Anaheim Office Building in Link OC Sells for $31.2 Million
An office building in Anaheim’s Link OC office complex has been sold for $31.2 million, according to Cushman & Wakefield. The four-story building, known as “1065 Link,” is leased to various state divisions, including the Workers’ Compensation Appeals Board and the Department of Industrial Relations. Washington, D.C.-based Easterly Government Properties was the buyer. The Class A office building, completed in 1991 and updated in 2020, features a newly renovated lobby and exterior common areas. Cushman & Wakefield represented the seller, a partnership consisting of a real estate investment, development, and management firm and a global investment manager.
MCA Realty Sells Washington Industrial Complex for $13.75 Million
MCA Realty, based in Orange, has sold Spectrum Business Park, a six-building industrial complex in Federal Way, Washington, for $13.75 million. The complex, spanning 68,911 square feet and completed in 1978, was fully leased at the time of the sale. MCA Realty purchased the business park in September 2021 and invested around $500,000 in capital improvements, focusing on the buildings’ exteriors, select interiors, and campus landscaping. The buyer, who remains unidentified, acquired the complex as part of a 1031 exchange. MCA Realty stated that this sale was the fifth property sold in its Industrial Growth Fund.
Watermark Laguna Niguel Welcomes New Executive Director
Christopher Tharp has been appointed as the executive director of Watermark Laguna Niguel, a senior living community opening in November. Tharp previously served as executive director at senior living communities in Carlsbad and Charleston, S.C. Joining Tharp at Watermark Laguna Niguel are Hector Gonzalez as Community Life director and Ashely Davidson as the community’s wellness director. The senior living community will offer luxury amenities, wellness programs, and a high-end dining venue called Seasons. It will also provide assisted living and memory care units with 24/7 concierge services. For more information, visit tinyurl.com/mrx6sw55.
Trumark Homes Expands into Central California with Wathen Castanos Homes Acquisition
Trumark Homes, headquartered in Newport Beach, has expanded its operations into Central California through the acquisition of Wathen Castanos Homes. The terms of the deal were not disclosed. The acquisition aligns with Trumark Homes’ strategic goals, according to Gregg Nelson, co-founder and co-CEO of Trumark Cos. Wathen Castanos Homes, established in 1983, builds new homes in San Luis Obispo, Monterey Bay, Clovis, Fresno, and Madera.
Industry Professionals on the Move
Granite Properties’ senior managing director and Southern California market leader, Jason Purvis, has assumed additional responsibilities as the head of Capital Raising for the firm. Shopoff Realty Investments has promoted Jo Merriman to executive vice president of operations and investment services. Dhruv “DJ” Jain has joined KSL Resorts as the director of investments and business development. Patrick Sinderhoff is now the senior land acquisition manager at Highpointe Communities, responsible for sourcing land opportunities and financial modeling in Southern California and Central Texas. Mike Wentworth has been promoted to senior vice president of property management at Westar Associates, overseeing the company’s retail portfolio in Southern California and the Central Coast.
Upcoming Event: Century 21 Discovery Charity Dinner and Auction
The 28th annual charity dinner and auction hosted by Century 21 Discovery will take place on November 14 at the Coyote Hills Golf Course in Fullerton. The event aims to benefit the Discovery Charity Foundation, a nonprofit organization that supports charities in north Orange County. Over the past 27 years, the foundation has raised $450,000 for local charities. This year’s recipients include Boys and Girls Clubs of Fullerton, Hope Center, Meals on Wheels of Fullerton, National Giving Alliance Fullerton (NGA), Providence St. Jude Memorial Foundation, Radiant Futures (formerly WTLC), and Tara’s Chance. Tickets are priced at $75 per person. For more information, call 714-626-2888 or visit www.c21discoverycharityevent.com.
Real Estate Transactions and Industry Updates
This section features real estate transactions, leases, new projects, industry hires, new ventures, and upcoming events. Press releases and high-resolution photos can be submitted via email to Business Editor Samantha Gowen at [email protected]. Please allow at least a week for publication. All items are subject to editing for clarity and length.
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