Orange County Business Journal

REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Hotel Manager Gets Equity, New Name

Newport Beach hospitality management company Unique Hotels & Resorts added an equity partner and launched a new company, Karas Lifestyle Hotels, to buy and manage properties.

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Kawasaki OC HQ to Foothill Ranch

Kawasaki Motors Corp. U.S.A said it will move its North American headquarters from Irvine to Foothill Ranch.

New Moves for Gym Chains

Local Companies Help Lead Industry Innovations in Fitness Workouts

Some of the hottest trends in the fitness industry are being developed in Orange County, prompting several locally based companies, including LA Fitness, UFC Gym and Fitwall, to aggressively expand their brands while offering very different experiences to their members.

Western Realco Gets Beckman-Coulter Site in Fullerton

REAL ESTATE: Business park would boost city’s industrial base

Western Realco is planning to build a multibuilding business park on land in Fullerton that previously held the headquarters of Beckman Coulter Inc.

Panattoni Lands Disney for Anaheim Concourse

REAL ESTATE: One of two largest at 14-building project

Walt Disney Co. has inked a deal to lease one of the largest new industrial buildings built in Anaheim over the past decade to support its local theme park and resort operations.

Monster Energy Duo Invests in Central OC

REAL ESTATE: Tower bought in deal with PRES Cos.

The cash-flush duo that runs Corona-based Monster Beverage Corp. is looking to provide a boost of energy to a high-profile office tower in Orange they’ve just bought.

Irvine Bank to Merge, Branches, HQ to Stay

Irvine-based Commercial Bank of California will merge with Brentwood-based National Bank of California, with CBC being the surviving entity.

Costa Mesa Hotel to Get New Name, Redo

The Avenue of the Arts Wyndham Hotel in Costa Mesa will be renovated and renamed under the Tribute Portfolio of Stamford, Conn.-based Starwood Hotels & Resorts Worldwide Inc.

13 Asics Stores Closed Due to Dispute

Asics America Corp.’s Fashion Island retail store is among 13 locations that licensed operator Windsor Financial Group LLC closed last week following a contract dispute between the companies.

Masimo Executives Outline Positions for Growth

Report: Company Could Develop ‘Third Pillar’

Irvine-based Masimo Corp. executives recently took to the road to share the patient monitor maker’s story with investors as it moves through the eighth year of its 10-year business plan.

Office Construction Sluggish, Industrial Building Plans Up in Q3

Orange County had about 1.1 million square feet of industrial space under construction at the end of the third quarter, with the majority of the projects—849,015 square feet—concentrated in North Orange County.

Allergan to Shed Pair of Off-Campus Offices in Irvine

Marketed For Potential Creative-Office Uses

Allergan PLC has put a pair of office properties it owns in Irvine on the market. It’s the first time Allergan has tried to shed locally owned buildings since its sale to Actavis PLC this year.

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Craig Gets Barstow Outlet Center

Newport Beach-based retail developer Craig Realty Group acquired an outlet center in Barstow from Tanger Factory Outlet Centers Inc. in Greensboro, N.C. for $106.7 million.

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Developer’s Santa Ana Restaurant Files BK

OM Restaurant Management LLC in Santa Ana filed for Chapter 11 bankruptcy protection on Friday, Oct. 9.

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Costa Mesa Wyndham to Go Boutique

The Avenue of the Arts Wyndham Hotel in Costa Mesa will be renovated and renamed under the Tribute Portfolio of Stamford, Conn.-based Starwood Hotels & Resorts Worldwide Inc.