Orange County Business Journal

REAL ESTATE

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

Cemetery Deal Caps Off Active Spring for FivePoint

REAL ESTATE: Land swap follows IPO, office campus plansA 250-acre land transaction in the heart of Irvine would be the highlight of the year for most area real estate companies and developers.

By Mark Mueller June 20, 2017 8:13 a.m.   $$ Share
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Mesa Verde Tees Up $7.3M Upgrade

Mesa Verde Country Club in Costa Mesa is getting a makeover.

By Chris Casacchia June 23, 2017 10:51 a.m. share »
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Carpet Manufacturer Closes Doors

Royalty Carpet Mills Inc., a longtime area carpet manufacturer based in Irvine, has closed, as have several affiliated companies.

By Mark Mueller June 15, 2017 12:30 p.m. share »
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HCP in $26M Building Buy

An affiliate of Irvine-based HCP Inc. bought the two-building Scripps Wateridge Corporate Center office campus in Sorrento Mesa, a neighborhood in northwestern San Diego County, for $26.1 million, according to CoStar Group and public data.

By Lou Hirsh June 15, 2017 10:21 a.m. share »
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One Irvine Co., ROC Suit Resolved

The Irvine Co. reached an agreement with Newport Beach-based Real Office Centers on one of the properties it had filed an eviction-based lawsuit against the company over, an Irvine Co. spokesman told the Business Journal.

By Deirdre Newman June 14, 2017 5:09 p.m. share »
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Kellogg Leaving La Palma

Michigan-based Kellogg Co. is shuttering its distribution center in La Palma and cutting 280 jobs there, according to a Worker Adjustment and Retraining Notification the cereal and snack giant filed with the state Employment Development Department.

By Mediha DiMartino June 14, 2017 11:27 a.m. share »
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PHG President and COO Departs

Pacific Hospitality Group in Irvine said president and Chief Operating Officer Steve Arnold resigned; it named Robb Walker to replace him as chief operating officer. Founder and Chief Executive Tim Busch will add the president’s role.

By Paul Hughes June 12, 2017 12:26 p.m. share »
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Stearns Buys Georgia Lender

Santa Ana-based mortgage lender Stearns Lending LLC said it acquired the wholesale, nondelegated correspondent and consumer-direct lending businesses of Primary Capital Mortgage LLC.

By Peter J. Brennan June 6, 2017 3:17 p.m. share »
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Hotel Developer to Lay Off Staff

FJS Inc. said in a regulatory filing it would cut 121 jobs in Anaheim.

By Paul Hughes May 12, 2017 11:22 a.m. share »
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OCers Get Ellis Island Awards

Several Orange County residents, as well as others with ties to OC, are recipients of the 2017 Ellis Island Medal of Honor.

By Deirdre Newman May 12, 2017 10:57 a.m. share »
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OC-Backed Pebble Beach Expands

Pebble Beach Co. in August will open 38 new rooms under the name Fairway One, at The Lodge at Pebble Beach.

By Paul Hughes May 12, 2017 9:47 a.m. share »
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LPA Opens Dallas Office

Irvine-based design firm LPA Inc., the largest architectural firm in Orange County, opened a new office in Dallas, its sixth U.S. location.

By Peter J. Brennan May 11, 2017 2:23 p.m. share »
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FivePoint Communities Goes Public

FivePoint Communities Inc., the Aliso Viejo-based real estate developer that’s running Irvine’s Great Park Neighborhoods and other large housing projects in the state, completed its initial public offering on Wednesday, raising close to $300 million.

By Mark Mueller May 10, 2017 9:28 a.m. share »
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First American Picks Gilyard

First American Financial Corp. in Santa Ana appointed Reginald “Reggie” Gilyard to its board of directors.

By Peter J. Brennan May 9, 2017 3:34 p.m. share »
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Balboa Opens Pacific NW Office

Balboa Capital, a Costa Mesa-based provider of business loans and equipment financing, opened an office in Spokane to expand in the Pacific Northwest.

By Peter J. Brennan May 8, 2017 11:20 a.m. share »
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FivePoint Eyes Buyback of Broadcom Campus

FivePoint Communities Inc. confirmed it is considering buying back the under-construction campus of Broadcom Ltd. at Irvine’s Great Park Neighborhoods.

By Mark Mueller May 8, 2017 9:54 a.m. share »