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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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• 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...
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• 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...
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• 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 ...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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.
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