|
• Costa Mesa Retail Center Traded in $5.3 Mil Deal
3/23/20
Harbor Pacific Court, an 11.8k sf, multi-tenant retail center in Costa Mesa, was acquired by an OC private investor for $5.35 mil, or $453/sf. The center, located at 2346 Newport Blvd, is 91% occupied by eight tenants includi...
|
• Fullerton Industrial Property Purchased for Use as a High-End Auto Repair Service
3/19/20
A 12k sf industrial warehouse in Fullerton traded hands in a $2.36 mil ($197/sf) transaction. The property is located at 1121 - 1127 E. Ash Ave, north of the 91 Fwy and just west of Raymond Ave.
Mike Vernick with Voit Real E...
|
• Buchanan Street Partners Buys Newport Beach Office Asset
3/05/20
Buchanan Street Partners purchased a two-building, 42.7k sf office property in Newport Beach for $11.5 mil, or $269/sf. The buildings are located at 1400 and 1420 Bristol Street North, west of Jamboree Rd and adjacent to the ...
|
• Mixed-Use Development in Westminster’s Little Saigon District Breaks Ground
2/28/20
Work is underway on Bolsa Row, a mixed-use development in the heart of Westminster’s Little Saigon District. Situated on a six-acre lot, the project will include a 225k sf apartment complex, retail space, a five-story, full-s...
|
• Placentia Industrial Building Sells for $5 Mil
2/28/20
A private investor out of Newport Beach paid $5 mil for a 26.9k sf ($186/sf), multi-tenant industrial property in Placentia. The property is located at 1019-1043 S. Melrose St, north of the 91 Fwy and adjacent to the east sid...
|
• OC Tesla Showroom Sells for $9.6 Mil
2/21/20
North Palisade Partners LLC has acquired the Tesla Motors showroom in Costa Mesa for $9.6 mil. The 23.7k sf ($405/sf), Class A showroom building at 3140 Pullman St represents North Palisade’s first commercial real estate acqu...
|
• Owner/User Pays $300/sf for Irvine Spectrum Facility
2/20/20
A 55.3k sf industrial building in Irvine was purchased by local lighting manufacturer Ledra Brands for $16.6 mil, or $300/sf. The buyer had sold an industrial building in Tustin prior to this, as part of a 1031 exchange.
The...
|
• Two Leases at Orange County Commerce Center Total 102k sf
2/18/20
We’ve got two industrial leases totaling 101.7k sf of space in OC to report. Both deals were for buildings at Orange County Commerce Center, a Class A industrial development completed in 2019 and owned by a joint venture betw...
|
• Ground Lease for 178k sf Home Depot Superstore in OC Listed for $60.7 Mil
2/11/20
We’ve learned of an interesting retail listing in Orange County that’s just come on the market. The property is the ground lease for a 178.7k sf, single-tenant property occupied by Home Depot Superstore in Anaheim. The proper...
|
• Orange County CRE Experts Speak to RENTV Audience at Annual Event
2/10/20
Here are the industry pros who made up the office, industrial, retail and multifamily panels at our annual State of the Market Conference for the region on January 29.
|
• Commercial Real Estate Financing Briefs
2/07/20
MERIDIAN CAPITAL GROUP - Seth Grossman, Sarah Kuebler and Eric Schleif with Meridian Capital Group arranged $45 mil in financing for McCarthy Ranch Marketplace, a 266k sf retail property in Milpitas. Located at 15-251 Ranch D...
|
• Tustin Industrial Facility Sells for $262/sf
2/05/20
A 32.4k sf industrial building in Tustin sold for $8.5 mil ($262/sf). The property was purchased by Irvine-based CP Technologies, who will use this property as an expansion of their distribution and manufacturing business of ...
|
• Owner/User Picks Up 38k sf Building in Garden Grove
2/04/20
A 38.2k sf industrial building in Garden Grove sold for $7.5 mil, or $196/sf. The property is located at 12570 Industry St, west of Beach Blvd and north of the 22 Fwy.
The buyer will use a portion of this property for the ex...
|
• Dayani Partners Invests $25.4 Mil in OC Office Buy
1/31/20
Dayani Partners has purchased Von Karman Tech Center, a 101.2k sf, multi-tenant office building in Irvine. The property was sold by KBS Growth & Income REIT Inc for $25.4 mil ($251/sf) in an off-market transaction.
Von Karma...
|
• Newport Beach Investor Buys 11k sf OC Office Property
1/28/20
An 11.3k sf, garden-style office property in Costa Mesa sold for $3.575 mil, or $316/sf. The new ownership is looking to redevelop the property as a mixed-use project.
The building sits on .73 acres of land at 777 to 779 W. ...
|
• PacSun HQ Building in Anaheim Gets New Owner
1/23/20
A 180k sf, single-tenant office building in Anaheim fully occupied by Pacific Sunwear of California LLC (PacSun) sold for $44 mil, or $244/sf. The property, located at 3450 East Miraloma Ave, was sold by PacSun, who uses the ...
|
• Financial Partners Credit Union Purchases 51k sf Costa Mesa Office Building
1/16/20
Scenic Business Park, a 51.2k sf office building in Costa Mesa, was purchased by Financial Partners Credit Union for $13.375 mil ($261/sf). The two-story building, located at 1665 Scenic Ave, was sold by EQ Office and The Bla...
|
• Rexford Industrial Realty Closes Out 2019 with a Fountain Valley Purchase and an Oxnard Disposition
1/14/20
In the latest SoCal activity at Rexford Industrial Realty, the firm purchased an industrial property in Fountain Valley for $14 mil and sold a property in Oxnard for $9.6 mil. The acquisition was funded using cash-on-hand and...
|
• OC Outback Steakhouse Property Sells for Over $1,000/sf
1/09/20
A private investor paid $6.625 mil for the ground lease of a single-tenant, 6.2k sf property in Orange County fully occupied by Outback Steakhouse. Located on a .54-acre site at 12001 Harbor Blvd, along Restaurant Row near Di...
|
• Two SoCal Retail Centers Refinanced in Transactions Totaling $31 Mil
1/09/20
Cantor Commercial Real Estate has refinanced two SoCal neighborhood retail centers with loans totaling $31 mil. Westlake Village Marketplace, in Westlake Village, was refinanced with an $18 mil loan, and Aliso Viejo Plaza, in...
|
Return to the Southern California - Orange County area
