OC’s Largest Accountancy Takes Smaller Space
Deloitte LLP, the largest accounting firm in Orange County by employee count, has re-upped the lease on its local offices in Costa Mesa.
Houston-Based Crown Castle Takes 2 Floors
Wireless infrastructure firm Crown Castle International Corp. is the latest big lessee signed for the 200 Spectrum Center tower in Irvine, where top floors appear to now boast the highest rents of any space in the city.
REAL ESTATE: Complex 2nd recent deal for Saratoga
An apartment investor in Silicon Valley has snapped up a big rental complex in Huntington Beach, extending its acquisition push in Orange County since the start of the summer past the $130 million mark.
17911 Von Karman Likely Sells for $33M+
Financial services company Manulife Financial Corp. has added another office to its real estate investment portfolio near John Wayne Airport.
Shopoff Realty Investments in Irvine has paid in excess of $100 million for an apartment complex in Las Vegas and a pair of commercial buildings in Chicago.
Bascom Group LLC in Irvine has sold one of its larger apartment properties, a 1,523-unit complex in Denver, in what local reports said is the priciest deal for a rental property in that city.
The Texas developer planning to build one of the larger apartment complexes in Anaheim’s Platinum Triangle has entered into a $255 million venture with a private equity fund from China to finance the project.
Follows 2012 Deal for 2 Offices at Fullerton Site
The local division of Houston-based Hines Interest LP has bought the ground under one of its larger Orange County office properties.
REAL ESTATE: Building on Main in ‘brazen scheme’ on aluminum?
An unassuming industrial building in the heart of the Irvine Business Complex appears to be playing a part in an international trade caper that purportedly stretches from China to New Jersey to a desert in Mexico.
Harrah Mum on Tenants, Puts 28-Month Timeline on 37-Story Tower
One Broadway Plaza, the long proposed 37-story Santa Ana office tower that would be Orange County’s tallest building, is slated to approach nearly 500 feet when it’s built.
REAL ESTATE: 21-acre industrial property would get 500+ units
Shopoff Realty Investments is looking to convert a nearly 21-acre industrial property in downtown Anaheim into a major residential development with more than 500 homes, townhomes and apartments.
Sandpointe Offices Hold Universal Electronics HQ
Boston-based TA Realty has put up for sale a pair of eight-story offices it owns in the South Coast Metro area of Santa Ana, according to area brokers.
REAL ESTATE: 170,000 SF to support 2-hour delivery program
Amazon.com has quietly signed a lease for an industrial building not far from John Wayne Airport that appears poised to be a linchpin in the online retailer’s growing base of same-day delivery services in the area.
REAL ESTATE: Blackstone under contract to buy nearly 50 buildings
Irvine-based real estate investor LBA Realty is close to making its largest deal in more than a decade with a blockbuster sale of a large portion of its industrial portfolio.
REAL ESTATE: Stalled project seen as senior housing, retail
A land development company in Los Angeles County has bought the “Rusty Skeleton,” a long-abandoned construction site in Garden Grove that it plans to turn into a senior housing and retail project.
Some Parasol Park Homes To Open in November
The first batch of home sales at Great Park Neighborhoods’ Parasol Park in Irvine appears to be kicking off a few months earlier than initially expected.
REAL ESTATE: Hines, Oaktree sell for more than $60M
A San Francisco-based investor backed by funds from the California State Teachers’ Retirement System has bought a two-building office complex in Irvine in a deal believed to have topped $60 million.
TECHNOLOGY: Potential deal with Sprint promises more growth
You could say that Mobilitie LLC moved up a weight class among Orange County’s private companies last year.
REAL ESTATE: Zelman eyes 300,000 SF near Knott’s
The city of Anaheim is moving forward on plans to sell a long-vacant, 25-acre site on its western side to a retail developer.
LT Global Awaits City EIR Decision, Council Vote
It looks like the biggest battle the sputtering Los Angeles Angels of Anaheim will have on their hands over the next few months will involve potential development of a 14.8-acre site next to their stadium.
REAL ESTATE: 371 apartments eyed for St. John Knits buildings
A Hong Kong-based company that bills itself as a business incubator and investor in early-stage technology companies has taken a more down-to-earth approach with its first reported deal in Orange County: a land buy for a big apartment development in Irvine.
Brandon Birtcher is no longer the chief executive of Irvine-based Goodman Birtcher, according to the industrial developer’s Australian parent company.
Santa Ana-based First American Financial Corp. is under contract to buy a New Jersey-based title insurance and real estate research firm on undisclosed terms.
REAL ESTATE: 4 buildings near Mission Hospital total 263,000 SF
A four-building collection of medical office properties surrounding Mission Hospital in Mission Viejo has changed hands for the second time since 2014 in what looks to be Orange County’s biggest office sale so far this year.
REAL ESTATE: To renovate 421 units built in 1972, add 40
Irvine-based apartment investor Advanced Real Estate Services Inc. has made one of the largest local property buys of the year, for a 421-unit rental complex in Fullerton.
