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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.
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.
Here are a couple of big OC names that make a natural marketing match: Pacific Life and filmmaker MacGillivray Freeman.
REAL ESTATE: $1.4M-per-room sale of Montage an OC record
The Chicago-based investor that was reportedly exploring a sale of its lone Orange County property just 18 months ago has instead added to its local resort holdings.
RESTAURANTS: Bucks trend of fast-casual, eyes Westminster
John’s Incredible Pizza Co. is in talks to open a restaurant in Westminster Mall as it doubles down on its long-standing family-oriented approach amid the recent popularity of fast-casual restaurants that appeal to food afficianados.
REIT Buys New Center For Estimated $111 Million
Add Donahue Schriber Realty Group to the growing list of Orange County commercial real estate companies spending big dollars in Silicon Valley.
Executives were honored in five categories last night at the Orange County Business Journal CFO of the Year awards, which drew a crowd of about 600 to the Hotel Irvine.
AAC Holdings Inc., a publicly traded operator of inpatient substance abuse treatment centers, is buying a hospital with a license for 84 beds in Aliso Viejo for $13.5 million, according to a news release.
Chipmaker Puts Price on Plans for Great Park Campus
Irvine-based Broadcom Corp. is investing nearly $800 million for its new headquarters next to Orange County Great Park, according to regulatory filings.
REAL ESTATE: Entire building at MacArthur and Jamboree taken
Irvine-based Hyundai Capital America Inc. is consolidating a large portion of its sizable local operations at the 4000 MacArthur office campus in Newport Beach.
REAL ESTATE: Hedge-like fund eyes end to strong run for hotels
Ken Cruse, who recently left the top job at Aliso Viejo-based hotel investor Sunstone Hotel Investors Inc., has started an investment company that will try to take advantage of the next downturn in the hospitality industry.
A big chunk of the Irvine Company’s operations outside of OC got a lengthy overview in a recent issue of the Silicon Valley Business Journal, which put some meat on the bones of a 25-year process that has seen Donald Bren amass 7,000 apartment units and 4 million square feet of office space in the region.
Chicago-based Strategic Hotels & Resorts Inc. bought the Montage Laguna Beach for $360 million, the hotel investor said.
One Had Been Held By Same Owner for 40 Years
A recent flurry of luxury home sales illustrated the range—in terms of style and price—of the high-end market in Orange County.
The Inland Empire industrial market had many positive economic signs throughout 2014, an indication the region is still substantially expanding. Growth of tenants has largely propelled the activity.