Orange County Business Journal

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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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 3, 2017 6:20 p.m. share »

Olen Eyes Buys After Big Re-Fis

Newport Beach-based Olen Properties Corp. has closed on a big loan for its largest local property—a mixed-use development it owns in Brea—and is close to putting some of the proceeds from that and other recent financing deals into an apartment complex it plans to buy outside Orange County.

By Mark Mueller February 27, 2017 midnight share »

Credit Union Eyes Tustin for New HQ

SchoolsFirst Federal Credit Union, the largest credit union in California, is eyeing a site in Tustin to build a sizeable new headquarters facility.

By Mark Mueller February 27, 2017 midnight share »

IE Cement Magnate Eyes Santa Ana Rentals

A 601-unit apartment project has been proposed for a roughly six-acre site next to the Santa Ana Zoo that sold last year to a wealthy businessman from the Inland Empire.

By Mark Mueller February 27, 2017 midnight share »

Top Service, Top Prices at OC’s Latest Luxe Rentals

Orange County’s newest batch of luxury apartment communities, which command some of the highest rents ever seen among complexes here, aren’t for renters short on cash.

By Mark Mueller February 27, 2017 midnight share »

Lake Forest Homebuilding Steps Out of Shadows

Lake Forest, despite being in the shadow of California’s two best-selling master-planned communities, has been holding its own during the latest residential building boom.

By Mark Mueller February 27, 2017 midnight share »

New-Home Sales Surge to Levels Not Seen Since ‘03

Close to $4 billion was spent on new homes in Orange County last year as builders here posted their best sales year since 2003, thanks to new projects going up at the area’s largest master-planned communities.

By Mark Mueller February 27, 2017 midnight share »

Pendulum Property Pays $41.6M for Office in Irvine

A real estate investment, management and development firm that started operations last year has made an office in Irvine near The Market Place shopping center its first investment.

By Mark Mueller February 27, 2017 midnight share »

One More Mariners Mile Office for Moshayedi Clan

The biggest property owners in the Mariners Mile area of Newport Beach have added another building to their holdings.

By Mark Mueller February 27, 2017 midnight share »
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Gen. William Lyon Steps Down from Homebuilder's Board

Newport Beach-based homebuilder William Lyon Homes said that its namesake and founder, General William Lyon, has stepped down as a director of the company.

By Mark Mueller February 20, 2017 9:30 a.m. share »

2 Buildings in Airport Area Pegged at $200M+

New York-based Emmes Group of Cos. has been selected to buy the Main Plaza office buildings near John Wayne Airport in what looks to be the first big local office transaction of the year, real estate sources tell the Business Journal.

By Mark Mueller February 20, 2017 midnight share »

Pacific Hospitality Lists Bacara Resort & Spa for Sale

Irvine-based Pacific Hospitality Group should make a big profit off the planned sale of one of its high-end properties.

By Mark Mueller February 20, 2017 midnight share »
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CoreLogic CEO Takes Temporary Leave

Irvine-based CoreLogic Inc. said that Chief Executive and President Anand Nallathambi is taking a temporary medical leave of absence from the company.

By Mark Mueller February 16, 2017 11:34 a.m. share »

Deal Puts Top Tenant Reps Under Same Roof

Orange County’s two largest commercial real estate brokerages that focus on representing tenants have joined forces.

By Mark Mueller February 13, 2017 midnight share »

Raintree Adds 2nd Irvine Company Rental to Portfolio

Raintree Partners, a Laguna Niguel-based apartment and mixed-use property owner and developer, has added another big rental property in Tustin to its portfolio, thanks to a recent transaction it made with Irvine Company.

By Mark Mueller February 13, 2017 midnight share »

Panattoni Adds 2nd North OC Site to Industrial Pipeline

The developer of Orange County’s largest industrial project over the past decade has bought another site along the Anaheim-Placentia city line for what’s planned to be a multibuilding industrial project.

By Mark Mueller February 13, 2017 midnight share »

Liquidmetal Near Deal for Lake Forest Headquarters

Rancho Santa Margarita-based Liquidmetal Technologies Inc., a maker of alloys used in medical devices and consumer electronics, is under contract to buy a larger facility in Lake Forest.

