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• Hines-Led Venture Secures $182 Mil on OC Office Campus
6/17/20
Intersect, a four-building, 452k sf office campus in Irvine, has been refinanced with a new $182 mil loan. The mid-rise, Class A property is owned by a joint venture between Hines and a leading global investment management fi...
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• IRA Capital Pays $73.5 Mil for OC Corporate Campus
6/16/20
IRA Capital has purchased Element, a 160k sf, three-building corporate campus in Aliso Viejo, for $73.5 mil ($460/sf). IRA Capital acquired the campus through its joint venture with a Middle East-based capital partner.
Eleme...
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• MediaTek USA Takes 10k sf in Irvine
5/28/20
MediaTek USA inked a five-year lease for 10.5k sf of office space in Irvine. MediaTek, the world’s fourth largest global fabless semiconductor company, powers more than 1.5 bil devices a year including smart TVs, phones and t...
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• OC Private School Campus Trades for $22.75 Mil
5/21/20
Fairmont Private Schools, an Orange County-based private institution, acquired a private school campus in San Juan Capistrano in a $22.75 mil transaction. The property was sold by Saddleback Valley Christian.
Located at 2633...
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• Electronic Commerce Inks Office Lease in Newport Beach
5/19/20
Electronic Commerce leased 10.3k sf of office space in Newport Beach. The firm, an Orange County-based merchant services fintech company, signed a deal at 4100 Newport Place, a Class A building owned by Olen.
Built in 1990,...
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• IRA Capital Pays $676/sf for OC Medical Office Building
5/19/20
IRA Capital paid $38.4 mil for a 56.8k sf ($676/sf), medical office building in Santa Ana. Based in Irvine, IRA Capital is a real estate private equity firm.
Located at 2212 E. 4th St, just west of the 55 Fwy, the property i...
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• Scenic Campus of St. Michael’s Abbey in South OC Has Been Put On the Market
5/14/20
The historic St. Michael’s Abbey, a 33-acre campus nestled in the foothills of South Orange County, is up for sale now that its long-time residents, the Norbertine Fathers of Orange, are almost ready to move to a new home. Th...
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• Brookfield Property Group Picks Up 80k sf Multi-State Industrial Portfolio
5/11/20
Brookfield Property Group purchased a seven-property, 80k sf multi-state industrial portfolio for $24.765 mil ($309/sf). The single-tenant assets, located in prized infill locations, all in top U.S. metropolitan areas, were s...
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• Anaheim Supermarket Property Acquired for $5.6 Mil
5/11/20
Orangethorpe Plaza, a 24.6k sf, neighborhood supermarket property in Anaheim, sold for $5.645 mil, or $230/sf. Built in 1976, Orangethorpe Plaza is anchored by Stater Bros supermarket and is located at 1741 N Kellogg Dr, in h...
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• Ronald E. Birtcher Passes Away at the Age of 89
5/06/20
Real estate development icon Ronald E. Birtcher passed away on April 21 at the age of 89. Birtcher, born in the City of Orange, is well known for his accomplishments as an international commercial and industrial real estate d...
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• Tustin Office Asset Gets New Owner
5/06/20
The Irvine Prospect Building, a 16.3k sf office building in Tustin, sold for $3.275 mil ($200/sf). Built in 1973, the two-story, multitenant building sits on a 30.5k sf parcel at 17772 Irvine Blvd.
The jewel-box building is...
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• Costa Mesa Res Community Refinanced with New $75 Mil Loan
5/01/20
An E&S Ring affiliate has obtained a $75 mil permanent loan refi on Mediterranean Village, a 508-unit multifamily property in Costa Mesa. The garden-stye residential community is located at 2400 Harbor Blvd, adjacent to the C...
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• Still the Happiest Place on Earth?
4/17/20
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• OC Biz Park Picked Up by Local Exchange Investor
4/10/20
Yorba Linda Business Center, a four-building, 115.8k sf industrial property in Yorba Linda, was acquired by an OC private investor who was completing the upleg of a 1031 exchange. The price was not disclosed.
Built in 1998, ...
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• Meta Housing Corporation and Western Community Housing to Develop OC Affordable Housing Project
4/10/20
Meta Housing Corporation and Western Community Housing plan to develop a three-story, 65-unit, affordable and permanent supportive housing multifamily community in Westminster. The $42 mil development will provide quality aff...
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• Fountain Valley McDonald’s Ground Lease Goes for Over $4 Mil
4/03/20
A private investor paid $4.025 mil for the ground lease purchase of a freestanding drive-thru equipped McDonald’s in Fountain Valley. The all-cash buyer made the acquisition as part of a 1031 exchange transaction.
The 3.5k s...
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• National Auto Loan Network Leases OC HQ Space
4/03/20
National Auto Loan Network (NALN) inked a new, 10-year lease for 11.5k sf of space in Tustin. The firm will use the space, located at 1735 Flight Way, east of Red Hill Ave and north of Barranca Pkwy, for its headquarters.
J...
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• Work Completed on New Waugh Student Center at Vanguard University in Costa Mesa
4/02/20
Work was just completed on the new Waugh Student Center at Vanguard University in Costa Mesa. Located at the heart of the campus, the new 35k sf interior and 7.5k sf exterior deck, two-story, steel-frame student center create...
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• 2020 Huntington Beach Medical Office Property Sells for $20 Mil
3/31/20
Bella Terra Medical Plaza, a four-story, 59.4k sf off-campus medical office building in Huntington Beach, traded hands in a $20 mil ($337/sf) transaction. The asset was sold by Vibe Boutique Office Properties and acquired by ...
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• Absolute NNN Ground Lease Property in Anaheim Trades for $5.1 Mil
3/30/20
An L.A.-based private investor paid $5.1 mil for the absolute triple-net ground lease for a newly constructed, single-tenant Chase Bank in Anaheim. The new 4k sf bank building, which opened earlier this year, sits on 0.50 acr...
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