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 email@example.com.
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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.
Industrial Pipeline Biggest It Has Been Here in Years
There are signs of life for development in Orange County’s aging industrial market.
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.
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.
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.
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.
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: 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.
$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.
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.
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.
Last Sold for About $40M; One of Wen’s Local Assets
The Foothill Ranch office complex that holds the headquarters of mortgage lender LoanDepot Inc. and other tenants is on the market about 16 months after it last sold.
Slow Pace of Openings As Wages, Costs Rise
Casual restaurant chain BJ’s Restaurants Inc., the largest public company based in Huntington Beach and one of the city’s largest office tenants, has struck a deal to keep its headquarters in Surf City.
No. 3 Among ‘Sizzling Markets;’ OC is No. 28
Several Orange County-based homebuilders’ recent effort to expand operations into the Inland Empire appears to be at an opportune time in the market cycle, according to a new report by Irvine-based John Burns Real Estate Consulting.
REAL ESTATE: 394-unit senior housing project for Garden Grove
An Encino-based land developer is making strides in turning Garden Grove’s infamous “rusty skeleton” construction site into the largest affordable senior housing project the city’s ever seen.
Irvine Office Stays; Was 12th-Biggest OC Pub. Co.
Aerie Pharmaceuticals Inc. has quietly shifted its headquarters from Irvine to North Carolina, removing a notable name from the list of Orange County-based public companies.
Plans Filed to Incorporate Royalty Carpet Property
Edwards Lifesciences Corp., Orange County’s largest public company with a market value of about $29 billion, appears to be making strides to buy a site next to its Irvine headquarters for a large expansion.
REAL ESTATE: $42M buy in Irvine, Santa Ana, Orange deals
Glendale-based office and industrial property investor PS Business Parks Inc. has sold a five-building office park in Irvine to a local investor for nearly $42 million in one of three big Orange County property sales on the table for the company this year.
OC’s Biggest New Office Site in Years 77% Leased
Five Point Gateway, the largest and most expensive office complex built in Orange County in over a decade, is largely finished and open to tenants.
$3.4B Sales, 4.5M SF Office, Industrial Leases
Last year’s top Orange County deals were driven in large part by reinvention.
Commercial, Homebuying Business Pick up Refi Slack
The country’s biggest title insurers are striking optimistic notes on the health of their industry, despite the expectation of additional interest rate hikes, which have already put a crimp on refinance business.
LA Buyers Take Over 4-Building Park in SCM
Los Angeles-based investors have snapped up a four-building office complex on Harbor Boulevard in Santa Ana, the second notable deal in that part of the submarket of South Coast Metro this year.
1,007 Homes at Cadence Park Scheduled to Open This Month
As the developer of Irvine’s Great Park Neighborhoods prepares to take the wraps off its latest new, and relatively expensive, homes at its Cadence Park community this month, the company is also proceeding with plans for a 723-home project that could include much more affordable price points.
CalAtlantic, Long Biggest OC Builder, Sold
Orange County’s stable of publicly traded homebuilders is nearly $6 billion lighter in market value now compared to a month ago.