Orange County Business Journal

REAL ESTATE

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

Western Realco Eyes More Industrial in Brea

REAL ESTATE: 3rd speculative project would be 216,000 SF

Newport Beach-based Western Realco has bought nearly 10 acres of land in Brea, where the developer is planning its third big speculative industrial project in the city since 2012.

CapRock Buys Irvine Office, Plans Creative Redo

REAL ESTATE: $9.6M estimate for 55,474-SF low-rise

Irvine-based CapRock Partners LLC has snapped up an office just off the Costa Mesa (55) Freeway for its latest local creative-office project.

Way Up In Arts District

Proposal for Luxury Condo Tower to Costa Mesa Planners

The owners of the Avenue of the Arts Wyndham Hotel are moving ahead on plans to build the first high-rise condominium tower in Costa Mesa’s arts district.

Medical Office Project Moves Ahead in NB

REAL ESTATE: Land buy, redesign for Birch Street project

A long-planned medical office development in the Santa Ana Heights area of Newport Beach is moving ahead following a recent sale of the nearly 4½-acre site and a redesign of the proposed project.

CareTrust REIT Adds Nursing Home

San Clemente-based CareTrust REIT Inc. bought a nursing home in Washington state for $9.1 million.

Bella Terra Gets New Ownership

Prudential Real Estate Investors said it acquired a 75% stake in the Bella Terra Shopping Center in Huntington Beach.

Investors, Developers Drawn to Luxury Spec Homes

See Potential for Big Returns in Luxe Approach

Investors and developers are putting their time and resources into building luxury spec homes along the Southern California coast, from The Strand in Dana Point to the Balboa Peninsula and beyond.

Griffin-American Inks $353M Worth of Deals in Q1

Adds 18 Properties Spread Over 11 States

Irvine-based real estate investor Griffin-American Healthcare REIT had a busy first quarter, with $353.7 million worth of acquisitions encompassing 18 healthcare properties in 11 states.

Low-Rise Market Hot in Q4 and Getting Hotter

Low-rise office buildings might not get the same amount of attention in the news as the high-rise buildings in Orange County, though they’re a significant part of the office market, accounting for more than half—nearly 55.2 million square feet—of the county’s office space. One can’t ignore the level of recent activity in the low-rise market.

LBA Realty Nears Another Office Purchase From Dell

Report of Nashville Deal Follows Buy in Aliso Viejo

Irvine-based LBA Realty is poised for a big investment in Nashville, Tenn., according to reports there.

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Alternative Lender to Irvine HQ

Quick Bridge Funding LLC, an alternative lender specializing in short-term financing, has moved its headquarters from Orange to Irvine, taking 17,000 square feet at Market Place Center.

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Bren Imposter Sentenced to Time Served, $1.1M in Restitution

The convicted bank robber who stole the identity—and a $1.4 million tax refund—of Irvine Company Chairman Donald Bren was sentenced to time served, restitution and supervised release, according to court records.

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Bella Terra Gets New Ownership

Prudential Real Estate Investors said it has acquired a 75% stake in Huntington Beach's Bella Terra Shopping Center.

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Partner Ups Stake in Buena Park Place

Coventry Real Estate Advisors has transferred its majority ownership share of Buena Park Place to DDR Corp. in Beachwood, Ohio, its former joint venture partner.

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Crystal Cathedral Founder Schuller Dies

Rev. Robert Schuller, a televangelist who founded the 35-acre Crystal Cathedral campus in Garden Grove, died this morning in Artesia, Calif., at age 88.