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• The Source H20 is a New, 70k sf Office Community Just Completed in Irvine
10/07/20
Construction has been completed at The Source H20, a new, 70k sf modern office community in Irvine. The project, developed by Irvine Ranch Water District, fronts on Odyssey and is situated at the intersection of Waterworks Wa...
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• Four Restaurants Take Space at South OC Community Shopping Center
10/05/20
Four restaurants have inked new leases at The Center at Rancho Niguel, a 360k sf, community shopping center located at Crown Valley Pkwy and Greenfield Dr in Laguna Niguel. The restaurants are Calo Kitchen + Tequila, Snooze E...
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• Mission Viejo Land Purchased for 60-Unit Res Development
9/28/20
A 4.11-acre site in Mission Viejo was acquired in a $9.94 mil deal for a planned residential development. The site, located at 28719 Los Alisos Blvd, offers 2.75 buildable acres that can be used for the new project, City Lane...
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• City of Huntington Beach Buys Dev Site for Low-Income Housing
9/25/20
The city of Huntington Beach purchased a 0.78-acre multifamily development property in Huntington Beach for $2.97 mil. The undeveloped site, located at 17631 Cameron Lane, sits within a residential community near the 405 Fwy ...
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• Elbi of America Leases 65k sf OC Industrial Building
9/24/20
Elbi of America has inked a lease for an entire freestanding, 64.6k sf industrial building in Anaheim. The building is located at 1210 North Red Gum St, north of the 91 Fwy and east of the 57 Fwy.
Elbi will utilize the space...
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• Premier Workspaces Adds New Center in Newport Beach
9/21/20
Premier Workspaces has added Koll Center Newport, at 4590 MacArthur Blvd in Newport Beach, to its growing network of more than 90 locations across the country. Located across the street from John Wayne Airport and minutes aw...
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• Advanced Real Estate Services Secures $240 Mil in Refi Money on Six SoCal Multifamily Assets
9/14/20
Advanced Real Estate Services Inc has completed $240.44 mil in refinancings on six SoCal multifamily communities totaling 1,223 units. The Freddie Mac and Fannie Mae financings were arranged by NorthMarq Capital and generated...
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• Brandywine Homes Buys OC Dev Site
9/11/20
Brandywine Homes picked up a multifamily development infill site in Placentia for $3.9 mil. The 1.3-acre parcel is located at 1049 Golden Ave, near the intersection of Imperial Hwy and Rose Dr.
The buyer, who obtained the e...
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• SoCal Industrial Sales Comp Total $15 Mil
9/11/20
Here are a couple of brief SoCal industrial property sales comps, from Fullerton and Murrieta. The deals total roughly $15 mil.
In Fullerton, a freestanding, 48.2k sf building traded for $10.01 mil, or $208/sf. The property ...
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• RiverRock Real Estate Group Gets a New HQ Office Building in Irvine
9/10/20
RockRiver 8 LLC, an LLC comprised of RiverRock Real Estate Group Founder John Combs and Sheldon Harte, founder of Harte Brownlee & Associates, has acquired a 20.4k sf, single-story office building in Irvine. The building, loc...
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• Meridian Nabs 110k sf Office Asset in Irvine
9/09/20
Meridian has purchased a 110.4k sf, four-story Class A office building in Irvine. The asset was acquired in a joint venture with Harrison Street. The price was not disclosed.
The joint venture plans to invest additional cap...
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• Former OC Econo-Lube ‘N’ Tune Property Sells for Over $500/sf
9/08/20
A 3k sf automotive repair and former Econo-Lube N’ Tune property in Lake Forest sold for $1.61 mil ($537/sf). The property is located at 20592 Lake Forest Dr, just south of the 241 Toll Road.
The property had been vacated b...
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• Excel Packaging’s HQ Becomes First OC WELL-Certified™ Space
9/03/20
The first WELL-Certified™ space in Orange County – Excel Packaging’s headquarters located at 9313 Research Dr in Irvine – has been completed. H. Hendy Associates led the WELL certification for the 7k sf office space, which ea...
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• OC Res Property Goes for $184k/Unit
9/02/20
The Standard Apartments, a 24-unit community in Santa Ana, traded hands for $4.425 mil ($184k/unit) in a recent transaction with multiple offers.
Built in 1958, The Standard Apartments sits on a 15.9k sf site at 931 and 935 ...
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• Chicago School of Professional Psychology Takes 23k sf Full Floor Office Space in Anaheim
8/31/20
The Chicago School of Professional Psychology signed a lease for the entire 22.8k sf, 12th floor at Stadium Tower in Anaheim. Terms of the deal were not given out.
Stadium Tower is a Class A, high-rise office building locate...
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• Fullerton Industrial Facility Comps at $207/sf
8/27/20
A 48.2k sf industrial building in Fullerton sold for $10 mil, or $207/sf. The buyer will be occupying the property, located at 1450 Manhattan Ave, for its business, Omni Metal Finishing.
1450 Manhattan Avenue is ideally loca...
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• Newmark Knight Frank Awarded Leasing Assignment for 2.2 msf OC Retail Portfolio
8/25/20
ValueRock has awarded the leasing assignment for five Orange County retail properties totaling approximately 2.2 msf to Newmark Knight Frank. The portfolio is comprised of The Commons at Aliso Viejo, Moulton Plaza, Lake Fores...
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• Huntington Beach Apartment Building Sells for $270k/Unit
8/18/20
A four-unit apartment property in Huntington Beach sold for $1.48 mil, or $270k/unit, and a closing cap rate of 2.94%. The property is located at 7601 Amazon Dr, south of Edinger Dr and west of Beach Blvd, just off the 405 Fw...
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• Toda America Completes $26 Mil OC Office Buy
8/17/20
Toda America Inc purchased a 68.4k sf office building in Irvine for $26.2 mil, or $383/sf, in a deal that closed at a 5.6% cap rate. Toda America is a wholly owned subsidiary of Toda Corporation of Japan.
Located at 111 Paci...
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• James Malone, Michael Freiberg and Xavier Nolasco Join JLL
8/14/20
James Malone and Michael Freiberg have joined JLL as Executive Vice Presidents in Los Angeles, while Xavier Nolasco has also joined the firm as Vice President in Orange County.
Malone will be based in Downtown Los Angeles, ...
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