana Site for Redevelopment
9/19/23
Terreno Realty Corporation spent $14.8 mil for a 4.9-acre site containing three multi-tenant office buildings at 1720 E Garry Ave in Santa Ana leased on a short-term basis. The property is located immediately adjacent to the ...
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• Aseem Tandon, Kamlesh Patel and Johnny Quan Join Cushman & Wakefield in Orange County
9/14/23
A SoCal hospitality brokerage team consisting of Aseem Tandon, Kamlesh Patel and Johnny Quan has joined Cushman & Wakefield in Orange County. Tandon joins as Executive Director, with Patel as Senior Associate and Quan as Asso...
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• Gelt Venture Partners Buys 125-Unit OC Res Community for $63 Mil
9/12/23
Gelt Venture Partners LLC (GVP) has acquired Union Place, a 125-unit multifamily community in the Orange County city of Placentia, for $63.15 mil ($505.2k/unit). The property is situated on just over five acres at 1500 Cherry...
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• Advanced Real Estate Spends $96 Mil on Huntington Beach Res Community
9/11/23
Advanced Real Estate closed on a $96 mil res buy in Huntington Beach. The company bought a 264-unit ($363.6k/unit) property formerly known as Citron House, located at 7701 Warner Ave, just west of Beach Blvd.
The property,...
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• OC Office Campus Trades in $76 Mil Deal
9/07/23
A 405.1k sf, office campus in Fullerton was acquired by a local family investment entity for $76.5 mil, or $188/sf. The property, situated on 33.76 acres at 1801 Hughes Dr, is fully leased to Raytheon, an investment grade cre...
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• Artisan Ventures and an affiliate of Walton Street Capital Pick Up 160k sf SoCal Portfolio
9/06/23
Artisan Ventures and an affiliate of Walton Street Capital L.L.C. have acquired a portfolio known as the “SoCal 2-Pack,” consisting of two light industrial assets located in Santa Fe Springs and Brea totaling 159.5k sf of spa...
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• CRE Industry Turns Out for Building Block Foundation Fund Charity Event at Newport Dunes
8/31/23
Hundreds of commercial real estate professionals celebrated on the beach and under the stars at the Building Block Foundation Fund White Party, held August 23, at Newport Dunes in Newport Beach.
The White Party event is an a...
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• Electric Vehicle Firm Leases 165k sf Garden Grove Facility
8/29/23
Harbinger Motors Inc leased a 165.2k sf, state-of-the-art manufacturing and distribution facility in Garden Grove. The company will use the building, located at 12821 Knott St, to manufacture state-of-the-art electric light a...
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• Three CRE Industry Bouts Announced for NAIOP SoCal’s Night at the Fights
8/23/23
For the first time in NAIOP SoCal Night at the Fight’s history, six professionals from the commercial real estate industry will take their place in the ring during three industry bouts. One of the most anticipated commercial ...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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 ...
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