| Hyundai Dealership Group Leases Three-Acre Site in Costa Mesa
A group of local Hyundai dealerships inked a five-year lease agreement for a 3.11-acre industrial site in Costa Mesa. The property, located at 3539 Howard Way, includes a 12.6k sf foot truck and automotive maintenance facilit...
| La Habra Strip Center Gets New Owner
The Row on Harbor, a 23.3k sf, newly renovated retail strip center in La Habra, was acquired by a 1031, all-cash buyer. The property was sold by DMI Real Estate Group.
Located at 1450-1478 S. Harbor Blvd, The Row on Harbor c...
| Irvine Res Property Lands $31.6 Mil Refi
Advanced Real Estate completed a $31.6 mil internal refinance of the Axis 2300 Apartments in Irvine. The 115-unit multifamily property is located at 2300 Dupont Dr, southwest of the 405 Fwy off Von Karman Ave.
Alex Kane, Joe...
| La Habra Strip Center Purchased by All-Cash Exchange Investor
The Row on Harbor, a 23.3k sf, newly renovated retail strip center located within Orange County in La Habra, was acquired by a 1031, all-cash buyer. The price was not disclosed.
Renovated in 2020, The Row on Harbor is 100%-l...
| Chapman University Team Wins NAIOP SoCal Orange County Real Estate Challenge
NAIOP SoCal Orange County just held its second annual Real Estate Challenge featuring graduate student teams from the Chapman University Argyros School of Business & Economics and the University of California, Irvine Paul Mer...
| Sunland Nutrition Purchases 41k sf Aliso Viejo Industrial Building in Owner/User Deal
Sunland Nutrition acquired a 40.8k sf industrial building in Aliso Viejo for $14.07 mil ($345/sf). Sunland will use the building, located at 81-91 Columbia, for its headquarters and warehouse.
81-91 Columbia is located in an...
| Watermarke Properties Spends $22.5 Mil on OC Office Building
Watermarke Properties has purchased City Centre I, a 6.8-acre, multifamily redevelopment project in the City of Orange, for $22.5 mil. The asset is located at 625 The City Drive South, west of I-5 and adjacent to the south si...
| NewMark Merrill Companies’ San Diego Office Celebrates 20 Years
Next month, Calabasas-based NewMark Merrill Companies celebrates the firm’s 20-year anniversary of when the company first opened its San Diego Division office to oversee the San Diego, Riverside and Orange County regions. In ...
| Irvine Flex/Office Building Sells for $11.8 Mil
A two-story, 41.6k sf flex-office building in Irvine sold for $11.87 mil ($285/sf). The building, located at 8 Hughes, was sold by Stivers Investment Company.
Built in 2000, the building is situated on 2.39 acres of land wit...
| Champion Real Estate Company Secures $40 Mil Refi on OC Student Housing Property
Champion Real Estate Company has refinanced University Village Fullerton, a 121 unit/427-bed student housing property in Fullerton, with a new loan for $40.5 mil. The property is located at 2000 Oxford Ave, just north of Yorb...
| Commercial Real Estate Financing Briefs
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL -- Tom Turnage and Joe Galosic, Jr with Bellwether Enterprise originated a $58 mil loan to finance a luxury apartment community in Santa Barbara County. The property is a best-in-clas...
| George Urban Advisors, Five Horizons Partners and DRA Advisors Pick Up 851k sf SoCal Industrial Portfolio
George Urban Advisors, in partnership with Five Horizons Partners and DRA Advisors, has acquired a portfolio of seven industrial properties in Orange County and Los Angeles County. The properties encompass 851.1k sf of space ...
| Draftsmen & Craftsmen
Hendy has wrapped up work on a total interior renovation of the Pacific Life corporate headquarters building in Newport Beach. The 465k sf facility is located at 700 Newport Dr.
Dubbed by employees as, ‘Workplace Transformat...
| Newport Beach Apartment Property Goes for $720k/Unit
A five-unit multifamily complex in Newport Beach traded in a $3.6 mil deal, which works out to $720k per unit. Constructed in the 1970s, the property is located at 800-808 Amigos Way, just west of Jamboree Rd.
The complex is...
| Sunrise Management Awarded Management Assignment for Two SoCal Multifamily Communities
Providence Capital Group has awarded the day-to-day management assignment for two SoCal res communities to San Diego-based Sunrise Management. The properties are Arte West, a 228-unit, four-story luxury community in Santa Ana...
| Barker Pacific Group and Kingsbarn Realty Capital Pay $82 Mil for 560k sf OC Office Complex
A joint venture between Barker Pacific Group and Kingsbarn Realty Capital acquired Griffin Towers, a 560k sf, office park featuring twin 13-story office buildings in Santa Ana, in an $82 mil transaction. The property was sol...
| New 300-Unit Anaheim Res Community Now Under Construction
Construction is underway at Zia, a five-story wrap-style apartment community located in Anaheim. The project is a development of MBK Rental Living, in a joint venture with Haseko Corporation.
Offering upscale living with eas...
| OC Office Building Trades in $43 Mil Deal
A 113.9k sf office building in Irvine traded hands in a recent $43.5 mil ($382/sf) transaction. The building, located at 16355 Laguna Canyon Rd, received multiple offers.
The three-story building sits on 6.61 acres at the so...
| 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...