Orange County Business Journal

REAL ESTATE

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

Gerrity Lists Brea, Mission Viejo Retail Centers for Sale

Properties, 12 Others Could Fetch $500 Million

Shopping centers in Mission Viejo and Brea are part of a portfolio of West Coast retail properties that are on the block and could sell for nearly $500 million.

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Two Freedom Shareholders Press for Receivership

Two investors who helped Aaron Kushner and Eric Spitz finance the purchase of Freedom Communications in 2012 have asked the Delaware Chancery Court to put the media company’s operations into receivership, claiming “it needs independent oversight because the company is insolvent and in financial distress from mismanagement,” according to the website Law360.

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Transit Center Signs Tenants

The Anaheim Regional Transportation Intermodal Center (ARTIC) has signed several new retail and restaurant tenants, the center said.

St. Joseph New Anchor for Downtown Anaheim With 191,556-SF Lease

REAL ESTATE: Deal for 8-story office largest so far this year

An eight-story building near Anaheim’s City Hall that previously served as the local operations hub for AT&T Inc. has been leased to a growing integrated-care medical group affiliated with Orange-based hospital operator St. Joseph Health System.

Much Bigger Homebuilder

TRI Pointe’s Revenue Jumps 1,621%—Before Big Buy From Weyerhaeuser

If you think TRI Pointe Homes Inc.’s revenue growth over the past 24 months is eye-opening, just wait until next year.

OC’s Hollywood Side; Montage on Block? Ackman at Airport

Sometimes the uninitiated are right even when they’re wrong about Orange County.

Billionaires Increasingly Invest in Ultra-Luxury Homes

Diversify Portfolios, Look For Location, Often in OC

Orange County’s coastal region, which stretches from the tip of Seal Beach at its northern edge to the end of San Clemente to the south, includes the most significant communities in the local luxury market.

Greater LA Sees Job Growth, Mix of Healthy, High Vacancies

Increased job growth helped fuel a surge in tenant demand in the Greater Los Angeles office market in the third quarter with 705,097 square feet of positive net absorption, which pushed the vacancy rate down to 16.5% and the average asking lease rate up to $2.67 per square foot, a 6.5% year-over-year increase.

Real Estate Deals

Premier Realty Management Inc. sold a two-story office building in Santa Ana to Big Brothers Big Sisters of Orange County.

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St. Regis Names New GM

The St. Regis Monarch Beach Resort in Dana Point named Ian Pullan its General Manager.

Miami Beach, New Orleans … and Irvine

REAL ESTATE: City part of push for Marriott’s Euro-style boutique

AC Hotels by Marriott, a European-style boutique hotel brand, will include Irvine in the first wave of a development push in the U.S.

Montage Bets $100M on Boutique Trend

HOSPITALITY: Hotel in Gaslamp district of SD won’t carry resort name

Irvine-based Montage Hotels & Resorts is breaking new ground in more ways than one.

Cresa, Travers in Deal to Combine OC Operations

REAL ESTATE: Tenant-rep brokerages ‘share same DNA’

Orange County’s two largest commercial real estate brokerages that solely represent tenants in lease negotiations are combining forces.

OC Lures Professionals in More Ways Than One

Chance for Independence, Creativity Part of Appeal

Sunny winters aren’t the only draw for financial industry professionals to move to Orange County from Wall Street and other finance centers on the East Coast.

Inland Empire Industrial Market Has Busy Third Quarter

The Inland Empire industrial market continued to grow in total gross activity during the third quarter, maintaining an upward trend that picked up in the second quarter after a relatively slow first quarter.