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• Irvine R&D Building Sells for Over $300/sf
7/06/18
A 15.4k sf office building in Irvine was purchased for $4.8 mil ($312/sf) by an education company, which is expanding its current operations from a nearby building.
Located at 17791 Fitch Ave, the R&D building is close to J...
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• Costa Mesa Sale is for a 63k sf Creative Office Property
6/27/18
A 62.9k sf, creative office campus in Costa Mesa sold for $13.7 mil ($218/sf). Located at 660 Baker St, the campus, which is currently undergoing an extensive remodel, contains four office buildings – one a 7.7k sf single-sto...
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• Commercial Real Estate Financing Briefs
6/25/18
NEWMARK – George Mitsanas and Chandler Hogue with Newmark® arranged $54 mil in fixed-rate financing for Artisan Apartments in Huntington Beach. Located directly off I-405 and adjacent to numerous lifestyle and employment cent...
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• Exchange Investor Pays Over $16 Mil for Warehouse Asset in Brea
6/22/18
A 99.6k sf industrial building in Brea sold for $16.12 mil ($162/sf). The property was purchased by a private investor who was in a $28 mil 1031 exchange.
The warehouse property, constructed in 1974, is located at 331-333 Cl...
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• NoCal Investor Pays $482/sf for OC Multi-Tenant Retail Center
6/22/18
Walnut Town & Country, a 22.3k sf multi-tenant retail center in the OC city of Walnut, sold for $10.75 mil ($482/sf). The center is 95% occupied and includes Jack in the Box, Subway, Wing Stop, Lollicup and Mathnasium.
Buil...
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• The Bascom Group’s Latest OC Purchase Adds to the Legend of Sleepy Hollow
6/19/18
The Bascom Group LLC has acquired Sleepy Hollow Apartments, a 25-unit infill apartment community located in OC community of Anaheim Hills, for $7.54 mil ($301.6k/unit). The property is located at 124 N Tustin Ave, adjacent to...
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• OC Apartment Sale Trades at $305k/Unit
6/14/18
Gilden Properties LLC paid $5.5 mil for an 18-unit ($305.5k/unit) apartment complex in the City of Orange.
The property sits within a residential neighborhood, just one mile from Chapman University. The two, single-story bui...
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• JH Real Estate Partners Pays over $46 Mil for OC Community Center
6/11/18
JH Real Estate Partners has purchased Bristol Center, a 165.5k sf, community retail center in Santa Ana, for $46.46 mil ($282/sf). It was sold by Sarofim Realty Advisors, a Dallas-based investment advisor.
Built in 1974, Br...
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• CNI College Inks $16 Mil Lease in Santa Ana
6/08/18
CNI College, an Orange County-based nursing school, agreed to a $16 mil, 130-month lease for 52.1k sf ($2.36/sf/mo) of space in Santa Ana. The deal is at Pacific Center, located at 1610 St Andrews Place.
Pacific Center is a ...
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• OC Office Park Trades Hands in $150 Mil Deal
6/07/18
Rockpoint Group LLC has completed its purchase of The Summit Office Campus, a five-building, 479.5k sf mid-rise office project in Aliso Viejo. The asset was sold by a global investment advisor in a deal said to be worth north...
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• Panattoni Development Starts Work on 232k sf OC Industrial Development
6/05/18
Panattoni Development Company Inc has just broken ground on Orange County Commerce Center, a four-building, 232k sf industrial project situated at the border of Anaheim and Placentia. Panattoni is developing this property in ...
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• Mark Moshayedi and Ryan Gallagher Form Space Investment Partners
5/31/18
Mark Moshayedi and Ryan Gallagher have joined forces to launch Space Investment Partners, an Irvine-based commercial real estate operating company. Space Investment Partners, a fully-integrated real estate investment, develop...
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• Merlone Geier Partners Spends $30 Mil on Value-Add OC Retail Buy
5/30/18
Merlone Geier Partners has acquired College Plaza Shopping Center in Fullerton from a private investor for $29.7 mil. The 77.3k sf retail property is located at 2400-2520 East Chapman Ave, just west of the 57 Fwy.
Constructe...
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• 60-Year-Old Apartment Property in Costa Mesa Sells for $400k/Unit
5/23/18
Casa Del Mar, a 16-unit apartment building in Costa Mesa, was purchased by a local syndication investor and management company for $6.4 mil, or $400k/unit. The property, located at 147 East 18th St, just east of the 55 Fwy by...
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• Premier Business Centers Hires Michael Pollack as Vice President/Director of Real Estate
5/21/18
Michael Pollack has been named Vice President, Director of Real Estate for Premier Business Centers, the Irvine-based flexible workspace operator.
Pollack will be handling all new location acquisitions and renewals, as well ...
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• Cypress Development Site Sells for $2.4 Mil
5/16/18
A 34.8k sf, mixed-use development site in Cypress sold for $2.4 mil ($69/sf). The property is located at 6072 and 6076 Lincoln, south of the 91 Fwy and just east of Valley View St.
The property is within walking distance to ...
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• Harbor Associates and The Bascom Group Spend $37 Mil on Two SoCal Office Properties
5/16/18
Harbor Associates LLC and joint venture partner The Bascom Group LLC have acquired two CA office buildings, in Los Angeles and Del Mar, in separate transactions totaling $37.4 mil. The two properties have a combined 114k sf o...
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• Pacific Industrial Closes $33 Mil OC Industrial Buy
5/15/18
In recent industrial investment news out of Orange County, Pacific Industrial paid $33 mil for a two-building, 157.2k sf ($210/sf) industrial property situated immediately adjacent to John Wayne Airport in Costa Mesa. Pacific...
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• OC Industrial Portfolio Trades in $23 Mil Transaction
5/14/18
Duke Realty acquired Northpoint Commerce Industrial Park Portfolio, a two-building, 119.4k sf industrial portfolio in Fullerton, for $22.8 mil ($191/sf). The Class A properties were sold by a private seller that was advised b...
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• Newport Beach Office Asset Traded for Over $10 Mil
5/14/18
BLD Ventures LLC purchased a 25.9k sf office building in Newport Beach for $10.5 mil ($405/sf). The building is located at 20377 SW Acacia St, southwest of the 73 Fwy off Irvine Ave.
Brian Garbutt of Lee & Associates Irvine ...
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