Orange County Business Journal

REAL ESTATE

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

Google Capital Puts $50M in Auction.com

Irvine-based Auction.com, an online real estate auction company, reportedly received a $50 million investment from Google Capital, an investment arm of the Internet giant.

10 OC Residents Make Top Billionaire List

Ten of Orange County’s wealthiest were named on Forbes’ latest list of top billionaires in the world.

Home Sale Sets Four-Year San Juan Capistrano Record

Nets $5.6M, Most Per Square Foot Since 2010

A home at 31831 Paseo Cielo sold on Feb. 20 for $5.6 million, the highest price per square foot in San Juan Capistrano and the nearby city of Laguna Niguel and community Coto de Caza since 2010.

West OC Industrial Sees Decrease in Vacancy, Rise in Sale Prices

The fourth quarter in West Orange County continued to demonstrate positive trends the submarket has been consistently witnessing.

Uptown Newport Alters Ownership, Moves Ahead

Shopoff Buys Out DRA, Brings in Picerne Group

The Uptown Newport mixed-use development on Jamboree Road is preparing for its first major round of construction following a few changes in ownership for the high-visibility Newport Beach project.

Real Estate Deals

John Higman sold an industrial and manufacturing building in Brea for $5.5 million to Air Treatment Corp., an HVAC systems equipment and design contractor.

Volume Here Bucks Nat’l Trend for 3% Jump on 310 Deals

Number of Deals Down 11% in U.S.; Total Value Up

The pace of merger-and-acquisition activity by Orange County businesses rose by about 3% in 2013, capping the year at 310 deals.

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Google Capital Puts $50M in Auction.com

Irvine-based Auction.com, an online real estate auction company, said it will receive a $50 million investment from Google Capital, an investment arm of the Internet giant.

Equity Office Eyes Addition to Portfolio in South Coast Metro

REAL ESTATE: Deal for Santa Ana towers pegged at nearly $130M

The office division of private equity giant Blackstone Group is poised to become one of the two largest landlords in the South Coast Metro business district, based on an impending deal for the Griffin Towers office complex in Santa Ana.

Verizon Job Cuts Prompt Give-Back on Lease

REAL ESTATE: Irvine Company to redo 2 of 5 Spectrum buildings

A portion of the regional headquarters of Verizon Wireless in the Irvine Spectrum will be converted into a multitenant office park, a result of the telecom’s recent decision to trim its local head count by more than 40%.

Burress by the Hour; Doti’s Roadmap; Bealls’ Starry Night

Jay Burress had a lot of good news to go over on his first full year as president and CEO of the Anaheim/Orange County Visitor & Convention Bureau.

Sign of Confidence in South OC: Maserati Dealership

AUTOS: Home development fuels addition; Alfa next?

Buongiorno, South Orange County!

Fundraising and All That Jazz

Garth Hogan, Newmark Grubb Knight Frank’s executive managing director of Global Healthcare Services;

ADDENDUM

Chase Bank is laying off 168 employees from its mortgage operations in Irvine by early March.

Affliction Exec Buys Observatory Theater in Santa Ana

$10M Deal Includes 47,319-SF Office

A cofounder of apparel company Affliction Inc. has bought the Santa Ana building that holds the Observatory OC concert venue where he’s an investor, as well as an adjacent office.