City: Yorba Linda

A venture between Harbor Associates and Farallon Capital Management has paid $81 million, or $289.29/sf, for the Yorba Linda Commerce Center, a 280,000-square-foot industrial complex in the Orange County, Calif., city of Yorba Linda. The venture bought the 10-building property, ...

Home Ranch Commons, about 37 miles southeast of Los Angeles, underwent renovations in 2018 and is fully occupied by tenants that include Blue Agave, YL Family Chiropractic, Bodhi Leaf Trading Co., Coder School and Torkian Aesthetic Center.

The Los Altos, Calif., investment and management firm purchased the property from Resource REIT of Philadelphia, which had acquired it in 2015 for $118 million.

91 percent occupied. HFF arranged a 10-year, $10.2 million loan from Chase Commercial Mortgage. The proceeds paid off a line of credit that Berkeley used for the acquisition.

fully occupied.

The buyer structured the acquisition as part of a tax-deferred exchange and assumed a $14.2 million mortgage that was securitized via ML-CFC Commercial Mortgage Trust, 2006-4. It carries a coupon of 5.97 percent and matures in 2016.