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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HCP to Sell 64 Properties for $1.1B

Irvine-based HCP Inc. has agreed to sell a portfolio of 64 properties leased to Brookdale Senior Living Inc. for $1.1 billion to affiliates of Blackstone Group in New York.

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Schools Consultant, Ohio Firm Merge

Cooperative Strategies LLC in Irvine, an educational consulting firm, and DeJong-Richter LLC in Hilliard, Ohio, will combine to help plan finance schools nationwide under the Cooperative Strategies name.

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$36M for Two Desert Hotels

An affiliate of local investor Mohammad Honarkar bought a Courtyard by Marriott and a Residence Inn Hotel in Palm Desert for $36 million.

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Interim Venue to Replace Irvine Meadows

Five Point Communities Management Inc. in Aliso Viejo said part of its property bordering Orange County Great Park would be available for the operation of an “interim amphitheater,” pending approval by the city of Irvine.

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First American Buys TD Service Financial

Santa Ana-based title insurance firm First American Financial Corp. has bought TD Service Financial Corp. of Orange on undisclosed terms.

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Shopoff Realty Buys in Las Vegas, Chicago Top $100M

Shopoff Realty Investments in Irvine has paid in excess of $100 million for an apartment complex in Las Vegas and a pair of commercial buildings in Chicago.

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Bascom Sells Denver Apts for $350M

Bascom Group LLC in Irvine has sold one of its larger apartment properties, a 1,523-unit complex in Denver, in what local reports said is the priciest deal for a rental property in that city.

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Platinum Triangle Developer in $255M JV with China Fund

The Texas developer planning to build one of the larger apartment complexes in Anaheim’s Platinum Triangle has entered into a $255 million venture with a private equity fund from China to finance the project.

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REIT in $25M Buildings Buy

Griffin-American Healthcare REIT IV Inc. in Irvine bought two medical office buildings, one each in Michigan and Alabama, for a combined $25 million.

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Irvine Company An Energy Champion

The California Energy Efficiency Industry Council named Newport Beach-based Irvine Company one of three Energy Champions for 2016.

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Irvine Company Names Resorts SVP

The Irvine Company named Chad Bustos senior vice president of sales and marketing for its resort properties, a new title.

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New Head of CSUF Institute

Sandy Bond is Cal State University-Fullerton’s new director of its Real Estate and Land Use Institute, the university said.

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Register to Move to Anaheim

The Orange County Register’s headquarters will move to Anaheim next March.

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AIA President’s Award for Diocese

The Roman Catholic Diocese of Orange has received the President’s Award from the Orange County Chapter of the American Institute for Architects for its work on Christ Cathedral in Garden Grove.

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New Top Exec at Goodman Birtcher

Brandon Birtcher is no longer the chief executive of Irvine-based Goodman Birtcher, according to the industrial developer’s Australian parent company.