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• Carlos Lopez Joins SRS Real Estate Partners
11/19/24
Carlos Lopez has joined SRS Real Estate Partners as Executive Vice President, Capital Markets in the firm’s Newport Beach office. Lopez brings nearly 30 years of experience to his new role specializing in the sale of si...
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• Two San Clemente Apartment Sales Generate $4.8 Mil
11/19/24
Two six-unit multifamily properties in San Clemente were purchased by private investors in separate deals that totaled $4.82 mil.
In one of the transactions, a Newport Beach-based investor paid $2.22 mil for a six-unit ($370...
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• Snell & Wilmer Signs Lease for 57k sf Office Space in Costa Mesa
11/14/24
The law firm of Snell & Wilmer inked a new lease for 57.3k sf of office space across three floors at Plaza Tower, a Class A, 21-story, 460k sf office building located at 600 Anton Blvd in Costa Mesa. Plaza Tower is an iconic...
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• Pacific Premier Bank Inks 115k sf Office Lease in Irvine
11/08/24
Pacific Premier Bank has signed a lease for 115.4k sf at Irvine Concourse, located at 17901 Von Karman Ave in Irvine. Terms of the deal were not disclosed.
Pacific Premier Bank, previously occupying two buildings at Irvine C...
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• ValueRock Realty Partners Buys Former Macaroni Grill Property at Aliso Viejo Town Center
11/06/24
ValueRock Realty Partners has purchased the former Macaroni Grill restaurant building — a vacant 7.9k sf retail pad building on 1.34 acres — at Aliso Viejo Town Center in Aliso Viejo, for $5.3 mil ($671/sf). Aliso Viejo Town...
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• OC Investor Exchanges Out of One Anaheim Apartment Property and into Another in Deals Totaling $16.8 Mil
10/30/24
A private investor sold one multifamily property and acquired another, both in Anaheim, in recent 1031 exchange transactions totaling $16.77 mil. The assets, have a combined 53 units.
“Our client wanted to trade their existi...
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• Single-Tenant OC Retail Building Sells for $452/sf
10/30/24
A 15k sf, fully leased, retail building in Garden Grove sold for $6.78 mil ($452/sf). Constructed in 2005, the building is currently occupied by a single tenant, Dollar Tree, under a triple-net lease.
The free-standing build...
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• South OC Office Property Sells for $177 Mil Through Lengthy Auction Process
10/28/24
In news of a major office property trade in Orange County, the Ziggurat Building, a seven-story, 1 msf structure in Laguna Niguel, sold for $177 mil after a lengthy auction process that went on for months. The building, which...
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• C.W. Driver Companies Completes $59.8 Mil Visual Arts Campus for CSU Fullerton
10/23/24
C.W. Driver Companies has completed an 85.4k sf renovation and new construction combination project for California State University, Fullerton’s Visual Arts Complex. The $59.8 mil project includes the renovation and seismic u...
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• OC Office Campus Sells in $27.5 Mil Transaction
10/18/24
Tustin Financial Plaza, a 185.2k sf multi-tenant office property in Tustin, sold in a recent $27.5 mil ($148/sf) transaction. The five-building asset, located at 17772, 17782, 17822, 17852 and 17862 East 17th St, was purchase...
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• OC Multifamily Property Goes for $266k/Unit in an Off-Market Transaction
10/17/24
A 10-unit multifamily property at 3926 Franklin Avenue in Fullerton was purchased by a private investor for $2.665 mil in an off-market transaction. The deal comes in at $266.5k/unit and $360/sf.
Built in 1985, the two-story...
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• Laguna Beach Apartment Property Goes for $425k/Unit
10/10/24
Laguna Terrace, a 12-unit multifamily property at 2200 S. Coast Highway in Laguna Beach, was acquired for $5.1 mil ($425k/unit) by a private investor. The property comprises four separate buildings across three adjacent lots,...
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• Renovated Costa Mesa Apartment Property Fetches $375k/Unit
10/08/24
Hamilton Cove, a newly renovated 15-unit multifamily property in Costa Mesa, traded for $5.625 mil ($375k/unit). Originally constructed in 1964, the two-story, 9.4k sf multifamily building sits on a 0.45-acre lot at 560 Hami...
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• OC Investor Pays $376/sf for Retail/Medical Building in Aliso Viejo
10/08/24
An Irvine-based private investor purchased a two-story, 25k sf retail and medical building within Aliso Viejo Town Center, a 380k sf community center in Aliso Viejo, for $9.4 mil ($376/sf). The center is anchored by Ralphs, C...
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• Irvine Office Building Fetches $258/sf in Owner/User Buy
9/26/24
A 157.5k sf office building in Irvine sold for $40.6 mil ($258/sf) in a recent owner/user buy. The building, located at 5 Peters Canyon Rd, was purchased by TP-Link Systems Inc.
The low-rise building, built in 2000, sits on ...
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• NAIOP SoCal Presents Night at the Fights 2024 Featuring Record Four CRE Industry Bouts
9/26/24
On October 10, 2024, eight commercial real estate professionals will step into the boxing ring as part of the main event at this year’s NAIOP SoCal Night at the Fights black tie gala. Thanks to popular demand, it is the first...
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• Spate of New Leases Bring Two Irvine Office Buildings to Fully Leased
9/18/24
Two OC office properties in Irvine are now at 100% leased thanks to a number of recent signings. The properties are located at 7700 Irvine Center Dr and 111 Pacifica. The assets are owned by Camphor Partners and Toda America ...
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• New 315-Unit Central OC Res Development Completed
9/18/24
Construction of Zia, a five-story, wrap-style apartment development from MBK Rental Living in central Orange County, has been finished and the project is now available for leasing. Offering upscale living with easy access to ...
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• OC Medical/Office Asset Trades for $191/sf
9/17/24
A private 1031 exchange investor paid $8.51 mil for The Bricks, a 44.6k sf ($191/sf), multi-tenant office and medical building in Tustin. The property is located at 18302 Irvine Blvd, in the heart of Old Town Tustin, between ...
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• Enso Logistics Leases 45k sf OC Industrial Facility
9/10/24
Enso Logistics has leased a 45k sf freestanding industrial facility located at 1830 Raymer Ave in Fullerton. Enso Logistics offers comprehensive logistics solutions, integrating warehouse services, transportation management, ...
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