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May 20, 2024
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• Work Moving Forward on Largest Adaptive Office Re-Use Project in Orange County
Base build for Phase I of The Press in Costa Mesa has been completed. Once a thriving newsroom, printing press and distribution facility for the LA Times, dating back to the 1960ís, the property has been reimagined as a state...
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• OC Last Mile Distribution Facility Trades
A newly developed, last mile transloading eCommerce distribution facility situated on 11 acres in La Habra was acquired by an unnamed institutional investor. The property is 100% leased to a national credit tenant. Located a...
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• New 88k sf Athletics Center Completed at Orange Coast College
The new Kinesiology and Aquatics Pavilion at Orange Coast College (OCC) in Costa Mesa has been completed. The 88k sf athletics center features expanded and modernized space for a variety of OCC programs, including physical ed...
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• Eagle Four Partners and Lyon Living Buy Newport Beach Marriott Hotel & Spa
Newport Beach-based Eagle Four Partners and Lyon Living have teamed up in the purchase of Newport Beach Marriott Hotel & Spa, a 532-key hotel in Newport Beach. The resort was sold by Host Hotels & Resorts for approximately $2...
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• Creative Office Asset in Irvine Gets New Owner
Airport Professional Center, a 39.9k sf creative office campus in Irvine, was acquired by a private investor. The two-building property, 65% leased at time of sale, was sold by KP Airport Professional Center LLC. Airport Pro...
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• Inari Medical Inc Leases 120k sf of Irvine Space
Inari Medical Inc signed a lease for 120.6k sf of space in Irvine. The firm, a commercial-stage medical device company focused on developing products to treat and transform the lives of patients suffering from venous diseases...
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• Orange County Industrial Sales Comp Comes in at $215/sf
In a recent industrial sales comp out of Orange County, a 24.6k sf industrial building in Placentia sold for $5.28 mil ($215/sf). The property is located at 625 S. Fee Ana St, north of the 91 Fwy and just east of Richfield Rd...
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• Acquisition of Two SoCal Properties Financed with $28.3 Mil Loan
An unnamed, high-net-worth investor has obtained $28.3 mil in financing for the purchase of two SoCal properties, one a medical office building in Tustin, and the other an industrial property in San Diego. The assets had a co...
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• Healthcare Realty Trust Wraps Up $14 Mil MOB Buy in Orange County
Healthcare Realty Trust has purchased Trico Sycamore Plaza, a 22.6k sf, multi-tenant medical office building in the city of Orange, for $14 mil ($619/sf) in an off-market deal. The seller was Trico Sycamore Plaza L.P., the or...
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• KDF Communities Acquires Seniors Multifamily Property in Huntington Beach for $49 Mil
KDF Communities has purchased Five Points Senior Apartments, a 166-unit multifamily community in Huntington Beach, for $49 mil, or $295k/unit. The property was sold by a private seller who originally developed the project in ...
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• The Source H20 is a New, 70k sf Office Community Just Completed in Irvine
Construction has been completed at The Source H20, a new, 70k sf modern office community in Irvine. The project, developed by Irvine Ranch Water District, fronts on Odyssey and is situated at the intersection of Waterworks Wa...
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• Four Restaurants Take Space at South OC Community Shopping Center
Four restaurants have inked new leases at The Center at Rancho Niguel, a 360k sf, community shopping center located at Crown Valley Pkwy and Greenfield Dr in Laguna Niguel. The restaurants are Calo Kitchen + Tequila, Snooze E...
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• Mission Viejo Land Purchased for 60-Unit Res Development
A 4.11-acre site in Mission Viejo was acquired in a $9.94 mil deal for a planned residential development. The site, located at 28719 Los Alisos Blvd, offers 2.75 buildable acres that can be used for the new project, City Lane...
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• City of Huntington Beach Buys Dev Site for Low-Income Housing
The city of Huntington Beach purchased a 0.78-acre multifamily development property in Huntington Beach for $2.97 mil. The undeveloped site, located at 17631 Cameron Lane, sits within a residential community near the 405 Fwy ...
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• Elbi of America Leases 65k sf OC Industrial Building
Elbi of America has inked a lease for an entire freestanding, 64.6k sf industrial building in Anaheim. The building is located at 1210 North Red Gum St, north of the 91 Fwy and east of the 57 Fwy. Elbi will utilize the space...
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• Premier Workspaces Adds New Center in Newport Beach
Premier Workspaces has added Koll Center Newport, at 4590 MacArthur Blvd in Newport Beach, to its growing network of more than 90 locations across the country. Located across the street from John Wayne Airport and minutes aw...
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• Advanced Real Estate Services Secures $240 Mil in Refi Money on Six SoCal Multifamily Assets
Advanced Real Estate Services Inc has completed $240.44 mil in refinancings on six SoCal multifamily communities totaling 1,223 units. The Freddie Mac and Fannie Mae financings were arranged by NorthMarq Capital and generated...
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• Brandywine Homes Buys OC Dev Site
Brandywine Homes picked up a multifamily development infill site in Placentia for $3.9 mil. The 1.3-acre parcel is located at 1049 Golden Ave, near the intersection of Imperial Hwy and Rose Dr. The buyer, who obtained the e...
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• SoCal Industrial Sales Comp Total $15 Mil
Here are a couple of brief SoCal industrial property sales comps, from Fullerton and Murrieta. The deals total roughly $15 mil. In Fullerton, a freestanding, 48.2k sf building traded for $10.01 mil, or $208/sf. The property ...
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• RiverRock Real Estate Group Gets a New HQ Office Building in Irvine
RockRiver 8 LLC, an LLC comprised of RiverRock Real Estate Group Founder John Combs and Sheldon Harte, founder of Harte Brownlee & Associates, has acquired a 20.4k sf, single-story office building in Irvine. The building, loc...
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