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• Dayani Partners Invests $25.4 Mil in OC Office Buy
1/31/20
Dayani Partners has purchased Von Karman Tech Center, a 101.2k sf, multi-tenant office building in Irvine. The property was sold by KBS Growth & Income REIT Inc for $25.4 mil ($251/sf) in an off-market transaction.
Von Karma...
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• Newport Beach Investor Buys 11k sf OC Office Property
1/28/20
An 11.3k sf, garden-style office property in Costa Mesa sold for $3.575 mil, or $316/sf. The new ownership is looking to redevelop the property as a mixed-use project.
The building sits on .73 acres of land at 777 to 779 W. ...
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• PacSun HQ Building in Anaheim Gets New Owner
1/23/20
A 180k sf, single-tenant office building in Anaheim fully occupied by Pacific Sunwear of California LLC (PacSun) sold for $44 mil, or $244/sf. The property, located at 3450 East Miraloma Ave, was sold by PacSun, who uses the ...
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• Financial Partners Credit Union Purchases 51k sf Costa Mesa Office Building
1/16/20
Scenic Business Park, a 51.2k sf office building in Costa Mesa, was purchased by Financial Partners Credit Union for $13.375 mil ($261/sf). The two-story building, located at 1665 Scenic Ave, was sold by EQ Office and The Bla...
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• Rexford Industrial Realty Closes Out 2019 with a Fountain Valley Purchase and an Oxnard Disposition
1/14/20
In the latest SoCal activity at Rexford Industrial Realty, the firm purchased an industrial property in Fountain Valley for $14 mil and sold a property in Oxnard for $9.6 mil. The acquisition was funded using cash-on-hand and...
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• OC Outback Steakhouse Property Sells for Over $1,000/sf
1/09/20
A private investor paid $6.625 mil for the ground lease of a single-tenant, 6.2k sf property in Orange County fully occupied by Outback Steakhouse. Located on a .54-acre site at 12001 Harbor Blvd, along Restaurant Row near Di...
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• Two SoCal Retail Centers Refinanced in Transactions Totaling $31 Mil
1/09/20
Cantor Commercial Real Estate has refinanced two SoCal neighborhood retail centers with loans totaling $31 mil. Westlake Village Marketplace, in Westlake Village, was refinanced with an $18 mil loan, and Aliso Viejo Plaza, in...
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• Costa Mesa Apartment Community Sells for $473k/Unit
12/18/19
Baker Block, a 240-unit multifamily property in Costa Mesa, has changed hands in a recent transaction worth $113.5 mil, or $473k/unit. The recently completed project was acquired by Baker Block Associates LP in a deal we’re t...
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• Almanac Realty Investors to Provide up to $300 Mil of Capital to CIP Real Estate
12/16/19
CIP Real Estate has entered into an agreement with a fund managed by Almanac Realty Investors LLC to provide up to $300 mil of growth capital to CIP to accelerate its investment strategy of acquiring value-add multi-tenant in...
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• Work Started on Language Arts and Social Science Building at Orange Coast College
12/09/19
Construction is underway on Orange Coast College’s (OCC) new $50 mil Language Arts and Social Science Building. The three-story, 107.8k sf building is part of a larger initiative to modernize the campus and accommodate its ra...
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• Premier Workspaces Opens New Anaheim Hills Location
12/09/19
Irvine-based Premier Workspaces has opened its newest location in Anaheim Hills. Premier took over management of the shared workspace, located at 155 N. Riverview Dr. Premier is one of the largest privately-owned flexible wor...
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• Buena Park Multifamily Comp Closes at $288k/Unit
12/06/19
Knott Townhouses, a four-building, 28-unit multifamily property in Buena Park, was acquired by an investment entity for $8.06 mil, or about $288k/unit. Located at 7051 9th St, the property is a two-story, garden-style complex...
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• Commercial Real Estate Financing Briefs
12/06/19
BERKADIA - Branden McBirney of Berkadia arranged $82 mil in refi money for Silverado Apartment Homes, a garden-style multifamily property in Murrieta. Located at 25100 Vista Murrieta, Silverado Apartment Homes features one-, ...
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• Historic Miramar Theater Property in San Clemente Sells for $7.9 Mil
12/05/19
Fortuitous Partners has acquired the historic Miramar Theatre property in San Clemente, in a recent $7.9 mil transaction. The asset, located at 1700 N El Camino Real, consists of 12.6k sf of improvements on a 26.7k sf site. ...
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• Hampton Inn & Suites Irvine-Orange County Airport Refinanced with $33 Mil Loan
12/05/19
Orange County-based S3 Hotel Group has secured a $33.25 mil refi loan on its Hampton Inn & Suites Irvine-Orange County Airport, a 164-room, limited-service hotel in Irvine. The property is located at 2192 Dupont Dr, less than...
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• OC Biz Park Trades in $21 Mil Deal
11/26/19
Anaheim Hills Business Center, a 154.6k sf, industrial and office business park in Anaheim, was acquired by Hamra Properties for $21.3 mil ($138/sf).
Built in 1988, the five-building campus located at 5100-5150 E. La Palma ...
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• Rexford Industrial Realty Buys Three SoCal Industrial Assets
11/26/19
Rexford Industrial Realty has acquired three SoCal industrial properties in recent deals totaling $56.1 mil. The acquisitions were funded using cash on hand.With these deals, Rexford has now acquired over $850 mil of industri...
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• Boardwalk Investments Group Obtains $110 Mil in Financing for CA Retail Portfolio Acquisition
11/20/19
Boardwalk Investments Group has landed $110 mil in acquisition financing for a 12-property portfolio of primarily Class A-anchored and high street retail property in Newport Beach, Laguna Beach, Yountville and Corona Del Mar,...
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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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