|
• Landmark Capital Advisors Recapitalized and Rebranded as Landmark Real Estate
8/08/19
Newport Beach-based Landmark Real Estate has recapitalized and rebranded the company, formerly known as Landmark Capital Advisors. The recapitalization includes a majority investment from Kraemer Land Company, a multi-generat...
|
• Optima Tax Relief Signs Renewal/Extension Lease in Santa Ana
7/26/19
Optima Tax Relief has agreed to a long-term lease renewal and expansion at Elevate@Harbor, an eight-acre office campus in the South Coast Metro submarket of Santa Ana. Optima, a tenant since 2012, will take an additional 2k s...
|
• Los Angeles and Orange County Rank as Two of the Top Markets for U.S. Net-Lease Investment in 2018
7/24/19
This report was provided by global real estate services firm CBRE
Los Angeles ranked 4th and Orange County ranked 13th among the top 20 markets in U.S. net-lease investment in 2018, according to a recent report from CBRE. I...
|
• SoCal Industrial Complex Trades in $128 Mil Transaction
7/22/19
Alere, a pension fund advisor, purchased Los Alamitos Corporate Center, a 686.6k sf industrial complex in Los Alamitos, from Northwestern Mutual for $128.5 mil.
Located at 4332-4478 Cerritos Ave, 10541-10681 Calle Lee and 4...
|
• Buyer Spends $5.5 Mil on Los Alamitos Medical Office Building
7/22/19
A 7.3k sf medical office building in Los Alamitos sold for $5.5 mil, or $759/sf. The three-story, medical office building is located at 10921 Cherry St, across the street from Los Alamitos Medical Center in a prime area for h...
|
• Multi-Tenant Retail Building in Huntington Beach Goes for Near $500/sf
7/19/19
An 8.6k sf, multi-tenant retail building shadow-anchored by Sprouts Farmers Market in Huntington Beach sold for $4.1 mil, or $477/sf. The deal came in at a cap rate of 4.94%.
Located at 6946-6968 Warner Ave, at the signalize...
|
• OC Office Campus Refinanced with $56 Mil Loan
7/18/19
HERE, a five-building, 224k sf office campus in Laguna Hills, has been refinanced with a new $55.9 mil loan that was arranged by CBRE and funded through ARES. The multi-tenant complex, located at 23332, 23382 and 23422 Mill C...
|
• Onni Group Buys Ocean Plaza in Huntington Beach for $97 Mil
7/16/19
Onni Group, out of Vancouver, Canada, has acquired Ocean Plaza, an 8.6-acre mixed-use office and retail complex in Huntington Beach, for $97.25 mil. It was sold by Decron Properties.
Located at 17011 Beach Blvd, the property...
|
• Lake Forest Industrial Building Trades in $9.4 Mil Deal
7/09/19
A 33.8k sf industrial building in Lake Forest sold for $9.4 mil, or $278/sf. Built in 1997, the property is located at 25871 Atlantic Ocean Dr, west of the 241 Toll Road off Bake Pkwy.
The concrete tilt-up structure sits on ...
|
• Pacific Athletic Wear Expands into Larger OC Facility
7/05/19
Pacific Athletic Wear recently inked an 84-month lease for a 76.1k sf industrial building in Garden Gove. The transaction has a total value of $3.2 mil, which works out to an average rate of around $0.50/sf/mo.
The facility ...
|
• Placentia Multifamily Community Goes for $258k/Unit
7/03/19
A 12-unit multifamily community in Placentia sold for $2.9 mil, or about $258k per unit. Located at 911 Cypress Ave, the 9.2k sf property consists of 12 single-story cottages on a lot just under one-acre in size.
Each unit ...
|
• Prologis Acquires 265k sf Industrial Asset in Westminster
7/02/19
Prologis has acquired a 10-building, 264.8k sf industrial park in Westminster. The 12-acre property was sold by CMSS Ventures LP.
Developed in the mid to late 1970s, the campus is located at 7100, 7105, 7101-7115, 7125; 713...
|
• Rakuten Super Logistics Leases 60k sf in Anaheim
7/01/19
Rakuten Super Logistics (RSL) signed a five-year lease for a 60.8k sf industrial building in Anaheim. The building, located at 1365 S. Van Buren St, is part of a newly completed, Class A industrial development, Orange County ...
|
• Commercial Real Estate Financing Briefs
6/21/19
NORTHMARQ CAPITAL - Michael T. Elmore with NorthMarq Capital secured $56 mil in refi money on Highland Pinetree Apartments, a 320-unit multifamily property located at 1501 South Highland Ave in Fullerton. The property is oper...
|
• Exchange Investor Buys and Sells Res Properties in Costa Mesa
6/12/19
Two apartment buildings with a combined 11 units in Costa Mesa have sold for a total of $4.9 mil. The transactions were both part of a single investor’s 1031 exchange, one being the sale and the other the purchase side. Dan B...
|
• OC Joe’s Crab Shack Purchased for $3.4 Mil
6/11/19
A private investor paid $3.375 mil for the ground lease of a single-tenant property fully occupied by Joe’s Crab Shack in Garden Grove. Joe’s Crab Shack has been at the property for over 10 years and has approximately two yea...
|
• Mission Viejo Retail Shops Property Sells for $780/sf
6/06/19
An OC-based family investment entity purchased the 16.6k sf shops component within Avery Center in Mission Viejo for $12.95 mil, or $780/sf. The acquisition includes two fully occupied retail buildings located at 28601 to 286...
|
• SteelWave Buys 103k sf OC Creative Office Property
6/05/19
SteelWave recently acquired AIRspace, a 103k sf, high-identity, creative office asset in Tustin. Located at 15771 Red Hill, AIRspace is positioned within the Greater Airport Area submarket in the burgeoning Red Hill Corridor....
|
• OC Multihousing Market Set Record with Highest Average Asking Rent in 1Q 2019
6/03/19
The average asking rent for Orange County multifamily housing set a new record in 1Q 2019, according to the latest data from real estate services firm NAI Capital. The average asking rent hit $1,979/unit, up 0.5% from the pri...
|
• Retail Property in Westminster Goes for $427/sf
5/30/19
A private investor paid $7.05 mil for Westminster Golden Center, a 16.5k sf ($427/sf) shopping center in the Little Saigon submarket of Westminster.
Westminster Golden Center is located at the southwest corner of Westminster...
|
Return to the Southern California - Orange County area
