Mark Mueller covers commercial and residential real estate for the Orange County Business Journal. His beat also includes title insurers and mortgage lenders, as well as government stories that relate to real estate. He can be reached at email@example.com.
Phone: 949-833-8373 Extension: 226
REAL ESTATE: Diamond Jamboree owners invest
The land underneath the Newport Beach Tennis Club has been bought by a prominent area retail developer.
Shea Properties Sells Site To Brookhollow Group
Shea Properties has sold one of two large offices it built and owned at its 40-acre Vantis mixed-use campus in Aliso Viejo.
Based in Irvine Office Of CRE Brokerage
Cushman & Wakefield Inc. has named a former executive of Irvine-based auction firm Ten-X LLC to run its Orange County and Inland Empire offices.
REAL ESTATE: Student housing a focus for $1.1B REIT
Ladera Ranch-based SmartStop Asset Management LLC, one of the country’s most active investors in the self-storage industry, is looking to tackle a new sector of the real estate market: student housing properties next to schools with big football programs.
Olson’s Lido, Irvine Hotels Prep to Open
A mid-September tour of the under-construction Lido House Hotel in Newport Beach has turned into an impromptu architectural design review for Bob Olson.
REAL ESTATE: Peter’s Landing sells for $33M
Peter’s Landing Marina, a retail and office property on Pacific Coast Highway overlooking Huntington Harbour, is in line for a makeover after being acquired by an upstart investment firm in Irvine.
Campus-Centric Target Store Opened in Summer
Irvine Co. has landed Amazon after all.
REAL ESTATE: 500 acres in SoCal; nearly $74M price cited
Orange-based wholesale and retail plant and tree growing business Village Nurseries, which owns more than 500 acres in Southern California, is nearing a court-overseen sale to a Texas-based firm.
REAL ESTATE: $232M combined price for recapitalization
Laguna Hills-based Muller Co., in a recapitalization deal valued at nearly $232 million, has brought on a new financial partner for three area high-rise offices it owns and operates.
Irvine-based Pacific Hospitality Group has sold of one of its high-end hotel properties, Bacara Resort & Spa in Santa Barbara County.
REAL ESTATE: AT&T site in Pasadena; DTLA KBS tower
Newport Beach real estate investors Saunders Property Co. and KBS Realty Advisors are cashing out of a pair of office towers in Los Angeles County to the tune of $441.5 million.
$83M Sale of Madrid To 2nd San Mateo Investor
Two San Mateo-based apartment investors have swapped ownership of a big rental complex in Mission Viejo: 230-unit Madrid on Los Alisos Boulevard, just south of the 241 Toll Road.
REAL ESTATE: Complaint follows Business Journal report
One of the most prominent industrial buildings in the area around John Wayne Airport, the 2323 Main St. building in Irvine, now has a for-lease sign up after years of turning away potential tenants.
Greenlaw, Westbrook JV Buy 10-Building Campus
Centerpointe La Palma, the largest office complex in North Orange County, has traded hands in a $106.1 million deal.
City’s Proposal Not On Top of Pundits’ Lists
At first glance, Irvine’s attempt to woo Amazon for the e-commerce giant’s second headquarters carries about the same long odds as Larry Agran’s quixotic presidential bid in 1992.
3rd Big Office Sale in City Since August
Olen Properties Corp. has added a prominent office tower in its hometown of Newport Beach to its growing real estate portfolio.
REAL ESTATE: SGX offering would follow Tel Aviv debt
KBS Realty Advisors appears to be going out-of-country again to raise money for a new real estate fund.
Says Bascom Bid Of $131M Far Off Mark
This month’s sale of the 82-acre Serrano Summit development site in Lake Forest is the most expensive reported land sale in Orange County this year.
Serrano Site to Lennar; LandSea Sells Some Land to KB Home
Two of the largest residential development sites in Lake Forest have changed hands within a few days of each other in a pair of land transactions valued at nearly $177 million combined.
Plans 35 Communities In SoCal, Texas This Year
Newport Beach-based RSI Communities LLC has added another large development site in Texas to its growing homebuilding portfolio.
120-Room Hotel Also on Tap, 92,000 SF of Retail
A Los Angeles-based developer wants to turn a roughly 13-acre site near the Anaheim resort district into a Disneyland of sorts, for beer lovers.
The Irvine Co. said it’s making a serious push to bring Amazon to Irvine for the e-commerce giant’s second headquarters, and has enlisted its former No. 2 executive to lead the project.
Passco Apartment Buy Follows Sunstone Deal
It’s a nearly 2,900-mile trip from Orange County to Key West, Fla., site of the southernmost point in the continental United States.
REAL ESTATE: DCT buys former PacSun facility for $56M
A real estate investment trust in Denver has bought a big distribution center in Anaheim in one of the most expensive deals on record for an older industrial property in North Orange County.
BALLOT BOX: Similar to Costa Mesa; aiming for ’18 vote
A slow-growth ballot measure has been proposed for Irvine, which if passed would quickly put a chill on development for Orange County’s third largest and fastest-growing city.
