Mark Mueller

News Editor/Reporter

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 mueller@ocbj.com.

Email: mueller@ocbj.com
Phone: 949-833-8373 Extension: 226

Recent Stories

Southland Industries Adds in Garden Grove

REAL ESTATE: Contractor takes Money Mailer’s old headquarters

Southland Industries, one of the country’s largest mechanical, electrical, and plumbing systems contractors, is stepping up its presence in its home of Garden Grove.

‘OC Silicon Cities’ Pitch For Amazon HQ2 Project

Willowick Golf Course Key Part of 10Msf Plan

A cluster of Central Orange County cities plan to throw their hats in the ring to get e-commerce giant Amazon’s second headquarters.

Newport Beach Tennis Club Land Trades for $12.4M

REAL ESTATE: Diamond Jamboree owners invest

The land underneath the Newport Beach Tennis Club has been bought by a prominent area retail developer.

Device Maker Vyaire Plans Irvine Move, Hiring Push

Yorba Linda CareFusion Ops Moving to Spectrum

One of the biggest medical device firms in Orange County plans a major expansion and hiring push after signing a deal to move its local operations from Yorba Linda to an office project being built in the Irvine Spectrum.

Sunstone Gets Sky-High View at 200 Spectrum Tower

Top-Floor Lease Follows Tarsadia Deal in Newport

Sunstone Hotel Investors Inc. is the latest hospitality company getting a prime view at one of Irvine Co.’s new area office towers.

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Cushman Lands Ten-X Exec To Run OC, IE Offices

Based in Irvine Office Of CRE Brokerage

Cushman & Wakefield Inc. has named a former executive of Irvine-based auction firm Ten-X LLC to run its Orange County and Inland Empire offices.

Vantis Office in Aliso Viejo Trades for $53.6 Million

Shea Properties Sells Site To Brookhollow Group

Shea Properties has sold one of two large offices it built and owned at its 40-acre Vantis mixed-use campus in Aliso Viejo.

Self-Storage Investor Aims to Be Big Man on Campus

REAL ESTATE: Student housing a focus for $1.1B REIT

Ladera Ranch-based SmartStop Asset Management LLC, one of the country’s most active investors in the self-storage industry, is looking to tackle a new sector of the real estate market: student housing properties next to schools with big football programs.

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Huntington Beach Waterfront Site In Line for Reboot

REAL ESTATE: Peter’s Landing sells for $33M

Peter’s Landing Marina, a retail and office property on Pacific Coast Highway overlooking Huntington Harbour, is in line for a makeover after being acquired by an upstart investment firm in Irvine.

Muller Brings in New P.E. Fund for 3 Area Towers

REAL ESTATE: $232M combined price for recapitalization

Laguna Hills-based Muller Co., in a recapitalization deal valued at nearly $232 million, has brought on a new financial partner for three area high-rise offices it owns and operates.

UCI Retail Center Adding New Amazon Shop to Mix

Campus-Centric Target Store Opened in Summer

Irvine Co. has landed Amazon after all.

New Bloom: Orange’s Village Nurseries Nears Sale

REAL ESTATE: 500 acres in SoCal; nearly $74M price cited

Orange-based wholesale and retail plant and tree growing business Village Nurseries, which owns more than 500 acres in Southern California, is nearing a court-overseen sale to a Texas-based firm.

Marriott's Main Man

Olson’s Lido, Irvine Hotels Prep to Open

A mid-September tour of the under-construction Lido House Hotel in Newport Beach has turned into an impromptu architectural design review for Bob Olson.

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PHG Sells Bacara

Irvine-based Pacific Hospitality Group has sold of one of its high-end hotel properties, Bacara Resort & Spa in Santa Barbara County.

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Feds Look to Seize Irvine Building Amid Metals Probe

REAL ESTATE: Complaint follows Business Journal report

One of the most prominent industrial buildings in the area around John Wayne Airport, the 2323 Main St. building in Irvine, now has a for-lease sign up after years of turning away potential tenants.

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Essex Sells Mission Viejo Rentals, Sounds OC Alarm

$83M Sale of Madrid To 2nd San Mateo Investor

Two San Mateo-based apartment investors have swapped ownership of a big rental complex in Mission Viejo: 230-unit Madrid on Los Alisos Boulevard, just south of the 241 Toll Road.

