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.
Phone: 949-833-8373 Extension: 226
REAL ESTATE: Brea site goes to Hines & Oaktree
The local office of Houston-based real estate developer and investor Hines has added another sizeable property in North Orange County to its portfolio with the 34-acre office campus in Brea, which houses Beckman Coulter Inc.’s local operations.
REAL ESTATE: Old Toyota HQ getting industrial start
Sares Regis Group is starting to take the wraps off its plans to redevelop Toyota Motor Sales U.S.A. Inc.’s former North American headquarters in Torrance.
Palmer Luckey’s new defense technology startup, Anduril Industries Inc., is preparing to take up a much more prominent position in Orange County, and appears poised for a major hiring push.
To Lease 100,000-SF Harbor Gateway Building
An industrial building planned for the Harbor Gateway business park in Costa Mesa appears to already be spoken for.
653 Rentals Planned At Brea Place Campus
AvalonBay Communities Inc. plans to build its next area apartment development on the site of one of Brea’s largest office complexes.
REAL ESTATE: Entrepreneur, Gallagher searching for buys
Mark Moshayedi, one of Orange County’s best-known tech entrepreneurs, coastal property owners, and classic-car collectors, has a new commercial real estate venture.
REAL ESTATE: Anaheim portfolio now tops 1,500 units
Irvine-based apartments investor Advanced Real Estate Services Inc. has made its largest local acquisition in several years, picking up a rental complex near Angel Stadium in the Platinum Triangle area of Anaheim.
1st Real Estate Buy in US For Newport Beach Unit
Three-building retail property Jamboree Promenade near John Wayne Airport in Irvine changed hands.
Homebuilder Has Lending, Tech, Commercial Arms
To get an idea of the business acumen of Far West Industries and the Lissoy family, take a look at the Santa Ana-based homebuilder, developer and investor’s local operations during the Great Recession.
REAL ESTATE: Douglas Park hotspot for developers from OC
Orange County’s main hub of business might be the area around John Wayne Airport, but for several members of OC’s real estate development community, LGB has been the preferred destination over the past few years, not SNA.
REAL ESTATE: $166M land buy for homes starting at $350K
William Lyon Homes (NYSE: WLH) has been tapped to build one of the most unique home developments in Orange County in several years, a 536-unit project at Great Park Neighborhoods in Irvine with a large number of affordably priced homes.
REAL ESTATE: Bascom unit has 15 OC sites, 277K SF
Premier Business Centers doesn’t have the Wall Street buzz WeWork Inc. does or brand-new locations in some of Orange County’s recently built or redesigned office developments like some other co-working peers, such as Spaces.
JH Real Estate Partners Swaps Rentals for Retail
Newport Beach-based JH Real Estate Partners Inc. recently added a big local property to its growing retail portfolio, a shopping center across the street from South Coast Plaza.
REAL ESTATE: Apartments, offices, hotels proposed for site
The owners of MainPlace Mall in Santa Ana, Orange County’s ninth-largest shopping center by sales, have proposed an extensive overhaul of the roughly 50-acre property.
23,000-SF Expansion On Tap for 1.7-Acre Site
The owners of the popular Diamond Jamboree shopping center in Irvine are proceeding with plans for a sizable addition to their project.
Industrial Pipeline Biggest It Has Been Here in Years
There are signs of life for development in Orange County’s aging industrial market.
REAL ESTATE: Revised land plans one more tweak to site
FivePoint Communities Inc. Chief Executive Emile Haddad continues to strike a positive tone on the future of Great Park Neighborhoods in Irvine, despite an election loss that will result in another change in plans for part of the former El Toro Marine base.
$9.1B in Commercial Work By Local Offices
Orange County’s largest commercial construction companies defied some worrisome regional trends to post their best revenue year in a decade.
4M SF of New Ones Opened Here in Past Year
Orange County’s commercial development community was buoyed over the year ended April 30 by a surge of office openings, primarily in Irvine, the country’s biggest office market.
Restaurant, Bar, Chickens All Part of New Courtyard
Backed by a new financing deal and a flurry of recent leasing activity, the owners of the Intersect office campus in Irvine are almost finished with nearly $25 million worth of redevelopment work at the four-building project near John Wayne Airport.
REAL ESTATE: 1st direct OC investment for Rockpoint
A deep-pocketed Boston-based real estate investor has bought five offices in Aliso Viejo in what looks to be the priciest commercial property transaction in Orange County so far this year.
REAL ESTATE: 4 buildings at Placentia city line planned
Panattoni Development Co., the most active industrial developer in Anaheim over the past decade, has started work on another project there, a multibuilding business park at the Placentia city line.
REAL ESTATE: New HQ to triple Irvine presence near UCI
Irvine-based Acorns Grow Inc., fresh off a $50 million funding deal headed by investment giant BlackRock Inc., plans to nearly triple the size of its local headquarters near the University of California-Irvine.
REAL ESTATE: 102K SF for Spaces at 3 OC office locations
Orange County’s rapidly growing base of co-working spaces geared to smaller businesses is expanding to another prominent location at a nearly ready office campus in the Irvine Spectrum.
$25.4M Deal Comes Year After OC Group Buy
Santa Ana-based SchoolsFirst Federal Credit Union, the largest credit union in California, has added one of the most prominent office buildings in the Inland Empire market to its real estate portfolio.
