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• STC Management Closes $80 Mil OC Retail Acquisition
2/20/19
STC Management has acquired Anaheim GardenWalk, a 430k sf destination mixed-use entertainment center within walking distance of Anaheim’s Disneyland Resort and the Anaheim Convention Center, in a deal valued at $80 mil ($186/...
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• Caribou Industries Looking to Start Major Office Redevelopment within the Santa Ana Opportunity Zone
2/14/19
Santa Ana-based Caribou Industries has announced plans for a 1.7 msf office development at the former Orange County Register building called 625IVE, and One Broadway Plaza, within the Santa Ana Opportunity Zone. Caribou has e...
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• OC Power Center Signs Four New Retailers
2/12/19
There have been four new leases totaling 12.8k sf at Brea Union Plaza, a 1.2 msf, 42-acre power center in Brea. Anchor tenants at the center, which was built in 1999 and is located at 315-2595 E. Imperial Hwy, include Nordstr...
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• SteelWave and Invesco Begin Im-Press-Ive Redevelopment of Former L.A. Times Campus in Costa Mesa
2/06/19
Construction has started on The Press, a reinvention of the former LA Times Orange County printing press warehouse and press room into a reimagined creative work campus and proposed food hall. The 420k sf campus, located at 1...
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• Commercial Real Estate Financing Briefs
2/05/19
AVISON YOUNG - Jay Maddox and Peter Sherman with Avison Young arranged a $29 mil loan on behalf of Mega Home LLC to refinance the construction and sell-out of a partially completed 80-unit condominium project located in Los A...
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• L.A. Investor Buys Ground Lease on OC Red Robin
2/04/19
The ground lease to a single-tenant restaurant property occupied by Red Robin in Garden Grove was purchased for $3.45 mil by a Los Angeles-based, private investor in an all-cash deal. The property is located at 12007 Harbor B...
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• BKM Capital Partners Closes on Third of Three Recent Light Industrial Portfolio Buys that Total Over $138 Mil
2/04/19
BKM Capital Partners acquired a two-property portfolio in San Diego for $16.6 mil. For BKM, this purchase is one of three recent light industrial multi-tenant portfolio acquisitions, which encompass more than 769.4k sf for a ...
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• High-Profile Medical Office Building in Newport Beach Sells
2/01/19
A 12.5k sf, free-standing medical office property, located at 1601 Avocado Ave in the center of Newport Beach, traded hands. The high-profile, coastal building features high-quality finishes.
The property sits across the st...
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• Newport Beach Showroom Property Sells for Over $1,400/sf
1/29/19
A 4.5k sf retail and showroom property in Newport Beach was acquired by a high net worth investor for $6.4 mil, or $1,422/sf.
The property, consisting of two single-story buildings, is located at 2510-2530 West Coast Hwy. I...
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• Valore Ventures Acquires Fee Simple Interest in Four Restaurant Properties near Disneyland
1/28/19
Valore Ventures has acquired the fee simple interest in four brand-name restaurants—Oggi’s Pizza & Brewery, Outback Steakhouse, Red Robin, and Joe's Crab Shack (the “property”) in Garden Grove, near Disneyland, for $13.1 mil....
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• Walters Wholesale Electric Company Renews Brea Distribution Facility Lease
1/25/19
Walters Wholesale Electric Company has agreed to a long-term renewal of it its existing 246.6k sf distribution facility in Brea in deal worth $24.7 mil. The building is at 200 N Berry St, in a central industrial corridor with...
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• Multiple OC Apartment Properties Trade Hands in Deals Totaling $27.6 Mil
1/24/19
We’ve learned of five multifamily properties in Orange County that traded recently in deals totaling $27.6 mil.
Marlon LTD, a private partnership, purchased two newly constructed assets -- a 28-unit property at 184 N Prospe...
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• OC Hotel Trades for $199k/room
1/23/19
Pacifica Hotels paid $25.5 mil for Residence Inn by Marriott Anaheim Hills Yorba Linda, a 128-room ($199k/room), select-service extended-stay hotel in the Orange County city of Anaheim.
Residence Inn by Marriott Anaheim Hill...
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• Roofing Distributor Leases New 70k sf OC Industrial Building Still Under Construction
1/23/19
An unnamed commercial/residential roofing distributor has agreed to a 10-year, $8.65 mil lease of a 69.9k sf ($1.03/sf/mo) industrial building currently under construction in Placentia. The property, located at 721 S. Van Bur...
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• Bertram Partners Secures $72 Mil of Freddie Mac Money on Three OC Affordable Apartment Properties
1/22/19
Bertram Partners Inc recently obtained two Freddie Mac loans totaling $72 mil, secured by three affordable housing assets totaling 536 units in Orange County. One of the loans is for $41.26 mil and is secured by Continental G...
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• AmorePacific US Leases 112k sf in Brea
1/22/19
AmorePacific US Inc leased 111.7k sf of space at 3300 East Birch Street in Brea. This deal brings total occupancy of the state-of-the-art 218.6k sf building to 100%.
AmorePacific US, providing beauty and health solutions, wi...
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• Draftsmen & Craftsmen
1/16/19
Work was just completed on a new 230k sf, corporate headquarters for Behr Paint Company, one of the nation’s largest suppliers of architectural paint and exterior wood care products. The project was designed by interior archi...
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• Pacific Industrial Purchases 151k sf Biz Park in Anaheim’s Platinum Triangle
1/15/19
Pacific Industrial has acquired North Stadium Business Center, a 151k sf, nine-acre multi-tenant business park in Anaheim’s “Platinum Triangle”. The asset, which sits directly adjacent to a property the firm already owns, cos...
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• Waterford Residential Spends $30 Mil on Rare Multifamily Asset in the Dover Shores Area of Newport Beach
1/09/19
Waterford Residential purchased Dover Heights Apartment Homes, consisting of 66 residential units in the Dover Shores area of Newport Beach, for $30.55 mil, or $463k/unit. This purchase, along with a previous acquisition betw...
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• Santa Ana Retail Property Trades in $9.5 Mil Deal
1/04/19
Sunflower Plaza, a 27k sf shopping center subject to a 30-year ground lease in Santa Ana, sold for $9.54 mil ($353/sf). It was purchased by Sunflower Metro LLC, a company owned by former NBA player, Josh Childress.
Sunflower...
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