August 25, 1998
The Southern California Industrial Fund has completed a $35-million acquisition of an industrial portfolio in Commerce and Vernon. The purchase comprises eight buildings totaling 1,017,000 square feet. SCIF is a joint venture between the Magellan Group in Century City and the Bascom Group in Irvine. David Hasbrouck of Cushman & Wakefield represented SCIF and seller Harvey Investments/Warschaw Properties in the transaction.
November 13, 2001
Glenborough Realty Trust of San Mateo bought LNR Newport Plaza, a 106,902-square-foot office building at 895 Dove St. in Newport Beach, from Lennar Partners for $26.5 million. The seller was represented by Gregg Herbert, Jeff Hanson, Mike Dorsey and Dave Kinney of Grubb & Ellis, along with Bill Smith of Lennar Partners. Steve Mooradian and Joe McKay of Lee & Associates represented the buyer.
August 28, 2001
Lend Lease Real Estate Investors of San Francisco acquired the 245-unit Rancho Valencia Apartments at 9155 Central Ave. in Garden Grove for $23.2 million from Bascom Group of Irvine. Baron Jones, Jerry Giglio, William DuBrowa and Arlan Murata of Grubb & Ellis represented the buyer and the seller. San Marcos Plaza LLC of Irvine bought the 160,567-square-foot San Marcos Plaza at 330-340 Rancheros Drive in San Marcos for almost $8.5 million from Island Realty of La Jolla.
March 5, 2002
Granite Investment Group of Irvine purchased the 99-unit Cynthia Circle Apartments at 11050 Cynthia Circle in Garden Grove from Irvine-based Bascom Group for $11.2 million. Bruce Furniss, David Casper, Michael Shustak and John Nguyen of Grubb & Ellis represented the buyer and the seller. The Larkey Trust bought a 47,404-square-foot shopping center at the northwest corner of Willow Street and Long Beach Boulevard in Long Beach from CTA Wrigley for $7.5 million.