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Real Estate

July 21, 1994|Debora Vrana, Times staff writer

Deals in the Making: Makena Properties, an investment firm in San Juan Capistrano, has purchased McFadden Plaza, a 272,302-square-foot retail center in Santa Ana for $9.25 million, and Voit Commercial Brokerage represented the seller, Western and Southern Life Insurance Co. of Cincinnati.

Besides that deal, Voit's Anaheim office has closed more than $21 million worth of sales in office and industrial properties, said David Elliott, managing partner of the office. Elliott said the deals were significant because they were all so-called "REO properties" or properties owned by mortgage lenders after the borrower defaults on a loan. . . .

Carson Estate Co., a real estate investment firm in Rancho Dominguez, has purchased a 112,270-square-foot industrial building in the Santa Ana Enterprise Zone for $4.2 million, according to Grubb & Ellis Commercial Real Estate Services in Newport Beach.

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