{"id":1004194418,"date":"2017-10-20T01:34:00","date_gmt":"2017-10-20T09:34:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004194418"},"modified":"2022-12-08T18:08:21","modified_gmt":"2022-12-09T02:08:21","slug":"hines-goldman-sachs-pick-up-oc-office-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-goldman-sachs-pick-up-oc-office-park\/","title":{"rendered":"Hines, Goldman Sachs Pick Up OC Office Park"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004194419\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/4000-MacArthur-in-Newport-Beach-Calif..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004194419\" data-attachment-id=\"1004194419\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hines-goldman-sachs-pick-up-oc-office-park\/4000-macarthur-in-newport-beach-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/4000-MacArthur-in-Newport-Beach-Calif.-e1508423949552.jpg\" data-orig-size=\"1270,948\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"4000 MacArthur in Newport Beach, Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;4000 MacArthur in Newport Beach, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/4000-MacArthur-in-Newport-Beach-Calif.-e1508423949552.jpg?w=1024\" class=\"wp-image-1004194419 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/4000-MacArthur-in-Newport-Beach-Calif.-e1508423949552.jpg\" alt=\"4000 MacArthur in Newport Beach, Calif.\" width=\"300\" height=\"224\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/4000-MacArthur-in-Newport-Beach-Calif.-e1508423949552.jpg 1270w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/4000-MacArthur-in-Newport-Beach-Calif.-e1508423949552.jpg?resize=300,224 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/4000-MacArthur-in-Newport-Beach-Calif.-e1508423949552.jpg?resize=768,573 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/4000-MacArthur-in-Newport-Beach-Calif.-e1508423949552.jpg?resize=1024,764 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004194419\" class=\"wp-caption-text\">4000 MacArthur in Newport Beach, Calif.<\/p><\/div>\n<p>Hines teamed up with an affiliate of Goldman Sachs &amp; Co. to purchase 4000 MacArthur, a two-building office park in Newport Beach, Calif. Hines and a subsidiary of a fund managed by Oaktree Capital originally <a href=\"https:\/\/www.commercialsearch.com\/news\/4000-macarthur-office-project-in-newport-beach-trades-hands\/\">acquired the asset<\/a>\u00a0in 2015.<\/p>\n<p>Located at the intersection of Jamboree Road and MacArthur Boulevard, the 376,000-square-foot asset offers convenient access to Interstate 405. Completed in 1979, 4000 MacArthur was fully renovated in 2012. The property was 99 percent leased at the time of sale. Tenants include Hyundai Capital America, MACOM Technology and Lifescript.<\/p>\n<p>During the time Hines and Oaktree owned and managed the Class A asset, the two companies implemented a capital improvement plan that included an upgraded curtain wall and the installation of a new building management system.<\/p>\n<p>Earlier this month, Hines also announced plans to renovate 24th at Camelback, a 672,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/hines-to-renovate-phoenix-office-campus\/\">Phoenix office campus<\/a>.<\/p>\n<p><em>Image courtesy of Hines<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two years after Hines and a subsidiary of a fund managed by Oaktree Capital acquired 4000 MacArthur in Newport Beach, Calif., the firm joined forces with an affiliate of Goldman Sachs to own and manage the property. <\/p>\n","protected":false},"author":753,"featured_media":1004508191,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21747,34267,15],"tags":[33435,32797,32944],"class_list":["post-1004194418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-office","category-orange-county","category-west","tag-goldman-sachs","tag-hines","tag-oaktree-capital-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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