Orange County Business Journal

REAL ESTATE

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

Auction.Com Adds Oracle Vet to Board

Irvine-based Auction.com, an online real estate auction company, said it has added Jeff Epstein, former Oracle chief financial officer, to its board of directors.

By Mediha DiMartino March 17, 2014 11:01 a.m.   Share

Allergan Additions Expected Near Irvine Campus

REAL ESTATE: Said close on buys of 2 buildings for 68,500 SF

Allergan Inc. is nearing a deal to buy a pair of office properties across the street from its headquarters in Irvine, according to real estate sources.

New Arrival Aims to Grow on OC Lifesciences Sectors

SERVICES: Sets engineering, construction base in Irvine

IPS-Integrated Project Services Inc., a multinational engineering and construction firm, is betting on Orange County’s host of medical device and drug makers to stir business opportunities and provide a base for its West Coast expansion.

Healthcare Startup to Move Into Lakeshore Towers

REAL ESTATE: Alphaeon’s plan counts on cash-pay lines

Alphaeon Corp., a startup lifestyle healthcare company that’s gotten notice as a potential candidate for an initial public offering later this year, has signed a deal to move its growing operations to the Lakeshore Towers office complex in Irvine.

Apartment Boom Helped Fuel Opus Bank’s Rise

FINANCE: Biggest in assets gives details in IPO filing

Add Irvine-based Opus Bank to the list of local landlords, developers, land owners and other companies benefiting from the red-hot apartment market of recent years.

Mid-Counties Industrial Market Picks Up Steam in Fourth Quarter

Fourth-quarter gross activity for the Mid-Counties industrial market was nearly 1.7 million square feet, a 2.5% increase over the 1,637,496 square feet recorded in the fourth quarter of 2012.

Placentia Infill Home Site Approved, Goes to Market

HQT Homes Planned 78 Houses at Former Farm

Schaner Ranch, an 8-acre infill site in Placentia recently approved for home development, is on the sales block.

CDM, South Coast Metro Sales Come at High Price

Retail Properties Bring $520 Per SF and Higher

A pair of smaller-sized retail properties in Corona del Mar and Santa Ana have changed hands at eye-catching prices.

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Buena Park Mixed-Use Project Tops Off

City officials and executives from Lynwood developer M+D Properties and construction company Swinerton Inc. were on hand Thursday to celebrate the topping off of The Source in Buena Park.

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Taylor Morrison Venture Buying San Clemente's Marblehead Site

Taylor Morrison Home Corp. is buying San Clemente’s Marblehead residential development.

No IPO, No Problem for City Ventures

REAL ESTATE: Homebuilder raises $345 million with land sales

City Ventures Inc. has shown that there are other ways to raise money, even as some fellow Orange County-based homebuilders have opted to join a recent trend of initial public offerings.

Bixby Gets 7-Building Campus in Silicon Valley

REAL ESTATE: $110M buy eyed for creative makeover, near new stadium

Irvine-based Bixby Land Co. has bought a seven-building office campus in Silicon Valley, the commercial real estate developer and investor’s largest acquisition in nearly seven years.

McKernan to Join Horatio Alger’s OC Contingent

HONORS: Auto Club chairman due in D.C. for this week’s ceremony

Life got more humbling for Thomas McKernan as this week’s Horatio Alger Award ceremony in Washington, D.C., approached.

Will Others Follow Irvine Company Rent Hikes?

REAL ESTATE: Landlord seeks biggest jumps since recession

The Irvine Company, Orange County’s dominant office landlord, appears to be undertaking its most aggressive office rent hikes for its local buildings in years.

Big-Dollar Sales Drove Brokerage Gains Last Year

About $18B In Sales, Leases Result In Nearly 14% Jump

Orange County’s largest commercial brokerages continued to benefit from investor interest in local properties in 2013, and to a lesser extent, tenant demand.

Property Managers Build Portfolios in Brisk Market

Two Dominate, Group Combines for 8.7% Jump

A flurry of large office purchases by institutional investors, a smattering of development, and new out-of-town accounts helped boost the bottom lines of Orange County’s largest commercial property managers last year.