Price for 40 Acres in Tustin Could Top $73M
Orange County’s first ground-up creative-office campus looks likely to break ground in mid-2017 under terms of an agreement between the city of Tustin and the developer of the project, which is called Flight.
REAL ESTATE: Will aim to build broker roster, Asia links
Sperry Commercial Global Affiliates LLC, an Irvine-based commercial real estate brokerage that started operations this summer, has hired the former mayor of its hometown to beef up its presence in Asia.
REAL ESTATE: Looks to be first buy here for SD-based investor
An investor from San Diego has bought the Village at Orange shopping center in one of the largest reported retail deals in Orange County this year.
Union Place Opened in ’12; 1st for City in Over a Decade
Union Place, the first big apartment complex to be built in Placentia in over a decade, has sold.
REAL ESTATE: Estimated $50.5M for Santa Ana building
One of the high-end office buildings in the Hutton Centre mixed-use campus in Santa Ana has been sold to an investor from San Diego.
Deal With AMS Uses Tesla Batteries to Store Energy
Dallas-based institutional investor Invesco Real Estate is using its office holdings in Aliso Viejo for the initial rollout of a cutting-edge energy storage project that it plans to expand to other parts of its sizable real estate portfolio in the U.S. over the coming years.
REAL ESTATE: Estimated $255M tops for OC office deals since 2012
A billionaire from the Inland Empire has acquired the five-building office campus in Irvine that holds the local operations of Google Inc. and others in what appears to be the largest office deal in Orange County in several years.
REAL ESTATE: SOCO developer sees similar potential at Boeing site
The developer behind the South Coast Collection shopping center in Costa Mesa is gearing up to break ground on a hip retail project near Long Beach Airport.
Amazon Lease in IBC Leads New Rental Wave
Amazon.com’s recent entry into Orange County’s industrial market is the clearest example yet of the growing role that e-commerce is having on the area’s warehouse and distribution building base.
REAL ESTATE: Asian-themed grocer gets Georgia-Pacific plant
The owner of Asian-themed grocery store chain 99 Ranch Market has bought a large distribution facility next to its headquarters in Buena Park in one of the priciest industrial sales in Orange County this year.
REAL ESTATE: 40,000-SF office part of $250M project
CT Realty Investors has added another notable name to the lineup of companies preparing to occupy space at the 25.6-acre healthcare campus it’s developing in Aliso Viejo.
Byron Allumbaugh, a longtime chief executive and chairman of Ralphs Grocery Co. who counted deep ties to Orange County’s business community, passed away over the Oct. 29 weekend. He was 84.
TA Realty-Led Fund Buys 292-Unit Amerige Pointe
Amerige Pointe, one of the largest apartment complexes in Fullerton, has a new owner.
Weyerhaeuser Buy Helps TRI Pointe to 660% Jump in Sales
You can add another first to the resume of TRI Pointe Group Inc., a homebuilder whose growth over the past seven years is among the most rapid of any Orange County company on record.
Buena Park Project Follows TRI Pointe Land Sale
A 4-acre development site in Buena Park that once was part of a larger Nabisco food manufacturing facility has seen a change in ownership.
REAL ESTATE: 1.1M-SF industrial site could move for $125 million
J.C. Penney Co. has put its massive logistics and distribution facility in Buena Park on the market and plans to relocate operations to a smaller site in the Inland Empire.
REAL ESTATE: Allianz pays $390M; Spectrum spread could fetch $100M
LBA Realty, fresh off the highly profitable sale of a portion of its holdings in the Park Place mixed-use campus in Irvine, now has its eyes on another sizeable property in the city for a potential investment.
Brandman Could Move to Mazda’s Old Digs
Chapman University is looking to relocate and expand the presence of its Brandman University affiliate in the Irvine Spectrum through two real estate transactions likely to top $60 million combined.
Industrial Buys Lead Way; China Goes Big on Hotels
Beijing-based Anbang Insurance Group Co.’s recent purchase of two of Orange County’s premier resort properties—Montage Laguna Beach and The Ritz-Carlton, Laguna Niguel—has pushed foreign capital’s investment in the local commercial real estate market past the $2 billion mark over the past two years, according to a new research report by brokerage JLL.
CalPERS-Backed Investor Pays Record Per Square Foot
Real estate investment adviser Bentall Kennedy has made one of the largest industrial acquisitions ever in Orange County, buying close to a million square feet of recently built space in Anaheim.
53-Acre First Phase to Be Completed by Year-End
The first phase of Great Park Sports Park already appears to be paying dividends, in revenue earmarked for the city of Irvine next year.
REAL ESTATE: Pays over $30M for offices in Tustin
A startup investment and development group based in Long Beach that focuses on creative-office conversion projects has made its largest investment yet in Orange County, for a three-building property in Tustin.
Santa Ana-based title insurance firm First American Financial Corp. has bought TD Service Financial Corp. of Orange on undisclosed terms.
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.
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.
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.
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.