Orange County Business Journal


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

OC High-Rise Market Continues Improvement in Q1

The high-rise market in Orange County ended the first quarter with increased demand, resulting in 476,089 square feet of positive net absorption, nearly all of which took place in the Greater Airport Area and Central Orange County.

Vans Has Expansion Plans on Tap for Costa Mesa HQ

City Officials Say 40K SF Planned for New Campus

Comments by Costa Mesa city officials suggest that skate shoe and apparel company Vans Corp. is looking to build a sizeable expansion to the company’s planned new headquarters in the city.

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Five Point Plans for IPO

Aliso Viejo-based Five Point Holdings Inc. said it’s planning an initial public offering.

Medical Device Maker Adds to RSM Presence In Deal Pegged at $37M

REAL ESTATE: Cox affiliate sells building, 24.5 acres near toll road

Rancho Santa Margarita-based medical device maker Applied Medical Resources Corp. has bought the largest office building in its hometown for its growing operations.

June Gloom Absent from Luxury Coastal Home Sales

14 $4M-Plus Sales Close In Month’s First 2 Weeks

June got off to an auspicious start with 14 luxury home sales over $4 million in the first two weeks of the month.

Masimo Gets European Approval of Portable Oximeter

MightySat Rx Device Unavailable in US

Masimo Corp. ended June on a regulatory roll.

West Orange County Industrial Rates Pick Up in Q1

Hardly any development has been in the pipeline in the West Orange County industrial market, and with a dropping vacancy rate, lease rates have steadily ticked up over the past 12 months.

R.D. Olson’s Development Arm to Newport Beach

Relocation from Irvine to 520 Newport Center Tower

Hotel developer R.D. Olson Development is moving its offices to Newport Beach and closer to one of its biggest projects on tap.

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Alliant Buys in N.Y.

Newport Beach-based Alliant Insurance Services Inc. has acquired Preferred Concepts LLC, a New York-based wholesale broker and underwriter that specializes in real estate insurance.

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Distressed RE Specialist Gets $20M Investment

Newport Beach-based real estate investment trust CV Holdings Inc. has sold $20 million worth of preferred stock to Tricadia Capital Management LLC in New York.

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RichUncles Gets $3M Loan

Newport Beach-based real estate investment trust RichUncles LLC has received a $3 million loan from Pacific Mercantile Bank in Costa Mesa.

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Stem Cell Company Opens New SA Facility

PrimeGen Biotech LLC, a stem cell company, has moved from Irvine to a new facility in Santa Ana.

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Fisker to Open Moreno Valley Plant

Costa Mesa-based Fisker Automotive and Technology Group said in a press release that its first U.S manufacturing plant for the relaunch of the Karma hybrid electric car will be in Moreno Valley.

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Standard Pacific to Combine with Ryland in $5.2B Deal

Irvine-based Standard Pacific Corp. said it would combine with Westlake Village-based Ryland Group Inc. in a deal valued at $5.2 billion, which news reports said would create the fourth-largest homebuilder in the U.S.

Vans to Put Brand on South Coast Metro

REAL ESTATE: 180,000-SF office comes with 15 extra acres

An affiliate of apparel company Vans Inc. is under contract to buy the 1588 South Coast Drive office building in Costa Mesa.