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A division of South Korea-based Samsung Group is planning to move its U.S. operations to Orange County in coming months.
St. Regis Price Pegged at $320M, Reflects Rebound for Luxe Resorts
If the foreclosure proceedings faced by the St. Regis Monarch Beach Resort in 2009 was Orange County’s most notorious illustration of the last real estate crash, then May’s low-key sale of the posh resort represents a quiet but clear comeback for the high end of the hospitality industry here.
REAL ESTATE: Latest deal with Oaktree totals 560,000 square feet
Hines Interests LP has established itself as one of the largest commercial property owners in North Orange County following the purchase of a six-building office campus in Brea.
REAL ESTATE: Cosmetics firm considered relocation
Cosmetics company Arbonne International LLC has renewed the lease for its Irvine headquarters in one of the largest leases reported in the county so far this year.
Low-rise office sector activity continued to pick up during the first quarter in four of the five Orange County submarkets, though Fisker Automotive vacated 156,000 square feet of low-rise office space at 5515 E. La Palma Ave. in Anaheim, basically neutralizing the statistics.
Beat Out Two Bidders for $92 Million Dorm Project
Construction company Hensel Phelps has been selected to build a student housing project for freshmen at the University of California-Irvine.
Mission Viejo-based nursing home operator Ensign Group Inc. will complete the spin-off of its real estate holdings into a separate publicly traded company after the close of trading Monday.
San Jose-based Bridge Capital Holdings has pegged Costa Mesa as a key location for growth in the Southern California region.
REAL ESTATE: New benchmark for OC acquirers, Chicago sellers
Real estate watchers had been expecting the Irvine Company to go on an office-buying binge since last year, when Orange County’s dominant real estate owner and landlord struck a financing deal to free up nearly $875 million in cash for potential acquisitions.
REAL ESTATE: Plans to sell HQ here, shift to 658,000 SF in IE
Yokohama Tire Corp. plans to move its corporate headquarters from Fullerton to a newly built industrial facility in Chino later this year.
Industry Employment, Though, Essentially Flat
Dirt’s turning at a rapid clip for Orange County’s hotel landscape, and there may be no other local company that reflects that activity more than R.D. Olson Construction.
The high-rise office market in Orange County usually performs well, but due to some large move-outs in the North and Central Orange County submarkets, vacancy increased and net absorption fell into the red at the end of the first quarter.
Phoenix, Baltimore, Atlanta Targeted in Recent Round
KBS Realty Advisors remains on the hunt for acquisitions after pulling off one of the larger office sales of the year.
Irvine-based R.D. Olson Construction has named Bill Wilhelm president.
The St. Regis Monarch Beach in Dana Point has been sold to a Denver-based private equity firm.