| See the Speaker Panels from March 16 OC CRE Conference
Below are pics of the Office, industrial, retail, multifamily and finance panels from RENTV's 2023 Orange County State of the Market Conference, held March 16 at Irvine Company's Venue event facility in Irvine.
Venue is part...
| Ground Lease for South OC Retail Center Trades in $14 Mil Buy
The ground lease for Lake Forest Marketplace, a 111.2k sf, multi-tenant retail property in Lake Forest, has sold in a $14.2 mil transaction. The asset, located at 23771 to 23841 El Toro Rd, was purchased by an OC-based privat...
| The Goddard School Signs Ground Lease for 1.44 Acres at South Coast Orange County Community College
PJRJPA Venture LLC inked a 75-year ground lease for 1.44 acres at South Orange County Community College District ATEP campus in Tustin for use as Goddard School. The transaction was valued at $27.3 mil.
The primary period o...
| Exchange Investor Struck $13.5 Mil Deal for OC Biz Park
Struck Business Park, a 42.8k sf, two-building industrial project in the City of Orange, was acquired by an all-cash buyer in a 1031 Tax Deferred Exchange for $13.5 mil ($315/sf). The property is comprised of 16 industrial un...
| Commercial Real Estate Financing Briefs
CBRE CAPITAL MARKETS -- Mark McGovern, Colby Matzke, Brian Cruz, Scott Lewis, Matt Ballard and Gaby Llanes with CBRE arranged a $19.1 mil, fixed-rate acquisition loan for 451 South Western Blvd in Denton, TX, which includes t...
| City of Santa Ana Spends $10.5 Mil on 2.5-Acre Industrial Property
The City of Santa Ana acquired a 2.49-acre industrial outdoor storage parcel with a 3.9k sf single-story building in Santa Ana for $10.5 mil. The property is located at 4404 W. 1st St, just west of Harbor Blvd.
The property ...
| $16.8 Mil Sandi Simon Center for Dance Completed at Chapman University
Chapman University has completed construction of its Sandi Simon Center for Dance, a project that involved the adaptive reuse of an historic Villa Park Orchards (VPO) packing house originally built in 1918. The work was done ...
| Costa Mesa Industrial Sales Comp Works out to $315/sf
In a recent industrial sales comp, a 19.3k sf facility in Costa Mesa traded for $6.08 mil ($315/sf). The freestanding industrial / flex building totaling is located at 3587-3589 Harbor Blvd, just south of MacArthur Blvd.
| Hear and Network with OC CRE Pros on March 16 at Annual Conference
Sign up now to watch high-powered panels discuss the office, industrial, retail, multifamily and finance markets at this year's Orange County State of the Market Conference at Irvine Company's Venue event facility at its new ...
| Premier Workspaces to Reposition and Manage 30k sf Space in Aliso Viejo
Premier Workspaces has been selected by Rockhill Management to reposition and manage coworking operations at “The Heights” in Aliso Viejo. This modern, 30k sf space was formerly operated by TechSpace and most recently Industr...
| Greenlaw Partners Pays $58 Mil for Two Anaheim Industrial Facilities
Greenlaw Partners acquired a portfolio of two last-mile warehouse and distribution facilities totaling 198.8k sf in Anaheim for $58 mil ($292/sf). Completed in 1977 and 1978, the adjacent properties are located at 1701-1771 S...
| Commercial Real Estate Financing Briefs
JLL CAPITAL MARKETS -- Matt Stewart and Analyst Chris Jaffe with JLL Capital Markets have arranged $69.1 mil in post-close acquisition financing for Walnut Business Park, a 33-building, 334.8k sf light industrial portfolio ow...
| Fountain Valley Biz Campus Trades for $16.5 Mil
Manhattan West Real Estate has acquired Talbert-Mount Washington Industrial Park, a two-building multi-tenant industrial asset totaling 59.8k sf in Fountain Valley, for $16.5 mil ($276/sf). The property, situated on 2.9 acres...
| OC Biz Campus Trades for $315/sf
A private investor paid $13.5 mil for Struck Business Park, a 42.8k sf ($315/sf), two-building industrial park located at 1523 and 1547 West Struck Ave in the City of Orange.
Built in 1976, Struck Business Park is located i...
| Don’t Miss RENTV’s 2023 O.C. State of the Market Conference on March 16!
Annual CRE event to be held at the Irvine Company's Venue event facility at its new Spectrum Terrace office complex in Irvine
| BLT Enterprises Wraps Up Creative Renovation of Single-Tenant Facility in Irvine
BLT Enterprises has completed $3.3 mil in creative renovations to a 40.6k sf, single-tenant industrial building in Irvine. The strategic improvement program was implemented to meet the specific needs of the building’s tenant,...
| OC Office Market Sees Cautious Optimism
This update provided by real estate services firm JLL
• Negative net absorption continued to accelerate across all submarket clusters except the Airport Area
• Sublease availability kept increasing as a few tech tenants star...
| Rexford Industrial Realty Spends $484/sf on OC Creative Office Structure
Rexford Industrial Realty purchased an 82.6k sf creative office building in Irvine for $40 mil ($484/sf). The property is fully leased to Fox Head Inc, which was recently acquired by Vista Outdoor, the parent company of over ...
| OC Industrial Trade Comps at $333/sf
In a recent OC industrial comp, an 18.6k sf, freestanding building in Garden Grove traded hands in a $6.2 mil ($333/sf) transaction. The property is located at 7071-7081 Patterson Dr, south fo Katella Ave and just east of Kno...
| Third Phase of 1.1 msf Spectrum Terrace in Irvine Completed
The Irvine Company has completed work on the third and final phase of Spectrum Terrace, a 1.1 msf office campus within the Irvine Spectrum. Located at the confluence of I-405 and Hwy 133 in Irvine, the state-of-the-market dev...