REAL ESTATE: Deal retains Lincoln Property as investor
A recently renovated four-story office just off the San Diego (I-5) Freeway in Laguna Hills has a new owner.
New Beaverton Center Trades for Reported $101M
Costa Mesa-based shopping center owner and developer Donahue Schriber Realty Group has paid top dollar for a recently built property just outside Portland, Ore.
REAL ESTATE: 441,000-SF deal in Fullerton biggest lease this year
Third-party logistics services provider 3PL Global LLC is expanding its Orange County presence and shifting its headquarters to Fullerton after signing the largest industrial lease here this year.
REAL ESTATE: Buena Park land bought from City Ventures
Irvine-based homebuilder TRI Pointe Group Inc. has taken over ownership of a prominent residential development site in Buena Park that previously held a Nabisco food manufacturing facility.
REAL ESTATE: Parcel along coast goes for $925,000 per acre
Bill Shopoff’s largest local acquisition in over five years—a former oil storage facility in Huntington Beach—could prove to be the most challenging entitlement project yet for the Irvine-based real estate investor and developer.
Colton Co. Paid $21.5M For Retail Property in 2000
Dallas-based retail property investor Dunhill Partners Inc. has bought a shopping center in Laguna Hills that caters to high-end design and home-furnishing tenants.
350-Room Project On Katella to Run 12 Stories
A limited-service hotel planned for the Anaheim site near the Disneyland Resort that once held The Boogie nightclub appears to be getting much taller than initially envisioned.
REAL ESTATE: Also grows within OC with Brea project
New Home Co. has bought land for its first homebuilding project in San Diego, and is also expanding its reach in Orange County through a new project at the La Floresta development in Brea.
REAL ESTATE: 262,000 SF for executive offices, direct sales center
Karma Automotive LLC will move the bulk of its local operations and establish a new direct sales center in a building in Irvine whose design is expected to echo the company’s cutting-edge technology.
REAL ESTATE: Values new center in Huntington Beach at $970 PSF
It took the Pacific City shopping center in Huntington Beach less than a year to claim a spot among Orange County’s most valuable retail properties.
REAL ESTATE: Park Tower office trades for close to $26M
Milan Capital Management, an Anaheim-based commercial real estate investor, has bought an office tower in Long Beach and sold an office in its hometown in two deals topping $50 million together.
REAL ESTATE: New complex moves for estimated $131 million
A newly built apartment complex in Huntington Beach has a new owner in a deal that appears to set a high-water mark for pricing in Orange County’s hot multifamily market.
New Fund Would Be Its Fourth Since 2008
Ladera Ranch-based SmartStop Asset Management LLC is looking raise more than $1 billion to fund another batch of self-storage facility acquisitions across the country as it takes the wraps off of a new development in its hometown.
Up 42% From Bottom, More Increases Anticipated
It’s taken eight long years, but Orange County’s office market is now back to prerecession levels by one key metric: asking rents.
Laguna Beach-based virtual reality content maker NextVR Inc. said it has completed an $80 million round of funding, led by a syndicate of Asian technology companies.
More Rentals Than Owner Units, JLL Reports Shows
The city of Irvine remains the hub of homebuilding in Orange County through development of Great Park Neighborhoods and the Irvine Ranch, but an even faster construction push in the multifamily sector over the past decade has given rental units majority status in OC’s fastest-growing city, according to new brokerage data.
REAL ESTATE: Greenlight parent takes 150,000 SF in Santa Ana
The parent company of Greenlight Financial Services, a mortgage company with sizeable operations in Orange County, has struck a deal to relocate much of its local employee base to Santa Ana in what looks to be a blockbuster office lease.
REAL ESTATE: Trio adjacent to Outlets, Christ Cathedral
A trio of office properties near the Outlets at Orange shopping center—along with adjacent land that’s expected to hold a host of apartments—has new ownership after a deal valued in excess of $100 million.
Irvine-based Koll Co. has made its largest purchase in nearly five years, picking up a massive logistics and distribution center in Phoenix.
REAL ESTATE: Costa Mesa hub of ‘destination’ tenants
The Triangle, the once-troubled Costa Mesa mall that’s been converted into a thriving entertainment and restaurant center over the past few years, is for sale.
Michael Harrah’s long-awaited One Broadway office tower in Santa Ana has always been expected to eventually become the commercial real estate developer and owner’s crowning local achievement.
REAL ESTATE: Energy drink execs pay $95M for Savi Tech Center
The wealthy local duo that runs Corona-based Monster Beverage Corp. has bought Yorba Linda’s biggest office complex in one of the largest property sales so far this year in Orange County.
Nexus Cos.’ Vivante To Add Another 111 Units
Vivante on the Coast, a high-end retirement community near Hoag Memorial Hospital Presbyterian in Newport Beach, is expanding.
John O’Donnell, a pioneering Newport Beach real estate executive whose companies oversaw a massive industrial development push from Alaska to Mexico over a 40-year period, died last week.
REAL ESTATE: Gets land for 780 homes in San Antonio
RSI Communities LLC has begun to ramp up land deals in preparation for a big homebuilding push outside California.