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Space Investment Partners Spends $18.4 Mil on OC Retail Center 9/26/19 Space Investment Partners has purchased Westport Plaza & Square, a 39k sf, leasehold retail center in Costa Mesa, for $18.4 mil ($472/sf). The asset is located at 369 E. 17th St, in the heart of the city’s E. 17th Street reta...
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Investor Nabs 122k sf Portion of OC Regional Retail Center 9/17/19 A private investment entity purchased a 121.9k sf portion of Foothill Ranch Towne Center, a 1 msf master-planned regional retail center anchored by Walmart and Target in Lake Forest. The center, located at 36532 Towne Center ...
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Draftsmen & Craftsmen 9/13/19 A landmark, single-user building in Newport Beach’s Marina Lido Village has been completely redesigned for its occupant, business software company SAP, who will use the new space for its Southern California-based Innovation C...
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Stanton Road Capital Buys OC Office Tower 9/11/19 TriCentre, a 211.9k sf, office tower in the city of Orange, was acquired by Stanton Road Capital, a Los Angeles-based investment management firm. The price was not disclosed, although we’ve heard investor estimates of around ...
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Prologis Buys OC Retail Building on 12 Acres 9/10/19 Prologis purchased a 144k sf retail building in Anaheim. The building, which sits on a 12-acre lot, is occupied by Fry’s Electronics. The price was not disclosed.
Located at 3370 E. La Palma Ave, the property has been since ...
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LaSalle Investment Management Buys OC Medical Office Property 9/05/19 Newport Heights Medical Center (NHMC), a 60k sf medical office property in Newport Beach, was purchased by LaSalle Investment Management. Built in 2017, NHMC consists of two Class A buildings that are 100% occupied. The pric...
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OC Medical Office Asset Trades for $273k sf 9/04/19 Santa Ana - Tustin Medical Pavilion, a 17.6k sf medical office building in Tustin, sold for $4.8 mil ($273/sf). The building, located 17400 Irvine Blvd, traded without any concessions or repairs.
Santa Ana - Tustin Medical ...
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New 400-Bed Student Housing Project Completed at Chapman University 8/27/19 Construction has been completed on The K, a 401-bed, 123.6k sf student housing project for Chapman University in the city of Orange. The development was bult by R.D. Olson Construction.
Designed to reflect the historic charm...
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OC Multifamily PropertyAcquired in Exchange Buy for $331k/Unit 8/26/19 Myrtle Avenue Apartment Homes, a 16-unit multifamily property in Tustin, sold for $5.3 mil, or $331k/unit. Located at 15981 S. Myrtle Ave, the 17.7k sf property consists of nine two-bedroom/two-baths, two two-bedroom/two-bat...
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2019 Senior Rental Housing Community in Westminster Trades for $71 Mil 8/21/19 HW Senior Living Apartments, a 310-unit independent living community in Westminster, CA, traded hands in a recent $71 mil ($229k/unit) transaction. The asset, located at 13920 Hoover St, was purchased by an experienced senior...
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OC Jack in the Box Trades for Record $1,374/sf 8/15/19 A 2.8k sf, single-tenant retail property fully occupied by Jack in the Box in Mission Viejo has sold for $3.79 mil, which works out to $1,374/sf, the highest price per square foot for a Jack in the Box-occupied asset in South...
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Two Apartment Buildings in Laguna Beach Fetch $6.6 Mil 8/13/19 Two apartment buildings in Laguna Beach were purchased by separate investors in deals totaling $6.62 mil. The properties have a combined 13 units.
The first property, located on a corner lot at 460 Cypress Dr, features nine ...
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Drawbridge Realty Spends $97 Mil on OC Office Campus 8/12/19 Drawbridge Realty has purchased Pacific Center, a 390.6k sf, two-building corporate office campus in Santa Ana, for $97.5 mil ($250/sf).
Located at 1600-1610 East Saint Andrew Place, west of the 55 Fwy and south of Edinger A...
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Freestanding Retail Building in Anaheim Goes for S127/sf 8/09/19 A 15k sf, freestanding retail building in Anaheim was purchased by a private investor for $1.9 mil, or $127/sf.
Built in 1961, the property sits on a 27.9k sf lot at 1672 W Lincoln Ave, within the North Orange County submark...
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Landmark Capital Advisors Recapitalized and Rebranded as Landmark Real Estate 8/08/19 Newport Beach-based Landmark Real Estate has recapitalized and rebranded the company, formerly known as Landmark Capital Advisors. The recapitalization includes a majority investment from Kraemer Land Company, a multi-generat...
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Optima Tax Relief Signs Renewal/Extension Lease in Santa Ana 7/26/19 Optima Tax Relief has agreed to a long-term lease renewal and expansion at Elevate@Harbor, an eight-acre office campus in the South Coast Metro submarket of Santa Ana. Optima, a tenant since 2012, will take an additional 2k s...
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Los Angeles and Orange County Rank as Two of the Top Markets for U.S. Net-Lease Investment in 2018 7/24/19 This report was provided by global real estate services firm CBRE
Los Angeles ranked 4th and Orange County ranked 13th among the top 20 markets in U.S. net-lease investment in 2018, according to a recent report from CBRE. I...
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SoCal Industrial Complex Trades in $128 Mil Transaction 7/22/19 Alere, a pension fund advisor, purchased Los Alamitos Corporate Center, a 686.6k sf industrial complex in Los Alamitos, from Northwestern Mutual for $128.5 mil.
Located at 4332-4478 Cerritos Ave, 10541-10681 Calle Lee and 4...
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Buyer Spends $5.5 Mil on Los Alamitos Medical Office Building 7/22/19 A 7.3k sf medical office building in Los Alamitos sold for $5.5 mil, or $759/sf. The three-story, medical office building is located at 10921 Cherry St, across the street from Los Alamitos Medical Center in a prime area for h...
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Multi-Tenant Retail Building in Huntington Beach Goes for Near $500/sf 7/19/19 An 8.6k sf, multi-tenant retail building shadow-anchored by Sprouts Farmers Market in Huntington Beach sold for $4.1 mil, or $477/sf. The deal came in at a cap rate of 4.94%.
Located at 6946-6968 Warner Ave, at the signalize...
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