Orange City Square, a mixed-use office complex in Orange, traded hands Dec. 19, selling for $89 million.
The buyer was MGR Real Estate in Ontario. The seller, who was not identified, was represented by Newmark.
The sprawling complex at 750, 770, 790 and 840 The City Drive spans 394,000 square feet on 14.1 acres
“The property’s high-quality construction, diverse tenant mix, and strategic location make it highly attractive to investors seeking stability and long-term growth in a supply-constrained market,” said Tony Hermosillo, vice president of MGR, in a statement.
Michael G. Rademaker, founder and chief executive of MGR, said he plans to maintain current operations, while enhancing the tenant mix, and making “selective improvements.”
In May, MGR Real Estate acquired the decommissioned, 269-acre Vellano Country Club golf course in Chino Hills. Terms of that acquisition were not disclosed by the brokerage, which said it would update the clubhouse currently leased to Wedgewood Weddings.
Irvine airport property sells for $9.2 million
A 26,481-square-foot creative office building in the Irvine Airport submarket sold in early December for $9.2 million, according to NAI Capital Commercial.
The buyer was listed as Bluetree Management LLC, according to PropertyShark.com records.
The two-story building at 18012 Cowan was built in 1985 before being renovated in 2020, according to NAI. It features subterranean parking and office space with exposed ceilings, an open-concept kitchen and an elevator serving the subterranean parking garage to the first and second floors.
The property also has four second-floor outdoor patios.
“This asset is a rare find in the highly competitive Irvine Airport submarket …,” said John Manion, an executive vice president at NAI.
The building is situated off Red Hill and Main Street, offering close proximity to John Wayne Airport and retail centers, the 405, 73, and 55 freeways.
On the move
Kristi Allen, executive vice president of hotels at Ensemble in Long Beach, is the new chairwoman of the California Hotel & Lodging Association for 2026. She will lead a 33-member board representing California’s $18 billion hotel industry and its more than 235,000 employees statewide. At Ensemble, Allen oversees a growing hospitality portfolio generating more than $200 million in annual revenue. She is also a past board member of the Long Beach Convention and Visitors Bureau and former chair of Downtown Long Beach Alliance.
Maurice Nieman recently joined NAI Capital Commercial’s Investment Services Group as executive managing director in the Orange County office. He has at least 35 years of real estate and executive experience, specializing in single-tenant, multi-tenant, and net leased investment sales. Previously, Nieman was executive managing director at Savills North America.
Ian Diaz, Tyler Gebauer and Sean Harlow all recently joined SRS Real Estate Partners in Newport Beach. Diaz and Gebauer were hired as vice presidents and Harlow as an associate. All three were previously with Marcus & Millichap. Diaz and Gebauer will focus on industrial real estate transactions in the region. Harlow will specialize in commercial investment and leasing.
HIG collects nearly $30K for Movember
Hanley Investment Group Real Estate Advisors raised $29,252 during its 15th annual Movember fundraising campaign.
Themed “Mo’ments in Time,” the fundraiser challenges team members to grow their mustaches with contributors urging them along.
Since 2011, HIG says it has raised a combined $429,092 for Movember. The charity is focused on improving men’s health by funding education and research for prostate cancer, testicular cancer and mental health.
Ed Hanley, HIG president of Hanley Investment Group, lost his father to prostate cancer in 2009, making the annual campaign a deeply personal commitment.
“Raising nearly $30,000 this year is a powerful reminder of the impact we can make together,” he said.
For more on the firm’s fundraising campaign, go to us.movember.com/team/2234814
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.