Rumored $275M Deal For 4-Office Portfolio
LBA Realty is in line to buy a big office complex in Phoenix, making the Irvine-based investor the latest Orange County real estate company making waves in that region.
REAL ESTATE: Estimate on per-unit price tops $400,000
A recently built apartment complex has traded hands in what looks to be one of the priciest per-unit deals for a multifamily property in the Irvine Business Complex.
REAL ESTATE: Portfolio now tops 12,000 residential units
Olen Properties Corp. has spent nearly $200 million to buy three out-of-state apartment complexes this month, adding to a busy year of acquisitions for the Newport Beach-based real estate owner and developer.
REAL ESTATE: LA firm buys into Burnham-Ward project off 405
SOCO—the hip mix of furniture, fashion, design and food tenants along the San Diego (405) Freeway in Costa Mesa—has gotten a new ownership structure and a big boost in its valuation.
Five-Story, 110,000-SF Project Set to Open in ’16
One of the developers planning a hotel for Anaheim’s resort area has gotten a construction loan to get the project under way.
REAL ESTATE: Pegged for 626 homes; deal estimated at $190M
A China-based homebuilder looking to diversify its operations into the U.S. has bought a big development site in Lake Forest.
$325M in Funding, Hiring Spree Point to National Network of Small Cell Base Stations
A just-completed $325 million fundraising deal for Mobilitie LLC comes as the Newport Beach-based wireless infrastructure company is gearing up for what it is calling the “largest network deployment initiative in the U.S.”
REAL ESTATE: Insurer adds 3rd office building in JWA area
The real estate investment arm of John Hancock Life Insurance Co. has added a pair of office buildings in Newport Beach to its growing local portfolio.
8 Acres a Few Blocks From Former Beckman HQ
Western Realco has added another property in Fullerton—and another site with ties to medical testing company Beckman Coulter Inc.—to its industrial development pipeline.
REAL ESTATE: First project outside state resembles Meridian in Newport
The New Home Co. has inked a deal to build an upscale housing project in the Phoenix area, its first development outside California.
Newport Beach’s Mobilitie LLC said that it had raised $325 million to fund the deployment of its wireless infrastructure projects.
2.5M SF in Works Approaches Prerecession Pace
Developers are taking a much more varied approach to projects planned for Orange County’s office market next year than during the area’s last building boom.
Developer Part of BK Bid, Could Try Again on Last of Publisher’s Land
Developer Mike Harrah said he remains interested in buying 14.3 acres surrounding the headquarters of the Orange County Register despite an earlier deal for the land falling apart and the newspaper’s parent company’s latest complications.
1.5M-SF Management Pact Adds to Strategic Moves
Newport Beach-based RiverRock Real Estate Group Inc. has picked up a sizeable account for its property management business in the latest big change in the operations for Voit Real Estate Services and its affiliated companies.
REAL ESTATE: Pacific Union to consolidate local offices
Irvine Company has found a tenant for one of its largest empty blocks of office space in the area around John Wayne Airport.
City-Owned Land Trading For Less Than Nearby Sites
The developers looking to turn a nearly 21-acre parcel at Tustin Legacy into a retail and healthcare project appear to be getting a good price on the city-owned land.
REAL ESTATE: Shanghai firm paid $137M for 653-room hotel
An affiliate of one of China’s largest construction companies has purchased the Hyatt Regency Orange County in Garden Grove for $137 million.
Industry Watchers Speculate It Could Be Ripe for Consolidation Trend
Improving fortunes in the housing market and a disciplined operating plan have provided a boost to the fortunes of William Lyon Homes Inc. during its return to the public markets.
Bixby Moves to Avalon, BKM Buys Athletic Club
Bixby Land Co. didn’t have to look too far to find its first tenant for a creative-office redevelopment it recently finished in Newport Beach.
REAL ESTATE: Irvine Co. nabs BofA division for new tower
The Irvine Company has landed its largest tenant yet for the new 520 Newport Center office tower next to Fashion Island.
REAL ESTATE: $51.2M buy comes as $2.3B REIT ramps up
KBS Realty Advisors is the latest Orange County real estate investor looking to invest in New Orleans’ hospitality market, even as the Newport Beach-based company continues to seek deals—and investors—in its own backyard.
REAL ESTATE: Business park would boost city’s industrial base
Western Realco is planning to build a multibuilding business park on land in Fullerton that previously held the headquarters of Beckman Coulter Inc.
REAL ESTATE: One of two largest at 14-building project
Walt Disney Co. has inked a deal to lease one of the largest new industrial buildings built in Anaheim over the past decade to support its local theme park and resort operations.
REAL ESTATE: Tower bought in deal with PRES Cos.
The cash-flush duo that runs Corona-based Monster Beverage Corp. is looking to provide a boost of energy to a high-profile office tower in Orange they’ve just bought.
Marketed For Potential Creative-Office Uses
Allergan PLC has put a pair of office properties it owns in Irvine on the market. It’s the first time Allergan has tried to shed locally owned buildings since its sale to Actavis PLC this year.