By Mark Mueller February 6, 2017 midnight share »

Irvine Co. Eyes Affordable Rentals

Irvine Company is looking to turn the former Traveland USA site on the edge of the Irvine Spectrum area into an apartment development with up to 1,710 units in a project targeting middle-income earners.

By Mark Mueller February 6, 2017 midnight share »

New Brea Industrial Site Lands Car Parts Wholesaler

An importer and distributor of automotive parts with headquarters in the Bay Area is moving its Southern California regional distribution center from Torrance to a newly built facility in Brea.

By Mark Mueller February 6, 2017 midnight share »

Everything Accounted For

Good luck finding a local chief financial officer who’s been part of as many complex transactions—including a corporate restructuring, initial public offering, acquisition push, and a string of big-dollar financing deals—as Colin Severn has during his seven-year tenure at William Lyon Homes.

By Mark Mueller February 6, 2017 midnight share »

Alphaeon Plans to Give Back HQ Space

Alphaeon Corp. plans to switch out its glitzy headquarters in Irvine this year for a much smaller location in the area in the latest sign of shrinkage for the lifestyle healthcare company.

By Mark Mueller February 6, 2017 midnight share »

Segerstrom Scion's 'Shelby Shrine'

Ted Segerstrom calls his vintage car collection a “Shelby Shrine.”

By Mark Mueller February 6, 2017 midnight share »
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Stowell to Chair Housing Charity

HomeAid America, a Newport Beach-based building industry charity, said CalAtlantic Group Inc. executive chairman Scott Stowell will lead its Board of Directors as Chairman for the next two years.

By Mark Mueller January 30, 2017 10:45 a.m. share »

Developers’ Residential Plans Getting Malled

The new owners of an office building next to MainPlace Mall in Santa Ana have proposed building a 247-unit apartment complex on excess land at their property.

By Mark Mueller January 30, 2017 midnight share »

Taylor-Dunn’s Anaheim Manufacturing Site Sold

S&A Management LLC, one of Orange County’s largest privately held property owners, has added another notable investment in Anaheim to its portfolio.

By Mark Mueller January 30, 2017 midnight share »

Sources Say Deal for Fairmont Close

An investment group that recently bought the Hilton Irvine/Orange County Airport hotel on behalf of clients in China is close to making another big hotel purchase near the airport, according to hospitality industry sources.

By Mark Mueller, Paul Hughes January 30, 2017 midnight share »

Irvine Company Eyes For-Sale Homes in Silicon Valley

Broadcom Ltd.’s current office campus at University Research Park in Irvine isn’t the only big Irvine Company-owned site in line for a revamp after being vacated by a semiconductor industry company.

By Mark Mueller January 30, 2017 midnight share »

Rare For-Sale Housing Site in IBC Sells for $17.5M

One of the few infill residential development sites in the Irvine Business Complex that’s slated for for-sale homes has been sold to a Seattle-based builder.

By Mark Mueller January 23, 2017 midnight share »

Electrical Contractor In on Anaheim Spec

The development team planning a sizeable industrial and office facility near the Platinum Triangle has found a tenant for the speculative project just a little more than a month after buying the Anaheim site.

By Mark Mueller January 23, 2017 midnight share »

Aliso Viejo Grows Up, Moves on to Next Act

Orange County’s newest city isn’t so new anymore, least of all its office market.

By Mark Mueller January 23, 2017 midnight share »

Fashion Island Luxe Units Come With Record Rents

Irvine Company is taking the wraps off its latest rental community, a Newport Center complex with some of the highest rents of any large apartment project in Orange County.

By Mark Mueller January 23, 2017 midnight share »

Wen Adds LoanDepot HQ to Paper Trail

The Foothill Ranch office complex that holds the headquarters of mortgage lender LoanDepot Inc. is the latest notable area commercial property to be bought by a wealthy local investor.

By Mark Mueller January 23, 2017 midnight share »
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Building Materials Firm Files for IPO

Foundation Building Materials Inc., a Tustin-based distributor of wallboard and suspended ceiling systems, among other items, has filed for an initial public offering.

