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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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• Irvine Company Buys 216k sf Irvine Spectrum Complex
4/12/17
Irvine Company has purchased Alton Plaza, a 19-building business campus within Irvine Spectrum. The company plans to revitalize the 216k sf complex, located on Alton Pkwy near the Irvine train station.
Alton Plaza is 95% lea...
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• Karma Pays $56 Mil for Irvine Facility
4/07/17
Karma Automotive LLC has purchased the 262.5k sf Irvine facility that it had been leasing since August 2016 in a transaction valued at $56.25 mil, or $214/sf. Karma is an American car company that manufactures luxury hybrid p...
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• Planned Res Development to Bring 600 Units to Santa Ana
3/30/17
Wermers Properties has announced plans for a 601-unit residential property in Santa Ana, whose design was inspired by the adjacent Santa Ana Zoo and Prentice Park. The project, Santa Ana First Street Apartments, was designed ...
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• The Bascom Group Spends $94 Mil on 400 Units in Orange County
3/29/17
The Bascom Group LLC has acquired Villas at Tustin Apartments, a 406-unit infill apartment community located in the heart of Orange County, for $94 mil ($231.5k/unit). Villas at Tustin, constructed in 1972, is located at 2414...
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• Guthrie Development Picks Up Fullerton Industrial Property
3/28/17
Guthrie Development paid $7.75 mil for 4200 Bonita, a 64.3k sf ($120/sf), occupied industrial building in Fullerton. The property was sold by BI Technologies, an electronics parts supplier that had owned and occupied the faci...
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• Guthrie Development Spends $5.8 Mil on South OC Commercial Property
3/27/17
Guthrie Development recently purchased a six- building multi-tenant retail, office, and service commercial project totaling 24.5k sf in Laguna Niguel. The buildings, located at 27781-27841 La Paz Rd, were purchased from La Pa...
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• OC Warehouse Property Trades in $3.8 Mil Deal
3/23/17
In a recent Orange County industrial sales comp, Calara Properties LLC paid $3.79 mil for a 19.7k sf ($192/sf) warehouse property in Tustin. The seller was Healing Word International.
Built in 1978, the property is located ...
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