1.5M-SF Management Pact Adds to Strategic Moves
Newport Beach-based RiverRock Real Estate Group Inc. has picked up a sizeable account for its property management business in the latest big change in the operations for Voit Real Estate Services and its affiliated companies.
City-Owned Land Trading For Less Than Nearby Sites
The developers looking to turn a nearly 21-acre parcel at Tustin Legacy into a retail and healthcare project appear to be getting a good price on the city-owned land.
Industry Watchers Speculate It Could Be Ripe for Consolidation Trend
Improving fortunes in the housing market and a disciplined operating plan have provided a boost to the fortunes of William Lyon Homes Inc. during its return to the public markets.
REAL ESTATE: Shanghai firm paid $137M for 653-room hotel
An affiliate of one of China’s largest construction companies has purchased the Hyatt Regency Orange County in Garden Grove for $137 million.
REAL ESTATE: $51.2M buy comes as $2.3B REIT ramps up
KBS Realty Advisors is the latest Orange County real estate investor looking to invest in New Orleans’ hospitality market, even as the Newport Beach-based company continues to seek deals—and investors—in its own backyard.
Bixby Moves to Avalon, BKM Buys Athletic Club
Bixby Land Co. didn’t have to look too far to find its first tenant for a creative-office redevelopment it recently finished in Newport Beach.
REAL ESTATE: Irvine Co. nabs BofA division for new tower
The Irvine Company has landed its largest tenant yet for the new 520 Newport Center office tower next to Fashion Island.
Marketed For Potential Creative-Office Uses
Allergan PLC has put a pair of office properties it owns in Irvine on the market. It’s the first time Allergan has tried to shed locally owned buildings since its sale to Actavis PLC this year.
REAL ESTATE: Business park would boost city’s industrial base
Western Realco is planning to build a multibuilding business park on land in Fullerton that previously held the headquarters of Beckman Coulter Inc.
REAL ESTATE: One of two largest at 14-building project
Walt Disney Co. has inked a deal to lease one of the largest new industrial buildings built in Anaheim over the past decade to support its local theme park and resort operations.
REAL ESTATE: Tower bought in deal with PRES Cos.
The cash-flush duo that runs Corona-based Monster Beverage Corp. is looking to provide a boost of energy to a high-profile office tower in Orange they’ve just bought.
2-Building Office-Retail Space Nabs $734 PSF
A pair of office and retail buildings on East Coast Highway in Corona del Mar has traded hands at what’s been described as a record price for the area.
REAL ESTATE: $147M price for Chino Hills center up 55%
A bet on the Inland Empire retail market in 2010 has paid off well for MX3 Ventures, a Newport Beach real estate investor with ties to former Santa Ana-based storage device maker STEC Inc.
REAL ESTATE: 49 units would be latest for-sale project
Land in Newport Center that holds a carwash and that was once eyed for a boutique hotel now is being considered for a condominium project.
REAL ESTATE: ‘Biggest deal ever’ to use grid-feeding batteries
The Irvine Co. has signed on to a cutting-edge energy storage project that will transform nearly two dozen of its highest profile offices in the Irvine Spectrum and John Wayne Airport area into hybrid electric buildings over the next year.
ECONOMY: Gensler-designed center to have capacity for 1,000
A longtime area special-events producer is pulling out all the stops for a meeting and events venue that’s being built in the Irvine Spectrum.
REAL ESTATE: Upgrade, possible addition to 3-building campus
The new owner of Emulex Corp.’s headquarters in Costa Mesa is planning a creative-office redevelopment of the existing three-building campus, with additional ground-up development on excess land at the property a possibility.
Distribution Center Project Could Start in November
The Irvine Spectrum’s industrial market is about to get a little cooler, and a creative-office redevelopment isn’t the cause this time around.
REAL ESTATE: Expects to set up similar corporate hub on East Coast
Irvine has gotten the nod over Westlake Village in the merger of Standard Pacific Corp. and Ryland Group Inc.
REAL ESTATE: Six buildings fetch estimated $20 million
Newport Beach-based Olen Properties Corp. has made its largest local purchase in two years, snapping up a business park in Aliso Viejo.
$150 Million Office Buy Would Be 2nd Since 2014
An affiliate of Newport Beach-based KBS Realty Advisors is under contract to buy one of the more prominent office complexes in downtown San Jose.
REAL ESTATE: Latest buy with Rialto valued at $30.5 million
The Koll Co. has made its largest reported local purchase in several years, snapping up an office tower just over the Los Angeles County line in Cerritos.
REAL ESTATE: Plans to lease 2 of 3 buildings back to AT&T
LBA Realty, fresh off a big financing deal for its Park Place mixed-use campus in Irvine, has snapped up an 18-acre property in Anaheim from AT&T Inc.
Flex-Space Operator Latest OC Firm to Eye Texas
Office-campus operator TechSpace Inc. is the latest Orange County real estate company making a push into Austin, Texas.
