(Mark Your Calendars: RealShare Orange County, August 18 in Newport Beach).

ANAHEIM HILLS, CA-Realm Real Estate LLC, a joint venture of Realm Real Estate and the Bascom Group, has acquired the 75,000-square-foot Anaheim Hills Office Plaza at 160 N. Riverview Dr. for $13 million in a foreclosure sale. The building was developed in 2008 and is 100% leased.

Darrin Olson, principal of Newport Beach-based Realm Group, explained the history of the project: “Although developed as a high-quality office property in the desirable Anaheim Hills submarket, the building suffered from the effects of the recession when it was delivered for occupancy and was subsequently foreclosed on by the lender.” Olson called the acquisition “a compelling opportunity to acquire a new, fully occupied building at a substantial discount to replacement cost.”