Home News Days Inn near Disneyland sells after 39 years without renovation – Orange County Register

Days Inn near Disneyland sells after 39 years without renovation – Orange County Register

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The 44-room Days Inn by Wyndham near Disneyland in Anaheim has sold for $8.6 million, according to the Mogalevi Group.

Located on the northwest corner of Disneyland Drive at 1030 West Ball Road, this hotel was built in 1983 and has not been renovated since. Amenities include complimentary breakfast and Wi-Fi, on-site parking, and a coin-operated laundry room.

TMG did not identify the buyer, only stating that the investor is an Orange County-based real estate syndicate group.

Executive Vice President Otto Ozen said: President of TMG.

This 60-year-old multifamily home in Westminster sold to an unidentified Orange County investor for $5.96 million, or $298,000 per unit. (Courtesy of Cushman & Wakefield)

Refurbished Westminster apartment sells for $6 million

According to Cushman & Wakefield, Westminster’s updated 60-year-old apartment complex sold for $5.96 million, or $298,000 per unit.

Cushman’s broker does not identify buyers and sellers. However, the buyer was described as a “local resident and investor” in Orange County who executed the 1031 exchange.

Mark Bridge of Cushman & Wakefield’s Multifamily Advisory Group in Orange County represented both parties in this transaction.

“This property provided investors with an excellent opportunity to acquire a quality apartment property with high occupancy rates and convenient rental locations,” Bridge said.

The property at 8361 15th St. has 8 one bedroom, 1 bathroom units and 12 2 bedroom, 1 bathroom units. Built in 1963, the building has an on-site laundry room, updated courtyard, and 30 allotted parking spaces.

Renovations included a new roof, new asphalt and new landscaping.

A two-story R&D building at No. 6 Thomas near Irvine Spectrum has been sold to MP Biomedicals for $11 million, according to a NAI Capital commercial.  (Provided by NAI Capital)
A two-story R&D building at No. 6 Thomas near Irvine Spectrum has been sold to MP Biomedicals for $11 million, according to a NAI Capital commercial. (Provided by NAI Capital)

Irvine R&D building sells for $11 million

A two-story R&D building at No. 6 Thomas near Irvine Spectrum has been sold to MP Biomedicals for $11 million, according to a NAI Capital commercial.

The 1.5 acre building was vacant at the time of sale. The new owners will occupy part of the building and lease the remaining space to tenants in the life sciences/biomedical industry, according to the NAI broker.

CBRE represented the seller, Alexandria Real Estate Equities.

Second Drift Hotel to Debut in Santa Barbara

Irvine-based TMC Hospitality will open its second boutique hotel under the Drift brand in downtown Santa Barbara this fall.

Housed in a 1920s building, the 45-room hotel has been renovated in a Mediterranean design in partnership with architectural firm ANACAPA.

The concept of drift is TMC said when the first concept debuted, intended for “social group travelers looking to get off the beaten path”. According to the company, the hotel will feature minimalist décor using locally sourced materials.

Night at the Fight turns 30

Want to see commercial real estate executives put on the real gloves and go public with it?

NAIOP SoCal will host its 30th annual Night at the Fight on October 6th at the OC Fair & Events Center in the Hangar Building in Costa Mesa.

The annual Black Tie Gala features two professional boxing matches and two matches by local Southern California real estate industry professionals.

Local boxers who dare to step into the ring are FCL Builders’ Charles Banks vs. Kidder Matthews’ Stephen Madigan and Belcadia’s Jack Carder vs. Pacific Southwest Realty Service’s David Sarnoff.

This year’s event will celebrate the Star Wars theme all night long with main event, sit-down dinner, casino, music, cigar lounge, cocktails and an after party with industry networking.

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