| Commercial Real Estate Financing Briefs
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...
| Virtus Real Estate Capital Picks Up OC Medical Office Building
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 ...
| Avanath Capital Management Closes on Second OC Senior Housing Buy
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...
| OC Industrial Facility Comps at $236/sf
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...
| Newport Beach Medical Office Building Fetches $1,367/sf
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 ...
| Champion Real Estate Company Closes $44 Mil OC Apartment Buy
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...
| Two Laguna Beach Multifamily Sales Generate $9.5 Mil
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...
| Anaheim Industrial Building Fetches over $13 Mil
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...
| Stream Realty Partners Buys 49k sf OC Retail Center
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...
| Laguna Hills Medical Office Building Trades
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...
| 10-Unit OC Res Property Sells for $470k per Unit
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 ...
| Lee & Associates Founder Bill Lee Passes Away
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...
| Rexford Industrial Realty Buys Five Assets Totaling 382k sf in Feb and March
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...
| North Palisade Partners LLC to Build OC Logistics Project
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...
| Harbor Associates LLC and Singerman Real Estate Acquire 297k sf Office Asset in Aliso Viejo
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...
| DJM Capital Secures $45 Mil in New Financing on Retail/Office Property in Newport Beach
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...
| Buchanan Street Partners Buys 91k sf OC Retail Asset
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 ...
| OC Retail Property Sells for $5.8 Mil
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...
| Trumark Homes Buys 12.6 Acres from Saddleback Valley Community Church in Mission Viejo for $6.5 Mil
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...
| Advanced Real Estate Spends $58 Mil on Irvine Multifamily Community
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...