General Plan, Slow-Growth Measures Headline Agenda
2016 is shaping up to be a year of heavy suspense for a nearly 3-mile swath in Costa Mesa just north of the San Diego (I-405) Freeway in terms of potential residential and commercial development.
REAL ESTATE: Anchors FivePoint’s revised plan for 73-acre site
The developer of Great Park Neighborhoods in Irvine has earmarked a 73-acre portion of the former El Toro Marine Base for a commercial project featuring creative-office buildings, among others.
REAL ESTATE: Adds 535,000 SF of retail in wake of sale of LA mall
A Los Angeles-based investor with ties to that city’s Korean-American community has bought a majority stake in Buena Park’s largest mall.
WeWork, Curse Inc. Join Mazda in 21-Story Office
The Irvine Co.’s plans for a sister tower for its 200 Spectrum office building appear to be on the fast track after a flurry of leasing activity for the developer’s speculative office tower, which is nearing completion.
‘Entirely New Type of Investor’ for Commercial Properties Along NB Stretch
It’s rarely a bad time to sell a waterfront commercial property in Newport Beach, home to some of the most desirable—and expensive—real estate in California.
For-Sale Project Follows Nearly 10 Years of Rental Developments
A Newport Beach-based homebuilder is planning the first dedicated for-sale housing project in Anaheim’s Platinum Triangle district in nearly a decade.
REAL ESTATE: Plans makeover to stand out in Anaheim Canyon
Hines Interests LP has bought the former headquarters of Fisker Automotive and Technologies Group LLC in Anaheim, adding another office to its already sizeable base of buildings in North Orange County.
Multistory Office Sites Get Developer Attention
Area office owners are super-sizing the latest crop of creative-office redevelopment projects on tap in Orange County.
REAL ESTATE: Lincoln owns 10-acre parcel next door
Lincoln Properties Co. is in talks to buy the Los Alamitos City Hall and municipal center, a 3.1-acre site on Katella Avenue where the developer plans to build a shopping center.
REAL ESTATE: Site could get 800+ units under Garden Communities
San Diego-based Garden Communities of California has bought a multibuilding portion of the Colton Plaza office campus next to John Wayne Airport where the company plans to build a big multifamily project.
REAL ESTATE: Moshayedis pony up $34M for IBC property
Real estate owner and developer Hines Interests LP has sold a pair of properties it owned near John Wayne Airport for nearly $65 million.
Sales Up 17%; FivePoint Project Ranks No. 16 in US
The Irvine Ranch retained its ranking as the second best-selling master-planned community in the country last year, according to a new report by Irvine-based John Burns Real Estate Consulting.
REAL ESTATE: Toy maker to L.A.; Japan-based investor to buy office
A real estate investor based in Japan is in line to buy the most distinctive office building in Cypress in the recently vacated headquarters of toy company Bandai America Inc.
REAL ESTATE: Value of 277 units up nearly 30% since 2012
An estimated $87.5 million sale of an apartment complex in Huntington Beach is the latest indicator that the city’s multifamily market remains hot.
Long Beach Project Mix Of Hampton, Homewood
Santa Ana-based Nexus Cos. has gotten the go-ahead for a second hotel project in the Douglas Park development in Long Beach.
Takes 5 Floors for HQ as Speculative Project Nears Completion
The Irvine Company has landed Orange County’s largest automaker to anchor its new office tower in the Irvine Spectrum.
Children’s Hospital of Orange County has bought an eight-story medical and office building next to its main campus in Orange.
Change in Standard Operating Procedure Puts Homebuilder Among Top 5 in Nation
The largest homebuilder based in Orange County got a lot larger on Scott Stowell’s watch last year.
Deal Would Be First Office In City for NB Investor
An affiliate of Newport Beach-based KBS Realty Advisors is under contract to buy a 24-story office tower in Charlotte, N.C.
REAL ESTATE: Sale likely biggest office deal of 2015
The new owners of MetroCenter at South Coast are planning a major renovation project of the office complex, with an expectation of turning the Costa Mesa site into one of Orange County’s most unique office campuses.
REAL ESTATE: No indicators engineering firm plans to vacate
Dallas-based institutional investor Invesco Real Estate has completed its second big office purchase in Aliso Viejo in the past year.
