REAL ESTATE: $112 million would be highest price since 2013
A spate of apartment development going up on Jamboree Road in Irvine doesn’t appear to be scaring off investors looking for existing complexes in the same area.
Bethesda, Md.-based DiamondRock Hospitality Co. bought the Shorebreak Hotel in Huntington Beach for $58.5 million, or nearly $373,000 per room.
Fairfield Residential Plans Mix of For-Sale, Rentals
Los Angeles-based Kilroy Realty Corp. has completed the long-planned sale of a former industrial site on Von Karman Avenue in Irvine where a residential project is slated to go up.
ARTS: Sale, price of current location could be trimmed
Plans to relocate the Orange County Museum of Art to a new facility at the Segerstrom Center for the Arts in Costa Mesa are moving forward despite uncertainty over the fate of the museum’s current location in Newport Beach.
Bethesda, Md.-based DiamondRock Hospitality Co. said it has bought the Shorebreak Hotel in Huntington Beach for $58.5 million.
REAL ESTATE: Top builders in area combine to top 4,000 mark in 2014
More than $3.5 billion was spent on new homes in Orange County last year as the area’s busiest builders reported the most sales here in a decade.
Clarion, Pacific Industrial Buy Site From Greenlaw
Land in Brea that once held an RV storage facility is on the fast track to hold one of the city’s largest new industrial buildings.
REAL ESTATE: Gets low-rises in SoCal, 10-story Dallas office
Recent deals for three low-rise offices in Southern California capped off an active couple of months for Newport beach-based Buchanan Street Partners, which has also added a 10-story office in Dallas to its portfolio of recent investments.
Irvine Ranch, Pavilion Park, RMV Counter Nat’l Trend
Sales at Orange County’s best-selling masterplanned residential developments showed no signs of slowing last year and are poised for more growth this year, despite a cooling trend across much of the country.
REAL ESTATE: Four offices total 365,000 square feet
Menlo Equities LLC has added four more offices to its already sizable holdings in Foothill Ranch and Lake Forest, in a pair of acquisitions valued at more than $60 million.
Less Risk, Fast Sales Appeal to Publicly Traded Firms
Orange County’s largest masterplanned developments are driving a bulk of the recent new-home sales in the region, but plenty of builders are also finding success buying land for residential projects off the beaten path.
Aliso Viejo-Based Hotel Investor Sheds Debt, Gains Leverage
Bryan Giglia has helped Sunstone Hotel Investors Inc. complete a corporate makeover as extensive as any redevelopment the company has undertaken for one of its portfolio hotels.
$100M+ Deal Follows Big Lease for Hyundai Capital
The 4000 MacArthur office complex in Newport Beach has traded hands for more than $100 million, just weeks after the two-building property landed one of the largest tenants on the market.
REAL ESTATE: Buys Douglas Park land from Sares-Regis
Newport Beach-based Burnham USA Equities Inc. has bought nearly 30 acres of land next to Long Beach Airport where it’s planning one of the largest retail projects in the city in years.
Menlo Equities Plans To Reconfigure Warehouse
Menlo Equities LLC hasn’t found too much success leasing out its Quintana office campus near John Wayne Airport. But the Palo Alto-based company appears to be seeing strong user interest at an industrial complex it owns next door, thanks to tenants of a different type.
REAL ESTATE: $1.4M-per-room sale of Montage an OC record
The Chicago-based investor that was reportedly exploring a sale of its lone Orange County property just 18 months ago has instead added to its local resort holdings.
REIT Buys New Center For Estimated $111 Million
Add Donahue Schriber Realty Group to the growing list of Orange County commercial real estate companies spending big dollars in Silicon Valley.
REAL ESTATE: Eyes lifescience tenants for 884,000-SF project
A recently returned corporate citizen of Orange County has gotten started on one of the largest office developments under way in California—an 884,000-square-foot project that will mix a hotel and retail space into an office development intended for lifescience companies in the Bay Area.
REAL ESTATE: Entire building at MacArthur and Jamboree taken
Irvine-based Hyundai Capital America Inc. is consolidating a large portion of its sizable local operations at the 4000 MacArthur office campus in Newport Beach.
Chipmaker Puts Price on Plans for Great Park Campus
Irvine-based Broadcom Corp. is investing nearly $800 million for its new headquarters next to Orange County Great Park, according to regulatory filings.
Chicago-based Strategic Hotels & Resorts Inc. bought the Montage Laguna Beach for $360 million, the hotel investor said.
REAL ESTATE: Hedge-like fund eyes end to strong run for hotels
Ken Cruse, who recently left the top job at Aliso Viejo-based hotel investor Sunstone Hotel Investors Inc., has started an investment company that will try to take advantage of the next downturn in the hospitality industry.
Win-Dor Site Once Eyed For 20-Story Office Tower
Golden Road Brewing, a growing craft beer maker based in Los Angeles, has snapped up an industrial building across the street from Angel Stadium for its first Orange County location.
