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Top stories related to Buchanan and our ongoing investments activities. Read on to hear what the world is saying about Buchanan.

Phoenix Business Journal – Delayed Thirsty Lion starts construction on latest Valley gastropub; more real estate deals to know

Among the other deals in in this week's Valley real estate roundup: A Phoenix retail center anchored by a Costco Business Center has sold for $17.25 million.

Connect CRE – Two New Phoenix-Area Self-Storage Facilities Change Hands

Buchanan Street Partners paid $41 million for the two projects. These are Buchanan’s first storage acquisitions within the greater Phoenix MSA. The seller was Garrett Development Corporation. The projects are in Cave Creek and Mesa. The facilities total 160,500 rentable square feet and 1,620 units. The properties were acquired at a total purchase price of $255 a square foot.

Buchanan Street Partners Acquires Two Self-Storage Facilities in Phoenix MSA

Newport Beach, CA (June 21, 2023) – Buchanan Street Partners, L.P. (Buchanan), a Newport Beach, CA-based real estate investment management firm, has acquired two recently constructed Class A self-storage facilities in the Phoenix MSA. Located at 29640 N Tatum Blvd, Cave Creek, AZ and at 2862 S Signal Butte Rd, Mesa, AZ, the facilities total 160,500 rentable square feet and 1,620 units. The properties were acquired at a total purchase price of $41 million or $255 PSF. The seller was Garrett Development Corporation, and the transaction was brokered by CBRE’s Nick Walker and Walter Brauer. The acquisitions represent an entrance into a new market for Buchanan’s self-storage team as these two properties are Buchanan’s first storage acquisitions within the greater Phoenix MSA

Rebusiness Online – Buchanan Street Partners Sells Newport Beach Office Space for $20.4M

NEWPORT BEACH, CALIF. — Buchanan Street Partners has sold a two-building, 42,697-square-foot office property to a private Newport Beach real estate firm for $20.4 million. Buchanan purchased the offices in 2020 for $11.5 million. Located at 1400 and 1420 Bristol St. N., the property was 22 percent leased at the time of sale. Buchanan had initially planned to carry out an adaptive reuse initiative at the property until the buyer, a residential developer, showed interest.

Connect Cre – Newport Beach Office Building Trades for $20M

A private Newport Beach, CA real estate firm has acquired a two-building, 43,000-square-foot office property from Buchanan Street Partners for $20.4 million. Located at 1400 Bristol Street North and built in 1970, the asset was 22% leased at the time of sale. Buchanan Street purchased the property in 2020 for $11.5 million with plans to execute an adaptive reuse

The Orange County Register – Newport Beach offices sold to housing developer

Let’s call this one a Newport Beach trifecta with yet more office space yielding to housing. Newport Beach-based Buchanan Street Partners sold a two-building, 42,697-square-foot office property in Newport Beach to an unidentified Newport Beach real estate firm for $20.4 million.

The registry Southern California Real Estate – Buchanan Street Partners Sells 42,697 SQFT Office Property in Newport Beach for $20.4MM

Newport Beach, CA (March 9, 2023) – Buchanan Street Partners, a Newport Beach, California-based real estate investment management firm, sold a two-building, 42,697-square-foot office property to a private Newport Beach real estate firm for $20.4 million. Buchanan purchased the offices in 2020 for $11.5 million with plans to execute an adaptive reuse plan for the property located at 1400 and 1420 Bristol Street North. Built in the late 1970s, it was 22 percent leased at the time of sale.

Buchanan Street Partners Sells Newport Beach Office Space for $20.4 Million

Newport Beach, CA (March 9, 2023) – Buchanan Street Partners, a Newport Beach, California-based real estate investment management firm, sold a two-building, 42,697-square-foot office property to a private Newport Beach real estate firm for $20.4 million.

Orange County Business Journal — Buchanan Street Partners Welcomes a New Senior Fund Accountant

Buchanan Street Partners, a nationally recognized real estate investment firm based in Newport Beach that focuses on making debt and equity investments in commercial and multifamily real estate, has announced the hiring of Merle Perez.

The Orange County Register – Buchanan Street Pays $28M for Laguna Hills Office

Buchanan Street Partners has paid $28.1 million for a 120,354-square-foot office property in Laguna Hills, with plans to convert it into a medical office facility. The deal marks the real estate investment firm’s third local acquisition in about six years, and will be the company’s second office conversion in the works locally.

The Orange County Register – Real estate news: Laguna Hills office complex sells for $28 million

Newport Beach-based Buchanan Street Partners has acquired Oakbrook Plaza, a four-story office property in Laguna Hills, for $28 million. The building at 24422 Avenida De La Carlota was bought from an unidentified New York City-based fund manager in an off-market transaction, according to Buchanan Street.

Rebusiness Online – Buchanan Street Partners Purchases Oakbrook Plaza Office Building in Laguna Hills, California for $28.1M

LAGUNA HILLS, CALIF. — Newport Beach-based Buchanan Street Partners has purchased Oakbrook Plaza, an office building located at 24422 Avenida De La Carlota in Laguna Hills. A New York City-based fund manager sold the property for $28.1 million in an off-market transaction.

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