ANAHEIM, CA-The 282-unit complex was 95% occupied at the time of sale. The buyer, Cadigan Arbor Park GP, has increased its portfolio by nearly 50% with this acquisition.
ANAHEIM, CA-De Young Construction Co. scoops up the 4.1-acre parcel and plans to build a mixed-use project on the site. Two restaurants currently stand on the property.
WESTMINSTER, CA-Bixby Land Co. pays $6.3 million for the 68,708-sf office building. In September, Sares-Regis Group sold a Westminster industrial facility for $5.4 million to its former tenant, Pyramid Logistics.
FULLERTON, CA-The 30-unit multifamily complex, located in the 1000 block of Malden Avenue, has been snatched up by Malden Terrace LLC. The seller was Ed Raymond.
ORANGE COUNTY, CA-The decline, the first in five years, has led analysts to predict a decrease in total civilian employment growth and more economic slowdown in the Southern California region in the next three to six months.
TRABUCO CANYON, CA-The buyer, Ephram Nehme, pays $8.4 million for the property, which is fully occupied. Anchor tenants Albertsons and Sav-On were not included in the transaction.
SAN CLEMENTE, CA-The buyer, Steven Delson, also acquires a neighboring bowling alley as well. The historic theater dates back to 1937. Both properties are being eyed for redevelopment.
BREA, CA-A private investor bags the 19,322-sf office and retail facility, which is part of the Birch Street Promenade. Tenants here include Ann Taylor, Gaucho Grill and Century 21.
TUSTIN, CA-Tustin-based Kensington Real Estate Group gets $13.5 million for the Chino Hills property. The retail complex was repositioned under Kensington's ownership.
COSTA MESA, CA-The Costa Mesa theater undergoes a $600,000 stadium seating retrofitting, as part of its recently completed renovation. Other improvements include the addition of a video arcade and more restrooms