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Prudential Real Estate Investors said it acquired a 75% stake in the Bella Terra Shopping Center in Huntington Beach.
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.
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 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.
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.
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.
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.
Prudential Real Estate Investors said it has acquired a 75% stake in Huntington Beach's Bella Terra Shopping Center.
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.
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.
Gavin Herbert, Sr., has put a $75 million price tag on the 5.5-acre estate in San Clemente that once served as President Richard Nixon’s “Western White House”, according to the Wall Street Journal.
Costa Mesa-based real estate developer and private equity firm PDC Capital Group LLC has acquired ZGlobal Southern California EB-5 Investment Regional Center.
The $4.2 million lien slapped on Freedom Communications and its flagship Register seems to carry extra significance since it came at the request of the L.A. Times, which has a claim pending on bills for past work distributing the OC daily.
Grow on Economy, Buys, Expanding Services, Goats
The largest environmental consultants with offices in Orange County billed $602 million in 2014, an 8% jump over last year’s $556 million.
Santa Ana-based First American Financial Corp. said its title subsidiary bought TitleVest Holdings Group LLC in New York City on undisclosed terms.