Luxury apartments developed by MBK Rental Living in Anaheim are open and leasing.
Rent for apartments at the Zia range from $2,680 for one-bedroom units, $3,167 for two bedrooms and $4,886 for three. Studio units start at $2,582 monthly.
The four-story complex at 1600 W. Lincoln takes the place of a former auto dealership, its auto/recreational vehicle storage, sales lot and repair facility. MBK Realty paid $21.4 million for the land, according to TheRealDeal. MBK’s redevelopment plan for apartments got the city’s OK in 2020.
Zia touts 315 units and a host of amenities ranging from a two-story gym with yoga and Jiu-Jitsu spaces; a pool with barbecue area, spa, and cabanas. The campus also features courtyards, a game lounge, co-working space, a meditation path and a dog spa and dog park with agility equipment.
Zia is a joint venture between MBK Rental Living and Haseko Corp. Project partners included the Orange-based architectural firm AO, landscape architect Sitescapes, interior designer Design-Art and property manager Greystar.
The Anaheim complex is one of several new luxury apartment properties that have opened in 2024. Also in the mix are Rafferty and The Row at Red Hill on opposite sides of Santa Ana.
Rafferty in downtown Santa Ana stands eight stories tall with 218 units ranging from studio to two-bedroom apartments. Renting one of these well appointed spaces (from studio to two bedrooms) will cost tenants anywhere from $2,426 to $6,550 monthly.
The Row – developed by Greystar and touted as its “largest and most ambitious mixed-use project to date” – is under construction at the corner of Red Hill and Warner avenues. One building in the complex is open and leasing with rents from $2,810 for a single bedroom unit to $4,600 for two-bedroom apartments.
4 multifamily properties sell for $18 million
Four smaller apartment complexes near the beach in Surf City recently changed hands for a combined $18 million.
All the deals were represented by CBRE, which noted the separate transactions included a combined 34 units.
CBRE said the sales marked the first time the properties, built in the early 1970s, were listed for sale. The seller was an unidentified family trust.
The breakdown of sales, per CBRE:
212 15th St.: An eight-unit property with 6,538 rentable square feet sold for $3,850,000.
125 16th St.: The 18-unit property sold for $8,650,000.
317 & 321 22nd St.: Two neighboring fourplexes sold for a combined $5,425,000.
“The coastal Huntington Beach market continues to demonstrate robust demand for well-located multifamily assets,” said CBRE Executive Vice President Dan Blackwell. “These sales validate the strong interest from investors seeking quality properties in prime coastal locations.”
Enso Logistics recently signed a lease for this 45,000-square-foot freestanding industrial building at 1830 Raymer Ave. in Fullerton. (Photo courtesy of JLL)
Logistics firm leases in Fullerton
Enso Logistics in Lake Forest is moving to Fullerton.
Helmed by Todd “Jake” Jacobsen, the company recently signed a lease for a 45,000-square-foot freestanding industrial building at 1830 Raymer Ave.
The building includes six dock-high loading doors, three oversized grade-level doors, fenced yard area, fire sprinkler system, and a new roof.
Enso offers logistics, warehouse and transportation services to its clients, many of whom are in the action sports category. Those clients include Billabond, OluKai, O’Neill, Stance and Volcom. “From pen and paper, to hammer and nails, we have the resources and talent to create a one-of-a-kind retail space,” the company states on its website.
JLL represented the Enso Logistics in the lease. The landlord, LBA Realty, was represented by CBRE.
“Despite some softening in Orange industrial leasing, the market remains one of the strongest in the United States,” said Xavier Nolasco, a senior vice president at JLL. “We continue to see moderate demand from a wide range of firms including logistics, aerospace, and automotive.”
The Bricks, a 44,637-square-foot office and medical building at 18302 Irvine Blvd. in Tustin, recently sold for $8.5 million. (Photo courtesy of CBRE)
Bricks building in Tustin sells for $8.5 million
The Bricks in Tustin recently sold for $8.5 million.
CBRE represented the unidentified seller for the 44,637-square-foot multitenant office and medical building at 18302 Irvine Blvd.
“Our team ran an extensive and thorough marketing and sales process, and despite market headwinds, ultimately secured a successful 1031 buyer looking for quality real estate,” said Anthony DeLorenzo, a vice chairman at CBRE. “We are seeing strong demand from private capital and 1031 investors across asset classes and expect that trend to continue for the foreseeable future.”
The three-story building was nearly fully occupied at the time of the sale. The property built in the 1980s is near Old Town Tustin, between Newport Avenue and Irvine Boulevard.
San Diego CRE brokerage expands to Irvine
A San Diego-based commercial real estate brokerage helmed by an up-and-coming millennial recently expanded to Orange County.
JLM Real Estate launched its new office near the Irvine Spectrum Center at 101 Pacifica.
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The firm’s founder and chief executive is 27-year-old Jason Lee, who says he has completed more than 200 transactions and successfully closed over $400 million in transactions over the last five years.
“Our new office in Irvine allows us to help more young agents break into the industry while continuing to deliver exceptional results for our clients,” Lee said in a statement.
The real estate roundup is compiled from news releases and written by Business Editor Samantha Gowen. Submit items and high-resolution photos via email to sgowen@scng.com. Please allow at least a week for publication. All items are subject to editing for clarity and length.
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