Orange County Business Journal

REAL ESTATE

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

Mitsubishi Electric to Consolidate in HB

Mitsubishi Electric Automotive America Inc. plans to consolidate its regional operations in Huntington Beach.

ADDENDUM

Min Kun Kim, who most recently served as chief executive coordinator at Kia Motors America Inc.’s headquarters in Irvine, was promoted to president and chief executive of Kia Canada Inc.

PHILANTHROPY

“Mentorship is one of the single most important gifts you can give to youth, especially those facing adversity,” says Melissa Beck, chief executive of Big Brothers Big Sisters of Orange County.

Greater Airport Area Office Market Dips, Lease Rates Up Slightly

Absorption in the Greater Airport Area office market in the fourth quarter was negative 42,007 square feet compared to positive 83,307 square feet in the third quarter.

Irvine Co. Nears Blockbuster Lease in Santa Clara

Ericsson Eyes 440,000 SF in Silicon Valley Project

Newport Beach-based Irvine Company is making more waves in the Silicon Valley office market, with a blockbuster lease for a development reportedly in the works.

Nonlocal Investors Drive Top Real Estate Sales in 2013

Distressed Deals Down, Development on Comeback

Nonlocal investors produced the bulk of activity last year in Orange County’s commercial real estate market, the first year since the onset of the recession that distressed deals didn’t make up a large portion of sales activity.

Title Insurers Turn to Buys As Refinancings Dry Up

Interest Rate Hikes Bring 13% Decline in Business

Business for Orange County’s largest title insurers took a step back in 2013 as rising interest rates brought about a steep drop in refinance work during the second half of the year.

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Standard Pacific CEO Stowell Joins Pacific Mutual Board

Scott Stowell, chief executive officer and president of Irvine-based homebuilder Standard Pacific Corp., has been named to the board of Newport Beach’s Pacific Mutual Holding Co., the ultimate parent company of Pacific Life Insurance Co.

Stearns Tops U.S. Market Share for Wholesale Residential Loans

Santa Ana-based Stearns Lending Inc. was ranked No. 1 wholesale residential lender for 2013 by Inside Mortgage Finance Publications Inc. in Bethesda, Md.

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Mitsubishi Electric Moving to Huntington Beach

Mitsubishi Electric Automotive America Inc. plans to consolidate its regional operations in Huntington Beach.

Top Minority-Owned Businesses Reach $12.8B in Revenue

ECONOMY: 5.5% increase in sales; 2.2% gain on OC jobs

The biggest minority-owned businesses based in Orange County combined for $12.8 billion in revenue last year, a 5.5% increase from a year earlier.

Convention-al Wisdom: Size Matters

Convention centers throughout Southern California and the nation battle in a never-ending contest to win the business of everyone from comic book geeks to medical device makers.

Costa Mesa Firm’s Route to Hollywood Runs SXSW

Hotel Conference Producers Take Bow at Austin Film Festival

There’s no business like show business, suggests the popular tune by Irving Berlin.

Pacifica’s Play: Stay at Beach, Add Services

HOSPITALITY: Hotel operator looks to grow management services

Investing in coastal properties has been a no-brainer for Pacifica Hotels ever since 1993, when it got started in Santa Barbara as the hotel investment and management wing of private equity firm Invest West Financial Corp.

DJM Hears Skeptics, Gets ‘Aggressive’ on Pacific City

REAL ESTATE: Joins list of OC retail projects in works

DJM Capital Partners Inc. has more than a big hole to fill along Pacific Coast Highway when it comes to its long-awaited Pacific City retail project in Huntington Beach.