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February 16, 2025
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ORANGE COUNTY NEWS
Archive
1  | 2  | 3  |  4  | 5  | 6  | 7  | 8  | 9  | 10  ...  97
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• Auto Dealership Buys Industrial/Storage Property in City of Orange
3/21/24
A 1.78-acre industrial outdoor site with five pre-existing storage buildings in the City of Orange was purchased by an auto dealership, McPeek’s Chrysler Dodge Jeep of Anaheim, in an $8.6 mil transaction. The property is loca...
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• Two Office Condos Sell in Recent Newport Beach Conversion Project
3/19/24
Shopoff Realty Investments sold two office condos in its Waypoint Newport project, located at 4440 Von Karman Ave in Koll Center Newport. The transactions were for units of 1.6k sf and 1.1k sf in size. “It is no secret that ...
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• Tourmaline Capital Pays $16.7 Mil for OC Retail Center
3/14/24
In a recent OC retail buy, Tourmaline Capital paid $16.7 mil for Anaheim Hills Shopping Village, a 67.5k sf ($247/sf) center in Anaheim. The property was sold by a private family partnership, who was the original developer. ...
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• Huntington Beach Development Site Trades in $10.25 Mil Transaction
3/08/24
A one-acre redevelopment site in Huntington Beach sold for $10.25 mil. The site, located at 1810 Pacific Coast Highway, was acquired by WJK Development. The buyer plans to utilize the site to develop boutique luxury homes. ...
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• NAIOP SoCal Orange County Real Estate Challenge Featuring Chapman University vs. University of California, Irvine to be Held April 17
3/08/24
The 3rd Annual NAIOP SoCal Orange County Real Estate Challenge between graduate student teams from the Chapman University Argyros College of Business & Economics (Chapman) and the University of California, Irvine Paul Merage ...
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• Orange County Multifamily Portfolio Lands $225 Mil in Financing
3/01/24
A long-time OC-based multifamily owner/investor has obtained $224.7 mil in financing for a six-property, 1,192-unit multifamily portfolio in Orange County. Five properties in the portfolio were refinanced in order to secure e...
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• Alliance Residential Finishes Work on 264-Unit Res Development in Irvine
2/28/24
Broadstone Edition, a 264-unit res development in Irvine, has been completed. The project, developed by Alliance Residential and designed by KTGY, will offer a mix of market-rate and affordable residences. Located at 1100 St...
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• Kearny Real Estate Company to Develop 163k sf Logistics Project in Santa Ana
2/23/24
Kearny Real Estate Company has started demolition of two office buildings at 3100 and 3130 S. Harbor Blvd in Santa Ana, to enable the development of Harbor Logistics Center, a 163k sf, Class A warehouse and distribution compl...
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• Anaheim Multifamily Asset Trades for $79 Mil
2/23/24
Chateau de Ville, a 254-unit multifamily property in Anaheim, sold for $79.1 mil, or $311k/unit. The property is located at 2020 W. Alameda Ave, east of Brookhurst St on the southwest side of I-5. Built in 1970 on nine acres...
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• Murray Company Pays $19 Mil for OC Office Building in Owner/User Purchase
2/22/24
Murray Company purchased a 104.7k sf, Class A office property in the OC city of Cypress for $19 mil ($181/sf). Originally built in 1986, the property is located at 5995 Plaza Dr, north of Katella Ave and adjacent to the west ...
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• Continental Realty Corporation Acquires 292k sf Retail Asset in Orange County
2/15/24
Continental Realty Corporation acquired The South Coast Collection (“SOCO,”) a 292k sf, urban-infill shopping center in Costa Mesa. The purchase was financed with an acquisition loan of $66 mil. Situated in the center of Ora...
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• Commercial Real Estate Financing Briefs
2/09/24
NORTHMARQ - David Gahagan, Chris Hammel and Chandler Kaye with Northmarq arranged an $82 mil refi loan on The Cartwright apartments in Irvine. Built in 2021, the multifamily property features 272 units located at 17600 Cartwr...
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• Investor Pays $539/sf for Irvine Office Property
2/05/24
A 20.8k sf office building in Irvine sold for $11.2 mil, or $539/sf. From what we understand, this is the highest price per square foot for Irvine office space over 20k sf since 2019. Located at 2485 McCabe Way, the two-stor...
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• OC Res Development Lands $128 Mil in Construction to Permanent Financing
1/29/24
Legado Companies has obtained $128 mil of construction-to-permanent financing in three tranches, from three separate lenders, for the development of the Legado at the Met multifamily project in Santa Ana. The 268-unit, mark...
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• Little Buddy Toys Leases 95k sf Industrial Facility in Anaheim
1/29/24
Little Buddy Toys, an OC-based toy distribution company, has inked a lease for a 95.2k sf distribution center in Anaheim. The space is located at 270 East Palais Rd, ease of I-5 and south of Ball Rd. The new Class A industri...
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• Commercial Real Estate Financing Briefs
1/23/24
GREYSTONE -- has provided a total of $79.125 mil in Fannie Mae (DUS®) loans to refinance three multifamily properties totaling 939 units in and around Tucson, AZ. The financing was originated by Greystone’s Dan Wolins on beha...
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• OC Multifamily Community Trades in $127 Mil Transaction
1/18/24
Regency Palms, a 310-unit gated multifamily community in Huntington Beach, traded hands in a $127 mil ($410k/unit transaction in one of the largest multifamily transactions in Orange County over the last 12 months. The buyer ...
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• Advantech Co Inks Ground Lease for 9.75 Acres at South Orange County Community College District ATEP Campus in Tustin
1/18/24
Advantech Co has signed a 75-year ground lease for 9.75 acres at South Orange County Community College District ATEP campus in Tustin. The transaction was valued at $264.8 mil. The firm, a Taiwanese-based maker of industrial...
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• NAIOP SoCal Announces 2024 Executive Committee and Board of Directors
1/17/24
The Southern California chapter of NAIOP has announced its 2024 Executive Committee and Board of Directors, including leaders from many of the most highly-regarded commercial real estate firms across Los Angeles and Orange co...
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• Anaheim Industrial Asset Purchased for $18.5 Mil
1/15/24
In an Anaheim industrial trade, a two-building, 88.1k sf complex went for $18.5 mil ($210/sf). The property, located at 3000 – 3010 East La Jolla St, was sold by a SoCal-based private seller. The two one-story buildings are ...
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