Orange County Business Journal

Great Park Goes Commercial

Broadcom Campus Plan Puts Focus on ‘Companies and Jobs’

Expect to see a surge in commercial real estate development activity near the southern edge of the former El Toro Marine Base in Irvine, following the decision of Broadcom Corp. to relocate its headquarters to the Great Park Neighborhoods site.

Sares-Regis Adds Auto Tech School to Long Beach Site

Douglas Park Lands UTI For Long-Term Lease

Sares-Regis Group’s massive Douglas Park development site in Long Beach, once a base for the aviation industry, is slowly turning into an automotive hub of sorts.

Debt Deal Puts Newport Center Values at New High

REAL ESTATE: Irvine Company takes $250M on 3 office buildings

Wells Fargo might not have its logo atop the newest office building on Newport Center Drive, but its name is on something just as important for the building: loan documents.

TRI Pointe in Full-Service Push for 2015 Sales Growth

REAL ESTATE: Adds mortgage, title services in wake of Weyerhaeuser deal

TRI Pointe Homes Inc. continues to build the foundation of an ambitious growth plan in 2015, despite some lingering questions over the health of the national homebuilding industry.

Another 180,000-SF Flip in South Coast?

REAL ESTATE: Would be 6th trade in 7 years for Costa Mesa office

Stop us if you’ve heard this one before: The distinctive Costa Mesa office that once held the headquarters of ICN Pharmaceuticals Inc. and later Valeant Pharmaceuticals International could soon have a change in ownership.

AT&T Again: Telecom’s Anaheim Campus For Sale

18-Acre Canyon Property Could Be Redeveloped

Another big property of AT&T Inc. in Anaheim is up for sale.

Investors Adapt to Changes in Post-Recession Market

‘Opportunistic’ Real Estate Scarce, Competition Stiff

Opportunity is still knocking for many of Orange County’s most active commercial real estate investors of the past five years, but it has required a decided shift in strategy.

Broadcom Near Deal to Buy Great Park Land

Filing Says Talks For New Campus ‘Near Conclusion’

Broadcom Corp. is closing in on its long-awaited deal to buy the land for its new office campus near Orange County Great Park, according to filings with Irvine City Council.

Stifel Steps Up in Newport Center

REAL ESTATE: Takes full floor at Irvine Company’s newest office

Bill Gross might have the highest profile among the first batch of tenants at Irvine Company’s newest office building in Newport Center, but Stifel, Nicolaus & Co. can claim the highest perch at the 21-story building.

Gerrity Lists Brea, Mission Viejo Retail Centers for Sale

Properties, 12 Others Could Fetch $500 Million

Shopping centers in Mission Viejo and Brea are part of a portfolio of West Coast retail properties that are on the block and could sell for nearly $500 million.

Greenlaw Near Deal on BofA’s Brea Campus

An investment group that includes Irvine-based real estate investor and developer Greenlaw Partners is nearing a deal to buy the massive Bank of America office campus in Brea.

St. Joseph New Anchor for Downtown Anaheim With 191,556-SF Lease

REAL ESTATE: Deal for 8-story office largest so far this year

An eight-story building near Anaheim’s City Hall that previously served as the local operations hub for AT&T Inc. has been leased to a growing integrated-care medical group affiliated with Orange-based hospital operator St. Joseph Health System.

Much Bigger Homebuilder

TRI Pointe’s Revenue Jumps 1,621%—Before Big Buy From Weyerhaeuser

If you think TRI Pointe Homes Inc.’s revenue growth over the past 24 months is eye-opening, just wait until next year.

Cresa, Travers in Deal to Combine OC Operations

REAL ESTATE: Tenant-rep brokerages ‘share same DNA’

Orange County’s two largest commercial real estate brokerages that solely represent tenants in lease negotiations are combining forces.

Snell & Wilmer Renews Lease at Costa Mesa Tower

Law Firm Second Largest Tenant at 21-Story Office

Plaza Tower, arguably the best-known office building in Costa Mesa, is keeping one of its signature tenants.

Miami Beach, New Orleans … and Irvine

REAL ESTATE: City part of push for Marriott’s Euro-style boutique

AC Hotels by Marriott, a European-style boutique hotel brand, will include Irvine in the first wave of a development push in the U.S.