Chicago-based Strategic Hotels & Resorts Inc. has bought the Montage Laguna Beach for $360 million, the Chicago-based hotel investor said on Thursday.
Strategic Hotels & Resorts Inc. has bought the Montage Laguna Beach for $360 million, the Chicago-based hotel investor said on Thursday.
Offices Could Join 1,600 Planned Apartments
Nearly 30 acres along a busy stretch of Jamboree Road in Irvine have sold over the past few weeks or are expected to soon, with plans for apartment and office development expected to start on the sites.
REAL ESTATE: Park Place lease could bring sale of Santa Ana HQ
Ingram Micro Inc., Orange County’s largest company by sales, is expected to move its headquarters from Santa Ana to Irvine after signing a large office lease at the Park Place mixed-use campus.
Irvine-based Standard Pacific Corp. is the lone locally based homebuilder tapped to build homes at Beacon Park, the second community planned for Great Park Neighborhoods.
Office, For-Sale Projects Eyed Alongside More Apartments
The development of the Platinum Triangle area in Anaheim is entering its second decade, and the 820-acre swath of land around Angel Stadium remains poised to be a hub of apartment construction.
REAL ESATE: Too Faced adds space amid reports of sale
Too Faced Cosmetics LLC, an Irvine-based cosmetics company that’s said to be considering a sale, has inked a lease for a much larger headquarters in its hometown.
Silicon Valley Portfolio Now Tops 4 Million SF
Irvine Company has made another pricey office investment in the Silicon Valley city of Santa Clara.
Irvine-based Standard Pacific Corp. is the lone locally-based homebuilder tapped to build homes at Beacon Park, the second community planned for the Great Park Neighborhoods.
Sunstone Hotel Investors Inc. president John Arabia has been appointed chief executive of the Aliso Viejo-based company.
REAL ESTATE: 2 buildings, 150,000 SF on 10 acres
The local office of Dallas-based Lincoln Properties Corp. has bought the largest office property in Los Alamitos.
21-Acre Site Now Unused, Redevelopment Planned
Development activity could move ahead this year at a former Los Angeles Times printing plant in Costa Mesa that’s long been a source of speculation of a potential sale or redevelopment, according to its owner.
REAL ESTATE: Self-storage to rise on 10 acres next door
A 14-acre property in Irvine near the Tustin Legacy development site is expected to be converted into a manufacturing center for a Japan-based automotive research and development company, with a self-storage facility slated for next door.
Three-Building Campus Last Sold for Reported $130M
LBA Realty and KBS Realty Advisors, two of Orange County’s most active commercial property investors through much of 2014, wrapped up the year with a blockbuster transaction in Northern California.
HOTELS: $53M estimate for 302-room property near JWA
The Hilton Irvine/Orange County Airport has been sold to a San Jose-based investor.
REAL ESTATE: Development push extends to Silicon Valley
Irvine-based R.D. Olson Development is under contract to sell a trio of its recently built hotels here for $103 million to a Virginia-based investor.
REAL ESTATE: Provider, insurers snap up former subprime turf
Obamacare was a boon to the health of Central Orange County’s office market in 2014.
‘Echo Beach’ Plan Would Raze 1970s-Era Apartments
A midsize apartment complex steps from the ocean in Newport Beach has been acquired by a new owner with plans for a for-sale residential project at the site.
Great Park Developer Lands Broadcom for Commercial Anchor
Emile Haddad caught the big fish in Orange County’s office market last year.
REAL ESTATE: Sheds odd fit, uses some of profit in Atlanta
Newport Beach-based Olen Properties has sold one of its local holdings, a business park in Santa Ana that it owned for less than three years.
$25.3M for Orange Office Leased to Aecom Tech
San Diego-based real estate investor Westcore Properties has bought one of the last remaining Orange County assets of Kilroy Realty Corp.
REAL ESTATE: Latest OC-based investor to buy into Georgia capital
A nationwide apartment push by Olen Properties has seen the Newport Beach-based real estate owner and investor make its first acquisition in the Atlanta area while ramping up development in other markets outside Orange County.
REAL ESTATE: Plan for Tustin office continues trend
Bixby Land Co. is set to undertake its largest creative-office redevelopment project in Orange County to date at an industrial building in Tustin.
5-Building Project Part Of $120M JV With Prudential
CT Realty is moving ahead on a $25 million industrial project in Riverside in the first deal the Aliso Viejo-based developer has made with a large institutional investor it recently partnered with.
Orange County’s biggest landlord grabbed more than its share of headlines this year, confirming our choice of Doug Holte, who heads the office properties division for Irvine Company, as 2014’s person to watch for real estate.
REAL ESTATE: Renovation seen for 300-room Anaheim Plaza
A 300-room hotel across the street from the Disneyland Resort in Anaheim is expected to see a major renovation following its sale to a Hong Kong-based investor.
A $345 million acquisition spree by Newport Beach-based KBS Realty Advisors includes a prominent office tower in San Jose and a pair of deals on the other side of the country.