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The Mid-Counties industrial market saw a 47% increase in year-over-year gross absorption in the fourth quarter, or nearly 2.5 million square feet compared to roughly 1.7 million square feet.
Clarion, Pacific Industrial Buy Site From Greenlaw
Land in Brea that once held an RV storage facility is on the fast track to hold one of the city’s largest new industrial buildings.
Henry Segerstrom has died at age 91, after a short illness, according to C.J. Segerstrom & Sons, owner and manager of South Coast Plaza.
$100M+ Deal Follows Big Lease for Hyundai Capital
The 4000 MacArthur office complex in Newport Beach has traded hands for more than $100 million, just weeks after the two-building property landed one of the largest tenants on the market.
REAL ESTATE: Buys Douglas Park land from Sares-Regis
Newport Beach-based Burnham USA Equities Inc. has bought nearly 30 acres of land next to Long Beach Airport where it’s planning one of the largest retail projects in the city in years.
NONPROFITS: Bigger project could follow
The Orange County Rescue Mission is expected to close this week on two four-unit apartment complexes in Tustin for a reported $533,000 as it plans to pursue a bigger land deal this fall, looking to grow the number of beds it provides by one-third, from about 390 to about 520.
Aliso Viejo-Based Hotel Investor Sheds Debt, Gains Leverage
Bryan Giglia has helped Sunstone Hotel Investors Inc. complete a corporate makeover as extensive as any redevelopment the company has undertaken for one of its portfolio hotels.
Trulia Review Shows OC Homes Have Most in US
Italian philosopher, astronomer and mathematician Galileo reportedly once said, “Wine is sunlight, held together by water …” —and it appears those who call Orange County home agree with that idea.
Orange County’s high-rise market ended the fourth quarter with increased demand, resulting in 436,778 square feet of positive net absorption.
Menlo Equities Plans To Reconfigure Warehouse
Menlo Equities LLC hasn’t found too much success leasing out its Quintana office campus near John Wayne Airport. But the Palo Alto-based company appears to be seeing strong user interest at an industrial complex it owns next door, thanks to tenants of a different type.
Irvine-based travel-technology company BookingPal Inc. got $5 million in a venture capital round.
Bank of Manhattan, which is in the process of merging with Irvine-based Plaza Bank, has agreed to sell its mortgage business to Wilshire Bancorp Inc. in Los Angeles.
OC-Based Charter Services Catch Recovery’s Tailwind
Charter air service is finding friendly skies over Orange County, where demand for private flights has gained altitude in recent months.
REAL ESTATE: Eyes lifescience tenants for 884,000-SF project
A recently returned corporate citizen of Orange County has gotten started on one of the largest office developments under way in California—an 884,000-square-foot project that will mix a hotel and retail space into an office development intended for lifescience companies in the Bay Area.