REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...

FivePoint Goes Commercial With $443M Irvine Deal

REAL ESTATE: Broadcom site renamed; Irvine Co. model eyedFivePoint Communities Inc. has completed the blockbuster $443 million purchase of Broadcom Ltd.’s campus where construction is wrapping up in Irvine.

$260M Laguna Hills Mall Project Stalled

Redevelopment of Five Lagunas, one of the largest retail projects underway in the region, has halted.

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Khanna Sells Venice Hotel

Khanna Enterprises Ltd. in Irvine sold the 12-story, 250-room Custom Hotel in the Westchester area of Los Angeles for more than $40 million, or at least $160,000 per room.

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Irvine Co. Making Serious Push for Amazon HQ2

The Irvine Co. said it’s making a serious push to bring Amazon to Irvine for the e-commerce giant’s second headquarters, and has enlisted its former No. 2 executive to lead the project.

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Irvine Coffeehouse Grows

An Irvine seller of Vietnamese-style coffee has changed its name and plans three more locations in the next year.

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ROC Down to One

Newport Beach-based Real Office Centers (ROC) has now voluntarily terminated its lease at three of its remaining four OC locations, according to its landlord, the Irvine Co.

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NorCal Tacos to OC

Jimboy’s Tacos plans three locations in OC—Huntington Beach. Brea, and Costa Mesa—as part of a 20-unit franchise plan for Southern California.

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ROC out at Newport Office Park

Newport Beach-based Real Office Centers (ROC) voluntarily terminated its lease at 23 Corporate Plaza in Newport Beach according to a notice its sub-leasees received Monday.

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CoreLogic GC to Leave

Stergios “Terry” Theologides, general counsel and secretary of CoreLogic Inc., will leave the Irvine-based real estate real estate data and research company next month.

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Sabra-CCP Deal Gets Shareholder OK

Sabra Health Care REIT Inc. shareholders voted to approve a proposal to issue common stock related to a pending $7.4 billion merger with Care Capital Properties Inc., a transaction scheduled to close Thursday.

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Evolution Sells LAX Hotel for $54M

Evolution Hospitality in San Clemente and Argosy Real Estate Partners in Wayne, Pa., sold the 216-room DoubleTree by Hilton Hotel LAX in El Segundo for about $54.1 million, sales records show.

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Market Concerned About Sabra REIT’s CCP Buy

But Company Plans To Go Forward With Deal

Irvine-based Sabra Health Care REIT Inc.’s $7.4 billion all-stock merger with Care Capital Properties Inc. in Chicago—which will create a company with a portfolio of 546 investments across 43 states and Canada—faces some headwinds after proxy advisory firm Institutional Shareholder Services Inc. recommended Sabra shareholders oppose the acquisition.

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Ayres SD Hotel Breaks Ground

An Ayres Hotel is part of a development breaking ground tomorrow in Chula Vista.

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Veritone Takes AI-Centric Business to Costa Mesa

New HQ at The Met Follows May IPO

Artificial intelligence technology and media firm Veritone Inc., fresh off an initial public offering in May that raised $37.5 million, is moving its headquarters to a larger space in Costa Mesa.

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Fashion Island at 50

‘You had to dream a lot’ in ’67

Every pair of shoes Tom Gazsi wore until he reached high school, his parents bought at Dick Marowitz’s Newport Children’s Bootery at Fashion Island—“Adidas, saddle shoes, dress shoes, everything!”

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Industrial Deal Puts Sears’ OC Sales Near $228M

LBA Buys Big Industrial Site on Warner For $41M

An affiliate of struggling retailer Sears Holdings Corp. has sold a second sizable Orange County property in less than a month, the Business Journal has learned.

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