Orange County Business Journal

REAL ESTATE

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

CT Realty’s Office Investment Plan Leads to Orange

Centrum South Follows Nearby $44M CHOC Deal

CT Realty Investors, one of Orange County’s biggest industrial investors and developers in recent years, has added another local office building to its portfolio.

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BP Cardboard Box Plant to Close

A 465,000-square foot corrugated box plant in Buena Park run by Atlanta-based Georgia-Pacific LLC will close by Sept. 1, the company said.

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Sanuk to Exit Irvine HQ

Deckers Outdoor Corp. said it will move Irvine-based sandal maker Sanuk USA LLC to its headquarters in Goleta to help “streamline brand operations and reduce infrastructure costs.”

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Nordstrom Rack Coming to Center

Irvine Company said it plans to add a Nordstrom Rack store to its 120-tenant lineup at The Market Place shopping center in Tustin and Irvine.

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Montage Investor to Provide Up to $200M for Growth

Montage Hotels & Resorts LLC in Irvine said a real estate fund affiliated with Ares Management LP in Los Angeles will buy up to 20% of the hospitality manager and, in addition, commit “up to $200 million” to acquire and develop properties which Montage would operate.

Developer Would Raze Los Al City Hall for Retail

REAL ESTATE: Lincoln owns 10-acre parcel next door

Lincoln Properties Co. is in talks to buy the Los Alamitos City Hall and municipal center, a 3.1-acre site on Katella Avenue where the developer plans to build a shopping center.

Hines Adds to Local Portfolio With Former Fisker HQ

REAL ESTATE: Plans makeover to stand out in Anaheim Canyon

Hines Interests LP has bought the former headquarters of Fisker Automotive and Technologies Group LLC in Anaheim, adding another office to its already sizeable base of buildings in North Orange County.

Early Sales Show Luxury Market Off to Strong Start

Five Move in First Ten Days, Four on Coast

Five Orange County luxury homes sold during the first 10 days of the year, and four of those are ocean-view homes in OC’s priciest communities. The other is an expansive estate on an acre-plus spread in Coto de Caza that once graced the cover of Unique Homes magazine.

Rare Run on PCH

‘Entirely New Type of Investor’ for Commercial Properties Along NB Stretch

It’s rarely a bad time to sell a waterfront commercial property in Newport Beach, home to some of the most desirable—and expensive—real estate in California.

Koreatown South: LA Investor Buys Into Buena Park Downtown

REAL ESTATE: Adds 535,000 SF of retail in wake of sale of LA mall

A Los Angeles-based investor with ties to that city’s Korean-American community has bought a majority stake in Buena Park’s largest mall.

Platinum Triangle Pendulum Swings Back

For-Sale Project Follows Nearly 10 Years of Rental Developments

A Newport Beach-based homebuilder is planning the first dedicated for-sale housing project in Anaheim’s Platinum Triangle district in nearly a decade.

400 Spectrum Tower on Track After Nearby Leases

WeWork, Curse Inc. Join Mazda in 21-Story Office

The Irvine Co.’s plans for a sister tower for its 200 Spectrum office building appear to be on the fast track after a flurry of leasing activity for the developer’s speculative office tower, which is nearing completion.

Real Estate Deals

Sales and leases of offices, industrial buildings, retail space and apartments

CT Realty Investors, New York State Common Retirement Fund and Artemis Real Estate Partners sold an industrial building in Huntington Beach to Rexford Industrial for $17.1 million, or about $149 per square foot.

‘Creative’ Offices Go Big With Latest Wave of Projects

Multistory Office Sites Get Developer Attention

Area office owners are super-sizing the latest crop of creative-office redevelopment projects on tap in Orange County.

Office Sales

Largest OC transactions in Q4

Largest OC transactions in Q4