Orange County Business Journal

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FivePoint IPO Would Raise Millions, Add to Ownership Complexity

FivePoint Communities Inc.’s transition into a publicly traded company will make its executive team rich and provide plenty of financial cover for the next housing downturn. It should also free up plenty of cash for future real estate acquisitions in and out of Orange County.

By Mark Mueller April 25, 2017 10:22 a.m. share »
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FivePoint Updates Terms of IPO

FivePoint Communities Inc. could raise nearly $600 million from its forthcoming initial public offering and a trio of concurrent private placement deals, according to new regulatory documents filed with the Securities and Exchange Commission.

By Mark Mueller April 24, 2017 10:43 a.m. share »

Sites Near 55 Freeway Eyed for Industrial, Chick-Fil-A

Big changes could be in the works for a large industrial property just off the Costa Mesa (55) Freeway in Santa Ana.

By Mark Mueller April 24, 2017 midnight share »

$56M Impac Mortgage Deal Involves Local Ties

Local real estate and private equity investors Richard and Todd Pickup have increased their already sizeable stakes in Impac Mortgage Holdings Inc. following a $56 million stock sale by the Irvine-based lender.

By Mark Mueller April 24, 2017 midnight share »

$130M Sale of JCP’s Buena Park Site Sets New Mark

CenterPoint Properties has closed on the buy of J.C. Penney Co.’s massive logistics and distribution facility in Buena Park in one of the largest industrial sales in Orange County in years.

By Mark Mueller April 17, 2017 midnight share »

4000 MacArthur Office Property in NB on Block

The 4000 MacArthur office complex in Newport Beach is for sale again in what could prove to be Orange County’s largest office transaction so far this year.

By Mark Mueller April 17, 2017 midnight share »
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TRI Pointe Stock Performance Slammed by Starwood

An eight-year partnership between Irvine-based homebuilder TRI Pointe Group Inc. and its former majority shareholder ended on an unexpected sour note.

By Mark Mueller April 14, 2017 8:12 a.m. share »
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New Home Preps 275 Acres in Corona

The New Home Co. Inc., one of the most active builders on the Irvine Ranch and other area master-planned communities owned by Orange County’s largest landowners, is turning the tables for a new project it has in the works just over the Riverside County line in Corona.

By Mark Mueller April 11, 2017 11:09 a.m. share »

Irvine Co. Thinks Small With Spectrum Purchase

Irvine Company has bought a low-rise office campus in the shadow of Broadcom Ltd.’s new office campus in the Irvine Spectrum.

By Mark Mueller April 10, 2017 midnight share »

Revamped Kaleidoscope Shopping Center Up for Sale

Mission Viejo’s Kaleidoscope shopping center is for sale.

By Mark Mueller April 10, 2017 midnight share »
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Hines Looks to Add Rentals, Hotel to Brea Site

Hines Interests LP is the latest big office owner in Orange County looking to add apartment development to its local repertoire.

By Mark Mueller April 6, 2017 10:28 a.m. share »
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Karma Auto Owners Pay $56M for Irvine HQ

Karma Automotive LLC is embracing a lease-to-own strategy, for its local real estate holdings, at least.

By Mark Mueller April 5, 2017 11:14 a.m. share »

Brisk Sales Boost Bottom Line of CRE Brokerages

A brisk pace of building, apartment and land sales helped overcome some sluggish leasing activity in Orange County last year. The bottom line: another year of gains for the area’s largest commercial brokerages.

By Mark Mueller April 3, 2017 midnight share »

Bascom Goes Big With $94M Rental Purchase

Irvine-based apartment investor Bascom Group LLC has made its largest ever acquisition in Orange County, picking up a 406-unit rental complex in Santa Ana.

By Mark Mueller April 3, 2017 midnight share »

Development Buoys OC Property Managers’ Books

A dose of development helped Orange County’s largest commercial property managers grow their local portfolios for the fifth straight year.

By Mark Mueller April 3, 2017 midnight share »

OC Office Developers Aim to Backfill Existing Space

Three of the area’s biggest owners of high-end office space in Orange County, Irvine Company, LBA Realty, and Hines Interests LP—have proposed a handful of local office projects totaling close to 750,000 square feet for the area around John Wayne Airport and the Irvine Spectrum.

