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• Kearny Real Estate Company to Develop 163k sf Logistics Project in Santa Ana
2/23/24
Kearny Real Estate Company has started demolition of two office buildings at 3100 and 3130 S. Harbor Blvd in Santa Ana, to enable the development of Harbor Logistics Center, a 163k sf, Class A warehouse and distribution compl...
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• Anaheim Multifamily Asset Trades for $79 Mil
2/23/24
Chateau de Ville, a 254-unit multifamily property in Anaheim, sold for $79.1 mil, or $311k/unit. The property is located at 2020 W. Alameda Ave, east of Brookhurst St on the southwest side of I-5.
Built in 1970 on nine acres...
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• Murray Company Pays $19 Mil for OC Office Building in Owner/User Purchase
2/22/24
Murray Company purchased a 104.7k sf, Class A office property in the OC city of Cypress for $19 mil ($181/sf). Originally built in 1986, the property is located at 5995 Plaza Dr, north of Katella Ave and adjacent to the west ...
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• Continental Realty Corporation Acquires 292k sf Retail Asset in Orange County
2/15/24
Continental Realty Corporation acquired The South Coast Collection (“SOCO,”) a 292k sf, urban-infill shopping center in Costa Mesa. The purchase was financed with an acquisition loan of $66 mil.
Situated in the center of Ora...
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• Commercial Real Estate Financing Briefs
2/09/24
NORTHMARQ - David Gahagan, Chris Hammel and Chandler Kaye with Northmarq arranged an $82 mil refi loan on The Cartwright apartments in Irvine. Built in 2021, the multifamily property features 272 units located at 17600 Cartwr...
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• Investor Pays $539/sf for Irvine Office Property
2/05/24
A 20.8k sf office building in Irvine sold for $11.2 mil, or $539/sf. From what we understand, this is the highest price per square foot for Irvine office space over 20k sf since 2019.
Located at 2485 McCabe Way, the two-stor...
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• OC Res Development Lands $128 Mil in Construction to Permanent Financing
1/29/24
Legado Companies has obtained $128 mil of construction-to-permanent financing in three tranches, from three separate lenders, for the development of the Legado at the Met multifamily project in Santa Ana.
The 268-unit, mark...
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• Little Buddy Toys Leases 95k sf Industrial Facility in Anaheim
1/29/24
Little Buddy Toys, an OC-based toy distribution company, has inked a lease for a 95.2k sf distribution center in Anaheim. The space is located at 270 East Palais Rd, ease of I-5 and south of Ball Rd.
The new Class A industri...
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• Commercial Real Estate Financing Briefs
1/23/24
GREYSTONE -- has provided a total of $79.125 mil in Fannie Mae (DUS®) loans to refinance three multifamily properties totaling 939 units in and around Tucson, AZ. The financing was originated by Greystone’s Dan Wolins on beha...
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• OC Multifamily Community Trades in $127 Mil Transaction
1/18/24
Regency Palms, a 310-unit gated multifamily community in Huntington Beach, traded hands in a $127 mil ($410k/unit transaction in one of the largest multifamily transactions in Orange County over the last 12 months. The buyer ...
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• Advantech Co Inks Ground Lease for 9.75 Acres at South Orange County Community College District ATEP Campus in Tustin
1/18/24
Advantech Co has signed a 75-year ground lease for 9.75 acres at South Orange County Community College District ATEP campus in Tustin. The transaction was valued at $264.8 mil.
The firm, a Taiwanese-based maker of industrial...
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• NAIOP SoCal Announces 2024 Executive Committee and Board of Directors
1/17/24
The Southern California chapter of NAIOP has announced its 2024 Executive Committee and Board of Directors, including leaders from many of the most highly-regarded commercial real estate firms across Los Angeles and Orange co...
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• Anaheim Industrial Asset Purchased for $18.5 Mil
1/15/24
In an Anaheim industrial trade, a two-building, 88.1k sf complex went for $18.5 mil ($210/sf). The property, located at 3000 – 3010 East La Jolla St, was sold by a SoCal-based private seller.
The two one-story buildings are ...
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• OC Multifamily Property Sells for First Time in 40 Years
1/11/24
Crestview Apartments, a 19-unit multifamily property in Costa Mesa, was purchased by a local private investor for $5.025 mil. The selling price, which came in at $563/sf and $264.5k/unit, marks the property’s first sale in ov...
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• Rexford Industrial Realty Ends 2023 with Two SoCal Buys and One Disposition
1/08/24
Rexford Industrial Realty Inc recently acquired two industrial property investments for an aggregate purchase price of $69.5 mil and sold one property for $11.3 mil. The acquisitions were funded using proceeds from forward eq...
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• Fullerton Biz Campus Property Trades for $227/sf
1/05/24
HK Ventures Inc paid $19.45 mil for Cedarwoods Business Park, an 85.7k sf ($227/sf), multi-tenant business park in Fullerton. The five-building property sits on almost five acres at 2461-2495 E. Orangethorpe Ave.
Cedarwoods ...
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• Pricing Pressures Illuminate the Balancing Act in Southern California's Office Real Estate Transition
1/03/24
This report was provided by real estate services firm N.A.I. Capital Commercial
Toward the yearend, Southern California witnessed a decline in office building sales, signaling a shift in individual markets. The slowdown in s...
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• TailoredSpace Announces Plans to Open Multiple New Coworking Campuses Across California in 2024
1/03/24
On the heels of opening their latest coworking location in San Juan Capistrano, the founders of TailoredSpace have announced plans to nearly double their portfolio in 2024, opening up to eight new coworking spaces in Californ...
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• Advanced Real Estate Closes Out 2023 with $234 Mil OC Multifamily Buy
12/29/23
Advanced Real Estate closed out the year with the purchase of a 714-unit multifamily community in Orange County in what we’re told stands as the largest single apartment property to sell in Southern California in all of 2023....
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• Chevron is Seeking Sites in Orange County and Riverside County
12/29/23
Site Criteria:
• Pad Size: Approximately 35k sf – 85k sf (0.75 to 2 Acres)
• Demographics: Medium to high density housing or planned growth
• Traffic Volume: Potential of 40,000-50,000 CPD
• Location: Out-parcel near ...
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