REAL ESTATE

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

Feds Look to Seize Irvine Building Amid Metals Probe

REAL ESTATE: Complaint follows Business Journal reportOne of the most prominent industrial buildings in the area around John Wayne Airport, the 2323 Main St. building in Irvine, now has a for-lease sign up after years of turning away potential tenants.

Five Point’s Debt Sees High Demand

Five Point Holdings LLC (NYSE: FPH) found bond buyers so eager for its high-yield debt that it increased the offering to $450 million.

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OC Hyatts Get New Area VP

Hyatt Hotels Corp. named David Nadelman general manager at Hyatt Regency Orange County in Garden Grove and vice president over six other high-end hotels with 4,500 rooms in Southern California.

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LA Times Site Sells for $65M

The owners of the Costa Mesa creative office complex that holds the headquarters of the Los Angeles Chargers have picked up an even larger redevelopment site next door.

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Nonprofit Gifted $8.5M Home

Big Brothers Big Sisters of Orange County and the Inland Empire received the biggest financial gift in its history: a home in Laguna Beach valued at $8.5 million.

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Karma to Open NB Showroom

Irvine-based Karma Automotive LLC will open a showroom and its first company-owned dealership on Monday along the Pacific Coast Highway in Newport Beach.

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Buck’s Art Stops for Good at UCI

The University of California-Irvine announced today that it’s received a collection of California art from the trust of Gerald Buck, a Newport Beach developer.

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Lido House GM Confirmed

Lido House officially named Adam Beer its general manager.

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Ubiquity Evicted

Ubiquity Inc. has been evicted from its Irvine headquarters at 9801 Research Drive.

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Five Point Sells More Land for Homes, Plots Retail

Five Point Holdings LLC said it has sold the 103 acres of land that will hold the next batch of homes at Irvine’s Great Park Neighborhoods, for $475 million.

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MemorialCare to Close LB Hospital

Community Medical Center Long Beach, one of Fountain Valley-based MemorialCare Health System’s three hospitals in the area, will soon close due to not meeting earthquake building standards.

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Chapman: $150M in Bonds for Student Housing

Chapman University will buy Katella Grand, a 399-unit apartment complex near Anaheim's Platinum Triangle, for $148 million, from UDR, a Colorado-based REIT.

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$50M in Hotel Buys Hint at Past, Present

HOSPITALITY: Sales at Dyer & 55 Are Midscale Trend Marker

George Santayana said those who do not remember the past are condemned to repeat it, but sometimes that’s not so bad.

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Chargers on Long Drive Deep In New Territory

SPORTS: Hoag deal, civic deeds vs. poor optics

The business challenges facing the Los Angeles Chargers front office in Costa Mesa midway through the season haven’t changed much since owner Dean Spanos moved the franchise north in January.

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Aluminum Firm Maintains Innocence, Fights Seizure

Irvine Warehouse Part of International Tariff Caper

The foreign owners of Irvine’s 2323 Main St. industrial building are fighting the federal government’s attempt to seize ownership of the airport-area property, citing in court filings “demonstrably false” allegations and violations of its due process.

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Cybersecurity Player Shifts to Silicon Valley

TECHNOLOGY: CrowdStrike follows talent, money to new HQ

One of Orange County’s hottest and highest valued private companies has moved its headquarters from Irvine to Silicon Valley.

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