Orange County Business Journal

REAL ESTATE

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

Taco Bell on Its Own in Irvine?; $3M for ‘Popcorn’ at Westin

Thanksgiving is in the books and you can see the year-end holidays from here.

Sales Up 2.3% at Biggest OC Shopping Centers

RETAIL: 32 biggest combine for $7.3 billion

Taxable sales at the top 32 shopping centers in Orange County grew for the fifth straight year, but at a slower pace, according to this week’s Business Journal list.

Westin South Coast Plaza Starts $20M Renovation

HOSPITALITY: More king beds; mini-bars, ‘popcorn’ ceilings out

The Westin South Coast Plaza in Costa Mesa is scheduled to start a $20 million renovation this week, with makeovers for its 393 rooms expected to be finished in April.

Up From San Diego

Hughes Marino Brings Family Affair, Focus on Tenant Side to OC

Do the basics so well that it’s cutting edge.

November Shapes Up to Match October Luxury Sales

Eight $4M-Plus Homes Sold in First Half of Month

In October, Orange County boasted 19 home sales that topped the $4 million mark, with the highest closed transaction fetching $10 million for the 4,000-square-foot oceanfront villa at 11 La Senda Place in Lower Three Arch Bay in Laguna Beach.

Industrial Vacancy Rate Hits Historical Low

There were approximately 1.1 million square feet of industrial space under construction at the end of the third quarter.

Prologis Adds to Portfolio With $18M Buena Park Buy

Price of Half-Full Property Comes to About $110 PSF

Denver-based industrial giant Prologis Inc. has picked up a large property near the Orange County-Los Angeles line.

Great Park Goes Commercial

Broadcom Campus Plan Puts Focus on ‘Companies and Jobs’

Expect to see a surge in commercial real estate development activity near the southern edge of the former El Toro Marine Base in Irvine, following the decision of Broadcom Corp. to relocate its headquarters to the Great Park Neighborhoods site.

Allergan Buyer Could Make Irvine HQ For Specialty Pharma

HEALTHCARE: Boss of N.J.-based Actavis likes OC’s appeal, talent

Orange County will remain a nerve center for Allergan Inc., according to the chief executive of its future parent company.

Debt Deal Puts Newport Center Values at New High

REAL ESTATE: Irvine Company takes $250M on 3 office buildings

Wells Fargo might not have its logo atop the newest office building on Newport Center Drive, but its name is on something just as important for the building: loan documents.

UCI Health Partners With IE Hospital

UC Irvine Health has struck a deal on an affiliation with Corona Regional Medical Center, a midsize hospital just across the Riverside County line.

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NB Title Company Acquired for $36M

Newport Beach-based title insurance company Experience 1 Inc. has been acquired by Solutionstar Holdings LLC for $36 million in cash.

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Supervisors Accept 2,500 Acres

The Orange County Board of Supervisors voted unanimously today to accept a donation of 2,500 vacant acres by the Irvine Company, said the parks unit of the county’s Community Resources department.

Another 180,000-SF Flip in South Coast?

REAL ESTATE: Would be 6th trade in 7 years for Costa Mesa office

Stop us if you’ve heard this one before: The distinctive Costa Mesa office that once held the headquarters of ICN Pharmaceuticals Inc. and later Valeant Pharmaceuticals International could soon have a change in ownership.

TRI Pointe in Full-Service Push for 2015 Sales Growth

REAL ESTATE: Adds mortgage, title services in wake of Weyerhaeuser deal

TRI Pointe Homes Inc. continues to build the foundation of an ambitious growth plan in 2015, despite some lingering questions over the health of the national homebuilding industry.