Meridian and Harrison Street purchase Orange County building for medical office conversion

NEWPORT BEACH, Calif. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has closed escrow on the purchase of a 110,400-square-foot, four-story Class-A office building in Irvine, California in a joint venture with Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets. The […]

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New construction Chase Bank in Orange County sells for $5.1 million

ANAHEIM, Calif. — Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has arranged the purchase of a newly constructed, single-tenant Chase Bank in Anaheim, California, located five minutes from Disneyland. The purchase price was $5.1 million for the absolute triple-net ground lease. LEADING […]

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Built in 2000 for a culinary arts school, SOCO property sells for $20.35 million

NEWPORT BEACH, Calif. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has closed escrow on the purchase of a 53,500-square-foot, two-story medical office building in Santa Ana, California. The purchase price was $20.35 million and Meridian plans to invest an additional $5 million in building improvements. LEADING THE […]

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Finalists announced in construction “Innovation Challenge” competition

KTGY Architecture + Planning announced today that the National Multifamily Housing Council (NMHC) has named its five finalists for its 2019 Innovation Challenge competition with KTGY receiving two finalist honors for “Park House | A Housing Solution for Repurposed Parking Structures” and “High Design, Accelerated Construction.” Every year, the Challenge seeks innovative solutions to vexing apartment industry challenges. This year’s […]

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Space Investment Partners acquires Westport Plaza & Square for $18.4 million

IRVINE, Calif. — Space Investment Partners, an Irvine-based fully-integrated investment, development, and management company, has announced the acquisition of Westport Plaza & Square, a 39,000-square-foot leasehold retail center located in the heart of the E. 17th Street retail corridor at 369 E. 17th Street in Costa Mesa, California. The purchase price was $18.4 million. LEADING THE RCNS HEADLINES: San Jacinto […]

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Four-tenant Huntington Beach building at Sprouts center sells for $4.1M

HUNTINGTON BEACH, Calif. – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm arranged the sale of a multi-tenant shop building shadow-anchored by Sprouts Farmers Market in Huntington Beach, Calif. The sale price was $4.1 million, representing a cap rate of 4.94%. LEADING THE […]

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Two riders airlifted after major Hwy 74 motorcycle wreck

ORTEGA HIGHWAY — Two motorcyclists were seriously injured and airlifted after being involved in a two-vehicle wreck on the Ortega Highway, between Riverside and Orange counties this morning, Sunday, March 17. The crash happened along a particularly winding section in the 34000 block of Hwy 74, just west of Ortega Falls, according to a CHP incident log and Cal Fire […]

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3 officers injured, suspect dead, after violent OC neighborhood rampage

FULLERTON — Authorities are investigating the in-custody death of a man who was apprehended last Monday after going on a violent neighborhood rampage and attacking City of Fullerton police officers who responded to the scene. During last week’s melee, officers deployed several less-lethal options, including firing a “sponge gun” and multiple tasers while trying to gain control of the violent […]

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TUSTIN: One dead after car plows into back of big-rig parked along I-5

TUSTIN — One person died after a car veered off the southbound 5 Freeway near the Tustin Ranch Road off-ramp and plowed full speed into the back of a tractor-trailer semi-truck. According to CHP, the big-rig had been stopped and legally parked, completely off the highway and on the freeway’s shoulder, when the small sedan smashed into the truck’s trailer. […]

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ORANGE: Dramatic, fatal officer-involved shooting caught on camera

ORANGE, Calif. – A man who was armed with a knife while sitting inside a locked minivan with a can of gasoline and a lit cigarette was fatally shot by City of Orange police officers during a violent, early-morning incident, Monday, March 13. The deadly shooting happened during a traffic stop near a 24-hour laundromat, a convenience store, several restaurants, and other […]

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