| Huntington Beach Industrial Facility Purchased for over $300/sf
A 12k sf industrial facility in Huntington Beach traded hands in a $3.65 mil ($304/sf), off-market deal. The asset is 100% NNN-leased to collision repair operator Service King, a national credit tenant.
Situated on 0.57 acre...
| Two SoCal Retail Centers Hit the Market
We’ve learned of two unique SoCal lifestyle and entertainment centers that have hit the market. One of the properties, Plaza Mexico, is located in the City of Lynwood, while the other, The Source, is located in Buena Park. Bo...
| OC Shopping Center Lands $17.5 Mil Refi
Tustin Heights Shopping Center, a 137.3k sf, shopping center anchored by Trader Joe’s in the OC city of Tustin, has been refinanced with a new loan for $17.55 mil. The center is owned by Kimco Realty Corp and an institutional...
| OC Mixed-Use Logistics Asset Sells
A fund sponsored by CBRE Global Investors has acquired Irvine Crossing, a 395.7k sf, mixed-use logistics asset in Orange County. The property is a fully leased property that is comprised of a powered shell data center and a l...
| Oadeer Home and EXPO Convention Contractors Take 93k sf of OC Industrial Space
Oadeer Home and EXPO Convention Contractors leased 93.4k sf of industrial space at a newly built industrial center in the north OC city of Placentia. The new Class A, free-standing project located at 718 and 719 Lakeview Loop...
| Costa Mesa Retail Property Purchased for $4.2 Mil by Emerald Property Group
Paularino Plaza, a 9.6k sf retail center in Costa Mesa, has sold for the first time in the more than 50 years since it was built. The asset was acquired by Emerald Property Group for $4.2 mil ($437/sf) in an off-market transa...
| Investor Exchanges into $13.7 Mil OC Res Buy
Islandia Apartments, a 46-unit apartment building in Westminster, was purchased for $13.7 mil ($298k/unit) by a private family partnership as part of a 1031 exchange.
The property, located at 7152 Fenway Dr, features five s...
| Healthcare Realty Pays $24.6 Mil for OC Medical Office Building
Healthcare Realty closed on the $24.6 mil purchase of Saddleback Professional Center, a 73k sf ($337/sf), medical office building in Laguna Hills. The property, located at 24012 Calle De La Plata, was sold by Miramar Capital....
| OC Industrial Comp Works Out to $236/sf
In a recent OC industrial buy, Elk River Capital, based out of Steamboat Springs, CO, paid $11.7 mil for a 49.5k sf ($236/sf), freestanding industrial building on 2.87 acres of land in Santa Ana. The property, located at 2249...
| Space Investment Partners Begins Redevelopment of Costa Mesa Retail/Office Property
Space Investment Partners has begun a major, multi-million-dollar redevelopment of, a 59k sf, mixed-use retail and office property located at 2651-2675 Irvine Ave in Costa Mesa. The firm acquired the property in 2019.
| Net-Lease Investment Activity Close to Pre-Pandemic Levels
This report was provided by CBRE
Investment in U.S. net-lease properties was close to pre-pandemic levels in Q1 2021, driven by robust institutional acquisition activity, increased interest in office assets as return-to-the-...
| Crown Associates Realty Buys 122k sf of Industrial Space in Huntington Beach
Crown Associates Realty, out of Beverly Hills, recently purchased two fully leased industrial buildings totaling 122.3k sf in Huntington Beach. The price was not given out.
One of the properties is a 60.9k sf building situat...
| Western Realco and RREEF Purchase 222k sf of OC Office Buildings for Land Value
A joint venture of Western Realco and RREEF purchased four office buildings totaling 222k sf on approximately 13 acres in Lake Forest. The properties were acquired on a land basis with the intent to redevelop them into new hi...
| South OC Office Campus Trades in $40 Mil Transaction
Kingsbarn Real Estate Capital closed on a South Orange County office buy, paying $40.45 mil for Palm Terrace, a 155.8k sf ($260/sf), Class A office campus in Lake Forest. The asset, consisting of three two-story office buildi...
| Anaheim Res Property Goes for $332k/Unit
A 14-unit multifamily property in Anaheim sold for $4.65 mil ($332k/unit). It was traded between two private investors.
The property, located at 129 S. Olive St, sits in the prime area of Downtown Anaheim and is just steps a...
| Sheraton Park Hotel in Anaheim is Undergoing a Renovation
Taconic Capital Advisors LP has begun work on a remodel of the Sheraton Park Hotel at the Anaheim Resort, a 498-room hotel within walking distance to Disneyland Resort that the firm just recently acquired. The renovation work...
| Anaheim Industrial Building Goes for Over $4 Mil
A 16k sf, freestanding industrial building in Anaheim traded for $4.16 mil ($260/sf). The building is located at 1140 N. Tustin Ave, just north of the 91 Fwy.
The property features include street frontage and monument sign o...
| OC Healthcare Portfolio Lands $58 Mil Refi
Pacific Coast Holdings Investment, a local real estate investment group, has locked in a $58.2 mil refi on a five-property healthcare portfolio in Orange County. The portfolio consists of three acute-care hospitals leased to ...
| BH Properties Buys OC Industrial Complex for $21 Mil
BH Properties has acquired Freeway Corporate Park, a 128.3k sf, multi-building, multi-tenant office complex in Santa Ana. The property, situated in the desirable Orange County Airport Area/Irvine Business Complex, traded for ...
| Investor Trades into $6.8 Mil Los Alamitos Apartment Buy
A 1031 exchange investor paid $6.8 mil for a 20-unit ($340k/unit) multifamily community in Los Alamitos. Located at 3612 Green Ave, east of I-605 and just south of Katella Ave, the 16.8k sf property was originally built in 19...