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June 16, 2024
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ORANGE COUNTY NEWS
Archive
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• Prologis Buys OC Retail Building on 12 Acres
9/10/19
Prologis purchased a 144k sf retail building in Anaheim. The building, which sits on a 12-acre lot, is occupied by Fry’s Electronics. The price was not disclosed. Located at 3370 E. La Palma Ave, the property has been since ...
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• LaSalle Investment Management Buys OC Medical Office Property
9/05/19
Newport Heights Medical Center (NHMC), a 60k sf medical office property in Newport Beach, was purchased by LaSalle Investment Management. Built in 2017, NHMC consists of two Class A buildings that are 100% occupied. The pric...
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• OC Medical Office Asset Trades for $273k sf
9/04/19
Santa Ana - Tustin Medical Pavilion, a 17.6k sf medical office building in Tustin, sold for $4.8 mil ($273/sf). The building, located 17400 Irvine Blvd, traded without any concessions or repairs. Santa Ana - Tustin Medical ...
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• New 400-Bed Student Housing Project Completed at Chapman University
8/27/19
Construction has been completed on The K, a 401-bed, 123.6k sf student housing project for Chapman University in the city of Orange. The development was bult by R.D. Olson Construction. Designed to reflect the historic charm...
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• OC Multifamily PropertyAcquired in Exchange Buy for $331k/Unit
8/26/19
Myrtle Avenue Apartment Homes, a 16-unit multifamily property in Tustin, sold for $5.3 mil, or $331k/unit. Located at 15981 S. Myrtle Ave, the 17.7k sf property consists of nine two-bedroom/two-baths, two two-bedroom/two-bat...
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• 2019 Senior Rental Housing Community in Westminster Trades for $71 Mil
8/21/19
HW Senior Living Apartments, a 310-unit independent living community in Westminster, CA, traded hands in a recent $71 mil ($229k/unit) transaction. The asset, located at 13920 Hoover St, was purchased by an experienced senior...
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• OC Jack in the Box Trades for Record $1,374/sf
8/15/19
A 2.8k sf, single-tenant retail property fully occupied by Jack in the Box in Mission Viejo has sold for $3.79 mil, which works out to $1,374/sf, the highest price per square foot for a Jack in the Box-occupied asset in South...
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• Two Apartment Buildings in Laguna Beach Fetch $6.6 Mil
8/13/19
Two apartment buildings in Laguna Beach were purchased by separate investors in deals totaling $6.62 mil. The properties have a combined 13 units. The first property, located on a corner lot at 460 Cypress Dr, features nine ...
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• Drawbridge Realty Spends $97 Mil on OC Office Campus
8/12/19
Drawbridge Realty has purchased Pacific Center, a 390.6k sf, two-building corporate office campus in Santa Ana, for $97.5 mil ($250/sf). Located at 1600-1610 East Saint Andrew Place, west of the 55 Fwy and south of Edinger A...
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• Freestanding Retail Building in Anaheim Goes for S127/sf
8/09/19
A 15k sf, freestanding retail building in Anaheim was purchased by a private investor for $1.9 mil, or $127/sf. Built in 1961, the property sits on a 27.9k sf lot at 1672 W Lincoln Ave, within the North Orange County submark...
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• Landmark Capital Advisors Recapitalized and Rebranded as Landmark Real Estate
8/08/19
Newport Beach-based Landmark Real Estate has recapitalized and rebranded the company, formerly known as Landmark Capital Advisors. The recapitalization includes a majority investment from Kraemer Land Company, a multi-generat...
more » 

• Optima Tax Relief Signs Renewal/Extension Lease in Santa Ana
7/26/19
Optima Tax Relief has agreed to a long-term lease renewal and expansion at Elevate@Harbor, an eight-acre office campus in the South Coast Metro submarket of Santa Ana. Optima, a tenant since 2012, will take an additional 2k s...
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• Los Angeles and Orange County Rank as Two of the Top Markets for U.S. Net-Lease Investment in 2018
7/24/19
This report was provided by global real estate services firm CBRE Los Angeles ranked 4th and Orange County ranked 13th among the top 20 markets in U.S. net-lease investment in 2018, according to a recent report from CBRE. I...
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• SoCal Industrial Complex Trades in $128 Mil Transaction
7/22/19
Alere, a pension fund advisor, purchased Los Alamitos Corporate Center, a 686.6k sf industrial complex in Los Alamitos, from Northwestern Mutual for $128.5 mil. Located at 4332-4478 Cerritos Ave, 10541-10681 Calle Lee and 4...
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• Buyer Spends $5.5 Mil on Los Alamitos Medical Office Building
7/22/19
A 7.3k sf medical office building in Los Alamitos sold for $5.5 mil, or $759/sf. The three-story, medical office building is located at 10921 Cherry St, across the street from Los Alamitos Medical Center in a prime area for h...
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• Multi-Tenant Retail Building in Huntington Beach Goes for Near $500/sf
7/19/19
An 8.6k sf, multi-tenant retail building shadow-anchored by Sprouts Farmers Market in Huntington Beach sold for $4.1 mil, or $477/sf. The deal came in at a cap rate of 4.94%. Located at 6946-6968 Warner Ave, at the signalize...
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• OC Office Campus Refinanced with $56 Mil Loan
7/18/19
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...
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• Onni Group Buys Ocean Plaza in Huntington Beach for $97 Mil
7/16/19
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...
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• Lake Forest Industrial Building Trades in $9.4 Mil Deal
7/09/19
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 ...
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• Pacific Athletic Wear Expands into Larger OC Facility
7/05/19
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 ...
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