A seven-building office complex in Orange near MainPlace Mall in Santa Ana has been proposed as the site of a large residential complex featuring rental units and for-sale homes.
REAL ESTATE: Vivante senior homes on table for NB
Plans are under way to build a high-end senior living facility on the site of Orange County Museum of Art in Newport Beach, where the museum has been since the late 1970s.
REAL ESTATE: 4th Thales building in landlord’s portfolio
Irvine Co. has bought one of the largest commercial properties in the Irvine Spectrum that it didn’t already own, an office used by the in-flight entertainment division of Thales USA Inc. for its domestic headquarters.
REAL ESTATE: Blimp hangar now out of Brookfield plans
Plans for an ambitious mixed-use project at the Tustin Legacy development have been scaled back, with the city now planning to oversee reuse of one of the base’s two iconic blimp hangars rather than a private developer.
Lido House Busy With OC Dealmakers
Looking to do a real estate deal and need a partner?
REAL ESTATE: IBM renewal among largest deals this year
Plaza Tower, one of Costa Mesa’s best-known and swankiest offices, has experienced nearly 100,000 square feet of leasing activity from a variety of tenants over the past few weeks.
Slew of Development Revives Peninsula Area
When Lido House, Newport Beach’s first newly built hotel in a decade, held its grand opening ceremony last month, the property was given a blessing by the Rev. Canon Cindy Evans Voorhees of the neighboring St. James Episcopal Church.
2-Building Site Next To JWA Trades for $33.7M
Two industrial buildings in Costa Mesa next to John Wayne Airport, including the former headquarters of Karma Automotive, have traded hands for about $33.7 million.
Telecom Firm Grows With Beer, Books, R.E.
As the founder of the largest telecommunications firm based in Orange County, Gary Jabara has been a mainstay on the Business Journal’s annual listing of the area’s most influential and prominent businesspeople for nearly a decade.
2 More Sears Deals Follow Santa Ana Buy
Irvine-based LBA Realty has splashed out nearly $168 million on industrial deals outside of Orange County over the past month, in Los Angeles, Pennsylvania, Florida and the Pacific Northwest, according to local news reports.
REAL ESTATE: $55.4M industrial buy; DCT deal agreed
Prologis Inc., the country’s largest warehouse property owner, is beefing up its Orange County presence following the largest industrial purchase in the area so far this year, and through the blockbuster acquisition of a national competitor with a modest local portfolio.
REAL ESTATE: Paciolan, Medtronic’s Covidien move
Irvine Co. has backfilled a good portion of Broadcom Inc.’s former office campus near the University of California-Irvine after leasing a total of nearly 144,000 square feet.
$22.8M for Site Follows 2017 Buena Park Deal
Indianapolis-based Duke Realty Corp., one of the country’s top owners of large industrial properties, is beefing up its local portfolio.
8-Story Office Could Fetch $60 Million, Make Way for Industrial
Boeing Corp. has put one of its largest area properties on the market for sale.
REAL ESTATE: Greenlaw Partners buys 5 buildings
Orange County Business Center, a five-building office park in Santa Ana, has traded hands for nearly $74 million, in one of the largest office deals in the area this year.
Project Would Help Boost Enrollment
Vanguard University is planning an extensive renovation and expansion of its Costa Mesa campus in an effort to boost enrollment by more than 25%.
RFP for Developer Of 101.5-Acre Site on Tap
Santa Ana and Garden Grove are considering redevelopment of the Willowick Golf Course, and should soon take initial steps to find a master developer.
REAL ESTATE: Efficient building key post-combo tweak
The results of Lennar Corp.’s February acquisition of Irvine-based homebuilder Cal-Atlantic Group Inc. are starting to surface at some of the combined company’s area developments and in Orange County’s office market.
Iconic Fed Office Eyed for Sale
The fate of the Chet Holifield Federal Building in Laguna Niguel, Orange County’s largest office and one of the area’s most distinctive structures, is once again up in the air.
247 Irvine Units in Works; Costa Mesa Homes, Also
Intracorp Cos. is preparing to take the wraps off the first of several for-sale, infill housing projects near John Wayne Airport.
REAL ESTATE: Largest Q1 lease for Cerritos Ave. building
Walt Disney Co. recently signed a lease for an industrial building in Anaheim, the latest notable real estate move of Orange County’s largest employer and the biggest industrial lease in OC so far this year by square footage.
REAL ESTATE: Market rate condos would start at 654 SF
FivePoint Communities Inc., the real estate firm overseeing development of the former El Toro Marine base in Irvine, has disclosed plans to build some of the city’s smallest and likely most affordable homes in years.
2-Story Office Next To Site It Has for New HQ
The Orange County Sanitation District has completed the purchase of an office building in Fountain Valley that it intends to use for expanding operations.
Concierge-Type Property Management at Irvine Site
Walking onto The Boardwalk campus for the first time, visitors could be forgiven for thinking they’ve stepped into Orange County’s newest, hippest luxury hotel instead of the first large office project in the airport area of Irvine since the recession.
17% Gains in Past Year As Leasing, Sales Climb
Another active year in building, apartment and land sales, along with solid leasing activity across all product types, made for a strong year among Orange County’s largest commercial brokerages.