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Sales and leases of offices, industrial buildings, retail space and apartments
MCC Realty Investments sold a retail building to TradeCor Partners LLC in Aliso Viejo for $8.1 million.
The high-rise office market in Orange County ended the second quarter with increased demand, resulting in 510,455 square feet of positive net absorption, nearly all of which took place in the Greater Airport Area submarket—508,945 square feet.
Former Grubb Offering To Be Sold for $4 Billion
Griffin-American Healthcare REIT II in Irvine, an owner of healthcare-related real estate properties that has ties to Grubb & Ellis Co., appears to be one of the few winners emerging from the brokerage company’s short-lived stint as an Orange County-based company.
3-Story Facility Planned Amid Apartment Complexes
A massive self-storage facility is being proposed for land near the Diamond Jamboree shopping center in Irvine in what would be among the largest nonapartment developments in the Irvine Business Complex over the past decade.
HOSPITALITY: Name change could accompany retro makeover
The new owner of the Laguna Cliffs Inn plans to emphasize what it calls the unique qualities of its location with a $1 million renovation of the 36-room boutique hotel.
Urban Decay Cosmetics LLC plans to open its first stand-alone store this fall at Fashion Island.
International Buyers Seek Private-Communal Combo
Overseas buyers are driving the latest luxury homebuilding trend: multigenerational living.
The Inland Empire industrial market picked up the pace in the second quarter after a relatively slow start to the year, generating nearly 9.7 million square feet of gross activity.
23 Have Sold for $50M+ In Just Two Months
Orchard Hills’ priciest homes have had strong sales since the Irvine development opened a little more than two months ago.
Orange County’s wealthiest person has been putting a fair amount of his fortune back into his business over the past year—but we’re figuring that he’s still likely to have seen a boost to his bottom line of about $1 billion.
Anaheim-based engineering firm Willdan Group Inc. has won a $22.3 million contract extension from Consolidated Edison Inc. in New York, taking the total value of the deal to $61.3 million for a job that’s been ongoing since late 2012.
Urban Decay Cosmetics LLC said it plans to open its first stand-alone store at Fashion Island this fall.
HEALTHCARE: Drug maker could derail hostile bid with deal
Names are emerging as potential buys for Irvine-based Allergan Inc. as it strives to derail Valeant Pharmaceuticals International Inc.’s hostile takeover attempt.
REAL ESTATE: $42M deal adds to $23M in recent buys
Irvine-based real estate investor PRES Cos. has made its second large acquisition in North Orange County this year—a four-building office portfolio in Brea.