Orange County Business Journal

REAL ESTATE

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

Anyone’s Guess As Young Rides Off Ranch

Let the guessing game begin as Dan Young gets set to step down from the Irvine Company.

By Mark Mueller June 13, 2016 midnight   $$ Share
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PHG in Deals for AC Irvine, Tempe

An affiliate of Irvine’s Pacific Hospitality Group is in deals for two AC Hotels—a 176-room property currently under construction at the Park Place mixed-use campus near John Wayne Airport and a recently opened location in Tempe, Ariz.—from Woodbine Development Corp. and USAA.

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FivePoint to Sponsor Concert Venue’s Last Season

FivePoint Holdings in Aliso Viejo said it will sponsor the final concert series at Irvine Meadows Amphitheater and is also exploring building an amphitheater on the south end of the Orange County Great Park in Irvine.

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Goodman Birtcher Gets 133 Acres

Irvine-based developer Goodman Birtcher has bought a pair of massive distribution centers in Los Angeles County.

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Argyroses Pledge $2.5M to Theater

George and Julianne Argyros plan to give $2.5 million to a theater in Julia’s hometown of Adrian, Mich., according to a newspaper there.

Master Plan Morphs; Christ Cathedral Draws; Blanning’s CROC

Early take on Dan Young’s decision to step away from the Irvine Company: Donald Bren’s master plan continues to morph into something that increasingly looks like more of an operating company than a developer.

SF Investor Makes FV Complex 3rd Office Buy in OC

REAL ESTATE: Swift nabs 2 buildings next to Hyundai HQ

San Francisco-based real estate investor Swift Real Estate Partners has made its third acquisition in Orange County in as many years, getting a two-building office complex in Fountain Valley.

EON Puts $20 Million Into VR Center in Mexico

TECHNOLOGY: Education push includes augmented reality

Irvine-based software maker EON Reality Inc. hopes to keep its growth up by bringing virtual and augmented reality content to the masses through an aggressive international plan centered on education and awareness.

Montage Hotel in Baltimore Named

The Baltimore hotel Montage Hotels & Resorts will run under its Pendry brand has been named Sagamore Pendry Baltimore.

Homebuilder TRI Pointe Moves Local Division

HQ Staying at For-Sale Google Center Campus

Irvine-based homebuilder TRI Pointe Group Inc. is moving its Southern California division closer to some of the projects it has under way on the Irvine Ranch.

Slyde Handboards Gears Up for Summer Sales Tour

‘Shark Tank’ Investment, Beach Cleanup Lift Brand

A startup that created a brand of handboards, a one-handed surfboard that straps to a surfer’s hand for bodysurfing, started its summer tour over Memorial Day weekend.

Surge of Hotel Development

More Than 7,000 Rooms Proposed in Four Cities

The four Orange County cities with the heaviest volume of hotel construction are seeing a divergence in the type of properties being built there and the sorts of guests the hotels will target.

Commercial Construction Up, Uncertainty on Horizon

Revenues Here Highest Since ’09, Backlog Down

Orange County’s largest commercial construction companies took in the most revenue since the Great Recession, although a shrinking backlog and ominous economic reports raise questions about the industry’s continued growth.

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Young to Step Down at Irvine Company

Dan Young plans to step down from his executive position at Newport Beach-based Irvine Company at the end of the month.

Google Campus On Jamboree Leads OC Office Listings

REAL ESTATE: Some $1.3B worth of deals in pipeline amid rising rents

The five-building Irvine office campus that holds the local operations of Google Inc. and others is up for sale, headlining an Orange County office investment market that’s seeing its heaviest activity in over eight years.