REAL ESTATE: Starwood, Rockpoint invest in Irvine site
Regulatory documents are shedding a bit more light on FivePoint Communities Inc.’s blockbuster purchase of Broadcom Ltd.’s four-building, 73-acre campus under construction at Great Park Neighborhoods in Irvine this month.
Hotel, Apartments, Retail And Festival Street Eyed
Plans for a big mixed-use development in the Little Saigon area of Westminster have been unveiled by the project’s local design team.
Brisk Sales in Irvine, Even Without Them
This month’s grand opening of a collection of three new home types at Irvine’s Eastwood Village community had a bit of a carnival atmosphere, with an assortment of food trucks, balloons for children, and other giveaways for the more than 1,000 people who braved the summer heat.
House Foods Unit Aims for $89M in Annual Sales
House Foods America Corp., a Garden Grove-based manufacturer of tofu, noodles and other Asian-influenced food products that’s seen a surge in business the last decade, has bought an office next to its headquarters for what looks to be a potential expansion of its local operations.
Stergios “Terry” Theologides, general counsel and secretary of CoreLogic Inc., will leave the Irvine-based real estate real estate data and research company next month.
Drawbridge Gets HQ of Panasonic Avionics
San Francisco-based commercial real estate investor Drawbridge Realty has made its second Orange County office purchase in as many years, picking up the Lake Forest headquarters of Panasonic Avionics Corp.
REAL ESTATE: Complex built in 1975, totals 81,551 SF
In a rarity, Newport Beach-based Irvine Co. has put an office property it owns in Orange County up for sale.
Under Contract For $155M Deal in Oakland
KBS Realty Advisors and affiliates continue to hunt for sizable office properties across the country for sale, with nearly $250 million worth of notable deals announced this month.
REAL ESTATE: 5-story project, 16-story tower proposed
The developer of The Source, Buena Park’s largest commercial real estate development in over a decade, now has its eyes on residential development in the city.
Projects Could Grow Bed Taxes by 21% in 5 Years
Garden Grove economic development officials promote their city in marketing materials as “Southern California’s undiscovered jewel.”
REAL ESTATE: Broadcom site renamed; Irvine Co. model eyed
FivePoint Communities Inc. has completed the blockbuster $443 million purchase of Broadcom Ltd.’s campus where construction is wrapping up in Irvine.
LBA Buys Big Industrial Site on Warner For $41M
An affiliate of struggling retailer Sears Holdings Corp. has sold a second sizable Orange County property in less than a month, the Business Journal has learned.
New HQ at The Met Follows May IPO
Artificial intelligence technology and media firm Veritone Inc., fresh off an initial public offering in May that raised $37.5 million, is moving its headquarters to a larger space in Costa Mesa.
Land Next to Outlets Mall Trades for $10 Million
A long-awaited hotel project at San Clemente’s Marblehead Coastal property appears to be taking steps toward construction.
$40M in Buys Kick Off 1-Million-SF Beckman Project
Western Realco isn’t the only game in town right now when it comes to industrial development in Orange County.
Deal for Integra Its 4th OC Buy Since 2014
Chicago-based JLL, whose Irvine office is one of the largest commercial brokerages here, has added an Orange County-based appraisal office to its operations in its latest area acquisition.
REAL ESTATE: Digital Map move follows VC funding, buy
The latest technology tenant that Irvine Co. has landed to replace Broadcom Ltd. at University Research Park shouldn’t need help with directions to its new headquarters.
The top two executives of Corona-based Monster Beverage Corp. are about to add a trophy office in Newport Beach to their rapidly growing commercial real estate portfolio in Orange County.
Igor Olenicoff, the owner of Newport Beach-based real estate firm Olen Properties and Orange County’s third-wealthiest person, is keeping his company on the growth path locally and out of the area.
Diamond Bar Value-Add Office Trades for $27.3M
Irvine-based real estate investor and developer Great Far East has its hands full getting a big office and hotel development next to John Wayne Airport through the entitlement stages, but it still found time this month to snap up one of the best office properties in the San Gabriel Valley city of Diamond Bar.
Aliso Viejo-based Sunstone Hotel Investors Inc. has paid $175 million for a newly-built resort property in Key West, Fla.
REAL ESTATE: OCSC caps busy year with new home
James Keston will cap a whirlwind first year of sports ownership under the bright lights by moving his club into Orange County’s newest stadium.
$187M for Several Sites at Costa Mesa Mall
The owners of South Coast Plaza have bought back a large chunk of property at the Costa Mesa shopping center from department store operator Sears Holdings Corp., the Business Journal has learned.
147-unit ‘Hotel Louise’ Near Americana Center
Newport Beach-based R.D. Olson Development plans to build another hotel on an infill site in Los Angeles County, this time in Glendale.
REAL ESTATE: Welltower adds 2nd new area medical office
A pair of healthcare-related properties in the vicinity of Hoag Memorial Hospital Presbyterian in Newport Beach have changed hands in separate transactions valued at close to $63 million together.