Orange County Business Journal

REAL ESTATE

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

Brea Industrial Project Moves Ahead on Imperial

Clarion, Pacific Industrial Buy Site From Greenlaw

Land in Brea that once held an RV storage facility is on the fast track to hold one of the city’s largest new industrial buildings.

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Henry Segerstrom Passes

Henry Segerstrom has died at age 91, after a short illness, according to C.J. Segerstrom & Sons, owner and manager of South Coast Plaza.

4000 MacArthur Offices Sold to Hines, Oaktree

$100M+ Deal Follows Big Lease for Hyundai Capital

The 4000 MacArthur office complex in Newport Beach has traded hands for more than $100 million, just weeks after the two-building property landed one of the largest tenants on the market.

Burnham Eyes LB For New Retail Project

REAL ESTATE: Buys Douglas Park land from Sares-Regis

Newport Beach-based Burnham USA Equities Inc. has bought nearly 30 acres of land next to Long Beach Airport where it’s planning one of the largest retail projects in the city in years.

Gen. Lyon Helps Mission Buy Apartments for Vets

NONPROFITS: Bigger project could follow

The Orange County Rescue Mission is expected to close this week on two four-unit apartment complexes in Tustin for a reported $533,000 as it plans to pursue a bigger land deal this fall, looking to grow the number of beds it provides by one-third, from about 390 to about 520.

Sunstone CFO Aids REIT’s Reinvention

Aliso Viejo-Based Hotel Investor Sheds Debt, Gains Leverage

Bryan Giglia has helped Sunstone Hotel Investors Inc. complete a corporate makeover as extensive as any redevelopment the company has undertaken for one of its portfolio hotels.

Wine Rooms Particularly Popular Luxury Amenity

Trulia Review Shows OC Homes Have Most in US

Italian philosopher, astronomer and mathematician Galileo reportedly once said, “Wine is sunlight, held together by water …” —and it appears those who call Orange County home agree with that idea.

High-Rise Market Gets Fourth-Quarter Bump

Orange County’s high-rise market ended the fourth quarter with increased demand, resulting in 436,778 square feet of positive net absorption.

Von Karman’s Cluster of Data Centers Could Expand

Menlo Equities Plans To Reconfigure Warehouse

Menlo Equities LLC hasn’t found too much success leasing out its Quintana office campus near John Wayne Airport. But the Palo Alto-based company appears to be seeing strong user interest at an industrial complex it owns next door, thanks to tenants of a different type.

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Vacation Rental Tech Firm Gets $5M

Irvine-based travel-technology company BookingPal Inc. got $5 million in a venture capital round.

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Plaza Bank’s Merger Partner Sells Mortgage Unit

Bank of Manhattan, which is in the process of merging with Irvine-based Plaza Bank, has agreed to sell its mortgage business to Wilshire Bancorp Inc. in Los Angeles.

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Hotel Sales Spike in 2014

The number of hotels sold in Orange County more than doubled and their dollar value increased five-fold in 2014 compared with a year earlier, according to Irvine-based hospitality consultant Atlas Hospitality Group.

Blue Sky Over JWA

OC-Based Charter Services Catch Recovery’s Tailwind

Charter air service is finding friendly skies over Orange County, where demand for private flights has gained altitude in recent months.

HCP Back in OC, Big in Bay Area With Campus Plan

REAL ESTATE: Eyes lifescience tenants for 884,000-SF project

A recently returned corporate citizen of Orange County has gotten started on one of the largest office developments under way in California—an 884,000-square-foot project that will mix a hotel and retail space into an office development intended for lifescience companies in the Bay Area.

OC Mortgage Lenders Poised for Strong Run

FINANCE: Nonbank enterprises claim ground in recession’s wake

A number of mortgage lenders in Orange County have readied themselves for what’s expected to be a strong year for home loans.