Orange County Business Journal


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

Rare Commercial Deal in Pricey Corona del Mar

2-Building Office-Retail Space Nabs $734 PSF

A pair of office and retail buildings on East Coast Highway in Corona del Mar has traded hands at what’s been described as a record price for the area.

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LoanDepot Files for IPO

Foothill Ranch-based mortgage lender loanDepot Inc. has filed for an initial public offering with the Securities and Exchange Commission.

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NB Investor Gives $50M to Hoyas

Peter and Susan Cooper have pledged $50 million to Georgetown University in Washington, D.C. for athletics and leadership projects, the school said.

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OC Weekly Moves to TechSpace

OC Weekly has moved its office to TechSpace Costa Mesa at 3420 Bristol Street, a shift of about two miles that came after its lease for a larger space on Red Hill Avenue expired.

Status Update on Irvine Company Retail

Fashion Island Sidles Up to South Coast Plaza; A+ for Irvine Spectrum

The Irvine Company’s efforts to ensure its retail properties remain relevant to today’s click-happy shoppers have gotten noticed—and not only by the locals who descend en masse to the Irvine Spectrum Center on weekends or the well-heeled tourists flocking to Fashion Island.

CalAtlantic Goes With Irvine Over Westlake Village

REAL ESTATE: Expects to set up similar corporate hub on East Coast

Irvine has gotten the nod over Westlake Village in the merger of Standard Pacific Corp. and Ryland Group Inc.

Emulex Campus Next in Line for Creative Office Makeover

REAL ESTATE: Upgrade, possible addition to 3-building campus

The new owner of Emulex Corp.’s headquarters in Costa Mesa is planning a creative-office redevelopment of the existing three-building campus, with additional ground-up development on excess land at the property a possibility.

Simply Simon

‘Real Success Is Achieving What Others Believe to Be Impossible’

Ronald Simon started small.

Albertsons Plans Chilly Expansion in Irvine Spectrum

Distribution Center Project Could Start in November

The Irvine Spectrum’s industrial market is about to get a little cooler, and a creative-office redevelopment isn’t the cause this time around.

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Supervisors Consider $101M Airport Contract

The Orange County Board of Supervisors is scheduled at its Oct. 6 meeting to vote on awarding a four-year contract for $101.8 million to Swinerton Builders in Irvine to refurbish and seismically retrofit buildings and terminals at John Wayne Airport.

Why Google Has Eyes for Irvine

Quality Counts as City Joins SD, Louisville on Short List for Fiber Program

Irvine’s diverse economy, increasingly vibrant startup scene, affluent demographics, and residential mix all helped put Orange County’s third largest city on track for Google Inc.’s new Internet and TV service.

Out of Ordinary for Newport Beach: Factory Upgrade

TECHNOLOGY: Chipmaker to put $15M or more into plant on Jamboree

Israel-based Tower Semiconductor Ltd. is investing $15 million to $20 million to upgrade its Newport Beach manufacturing plant to meet growing demand for new generations of chips for smartphones and other wireless devices.

Architecture Firms Ramp Up With 9% Billings Increase

40 Biggest Combine For $474M in Local Work

Orange County’s architecture firms combined for a 9.1% increase in local billings this year following a modest 1.6% increase in local billings last year, and are on track to return to the 13% surge they had in 2013.

Engineering Firms Reverse Last Year’s Billings Drop

Increase Total By 1.7% Following 1.5% Decrease

Orange County’s top engineering firms with headquarters or significant operations here have recovered from a 1.5% drop in billings last year, posting a 1.7% increase in local billings during the 12-month period ended June 30.

LA-Based Retailer Gets Anna’s Name

MARKETING: Fallas-Paredes chain also picks up 41 leases

Scott Gladstone didn’t manage to hold on to Anna’s Linens Inc.’s name, according to documents filed with the U.S. Bankruptcy Court for the Central District of California in Santa Ana.