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