Orange County Business Journal

REAL ESTATE

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

OC Still Coveted as Overseas Buyers Hit Pause Elsewhere

Expert Says Chinese Pullback Not Seen Here

Foreign investment in U.S. real estate is hitting the pause button, according to a report by the National Association of Realtors, and the pullback is most evident among Chinese buyers affected by China’s slowing economic growth, currency devaluation and tightened restrictions on capital outflows. Other reasons the report cites include a stronger U.S. dollar and rising home prices.

Real Estate Deals

Sales and leases of offices, industrial buildings, retail space and apartments

The E-Land Co. sold a creative-office building in Irvine to the Parviz Ramezani Trust for $1.9 million, or about $375 per square foot.

Church Site in Orange Sold for Luxe Home Project

New Home Co. Uses Land Banker for Marywood Buy

The Roman Catholic Diocese of Orange has completed the sale of its former administrative headquarters in Orange, which is slated to be turned into a residential development by Aliso Viejo-based New Home Co.

App Beats Pitch Competitors to Take Home $20,000

Tech Coast Angels of Orange County held its inaugural Celebration of Entrepreneurship on March 10, when San Juan Capistrano-based Globe Chat took the overall prize in the Fast Pitch competition.

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County RFQ Out on DP Harbor

The County of Orange today released a request for qualifications for the redevelopment of Dana Point Harbor.

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OC Resorts Have New China-Based Owner

Two luxury hotels in Orange County – the Montage Laguna Beach in Laguna Beach and the Ritz-Carlton Laguna Niguel in Dana Point—have a new China-based owner.

Real Estate Real

Sales and leases of offices, industrial buildings, retail space and apartments

Hamilton Center, a multitenant shopping center in Huntington Beach, was sold for $3.3 million, or about $485.29 per square foot.

Central, North OC Office Market Activity Starts to Catch Up

The Central and North Orange County office submarkets have traditionally trailed the Greater Airport Area and South Orange County office submarkets in terms of vacancy, average asking lease rates, and absorption of space, and last year was no different.

Masimo’s New Irvine Space Leads to Musical Chairs

Boot Barn HQ, Printronix Office Also Part of Move

An expansion of Masimo Corp.’s local facilities appears to have set off a chain reaction of corporate relocations in the Irvine Spectrum area involving Boot Barn Holdings Inc. and Printronix Inc.

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Nutrition Company HQ to Anaheim

Nellson Nutraceutical LLC, a maker of nutrition bars and powders, has relocated its headquarters from Irwindale to Anaheim.

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Carl’s Jr. Parent to Nashville

CKE Restaurants Inc.— based in Carpinteria, Calif., near Santa Barbara, but with a sizable presence in Anaheim, where it has its roots—is moving its headquarters to Nashville.

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Orange Outlets to Grow

The Outlets at Orange said it will begin construction on 60,000 square feet of retail space this month.

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HB Hilton in $140M Deal

The Waterfront Beach Resort, a Hilton Hotel in Huntington Beach put together a $140 million financing and land acquisition deal for its long-planned expansion.

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Fujifilm Moves Optics to OC

The optical device division of Fujifilm North America Corp. has moved its West Coast headquarters from Redondo Beach to the company's facility in Cypress.

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Hotel Sales Dollars Doubled in 2015

Fewer hotels sold for more money last year in Orange County.