Orange County Business Journal

Completed Projects Up But More Room for Growth

Developers Between Old and New Construction Jobs

COMMERCIAL DEVELOPMENT: Orange County saw an uptick in grand-opening ceremonies last year, but commercial developers are waiting for many of the area’s biggest projects. Includes the 2013 OC's LARGEST COMMERCIAL DEVELOPERS list for download (pdf)

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Home of In-Flight Entertainment Operation Purchased

Irvine Spectrum Office Goes for $29.3 Million

An Irvine Spectrum office leased to an in-flight entertainment unit of aerospace and defense company Thales USA has traded hands for nearly $30 million, in the Real Estate column

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Local Commercial Construction Firms Post Big Gain

Increase Led by Orange County Clark Construction Office

COMMERCIAL DEVELOPMENT: A jump in work reported by the local office of Clark Construction Group LLC helped Orange County’s largest commercial construction companies post their strongest year for revenue since 2008.

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Creative Edge Planned for Final Summit Phase

REAL ESTATE: Wants to add weekend, nighttime use at center

Parker Properties LLC is looking to go out with a bang for the final phase of development at its signature Summit Office Campus in Aliso Viejo.

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Jamboree Housing’s Driving Force

Nonprofit Grows to 70 Developments, 7,000 Units on Her Watch

WOMEN IN BUSINESS AWARDS: Laura Archuleta has plenty of experience building both apartment complexes and a real estate company from the ground up.

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Los Olivos Plan Puts OC Retail Back in Action

REAL ESTATE: Would be just 2nd sizable new project here since 2008

The Irvine Company plans to build a 100,000-square-foot neighborhood shopping center next to its new Los Olivos apartment community

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Retail Center Sale One of South OC’s Priciest This Year

REAL ESTATE: Gerrity Group affiliate pays $28.6 Million

Gateway Center, a nine-building retail center along Alicia Parkway in Mission Viejo, has traded hands.

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Lennar Division, SD Partner Get Santa Ana Offices

REAL ESTATE: Reported $16M price for 128,000 square feet

A 128,000-square-foot office project next to the Costa Mesa (55) Freeway in Santa Ana has changed hands for about $16 million.

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Office Portfolio Tops $100M in Airport Area

REAL ESTATE: Equity Office gets 521,000 SF in deal with AIG

Equity Office Management takes over four-property office portfolio in Irvine, Newport Beach

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Full Spectrum

Irvine Company Sees 5 Million More SF of Offices, 20,000 New Jobs

The Irvine Company has proposed a major dose of office development in anticipation of nearly 20,000 new jobs that are expected to come to the fast-growing area of the Irvine Spectrum over the next five years.

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City Ventures Joins Back-to-School Trend With 10.7-Acre Buy

REAL ESTATE: Ventura County project needs new entitlements

Newport Beach-based City Ventures Inc. is the latest area homebuilder going back to school to find good land development deals.

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IMS Expansion Fills Out Koll Co.’s Building in Brea

In-Flight Entertainment Company Grows to 81,000 SF

IMS expansion fills out Koll’s building in Brea, in Real Estate

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KBS Realty Set to Buy Dallas, D.C.-Area Offices

REAL ESTATE: Contract close to $270 million for 5 buildings

An affiliate of Newport Beach-based real estate investor KBS Realty Advisors is under contract to buy more than 1 million square feet of offices in Dallas and the suburbs of Washington, D.C., in a deal valued at close to $270 million.

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Powerwave Headquarters Expected to Be Vacated Soon

TECHNOLOGY: Landlord eyes other big tenants

Powerwave, a maker of cellular base-station gear for wireless networks, filed for bankruptcy protection in January

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AvalonBay Makes Apartment Push in South OC

REAL ESTATE: Development eyed in Irvine, Lake Forest

AvalonBay Communities Inc. has cornered the market for apartments—at least on one corner

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Northgate Gonzalez Buys in LA, Sells in OC

Increases Shopping Center Holdings With Four Deals

Northgate Gonzalez Market, OCs largest Hispanic grocer, is taking on a larger role as a shopping center owner and landlord in L.A. County, in Real Estate

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Platinum Triangle Properties Sold to Industrial Users

REAL ESTATE: Buyers will keep properties as they are

An industrial park near Angel Stadium that ambitious office and apartment developers have eyed for nearly seven years has a pair of new owners with more modest goals in mind.

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Shea Properties Back in OC With Surf City Industrial Project

REAL ESTATE: Hot sector has local, national developers looking for land

Add Aliso Viejo-based Shea Properties to the growing list of local and national developers eyeing older Orange County commercial sites for new industrial projects.

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New Life for Old Gym Part of Creative-Office Trend

Investors With Cash Grow Keen on Collaborative Space

SPECIAL REPORT-COMMERCIAL REAL ESTATE: Not your father’s office

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Irvine Office Might Be Year’s First to Top $100 Million Mark

REAL ESTATE: Industry sources expect high rise to reach benchmark

2030 Main Street office likely to be OC’s first building to trade hands for more than $100M this year

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Bixby Land Co. On Office-Redos Roll

REAL ESTATE: Local projects joining those in Silicon Valley

The Irvine-based real estate investor and developer has found a niche of late as something of an office fixer-upper

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Retail Development Revs Up in Laguna Hills

REAL ESTATE: Upscale demographics draw renovations

Retail construction in Orange County has been a rarity over the past three years, but the city of Laguna Hills appears ready to make up for lost time.

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CBC Alliance Grows OC Operations With Local Buy

Strikes Deal With Bridge Commercial Properties

Coldwell Banker Commercial Alliance is beefing up its local operations by acquiring another area brokerage with a niche in representing smaller businesses, in Real Estate

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Shares of William Lyon Homes Rise After IPO

Shares of Newport Beach-based William Lyon Homes were trading above their offering price on Thursday, following the homebuilder’s return to the New York Stock Exchange.

