Orange County Business Journal


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

Masimo Executives Outline Positions for Growth

Report: Company Could Develop ‘Third Pillar’

Irvine-based Masimo Corp. executives recently took to the road to share the patient monitor maker’s story with investors as it moves through the eighth year of its 10-year business plan.

Office Construction Sluggish, Industrial Building Plans Up in Q3

Orange County had about 1.1 million square feet of industrial space under construction at the end of the third quarter, with the majority of the projects—849,015 square feet—concentrated in North Orange County.

Allergan to Shed Pair of Off-Campus Offices in Irvine

Marketed For Potential Creative-Office Uses

Allergan PLC has put a pair of office properties it owns in Irvine on the market. It’s the first time Allergan has tried to shed locally owned buildings since its sale to Actavis PLC this year.

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Craig Gets Barstow Outlet Center

Newport Beach-based retail developer Craig Realty Group acquired an outlet center in Barstow from Tanger Factory Outlet Centers Inc. in Greensboro, N.C. for $106.7 million.

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Developer’s Santa Ana Restaurant Files BK

OM Restaurant Management LLC in Santa Ana filed for Chapter 11 bankruptcy protection on Friday, Oct. 9.

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Costa Mesa Wyndham to Go Boutique

The Avenue of the Arts Wyndham Hotel in Costa Mesa will be renovated and renamed under the Tribute Portfolio of Stamford, Conn.-based Starwood Hotels & Resorts Worldwide Inc.

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Montage Cabo Groundbreaking Set

The developer of a resort in Los Cabos, Mexico, set to be run by Irvine-based Montage Hotels & Resorts, said it would break ground on the project in December.

McLarand’s 2-Way Street

Architect Worked China During Recession, Carves Niche as Guide for US Projects

Carl McLarand went to China to find a way through the Great Recession.

Some Irvine Co. Offices To Go ‘Behind the Meter’

REAL ESTATE: ‘Biggest deal ever’ to use grid-feeding batteries

The Irvine Co. has signed on to a cutting-edge energy storage project that will transform nearly two dozen of its highest profile offices in the Irvine Spectrum and John Wayne Airport area into hybrid electric buildings over the next year.

Condos Now Proposed for Fashion Island Carwash

REAL ESTATE: 49 units would be latest for-sale project

Land in Newport Center that holds a carwash and that was once eyed for a boutique hotel now is being considered for a condominium project.

Moshayedi Scores on Retail Rebound in IE

REAL ESTATE: $147M price for Chino Hills center up 55%

A bet on the Inland Empire retail market in 2010 has paid off well for MX3 Ventures, a Newport Beach real estate investor with ties to former Santa Ana-based storage device maker STEC Inc.

Strathspey Crown Pegs Pensions As Next Offering to Doctors

HEALTHCARE: Irvine parent taps banking vets for NY office

Newport Beach-based private equity fund Strathspey Crown Holdings LLC is keeping its focus on healthcare even as it plans to get into the financial management arena through a new subsidiary.

New Spectrum-Area Event Facility Puts on the Glitz

ECONOMY: Gensler-designed center to have capacity for 1,000

A longtime area special-events producer is pulling out all the stops for a meeting and events venue that’s being built in the Irvine Spectrum.

‘Pocket’ Listings on Rise in OC’s Luxury Market

Non-MLS Sales Thrive in Hot Market, Afford Privacy

Real estate experts say “pocket listings”—private, off-market listings that don’t appear on the local Multiple Listing Service—are surging in the luxury market.

Inland Empire Market Gains in Q3

The Inland Empire industrial market continued to flourish in the third quarter with activity and tenant demand strong in almost every size range.