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.
SchoolsFirst Would Likely Be City’s Biggest Employer With 185,000-SF Development
SchoolsFirst Federal Credit Union, the largest credit union in California, is eyeing a site in Tustin to build a sizeable new headquarters facility.
A 601-unit apartment project has been proposed for a roughly six-acre site next to the Santa Ana Zoo that sold last year to a wealthy businessman from the Inland Empire.
Newport Beach-based Olen Properties Corp. has closed on a big loan for its largest local property—a mixed-use development it owns in Brea—and is close to putting some of the proceeds from that and other recent financing deals into an apartment complex it plans to buy outside Orange County.
Ongoing Projects, Pipeline Add Slew of New Homes
Lake Forest, despite being in the shadow of California’s two best-selling master-planned communities, has been holding its own during the latest residential building boom.
Irvine Co., Shea Put on The Ritz for Latest Projects
Orange County’s newest batch of luxury apartment communities, which command some of the highest rents ever seen among complexes here, aren’t for renters short on cash.
Large Projects Feed 31% Sales Growth
Close to $4 billion was spent on new homes in Orange County last year as builders here posted their best sales year since 2003, thanks to new projects going up at the area’s largest master-planned communities.
REAL ESTATE: Initial buy for firm headed by ex-Lincoln exec
A real estate investment, management and development firm that started operations last year has made an office in Irvine near The Market Place shopping center its first investment.
Latest Pushes Area Buys Above $130 Million
The biggest property owners in the Mariners Mile area of Newport Beach have added another building to their holdings.
Newport Beach-based homebuilder William Lyon Homes said that its namesake and founder, General William Lyon, has stepped down as a director of the company.
REAL ESTATE: Emmes Group close to re-entering office market
New York-based Emmes Group of Cos. has been selected to buy the Main Plaza office buildings near John Wayne Airport in what looks to be the first big local office transaction of the year, real estate sources tell the Business Journal.