Inventory of Influence Includes 15 of Wealthiest Here
Wealth doesn’t necessarily translate into power in Orange County, but the two do cross paths.
$156 Million Total Includes Land, Taxes, and Deposits
Broadcom Corp. has given a few more financial details about the land deal it made for its planned new headquarters campus next to Orange County Great Park.
A quartet of Orange County homebuilders are gearing up for the development of Esencia, the second village planned at the ranch community of Rancho Mission Viejo.
Fisker Automotive and Technologies Group LLC has launched a new customer support website for owners of its Karma luxury sports cars.
Legacy Partners Closes On 2-Acre Retail Site
The Lakes Pavilions retail center in the arts district of Costa Mesa has sold in a long-awaited deal that paves the way for a high-end apartment complex to be built at a site across the street from the Segerstrom Center for the Arts.
New Office Likely, Manufacturing in IE Possible
Add real estate needs to the list of mysteries surrounding the second iteration of Fisker Automotive Inc.
REAL ESTATE: Eyes hotel, apartments for area properties
Greenlaw Partners has added another notable property to its portfolio of offices next to the Outlets at Orange shopping center.
Expected to Exit 3 Floors At 2600 Michelson Tower
The first example of Allergan Inc. retrenching its local real estate presence in Irvine following its $72.5 billion sale to Actavis PLC is expected to take place at a high-rise office where Allergan was leasing space.
REAL ESTATE: 50% hike in value boost in two years
The Freeway Corporate Park office campus next to the Costa Mesa (55) Freeway in Santa Ana sold for $24 million in the latest big commercial property sale on a busy stretch of the freeway.
REAL ESTATE: Near deal with Lincoln on 37-acre Cornerstone parcel
The city of Tustin is nearing a deal with the Southern California offices of Lincoln Property Co. to have the company take over development of a 37-acre creative-office project at Tustin Legacy.
REAL ESTATE: Penthouse planned atop Manhattan tower already leased
Irvine Company has found some extra space to lease in its most valuable building, where it’s poised to create the priciest floor in its nearly 500-building office portfolio.
REAL ESTATE: 3rd speculative project would be 216,000 SF
Newport Beach-based Western Realco has bought nearly 10 acres of land in Brea, where the developer is planning its third big speculative industrial project in the city since 2012.
Apartment Portfolio Now 30,000 Units, Ranked 40th
A healthy amount of acquisitions across the country over the past year has vaulted Irvine-based Steadfast Cos. into the ranks of the largest owners of apartments in the U.S.
REAL ESTATE: Shift suggests spec development on horizon
Advantage landlords. That’s the picture that emerges from the most recent data on Orange County’s roughly 100-million-square-foot office market, which wrapped up the first quarter in its strongest position since the onset of the Great Recession.
REAL ESTATE: $9.6M estimate for 55,474-SF low-rise
Irvine-based CapRock Partners LLC has snapped up an office just off the Costa Mesa (55) Freeway for its latest local creative-office project.
Proposal for Luxury Condo Tower to Costa Mesa Planners
The owners of the Avenue of the Arts Wyndham Hotel are moving ahead on plans to build the first high-rise condominium tower in Costa Mesa’s arts district.
Prudential Real Estate Investors said it acquired a 75% stake in the Bella Terra Shopping Center in Huntington Beach.
Report of Nashville Deal Follows Buy in Aliso Viejo
Irvine-based LBA Realty is poised for a big investment in Nashville, Tenn., according to reports there.
REAL ESTATE: Land buy, redesign for Birch Street project
A long-planned medical office development in the Santa Ana Heights area of Newport Beach is moving ahead following a recent sale of the nearly 4½-acre site and a redesign of the proposed project.
The convicted bank robber who stole the identity—and a $1.4 million tax refund—of Irvine Company Chairman Donald Bren was sentenced to time served, restitution and supervised release, according to court records.
Prudential Real Estate Investors said it has acquired a 75% stake in Huntington Beach's Bella Terra Shopping Center.
REAL ESTATE: Plans indicate office on par with project now in works
The Irvine Company is considering doubling down on its high-rise office development plans in the Irvine Spectrum.
REAL ESTATE: High-density, mixed-use projects eyed for sites
Officials with the city of Irvine have expressed concern over massive commercial development plans proposed for a pair of county-owned land sites totaling about 144 acres next to Orange County Great Park.
REAL ESTATE: Plans biggest makeover yet after $44.3M buy
The purchase of Kawasaki Motors Corp. U.S.A.’s Irvine headquarters is the keystone in a redevelopment plan by Bixby Land Co. that could top $70 million when the costs for a makeover of the existing building and an adjacent parcel of land are considered.
Buys Arts District Land in LA for Reported $130M
Master developer SunCal Cos. is starting to make big waves in its backyard again.
REAL ESTATE: NYC buy highlights push for additions away from home
The Irvine Company has added two hometown office towers to its property management portfolio in the past year and has an even larger project moving ahead in the Irvine Spectrum, consolidating its role as Orange County’s dominant real estate owner.
Leasing Activity Picks Up, Sales Volumes Still Strong
A sharp increase in leasing activity, continued strength in the for-sale market, and the effects of industry consolidations propelled Orange County’s largest commercial brokerages to a banner year in 2014.
Limited New Construction Anticipated This Year
Large holes of space in Orange County’s biggest and best office buildings are quickly filling up, particularly near John Wayne Airport, and area brokerages say few development projects are in the pipeline to boost supply.
REAL ESTATE: Retail, eatery to join doctors
A prominent medical office building on one of the more eclectic streets in Newport Beach is about to get a big makeover.
$45.1M for 220-Unit Complex in Emeryville
Add Irvine-based Bascom Group LLC to the growing list of Orange County real estate companies spending big in the Bay Area recently.
Add Reinvention, Real Estate to His Resume
Gary Jabara has overseen two successful business startups, one major business reinvention, and a big commercial real estate buying spree—all in a little over 10 years.
Palmieri, Tyler to Move From Century Centre
Palmieri, Tyler, Wiener, Wilhelm & Waldron LLP is the latest local law firm that’s figuring out how to use less space for its operations.
Money Shifts From Industrial, Multifamily
Deep-pocketed office investors flocked to Orange County last year looking for attractive investment yields while also betting on the market’s potential for rental growth over the next few years.
1.7 Million SF Near Angel Stadium Would Include Luxe Hotel, Condo Tower, Surf Park
A Chinese developer has proposed a mixed-use project next to Angel Stadium that could rival L.A. Live in downtown Los Angeles in terms of scope and variety of uses.
New Home, Commercial Pick Up Some of Slack
Business for Orange County’s largest title insurers plummeted last year as refinance activity significantly declined.
REAL ESTATE: $100M+ Deals Already Top 2014’s
2015 has the makings of a blockbuster year for large real estate deals, based on the first few months of transactions in Orange County.
Great Park Project Nears Irvine Co. on Lot Prices
Lot prices for the latest batch of homebuilding at Great Park Neighborhoods don’t appear to be cheap.
127 Acres Along 55 Freeway Could Fetch Up to $250M
A handful of real estate developers have teed up big-dollar bids to gauge members’ interest in selling the Santa Ana Country Club.
Toll Brothers Bullish On Irvine, Lake Forest Sites
Hidden Canyon, the newest high-end, new-home community in Irvine, had about $50 million in sales in less than a month after its opening, according to the project’s developer.
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.
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.
Bethesda, Md.-based DiamondRock Hospitality Co. said it has bought the Shorebreak Hotel in Huntington Beach for $58.5 million.
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.
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.
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.
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.