Orange County Business Journal

REAL ESTATE

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

Coastal Communities Boast Solid $10M+ Sales Year

2014 Appears To Eclipse Luxury Sales Last Year

Orange County’s coastal region is as renowned for its sophisticated yet laid-back vibe as it is for its captivating scenery.

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Mortgage Lender to Expand in OC

Stonegate Mortgage Corp. in Indianapolis said it plans to make more than 175 hires in Orange County for its recently created loan servicing subsidiary Stonegate Direct in Lake Forest.

Premium Cut on Irvine Ranch

Why Some Builders Share Profits, Even If Wall Street Wonders

Orange County’s high-end housing market is proving to be a big source of business for The New Home Co.—even if it’s been a source of confusion to some Wall Street investors and analysts who follow the homebuilder.

R&D Space at Premium in Third Quarter

The Orange County research and development market remained tight in the third quarter.

Pimco Tapped as Likely Buyer of Twin City Towers

5th St. Towers Could Be Latest Buy for Bond Giant

Newport Beach-based Pacific Investment Management Co. has emerged as the likely buyer of one of the most prominent office complexes in downtown Minneapolis, according to news reports from the Twin Cities.

Hotel Irvine Transformation Starts on Ground Floor

HOSPITALITY: New amenities, look for lobby, all 536 rooms

A yearlong renovation has Hotel Irvine ready for its interior close-up—with makeovers of meeting spaces and outdoor amenities scheduled for completion in January.

Equity Office Adds Costa Mesa Campus to OC Portfolio

REAL ESTATE: Blackstone unit now owns 1.5M SF in area

The office division of New York-based private equity giant Blackstone Group has added another big office complex in Costa Mesa to its growing Orange County portfolio.

KBS Spree Ranges From SJ to Va.

A $345 million acquisition spree by Newport Beach-based KBS Realty Advisors includes a prominent office tower in San Jose and a pair of deals on the other side of the country.

Caritas Turns Mobile Homes Into Upward Mobility

NONPROFITS: Operates 20 parks in region, three in OC

It could be hard to imagine what it must be like to escape one terrible situation, only to be trapped in a nearly identical situation a short time later.

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Hyatt HB Names New GM

The Hyatt Regency Huntington Beach Resort & Spa named Peter Rice its general manager, effective Dec. 2.

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Casa Laguna Changes Hands

Casa Laguna Inn & Spa, a boutique hotel in Laguna Beach, has sold on undisclosed terms.

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Catholic Diocese Gets $20M Pledge

The Roman Catholic Diocese of Orange said today its foundation received a pledge of $20 million from an undisclosed individual for its Christ Cathedral campus, the former site of the Crystal Cathedral in Garden Grove.

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Lyon Helps Fund CSUF History Work

The family of retired Air Force General William Lyon plans to give $150,000 to the Center for Oral and Public History at California State University-Fullerton, the school said.

Chinese Developer Buys A-Town Parcel in Platinum Triangle

REAL ESTATE: Plans to ask Anaheim for more units, mixed-use

A real estate company in China has bought one of the most prominent parcels of developable land in Anaheim’s Platinum Triangle, where it plans its flagship residential and commercial development project for the U.S.

Rockwell Collins to Shift In-Flight Entertainment Operations to Irvine

REAL ESTATE: Move from Tustin to Alton Corporate Plaza

Aviation electronics maker Rockwell Collins Inc. is relocating its regional operations from Tustin to Irvine after signing one of Orange County’s largest office leases of the year.