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The Orange County office market, building on an already-successful 2014, is gaining momentum through the turn of the year.
The Orange County industrial market was tight throughout most of 2014, a sign that the region is in need of a significant amount of new construction and development projects on top of its current 253 million or so square feet.
REAL ESATE: Too Faced adds space amid reports of sale
Too Faced Cosmetics LLC, an Irvine-based cosmetics company that’s said to be considering a sale, has inked a lease for a much larger headquarters in its hometown.
FINANCE: NB-based firm busy with small-stake strategy
Newport Beach-based investment firm Kodiak Capital Group LLC is off to a busy start this year with several deals on the books and plans to consolidate its East Coast operations in Orange County in coming months.
HOSPITALITY: High-end resorts compare well with LA, SD
A couple of annual rankings and ratings of hotels, resorts and restaurants provide some fresh perspective on Orange County’s hospitality trade, which shows up strongest at the highest end when compared with neighbors to the north and south.
Irvine-based Standard Pacific Corp. is the lone locally based homebuilder tapped to build homes at Beacon Park, the second community planned for Great Park Neighborhoods.
Sales and leases of offices, industrial buildings, retail space and apartments
Turner Real Estate Fund II LP sold an office building in Newport Beach to The Halpern Group for $9 million, or $297.42 per square foot.
Silicon Valley Portfolio Now Tops 4 Million SF
Irvine Company has made another pricey office investment in the Silicon Valley city of Santa Clara.
Irvine-based Opus Bank has agreed to pay $25 million for Commerce Escrow Co. and its affiliate business RPM Investments Inc.
Irvine-based Standard Pacific Corp. is the lone locally-based homebuilder tapped to build homes at Beacon Park, the second community planned for the Great Park Neighborhoods.
NONPROFITS: At Operation Christmas Child’s Western hub
Nearly a million Christmas stories are just beginning from a run-of-the-mill warehouse in Huntington Beach.
Speculative development isn’t a dirty word anymore for area commercial real estate developers.
Local financial industry professionals are banking on an improving U.S. economy that could feed business growth here.
Local hotels had steady increases in occupancies and room rates this year, reflecting national upward trends as the industry continued to climb out of post-recession declines.
Sunstone Hotel Investors Inc. president John Arabia has been appointed chief executive of the Aliso Viejo-based company.