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• Brixmor Property Group Closes on 182k sf OC Shopping Center
1/21/22
Brixmor Property Group closed on the acquisition of an Orange County retail property, paying $85.7 mil for Brea Gateway Center, a 181.9k sf ($471/sf), top-tier grocery- and drug-anchored retail center in the Orange County cit...
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• DJM Capital Completes $29 Mil OC Retail Buy
1/21/22
San Jose-based DJM Capital acquired Gateway Center, a 79k sf retail destination in Mission Viejo, for $39.5 mil ($500/sf). The purchase was financed with an acquisition loan of $28.9 mil.
Completed in 1979, Gateway Center is...
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• Meridian Finishes Up Medical Office Conversion of 114k sf Irvine Building
1/21/22
Meridian has completed the conversion of a 114.2k sf, four-story Class A office building in Irvine into a 100% Class A medical office building. The building is situated on 4.8 acres at 114 Pacifica Ct, bordered by the Interst...
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• MicroPort Scientific America Spends $40 Mil on Irvine HQ Property
1/19/22
MicroPort Scientific America Inc paid $40.23 mil for 16800 and 16802 Aston Street, two flex office/R&D buildings totaling 115.4k sf ($349/sf) and located in the Airport Area submarket of Irvine.
16802 Aston Street is a 65.1...
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• OC Chipotle-Anchored Retail Pad Building Fetches $1,188/sf
1/12/22
A 6.9k sf, Chipotle-anchored multi-tenant retail pad in Foothill Ranch sold for $8.2 mil, or $1,188/sf. The building is located on just under on acre at 26592 Towne Centre Drive and is part of Foothill Ranch Towne Centre, a r...
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• OC Medical Office Trade Tops $500/sf
1/11/22
Here’s a quick sales comp of a recent OC medical office building trade. A 34.2k sf facility in Aliso Viejo sold for $17.5 mil, or $512/sf. It was 62% leased at time of sale.
The building, located at 15 Mareblu, is also known...
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• Rexford Industrial Realty Rings in the New Year with $270 Mil of End-of-Year Purchases
1/05/22
Rexford Industrial Realty closed out 2021 with the acquisition of eight industrial properties for an aggregate purchase price of $270 mil. The acquisitions were funded using cash on hand and proceeds from forward equity settl...
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• Costa Mesa Storefront Property Sells for Over $1,000/sf
12/30/21
A private investor paid $4.2 mil for a 4k sf ($1,051/sf) retail storefront in Costa Mesa. The property was sold by Red-E-Rentals, a local contractor equipment rental company had been in this location since the mid 1970’s.
Th...
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• Tustin High-Tech Facility Acquired by Stos Partners in $19 Mil Deal
12/28/21
Stos Partners paid $19.2 mil for a 71.6k sf ($268/sf), high-tech manufacturing property in Tustin. The property is located at 1311 Valencia Ave, within the Irvine Business Complex.
The property is adjacent to Tustin Legacy, ...
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• OC Office Campus Gets New Owner in End of Year Deal
12/22/21
Sky Park, an 81.6k sf, three-building office campus in Irvine traded hands in a recent deal. The property was acquired from The Koll Company by a private investment entity.
The property, originally developed in 1975 by The I...
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• OC Multifamily Community Acquired for $182.5 Mil by GID
12/10/21
The Valentia Apartment Homes, a Class A multifamily community consisting of 335 market-rate units in the North Orange County submarket of La Habra, sold for $182.5 mil ($545k/unit). The property is located at 951 S. Beach Blv...
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• OC Multifamily Sale to AmpliFi Apartment Unit Prices in the Region
12/06/21
AmpliFi Apartments, a 290-unit luxury apartment community located at 600 West Commonwealth in Fullerton, recently traded hands in a $168 mil transaction. The buyer was Nuveen Real Estate. We’re told that at $579.3k per unit, ...
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• Kingsbarn Realty Capital LLP and Barker Pacific Group Buy Fullerton Towers Complex
12/03/21
In its first joint venture with Kingsbarn Realty Capital LLP, Barker Pacific Group (BPG) has acquired Fullerton Towers, a three-building, 233.2k sf office complex in Fullerton. The property consists of two multi-tenant build...
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• Guthrie Development Company Collects $61 Mil from Sales 63 Industrial Units in Orange County
11/19/21
In recent OC industrial activity, Guthrie Development Company has sold 63 individual units across three industrial properties for a combined total of $61.5 mil.
“The industrial sector overall is thriving, and the Orange Cou...
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• Tustin Rehabilitation Hospital Trades for $18 Mil
11/15/21
Tustin Rehabilitation Hospital, a 73.2k sf medical property comprising two buildings in Tustin, was purchased by an unnamed healthcare investor/operator for $18 mil ($246/sf). We’re told it is currently the only freestanding ...
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• Products Engineering Corporation Leases 72k sf of Distribution Space in Brea
11/11/21
Products Engineering Corporation has leased 72.3k sf of space at Sunset Distribution Center in Brea. Terms of the deal were not disclosed.
The 101.3k sf industrial facility, located at 566 Vanguard Way, features 26-foot clea...
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• Newport Beach Office Building Puchased by Ocean West Capital Partners and Rockwood Capital in $64 Mil Transaction
11/09/21
A 214.9k sf, Class A office building traded for $64 mil, or $298/sf, in an off-market transaction. The 10-story building, located at 1301 Dove St, was acquired by a joint venture between Ocean West Capital Partners and Rockwo...
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• OC Office Campus Trades for $50 Mil
11/08/21
The Campus at South County, a 210k sf, two-building, Class A office campus in Foothill Ranch, traded hands in an off-market, $50 mil ($238/sf) deal.
Located at 27051 and 27121 Towne Centre Drive, The Campus at South County i...
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• Waterford Property Company and California Statewide Community Development Authority Close $127 Mil Anaheim Multifamily Buy
10/26/21
In a major multifamily buy out of Orange County, Waterford Property Company and California Statewide Community Development Authority have purchased 1818 Platinum Triangle, a 265-unit apartment community in Anaheim’s Platinum ...
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• Amp Research Takes 105k sf OC Industrial Space
10/22/21
Amp Research, a leading automotive parts manufacturer, signed a new lease for 104.9k sf of industrial space in Brea. Amp Research will use the space, located at 3172 Nasa St, for its west coast distribution center which it is...
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