Orange County Business Journal

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Spectrum Security: Cylance to New Tower

Security software maker Cylance Inc. plans to consolidate its local operations at the soon-to-open 400 Spectrum Center office tower in the Irvine Spectrum.

By Mark Mueller May 23, 2017 4:03 p.m. share »
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Edwards Lifesciences Expands HQ With Buy

Edwards Lifesciences Corp. has bought a midsized building next to its headquarters that’s under expansion in Irvine.

By Mark Mueller, Sherry Hsieh May 23, 2017 4:01 p.m. share »
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Virtual Marina

Oculus VR co-founder Palmer Luckey has bought a marina in Huntington Beach.

By Mark Mueller May 23, 2017 9:41 a.m. share »

CT Realty Plans NorCal Industrial Project

Newport Beach-based CT Realty Investors is planning one of the largest speculative industrial developments in Northern California in years after buying a big chunk of land in the Central Valley city of Stockton.

By Mark Mueller May 22, 2017 midnight share »

Stillwater Looks Inland With $38M Riverside Buy

Irvine-based Stillwater Investment Group, an investor in office, industrial, apartment and retail properties that began operations in 2014, has made its largest acquisition of the year in one of the most prominent office properties in the city of Riverside.

By Mark Mueller May 22, 2017 midnight share »

Porsche Dealership is Spectrum’s Latest Auto Addition

Karma Automotive LLC isn’t the only high-end car company making notable real estate moves in the Irvine Spectrum area.

By Mark Mueller May 22, 2017 midnight share »
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$443M Would Make FivePoint Broadcom Landlord

The $443 million sale of Broadcom Ltd.’s campus under construction in Irvine would be Orange County’s biggest office transaction in a decade.

By Mark Mueller May 16, 2017 9:18 a.m. share »

Katella Ave. Developers Go West to Cypress, Los Al

A roughly two-mile stretch of land along Katella Avenue in Anaheim could well be considered the hub of infill redevelopment in Orange County.

By Mark Mueller May 15, 2017 midnight share »

Luxe Hotel Planned Near Disneyland Resort

A 3.4-acre site just east of the Santa Ana (5) Freeway in Anaheim is being considered for a four-diamond hotel, the latest luxury hospitality project proposed for the area around the Anaheim Resort district.

By Mark Mueller May 15, 2017 midnight share »

Intracorp Grows IBC For-Sale Holdings With 2nd Buy

Meritage Homes appears to be a move-up buyer when it comes to development sites on one street in the Irvine Business Complex.

By Mark Mueller May 15, 2017 midnight share »
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FivePoint Communities Goes Public

FivePoint Communities Inc., the Aliso Viejo-based real estate developer that’s running Irvine’s Great Park Neighborhoods and other large housing projects in the state, completed its initial public offering on Wednesday, raising close to $300 million.

By Mark Mueller May 10, 2017 9:28 a.m. share »
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FivePoint Eyes Buyback of Broadcom Campus

FivePoint Communities Inc. confirmed it is considering buying back the under-construction campus of Broadcom Ltd. at Irvine’s Great Park Neighborhoods.

By Mark Mueller May 8, 2017 9:54 a.m. share »

TRI Pointe Looks Local to Boost Sales, Value

TRI Pointe Group Inc. has embraced a business-as-usual, California-first approach to its operations following its recent breakup with former majority stakeholder Starwood Capital Group Inc.

By Mark Mueller May 8, 2017 midnight share »

UCI Looks to Add Housing for 2,300 More Students

The University of California-Irvine is pursuing plans to add another big batch of student housing to its campus.

By Mark Mueller May 8, 2017 midnight share »

Emmes to Put Latest OC Office Buy Center Stage

The new owners of the Main Plaza office buildings in Irvine are planning an extensive overhaul of their latest Orange County investment, even after spending nearly $200 million to buy the airport-area towers.

By Mark Mueller May 1, 2017 midnight share »

New AC Hotel in Park Place Opens, Sells for $53.7M

Irvine’s newest hotel, Park Place’s AC Hotel, has a per-room value topping some of the most established hotels in the area around John Wayne Airport, based on a reading of newly filed property records.

By Mark Mueller May 1, 2017 midnight share »
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FivePoint IPO Would Raise Millions, Add to Ownership Complexity

FivePoint Communities Inc.’s transition into a publicly traded company will make its executive team rich and provide plenty of financial cover for the next housing downturn. It should also free up plenty of cash for future real estate acquisitions in and out of Orange County.