LA Towers Fetch $441M for NB Sellers

REAL ESTATE: AT&T site in Pasadena; DTLA KBS tower

Newport Beach real estate investors Saunders Property Co. and KBS Realty Advisors are cashing out of a pair of office towers in Los Angeles County to the tune of $441.5 million.

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Bren Adds Clout to Irvine Amazon Bid

City’s Proposal Not On Top of Pundits’ Lists

At first glance, Irvine’s attempt to woo Amazon for the e-commerce giant’s second headquarters carries about the same long odds as Larry Agran’s quixotic presidential bid in 1992.

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Olen Adds 9-Story NB Tower

3rd Big Office Sale in City Since August

Olen Properties Corp. has added a prominent office tower in its hometown of Newport Beach to its growing real estate portfolio.

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IRWD Sells Serrano Summit, Keeps Anaheim Rentals

Says Bascom Bid Of $131M Far Off Mark

This month’s sale of the 82-acre Serrano Summit development site in Lake Forest is the most expensive reported land sale in Orange County this year.

KBS Realty Looks to Asia for Latest REIT

REAL ESTATE: SGX offering would follow Tel Aviv debt

KBS Realty Advisors appears to be going out-of-country again to raise money for a new real estate fund.

$106M for Largest La Palma Office Complex

Greenlaw, Westbrook JV Buy 10-Building Campus

Centerpointe La Palma, the largest office complex in North Orange County, has traded hands in a $106.1 million deal.

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Beer Mecca: ‘Brewing District’ Eyed in Anaheim

120-Room Hotel Also on Tap, 92,000 SF of Retail

A Los Angeles-based developer wants to turn a roughly 13-acre site near the Anaheim resort district into a Disneyland of sorts, for beer lovers.

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RSI Adds to Texas Pipeline, Gets OK for 1,500 Homes

Plans 35 Communities In SoCal, Texas This Year

Newport Beach-based RSI Communities LLC has added another large development site in Texas to its growing homebuilding portfolio.

Lake Forest Land Sells for $177M

Serrano Site to Lennar; LandSea Sells Some Land to KB Home

Two of the largest residential development sites in Lake Forest have changed hands within a few days of each other in a pair of land transactions valued at nearly $177 million combined.

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Irvine Co. Making Serious Push for Amazon HQ2

The Irvine Co. said it’s making a serious push to bring Amazon to Irvine for the e-commerce giant’s second headquarters, and has enlisted its former No. 2 executive to lead the project.

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Key West Lands 2nd Big OC Investor in a Month

Passco Apartment Buy Follows Sunstone Deal

It’s a nearly 2,900-mile trip from Orange County to Key West, Fla., site of the southernmost point in the continental United States.

Anaheim Distribution Building Brings Top Dollar

REAL ESTATE: DCT buys former PacSun facility for $56M

A real estate investment trust in Denver has bought a big distribution center in Anaheim in one of the most expensive deals on record for an older industrial property in North Orange County.

Irvine Slow-Growth Measure Targets Area Developers

BALLOT BOX: Similar to Costa Mesa; aiming for ’18 vote

A slow-growth ballot measure has been proposed for Irvine, which if passed would quickly put a chill on development for Orange County’s third largest and fastest-growing city.

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Tofu Maker Doubles Down on OC Presence

House Foods Unit Aims for $89M in Annual Sales

House Foods America Corp., a Garden Grove-based manufacturer of tofu, noodles and other Asian-influenced food products that’s seen a surge in business the last decade, has bought an office next to its headquarters for what looks to be a potential expansion of its local operations.

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No Model, No Problem

Brisk Sales in Irvine, Even Without Them

This month’s grand opening of a collection of three new home types at Irvine’s Eastwood Village community had a bit of a carnival atmosphere, with an assortment of food trucks, balloons for children, and other giveaways for the more than 1,000 people who braved the summer heat.

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Plans for Mixed-Use Project in Little Saigon Unveiled

Hotel, Apartments, Retail And Festival Street Eyed

Plans for a big mixed-use development in the Little Saigon area of Westminster have been unveiled by the project’s local design team.

Familiar Names Buy Broadcom Campus

REAL ESTATE: Starwood, Rockpoint invest in Irvine site

Regulatory documents are shedding a bit more light on FivePoint Communities Inc.’s blockbuster purchase of Broadcom Ltd.’s four-building, 73-acre campus under construction at Great Park Neighborhoods in Irvine this month.

