REAL ESTATERecent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
Hoag Memorial Hospital said today it donated $3.775 million to the new Huntington Beach Senior Center in the Park.
REAL ESTATE: Takes full floor at Irvine Company’s newest office
Bill Gross might have the highest profile among the first batch of tenants at Irvine Company’s newest office building in Newport Center, but Stifel, Nicolaus & Co. can claim the highest perch at the 21-story building.
An investment group that includes Irvine-based real estate investor and developer Greenlaw Partners is nearing a deal to buy the massive Bank of America office campus in Brea.
A trot around the South Coast Metro district that covers corners of Costa Mesa and Santa Ana reveals several sizeable chunks of property in a state of flux.
‘Opportunistic’ Real Estate Scarce, Competition Stiff
Opportunity is still knocking for many of Orange County’s most active commercial real estate investors of the past five years, but it has required a decided shift in strategy.
The office market continues to experience positive momentum, pushing toward a full recovery. Occupancy levels are steadily improving due to constant demand, moving the market to near prerecession conditions.
Orange County’s industrial market continued to record healthy levels of activity in the third quarter, ending with 2.8 million square feet of gross activity and resulting in 208,021 square feet of positive net absorption.
MANUFACTURING: Shifts West Coast center from IE
MaxLite Inc., a lighting products manufacturer in New Jersey, has relocated the base for its West Coast operations to Orange County, where it has expanded its facility space as part of a bid for growth.
The Anaheim Regional Transportation Intermodal Center signed several new retail and restaurant tenants, including grab-and-go grocery store Mission Market; the Hive Bar; brewery and burger restaurant R.A.D. Nano Brewery; vegetarian restaurant Silo; the third Orange County location of steam kettle cookery Ritter’s; and The Oyster Bar.
Changes Precede Nearly Doubling Workforce
Medtronic Inc., which has about 700 employees in Orange County, recently detailed a management team and restructured its business segments in the run-up to its proposed $42.9 billion buy of fellow device maker Covidien PLC, which has 670 local workers.
Sales and leases of offices, industrial buildings, retail space and apartments
Filing Says Talks For New Campus ‘Near Conclusion’
Broadcom Corp. is closing in on its long-awaited deal to buy the land for its new office campus near Orange County Great Park, according to filings with Irvine City Council.
Properties, 12 Others Could Fetch $500 Million
Shopping centers in Mission Viejo and Brea are part of a portfolio of West Coast retail properties that are on the block and could sell for nearly $500 million.
Two investors who helped Aaron Kushner and Eric Spitz finance the purchase of Freedom Communications in 2012 have asked the Delaware Chancery Court to put the media company’s operations into receivership, claiming “it needs independent oversight because the company is insolvent and in financial distress from mismanagement,” according to the website Law360.
The Anaheim Regional Transportation Intermodal Center (ARTIC) has signed several new retail and restaurant tenants, the center said.