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Homebuilder City Ventures Planning IPO

Newport Beach-based City Ventures Inc. is the latest Orange County homebuilder looking to go public via an initial public offering.

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Mobilitie: Bringing 4G Wireless to a Venue Near You

TECHNOLOGY: Sold most traditional cellphone towers

Mobilitie LLC made its first major windfall by improving wireless coverage across the country, one cellphone tower at a time.

Irvine Co. Hikes Homebuilding, Apartment Execs

REAL ESTATE: New president posts reflect building boom

The boom in development for Irvine Company’s homebuilding and apartment divisions has led to a reshuffling of executive duties at the Newport Beach-based real estate company.

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$5.6M Per Acre for Land Parcel in Newport Center

Cost One of Highest Per Acre For Homes in Years

The New Home Co., development partner pay top dollar for land slated to hold the Meridian project, in Real Estate

Family to Resume Control of Lyon Homes

REAL ESTATE: Value of homebuilder could top $700M

Irvine CoA planned return to the New York Stock Exchange for William Lyon Homes will put the Newport Beach-based homebuilder’s namesake family back in charge of its operations.mpany hikes homebuilding, apartment execs

Homebuilder City Ventures Planning IPO

Newport Beach-based City Ventures Inc. is the latest Orange County homebuilder looking to go public via an initial public offering.

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Sunstone Paying $309M for Boston, New Orleans Hotels

Aliso Viejo-based Sunstone Hotel Investors Inc. said it is paying a combined $309 million to acquire a pair of hotels, in Boston and New Orleans.

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$875M Shopping List for Irvine Co.?

REAL ESTATE: Mortgage package on prime offices hints at more buys

An $875 million financing deal for the Irvine Company provides a rare glimpse into the operations and balance sheet of Orange County’s dominant office landlord.

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La Habra Apartments Change Hands for $19 Million

Local Buyer Acquires 1960s Il Pompeii Complex

Il Pompeii, an apartment complex in La Habra, has changed hands for $19 million, in Real Estate

Hager Pacific to Texas Border for Industrial Deal

REAL ESTATE: 16 buildings in cities at opposite ends of state

Hager Pacific Properties’ search for industrial property investments with strong upside potential has taken the company to a pair of Texas cities next to Mexico.

FivePoint’s New Amenity for Great Park: Momentum

REAL ESTATE: Hot start for land sales; 2nd phase under way

A land sale that brought in close to $200 million has FivePoint Communities Management Inc.’s Emile Haddad thinking about the second phase of development at the Great Park Neighborhoods in Irvine.

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Swiss Equipment Maker Expands With Cypress Hub

REAL ESTATE: 10-year lease, OC consolidation part of plan

Cavotec plans to expand its West Coast manufacturing operations after inking new industrial lease

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No End in Sight as Olson Starts in Spectrum

Hotel Developer Also Eyes Old City Hall in Newport Beach, Pacific City in HB

Olson's pipeline could become a lot busier. It’s eyeing several other area sites for hotel development, including an adjacent site in the Spectrum.

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Eight Builders Tapped for First Great Park Home Site

Newport Beach’s William Lyon Homes is among a group of eight builders selected to build the first 726 homes at Irvine’s Great Park Neighborhoods, which is set to open for sales by the end of September.

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Lyon Communities Makes Its Marke

REAL ESTATE: Apt. Company Taps Santa Ana for Local Growth

The company is well under way with a 300-unit development called The Marke at MacArthur Boulevard and Main Street in the South Coast Metro portion of the city.

Builder Seeks NB Home Hit, Indirectly; Logan’s Gym Run

OC INSIDER by Mark Mueller

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High-End Homes Aimed to Fill Newport Center Void

Meridian Project First in More Than 20 Years

Newport Center is about to get a little more livable

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Venture Helps Purchase Farm For Home Development

San Juan Capistrano Site One of Nine US Projects

Local venture helps purchase farm slated for home development, in Real Estate

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Shopoff Group Considers Major Riverside Project

REAL ESTATE: Commercial, housing pipeline grows

Shopoff Group mulls major Riverside project

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CoreLogic Shares Jump on Strong Q1 Report

CoreLogic Inc. saw a nearly 13% bump in its stock price on Thursday, after the Irvine-based provider of residential property information and analytics reported strong first-quarter earnings.

Thompson in Board Fight Over Retail-Focused REIT

REAL ESTATE: Other directors seek ouster, new adviser

The head of Thompson National Properties is facing another board battle

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Westminster Buy Likely Near Top of Industrial Market

Leased as Medical Device Maker’s Distribution Hub

Clarion Partners LLC has bought a Westminster building that holds a large portion of the local operations of medical device maker B. Braun Medical Inc., in Real Estate

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From Haute to Hip in Airport Area

Obey Takes Former St. John Knits Space in 170,000-SF Lease

Obey Clothing has expanded its operations into one of the more prominent industrial buildings in the area around John Wayne Airport.

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Creative Work Space Due for Market Test

REAL ESTATE: HQ of apparel brand on block after makeover

An 82,645-square-foot office about a block from The District shopping center went up for sale this month

Clean Energy Bound for Newport Beach

ENERGY: Move from Seal Beach to 70,000-SF headquarters set

Clean Energy Fuels will move its headquarters to Newport Beach

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Semiconductor Equipment Maker Shifts West Coast HQ

Kulicke & Soffa to Irvine Corporate Center

Kulicke & Soffa Industries is moving its West Coast operations from Irvine to Santa Ana, in Real Estate

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