Cypress West Nears $100M With Medical Office Buy

REAL ESTATE: GE Capital backs firm’s first OC deal

Cypress West Realty Partners LLC, a Ladera Ranch-based investor in healthcare properties, has made a medical building in Rancho Santa Margarita its first local purchase.

Creative Designs in Mind for Anaheim, Irvine Sites

REAL ESTATE: $10M redo for offices next to Angel Stadium

Tenant demand for creative-office space in Orange County is about to get its biggest test yet at an office complex across the street from Angel Stadium of Anaheim.

High-Rise Costa Mesa Projects Knocked Down a Notch

REAL ESTATE: Planned Costa Mesa towers to become rentals

High-rise condominium plans in Costa Mesa’s ritzy restaurant, shopping and arts center are coming back down to earth.

New Medical Group Lands Next to CHOC, St. Joseph

24,000-SF Lease Near Top For Medical Offices in ’14

A new medical practice specializing in spine and sports medicine has signed a big lease in an Orange office next to St. Joseph Hospital and Children’s Hospital of Orange County.

Tease photo

Freedom Communications Lists Santa Ana Land for Sale

The owners of the Orange County Register have relisted for sale 14.3 acres of land that surrounds the company’s headquarters in Santa Ana.

Freedom Relists Land Around HQ

The owners of the Orange County Register have relisted for sale 14.3 acres of land that surrounds the company’s headquarters in Santa Ana.

Animal Crackers, ‘Sexy’ Shoes Top Leases for Quarter

Industrial Rents Projected To Rise 8.7% Next Year

D. F. Stauffer Biscuit Co., a York, Penn.-based maker of cookies and crackers, has signed a new deal for its bakery facility in Santa Ana in the largest reported industrial lease of the past quarter.

FivePoint Increases Stake in Great Park

REAL ESTATE: Buys out early investor as next phase of project nears

The developer of the Great Park Neighborhoods in Irvine is increasing its ownership stake in the massive project at the former El Toro Marine Corps air station, where a new batch of residential, commercial and park construction is about to begin.

Healthcare Behind Another Big Move in Mission Viejo

REAL ESTATE: 4-story office planned next to Mission Hospital

A four-story medical office development is being planned for a spot across the street from Mission Hospital in Mission Viejo in the latest big real estate deal involving property next to the St. Joseph Health-run facility.

Kilroy Sells Off Spectrum Office

REAL ESTATE: Swift on lookout for more deals in SoCal

Kilroy Realty Corp. has sold one of its few remaining office buildings in Orange County to a San Francisco-based real estate investor that’s looking to expand its holdings in Southern California.

Tease photo

Freedom Communications Lists Santa Ana Land for Sale

The owners of the Orange County Register have relisted for sale 14.3 acres of land that surrounds the company’s headquarters in Santa Ana.

Home Appliance Brand Gets Creative in Costa Mesa

REAL ESTATE: Moves U.S. HQ From Huntington Beach

The creative-office design trend is making its way to the glitzy buildings next to South Coast Plaza.

Bixby Invests Nearly $100M in Office, Industrial Buys

REAL ESTATE: Deals in SD, Inland Empire, Central Valley

The purchase of four offices in San Diego has capped off nearly $100 million in buys and investments in California properties for Irvine-based Bixby Land Co. over the past quarter.

CoreLogic’s Patent Play

Tabaddor Took Reins of IP, Turned Department Into Profit Center

Moving from defense to offense has paid dividends for the intellectual property legal team at Irvine-based CoreLogic Inc.

Flooring Distributor Inks 1st Anaheim Concourse Lease

Longust to Move From Nearby, Takes 93,818 SF

Longust Distributing Inc., a wholesale flooring supplier that’s had an Anaheim location since 2001, is the first company to announce a lease at the new batch of industrial buildings being constructed at Panattoni Development Co.’s massive Anaheim Concourse project.

Tease photo

Gross to Open Janus Office at 520 Newport Center Tower

Bill Gross will be setting up shop for Janus Capital Group Inc. at the 520 Newport Center office tower in Newport Beach, according to real estate sources.

Yokohama Tire Takes 57,624 SF in Santa Ana

REAL ESTATE: Distribution hub shifts from Fullerton to IE

Yokohama Tire Corp. has signed a deal to move its U.S. headquarters to Santa Ana in a shift that comes a few months after the company sold its longtime home in Fullerton.

