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OC Office Complex Goes for $32.8 Mil 6/23/17 Benchmark Holdings paid $32.83 mil for Alton Deere Plaza, a 185.2k sf ($177/sf), multi-tenant office park located in the Irvine Business Complex in the city of Santa Ana.
The property, located at 1920-1940 Deere Ave, consist...
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Rexford Industrial Realty Pays $36 Mil for Two SoCal Properties 6/23/17 Rexford Industrial Realty recently completed the acquisition of two industrial properties in deal totaling $35.9 mil. The acquisitions were funded with cash on hand.
In one of the transactions, Rexford acquired 4175 E. Cona...
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Raintree Partners Underway with CA Mixed-Use Projects Valued at Over $500 Mil 6/20/17 OC-based Raintree Partners is currently under construction on three mixed-use projects in California totaling more than $500 mil in value. The projects include: a 465-unit apartment and co-working property in Sunnyvale; a 109...
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Hotel Near Disneyland Lands $20 Mil Refi Loan 6/20/17 Continental Partners has secured $20.5 mil in fixed-rate, non-recourse refinancing for the Sheraton Garden Grove-Anaheim South Hotel, a 285-room hotel near the Disneyland theme park. The property consists of a 186k sf, seven-...
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Doyle Properties Spends $20 Mil on OC HQ Property 6/14/17 An 84.9k sf industrial property in Anaheim was acquired by Doyle Properties LLC for $19.81 mil ($233/sf) as part of a 1031exchange transaction. The asset was sold by Blackstone Group.
The property will be occupied by the Eco...
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OC Office High-Rise Sells for $59 Mil 6/08/17 A SoCal-based 1031 exchange investor paid $58.9 mil for 200 Center, a 191.6k sf, Class A high-rise office building located in Downtown Anaheim. The asset is occupied entirely by St. Joseph Health System, which has a long-term...
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CenterPoint Properties Pays $131 Mil for OC Cross-Dock Facility 6/02/17 A 1.084 msf industrial cross-dock facility in Buena Park has sold for $131.5 mil ($123/sf), in what we’re told is the largest contiguous, single-tenant transaction in Orange County over the last 25 years. The property, locate...
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Private Investor Buys 70-Unit OC Apartment Asset 6/02/17 In a recent OC multifamily sale comp, a local private investor paid $13.8 mil for The Regent, a 70-unit property located at 1111 West Santa Ana Blvd, north of 1st St and west of I-5 in Santa Ana.
The asset was sold by an in...
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Private Investor Pays $242k/Unit for Santa Ana Residential Building 5/23/17 NNC Apartment Ventures LLC has acquired Broadway Apartments, a 21-unit multifamily property in Santa Ana, for $5.075 mil ($242k/unit). This is the first time the building has been sold since it was built in 1987.
The propert...
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OmniDuct Pays $15 Mil for Buena Park Industrial Property 5/19/17 OmniDuct paid $15 mil all-cash for a 103.4k sf ($145/sf) industrial property in Buena Park. The company, a manufacturer of HVAV ductwork, is relocating from Anaheim to this new location at 6388-6400 Artesia Blvd, on the south...
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OC Net-Leased Fiat/Chrysler Dealership Property Sells for Over $9 Mil 5/17/17 A 26.2k sf, net-leased Fiat Chrysler car dealership in San Juan Capistrano sold for $9.1 mil, or $348/sf. The property, located at 32881 Camino Capistrano, was purchased by a private local buyer in a 1031 exchange. The deal c...
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Terra Universal Leases 45k sf of Industrial Space in Brea 5/17/17 Terra Universal has inked a lease for 45.2k sf of high-class industrial space at the Brea Business Park in the OC city of Brea. The project is owned by Brea Endeavor Holdings LLC.
Terra Universal leased the entire building ...
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Sterling Organization Picks Up Vacant, 76k sf Retail Asset in Garden Grove 5/16/17 Sterling Organization has acquired Pavilion Plaza West, a 75.9k sf, vacant retail building in Garden Grove, for $11 mil ($145/sf). The property, which was once a Vons Supermarket (Safeway), was purchased from a group of five...
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OC Office Renewal Takes Care of Payne & Fears 5/11/17 The law firm Payne & Fears LLP signed a seven-year lease renewal for 25.8k sf of office space at Jamboree Center in Irvine. The company, an Orange County-based labor & employment, business and insurance litigation firm, sign...
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Costa Mesa Residential Property Trades for $366k/Unit 5/10/17 The Courtyards, a 28-unit multifamily property in Costa Mesa, sold for $10.25 mil ($366k/unit). The property, situated on 1.2 acres at 324 East 20th St, midway between the 55 Fwy and Irvine Ave, was 100% occupied at the time ...
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ValueRock Completes Redevelopment of Retail Portion Lake Forest Center 5/05/17 ValueRock Realty Partners has completed the retail portion of a major redevelopment of Lake Forest Gateway Center in Lake Forest. The company has also received Lake Forest City Council approval to construct a 99-room Springhi...
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California Landmark Group Buys 186-Unit Res Asset in Westminster 5/02/17 California Landmark Group (CLG) has acquired The Windmill Apartments, a 186-unit multifamily property in Westminster. The entire property is encumbered by a ground lease with approximately 29 years remaining on the term, with...
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OC Office Market Vacancy Rate at Lowest Level Since 2007 4/28/17 At the end of the first quarter of 2017, the Orange County office market vacancy rate was in single digit territory, the lowest seen since 2007. The vacancy rate registered 9.1%, down 80 basis points from a year ago. At the e...
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Capital One Originates $77 Mil in Fannie Mae Loans on Three Properties for Kort & Scott Financial Group 4/27/17 Kort & Scott Financial Group has obtained $76.7 mil in Fannie Mae loans for a trio of California residential properties. The loans, provided by Capital One, enabled Kort & Scott to refinance a manufactured housing community i...
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NewMark Merrill Companies Recapitalizes Two Retail Centers 4/14/17 NewMark Merrill Companies has completed recapitalizations totaling $26.6 mil of two of its retail centers. The transactions consisted of a $19.1 mil refi of Bristol Warner Village, located in Santa Ana, and a $7.5 mil refinan...
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