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• Tustin Office Building Sells for $542/sf
11/18/19
A 66.8k sf, single-tenant office building in Tustin was acquired by a public GSA REIT for $36.2 million, which works out to $542/sf. The building, located at 14101 Myford Rd, was sold by a joint venture between Stockbridge, o...
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• Anaheim Multifamily Asset Picked Up for $195k/Unit by Exchange Investor
11/13/19
A 32-unit multifamily property in Anaheim was recently acquired by a local investor for $6.21 mil, or about $195k/unit. The all-cash, off-market transaction was part of a 1031 exchange for the buyer.
The apartment complex, w...
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• Rexford Buys 120k sf Facility in North Orange County
11/12/19
Rexford Industrial Realty Inc has acquired another SoCal industrial property, paying $27.6 mil for a 120.3k sf ($54/sf) facility in Brea. The acquisition was funded using cash on hand and the re-investment of proceeds from a ...
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• Gadget Properties Acquires Industrial Property in Anaheim
11/11/19
Gadget Properties, a general contractor, recently purchased a 34k sf industrial building in Anaheim for $8.45 mil, or $248.50/sf.
The structure sits on a 1.85-acre lot at 1700 E. Winston Rd, within two miles of both the I-5...
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• Anchored Retail Center in Upscale Laguna Beach Sells at Record Price per Square Foot
11/08/19
Aliso Creek Shopping Center, a 49.1k sf, fully-leased community shopping center in Laguna Beach, has traded hands. The property, situated on 4.2 acres at 30814-30936 Pacific Coast Hwy, just north of Wesley Dr, was sold by LaS...
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• Los Angeles and Orange County Named Among Greenest Markets in the U.S. for Both Office and Multifamily
11/06/19
This report was provided by real estate services firm CBRE
Los Angeles and Orange County rank among the greenest markets in the country, according to the annual Office Green Building Adoption Index and inaugural Multifamily ...
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• SoCal Investor Pays Over $400/sf for Single-Tenant Dialysis Clinic in Orange County
11/06/19
A 21k sf, single-tenant dialysis clinic in the City of Orange has sold for $8.8 mil, or $419/sf. The property, located at 1809 West Chapman Ave, is fully occupied on an absolute, triple-net lease basis by Fresenius Medical Ca...
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• Harbor Associates Buys 175k sf OC Office Asset
11/05/19
Long Beach-based Harbor Associates has acquired Crown Cabot Financial Center, a six-story, 175.3k sf office building in Laguna Niguel. The multi-tenant building is located at 28202 Cabot Rd and is 87% occupied by 26 tenants i...
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• OC Building Leased to Outback Steakhouse Sells for Over $1,000/sf
11/04/19
A 6.2k sf restaurant property net-leased to Outback Steakhouse in Garden Grove sold for $6.625 mil, or $1,068/sf. The property, built in 2001, is located at 12001 Harbor Blvd, north of the 22 Fwy at Chapman Ave, just three b...
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• Res Development Site in Orange Goes for $5.5 Mil
11/04/19
A 65k sf, senior housing redevelopment site in the city of Orange sold for $5.5 mil, or $84.62 per square foot. The property is located at 1249 E Katella Ave, just west of the 55 Fwy.
The site included a two-story multi-tena...
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• Harbor Associates Completes $80 Mil OC Office Buy
10/30/19
Harbor Associates LLC has acquired a two-property, Class A Orange County office portfolio totaling more than 365k sf in a transaction worth $80 mil ($219/sf). The new acquisitions include: Anaheim City Centre, a 10-story 195k...
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• Meridian Spends $20 Mil on OC Medical Office Building
10/25/19
Meridian has acquired a two-story, 53.5k sf medical office building in Santa Ana for $20.35 mil ($380/sf). The company plans to invest an additional $5 mil in improvements to the building, situated on a 4.8-acre parcel at 360...
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• Owner/User Pays $8 Mil for Newport Beach Office Building
10/24/19
A three-story, 21.7k sf office building in Newport Beach was purchased for $8.07 mil ($372/sf) by a local orthopedic and pain management practice. The buyer, Regenerative Institute of Newport Beach, plans to renovate and occu...
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• Drawbridge Realty Acquires 169k sf of Aliso Viejo Office Space
10/18/19
Drawbridge Realty has purchased two corporate headquarters office buildings in Aliso Viejo. The Class A buildings, known as 4 and 5 Polaris, serve as the corporate headquarters for Quest Software and UST Global, respectively....
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• OC Office Asset Trades at $282/sf
10/18/19
A three-story, 50.4k sf multi-tenant office building in downtown Anaheim sold for $14.2 mil, which works out to $282/sf. The asset is fully leased to nine tenants including MemorialCare, Guggenheim Partners, Arbor E&T (ResCar...
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• Crowne Pointe Equity Picks Up OC Office Asset for $17 Mil
10/17/19
Crowne Pointe Equity acquired a 45.2k sf office building in Brea for $17 mil, or $376/sf. The two-story, newly renovated office property is located at 130 S. State College Blvd in North Orange County.
The campus features on...
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• GF Capital Buys Irvine Office Building from Swinerton Builders
10/16/19
GF Capital purchased a 20.7k sf office building in Irvine for $6 mil, or $290/sf. The property, located at 17731 Mitchell North, was sold by Swinerton Builders.
17731 Mitchell North was developed in 1983 and renovated in 201...
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• Mitchell Company Closes $29 Mil OC Industrial Buy
10/15/19
In a recent OC industrial buy, Mitchell Company paid $28.9 mil for a fully occupied, single-tenant light industrial/R&D building in Tustin. The 117.8k sf ($245/sf) facility, located at 2441 Michelle Dr, is leased to Canon Med...
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• Class A Office Asset in South Orange County Trades for Over $500/sf
10/15/19
One Enterprise, a Class A, 111.4k sf office building, has sold in a $59 mil ($530/sf) transaction. The four-story property is situated on 7.27 acres at 1 Enterprise in Aliso Viejo, a master-planned city located in south Orang...
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• Excelsior Partners Acquires 50k sf OC Creative Office Asset
10/04/19
In a recent OC office buy, Excelsior Partners paid $16.8 mil for Create Tustin, a 50.8k sf ($331/sf), creative office building in Tustin. The building, located at 2642 Michelle Dr, is fully leased to three tenants – Avid Bios...
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