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• Stos Partners Buys San Clemente Restaurant Property and Leases It During Escrow to The Alchemists
8/13/21
In a recent OC retail buy, Stos Partners purchased a 4.1k sf retail/restaurant asset in San Clemente in a $1.9 mil ($463/sf) off-market transaction. The property is located at 425 N. El Camino Real, on the west side of I-5 at...
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• Single-Tenant Michaels Store in South OC Sells for $194/sf
8/12/21
A 25k sf, single-tenant net-leased property occupied by Michaels in South Orange County sold for $4.85 mil ($194/sf). The building, shadow-anchored by Target, is located within the Foothill Ranch Towne Centre in Foothill Ranc...
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• Alere Property Group Buys 35k sf Irvine Warehouse Property
8/05/21
Alere Property Group has acquired a 35.5k sf, Class A industrial warehouse within the Irvine Spectrum submarket of Irvine. The price was not disclosed.
The divisible building, located at 8710-8750 Research Dr, features 26-fo...
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• Opal Holdings Buys 435k sf Trophy OC Office Tower
7/29/21
Opal Holdings, a New York-based real estate investment firm, has acquired City Tower, a LEED Gold certified, trophy office tower totaling 435.2k sf in the City of Orange. It was sold by Pacific Oak Capital Advisors.
Although...
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• Private Investors Trade Irvine Office Building in $10.8 Mil Deal
7/27/21
A one-story, 24k sf office property in Irvine was purchased by a private investor for $10.8 mil ($450/sf).
The property is located at 2300 Michelson Dr, at the highly visible corner with Von Karman in the Greater Airport Ar...
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• Huntington Beach Apartment Building Sells for Record $550k per Unit
7/26/21
A nine-unit multifamily property in Huntington Beach was purchased by a private investor for $4.95 mil, which works out to $550k per unit, in a deal we’ve been told marks the highest price per unit paid for a multifamily asse...
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• Pendulum Property Partners Forms Alliance with Banner Oak Capital Partners
7/23/21
Pendulum Property Partners (Pendulum) is celebrating its fifth year anniversary this July by establishing operations in Los Angeles and San Francisco and adding to its existing presence in Orange County and San Diego.
The fi...
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• Huntington Beach Industrial Facility Purchased for over $300/sf
7/16/21
A 12k sf industrial facility in Huntington Beach traded hands in a $3.65 mil ($304/sf), off-market deal. The asset is 100% NNN-leased to collision repair operator Service King, a national credit tenant.
Situated on 0.57 acre...
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• Two SoCal Retail Centers Hit the Market
7/09/21
We’ve learned of two unique SoCal lifestyle and entertainment centers that have hit the market. One of the properties, Plaza Mexico, is located in the City of Lynwood, while the other, The Source, is located in Buena Park. Bo...
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• OC Shopping Center Lands $17.5 Mil Refi
7/08/21
Tustin Heights Shopping Center, a 137.3k sf, shopping center anchored by Trader Joe’s in the OC city of Tustin, has been refinanced with a new loan for $17.55 mil. The center is owned by Kimco Realty Corp and an institutional...
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• OC Mixed-Use Logistics Asset Sells
7/08/21
A fund sponsored by CBRE Global Investors has acquired Irvine Crossing, a 395.7k sf, mixed-use logistics asset in Orange County. The property is a fully leased property that is comprised of a powered shell data center and a l...
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• Oadeer Home and EXPO Convention Contractors Take 93k sf of OC Industrial Space
7/01/21
Oadeer Home and EXPO Convention Contractors leased 93.4k sf of industrial space at a newly built industrial center in the north OC city of Placentia. The new Class A, free-standing project located at 718 and 719 Lakeview Loop...
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• Costa Mesa Retail Property Purchased for $4.2 Mil by Emerald Property Group
6/21/21
Paularino Plaza, a 9.6k sf retail center in Costa Mesa, has sold for the first time in the more than 50 years since it was built. The asset was acquired by Emerald Property Group for $4.2 mil ($437/sf) in an off-market transa...
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• Investor Exchanges into $13.7 Mil OC Res Buy
6/21/21
Islandia Apartments, a 46-unit apartment building in Westminster, was purchased for $13.7 mil ($298k/unit) by a private family partnership as part of a 1031 exchange.
The property, located at 7152 Fenway Dr, features five s...
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• Healthcare Realty Pays $24.6 Mil for OC Medical Office Building
6/16/21
Healthcare Realty closed on the $24.6 mil purchase of Saddleback Professional Center, a 73k sf ($337/sf), medical office building in Laguna Hills. The property, located at 24012 Calle De La Plata, was sold by Miramar Capital....
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• OC Industrial Comp Works Out to $236/sf
6/14/21
In a recent OC industrial buy, Elk River Capital, based out of Steamboat Springs, CO, paid $11.7 mil for a 49.5k sf ($236/sf), freestanding industrial building on 2.87 acres of land in Santa Ana. The property, located at 2249...
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• Space Investment Partners Begins Redevelopment of Costa Mesa Retail/Office Property
6/11/21
Space Investment Partners has begun a major, multi-million-dollar redevelopment of, a 59k sf, mixed-use retail and office property located at 2651-2675 Irvine Ave in Costa Mesa. The firm acquired the property in 2019.
The ...
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• Net-Lease Investment Activity Close to Pre-Pandemic Levels
6/10/21
This report was provided by CBRE
Investment in U.S. net-lease properties was close to pre-pandemic levels in Q1 2021, driven by robust institutional acquisition activity, increased interest in office assets as return-to-the-...
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• Crown Associates Realty Buys 122k sf of Industrial Space in Huntington Beach
6/09/21
Crown Associates Realty, out of Beverly Hills, recently purchased two fully leased industrial buildings totaling 122.3k sf in Huntington Beach. The price was not given out.
One of the properties is a 60.9k sf building situat...
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• Western Realco and RREEF Purchase 222k sf of OC Office Buildings for Land Value
6/08/21
A joint venture of Western Realco and RREEF purchased four office buildings totaling 222k sf on approximately 13 acres in Lake Forest. The properties were acquired on a land basis with the intent to redevelop them into new hi...
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