By Mark Mueller April 25, 2017 10:22 a.m. share »
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FivePoint Updates Terms of IPO

FivePoint Communities Inc. could raise nearly $600 million from its forthcoming initial public offering and a trio of concurrent private placement deals, according to new regulatory documents filed with the Securities and Exchange Commission.

By Mark Mueller April 24, 2017 10:43 a.m. share »

$56M Impac Mortgage Deal Involves Local Ties

Local real estate and private equity investors Richard and Todd Pickup have increased their already sizeable stakes in Impac Mortgage Holdings Inc. following a $56 million stock sale by the Irvine-based lender.

By Mark Mueller April 24, 2017 midnight share »

Sites Near 55 Freeway Eyed for Industrial, Chick-Fil-A

Big changes could be in the works for a large industrial property just off the Costa Mesa (55) Freeway in Santa Ana.

By Mark Mueller April 24, 2017 midnight share »

4000 MacArthur Office Property in NB on Block

The 4000 MacArthur office complex in Newport Beach is for sale again in what could prove to be Orange County’s largest office transaction so far this year.

By Mark Mueller April 17, 2017 midnight share »

$130M Sale of JCP’s Buena Park Site Sets New Mark

CenterPoint Properties has closed on the buy of J.C. Penney Co.’s massive logistics and distribution facility in Buena Park in one of the largest industrial sales in Orange County in years.

By Mark Mueller April 17, 2017 midnight share »
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TRI Pointe Stock Performance Slammed by Starwood

An eight-year partnership between Irvine-based homebuilder TRI Pointe Group Inc. and its former majority shareholder ended on an unexpected sour note.

By Mark Mueller April 14, 2017 8:12 a.m. share »
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New Home Preps 275 Acres in Corona

The New Home Co. Inc., one of the most active builders on the Irvine Ranch and other area master-planned communities owned by Orange County’s largest landowners, is turning the tables for a new project it has in the works just over the Riverside County line in Corona.

By Mark Mueller April 11, 2017 11:09 a.m. share »

Revamped Kaleidoscope Shopping Center Up for Sale

Mission Viejo’s Kaleidoscope shopping center is for sale.

By Mark Mueller April 10, 2017 midnight share »

Irvine Co. Thinks Small With Spectrum Purchase

Irvine Company has bought a low-rise office campus in the shadow of Broadcom Ltd.’s new office campus in the Irvine Spectrum.

By Mark Mueller April 10, 2017 midnight share »
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Hines Looks to Add Rentals, Hotel to Brea Site

Hines Interests LP is the latest big office owner in Orange County looking to add apartment development to its local repertoire.

By Mark Mueller April 6, 2017 10:28 a.m. share »
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Karma Auto Owners Pay $56M for Irvine HQ

Karma Automotive LLC is embracing a lease-to-own strategy, for its local real estate holdings, at least.

By Mark Mueller April 5, 2017 11:14 a.m. share »

Development Buoys OC Property Managers’ Books

A dose of development helped Orange County’s largest commercial property managers grow their local portfolios for the fifth straight year.

By Mark Mueller April 3, 2017 midnight share »

Brisk Sales Boost Bottom Line of CRE Brokerages

A brisk pace of building, apartment and land sales helped overcome some sluggish leasing activity in Orange County last year. The bottom line: another year of gains for the area’s largest commercial brokerages.

By Mark Mueller April 3, 2017 midnight share »

OC Office Developers Aim to Backfill Existing Space

Three of the area’s biggest owners of high-end office space in Orange County, Irvine Company, LBA Realty, and Hines Interests LP—have proposed a handful of local office projects totaling close to 750,000 square feet for the area around John Wayne Airport and the Irvine Spectrum.

By Mark Mueller April 3, 2017 midnight share »

Five Point IPO Still in Works, Says Lennar CEO

Aliso Viejo-based Five Point Holdings Inc., the master developer of Great Park Neighborhoods in Irvine and other large projects in California, hasn’t abandoned its plans for an initial public offering, according to one of the company’s largest investors.

By Mark Mueller April 3, 2017 midnight share »

Bascom Goes Big With $94M Rental Purchase

Irvine-based apartment investor Bascom Group LLC has made its largest ever acquisition in Orange County, picking up a 406-unit rental complex in Santa Ana.

