Mark Mueller covers commercial and residential real estate for the Orange County Business Journal. His beat also includes title insurers and mortgage lenders, as well as government stories that relate to real estate. He can be reached at firstname.lastname@example.org.
REAL ESTATE: Days of distress over; seller could get $340 PSF
The 2600 Michelson tower in Irvine has hit the sales market, the latest local office property expected to sell for more than $100 million.
REAL ESTATE: $4.7M per acre for site entitled for residential
A Phoenix-based apartment investor has paid a reported $24.1 million for a four-building business park in Laguna Niguel that was recently entitled for a multifamily project.
REAL ESTATE: $247,000 per unit for 16-acre complex near 5
The sale of a 360-unit apartment complex in Laguna Hills looks to be the priciest multifamily transaction seen in Orange County so far this year.
First Time Milestone Met Here in Seven Years
The recent $129 million sale of the Griffin Towers office complex in Santa Ana capped off a memorable period for big-dollar office sales in Orange County.
REAL ESTATE: Said close on buys of 2 buildings for 68,500 SF
Allergan Inc. is nearing a deal to buy a pair of office properties across the street from its headquarters in Irvine, according to real estate sources.
REAL ESTATE: Alphaeon’s plan counts on cash-pay lines
Alphaeon Corp., a startup lifestyle healthcare company that’s gotten notice as a potential candidate for an initial public offering later this year, has signed a deal to move its growing operations to the Lakeshore Towers office complex in Irvine.
FINANCE: Biggest in assets gives details in IPO filing
Add Irvine-based Opus Bank to the list of local landlords, developers, land owners and other companies benefiting from the red-hot apartment market of recent years.
HQT Homes Planned 78 Houses at Former Farm
Schaner Ranch, an 8-acre infill site in Placentia recently approved for home development, is on the sales block.
ECONOMY: Allergan No. 1 again; Western Digital adds $9.6B
Orange County’s largest publicly traded companies combined for a cool $20 billion boost to their market valuations over the past year, thanks to strong gains by Allergan Inc. and Western Digital Corp., the largest representatives of the local healthcare and technology sectors.
Retail Properties Bring $520 Per SF and Higher
A pair of smaller-sized retail properties in Corona del Mar and Santa Ana have changed hands at eye-catching prices.