CoreLogic GC to Leave

Stergios “Terry” Theologides, general counsel and secretary of CoreLogic Inc., will leave the Irvine-based real estate real estate data and research company next month.

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Garden Grove Plots Ambitious Hotel Growth Plan

Projects Could Grow Bed Taxes by 21% in 5 Years

Garden Grove economic development officials promote their city in marketing materials as “Southern California’s undiscovered jewel.”

KBS Realty’s Office Spree Heads to Portland and S.C.

Under Contract For $155M Deal in Oakland

KBS Realty Advisors and affiliates continue to hunt for sizable office properties across the country for sale, with nearly $250 million worth of notable deals announced this month.

The Source Developer Plans Residences

REAL ESTATE: 5-story project, 16-story tower proposed

The developer of The Source, Buena Park’s largest commercial real estate development in over a decade, now has its eyes on residential development in the city.

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Man Bites Dog: Irvine Co. JWA Office Park for Sale

REAL ESTATE: Complex built in 1975, totals 81,551 SF

In a rarity, Newport Beach-based Irvine Co. has put an office property it owns in Orange County up for sale.

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SF Investor’s Lake Forest Buys Likely to Top $110M

Drawbridge Gets HQ of Panasonic Avionics

San Francisco-based commercial real estate investor Drawbridge Realty has made its second Orange County office purchase in as many years, picking up the Lake Forest headquarters of Panasonic Avionics Corp.

Industrial Deal Puts Sears’ OC Sales Near $228M

LBA Buys Big Industrial Site on Warner For $41M

An affiliate of struggling retailer Sears Holdings Corp. has sold a second sizable Orange County property in less than a month, the Business Journal has learned.

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FivePoint Goes Commercial With $443M Irvine Deal

REAL ESTATE: Broadcom site renamed; Irvine Co. model eyed

FivePoint Communities Inc. has completed the blockbuster $443 million purchase of Broadcom Ltd.’s campus where construction is wrapping up in Irvine.

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San Clemente Site Looks to Add Hotel, Restaurants

Land Next to Outlets Mall Trades for $10 Million

A long-awaited hotel project at San Clemente’s Marblehead Coastal property appears to be taking steps toward construction.

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Veritone Takes AI-Centric Business to Costa Mesa

New HQ at The Met Follows May IPO

Artificial intelligence technology and media firm Veritone Inc., fresh off an initial public offering in May that raised $37.5 million, is moving its headquarters to a larger space in Costa Mesa.

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JLL Adds Laguna Hills Appraisal Office to Local Mix

Deal for Integra Its 4th OC Buy Since 2014

Chicago-based JLL, whose Irvine office is one of the largest commercial brokerages here, has added an Orange County-based appraisal office to its operations in its latest area acquisition.

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No Land, No Problem For Developer Western Realco

$40M in Buys Kick Off 1-Million-SF Beckman Project

Western Realco isn’t the only game in town right now when it comes to industrial development in Orange County.

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Mapping Technology Firm Moving Irvine HQ to URP

REAL ESTATE: Digital Map move follows VC funding, buy

The latest technology tenant that Irvine Co. has landed to replace Broadcom Ltd. at University Research Park shouldn’t need help with directions to its new headquarters.

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Office Buzz on Monster Buy: $58M Deal With Greenlaw in Newport

The top two executives of Corona-based Monster Beverage Corp. are about to add a trophy office in Newport Beach to their rapidly growing commercial real estate portfolio in Orange County.

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Olen Continues Rental Push in ‘Booming’ Markets, $600M Since ’14

Igor Olenicoff, the owner of Newport Beach-based real estate firm Olen Properties and Orange County’s third-wealthiest person, is keeping his company on the growth path locally and out of the area.

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Irvine’s Great Far East Looks to SGV for Latest Deal

Diamond Bar Value-Add Office Trades for $27.3M

Irvine-based real estate investor and developer Great Far East has its hands full getting a big office and hotel development next to John Wayne Airport through the entitlement stages, but it still found time this month to snap up one of the best office properties in the San Gabriel Valley city of Diamond Bar.

Sunstone Buys Key West Resort

Aliso Viejo-based Sunstone Hotel Investors Inc. has paid $175 million for a newly-built resort property in Key West, Fla.

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