By Mark Mueller April 3, 2017 midnight share »
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Chicago Firm Tapped To Buy J.C. Penney DC

A Chicago-area industrial real estate owner and developer looking to grow its West Coast presence is expected to buy J.C. Penney Co.’s massive logistics and distribution facility in Buena Park.

By Mark Mueller March 31, 2017 10:16 a.m. share »
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New CEO for Irvine Homebuilder

MBK Homes LLC President and Chief Executive Timothy Kane has announced his retirement from the Irvine-based homebuilder.

By Mark Mueller March 31, 2017 9:59 a.m. share »

IRWD Plans Midsized Office Near Sand Canyon HQ

The worst of a long drought is apparently over, and the Irvine Ranch Water District should now have more time on its hands to pursue other business opportunities, in particular real estate development.

By Mark Mueller March 27, 2017 midnight share »

Starwood’s $150M Bet on TRI Pointe Pays Off Again

A $150 million investment in then-upstart builder TRI Pointe Group Inc. in 2010 has proven to be a big money-maker for Greenwich, Conn.-based private equity firm Starwood Capital Group.

By Mark Mueller March 27, 2017 midnight share »

Coins to Commercial Real Estate

John Saunders has made a fortune through buying and selling some of the smallest and most valuable collectables in the world.

By Mark Mueller March 20, 2017 midnight share »

LBA Plans 6-Story Office Addition at Park Place

LBA Realty has begun to market space for lease at a new six-story office it’s planning at the Park Place campus in Irvine, adding another potential sizeable office development to the area around John Wayne Airport.

By Mark Mueller March 20, 2017 midnight share »

Blizzard Adds Another Spectrum Office to Local Ops

Blizzard Entertainment Inc. still is in growth mode when it comes to its local real estate presence. It appears it’s also still very much a renter rather than an owner.

By Mark Mueller March 20, 2017 midnight share »

New Vantis Hotel in Aliso Viejo Sells for $38 Million

A recently built Homewood Suites hotel in Aliso Viejo has become the first acquisition here by a Texas-based investor that specializes in the hospitality market and is on the lookout for more deals this year.

By Mark Mueller March 20, 2017 midnight share »

Title Insurers Seek More Buys in Face of Rate Hikes

Orange County’s largest title insurance providers are looking at acquisitions both inside and outside their core business lines to help them grow operations and improve efficiencies in a climate of interest rate hikes likely to cut into their refinancing work.

By Mark Mueller March 13, 2017 midnight share »

IBC Apartment Development Cuts into Jobs Base

The boom in residential development in the Irvine Business Complex over the past few years appears to be having an effect on the area’s base of jobs.

By Mark Mueller March 13, 2017 midnight share »

CoreLogic Promotes COO to CEO Post

Irvine-based CoreLogic named Frank Martell president and chief executive to succeed Anand Nallathambi, who died this month after a brief illness.

By Mark Mueller March 13, 2017 midnight share »

Plans Weighed for Trinity Broadcasting Site

It was the second sale of the building this month. Irvine-based Greenlaw Partners bought it directly from Trinity Broadcasting, and shortly after the deal closed, Greenlaw sold it for a slight profit to Alliance South Coast.

By Mark Mueller March 13, 2017 midnight share »

Offices Now Investments for Area’s Ultra-Wealthy

High-net-worth investors in some areas of the country are known for collecting an assortment of fancy cars, jewelry, mansions and other luxury items.

By Mark Mueller March 13, 2017 midnight share »

Life After Broadcom at URP

Irvine Company has started to prepare for life after Broadcom Ltd., one tenant at a time.

By Mark Mueller March 13, 2017 midnight share »
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CoreLogic Names Martell CEO

Irvine-based CoreLogic has named Frank Martell its new president and chief executive.

By Mark Mueller March 6, 2017 12:22 p.m. share »
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CoreLogic’s Nallathambi Dies

CoreLogic President and Chief Executive Anand Nallathambi died after a brief illness, the company said.

By Mark Mueller, Paul Hughes March 6, 2017 9:52 a.m. share »

Invesco Pays $112M for Fullerton Apartments, Dell Inc. Office in AV

Dallas-based Invesco Real Estate, one of the most active institutional investors in Orange County in the past few years, has added a newly built apartment complex in Fullerton and another office in Aliso Viejo to its local portfolio.

By Mark Mueller March 6, 2017 midnight share »

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