Aliso Viejo-based hotel investor and operator Sunstone Hotel Investors Inc. said that it has sold its leasehold interest in New York City’s Doubletree Guest Suites Times Square for $540 million.
Expect to see a lot more construction cranes join the skyline this year.
REAL ESTATE: Burnham pays $16.6M for Olen sites
Burnham USA is the latest developer looking to help revamp the Lido Village area of Newport Beach.
REAL ESTATE: Company would lease back Anaheim property
Pacific Sunwear of California Inc. is exploring a sale of its Anaheim headquarters in an effort to raise cash.
275 Rooms,‘Value-Oriented Accommodations’ Planned
Brighton Management LLC, an Irvine-based hotel developer and manager, is looking to double down on plans at the Newport Dunes marina property in Newport Beach.
REAL ESTATE: New York Life affiliate snaps up tower near airport
One of the buildings at the Von Karman Towers office complex near John Wayne Airport is the latest local property to be purchased by a large insurance company.
Development action at the Platinum Triangle in Anaheim moved into overdrive this year, despite lingering uncertainty over the area’s biggest tenant: the Angels baseball team.
JV With CrossHarbor Pays $35M for Lakes Offices
Two local investors have teamed up to buy a second office campus in the San Gabriel Valley.
REAL ESTATE: LBA envisions offices, hotel, movie theater, retail
LBA Realty, the owner of much of the Park Place mixed-used campus in Irvine, is looking to build a companion project on a nearby parcel of land that would feature offices, a movie theater, a hotel, retail and other features.
Rumored $275M Deal For 4-Office Portfolio
LBA Realty is in line to buy a big office complex in Phoenix, making the Irvine-based investor the latest Orange County real estate company making waves in that region.
REAL ESTATE: LA firm buys into Burnham-Ward project off 405
SOCO—the hip mix of furniture, fashion, design and food tenants along the San Diego (405) Freeway in Costa Mesa—has gotten a new ownership structure and a big boost in its valuation.
REAL ESTATE: Estimate on per-unit price tops $400,000
A recently built apartment complex has traded hands in what looks to be one of the priciest per-unit deals for a multifamily property in the Irvine Business Complex.
Five-Story, 110,000-SF Project Set to Open in ’16
One of the developers planning a hotel for Anaheim’s resort area has gotten a construction loan to get the project under way.
REAL ESTATE: Portfolio now tops 12,000 residential units
Olen Properties Corp. has spent nearly $200 million to buy three out-of-state apartment complexes this month, adding to a busy year of acquisitions for the Newport Beach-based real estate owner and developer.
8 Acres a Few Blocks From Former Beckman HQ
Western Realco has added another property in Fullerton—and another site with ties to medical testing company Beckman Coulter Inc.—to its industrial development pipeline.
REAL ESTATE: Insurer adds 3rd office building in JWA area
The real estate investment arm of John Hancock Life Insurance Co. has added a pair of office buildings in Newport Beach to its growing local portfolio.
REAL ESTATE: Pegged for 626 homes; deal estimated at $190M
A China-based homebuilder looking to diversify its operations into the U.S. has bought a big development site in Lake Forest.
$325M in Funding, Hiring Spree Point to National Network of Small Cell Base Stations
A just-completed $325 million fundraising deal for Mobilitie LLC comes as the Newport Beach-based wireless infrastructure company is gearing up for what it is calling the “largest network deployment initiative in the U.S.”
REAL ESTATE: First project outside state resembles Meridian in Newport
The New Home Co. has inked a deal to build an upscale housing project in the Phoenix area, its first development outside California.
Newport Beach’s Mobilitie LLC said that it had raised $325 million to fund the deployment of its wireless infrastructure projects.
2.5M SF in Works Approaches Prerecession Pace
Developers are taking a much more varied approach to projects planned for Orange County’s office market next year than during the area’s last building boom.
Developer Part of BK Bid, Could Try Again on Last of Publisher’s Land
Developer Mike Harrah said he remains interested in buying 14.3 acres surrounding the headquarters of the Orange County Register despite an earlier deal for the land falling apart and the newspaper’s parent company’s latest complications.
REAL ESTATE: Pacific Union to consolidate local offices
Irvine Company has found a tenant for one of its largest empty blocks of office space in the area around John Wayne Airport.
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.
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.