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: $1B CMBS offering could precede some big property buys
A new billion-dollar funding deal involving a portion of Irvine Company’s apartment portfolio raises the prospect that Orange County’s dominant real estate company could soon be on the lookout for acquisitions.
REAL ESTATE: $300M spree follows bond deal in Israel
A real estate investment trust run by Newport Beach-based KBS Realty Advisors, fresh off a $250 million bond offering in Israel, has made plans to spend nearly $300 million on an office property in downtown San Francisco and a portfolio of business parks in the Seattle suburbs.
Museum Closed in 2014, Sells for Nearly $1,500/SF
An office near Fashion Island shopping center that previously held the Newport Sports Museum has sold for what looks to be one of the highest recent prices for an office deal in Orange County per square foot.
$61 Million for Building Near Mall, Leased to FBI
The 4000 Metropolitan Drive office in Orange, a 183,000-square-foot building just off the Garden Grove (22) Freeway near the Outlets at Orange shopping center, has traded hands for the third time in six years in one of the largest local office sales so far this year.
Broadcom, Toshiba Sites Among Offices in Play
The Irvine Spectrum office market is by most measures the best-performing submarket in Orange County these days: Empty space is scarce, a flock of new and expanding companies call the area home, rents are rising, and new development is in full bloom.
Nexus’ Plan for 350-Room Entry on Katella Latest on Drawing Board
Nexus Development Corp. is the latest in a growing list of companies looking to build a hotel in the Anaheim Resort Area.
REAL ESTATE: New structure takes in projects from here to Bay Area
Aliso Viejo-based master developer FivePoint Holdings LLC is planning the next step in its evolution: becoming one of Orange County’s largest commercial real estate landlords.
Irvine Unit of Korean Firm To Pay $13.2M for Office
Spigen Inc., an Irvine-based maker of smartphone cases, screen protectors and related accessories, appears to be expanding its local operations after entering into a deal to buy an office in the Spectrum area.
Newport Beach-based real estate investor and developer Olen Properties Corp. has made its largest local purchase in nearly three years, buying a 15-building office park near John Wayne Airport.
Irvine-based smart technology company Greenwave Systems Inc., Orange County’s biggest recipient of venture capital funding this year to date, has signed a deal to move its headquarters to 200 Spectrum Center, the area’s newest office tower.