Coventry Court, a 240-unit mixed-income senior housing community in Tustin Ranch, has traded hands for $83 million, according to a July 16 announcement. Los Angeles-based Meta Housing Corp. sold the property, located at 16000 Cambridge St., to New York-based Jonathan Rose Cos. LLC, a national real estate firm focused on Read More
IDI Logistics, an Atlanta-based developer of distribution, manufacturing and warehouse facilities, sold a 290,920-square-foot industrial building it owned in Buena Park to Stockbridge Capital Group LLC for $99.5 million, the biggest industrial deal of the second quarter. The property sold for $342 per square foot, according to a grant deed Read More
A major manufacturer of herbal extracts is the new owner of a 130,925-square-foot warehouse in Brea. China-based Jiaherb Inc. paid $54 million, or $410 per square foot, for a recently built warehouse at 2929 E. Imperial Highway in Brea — about a mile from Beckman Coulter Diagnostics’ local headquarters. The Read More
The Bascom Group, an Irvine-based real estate investment company, sold a 114-unit senior living apartment complex in Huntington Beach for $35 million, pr $307,018 per unit, according to CoStar data. The buyer was not disclosed. Huntington Breeze at 16171 Springdale St. had been under The Bascom Group’s ownership ins 2014, Read More
Orange Bakery, a producer and distributor of frozen pasties, danishes, croissants and specialty breads, is the new owner of a 54,088-square-foot distribution building at 17751 Cowan in Irvine. The Irvine-based pastries producer bought 17731 Cowan for $30.7 million, or $566.67 per square foot. Xebec, a Dallas-based real estate investment company, Read More
Newport Beach-based CapRock Partners announced today it bought Kennedy Greens Distribution Center, a 524,199-square-foot industrial facility in Houston. Terms of the deal were not disclosed. CoStar data shows the most recent owner was Illinois-based Janko Group. The purchase marked CapRock’s entry into the Houston market. Kennedy Greens Distribution Center, located Read More
Coventry Court, a 240-unit mixed-income senior housing complex in Tustin, was sold for $83 million, it was announced today. Los Angeles-based Meta Housing Corp. sold the senior housing development, which is located at 16000 Cambridge St. in Tustin, to New York-based Jonathan Rose Cos. Coventry Court opened in 2013 and Read More
Irvine-based Shopoff Realty Investments announced today it secured $52 million in financing from Peachtree Group to develop The Block at Elliot in Mesa, Arizona. The financing would help Shopoff Realty fund the next stage of development at The Block, which includes 270 acres of undeveloped land. That next stage of Read More
Matt Renault and Spencer Moran thought they found their lane in office coworking spaces. Then, COVID-19 and a difficult office market forced their hands. Renault and Moran used the pandemic as an opportunity to pivot the mission of the construction company they founded in 2017. Irvine-based RAM Construction LLC, ranked Read More
A portion of an eight-floor office building near John Wayne Airport could be converted into 75 apartment and townhome units. The Irvine Planning Commission, on June 5, recommended a proposal to convert the first four floors of an eight-story office building at 1901 Main St. in the Irvine Business Complex Read More
