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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Appraiser Buys in Reno

Orange-based real estate appraisal company LRES acquired InsideValuation, a commercial and residential appraisal company in Reno, Nevada, on undisclosed terms.

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House of Blues to Add 100 Jobs

House of Blues Anaheim owner Live Nation Entertainment Inc. lists a May 31 closing date for the Downtown Disney venue in a filing with the California Employment Department.

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CoreLogic Names New CFO

Irvine-based CoreLogic Inc. said James Balas is its new Chief Financial Officer.

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St. Regis to Drop Flag June 1

St. Regis Monarch Beach in Dana Point will drop its “flag” and change its name to Monarch Beach Resort on June 1.

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William Lyon Homes Makes Management Changes

William Lyon Homes has announced a series of executive management changes to the Newport Beach-based homebuilder, including a new role for the company’s namesake and founder, General William Lyon, as well as a new stand-alone chief executive.

Greenlaw Plans Rentals, Hotel Near Outlets Mall

REAL ESTATE: For-sale project in IBC also on developer’s agenda

Real estate investor and developer Greenlaw Partners is pushing ahead with plans to build more than 900 apartments and for-sale homes and a hotel in separate projects on land it owns in Orange and Irvine.

LBA Sheds More Light on 9-Acre Mixed-Use Project

REAL ESTATE: 423,000 SF of space across from Park Place

LBA Realty Inc. has disclosed more details, plus early-stage renderings, of the mixed-use campus it’s targeting for a 9.4-acre site at the intersection of Jamboree Road and Michelson Drive in Irvine.

Volt Campus in Orange to Hines JV for $36 Million

REAL ESTATE: 15-year leaseback planned for office

The Irvine office of real estate developer and investor Hines Interests LP has made its first purchase in the city of Orange, picking up the office campus of Volt Information Sciences Inc.

OC Still Coveted as Overseas Buyers Hit Pause Elsewhere

Expert Says Chinese Pullback Not Seen Here

Foreign investment in U.S. real estate is hitting the pause button, according to a report by the National Association of Realtors, and the pullback is most evident among Chinese buyers affected by China’s slowing economic growth, currency devaluation and tightened restrictions on capital outflows. Other reasons the report cites include a stronger U.S. dollar and rising home prices.

Real Estate Deals

Sales and leases of offices, industrial buildings, retail space and apartments

The E-Land Co. sold a creative-office building in Irvine to the Parviz Ramezani Trust for $1.9 million, or about $375 per square foot.

Church Site in Orange Sold for Luxe Home Project

New Home Co. Uses Land Banker for Marywood Buy

The Roman Catholic Diocese of Orange has completed the sale of its former administrative headquarters in Orange, which is slated to be turned into a residential development by Aliso Viejo-based New Home Co.

App Beats Pitch Competitors to Take Home $20,000

Tech Coast Angels of Orange County held its inaugural Celebration of Entrepreneurship on March 10, when San Juan Capistrano-based Globe Chat took the overall prize in the Fast Pitch competition.

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County RFQ Out on DP Harbor

The County of Orange today released a request for qualifications for the redevelopment of Dana Point Harbor.

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OC Resorts Have New China-Based Owner

Two luxury hotels in Orange County – the Montage Laguna Beach in Laguna Beach and the Ritz-Carlton Laguna Niguel in Dana Point—have a new China-based owner.

Real Estate Real

Sales and leases of offices, industrial buildings, retail space and apartments

Hamilton Center, a multitenant shopping center in Huntington Beach, was sold for $3.3 million, or about $485.29 per square foot.