REAL ESTATE
Ubiquity Evicted
Ubiquity Inc. has been evicted from its Irvine headquarters at 9801 Research Drive.
Five Point Sells More Land for Homes, Plots Retail
Five Point Holdings LLC said it has sold the 103 acres of land that will hold the next batch of homes at Irvine’s Great Park Neighborhoods, for $475 million.
MemorialCare to Close LB Hospital
Community Medical Center Long Beach, one of Fountain Valley-based MemorialCare Health System’s three hospitals in the area, will soon close due to not meeting earthquake building standards.
Chapman: $150M in Bonds for Student Housing
Chapman University will buy Katella Grand, a 399-unit apartment complex near Anaheim's Platinum Triangle, for $148 million, from UDR, a Colorado-based REIT.
$50M in Hotel Buys Hint at Past, Present
HOSPITALITY: Sales at Dyer & 55 Are Midscale Trend Marker
George Santayana said those who do not remember the past are condemned to repeat it, but sometimes that’s not so bad.
Chargers on Long Drive Deep In New Territory
SPORTS: Hoag deal, civic deeds vs. poor optics
The business challenges facing the Los Angeles Chargers front office in Costa Mesa midway through the season haven’t changed much since owner Dean Spanos moved the franchise north in January.
Aluminum Firm Maintains Innocence, Fights Seizure
Irvine Warehouse Part of International Tariff Caper
The foreign owners of Irvine’s 2323 Main St. industrial building are fighting the federal government’s attempt to seize ownership of the airport-area property, citing in court filings “demonstrably false” allegations and violations of its due process.
Cybersecurity Player Shifts to Silicon Valley
TECHNOLOGY: CrowdStrike follows talent, money to new HQ
One of Orange County’s hottest and highest valued private companies has moved its headquarters from Irvine to Silicon Valley.
Online Bank CalFirst to Voluntarily Delist From Nasdaq
FINANCE: Compliance costs cited for move to OTCQX
Troubled California First National Bancorp in Irvine is giving up on Wall Street’s main stage, citing regulatory costs.
New Owners for Costa Mesa’s Triangle, $55M Sale
REAL ESTATE: Caps $150M in deals for Greenlaw Partners
The Triangle, the Costa Mesa entertainment center that’s home to some of the city’s busiest nightspots, restaurants and other venues, has been sold to a Los Angeles-based real estate investor who’s no stranger to the dating scene.
South Coast Plaza Book Unveiled on Ocean Tour
Segerstrom Family Exec Gives Reporters Sneak Peek
Elizabeth Segerstrom, co-managing partner at Costa Mesa-based C.J. Segerstrom & Sons, invited about 50 of her closest media contacts and friends on a two-hour sail Halloween night on Foggy, a boat designed by famed architect Frank Gehry.
Silicon Valley Lease Gives Irvine Co. Notable Name
164,000 SF for Amazon, Takes Ericsson Space
Tasseography followers, take note: Amazon appears to be a fan of Irvine Co. office properties.
Broadcom Charter to Delaware
Chipmaker Broadcom Ltd. plans to move its official headquarters to the U.S. from Singapore, the company announced today at a press conference that included Broadcom Chief Executive Hock Tan and President Donald Trump.
CareTrust Buys SoCal Skilled Nursing Assets
San Clemente-based CareTrust REIT Inc. acquired a three-facility 529-bed skilled nursing portfolio in Southern California from Providence Group for $69 million. The portfolio will yield approximately $6.1 million in initial annual cash rent.
LoanDepot Starts JV
LoanDepot LLC, the nation’s second largest non-bank consumer lender, announced a joint venture with OfferPad, a real estate investment company, to speed up the process of mortgage approval.