Register’s New Landlord Eyes More

Envisions 2 Towers Next to Daily’s HQ in Santa Ana

A commercial and residential development with the potential for a couple of high-rise towers could be built on land surrounding the Santa Ana headquarters of the Orange County Register, according to the high-profile building’s new owner.

Lehman Lists Stalled SJC Home Development for Sale

Pacifica San Juan Could Fetch $150M or More

Pacifica San Juan, a stalled new home development just off the San Diego (I-5) Freeway in San Juan Capistrano, is on the market for sale and could fetch a big price.

Palm Desert Land Eyed for $350M Quiksilver Hotel

Matteson Capital in Talks To Buy City-Owned Land

More details are emerging about one of the first big local hotel developments that will have ties to Huntington Beach-based apparel manufacturer and retailer Quiksilver Inc.

Chinese Investor Buys Fullerton Center

A Chinese real estate investor bought the 163,514-square-foot Amerige Heights Town Center in Fullerton.

SJC Buy Caps Off $111M of Deals for Greenlaw

REAL ESTATE: Investor buys office park, sells Orange building

The purchase of a San Juan Capistrano office park and the sale of a prominent government building next to the Outlets at Orange shopping center have capped off a busy few weeks of investment activity for Greenlaw Partners.

Oracle Tower Outlook Nears $100 Million

REAL ESTATE: 12-story office likely to set benchmark in JWA area

One of the better-known office buildings in the area around John Wayne Airport is up for sale and expected to fetch a price approaching $100 million, according to real estate sources.

Tease photo

Register Expected to Close on HQ Sale, Make Severance Payments

A sale of the Santa Ana headquarters of the Orange County Register to developer Mike Harrah is expected to close within a few days, according to sources.

Tease photo

Fullerton Shopping Center Sells for $48.5M

A Chinese real estate investor has bought Amerige Heights Town Center, a 163,514-square-foot retail center in Fullerton.

Irvine Buy Another Nod to Creative-Office Trend

REAL ESTATE: Menlo gets Pacific Dental HQ on Red Hill

The recently redeveloped Red Hill Avenue building that holds the headquarters of dental-practice manager Pacific Dental Services Inc. in Irvine has been sold to a Silicon Valley-based real estate investor.

Brea Land Buy Gives Hines Development Options

$25M Deal Follows $80M Office Purchase in City

Houston-based Hines Interests LP has completed the purchase of land in Brea just off the Orange (57) Freeway where an office complex it recently bought is located.

Panattoni’s Progress: Industrial Spec Sells

REAL ESTATE: Sales of 4 buildings will lead to new OC jobs

The first batch of for-sale industrial buildings built at Panattoni Development Co.’s Anaheim Concourse project has been snapped up by a pair of out-of-town manufacturers expanding into Orange County.

StanPac Goes Deep With Arizona Ballpark Plan

Stadium Site Will Be Turned Into Homes

Irvine-based Standard Pacific Corp. is moving ahead on a housing development at the former site of a Cactus League baseball stadium in Chandler, Ariz.

Furniture Maker Expands With $12.6M Fullerton Buy

Michael Nicholas Puts Buena Park HQ on Market

Michael Nicholas Designs Inc., a family-owned furniture manufacturer in Buena Park, is expanding its manufacturing operations after buying a big industrial building in Fullerton.

St. Joseph Health Backs Big Office Buy in Mission Viejo

HEALTHCARE: Innovation Institute gets four buildings, 263,000 SF

The Innovation Institute LLC, a La Palma-based for-profit healthcare company formed by St. Joseph Health in Irvine last year, has taken over ownership of four medical buildings surrounding Mission Hospital in Mission Viejo.

Tustin Building Gets Pharma Tenant, Creative-Office Plans

CapRock Buys Property From Western Realco

A portion of an industrial building in Tustin just off Jamboree Road near the Santa Ana (I-5) Freeway is being eyed for a creative-office development following its sale to a local investor.

Aggregate Anchors

Centers Turn to Clusters of Restaurants as Drawing Cards

Developers and owners of Orange County’s retail centers are increasingly going small and thinking with their stomachs to attract customers.

Lyon Communities Reaches Peak in Silicon Valley

REAL ESTATE: Tops price for big OC complexes by $100,000 per unit

A bet on Silicon Valley’s apartment market has paid off handsomely for Newport Beach-based Lyon Communities.

Prev