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• Office Property Sells for $18 Mil in Owner-User Deal
7/01/24
Hampton Tedder Electric purchased a 98.9k sf, Class A office building in the city of Orange for $17.9 mil ($181/sf). The buyer plans to occupy the 15.7k sf top floor at the building, located at 999 Town & Country.
The four-s...
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• AO Wins Multiple Awards at PCBC Gold Nuggets Ceremony
6/21/24
Architecture firm AO was a multiple-award winner at the recent PCBC Gold Nugget Awards ceremony, held at The Westin Resort in Anaheim.
The Gold Nugget Awards, which debuted in 1963, is the oldest and most prestigious desig...
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• Commercial Real Estate Financing Briefs
6/20/24
MARCUS & MILLICHAP CAPITAL CORPORATION -- Michael Derk and Paul Bitonti with Marcus & Millichap Capital Corporation arranged a $12.5 mil refi loan on a medical office building located in La Paz Plaza in Mission Viejo. La Paz ...
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• New 315-Unit Res Development in Anaheim Starts Preleasing
6/19/24
Preleasing is underway at Zia, a five-story, wrap-style apartment community located in central Orange County. Offering upscale living with easy access to downtown Anaheim, Interstate 5, and Disneyland, Zia will comprise 315 a...
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• NewMark Merrill Companies Lands Management Assignment for 294k sf South OC Retail Center
6/13/24
Horowitz Group has awarded NewMark Merrill Companies the property management assignment for Plaza de la Paz, a 294.6k sf retail destination in Laguna Niguel. The center is located at 27241 La Paz Rd, at Pacific Park Drive.
A...
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• Landsea Homes Corp Acquires Huntington Beach Site for 129 New Homes
6/13/24
Landsea Homes Corporation purchased 129 homesites for a new all-electric community called Essex + Gage in Huntington Beach, CA. Land development has already begun, and the community will open for sale in spring 2025.
Situat...
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• Huntington Beach Multifamily Property Trades for the First Time in Over 50 Years
6/12/24
Beachwood Apartments, an 18-unit multifamily community in Huntington Beach, was purchased by a private investor for $8.65 mil, or $480.5k/unit. Built in 1971, Beachwood Apartments sits on six lots totaling 17.6k sf at 125 16t...
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• Building Block Foundation Fund to Hold Annual White Party Charity Fundraiser on August 21, 2024 at Newport Dunes in Newport Beach
6/07/24
One of the best commercial real estate events in Southern California, the Building Block Foundation Fund White Party Charity Fundraiser, will be held on August 21, 2024 at the beautiful Newport Dunes in Newport Beach.
Each y...
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• Adjacent Res Fourplexes in Huntington Beach Generate Combined Price of $5.4 Mil
6/06/24
A private investor purchased two four-unit multifamily properties in Huntington Beach for a combined price of $5.425 mil. The seller is based in Huntington Beach, while the buyer is from Westminster.
This was the first time ...
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• Landsea Homes Corporation Picks Up OC Sites for New Res Community
6/04/24
Landsea Homes Corporation has acquired 44 OC homesites for a new community called Mason in Anaheim. Land development has already begun, and sales are anticipated to start later this year.
Situated on the corner of Lincoln ...
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• South OC Office Asset Traded in $42 Mil Deal
5/31/24
MicroVention, a neuroendovascular medical device company, has acquired 45 Enterprise, a 242.7k sf, high-rise office building in Aliso Viejo, for $42.25 mil, or $183/sf.
45 Enterprise is a nine-story vacant building built in...
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• Advanced Real Estate Adds 68-Unit OC Res Community to Its X Fund
5/30/24
Advanced Real Estate has acquired Beachpoint, a 68-unit multifamily asset in Huntington Beach, in a recent $25 mil purchase. The property, which includes a 12k sf multi-tenant office building, will be added to Advanced’s X Fu...
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• Rexford Industrial Spends $143 Mil on Two SoCal Buys in May
5/30/24
Rexford Industrial Realty closed on two industrial property purchases in deals with a combined price of $143 mil during the month of May. The SoCal-based firm also completed the disposition of three properties for an aggregat...
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• Orange County Community Housing Corporation Receives $1 Mil Grant from Citi Foundation
5/24/24
Orange County Community Housing Corporation (OCCHC/SteppingUP) has received a $1 mil grant from Citi Foundation as part of the fourth cohort of the Community Progress Makers initiative. OCCHC/SteppingUP will use the grant to ...
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• Two Multifamily Sales in San Clemente Generate $5.5 Mil
5/22/24
We’ve got news of two six-unit multifamily properties in San Clemente that were purchased by individual private investors in separate deals totaling $5.545 mil. CBRE’s Dan Blackwell, Mike O’Neill and Amanda Fielder represente...
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• Laguna Beach Apartment Property Sells for $841k/Unit
5/15/24
A seven-unit multifamily property in downtown Laguna Beach was purchased by a private investor for $5.89 mil. The deal works out to a price of $1,275 per square foot and $841.4k per unit, making it one of the highest prices p...
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• Chicago Title Introduces New National Self-Storage Group
5/14/24
Chicago Title National Commercial Services California has launched the Chicago Title National Self-Storage Group. The new entity will be led by seasoned self-storage finance veteran, Chuck Mills as Vice President, National Sa...
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• Unique Irvine Investment/Development Site Put on the Market
5/10/24
We’ve just learned of a 3.73-acre office/data center mixed-use property in Irvine that has been put on the market. The property, located at 2525 Main St, is currently improved with 104.4k sf of office space, 38.9k sf of data ...
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• The Alison Company Celebrates 90 Years in Commercial Mortgage Banking
5/09/24
The Alison Company is celebrating its nine-decade history as one of the region’s leading commercial mortgage banking firms. Founded in 1934, the Alison Company has been a mainstay in the region for the commercial real estate ...
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• Investors Snap up Costa Mesa Apartment Properties
5/08/24
We’ve got three recent multifamily property comps from Costa Mesa to share with you. The transactions totaled 13 units with a combined price of $7.42 mil.
In one deal, a six-unit property at 2666 Orange Ave sold for $3.235 m...
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