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June 18, 2024
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ORANGE COUNTY NEWS
Archive
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• Meridian Nabs 110k sf Office Asset in Irvine
9/09/20
Meridian has purchased a 110.4k sf, four-story Class A office building in Irvine. The asset was acquired in a joint venture with Harrison Street. The price was not disclosed. The joint venture plans to invest additional cap...
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• Former OC Econo-Lube ‘N’ Tune Property Sells for Over $500/sf
9/08/20
A 3k sf automotive repair and former Econo-Lube N’ Tune property in Lake Forest sold for $1.61 mil ($537/sf). The property is located at 20592 Lake Forest Dr, just south of the 241 Toll Road. The property had been vacated b...
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• Excel Packaging’s HQ Becomes First OC WELL-Certified™ Space
9/03/20
The first WELL-Certified™ space in Orange County – Excel Packaging’s headquarters located at 9313 Research Dr in Irvine – has been completed. H. Hendy Associates led the WELL certification for the 7k sf office space, which ea...
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• OC Res Property Goes for $184k/Unit
9/02/20
The Standard Apartments, a 24-unit community in Santa Ana, traded hands for $4.425 mil ($184k/unit) in a recent transaction with multiple offers. Built in 1958, The Standard Apartments sits on a 15.9k sf site at 931 and 935 ...
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• Chicago School of Professional Psychology Takes 23k sf Full Floor Office Space in Anaheim
8/31/20
The Chicago School of Professional Psychology signed a lease for the entire 22.8k sf, 12th floor at Stadium Tower in Anaheim. Terms of the deal were not given out. Stadium Tower is a Class A, high-rise office building locate...
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• Fullerton Industrial Facility Comps at $207/sf
8/27/20
A 48.2k sf industrial building in Fullerton sold for $10 mil, or $207/sf. The buyer will be occupying the property, located at 1450 Manhattan Ave, for its business, Omni Metal Finishing. 1450 Manhattan Avenue is ideally loca...
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• Newmark Knight Frank Awarded Leasing Assignment for 2.2 msf OC Retail Portfolio
8/25/20
ValueRock has awarded the leasing assignment for five Orange County retail properties totaling approximately 2.2 msf to Newmark Knight Frank. The portfolio is comprised of The Commons at Aliso Viejo, Moulton Plaza, Lake Fores...
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• Huntington Beach Apartment Building Sells for $270k/Unit
8/18/20
A four-unit apartment property in Huntington Beach sold for $1.48 mil, or $270k/unit, and a closing cap rate of 2.94%. The property is located at 7601 Amazon Dr, south of Edinger Dr and west of Beach Blvd, just off the 405 Fw...
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• Toda America Completes $26 Mil OC Office Buy
8/17/20
Toda America Inc purchased a 68.4k sf office building in Irvine for $26.2 mil, or $383/sf, in a deal that closed at a 5.6% cap rate. Toda America is a wholly owned subsidiary of Toda Corporation of Japan. Located at 111 Paci...
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• James Malone, Michael Freiberg and Xavier Nolasco Join JLL
8/14/20
James Malone and Michael Freiberg have joined JLL as Executive Vice Presidents in Los Angeles, while Xavier Nolasco has also joined the firm as Vice President in Orange County. Malone will be based in Downtown Los Angeles, ...
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• Architectural Services Firm AO Acquires Sunnyvale-Based WHL Architects
8/12/20
Architectural services firm AO has launched a new design studio, AO Science + Technology, following its acquisition of WHL Architects, a Sunnyvale-based science and technology design firm founded in 1987 by Douglas White, AIA...
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• Holliday Rock Company Buys 45k sf Industrial Site in Irvine
8/06/20
Holliday Rock Company paid $4.4 mil for a 44.9k sf industrial site in Irvine. The property, located at 16221 Construction Circle E, was sold by Chandlers Corp, who is shifting their business model during this period of unknow...
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• Dollar Tree Opens Store in Former Pier 1 Imports Space in San Clemente
7/30/20
Dollar Tree inked a 10-year lease for 10.5k sf of space in San Clemente. The discount variety store chain will be taking over the former Pier 1 Imports store space at 415 E Avenida Pico, within Pico Pavillion retail center. ...
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• Sovereign Lending Group Buys Costa Mesa Office Property
7/28/20
Sovereign Lending Group Inc paid $5.1 mil for a 23.1k sf ($221/sf) office building in Costa Mesa. The property, located at 3545 Howard Way, west of Harbor Blvd on the north side of I-405, was sold by Davies-Torrance Trust. T...
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• Ria Takes an Additional 60k sf of OC Office Space
7/27/20
Ria, one of the largest international money transferring services, has agreed to an expansion lease in Orange County for an additional 60.1k sf of office space, boosting its current occupancy at Village Business Park in Buena...
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• MaxCare Products Takes 58k sf of Distribution Space in Santa Ana
7/21/20
MaxCare Products leased 58.8k sf of industrial space in Santa Ana. MaxCare will utilize the space for manufacturing and distribution of its masks, Personal Protective Equipment (PPE) and other medical supplies. The space is ...
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• OC Industrial Market Remains Steady Despite Economic Headwinds
7/17/20
Here’s a quick second quarter 2020 ending overview of Orange County’s industrial market, provided to us by CBRE Vacancy Rate: 2.2% Net Absorption: (616,861) SF Construction: 870,595 SF Lease Rate: $1.03 NNN ...
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• VCA Animal Hospital in Orange County Sells for $9.2 Mil
7/15/20
A SoCal-based private investor paid $9.182 mil for a single-tenant, 23.8k sf ($386/sf) property occupied by VCA Animal Hospital in the OC city of Fountain Valley. VCA recently extended its lease for an additional 10 years and...
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• Anaheim Res Property Trades at $300k/Unit
6/25/20
Magnolia Court, a 21-unit multifamily property in Anaheim, was purchased by a private investor for $6.3 mil, or $300k per unit. Constructed in 1987, the property is located at 527-537 N. Magnolia, within three miles of three ...
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• OC Medical Office Property Fetches Over $700/sf
6/23/20
A local investor paid $8.4 mil for an 11.5k sf ($730/sf) medical office building in Tustin. The infill property, located at 721 W. 1st St, was sold by CREST Properties LLC. The building is completely leased by DaVita Health...
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