Orange County Business Journal

REAL ESTATE

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

KBS Spree Ranges From SJ to Va.

A $345 million acquisition spree by Newport Beach-based KBS Realty Advisors includes a prominent office tower in San Jose and a pair of deals on the other side of the country.

Caritas Turns Mobile Homes Into Upward Mobility

NONPROFITS: Operates 20 parks in region, three in OC

It could be hard to imagine what it must be like to escape one terrible situation, only to be trapped in a nearly identical situation a short time later.

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Hyatt HB Names New GM

The Hyatt Regency Huntington Beach Resort & Spa named Peter Rice its general manager, effective Dec. 2.

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Casa Laguna Changes Hands

Casa Laguna Inn & Spa, a boutique hotel in Laguna Beach, has sold on undisclosed terms.

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Catholic Diocese Gets $20M Pledge

The Roman Catholic Diocese of Orange said today its foundation received a pledge of $20 million from an undisclosed individual for its Christ Cathedral campus, the former site of the Crystal Cathedral in Garden Grove.

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Lyon Helps Fund CSUF History Work

The family of retired Air Force General William Lyon plans to give $150,000 to the Center for Oral and Public History at California State University-Fullerton, the school said.

Chinese Developer Buys A-Town Parcel in Platinum Triangle

REAL ESTATE: Plans to ask Anaheim for more units, mixed-use

A real estate company in China has bought one of the most prominent parcels of developable land in Anaheim’s Platinum Triangle, where it plans its flagship residential and commercial development project for the U.S.

Rockwell Collins to Shift In-Flight Entertainment Operations to Irvine

REAL ESTATE: Move from Tustin to Alton Corporate Plaza

Aviation electronics maker Rockwell Collins Inc. is relocating its regional operations from Tustin to Irvine after signing one of Orange County’s largest office leases of the year.

Taco Bell on Its Own in Irvine?; $3M for ‘Popcorn’ at Westin

Thanksgiving is in the books and you can see the year-end holidays from here.

Sales Up 2.3% at Biggest OC Shopping Centers

RETAIL: 32 biggest combine for $7.3 billion

Taxable sales at the top 32 shopping centers in Orange County grew for the fifth straight year, but at a slower pace, according to this week’s Business Journal list.

Westin South Coast Plaza Starts $20M Renovation

HOSPITALITY: More king beds; mini-bars, ‘popcorn’ ceilings out

The Westin South Coast Plaza in Costa Mesa is scheduled to start a $20 million renovation this week, with makeovers for its 393 rooms expected to be finished in April.

Up From San Diego

Hughes Marino Brings Family Affair, Focus on Tenant Side to OC

Do the basics so well that it’s cutting edge.

November Shapes Up to Match October Luxury Sales

Eight $4M-Plus Homes Sold in First Half of Month

In October, Orange County boasted 19 home sales that topped the $4 million mark, with the highest closed transaction fetching $10 million for the 4,000-square-foot oceanfront villa at 11 La Senda Place in Lower Three Arch Bay in Laguna Beach.

Industrial Vacancy Rate Hits Historical Low

There were approximately 1.1 million square feet of industrial space under construction at the end of the third quarter.

Prologis Adds to Portfolio With $18M Buena Park Buy

Price of Half-Full Property Comes to About $110 PSF

Denver-based industrial giant Prologis Inc. has picked up a large property near the Orange County-Los Angeles line.