Orange County Business Journal

REAL ESTATE

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

New Home Takes Upscale Offerings To Phoenix Market

REAL ESTATE: First project outside state resembles Meridian in Newport

The New Home Co. has inked a deal to build an upscale housing project in the Phoenix area, its first development outside California.

China-Based Builder Gets 96 Acres in Lake Forest

REAL ESTATE: Pegged for 626 homes; deal estimated at $190M

A China-based homebuilder looking to diversify its operations into the U.S. has bought a big development site in Lake Forest.

John Hancock Pays $104.5 Million for 5000 Birch

REAL ESTATE: Insurer adds 3rd office building in JWA area

The real estate investment arm of John Hancock Life Insurance Co. has added a pair of office buildings in Newport Beach to its growing local portfolio.

Karma Lands BMW Deal for Components

Costa Mesa-based Karma Automotive notched a deal to integrate BMW components into its vehicles.

ICU Medical Looks to Increase Lucrative OEM Work

Manufacture of Parts For Others ‘Outperformed’

Making parts for other manufacturers is paying off for San Clemente-based ICU Medical Inc.

Western Realco Buys 2nd Fullerton Development Site

8 Acres a Few Blocks From Former Beckman HQ

Western Realco has added another property in Fullerton—and another site with ties to medical testing company Beckman Coulter Inc.—to its industrial development pipeline.

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LoanDepot Pulls IPO

LoanDepot Inc. has withdrawn its initial public offering.

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Freedom Exec Exits for FivePoint

Freedom Communications Inc. in Santa Ana said Steve Churm stepped down from his position as chief revenue officer to join Aliso Viejo-based FivePoint Communities Management Inc. as its new chief communications officer.

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Mobilitie Raises $325M in Debt Funding

Newport Beach’s Mobilitie LLC said that it had raised $325 million to fund the deployment of its wireless infrastructure projects.

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Montage to Manage $60M Indie Hotel

Irvine-based Montage Hotels & Resorts will manage a $60 million hotel in Baltimore being developed by Kevin Plank, founder of apparel company Under Armour Inc., according to the Baltimore Business Journal.

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LoanDepot Sets IPO Terms

LoanDepot Inc. has outlined details of its initial public offering, which appears to value the company at about $2.5 billion.

Homebuilder Tops List After 2 Years Back in Public Market

Industry Watchers Speculate It Could Be Ripe for Consolidation Trend

Improving fortunes in the housing market and a disciplined operating plan have provided a boost to the fortunes of William Lyon Homes Inc. during its return to the public markets.

Garden Grove Hyatt Draws Chinese Buyer

REAL ESTATE: Shanghai firm paid $137M for 653-room hotel

An affiliate of one of China’s largest construction companies has purchased the Hyatt Regency Orange County in Garden Grove for $137 million.

OC-Bound Sports Gear Maker Adds Brand to Fold

MARKETING: Will consolidate Philadelphia-based operation here

United Sports Brands will make its move from the Midwest to Orange County with one more brand in tow.

New Flag, Renovation for South Coast Metro Hotel

HOSPITALITY: $5M more for ex-Wyndham near Segerstrom

A $5 million room redo and a new brand for the former Avenue of the Arts Wyndham Hotel in Costa Mesa mark the latest upscale moves in a section of the city’s South Coast Metro district anchored by Segerstrom Center for the Arts.