Orange County
Third Phase of Surf City Pierside Pavilion Underway
Theory R. Properties is gearing up for the addition of a four-story building, which will house high-end retail, an upscale restaurant with a rooftop terrace and office space.
CBRE Arranges Sale of OC Industrial Asset
Makena Properties acquired the 81,836-square-foot property in Anaheim, Calif., for approximately $12.2 million. The building is fully leased to a dancewear retailer.
Kidder Mathews Taps Inland Empire SVP
Dean Krieger brings more than 30 years of industry experience. In his new role, he will specialize in tenant representation throughout the Inland Empire and Orange County.
Monday Properties Grabs DC, SoCal Assets
The company made moves on both coasts, acquiring Spectrum Tower in Laguna Hills, Calif., and Beauregard Office Park in Alexandria, Va.
Disneyland-Area Sheraton Lands $21M Financing
Continental Partners has secured a five-year, fixed-rate loan for the 285-key Sheraton Garden Grove-Anaheim South Hotel. The financing will also serve to pay off a mezzanine loan.
Rexford Snags $36M SoCal Industrial Assets
The two fully leased properties are part of the South Bay and Orange County West submarkets, which had vacancy rates of 0.6 percent at the end of the first quarter of 2017.
NAI Seals OC’s Largest Single-Tenant Deal in 25 Years
The company represented J.C. Penney Properties Inc. in the $131.3 million sale and short-term leaseback of their distribution center in Buena Park, Calif., which spans more than 1 million square feet.
Faris Lee Secures Buyer for OC Mixed-Use Asset
Raintree Evergreen LLC acquired the 14,900-square-foot retail and office property in Dana Point, Calif., for $6.6 million, which represents a 5.5 percent cap rate.
Passco Creates Corporate Marketing VP Role
With more than a decade of commercial real estate experience, Stacy Stemen will oversee all aspects of marketing, public relations, special events, conferences and business development for the firm.
Cress Expands Western Portfolio With $110M Buy
The company has acquired more than 800,000 square feet of office and flex industrial space in Southern California and Colorado in two transactions.