Orange County Business Journal


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

Samsung Unit Plans Move to La Palma

A division of South Korea-based Samsung Group is planning to move its U.S. operations to Orange County in coming months.

Coastal Comeback

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.

Hines Gets 6 Buildings, Extra Acres at Brea Place

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.

Arbonne Renews Lease for 146,000-SF HQ in Irvine

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 Market Up in First Quarter

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.

Upscale Student Housing Project Set for UC Irvine

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.

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Ensign Set to Complete CareTrust Spinout

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.

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Bridge Bank Expands in OC

San Jose-based Bridge Capital Holdings has pegged Costa Mesa as a key location for growth in the Southern California region.

Irvine Company Tops 2 Charts on $850 Million Buy

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.

Yokohama Tire Plans to Leave Fullerton

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.

Hotel Construction, Remodeling in High Gear

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.

High-Rise Office Vacancies Up in First Quarter

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.

KBS Realty Spends $340M on Buys in Three Cities

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.

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R.D. Olson Construction Appoints President

Irvine-based R.D. Olson Construction has named Bill Wilhelm president.

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St. Regis Monarch Beach Sold

The St. Regis Monarch Beach in Dana Point has been sold to a Denver-based private equity firm.