ECONOMY: Gensler-designed center to have capacity for 1,000
A longtime area special-events producer is pulling out all the stops for a meeting and events venue that’s being built in the Irvine Spectrum.
REAL ESTATE: 49 units would be latest for-sale project
Land in Newport Center that holds a carwash and that was once eyed for a boutique hotel now is being considered for a condominium project.
REAL ESTATE: ‘Biggest deal ever’ to use grid-feeding batteries
The Irvine Co. has signed on to a cutting-edge energy storage project that will transform nearly two dozen of its highest profile offices in the Irvine Spectrum and John Wayne Airport area into hybrid electric buildings over the next year.
2-Building Office-Retail Space Nabs $734 PSF
A pair of office and retail buildings on East Coast Highway in Corona del Mar has traded hands at what’s been described as a record price for the area.
REAL ESTATE: $147M price for Chino Hills center up 55%
A bet on the Inland Empire retail market in 2010 has paid off well for MX3 Ventures, a Newport Beach real estate investor with ties to former Santa Ana-based storage device maker STEC Inc.
Distribution Center Project Could Start in November
The Irvine Spectrum’s industrial market is about to get a little cooler, and a creative-office redevelopment isn’t the cause this time around.
REAL ESTATE: Expects to set up similar corporate hub on East Coast
Irvine has gotten the nod over Westlake Village in the merger of Standard Pacific Corp. and Ryland Group Inc.
REAL ESTATE: Upgrade, possible addition to 3-building campus
The new owner of Emulex Corp.’s headquarters in Costa Mesa is planning a creative-office redevelopment of the existing three-building campus, with additional ground-up development on excess land at the property a possibility.
REAL ESTATE: Six buildings fetch estimated $20 million
Newport Beach-based Olen Properties Corp. has made its largest local purchase in two years, snapping up a business park in Aliso Viejo.
REAL ESTATE: Latest buy with Rialto valued at $30.5 million
The Koll Co. has made its largest reported local purchase in several years, snapping up an office tower just over the Los Angeles County line in Cerritos.
$150 Million Office Buy Would Be 2nd Since 2014
An affiliate of Newport Beach-based KBS Realty Advisors is under contract to buy one of the more prominent office complexes in downtown San Jose.
REAL ESTATE: Plans to lease 2 of 3 buildings back to AT&T
LBA Realty, fresh off a big financing deal for its Park Place mixed-use campus in Irvine, has snapped up an 18-acre property in Anaheim from AT&T Inc.
Flex-Space Operator Latest OC Firm to Eye Texas
Office-campus operator TechSpace Inc. is the latest Orange County real estate company making a push into Austin, Texas.
REAL ESTATE: Puts 170 acres at two LA County sites on block
Grocery chain Albertsons Cos. is looking to expand the size of its already-formidable distribution center holdings in Orange County and shed some big industrial properties it owns in Los Angeles County and Oregon.
Project Will Be Model For Huntington Beach Site
Obamacare is paying local dividends for Accretive Realty Advisors Inc., an Irvine-based real estate investor and developer that specializes in medical properties.
Platinum Triangle Project Recast; Could Be Part of Fund With Sovereign, Institutional Backers
Lennar Corp. plans to begin construction by year’s end on the first phase of residential development at its massive—albeit slimmed down—A-Town project in the Platinum Triangle.
REAL ESTATE: Wells Fargo, Wing Lung latest leases
The Irvine Company appears to be seeing an uptick in leasing activity for its new 520 Newport Center office tower, even as a recent report suggests that the newest addition to the seaside corporate hub now has one of the highest-ever asking rents for a building in Orange County.
REAL ESTATE: 4 acres off 405 seen as part of redevelopment plan
Chicago-based Tribune Media Co. appears to be expanding its development plans in Costa Mesa.
REAL ESTATE: Buyer sells HB Best Western before $7.4M deal
Add a hotel to the increasingly lengthy list of new types of product planned for land bordering the Tustin Legacy development site.
Apple Reported To Be Other Possibility
Irvine-based Broadcom Corp. could be close to finalizing a deal to build a second office campus for its operations, this time in Silicon Valley, according to news reports coming from Northern California.
REAL ESTATE: Irvine Company revamps, recasts office complex
Oculus VR Inc. might not count Irvine as its headquarters any more, but the virtual reality headset maker’s influence on Orange County’s technology sector can still be seen in the buildings where its local operations are housed.
REAL ESTATE: Could add 300,000 SF, 15 stories on Katella
The owner of Stadium Towers Plaza, a 12-story office next to Angel Stadium of Anaheim, is in the early stages of planning to double down on the same site.
Aims For 10-Year Leaseback of Western Hub
Volt Information Sciences Inc., a New York-based provider of staffing services, has put its Orange office campus on the market.
Offices Next to 241 Hold HQ for Kaiser Aluminum
Foothill Plaza, a two-building complex in Foothill Ranch that’s one of the highest-quality buildings in the office market in and around Lake Forest, has traded hands at a price approaching $50 million.
REAL ESTATE: Prudential affiliate gets 202,000 square feet near JWA
A 10-story office building in Newport Beach is the latest property to get snapped up by institutional investors bullish on Orange County’s improving economy.
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