By Mark Mueller January 17, 2017 9:45 a.m. share »

Greenlaw Gets Energy Boost with $120M in Buys

Irvine-based commercial real estate developer Greenlaw Partners, backed by two local high-net-worth investors, capped off an active year of acquisitions with office buys in Santa Ana and Irvine for nearly $120 million.

By Mark Mueller January 16, 2017 midnight share »

Office Rents Near Peak Levels After 8.5% Jump in ‘16

Year-end brokerage statistics show Orange County’s office market is approaching and in some cases exceeding the rental rate highs reached at the top of the last real estate cycle.

By Mark Mueller January 16, 2017 midnight share »

Shopoff Adds Office Next to Uptown Newport Site

Irvine-based Shopoff Realty Investments wrapped up an active year of investments by buying a midsized office in Newport Beach close to its massive Uptown Newport residential development that it’s preparing to begin construction on.

By Mark Mueller January 16, 2017 midnight share »
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RSI Communities Buys Beaumont Site

Newport Beach-based homebuilder RSI Communities said it has bought a 228-acre site in the Riverside County city of Beaumont, where it plans to build a 981-home development called Olivewood.

By Mark Mueller January 11, 2017 11:36 a.m. share »

Olen Strikes Record-Setting Lease for Chicago Tower

Olen Properties Corp. has signed its largest and most valuable lease ever while keeping its anchor tenant in place at a skyscraper the Newport Beach-based real estate company owns in Chicago.

By Mark Mueller January 9, 2017 midnight share »

Bascom Adds More Las Vegas Rentals With 2 Buys

Irvine-based apartment investor and operator Bascom Group has added two rental properties in Las Vegas to its already sizeable portfolio there.

By Mark Mueller January 9, 2017 midnight share »

Irvine Company Carves 4 Rentals Out for Rare Sales

The apartment portfolio of Newport Beach-based Irvine Company—the largest owner of rental properties in Orange County and in the state—is slightly smaller after the sale of two Southern California complexes, including one in Fountain Valley.

By Mark Mueller January 9, 2017 midnight share »

OC Master Planned Projects Add to National Stature

Orange County is one of the most supply-constrained markets in the U.S. for new home development, but you wouldn’t know that based on the surge of sales at the region’s four largest sources of new homes last year.

By Mark Mueller January 9, 2017 midnight share »

Panattoni Buys 7-Acre Parcel in Anaheim From City

The developer of the Anaheim Concourse industrial campus has closed on the purchase of another, smaller development site near the Platinum Triangle.

By Mark Mueller January 3, 2017 midnight share »

Law Firm Takes Top Floor of Century Centre in Irvine

Law firm Murtaugh Meyer Nelson & Treglia LLP is moving its practice up a few floors at the Century Centre office complex in Irvine.

By Mark Mueller January 2, 2017 midnight share »

Garden Communities Eyes 876 Rentals Next to JWA

San Diego-based Garden Communities of California has disclosed plans for its third big apartment development in Irvine, an 876-unit complex next to John Wayne Airport.

By Mark Mueller January 2, 2017 midnight share »

Real Estate: Ray Lawler

The Newport Beach office of Hines Interests LP had a blockbuster year, with a steady stream of notable property acquisitions, sales, leasing news, and redevelopment activity.

By Mark Mueller January 2, 2017 midnight share »

Local Investor Unveils Plans for QLogic Campus

A local investor has acquired the QLogic Corp. campus in Aliso Viejo and is planning to rebrand the site in preparation of the networking products maker vacating the three-building property this year.

By Mark Mueller January 2, 2017 midnight share »

Modified Mainstream at Source

Visitors to Buena Park’s soon-to-open retail center, The Source, next year should have the chance to check out a movie in a theater that incorporates interactive special effects, relax at a spa, play a round of virtual-reality golf, and sample fare from across the globe at a variety of restaurants unique to the area.

By Mark Mueller December 19, 2016 midnight share »

North OC Business Parks Get NorCal Owners

One of the largest business parks in Yorba Linda has been bought by an investor in San Francisco.

By Mark Mueller December 19, 2016 midnight share »

2017 Preview: REAL ESTATE

Is the clock ticking on Orange County’s real estate market?

By Mark Mueller December 19, 2016 midnight share »

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