Orange County Business Journal

REAL ESTATE

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

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.

Laguna Cliffs Inn Goes Local With Renovation Plan

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.

NB Cosmetics Maker Plans First Store

Urban Decay Cosmetics LLC plans to open its first stand-alone store this fall at Fashion Island.

Luxury Market Embraces Multigenerational Homes

International Buyers Seek Private-Communal Combo

Overseas buyers are driving the latest luxury homebuilding trend: multigenerational living.

Inland Empire Industrial, Office Markets Gain Momentum

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.

Sales Hot for Most Expensive Orchard Hills Homes

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.

OC’s Wealthiest

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.

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Con Ed Adds $22.3M to Contract With Anaheim Firm

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.

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Urban Decay Store Set for Fashion Island

Urban Decay Cosmetics LLC said it plans to open its first stand-alone store at Fashion Island this fall.

List of Prospects for Allergan Acquisition Emerges

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.

Investor Gets 4 Brea Offices in North OC Buy Streak

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.