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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.
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.
Aliso Viejo-based Five Point Holdings Inc. said it’s planning an initial public offering.
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.
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.
MightySat Rx Device Unavailable in US
Masimo Corp. ended June on a regulatory roll.
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.
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.
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.
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.
Newport Beach-based real estate investment trust RichUncles LLC has received a $3 million loan from Pacific Mercantile Bank in Costa Mesa.
PrimeGen Biotech LLC, a stem cell company, has moved from Irvine to a new facility in Santa Ana.
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.
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.
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.