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: Institutional investors stay busy in area
Centerstone Plaza, a six-building office and retail complex in Irvine, has traded hands for about $51 million in the latest sizable sale of an Orange County commercial property to a large institutional investor.
3PL Global LLC, a Carson-based provider of third-party logistics services, is moving its Irvine and Santa Ana operations to Fullerton after signing one of the largest industrial leases in North County in the past few months.
MCA’s Largest Purchase; $70M Goal for 2014
MCA Realty, a Santa Ana-based investments and management firm that started operations in 2011, has made its largest purchase to date with the buy of a business and retail center in its hometown.
The developer of the Great Park Neighborhoods in Irvine has gotten city approval to build another 4,606 homes at the former El Toro Marine Corps Air Station.
REAL ESTATE: $19.9M cash for 68,425 square feet near JWA
China’s entry in the market of commercial jet manufacturing has bought one of the better-known offices in the Koll Center Newport Beach business park.
HEALTHCARE: Lease deal to add 150,000 SF to presence at Spectrum
Hoag Memorial Hospital Presbyterian plans a major expansion of its operations in Irvine after inking a lease for a new medical office complex that will be built along Sand Canyon Avenue.
SF Building’s Sellers Said to Be Asking $121 Million
Newport Beach-based investor KBS Realty Advisors is nearing another blockbuster office purchase, this time in San Francisco.
REAL ESTATE: Builder establishes new division for high-end residential
Newport Beach-based homebuilder City Ventures Inc. has launched a luxury home division that will focus on some of the company’s premier land locations in California
Buyers Hope Rents Start to Jibe With Big Sales Spurt
Investors and tenant brokers appear to be of two different minds when gauging the health of Orange County’s office market heading into 2014.
REAL ESTATE: Plans makeover in Irvine with weather in mind
Irvine-based Bixby Land Co. is bringing its model for creative office space redevelopment closer to home.