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• Lew Horne Appointed President of CBRE Group’s Newly Formed SoCal-Hawaii Division
1/26/17
Lewis C. Horne has been appointed president of CBRE Group Inc’s newly formed Southern California-Hawaii Division. In this expanded role, Horne will now have executive oversight for the San Diego and Hawaii markets, in additio...
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• Community Preservation Partners Buys 280-Unit Restricted-Rent Asset in Cathedral City
1/23/17
OC-based Community Preservation Partners (CPP) acquired Mountain View Senior Apartments, a 280-unit, rent-restricted apartment complex in Cathedral City. The price was not disclosed.
Built in the early 1980s, the property i...
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• Private Investor Collects Over $14 Mil from Sale of Four OC Multifamily Properties
1/23/17
A four-property, 43-unit multifamily portfolio in Orange County has sold for $14.2 mil, or $330k/unit. The investment properties – one in Costa Mesa and three in Huntington Beach – were listed by a single private investor sel...
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• OC Retail Property Trades in $4.6 Mil Deal
1/20/17
Lakeside Plaza, a 36.5k sf, neighborhood retail center in Anaheim, sold for $4.6 mil ($126/sf). The center sits on a 115k sf site at 3440-3492 East Orangethorpe Ave, north of the 91 Fwy at Lakeview Ave.
The center is a singl...
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• OC Industrial Building Trades for $133/sf
1/19/17
Euroline Steel Windows & Doors has purchased an 84.4k sf industrial building in Yorba Linda for $11.2 mil, or $133/sf. The building is located at 22600 Savi Ranch Pkwy, east of Yorba Linda Blvd and north of Hwy 91.
Based in ...
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• Office Property in Foothill Ranch Trades for $40 Mil
1/19/17
Pinnacle Asset Management Group LLC, a private investor, has purchased a 203.7k sf office building in Foothill Ranch for $40 mil, or around $195/sf.
The property is located at 26632-26642-26672 Towne Centre Dr, just off the ...
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• Shopoff Realty Investments Buys In Newport Beach
1/17/17
Shopoff Realty Investments has acquired a three-story, 44.4k sf office building located at 4440 Von Karman Ave, between MacArthur Blvd and Jamboree Rd in Newport Beach, for $15.4 mil ($347/sf). The property was purchased with...
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• Community Preservation Partners Purchases 179-Unit Senior Housing Property in Anaheim
1/16/17
Community Preservation Partners (CPP) has acquired the Miracle Terrace Apartments, a 179-unit, seniors affordable housing property in Anaheim, in a $53.5 mil joint venture with nonprofit Jamboree Housing.
CPP purchased the 4...
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• Huntington Beach Multifamily Sale Comes in at $327k/Unit
1/13/17
In a recent multifamily sales comp from Huntington Beach, an unnamed investor paid $9.8 mil for the Stark & Aldrich Apartments, a two-property portfolio totaling 30 units ($327k/unit). The deal came in at an in-place cap rat...
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• OC Office Campus Trades Hands in $36 Mil Deal
1/10/17
Stillwater Investment Group, in a joint venture partnership with CrossHarbor Capital Partners, purchased a three-building office campus in Aliso Viejo. Located at 26600, 26650, and 26700 Aliso Viejo Pkwy, the 161k sf property...
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• Berkeley Partners Finances Yorba Linda Business Park Buy with $10 Mil Acquisition Loan
1/06/17
Berkeley Partners has obtained $10.2 mil in acquisition financing for its purchase of Yorba Linda Business Park, a flex industrial park totaling 115.8k sf in the OC city of Yorba Linda. Berkeley Partners acquired the asset, c...
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• SBH Real Estate Group Pays $4.5 Mil for La Habra Retail Asset
12/27/16
L.A.-based SBH Real Estate Group Inc has acquired a 22.3k sf retail property in La Habra for $4.535 mil, or roughly $203/sf.
Located at 250 N. Harbor Blvd, the property is on the northeast corner of the signalized intersect...
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• New 174-Room Hotel Completed in the Anaheim Resort District
12/27/16
Construction has been completed on Country Inn & Suites, a five-story, 174-room hotel in Anaheim. The project was built by R.D. Olson Construction on behalf of Carlson Rezidor Hotel Group, as well as hotelier entities SunCoas...
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• Berkeley Partners Picks Up 118k sf OC Biz Campus from Rexford Industrial Realty
12/21/16
Berkeley Partners purchased a 117.8k sf OC industrial complex from Rexford Industrial Realty in a recent $17 mil ($144/sf) investment deal. The property, Yorba Linda Business Park, consists of four single-story buildings loca...
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• Two SoCal Industrial Sales Total $8 Mil
12/21/16
We’ve got a couple of recent SoCal industrial sales comps to share. The deals took place in Placentia and Riverside, and total about $8 mil.
In the larger deal, a 29.6k sf facility in Placentia sold for $5 mil ($169/sf). The...
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• OC Lease Comp Review
12/19/16
We’ve got three recent leases from Orange County to report. The deals, in Santa Ana, Tustin and Anaheim, total nearly $5 mil in value and 55.2k sf of space. The Saywitz Company represented the tenants in all of the deals.
In...
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• Increasing Demand for LA and OC Logistics Space to Push Up Leasing Rates in 2017
12/15/16
Soaring demand from e-commerce and third-party logistics companies for warehouse and distribution facilities is likely to push demand above available space in the greater Los Angeles and Orange County region, causing asking l...
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• Rexford Industrial Realty Completes Trio of SoCal Deals Worth $43 Mil
12/14/16
Rexford Industrial Realty Inc recently wrapped up a number of SoCal transactions. The firm acquired a two-building industrial project for $24.4 mil, and also sold two industrial properties for a total of $19 mil, using the sa...
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• John Bibeau and Steven Saunders Join CBRE
12/14/16
SoCal brokerage pros John Bibeau and Steven Saunders have joined CBRE, where they will focus on office and industrial transactions in the San Gabriel Valley and western Inland Empire markets.
Bibeau, a Vice President at CBR...
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• Four-Building OC Office Asset Trades for $55.6 Mil
12/14/16
In a recent OC office investment deal, JCR Capital has purchased Brea Corporate Plaza and Brea Park Centre, a four-building portfolio in the Orange County community of Brea. The buildings, which total 290.7k sf, fetched $55....
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