Harbor Associates LLC has sold a vacant Santa Ana office building at 2020 E. First St. to homebuilder Meritage Homes for $19.2 million. The site is approved for conversion into 86 townhomes and live-work units, reflecting a growing trend in commercial real estate redevelopment.
A two-tower Class A office complex at 5000 Birch St. near John Wayne Airport in Newport Beach sells for $33 million.
Newly built Carson warehouse sold for $52.5 million ($410/sq ft) by Rexford Industrial; buyer plans significant cold storage conversion for food operations.
Nissan’s Riverside distribution center sold for $132 million to North Haven Net REIT in a sale-leaseback deal.
Urban and resort new development marketing and sales leaders Mike Leipart, Andrew Wachtfogel and Wade Hundley, along with seasoned real estate brokerage operator Shane Farkas, have launched Redeavor, a groundbreaking real estate firm specializing in development sales, advisory services and capital investment.
Formerly home to Amway’s SoCal operations, the infill project will bring residential units to Orange County
Los Angeles-based Rexford Industrial completes a $50.9 million sale of a 102,299 sq ft industrial property in Lake Forest.
Nightfood Holdings to acquire Victorville Holiday Inn for $41M, planning extensive renovations, Courtyard rebranding, and implementation of cost-saving robotic technologies.
Barker Pacific Group and Kingsbarn Realty Capital acquire Mission Ridge, a Class A office complex in Mission Viejo, for $32 million.
Essex Property Trust completes a major $239.6M sale of Santa Ana condo towers, alongside other significant acquisitions and dispositions in California.
The office building at 1601 Vine in Hollywood was acquired by Kingsbarn Realty Capital for $105 million.
Burlington Distribution acquired the 889,445-square-foot warehouse at 21600 Cactus Ave. in Riverside from BlackRock for $257 million, or $289 per square foot.
Community Preservation Partners, an affordable housing preservation developer with offices in Irvine, announced the acquisition and planned renovation of Ramona Park, an affordable housing complex in Baldwin Park for $23.3 million.
