Orange County Business Journal

REAL ESTATE

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

LB Hotel Fetches $8.2M in Auction

HOSPITALITY: $124,000 per room for Best Western affiliate

A 66-room hotel in Laguna Beach is set to change hands for $8.2 million after the note securing it was sold via an Internet auction last week.

Tease photo

RSM Pizza Chain Expands in California

Rancho Santa Margarita-based Pieology Pizzeria plans seven new locations in Northern and Central California by the end of 2014.

Tease photo

Four OC Schools in Great Park Solar Project

Two universities and two community colleges in Orange County are working together on next year’s entry for the Solar Decathlon at the Orange County Great Park in Irvine.

Airport Plots Out Bigger Travel Plans

TRANSPORTATION: JWA aims for more passengers, Mexico service

John Wayne Airport plans to reintroduce incentives for an airline to offer new routes to Mexico as part of its 2015 flight plan, which also includes more passengers and 15 additional flights by Southwest Airlines.

Creative Designs in Mind for Anaheim, Irvine Sites

REAL ESTATE: $10M redo for offices next to Angel Stadium

Tenant demand for creative-office space in Orange County is about to get its biggest test yet at an office complex across the street from Angel Stadium of Anaheim.

High-Rise Costa Mesa Projects Knocked Down a Notch

REAL ESTATE: Planned Costa Mesa towers to become rentals

High-rise condominium plans in Costa Mesa’s ritzy restaurant, shopping and arts center are coming back down to earth.

REIT Spends $59 Million on Properties

Irvine-based Sabra Healthcare REIT Inc. said it bought eight properties in three states for $59.1 million.

Historic Laguna Home Once Hosted Hollywood Elite

Agent Says Fewer Modern Features Offset by Assets

The historic mansion perched high above a private cove in Laguna Beach at 2592 Coast Highway is reminiscent of an old-time movie setting with its dramatic location overlooking the ocean.

Low-Rise Market Has Strong Second Quarter

Activity in Orange County’s low-rise office sector continued its positive momentum in the second quarter, generating 166,503 square feet of positive net absorption. That brought the year-to-date net absorption total to 162,554 square feet.

Tease photo

Allergan Laying Off 40 in Carlsbad

Irvine-based drug maker Allergan Inc. filed papers with state officials saying it will lay off 40 workers in Carlsbad, effective Nov. 28, according to a Worker Adjustment and Retraining Notification notice filed with the state Employment Development Department.

Tease photo

Sabra Spends $59.1M for Properties

Sabra Healthcare REIT Inc., which is based in Irvine, said today that it bought eight properties in three states for $59.1 million.

Tease photo

NB Council to Vote on Airport Deal

The Newport Beach City Council is set tonight to vote on a new amendment to an agreement that governs operations at John Wayne Airport.

Tease photo

Island Hotel Opens Foodie Space

The Island Hotel Newport Beach plans to open Market Place, its retail craft food and drink offering inside the hotel, this week.

FivePoint Increases Stake in Great Park

REAL ESTATE: Buys out early investor as next phase of project nears

The developer of the Great Park Neighborhoods in Irvine is increasing its ownership stake in the massive project at the former El Toro Marine Corps air station, where a new batch of residential, commercial and park construction is about to begin.

Healthcare Behind Another Big Move in Mission Viejo

REAL ESTATE: 4-story office planned next to Mission Hospital

A four-story medical office development is being planned for a spot across the street from Mission Hospital in Mission Viejo in the latest big real estate deal involving property next to the St. Joseph Health-run facility.