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• Commercial Real Estate Financing Briefs
5/03/21
DAVID B. NORTON - David B. Norton Inc arranged $39.3 mil in ground-up financing for the land acquisition and construction financing of a 314-unit garden style apartment complex outside of San Antonio, TX. The development is l...
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• Virtus Real Estate Capital Picks Up OC Medical Office Building
5/03/21
Virtus Real Estate Capital purchased a 21.6k sf, medical office building in Fullerton from Healthcare Property Advisors. The property, 101 Laguna, is located approximately 30 miles southeast of Downtown Los Angeles, adjacent ...
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• Avanath Capital Management Closes on Second OC Senior Housing Buy
4/26/21
Avanath Capital Management LLC has acquired its second OC senior housing community in less than 90 days. In this latest deal, the firm purchased Overlook at Anaheim Hills, a 261-unit, mixed-income senior apartment community i...
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• OC Industrial Facility Comps at $236/sf
4/23/21
A 12.5k sf industrial building in the City of Santa Ana sold for $2.955 mil ($236/sf). The building is located at 2509 S Broadway within Orange County’s Airport industrial submarket.
The free-standing, single-story manufact...
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• Newport Beach Medical Office Building Fetches $1,367/sf
4/21/21
Newport Harbor Medical Plaza, a 30k sf, Class A Medical office building in Newport Beach, was acquired by a private investor in a $41 mil ($1,367/sf) transaction. Completed in 2020, the three-story building is located at 330 ...
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• Champion Real Estate Company Closes $44 Mil OC Apartment Buy
4/21/21
Champion Real Estate Company has acquired Oxford North, a 100-unit, 346-bed student housing community in Fullerton, for $44.4 mil ($444k/unit). The property, located at 2000 Oxford Ave, adjacent to California State University...
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• Two Laguna Beach Multifamily Sales Generate $9.5 Mil
4/19/21
Two Laguna Beach multifamily properties traded hands in separate deals that totaled $9.5 mil. The assets were sold by the same family partnership entity that was represented by Dan Blackwell and Mike O’Neill with CBRE in both...
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• Anaheim Industrial Building Fetches over $13 Mil
4/19/21
A 50.6k sf industrial building at 1480 N. Hancock St in Anaheim sold for $13.1 mil ($259/sf). The buyer was Moriel Real Estate LLC, who also owns an adjacent building.
Situated on two and one-half acres, 1480 N. Hancock Stre...
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• Stream Realty Partners Buys 49k sf OC Retail Center
4/15/21
Stream Realty Partners acquired a 49.3k sf, grocery-anchored shopping center in Santa Ana. The property, located at 2360 N Tustin Ave, had previously been owned by two private owners for the past 50 years.
Stream acquired bo...
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• Laguna Hills Medical Office Building Trades
4/14/21
The Laguna, a 57.6k sf medical office building in Laguna Hills, was purchased by a publicly traded Real Estate Investment Trust that focuses on owning, managing, acquiring and developing outpatient medical facilities througho...
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• 10-Unit OC Res Property Sells for $470k per Unit
4/09/21
In a recent OC multifamily sales comp, a 10-unit asset in Costa Mesa traded for $4.71 mil ($471k/unit). Both parties were private investors.
The community, located in Eastside Costa Mesa at 377 and 381 E. 18th St, is within ...
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• Lee & Associates Founder Bill Lee Passes Away
4/07/21
Bill Lee passed away after a long battle with cancer and cancer-related complications last night. He was 78 years old.
Bill Lee founded Lee & Associates Commercial Real Estate Services in 1979 in Orange County, CA. The comp...
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• Rexford Industrial Realty Buys Five Assets Totaling 382k sf in Feb and March
4/01/21
In the latest activity by Rexford Industrial Realty, the company acquired five industrial properties representing 382.3k sf of improvements for an aggregate purchase price of $68.8 mil. The company also sold one industrial pr...
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• North Palisade Partners LLC to Build OC Logistics Project
3/31/21
North Palisade Partners LLC plans to develop a $22 mil industrial logistics center on a 7.75-acre site in Anaheim it purchased from Torrance Logistics Co for $14 mil. The project, located at 1477 N. Jefferson St, will be bui...
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• Harbor Associates LLC and Singerman Real Estate Acquire 297k sf Office Asset in Aliso Viejo
3/19/21
In a big OC office buy, Harbor Associates LLC and Singerman Real Estate have acquired the 297.3k sf Summit IV office campus in Aliso Viejo, in an off-market transaction. The asset consists of the two buildings located at 15 a...
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• DJM Capital Secures $45 Mil in New Financing on Retail/Office Property in Newport Beach
3/18/21
DJM Capital has recapitalized Lido Marina Village, a 106k sf, multi-block waterfront boutique retail and office property on Balboa Peninsula in Newport Beach. The $45.6 mil in bridge financing was arranged by George Smith P...
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• Buchanan Street Partners Buys 91k sf OC Retail Asset
3/16/21
Buchanan Street Partners has acquired E405 Euclid Shops, a 91.5k sf flex/showroom retail center in Fountain Valley, for $24 mil ($262/sf). Situated on 4.9 acres at 18225 to 18349 Euclid St, the highly-visible center includes ...
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• OC Retail Property Sells for $5.8 Mil
3/12/21
A 26.4k sf, Grocery Outlet-occupied retail property in Anaheim sold for $5.82 mil, or $220/sf. The buyer was a Los Angeles-based private investor.
The “essential needs” grocery store is situated on just over two acres at 343...
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• Trumark Homes Buys 12.6 Acres from Saddleback Valley Community Church in Mission Viejo for $6.5 Mil
3/10/21
In a South OC land buy, Trumark Homes picked up 12.61 acres in Mission Viejo for $6.5 mil. The property was sold by Saddleback Valley Community Church. Proceeds from the sale went to fund the church’s ministries such as their...
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• Advanced Real Estate Spends $58 Mil on Irvine Multifamily Community
3/08/21
Advanced Real Estate has just wrapped up its first purchase of 2021, paying $58 mil for Axis 2300, a 115-unit ($504k/unit) multifamily property in Irvine. The community was sold by by Essex Property Trust.
The property was...
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