REAL ESTATE: Puts 170 acres at two LA County sites on block
Grocery chain Albertsons Cos. is looking to expand the size of its already-formidable distribution center holdings in Orange County and shed some big industrial properties it owns in Los Angeles County and Oregon.
Platinum Triangle Project Recast; Could Be Part of Fund With Sovereign, Institutional Backers
Lennar Corp. plans to begin construction by year’s end on the first phase of residential development at its massive—albeit slimmed down—A-Town project in the Platinum Triangle.
Project Will Be Model For Huntington Beach Site
Obamacare is paying local dividends for Accretive Realty Advisors Inc., an Irvine-based real estate investor and developer that specializes in medical properties.
REAL ESTATE: Wells Fargo, Wing Lung latest leases
The Irvine Company appears to be seeing an uptick in leasing activity for its new 520 Newport Center office tower, even as a recent report suggests that the newest addition to the seaside corporate hub now has one of the highest-ever asking rents for a building in Orange County.
Apple Reported To Be Other Possibility
Irvine-based Broadcom Corp. could be close to finalizing a deal to build a second office campus for its operations, this time in Silicon Valley, according to news reports coming from Northern California.
REAL ESTATE: 4 acres off 405 seen as part of redevelopment plan
Chicago-based Tribune Media Co. appears to be expanding its development plans in Costa Mesa.
REAL ESTATE: Buyer sells HB Best Western before $7.4M deal
Add a hotel to the increasingly lengthy list of new types of product planned for land bordering the Tustin Legacy development site.
Aims For 10-Year Leaseback of Western Hub
Volt Information Sciences Inc., a New York-based provider of staffing services, has put its Orange office campus on the market.
REAL ESTATE: Irvine Company revamps, recasts office complex
Oculus VR Inc. might not count Irvine as its headquarters any more, but the virtual reality headset maker’s influence on Orange County’s technology sector can still be seen in the buildings where its local operations are housed.
REAL ESTATE: Could add 300,000 SF, 15 stories on Katella
The owner of Stadium Towers Plaza, a 12-story office next to Angel Stadium of Anaheim, is in the early stages of planning to double down on the same site.
Offices Next to 241 Hold HQ for Kaiser Aluminum
Foothill Plaza, a two-building complex in Foothill Ranch that’s one of the highest-quality buildings in the office market in and around Lake Forest, has traded hands at a price approaching $50 million.
REAL ESTATE: Prudential affiliate gets 202,000 square feet near JWA
A 10-story office building in Newport Beach is the latest property to get snapped up by institutional investors bullish on Orange County’s improving economy.
REAL ESTATE: Leases combine for 435,000 square feet
Blizzard Entertainment Inc. has signed a new lease for its offices in the Irvine Spectrum in a deal that should keep Orange County’s largest software company in its present location for the foreseeable future.
REAL ESTATE: Big redo in store for former WaMu offices
The local office of Houston-based Hines Interests LP has partnered with Pacific Investment Management Co. in Newport Beach to buy one of the most prominent office campuses near John Wayne Airport.
REAL ESTATE: Irvine Co. deals extend to new Eastwood project
The New Home Co. is expecting more than $500 million worth of luxury home sales on the Irvine Ranch, thanks to its latest big land deal with Newport Beach-based Irvine Company.
50M SF Planned in US, Fewer Options at Home
A handful of Orange County developers are at the forefront of a big push to build dozens of cutting-edge distribution and warehouse buildings across the country.
Costa Mesa Proposal Would Be a First For City
The owners of a Costa Mesa apartment complex want to take a new approach to dealing with parking congestion.
REAL ESTATE: Deal in $50M range for Texas-based JPI/TDI
A Texas-based apartment investor is under contract to buy one of the largest remaining residential development sites in the Platinum Triangle area of Anaheim.
Report Cites Last Montage Owner as Possible Bidder
Strategic Hotels & Resorts Inc. is, for the second time in as many years, rumored to be exploring a sale of its high-end hotel portfolio. The deal could change ownership of two of Orange County’s toniest resorts.
Irvine-based Standard Pacific Corp. will have a new name following its impending acquisition of Ryland Group Inc.
Apple REIT’s $20M Buy Follows R.D. Olson Deals
An affiliate of Richmond, Va.-based hotel investor Apple REIT Cos. has added another Orange County property to its portfolio.
William Lyon Homes promoted Matthew Zaist to the role of co-chief executive officer.
REAL ESTATE: Blackstone unit to be second biggest landlord here
A division of New York-based Blackstone Group is returning to its position as Orange County’s second largest landlord just as the local market for office space looks to be switching into overdrive.
William Lyon Homes said it has promoted Matthew Zaist to the role of co-chief executive officer.
REAL ESTATE: Lincoln Property expected to pay $68 million
Lincoln Property Co. is buying a large office next to Angel Stadium of Anaheim in the latest sign of an improving office market in Central Orange County.
REAL ESTATE: Data indicate relative bargain at $264 per SF
Newport Beach-based Burnham-Ward Properties has expanded its hometown office holdings with a property not too far from John Wayne Airport.