Orange County Business Journal

REAL ESTATE

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

Swiss Conglomerate Shifts Units to Irvine

A Swiss manufacturer has expanded its North American industrial piping systems division in a move from Tustin to Irvine.

Menlo Sheds Irvine Office With $36 Million Sale

REAL ESTATE: Investor paid $20M for offices in 2010

A two-building office property in Irvine a few blocks from John Wayne Airport has traded hands for $36 million.

Art Museum in Negotiations on Property

The Orange County Museum of Art said it’s negotiating with a unit of New York-based developer Related Cos. to sell its Newport Center property.

Healthcare Project Construction Manager Bought By JLL

Chicago-based commercial real estate brokerage JLL acquired Cleo Construction Management in San Clemente for an undisclosed amount. Cleo specializes in construction and management of healthcare projects.

South OC Continues Upward in First Quarter

Overall activity in the South Orange County commercial market picked up in the first quarter, recording positive net absorption of 176,679 square feet.

RREEF Adds Anaheim Hills Office to OC Portfolio

$18.5M Buy Comes After $20.4M Tustin Office Deal

Anaheim Hills Office Plaza, one of the largest North Orange County offices built in the last real estate boom, has had another change in ownership.

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Ensign Group Gets Four L.A. Facilities

Mission Viejo-based nursing home operator Ensign Group Inc. has agreed to acquire four care facilities in Los Angeles County from Keiro Senior HealthCare on undisclosed terms.

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CoreLogic to Close Charlotte Office

Irvine-based CoreLogic Inc. said it’s closing its Charlotte, N.C. office, cutting 46 jobs.

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OC Museum of Art Selling Newport Center Property

The Orange County Museum of Art said on Monday that it is negotiating with a unit of New York-based developer Related Companies to sell its Newport Center property.

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JLL Buys San Clemente Construction Manager

Chicago-based commercial real estate brokerage JLL, has acquired Cleo Construction Management in San Clemente for an undisclosed amount.

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190,000 SF Lease for Manhattan Beachwear

Cypress-based swimsuit maker Manhattan Beachwear LLC has signed a lease on a 191,000 square-foot location in Buena Park, where it plans to set up a warehouse and distribution center.

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J.L. Patterson Gets $7M Contract on SD County Bridges

Orange-based J.L. Patterson & Associates Inc. has received a $7 million contract from Oceanside-based North County Transit District to provide bridge inspection and management services.

Building Time in Orange?

Office Buys Could Spur Apartments, Tower Project

A big chunk of apartment construction and a new office tower could go up on land next to the Outlets at Orange following the recent sale of two nearby buildings.

Allergan’s New Look Likely to Include Slimmer Headquarters

HEALTHCARE: Plans some R&D cuts to boost earnings amid takeover battle

Look for Allergan Inc. to start looking different as the takeover battle for the Irvine-based drug maker grinds on.

TRI Pointe Expands Operations Post Weyerhaeuser Close

REAL ESTATE: Builder hires, grows office, as home prices rise

Expect a larger headquarters in Irvine but not much else in the way of local changes at TRI Pointe Homes Inc. following its audacious buy of the homebuilding division of Federal Way, Wash.-based timber conglomerate Weyerhaeuser Co.