| SteelWave and Invesco Real Estate Team Up in Purchase of Former LA Times Facility in Costa Mesa
SteelWave and Invesco Real Estate have acquired the former Los Angeles Times printing facility in Costa Mesa. The purchase consists of a 249k sf printing press warehouse with an attached 112.4k sf office building (the former ...
| Laurus Corporation Buys OC Medical Office Building
Saddleback Financial Center, a four-story, 73k sf medical office tower in Laguna Hills, was purchased by an affiliate of Laurus Corporation. The price was not immediately given out.
The four-story building, which was renova...
| OC Investor Exchanges into La Habra Rental Cottage Property
A multifamily property in La Habra consisting of 18 single-family rental cottages was purchased by a local 1031 exchange investor for $5.3 mil ($294k/unit).
The property, located at 141-237 Monte Vista, contains 18 two-bedr...
| OC Retail Center Traded in $55 Mil Deal
The Triangle, a 204.5k sf coastal dining and entertainment lifestyle center in Costa Mesa, was purchased by a Los Angeles-based family office syndicate in a $55.7 mil ($272/sf) transaction. The center is anchored by an impres...
| New Anaheim Res Development Lands $136 Mil in Financing
JPI has obtained a $136 mil loan on Jefferson Platinum Triangle, a new 400-unit multifamily property located in Anaheim. The financing, which was originated by Square Mile Capital Management LLC, will repay JPIís existing co...
| Shaoulian Properties Breaks Ground on Newport Beach Medical Office Project
Shaoulian Properties has broken ground on Newport Harbor Medical Plaza, a 26.5k sf, Class A medical facility in Newport Beach. The project, located at 330 Old Newport Blvd, was designed by Bundy-Finkel Architects and is being...
| Prime Development Land in Anaheimís Platinum Triangle Trades
Pacific Industrial has acquired an 8.5-acre land site in Anaheim for $14.57 mil. The property is located at 2222 East Howell Ave, north of Katella Ave and west of the 57 Fwy.
The site, which lies within the boundaries of Ana...
| Nutraceutical Company Buys OC Facility in $8.4 Mil Deal
Dongyu OC Properties, a nutraceutical company, purchased a 37.3k sf industrial building in Tustin for $8.39 mil, or about $225/sf. Dongyu OC Properties is relocating from Irvine to this building, located at 14831 Franklin Av...
| NewMark Merrill Companies Buys 117k sf OC Shopping Center
NewMark Merrill Companies recently completed a retail acquisition in northern Orange County, having purchased Placentia Town Center, a 116.8k sf shopping center located at 110-198 East Yorba Linda Blvd in Placentia. From what...
| OC Sales Review Includes Eight Recent Office and Industrial Deals
The Orange County office of Lee & Associates recently completed eight office and industrial sales transactions in SoCal, totaling 118.8k sf of space with a combined value of $18.6 mil. The deals include the following:
| Capital One Arranges $43 Mil Refi on OC Apartment Community
Capital One has arranged a $43.5 mil, Fannie Mae fixed-rate loan to refinance Amberway Apartments, a 272-unit, garden-style community in Anaheim. Constructed in 1983, Amberway Apartments is located at 489 South Chatham Circle...
| OC Biz Campus Financed with $39 Mil Loan from Wells Fargo Bank
In a recent OC financing deal, Menlo Equities LLC has secured a new $39 mil loan on Towne Centre, a 292.3k sf, three-building, Class A office campus located in Foothill Ranch. The five-year, floating-rate loan was arranged by...
| Brooke Birtcher Gustafson to Participate in Leadership of Birtcher Development LLC's Next Iteration
Birtcher Development LLC is launching the next iteration of the venerable, OC-based real estate company. Brooke Birtcher Gustafson represents the fifth generation of the family involved with the leadership of the firm. The re...
| Investor Buys 40 Res Units in Anaheim
The Palms Apartments, a 40-unit multifamily property in Anaheim, was purchased by a local investor for $7.6 mil ($190k/unit). The buyer plans to continue the existing renovation plan to add more value to the property.
| SC Development Refis OC Res Community
SC Development has obtained a $9.5 mil Freddie Mac fixed-rate loan to refinance Midway Meadows, a 92-unit apartment community in OCís Midway City.
SC Development developed Midway Meadows in 1987 under a 30-year ground lease...
| OC Medical Office Property Trades Hands
Meridian has purchased The Laguna, a 57.1k sf, medical office building in the OC city of Laguna Hills. Situated on 0.75 acres at 24022 Calle de la Plata, just west of I-5 off El Toro Rd, the building is on the campus of and a...
| Hines and Oaktree Capital Management Buy OC Office Property
Hines and Oaktree Capital Management LP have teamed up in an OC office buy, acquiring the Pacific Sunwear "PacSun" Global Headquarters, a 181k sf, three-story Class A office building in Anaheim. This transaction is the ninth ...
| Class A Newport Beach Office Asset Trades Hands
Hines, through its core plus venture with an affiliate of Goldman Sachs & Co. LLCís Merchant Banking Division, has acquired 4000 MacArthur, a Class A office project consisting of two, ten-story buildings totaling 376.2k sf in...
| Rexford Industrial Realty Repositions Two SoCal Properties
Rexford Industrial Realty has wrapped up the value-add repositioning and lease-up at two SoCal properties totaling 317k sf of space. The company had previously acquired the assets, located at 3880 W. Valley Blvd in Pomona and...
| OC Retail Bought for $24.5 Mil by LA Investor
A 105.6k sf shopping center in Fullerton was acquired by SCB Inc, a private investment company, for $24.5 mil, or $232/sf. The property, located at 110 Ė 130 W. Imperial Hwy, is currently leased to Best Buy, 24 Hour Fitness a...