Orange County Business Journal

REAL ESTATE

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

Lyon Communities Reaches Peak in Silicon Valley

REAL ESTATE: Tops price for big OC complexes by $100,000 per unit

A bet on Silicon Valley’s apartment market has paid off handsomely for Newport Beach-based Lyon Communities.

Last Holdout in Recovery: 100,000-SF-Plus Deals

Few Leases for Big Chunks of Contiguous Space This Year

The Orange County Social Services Agency practically has the market to itself as it explores a headquarters move from 888 N. Main St. in Santa Ana.

Retail Market Continues Slow Recovery

Retail sales continued to gradually improve in the second quarter, aiding the U.S. economy as local retail markets kept moving toward a full post-recession recovery.

Office Market Continues on the Upturn

The Orange County office market continued its healthy performance in the second quarter, indicating market stabilization and a positive trajectory, with possibly the most significant trend being the current progression of average asking lease rates.

Industrial Market Posts Healthy Q2

The activity levels for the Orange County industrial market remained healthy in the second quarter, with approximately 2.2 million square feet of gross activity.

Security Firm Grows in Anaheim, SD

Anaheim-based Firstline Security Inc. has expanded its facilities in Orange County and San Diego in line with its fast-growing business.

Multimillion-Dollar Mobile Homes New Beachfront Niche

Most Potential Buyers Live Within 75 Miles of Coast

The waterfront home on North El Camino Real in San Clemente boasts all the accoutrements buyers expect from a house with a million-dollar-plus price tag: It has direct access to the beach, hardwood floors, exquisite tile work in the kitchen, high-end stainless appliances, a luxurious spa-like master bath, and floor-to-ceiling windows in the living room that frame the blue of the ocean just steps from the brand-new brick deck.

Tustin Building Gets Pharma Tenant, Creative-Office Plans

CapRock Buys Property From Western Realco

A portion of an industrial building in Tustin just off Jamboree Road near the Santa Ana (I-5) Freeway is being eyed for a creative-office development following its sale to a local investor.

Social Services Lease Would Top Year’s List

REAL ESTATE: OC’s biggest public agency in talks to move to Orange

The Orange County Social Services Agency is expected to move its headquarters from Santa Ana to Orange in what would be OC’s largest new office lease of the year.

Irvine Co. Land Gift Comes With Homebuilding Plans

REAL ESTATE: Still plans up to 1K homes in East Orange

The Irvine Company hasn’t abandoned its homebuilding plans on the northern edge of the Irvine Ranch, despite its intentions to donate a large chunk of land there to the county.

OC Notches Another Billion-Dollar Company

TECHNOLOGY: ViewSonic moves 90 workers from LA

Orange County has reeled in a big fish in the technology industry with the addition of ViewSonic Corp. to its strong corporate base.

real estate deals

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.

High-Rise Office Market Has Busier Second Quarter

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.

Healthcare REIT Sale Winner for Griffin-American

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.

Next Big Thing in IBC: Self-Storage

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.