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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.
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.
The Anaheim Regional Transportation Intermodal Center (ARTIC) has signed several new retail and restaurant tenants, the center said.
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.
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.
Sometimes the uninitiated are right even when they’re wrong about Orange County.
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.
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.
Premier Realty Management Inc. sold a two-story office building in Santa Ana to Big Brothers Big Sisters of Orange County.
The St. Regis Monarch Beach Resort in Dana Point named Ian Pullan its General Manager.
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.
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.
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.
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.
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.