By Mark Mueller April 3, 2017 midnight share »

Five Point IPO Still in Works, Says Lennar CEO

Aliso Viejo-based Five Point Holdings Inc., the master developer of Great Park Neighborhoods in Irvine and other large projects in California, hasn’t abandoned its plans for an initial public offering, according to one of the company’s largest investors.

By Mark Mueller April 3, 2017 midnight share »
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Chicago Firm Tapped To Buy J.C. Penney DC

A Chicago-area industrial real estate owner and developer looking to grow its West Coast presence is expected to buy J.C. Penney Co.’s massive logistics and distribution facility in Buena Park.

By Mark Mueller March 31, 2017 10:16 a.m. share »
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New CEO for Irvine Homebuilder

MBK Homes LLC President and Chief Executive Timothy Kane has announced his retirement from the Irvine-based homebuilder.

By Mark Mueller March 31, 2017 9:59 a.m. share »

IRWD Plans Midsized Office Near Sand Canyon HQ

The worst of a long drought is apparently over, and the Irvine Ranch Water District should now have more time on its hands to pursue other business opportunities, in particular real estate development.

By Mark Mueller March 27, 2017 midnight share »

Starwood’s $150M Bet on TRI Pointe Pays Off Again

A $150 million investment in then-upstart builder TRI Pointe Group Inc. in 2010 has proven to be a big money-maker for Greenwich, Conn.-based private equity firm Starwood Capital Group.

By Mark Mueller March 27, 2017 midnight share »

Coins to Commercial Real Estate

John Saunders has made a fortune through buying and selling some of the smallest and most valuable collectables in the world.

By Mark Mueller March 20, 2017 midnight share »

Blizzard Adds Another Spectrum Office to Local Ops

Blizzard Entertainment Inc. still is in growth mode when it comes to its local real estate presence. It appears it’s also still very much a renter rather than an owner.

By Mark Mueller March 20, 2017 midnight share »

LBA Plans 6-Story Office Addition at Park Place

LBA Realty has begun to market space for lease at a new six-story office it’s planning at the Park Place campus in Irvine, adding another potential sizeable office development to the area around John Wayne Airport.

By Mark Mueller March 20, 2017 midnight share »

New Vantis Hotel in Aliso Viejo Sells for $38 Million

A recently built Homewood Suites hotel in Aliso Viejo has become the first acquisition here by a Texas-based investor that specializes in the hospitality market and is on the lookout for more deals this year.

By Mark Mueller March 20, 2017 midnight share »

Offices Now Investments for Area’s Ultra-Wealthy

High-net-worth investors in some areas of the country are known for collecting an assortment of fancy cars, jewelry, mansions and other luxury items.

By Mark Mueller March 13, 2017 midnight share »

Title Insurers Seek More Buys in Face of Rate Hikes

Orange County’s largest title insurance providers are looking at acquisitions both inside and outside their core business lines to help them grow operations and improve efficiencies in a climate of interest rate hikes likely to cut into their refinancing work.

By Mark Mueller March 13, 2017 midnight share »

Plans Weighed for Trinity Broadcasting Site

It was the second sale of the building this month. Irvine-based Greenlaw Partners bought it directly from Trinity Broadcasting, and shortly after the deal closed, Greenlaw sold it for a slight profit to Alliance South Coast.

By Mark Mueller March 13, 2017 midnight share »

CoreLogic Promotes COO to CEO Post

Irvine-based CoreLogic named Frank Martell president and chief executive to succeed Anand Nallathambi, who died this month after a brief illness.

By Mark Mueller March 13, 2017 midnight share »

IBC Apartment Development Cuts into Jobs Base

The boom in residential development in the Irvine Business Complex over the past few years appears to be having an effect on the area’s base of jobs.

By Mark Mueller March 13, 2017 midnight share »

Life After Broadcom at URP

Irvine Company has started to prepare for life after Broadcom Ltd., one tenant at a time.

By Mark Mueller March 13, 2017 midnight share »
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CoreLogic Names Martell CEO

Irvine-based CoreLogic has named Frank Martell its new president and chief executive.

By Mark Mueller March 6, 2017 12:22 p.m. 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 6, 2017 9:52 a.m. share »

Homebuilders Take Stock of Improved Inland Empire

Orange County’s biggest homebuilders are again turning more of their attention to projects in the Inland Empire.

By Mark Mueller March 6, 2017 midnight share »

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 »

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