Orange County Business Journal

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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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.

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.

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.

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.

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.

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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.

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.

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.

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.

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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.

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.

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.

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.

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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.

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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.

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.

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.

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.

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.

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.

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.

Last Holdout in Recovery: 100,000-SF-Plus Deals

Few Leases for Big Chunks of Contiguous Space This Year

The Orange County Social Services Agency practically has the market to itself as it explores a headquarters move from 888 N. Main St. in Santa Ana.

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.

Healthcare REIT Sale Winner for Griffin-American

Former Grubb Offering To Be Sold for $4 Billion

Griffin-American Healthcare REIT II in Irvine, an owner of healthcare-related real estate properties that has ties to Grubb & Ellis Co., appears to be one of the few winners emerging from the brokerage company’s short-lived stint as an Orange County-based company.

Social Services Lease Would Top Year’s List

REAL ESTATE: OC’s biggest public agency in talks to move to Orange

The Orange County Social Services Agency is expected to move its headquarters from Santa Ana to Orange in what would be OC’s largest new office lease of the year.

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