| OC Office Campus Refinanced with $56 Mil Loan
HERE, a five-building, 224k sf office campus in Laguna Hills, has been refinanced with a new $55.9 mil loan that was arranged by CBRE and funded through ARES. The multi-tenant complex, located at 23332, 23382 and 23422 Mill C...
| Onni Group Buys Ocean Plaza in Huntington Beach for $97 Mil
Onni Group, out of Vancouver, Canada, has acquired Ocean Plaza, an 8.6-acre mixed-use office and retail complex in Huntington Beach, for $97.25 mil. It was sold by Decron Properties.
Located at 17011 Beach Blvd, the property...
| Lake Forest Industrial Building Trades in $9.4 Mil Deal
A 33.8k sf industrial building in Lake Forest sold for $9.4 mil, or $278/sf. Built in 1997, the property is located at 25871 Atlantic Ocean Dr, west of the 241 Toll Road off Bake Pkwy.
The concrete tilt-up structure sits on ...
| Pacific Athletic Wear Expands into Larger OC Facility
Pacific Athletic Wear recently inked an 84-month lease for a 76.1k sf industrial building in Garden Gove. The transaction has a total value of $3.2 mil, which works out to an average rate of around $0.50/sf/mo.
The facility ...
| Placentia Multifamily Community Goes for $258k/Unit
A 12-unit multifamily community in Placentia sold for $2.9 mil, or about $258k per unit. Located at 911 Cypress Ave, the 9.2k sf property consists of 12 single-story cottages on a lot just under one-acre in size.
Each unit ...
| Prologis Acquires 265k sf Industrial Asset in Westminster
Prologis has acquired a 10-building, 264.8k sf industrial park in Westminster. The 12-acre property was sold by CMSS Ventures LP.
Developed in the mid to late 1970s, the campus is located at 7100, 7105, 7101-7115, 7125; 713...
| Rakuten Super Logistics Leases 60k sf in Anaheim
Rakuten Super Logistics (RSL) signed a five-year lease for a 60.8k sf industrial building in Anaheim. The building, located at 1365 S. Van Buren St, is part of a newly completed, Class A industrial development, Orange County ...
| Commercial Real Estate Financing Briefs
NORTHMARQ CAPITAL - Michael T. Elmore with NorthMarq Capital secured $56 mil in refi money on Highland Pinetree Apartments, a 320-unit multifamily property located at 1501 South Highland Ave in Fullerton. The property is oper...
| Exchange Investor Buys and Sells Res Properties in Costa Mesa
Two apartment buildings with a combined 11 units in Costa Mesa have sold for a total of $4.9 mil. The transactions were both part of a single investor’s 1031 exchange, one being the sale and the other the purchase side. Dan B...
| OC Joe’s Crab Shack Purchased for $3.4 Mil
A private investor paid $3.375 mil for the ground lease of a single-tenant property fully occupied by Joe’s Crab Shack in Garden Grove. Joe’s Crab Shack has been at the property for over 10 years and has approximately two yea...
| Mission Viejo Retail Shops Property Sells for $780/sf
An OC-based family investment entity purchased the 16.6k sf shops component within Avery Center in Mission Viejo for $12.95 mil, or $780/sf. The acquisition includes two fully occupied retail buildings located at 28601 to 286...
| SteelWave Buys 103k sf OC Creative Office Property
SteelWave recently acquired AIRspace, a 103k sf, high-identity, creative office asset in Tustin. Located at 15771 Red Hill, AIRspace is positioned within the Greater Airport Area submarket in the burgeoning Red Hill Corridor....
| OC Multihousing Market Set Record with Highest Average Asking Rent in 1Q 2019
The average asking rent for Orange County multifamily housing set a new record in 1Q 2019, according to the latest data from real estate services firm NAI Capital. The average asking rent hit $1,979/unit, up 0.5% from the pri...
| Retail Property in Westminster Goes for $427/sf
A private investor paid $7.05 mil for Westminster Golden Center, a 16.5k sf ($427/sf) shopping center in the Little Saigon submarket of Westminster.
Westminster Golden Center is located at the southwest corner of Westminster...
| Kingsbarn Realty Capital Picks Up 83k sf OC Office Asset
In a recent OC office buy, Kingsbarn Realty Capital purchased a two-story, 83.2k sf Class A office property in Foothill Ranch. Built in 1998, the property is located at 27042 Towne Center Dr, just off the 241 Toll Road and La...
| Draftsmen & Craftsmen
Work has begun on Orange Coast College’s (OCC) new $36 mil Kinesiology and Athletics Complex in Costa Mesa. The 88k sf, multi-building complex is one part of a broader project to revitalize and modernize OCC’s campus, and one...
| BKM Capital Partners Closes Its Second Institutional Fund with $382 Mil in Equity Commitments
BKM Capital Partners, an institutional fund manager with a niche focus on value-add, light multi-tenant industrial investments, has closed its second institutional fund, BKM Industrial Value Fund II, L.P., with $382 mil in eq...
| Dollinger Properties Buys 145k sf OC Office Building
Dollinger Properties purchased Fairway Center I, a 145.5k sf suburban office building in the Orange County community of Brea, in a recent $33.5 mil ($230/sf) transaction.
Situated on 5.5 acres at 1800 E. Imperial Highway, F...
| OC Office Asking Rates Hit New High in First Quarter 2019
The Orange County office market ended 1Q 2019 in a strong position. The average asking rent rose to the highest level on record while the vacancy rate inched up with construction added to the inventory, according to the lates...
| West Harbor Capital Buys 8.7 Acres of Development Land in La Habra
An 8.67-acre land parcel in La Habra was purchased by West Harbor Capital, a Torrance-based private equity investment firm. West Harbor, which focuses exclusively on the investment and asset management of industrial propertie...