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• Meridian Spends $20 Mil on OC Medical Office Building
10/25/19
Meridian has acquired a two-story, 53.5k sf medical office building in Santa Ana for $20.35 mil ($380/sf). The company plans to invest an additional $5 mil in improvements to the building, situated on a 4.8-acre parcel at 360...
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• Owner/User Pays $8 Mil for Newport Beach Office Building
10/24/19
A three-story, 21.7k sf office building in Newport Beach was purchased for $8.07 mil ($372/sf) by a local orthopedic and pain management practice. The buyer, Regenerative Institute of Newport Beach, plans to renovate and occu...
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• Drawbridge Realty Acquires 169k sf of Aliso Viejo Office Space
10/18/19
Drawbridge Realty has purchased two corporate headquarters office buildings in Aliso Viejo. The Class A buildings, known as 4 and 5 Polaris, serve as the corporate headquarters for Quest Software and UST Global, respectively....
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• OC Office Asset Trades at $282/sf
10/18/19
A three-story, 50.4k sf multi-tenant office building in downtown Anaheim sold for $14.2 mil, which works out to $282/sf. The asset is fully leased to nine tenants including MemorialCare, Guggenheim Partners, Arbor E&T (ResCar...
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• Crowne Pointe Equity Picks Up OC Office Asset for $17 Mil
10/17/19
Crowne Pointe Equity acquired a 45.2k sf office building in Brea for $17 mil, or $376/sf. The two-story, newly renovated office property is located at 130 S. State College Blvd in North Orange County.
The campus features on...
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• GF Capital Buys Irvine Office Building from Swinerton Builders
10/16/19
GF Capital purchased a 20.7k sf office building in Irvine for $6 mil, or $290/sf. The property, located at 17731 Mitchell North, was sold by Swinerton Builders.
17731 Mitchell North was developed in 1983 and renovated in 201...
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• Mitchell Company Closes $29 Mil OC Industrial Buy
10/15/19
In a recent OC industrial buy, Mitchell Company paid $28.9 mil for a fully occupied, single-tenant light industrial/R&D building in Tustin. The 117.8k sf ($245/sf) facility, located at 2441 Michelle Dr, is leased to Canon Med...
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• Class A Office Asset in South Orange County Trades for Over $500/sf
10/15/19
One Enterprise, a Class A, 111.4k sf office building, has sold in a $59 mil ($530/sf) transaction. The four-story property is situated on 7.27 acres at 1 Enterprise in Aliso Viejo, a master-planned city located in south Orang...
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• Excelsior Partners Acquires 50k sf OC Creative Office Asset
10/04/19
In a recent OC office buy, Excelsior Partners paid $16.8 mil for Create Tustin, a 50.8k sf ($331/sf), creative office building in Tustin. The building, located at 2642 Michelle Dr, is fully leased to three tenants – Avid Bios...
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• New Raising Cane’s Ground Lease in Orange County Acquired for $5 Mil
10/02/19
An LA-based private investor paid $5 mil for a 3.2k sf, new-construction, single-tenant Raising Cane’s Chicken Fingers quick-service restaurant with a drive-thru in Anaheim. The deal for the absolute NNN ground lease came in ...
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• Multifamily Property Sale in San Diego Comes in at $284.5k/Unit
10/02/19
In a recent multifamily comp from San Diego, an 11-unit multifamily complex in the city’s Golden Hill neighborhood sold for $3.13 mil ($284.5k/unit). The 5.8k sf property sits on a 7.2k sf lot at 3087 A Street.
The property ...
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• Space Investment Partners Spends $18.4 Mil on OC Retail Center
9/26/19
Space Investment Partners has purchased Westport Plaza & Square, a 39k sf, leasehold retail center in Costa Mesa, for $18.4 mil ($472/sf). The asset is located at 369 E. 17th St, in the heart of the city’s E. 17th Street reta...
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• Investor Nabs 122k sf Portion of OC Regional Retail Center
9/17/19
A private investment entity purchased a 121.9k sf portion of Foothill Ranch Towne Center, a 1 msf master-planned regional retail center anchored by Walmart and Target in Lake Forest. The center, located at 36532 Towne Center ...
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• Draftsmen & Craftsmen
9/13/19
A landmark, single-user building in Newport Beach’s Marina Lido Village has been completely redesigned for its occupant, business software company SAP, who will use the new space for its Southern California-based Innovation C...
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• Stanton Road Capital Buys OC Office Tower
9/11/19
TriCentre, a 211.9k sf, office tower in the city of Orange, was acquired by Stanton Road Capital, a Los Angeles-based investment management firm. The price was not disclosed, although we’ve heard investor estimates of around ...
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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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