Orange County Business Journal

REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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LoanDepot Doubles Space, Plans to Hire 1,000

Foothill Ranch-based mortgage lender loanDepot LLC has doubled its Orange County office space to more than 238,000 square feet to accommodate its growing direct-lending center.

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HCP Buys Philadelphia Building

Irvine-based HCP Inc. has acquired a building in Philadelphia for $161 million, according to a federal filing.

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Lush Cosmetics Opens at MV Mall

Lush Fresh Handmade Cosmetics is opening a store at The Shops at Mission Viejo on Friday, its 32nd retail location in the state and 229th nationwide.

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More Homes at Rancho Mission Viejo Moving Ahead

A quartet of Orange County homebuilders are gearing up for the development of Esencia, the second village planned at the ranch community of Rancho Mission Viejo.

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Indian Grocer to Open at Market Place

Indian grocery chain Namaste Plaza has signed a lease for a 6,700-square-foot store on the Irvine side of The Market Place.

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Fisker Launches Customer Support Website

Fisker Automotive and Technologies Group LLC has launched a new customer support website for owners of its Karma luxury sports cars.

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Ensign Buys 3 Nursing Facilities

Mission Viejo-based Ensign Group Inc. said today it bought one skilled nursing facility in Washington and a subsidiary bought two skilled nursing facilities in Utah, on undisclosed terms.

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22 Del Taco Sites to Sell

A number of limited partnerships plan to sell four portfolios of land and buildings that house a total of 22 Del Taco fast food restaurants in California, according to Newport Beach-based CBRE, the listing broker for the portfolios.

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Crowdfunded Hotel Investor Plans to Raise $2 Million

Newport Beach-based Hotel Innvestor LLC plans to use crowdfunding to raise about $2 million.

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Montage Moves Ahead on Los Cabos

Irvine-based Montage Hotels & Resorts said today it would develop Montage Los Cabos on Santa Maria Bay in Los Cabos, Mexico, its first international property.

Liftoff for Office Landlords?

REAL ESTATE: Shift suggests spec development on horizon

Advantage landlords. That’s the picture that emerges from the most recent data on Orange County’s roughly 100-million-square-foot office market, which wrapped up the first quarter in its strongest position since the onset of the Great Recession.

Steadfast Cos.’ Buying Binge Gets National Attention

Apartment Portfolio Now 30,000 Units, Ranked 40th

A healthy amount of acquisitions across the country over the past year has vaulted Irvine-based Steadfast Cos. into the ranks of the largest owners of apartments in the U.S.

Western Realco Eyes More Industrial in Brea

REAL ESTATE: 3rd speculative project would be 216,000 SF

Newport Beach-based Western Realco has bought nearly 10 acres of land in Brea, where the developer is planning its third big speculative industrial project in the city since 2012.

CapRock Buys Irvine Office, Plans Creative Redo

REAL ESTATE: $9.6M estimate for 55,474-SF low-rise

Irvine-based CapRock Partners LLC has snapped up an office just off the Costa Mesa (55) Freeway for its latest local creative-office project.

Way Up In Arts District

Proposal for Luxury Condo Tower to Costa Mesa Planners

The owners of the Avenue of the Arts Wyndham Hotel are moving ahead on plans to build the first high-rise condominium tower in Costa Mesa’s arts district.